Local (Phoenix, AZ)
By Ulises Romo
(Realty One Group)
This weekend I held an open house for my Aunt and Uncle's house, and I had a small amount of traffic come through the house on both days. I wish I could say I am disappointed, however I am not. I actually had a couple who were not interested in my relative's house but, they were interested in a smaller and less expensive home. I know I did not get an interested party for my relatives home, however, I will do all in my power to make this a potential transaction for another home. And, I will continue to burn the midnight oil to make my Aunt and Uncle's home sell.I can not stress enough how much perseverance and tenacity help me in these slow and trying times. I will continue to have an optimistic outlook and continue to endure this market for as long as it lasts. As they say about New Yor...
Comments 3
By Ulises Romo
(Realty One Group)
They're back!!! Arizona Summer is here again. And its hot as, well you know. The good thing about it being summertime are valley pools; private, community, and also the water-parks here in Arizona. Kids can enjoy water-parks like Sun Splash, Big Surf, Water World as I did as a youngster. I have also noticed one or two communities that are being built, they will also be building some water-parks of their own. So their are ways of beating the heat. You just have to be creative and resourceful. You can go shopping or you can go to a one of the nearby lakes like Lake Pleasant or Saguaro Lake. Just load up your gear and/or your boat and/or jet ski and head out for the weekend. Just an hour or two drive and your in the oasis of the desert. You may also want to watch a movie or get some ice cr...
Comments 0
By Ulises Romo
(Realty One Group)
Well as you can guess, Interest Rates are on the rise. Great timing huh? Like the saying goes, "when it rains it pours." And right now the Real Estate Industry is in a monsoon. Is Evan Almighty around? However, do not fear, while it may be sink or swim time, we as REALTORS must learn how to swim for times like these that test our abilities to adapt to the change of weather. It is not all doom and gloom though, those that can manage to change their habits and technique to work in this market will be very successful. And in a year or two when all the turmoil has passed, they will be able to adjust to a more simple market with out a problem.Back to Interest Rates, at our last company meeting one of our finance people broke down how the global market is affecting us here in the United State...
Comments 4
By Ulises Romo
(Realty One Group)
With Resale homes reaching the 45,000 mark, more and more homes are beginning to see longer days on the market, and declining sales prices. This a trend that may continue for some time to come. Homes that are Bank Owned Properties are becoming abundant due the financing obtained by many uniformed, and undereducated buyers. For example; ARM's (Adjustable Rate Mortgages) which offer great introductory payments have now adjusted and home owners are trapped in rising mortgage payments. If they can, many will try to refinance. However, Interest Rates may be higher now than when they were buying initially. Unfortunately, many home owners will not be able to refinance or are unaware that option to refinance exists. Thus, they may be late making payments and face the possibility of a future for...
Comments 8
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