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arizona: Real Estate Investing - Phoenix Real Estate Auctions - 11/08/09 11:09 AM
Real estate investing has always required a little bit of foresight and a modicum of due diligence.
The process has, over the past few decades, been made somewhat easier by the knowledge that time heals all real estate wounds
In other words- even bad deals could be fixed by cost of living adjustments and growth.
Land, being a scarce object, would increase in value because you can't make more of it.
Time is the unknown.
How much time does it take for a property to increase in value?
Now- the time factor has a warp to it.
Some properties are not … (7 comments)
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arizona: The Step between Short Sale and Foreclosure - 02/07/09 08:45 PM
For those who don't want to pursue a short sale, yet don't want to compete with the frenzied bidding that sometimes occurs with bank owned homes, in Arizona, there's an opportunity to pick up a home "at the courthouse steps."
If a home is headed to foreclosure, it will have to pass from personal ownership to bank ownership. The bank will first give the public an opportunity to bid on the home. Here are a few of the things to do:
Find out which properties will be available for auction and where. Perform due diligence (title search, inspection, competition shopping). Bring … (9 comments)
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arizona: Energy Efficiency- The difference on Your Monthly Payment - 01/28/09 07:53 AM
In Arizona, it's not uncommon to find many homes priced in the low $100's.
Such homes will have monthly mortgage payments just above or below $1,000/month - depending on the loan.
When comparing homes, the buyer will normally be able to add the other monthly responsibilities:
Telephone Water Electric Cable Transportation Normally the Telephone and cable bills are very easy to compute. The water bill is not difficult either... they tend not to vary to much from location to location. Transportation costs are a function of location- so this is not difficult math either.
The area most overlooked, in my view, … (10 comments)
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arizona: The State of the Arizona New Homes Market - 01/28/09 12:12 AM
On 9/12/2007 I posted what I thought would be very cool news.
The post was titled, "The Housing Giants Sortable List of Builders"
The post included a link to a list that HousingZone.com has been keeping ... a list of the top builders in the nation.
The best feature is this: you can sort by revenues or closings.
I used to work quite heavily in the new homes arena. It became important for me to know how the builders were doing.
Though I still keep track of new homes, I don't concentrate on that segment as much as I used to.
… (0 comments)
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arizona: "The First Ten Days" and other Bank Owned Property Rules of Thumb - 01/27/09 09:28 PM
If I'm unfamiliar with something I want someone to give me a hand.
Or at least a few rules of thumb.
Such tips can be helpful as a guideline until one acquires enough familiarity to draw larger conclusions.
Right now Arizona has quite a few bank owned properties on the market.
These are homes that have been through foreclosure. Now the bank owns them.
They have their own peculiarities... they are sold "as is"; What you see is what you get.
They will most likely be priced lower than the other homes in the neighborhood.
People may tell you that … (15 comments)
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arizona: Contracts in 24 Hours? In Arizona? In This Day and Age? - 01/12/09 01:56 PM
I've said it before... there's no such thing as one market. [Q. How's the Market ... A. Which One?]
I like to focus on areas that show the most potential for those who bargain hunt. That means I spend a great deal of time finding properties for first time home buyers and investors. The first-timers want as much home as they can afford that is as close to work, family, friends, etc. as possible. The investors want a bargain home that they can rent or flip.
Since there is so much inventory on the market today, we usually have no problem … (11 comments)
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arizona: It seems like yesterday - 01/02/09 07:11 PM
It seems like yesterday that I filled up the tank at $1.35 per gallon.
And I showed a four bedroom two bath home near the downtown and a gorgeous golf course for $59k.
It may seem like yesterday because....
It was.
My goodness... I would have never expected such a thing.
But it's also wonderul... there are so many bargains out there for those who have been hoping to own a home.
Or to do a fix and flip.
Or become an investor.
I wonder how much longer this will last because... well... it just feels so odd... it can't … (3 comments)
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arizona: Purchasing Discounted Properties in Arizona- Step Two: Where Do We Find Them? - 12/04/08 04:23 PM
In my previous post "Purchasing Discounted Properties in Arizona- Step One: Before You Look" I explained that there are many properties that can be purchased at a huge savings... but one much know a thing or two before entering the market.
This post will deal with several opportunities that investors and "value purchasers" may want to consider. The key question being, "where do we find this stuff?"
Well... there are many places to look, but here are a few:
Short Sales Courthouse Steps Bank Owned Listings Short sales are listing for which the seller is "upside down" on the mortgage. That … (6 comments)
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arizona: What Creates Community? A Town Mourns a Loss - 11/17/08 11:44 AM
What creates a community?
I suppose we could say time. By accident we tend to stumble into each other’s paths sufficient to create some sort of relationship.
I think it’s more than that.
We become a community when we share a common bond. It may come through following the common path of witnessing a local team achieve… or, conversely, fail. It may come through collective festivities… where we party with one another.
However, as is true with friendships, many of our deepest relationships are forged through the fire of adversity. In short, through the crucible of mourning we find comfort with … (15 comments)
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arizona: Gilbert Days! Arizona Small Town Festivities Offer Big Time Fun - 11/15/08 11:34 AM
It's here! Gilbert Days 2008!
Beginning 9 a.m. Saturday November 15, downtown Gilbert will be awash in small town fun and festivities.
It all begins with a parade route that travels down Gilbert road from Juniper to the Town Square.
Then it's on to the Gilbert Municipal Center (South of Warner Road) for a party that lasts from 11 a.m. 'til the cows come home. (Note. The cows go at 5 p.m.)
The parade just keeps getting bigger and better. Expect to see plenty of floats, cowboys, horsies and any number of creative entries who will present their interpretations of the … (12 comments)
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arizona: Business Week Feels Gilbert Arizona is One of the Best Places to Raise Your Kids - 11/11/08 07:22 PM
You can't leaf through business weeklies without finding a list proclaiming which city or state has the best this-or-that.
So I often take such information with a grain of salt. However, I *am* quite pleased that Business Week came out with their list of "best places to raise your kids" ... mainly because, of the 52 cities studied, Gilbert Arizona came in high on the list.
I know. Everyone has an opinion of which town is best.
Very often the place of our youth ranks very high in our own list. Since I happen to have lived in Gilbert as … (12 comments)
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arizona: A Home For the Holidays- First Time Home Buyers on the Rise - 11/11/08 10:34 AM
Right now I'm seeing the same type of client in larger numbers:
This is the season of the First Time Home Buyer.
Much of the time, this is anecdotal information. By this, I mean to say, that sometimes the trends I notice can be unique to me as opposed to being experienced by real estate agents in other areas. However, I'm reading that I'm not alone in this trend.
MSNBC reports (from the 2008 Realtors Conference & Expo in Orlando) that first time home buyer market is on the rise.
"According to the survey, the number of first-time buyers rose … (7 comments)
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arizona: Joe Want's to Feed You Again- Free Lunch & Dinner at Joe's Farm Grill in Gilbert - 11/05/08 11:15 AM
He's at it again. That Joe knows how to make friends- feed them.
As I posted many moons ago, Joe's Farm Grill likes to have a party. This time he wants you to try his cheeseburgers, fries and drink. You won't need to open the pocket book either.
For the uninitiated, Joe's philosophy is this:
"we source the best QUALITY ingredients we can find, emphasizing local ingredients. As much as possible, we use fruit, vegetables, and herbs from The Farm at Agritopia, right at our front door. After that we look to other local farmers and then other parts of Arizona. … (15 comments)
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arizona: Mesa Arizona Votes Whether or Not to Remain Property-Tax-Free - 10/28/08 04:53 PM
In 2006 Mesa, Arizona was named by Money Magazine as one of the best places in America to Retire. Among the positive elements behind the choice was financial.
As Mesa approaches a half million residents, it offers something no other of American city of it's size can- No Property Tax.
For the past sixty years Mesa residents have not had to pay taxes on their property. Two years ago the residents went to the polls. It was proposed that a property tax be allowed to help pay for the many services that the fast-growing city was finding trouble funding. Residents … (6 comments)
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arizona: Flu Shots- Arizona & Nationwide Resources - 10/16/08 06:47 PM
According to the Center for Disease Control,
"Influenza (the flu) is serious. Each year in the United States, on average: More than 200,000 people are hospitalized from flu complications and 36,000 people die from flu."
The CDC website contains helpful information about the flu vaccine that is currently available. They also have a link to the Flu Clinic Locator.
On a local level, the Arizona Department of Health Services offers this information:
"Every year in the Arizona, on average: 5% to 20% of the population gets the flu; more than 4,000 people are hospitalized from flu complications, and about 700 people … (11 comments)
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arizona: Gilbert Arizona Home- Was $796K - Now $297K - 10/07/08 05:18 PM
This is a must-see property. A former model home for sale for less than the price of the upgrades. The original list price was $764,185 (7/5/2006). It has never been occupied and is now ready to be purchased by an investor or for personal residence.
Call Chuck Willman (480.292.0600) for details or email Chuck@AZvest.com.
Buyer must be able to close escrow by October 21, 2008.
… (13 comments)
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arizona: Dad, Life's Good For You, Right? - 10/02/08 06:02 PM
It happened one day.
My daughter and I were in the car... serious-faced- she asked,
"Dad, Life's good for you, right?"
I was about to answer philosophically when she added, "I mean... better than most cereals?"
I was prompted by Gregory Lohr to share that snippet. It was from my comment on his blog post "The Not So Sweet Truth" which is based on this: Consumer Reports Investigates Sugar in Cereal.
Still. It begs the philosophical question... Life is good for you, right? The short answer, is yes... life is good. In fact- very good. Let me illustrate:
We have … (31 comments)
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arizona: Horse Property, Custom Home in Established Mesa, Arizona Neighborhood - 09/29/08 06:42 PM
There are those neighborhoods where people plant roots. They build their home and have no desire to leave. When someone does decide to downsize or relocate, well, the phone rings. This is one of those homes. It's a rare find: Large Custom Home 7 Bedroom, 3.5 Bath 1.65 Acres Pool Horse Privileges Excellent Schools Want to know more? Give me a call: Chuck Willman, Gentry Realty - 480.292.0600 … (12 comments)
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arizona: Video- Gentry Realty on Calgary's City TV Program Discussing Arizona Investment Properties - 09/24/08 06:05 PM
As reported earlier, my colleague Spencer Caldwell traveled to Calgary, Canada and made an appearance on City TV... the morning show touting Arizona real estate investment opportunities.
This aired on June 6th and we've just received the footage.
Gentry Realty from Chuck Willman on Vimeo.
Chuck Willman is an agent with Gentry Realty, an Arizona based brokerage that specializes in investment properties. Visit Chuck at www.AZvest.com … (10 comments)
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arizona: New Home Builder Customer Satisfaction Results - The J.D. Power List is Out - 09/12/08 01:26 AM
J.D. Power conducts surveys to help potential customers gain insight into the level of satisfaction that consumers have with regard to companies with whom they have experience. They cover the gamut of commodities, from vehicles, to electronics, financial services, health-care, travel, insurance, telecom and yes... even homes.
They've announced the results for new home builders, which they break down by major metro areas. Here's the Phoenix area Top Ten (With regard to Overall Customer Satisfaction):
Click on the above link to see how the builders performed. You will also be able to sort the results by other categories such as: Overall … (15 comments)
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Chuck Willman, Arizona Realtor® 480.292.0600
Mesa,
AZ
More about me…
Gentry Realty
Address: 2812 N. Norwalk #101, Mesa, AZ , 85215
Office Phone: (480) 292-0600
Cell Phone: (480) 292-0600
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