gregg fous: My Own Ten Rules of Real Estate - 11/22/09 11:59 AM
You make money when you buy, not when you sell. Take your time buying. You only get once chance to do it right. This is the time you get to decide on the price. When you sell your buyer will decide, and many times you cannot control when you have … (6 comments)
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gregg fous: Five Things You Need to Know about a Condo Before you Buy - 09/27/09 09:25 AM
Who IS the developer? Florida has a very strict successive developer law. The developer that is responsible for warranties and liable for other major issues just may be a bank or some other investor and not the large developer that built the project. Investigate this thoroughly and get a good … (2 comments)
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gregg fous: The Longer the Drop the Higher the Bounce? - 09/27/09 09:23 AM
The Longer the drop, the Higher the bounce?
Two weeks ago I received and email from one of my readers telling me that he was glad I was a salesman and not an economist. My writings and indeed my attitude were much too optimistic for me to be an economist. I … (0 comments)
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gregg fous: How to Buy a Foreclosed Property - 09/15/09 01:01 AM
I'm sitting here this morning looking at, what in today's computer dominated world, is a blank sheet of paper: a white screen with a blinking curser standing at the ready, waiting for the words to come out slowly and with deliberation, originating from a brain that is anything but slow and … (2 comments)
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gregg fous: What's the next Superlative? In Real Estate I think it's Intelligent design. - 09/15/09 12:58 AM
I'm sure it started out way before I noticed it as a kid. I'm talking about the battle of the better-thans. There was a Dairy Queen in Emerson New Jersey when I was a kid. As a treat my parents used to take us there for ice cream. When ever we … (2 comments)
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gregg fous: Now its THINGS that are dependable, and People that Need Some Work - 07/12/09 08:07 AM
Now its THINGS that are dependable, and People that Need Some Work
Am I kidding myself or are things more reliable than people these days?
When I grew up in New Jersey we had a pretty cool basement that was divided into three general areas; the bar/tv room, the … (0 comments)
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gregg fous: What I look for in an Investment Home - 07/06/09 04:51 PM
When I am looking at investment opportunities in fixer upper homes I look at the following:
Good Bones. The house has to have a solid base, something to work with; I call it good bones, as in: " This house is old, but it has good bones." The home … (1 comments)
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gregg fous: What do you think of me? - 07/06/09 04:48 PM
This morning while I was reading the morning paper I had the TV on. The Fountainhead, by Ayn Rand was playing on Turner Classic Movies. The antagonist to Howard Rourk, Ellsworth Touhy, meets Rourk by chance at a construction site. For most of the book Touhy has been out to destroy … (0 comments)
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gregg fous: How to Buy an REO - 07/06/09 04:46 PM
How to Buy an REO
The topic is not how to find an REO to buy, nor is it how to determine what REO to buy. If you need help with these topics call me and let's sit down. What I want to talk about is how to buy the … (0 comments)
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gregg fous: Foreclosed Home Sale Process for the Bank - 07/06/09 04:42 PM
Here are Market America Realty and Investments, Inc. in addition to our traditional sales division, we are dealing with foreclosed homes. We take over the property for the bank, secure the property, do a BPO ( A formal Broker Price Opinion), order repairs, and supervise putting the home on the market. … (0 comments)
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gregg fous: Because it Was Made That Way - 07/06/09 04:40 PM
Foreclosures, Chinese Drywall, Commercial Real Estate "Because it was made that way" I grew up in a suburb of New York City, in a town where we knew all the kids in school and especially knew the when a "new kid" moved in. But it is was suburbia, not a farming town, so … (0 comments)
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gregg fous: Price vs Cost on Commercial Properties - 03/01/09 01:57 PM
"What's the Price?"
"What's the price?" is a straight forward question has many answers. The answer may be as simple as stating a dollar figure and as involved as a discussion on interest rates, square footage, cap rates, and opportunity cost.
I tell my sales people that they need to … (0 comments)
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gregg fous: Virtual or Actual Real Estate Market? - 01/18/09 09:05 AM
I love playing with my grandkids - especially games that open up their minds. I remember when I was a kid; I saw a painting of a knife that was so good it looked like a photograph. The title of the painting was "This is not a knife".
Reading the title … (1 comments)
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gregg fous: Southwest Florida is Clearing its Throat - 12/31/08 06:43 AM
Southwest Florida is Clearing its Throat
When I was a kid in Harrington Park, New Jersey, I got about one or two nasty colds a year. Here in Florida I get them about once every two years. I have no idea if this is a direct result the tropical location … (0 comments)
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gregg fous: 2009 - Where will the opportunities be? - 12/24/08 10:29 AM
2009 - Where will the opportunities be?
Today's e-letter is a long one. Before I dive into it I would like to thank all of you for your business and your support. 2008 has been a tough year; I am certainly looking forward to 2009. There will be many opportunities … (0 comments)
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gregg fous: Downtown Fort Myers on Sale? - 12/22/08 07:39 AM
On Friday Ron called me and asked me to walk over to Highpoint Place with him. He had seen an advertisement offering close out prices on developer owned homes. I had not seen the ad nor had I seen an email announcing the prices. (Turns out they never did an Email … (0 comments)
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gregg fous: Ten Motivational Tips - 12/21/08 07:41 AM
Some tips on Staying Motivated in this Market
•1. Act, don't lament.
•2. Look ahead, not back.
•3. Associate with winners, not losers.
•4. Make plans not excuses.
•5. Keep your eye on the ball, not the game.
•6. Ignore the static and concentrate on the music.
•7. Don't think about … (5 comments)
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gregg fous: If it Feels so Good, How could it be so Bad? - 12/05/08 07:43 AM
If it Feels so Good, Could it be so Bad?
Yesterday was Black Friday. Except I didn't go shopping, I went fishing. My brother Bill took my two grandsons, Adi and Jacob, my son in law Thatcher, and I out on his deck boat; Just the guys. You have to … (0 comments)
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gregg fous: Why use a full service Realtor when you can use the discount house? - 10/24/08 08:11 AM
Recently I was asked to comment on the feasibility of an "al a carte" MLS real estate service. This is a service that is made available to sellers of homes to buy (and pay for) just the services that believe they need in a transaction. It is posed as an alternative … (4 comments)
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gregg fous: Winston Churchill was one too! - 08/24/08 06:03 PM
Winston Churchill Was One Too
Why I am an Optimist- "I am an optimist. It does not seem too much use being anything else." - Winston Churchill
I was accused the other day of being the eternal optimist. Yes, accused. Like something is wrong with that. As in, "Oh, but … (4 comments)
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