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chandler: Chandler Foreclosure Flip Property Mark Organek - 01/14/09 05:09 PM
This is an investment property that I saw for one of my clients. I figured this will give others an idea of opportunities out here in Arizona.
Paul, here is the property that I have been talking about. You can pick this up, address the cosmetic issues and flip this pretty quickly!
Exterior shot of front of home and landscaping.
Master Bedroom
2nd Bedroom
Tile Workmanship & Hall Bath
3rd Bedroom
Hall closet storage and tile
CHECK OUT THIS MAIN LIVING AREA. IMPRESSIVE!!!
Kitchen with NEW STOVE AND RANGE!
Bonus room with toilet and shower!
Side yard and gate potential dog run
… (2 comments)
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chandler: REO's vs. miles around Phoenix Arizona... Which is greater? - 01/09/09 02:59 AM
I went from Phoenix Arizona all the way to...
You know the rest of the words!
Which grew by more today: The amount of miles on my vehicle or the number of foreclosures in the City of Phoenix?
Today, I went from Tempe to Mesa to Gilbert back through Mesa to Scottsdale to Tempe to Mesa to Gilbert to Chandler to Phoenix to my home in Tempe!!! A pretty long day viewing homes, picking up a listing, getting a key, hustling to the office, meeting at 6:00pm and then picking up my son in Phoenix. So, what's the big deal?
… (8 comments)
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chandler: Don't violate our industry with the unsupervised use of a guinea pig - 08/25/08 02:08 PM
What do guinea pigs and the Code of Ethics have in common? Article 11.
I'll paraphrase - If you can't provide service that shall conform to the standards of practice and competence which are reasonably expected, don't hire yourself out to do the job!
DON'T MAKE YOUR CLIENT THE GUINEA PIG!
Real estate has enough twists and turns without some inexperienced agent coming in and making things worse.
I've never sold an office building before - so if I get an opportunity to sell one, I have to put my client's needs first. It doesn't mean I can't take the … (7 comments)
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chandler: Down payment assistance will be eulogized no more. Solutions exist! - 08/22/08 03:46 AM
I hereby declare that from the 21st of August, 2008, I will move on from down payment assistance. Now, I'll focus not on bad-mouthing, I will focus on the solutions below...
Our politicians did what they did and come October 1st, things will be different.
Just like I would move on from a bad relationship - There's just no point in beating a dead horse.
Will things get bad? - If I let them. But, no more complaining from me!!! I'll let others complain while I help families buy and sell homes.
With home prices in more affordable … (28 comments)
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chandler: Did Congress cut off the nose to spite the face? - 08/20/08 01:43 AM
I'll keep this one short and sweet:
What will cause more damage to home values: Termites or Congress?
How many of today's short sales and foreclosures are FHA? Not many! - During the boom years, you couldn't do an FHA loan because the loan limits were lower than what homes were selling for. On top of that prices were rising so why would a seller give up a 3% donation, especially when others didn't need it due to the readily available 100% financing programs?
Now that we can agree that our market woes were not caused by FHA loans going into default...
It leads … (9 comments)
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chandler: There may never have been a real estate market situation as this! EVER! - 08/18/08 09:26 PM
With the impending end of down payment assistance, there may never have been a more ripe opportunity to "MOVE UP" or switch homes.
Sell now...Buy later!
A majority of transactions that have occurred in the AFFORDABLE price range lately have been FHA transactions.
Sell now...BUY LATER!
Many of these transactions involve Down payment assistance.
SELL NOW!!! BUY LATER!!!
Although the demise of down payment assistance programs is slated for October 1st, I just received word that in Arizona, a pretty active real estate market, down payment assistance programs are seeing their last days well before the October 1st to contract, … (12 comments)
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chandler: Even if we were at a bottom how long would it take to recover? - 08/18/08 06:03 AM
In a free market system, an agreement is made between two parties as to who is going to give up something to get something. The same holds true for the free market system and agreement to purchase that occurs during home sales. Regardless of market data. Each "thinks" they can do better but "knows" that something's better than nothing. Could price fixing slow down our recovery?
Studies are done to determine value in just about everything we buy:
Retailers determine mark-ups on clothing based upon demand (and a little "let's see what we can get away with" influence) Fast food joints … (37 comments)
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chandler: Wanted: Buyers for well-priced listings in Arizona - 08/17/08 11:59 PM
In today's market, with real estate doom and gloom everywhere, I notice exceptional bargains that would provide huge returns for the long term investor.
I've told many people about the latest and greatest "bargains" I've found out there and some are just downright underpriced homes.
They were such great values that I thought of putting together a separate page on my website for these special properties. It seems that I cannot do this so easily without getting the permission of the listing agent. The permission part wouldn't be so bad, it would be the accuracy side that I would worry … (7 comments)
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chandler: Investors wanted for long term renters. - 08/16/08 02:45 PM
Creating a win-win situation is easy when the market is in flux. The recent changes have brought on a new opportunity: Renters picking out their own home to rent while an investor buys it.
No longer needing to give up a lease-purchase option, investors can now purchase homes that pre-approved renters want to rent.
With so much inventory in the market, a renter defines where they want to live and the investor purchases the home, if it makes financial sense.
With many homes floating around the 120 times rent factor ($'s in rent x 120 = target purchase … (4 comments)
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chandler: Tempe, Chandler, Gilbert, Mesa, Ahwatukee and Scottsdale Road Closings - 03/28/08 05:01 AM
For East Valley residents in Arizona regarding important traffic update! If you don't live around here, skip this and go to the next post on Push those home prices down so we can all get along with our lives! below.
This weekend, the East Valley will be having rubberized asphalt and other freeway improvements done.
Since the real estate market is picking up, be aware of the weekend closures: http://www.eastvalleytribune.com/story/112346 Be safe with showings this weekend! … (2 comments)
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chandler: Push those home prices down so we can all get on with our lives! - 03/28/08 12:54 AM
A depression is either a long recession or a severe recession.
Let's see if we can avoid the depression by getting back to normal!
If agents can push housing prices down to levels that are fundamentally sound, and do this quickly, consumer confidence can increase. The increase in consumer confidence will in turn cause consumption to return to healthier levels.
As an agent on the listing side, your job is to get a property sold. There are two factors, price and time, that will be used to calculate customer satisfaction. Sell for higher than market in a short time-frame and … (16 comments)
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chandler: First Time Homebuyers: "Please handle with care!" - 03/26/08 11:15 AM
We as an industry need to show care and concern to protect the First Time Homebuyers!
When I ask a first time homebuyer, "What made you decide to purchase a home, now?" They usually respond:
"Well, the market has come down so much that I figured that this would be a great time to buy!"
Thank goodness I was able to get to them first before someone sacrificed them to an overpriced listing.
We've got to realize that we've got to protect this new wave of buyers from becoming cannon fodder for overpriced sellers. We have to spend time educating … (21 comments)
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chandler: FHA DPA's: Agents earn "sales" bonus of $250.00 to $650.00 using it! - 03/25/08 03:58 PM
In a market plagued with agents unaware of shifts in strategy, "know how" with FHA Down Payment Assistance programs could get you a nice bonus! Best part about it? It is a WIN-WIN-WIN situation.
SELLER sells their home! BUYERS go from rent to own! AGENT sells a listing!!
Now that FHA maximums have been increased, raise the price on your inventory and you move a home and get a bonus!
Buyers are looking for opportunity with low risk factors. Show the market how a home can be purchased easily and you increase your chances to sell. Show the buyers they can … (11 comments)
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chandler: Letter to tenants prior to listing an occupied home. Please advise! - 03/24/08 09:47 PM
Since there are so many great suggestive posts on AR, and since I have already benefitted by reaching out for agent suggestions on another issue, I hope to get some feedback that could better help the agents I help.
I have recently been asked by several agents for any assistance I may provide them in contacting tenants. The request was to help accomplish two objectives:
Inform them of their property possibly changing owners. To reach out and invite them to consider purchasing a home in a great buyer's market. Please provide any insight or recommendations as you see fit.
Here goes:
… (8 comments)
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chandler: Home Staging, Good Luck If You Don't Use a Home Stager! - 03/22/08 04:41 AM
I wrote this in reply to a comment that I made on a "Home Staging" professional's blog. I thought that this might help people better understand what home staging can do to help sell a home. In today's market, people better do what they can to make a home stand out. The feeling of "being home" that a stranger gets from properly planned rooms really does add an advantage. The post deals with the numbers. Substitute the typical area's quarterly market drop for the $5,000 as you see fit. Remember, I'm a lender and I see enough transactions monthly to see … (13 comments)
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chandler: What in the world is the Fed trying to do? - 03/17/08 08:39 PM
I'm going to warn you that this post will be a tough read and I welcome any questions or countering arguments.
Here goes:
Our economy is in a bit of a slide caused by a credit crunch/tightening of policies.
Because the amount of losses that will occur is still being underreported, there is investor uncertainty in the credit markets.
Usually when the Fed cuts rates, the stock market goes up because companies can expand because of cheap credit. Problem: If we're in a credit crunch, it doesn't matter how cheap you can make money cost, if no one is willing to … (2 comments)
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chandler: Google search results: Number 2 in Tempe, #'s 3&4 in Gilbert, Number 1 in Maricopa County - 03/14/08 07:26 PM
Here I am, ON TOP OF GOOGLE!! The top result on the first page!
Can you believe it?
I joined Active Rain last Friday, March 8, 2008 in the evening.
Active Rain participation truly works!
At first, my blogs were a big block of text. It is funny because I thought that I was putting some pretty good stuff out there. I should have known that if I don't have the patience to proof read it thoroughly, others won't have the patience to read the post.
I worked to get better and I was amazed by the results of … (18 comments)
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chandler: Tempe, Chandler, Gilbert, Mesa DOM UNDER 100 Days. The rest of USA??? - 03/13/08 12:28 PM
ARMLS statistics show nearly every ZIP Code's "Days on Market" for Arizona's East Valley home sales now under 100 days!!!
What's wrong with the rest of the country?
What about the 50,000 other listings currently sitting on the market here in Arizona? Oh, I forgot, the Days on Market is only finite for those homes THAT HAVE SOLD!!
Here's the Brazillion dollar question:
Have the other sellers and agents even identified what their lowest target price is?
Rather than run the risk of having a sales price of a listing spiral downwards out of control...
Rather than having to have discussions with your seller … (3 comments)
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chandler: Man, Could #1 in Maricopa County Have Been More Right? - 03/12/08 12:05 AM
I will submit to being banned for this. This is the best thing I've seen so far for a posting. If you agree, please say so:
(By the way, don't read and dash! It did hit the head on the money, didn't it?)
WHAT HOMEBUYERS WANT IN 2006
Just post wheter or not he hit the head on this? He got one comment on his post back in 2006. Maricopa County's #1 on AR Tony Marriott through all of his Active Rain involvement and collective learning
HIT THE NAIL ON THE HEAD!!!!
TELL ME WHETHER OR NOT "DIGGIN' IN THE CRATES PAYS … (14 comments)
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chandler: Goldilocks and the Three Houses - 03/11/08 03:57 PM
The Story of Goldilocks and the Three Houses
Goldilocks, while walking through the woods, comes across urban sprawl. Never seeing something like this before, she decides to take a look: She's seen homes before but there are three strange ones with white posts and hanging signs showing For Sale. "I wonder how much these are?" The first one was nice, but upon entering the home, she found out it was a short sale and said, "This one is priced low but I don't think my offer will get accepted. Afterall, it is a short sale and I hear those could take … (14 comments)
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Mark Organek - Las Sendas Homes for Sale REALTOR
Mesa,
AZ
More about me…
Solutions Real Estate
Address: 2353 E. Baseline Rd., Gilbert, AZ, 85234
Office Phone: (480) 838-6513
Cell Phone: (602) 790-0607
Email Me
Doing the best to provide insight and updates on various real estate, mortgage finance, financial planning and marketing topics.
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