I remember the days when you took a customer out,showed a house,and the next step was to roll with the paperwork .(once they found a house that fit their needs.)Today I find myself having my customers sit w/ a lender first and get a pre-approval (not a pre-qual)awaiting appraisal prior to even scheduling appointments to preview homes.I have cut the time wasted working with buyers that are not qualified,saved attorney's time,and can be assured that my customer will be researching homes in their budget..How many possible transactions fail these days due to mortgage issues? Hopefully with FHA reform right around the bend a large sector of the population will again qualify for affordable programs.  

 

 

Fair and Honest dealing… Passing on a listing
01/30/2008
share
I met with a potential client yesterday He purchased his home 3 years ago for $560k. I noticed the FSBO sign at the corner was worn and weather beaten. I had run comps and prepared a CMA. My opinion was the house is worth 470k-490k. When we began… more
GETTING BACK TO BASICS… Sit at the table and discuss your needs.
01/29/2008
share
At the begining of every year I reflect back to see what I could have done to generate more business. This weekend I was working w/ a handful of customers and clients. I found myself engaged in numerous conversations about the current market… more
FLIP TO WIN PART 6 OF 6.. FINANCING THE UNFINANCABLE
01/28/2008
share
STEP 6 FINANCING THE UNFINANCABLE LETS SAY YOU COME ACROSS A WONDERFUL OPPORTUNITY TO PURCHASE A HOME THAT IS IN SUCH A DISTRESSED CONDITION, THAT IT'S NOT MORTGAGABLE. YOUR FINANCES MIGHT NOT ALLOW YOU TO PURCHASE ALL CASH WELL, THERE ARE… more
FLIP TO WIN PART 5 OF 6.. assessing the work
01/28/2008
share
STEP 5 ASSESSING THE WORK ON THOSE UGLY HOUSES. I AM A STRONG BELIEVER IN DELIVERING A QUALITY PRODUCT AT RESALE. ASSESSING THE AMOUNT OF WORK AND MATERIALS TO USE CAN BE TRICKY. START BY LOOKING AT THE NEIGHBORHOOD YOU PURCHASED YOUR FLIP IN. DO THE… more
FLIP TO WIN PART 4 OF 6.. RISK VS. REWARD
01/25/2008
share
STEP 4 RISK VS. REWARD SPECULATING(FLIPPING) REAL ESTATE HAS MANY REWARDS. WHEN I FIRST GOT IN THE BUSINESS I HAD VISIONS OF MAKING A MILLION DOLLARS THE FIRST YEAR. I HAD NO IDEA OF THE AMOUNT OF WORK IT TOOK JUST TO SEE ONE HOUSE THROUGH CLOSING… more
FLIP TO WIN PART 3 OF 6. THE NUMBERS NEVER LIE
01/24/2008
share
STEP 3 THE NUMBERS NEVER LIE WE HAVE ALL SEEN THOSE T. V PROGRAMS THAT GLAMOURIZE FLIPPING. I WISH IT WAS SO EASY THAT EACH AND EVERY HOUSE THAT WAS PURCHASED WITH INTENT TO FLIP YIELDED SUCH A LARGE MARGIN. INVESTING REQUIRES LOTS OF DUE DILIGENCE… more
FLIP TO WIN PART 2 OF 6
01/23/2008
share
STEP 2 PICKING A DEAL FROM A DUD. THE SEARCH IS ON LOOKING FOR THAT PERFECT FLIP!!! DECIDE ON A TARGET AREA THAT INTERESTS YOU. DO SOME DRIVING(LOTS OF DRIVING) THROUGH THE NEIGHBORHOOD. ALL THE WHILE LOOKING SIDE TO SIDE FOR HOUSES THAT ARE… more
FLIP TO WIN PART 1 OF 6… A STEP BY STEP APPROACH
01/22/2008
share
FLIP TO WIN! A STEP BY STEP APPROACH OF WHAT YOU NEED TO KNOW WHEN BUYING TO FLIP. IN THE PAST 10 YEARS THERE HAS BEEN A FLOOD OF NEW INVESTORS WANTING TO BECOME INVOLVED IN SPECULATING REAL ESTATE. DURING THE COURSE OF THE NEXT WEEK I WANT TO… more
Todays Featured Listing 1/18 /08 Just arrived 2 family Priced for…
01/18/2008
share
JUST ARRIVED THIS AFTERNOON GOOD CONDITION 2 FAMILY HOME 5 OVER 5 PLUS LARGE FINISHABLE WALK UP ATTIC. FULL SEMI FINISHED BASEMENT W/ 3/4 BATH AND SUMMER KITCHEN. OWNER IS MOTIVATED AND READY TO MAKE A TRANSACTION OFFERED AT $365, 000 THIS 2… more
 
Ron_pic

Ron Molcho

Staten Island, NY

More about me…

American Homes of S.I.

Address: 145 Beach St, Staten Island, NY, 10304

Office Phone: (718) 981-3400

Cell Phone: (917) 531-1100

Email Me



Links

Archives

RSS 2.0 Feed for this blog