Real Estate Blog - MIA on Active Rain! Where'd I Leave Off! What Have I Missed?

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MIA on Active Rain! Where'd I Leave Off! What Have I Missed?

I've truly been "MIA." I haven't posted in almost a MONTH!!! Part of it is 'cause I'm busy -- writing MULTIPLE offers in order to get my buyers a house. Part of it is 'cause I'm just outta the habit. I can always find something to say, so it's not that - so I'm trying to be more diligent here on the Rain!

I miss you all - really I DO!!!

Now, a little about what's going on in the Phoenix, Mesa, Queen Creek, Gold Canyon areas! Lots of bids, cash buyers Questions and INVESTORS!!! The headlines in our paper recently shouted "THEY'RE BACK!!" One investor with a million dollars purchased several properties to rent out.

So? The next problem to come down the pike would be an overabundance of rental properties. Many call on a weekly/monthly basis to find a rental because they've lost their home - so, that probably means having rental property CAN be a good thing, BUT "too much of a good thing, perhaps."

Our inventory is down, and we have buyers, and sellers are more realistic...BUT we all hold our breath until the appraisal comes in.

So, those of you who have been better than I have lately, what's new on the RAIN?

Mesa, Arizona Real Estate. Call me at: 480.216-3334 for information on purchasing or selling a home in Mesa, Arizona or surrounding towns. OR email me: Teri@TeriEllis.com. Feel free to visit one of my websites: HomesAzRE.com, ServingMesaArizona, MoveToMesaAz.com or MoveToSunnyAz.com. Or stop by my blogs at: MesaAzRealEstateVoice; or Phoenix Valley Real Estate Blog

Mesa, Arizona Real Estate. Call me at: 480.216-3334 for information on purchasing or selling a home in Mesa, Arizona or surrounding towns. OR email me: Teri@TeriEllis.com. Feel free to visit one of my websites: HomesAzRE.com, MoveToMesaAz.com or MoveToSunnyAz.com. Or stop by my blogs at: MesaAzRealEstateVoice; Phoenix and Mesa Real Estate Blog; Phoenix Valley Real Estate Blog

Posted by **Mesa, Arizona Real Estate** Teri Ellis, Broker, CRS, ABR, GRI, ePRO on 06/16/2009 09:14 PM

Comments (31)

Investors Are BACK! in the Real Estate Market Channel

investors are back, phoenix and mesa, arizona, appraisals, multiple offers

Originally posted at: Mesa, Arizona Real Estate - Teri Ellis - Homes Arizona Real Estate: MIA on Active Rain! Where'd I Leave Off! What Have I Missed?

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31 Comments on MIA on Active Rain! Where'd I Leave Off! What Have I Missed?

JUN

Teri ???? ... Is that you ????

Wasn't sure as I havent seen your little profile pic in quite some time !?!?!?!?!?!

LOL....

Glad you have been busy ... we're all still here !

Cheers !

Sheldon :o)

... oh I did get a new little gray square badge while you were gone !!!! :o)

Teri, I have been wondering where you were. I'm glad to hear it is business that has kept you away. I have been busy also which is a good thing! Way too cool having our son live with us right now also.

Nice to have you back....it's easy to get caught up and get behind, for me anyway. Then I feel like I have missed so much too. There just seems to be an over-abundance of things happening in the "rain", I am afraid we will never catch all the way up.

Hi Teri,

Good for you, glad to hear you've been so busy. Haven't posted much myself lately, working with clients myself.

Teri - Welcome Home! Glad you are back! Taking a few LOA's is certainly allowable and understandable! Sometimes we we all need a little time off and you are entitled to your's! I hope you enjoyed!

Hi Terri, I've been MIA myself. We get caught up in this thing called "real estate", get busy....which is good, or just working like crazy to keep loving what we do in this strange market. I've missed a lot myself, I must get in the groove again.

Teri - It's was so nice to see you pop up in my subscriber list!!! I surely have missed you but happy that it was due to being busy. I'm sure you'll see a lot of new faces as you get caught up in the "rain". Psssttt....I got one of those little grey square badges like Sheldon did too while you were away!

TERI..It is so good to see you again..Better to be busy and making money..The lady in Red is back..

HelpfulHannah your friend in Philadelphia

It is great to be busy isn't it Teri!! I have been busy myself and have not been as active either although I did manage to get my market reports out.

Hey there Teri, you are in good company! Life got busy, business got busy, and when there just aren't enough hours in the day to get things done, something's gotta give! I havn't been on here much either, and I have missed it too!

Teri,

Glad to see the lady in red is BACK!

Too many rentals you say? There has to be a solution to that!

Hi Teri. Welcome back. As you can see from the comments many of us have been busy too, and neglectful of "the Rain". Hopefully you will be able to pick up where you left off without missing a beat.

Teri - It's good to see you back. Your market sounds similar to ours.

Sheldon, ;-) smooch....

Marchel, been busy - mostly spinning my wheels - I'll be glad when we have smoothe transactions again.

Tina, so much...to learn and follow and do....;-)

Lynda, good to hear it....;-)

Lisa, I have been taking some minutes away....great!

Jacqueline, just keep on doing and doing...;-)

Donna, you've been busy I see. Congrats! ;-)

Hannah, makin "some", but not enough for the time and energy spent, huh? ;-)

Bill, it's good to be busy, but I've been a bit lazy too....;-)

Janna, actually been reading - again. Novels for a change, not just educational ;-)

Sheila, we'll have a glut of rentals which will then create more problems...;-)

Bob, but we all come home, don't we? ;-)

Myrl, I think we're all in the same boat...;-)

You speak the truth, Teri. The last three offers I have written have been on bank properties. In all, they totalled 92K over list price. Amazing, that only netted me 1 for 3 results. Half of our market is like 2005 at half the price. The other half of our market is simply stagnant. Overpriced resale homes that can't/won't compete. Strange times, indeed. Working 12-14 hour days, and still having a hard time planting my buyers due to the extreme competition for the best properties. Good for the market, tough on us.

Teru - we have missed YOU. But being busy is GOOD. You have to wonder where it will all lead. There are more investors/cash buyers here. They don't face the risk of appraisals adn such, although you wonder if the market will end up with too many rentals at some point. The bank and short sale propeties are a major challenge here too. Multiple offers on almost all distress sales and many over asking, at least at the lower end of the market.

Jeff

Paul, very tough.....and very tough on our buyers hoping to pick up a good deal!! I'm now on the third offer for an $85,000 buyer....;-) and it's a referral from a Rainer. ;-) I think the thought that Realtors don't earn their money has gone by the wayside.....;-)

JUN

Jeff, thanks for the notice. We're still trying to get those lower priced homes. ;-)

Teri:

Call up my old friend and recent colleague, Gary Lindberg, now living in Queen Creek and recruite him back into real estate.

Teri - I was MIA for a while too! Hey, business happens, right? Glad you are back and that you were gone ONLY for good reasons!

Welcome back! I have to admit, I have been commenting, but not posting. It is hard once you get out of the habit, figuring out what to write and when.

It isn't like a book, you write when you do and when your finished you are finished. Blogging is an ongoing process that never ends and the public wants fresh content!

Morning, Teri! I've been MIA for quite some time too, like many others here. That doesn't mean I don't think about my AR friends, especially those that wear red and bring a smile to my face :)

Teri that my friend is a great reason to be MIA.

Been busy here too for about a month. So haven't been on as much. I think I broke my addiction by only commenting 10 times on many days.

Teri: OF COURSE we missed you. I assumed it was mainly because you were busy.... I've been busy too and what a sweet feeling that is, isn't it?

Don't feel bad about not posting, though... business is much more important! Cheers!

Hi Teri - welcome back, stranger!

Glad to hear everyone is getting back to busy - I've seen an influx of Canadian buyers as clients - purchasing vacation homes as well as income-producing vacation rental properties. Woo woo!

Sharon Kotula
Argent Decor
Phoenix Vacation Home Furnishing & Home Staging
www.ArgentDecor.com
sharon@argentdecor.com

Jim, why did he retire? ;-)

Leesa, yep, only for GOOD reasons! ;-)

George, commenting is a good thing too...I'm going to be better about that at least. ;-)

Lisa, ;-) BIG hugs.....

Missy, I needed to break my addiction...the world DID NOT fall apart when I did! ;-)

Kat, I need to be around more often though to see what's happening with my buddies. ;-)

Sharon, great news,....;-)

EVERYONE: Gosh, it's good to know I've been missed and welcomed back - AND - that you've all been busy! I plan to be commenting at least, and posting blogs as often as time allows.

Must have been in the air- I haven't been here much either! And now I have blogger's block.

Teri - It is really good to see you. I am delighted to hear that the reason you were MIA is because business is so good.

JUN

Glad to have you back! By the way a little over 3 weeks until the big day and two weeks until I tell my wife.

Todd Clark - www.LivingBeaverton.com

Lady in Red - Glad to see you back... I was starting to have withdrawals because it seemed like all my AR friends in Az where MIA. Being busy - good problem to have. St. Louis has picked up the pace - 3 new listings today alone.

JUN

Hi Teri, Glad to see you back! Happy to hear that business is going so well for you and keeping you busy. Take care, Nice post.

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