Remember back in the day when the buying process entailed finding the home of your dreams?  When value was defined by the home that held the most value to you?

Boy I do.  I remember it like it was ... 2004, actually.

House ValueSee, in 2005, everything went nutty in Scottsdale.  With rampant speculative buying driving the market up, up and away, the average homebuying Joe stopped looking for a dream home.  He just wanted a house.  Any house.  If it took bidding against 8 other Joes, he did it.  He might not have ended up with his dream home, but so what?  He'd just turn around and sell it in a couple of years.  At the current rate of appreciation, it was destined to be worth a quarter million more by the time he would be clear of capital gains.  He'd cash in his lottery ticket, and go buy his palace then.

Flash forward through a lot of headlines and a lot of heartache.  While Joe languishes in a property that he can't sell, upside down and backwards, there is a new crop of Joes looking to buy Real Estate in 2008.  These Joes aren't particularly hung up on finding the home of their dreams either. 

They want a bargain

Not an everday bargain like you find at Ross or Mervyn's, mind you.  No sir.  They want the kind of bargain that can only be found by jumping turnstyles with an armful of men's medium v-neck microfiber shirts.  Teal.  The kind of bargain that interrupts the mall security officer's doodles on the back of his GED coursebook for a mid afternoon low speed golf cart chase.  We're talking theft, people.

Unfortunately, too often today's Joe does not stop to consider that he actually wears an XL, and he's really more of a beige Izod guy. 

The thrill of the theft seems to have become more important than the item lifted

 

  • I see Joes at the courthouse steps bidding on properties in towns of which this native has never heard.

 

  • I see Joes pounding on the doors of any house with a "foreclosure" rider on the sign.  Sure the roof is missing, and no one can adequately explain why the house smells of cheap dates and moldy bong water, but it's dirt cheap!  (Or should I say, cheap dirt?)

  

  • I see Joes scurrying for lists of bank owned properties, short sales and any other term that smacks of distress.  Who cares if there are no disclosures, will be no repairs, and the previous owner may or may not be holed up in the utility room with a shotgun, ill temper and a six pack of Schlitz?

 

Oh, but the marketing on these properties is ingenius!  The banks and their agents are modern day Pavlovs, ringing the "foreclosure!" and "bank owned!" bells.  Slap such a rider on a sign, and watch buyers drool.  Doesn't seem to matter whether the house fits their needs or not.  It's cheap!

"Let's get a great buy and wait for the market to rebound ... we'll sell it in a couple years and make a killing!" 

New buyers, same trap.

I do not specialize in short sales.  I do not specialize in foreclosures

I list properties for sale that feature real live owners who can make property disclosures and repairs.  Owners who typically have an equity position that allows them to price their homes competitively.  Owners who have maintained, and continue to maintain, their homes.  I list properties that will sell to the buyer who is looking for that perfect home at a great value. 

If you are looking for cheap, there is plenty of it out there.  Godspeed. 

If you are looking for value, come talk to me.

---------------------------------------------------------------------------------------------------------------------------

What do you think of the mockups for my new sign riders?  A few may require really small font.

"Non Bank Owned Property!"

"Working Toilets!"

"Non Meth Lab!"

"No Mystery Odors!"

"Absolutely, Positively No Dead Bodies On Premises!"

"Has Walls!"

"Seller Responds to Offers!"

"If You Are Close Enough To Read This Ryder, You Must Not Be Looking For The House Somewhere Near Guadalajara That Was Advertised For Auction"

"Boring Old Great House In Great Neighborhood At Great Price"

"This Neighborhood Still Reflects 2007 Prices Because People Actually Want To Live Here!"

"No Portal To Hell In Garage Floor!"

"Able To Price Competitively Because Little Old Couple Has Owned House For 30 Years And Has More Equity Than Rosie O'Donnell At An All You Can Eat Barbeque!"

 

 

 

Realty Executives

 

 

Your source for Scottsdale Real Estate since the dawn of time ... or thereabouts.

Launch your Scottsdale Home Search now!

 

 
This post has been included in Arizona Real Estate News Maricopa County, AZ Real Estate News Scottsdale, AZ Real Estate News
Post is included in group: Realtors®
Post is included in group: The Lounge at Active Rain
Post is included in group: Almost Anything Goes
Post is included in group: Dedicated Bloggers
Post is included in group: Blast from the past !

80 Comments on Your Scottsdale Non Bank Owned Property Specialist!

20 Most Recent Comments Displayed Show All

MAY
10
2008
329,973 Points 61 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Deb:  About as appealing to me as a trip to the sun in a spaceship made of ice.  I'll show and sell them when they are truly deals, but I'm not real keen on mucking through the filth on a daily basis.  Thanks for not killing me over the new pic ;)

Joey:  There are plenty of spots across the Valley here where bank-owned is the only stuff moving.  Those aren't the spots where most people want to be.  In fact, it's investors coming back in a big way that are buying that stuff.  In my neck of the woods, quality homes at (or let's face it, slightly under) market value is still where it's at. 

6:51pm • #61
MAY
11
2008
320,238 Points 11 Featured Posts Outside Blog

Hi Paul,  I woke up too early this mother's day and read your blog.  Laughed so hard I wanted to cry... and not its now time to go back to bed before the rugrats wake up!

5:23am • #62
329,973 Points 61 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Judy:  Have a terrific Mother's Day! 

9:41am • #63
MAY
12
2008

I like it. When I read this I thought "yeah thats me too" just didn't know what I thought until you penned it. 8)

12:39am • #64
329,973 Points 61 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Rob:  Funny, but that's how I tend to be with my thoughts as well.  They can be a jumble of confusion until I put them down on paper.  This whole blogging thing really helps crystalize thoughts and ideas for me.  Thanks for reading.

11:06am • #65
332,686 Points 5 Featured Posts Outside Blog

Paul, I love the way that you can find humor in anything. I am so glad to have met you.

9:27pm • #66
MAY
13
2008
196,672 Points 13 Featured Posts Outside Blog

What is really great about foreclosures and short sales is that new agents will get lots of practice writing lots of offers and the agony of defeat will be much more prevelent than say what an agent had to go through back in '05 when they were writing lots of offers and actually closing lots of deals.  See the difference here is that new agents will actually see that it's not easy to begin with so when it levels back out again....if they make it...they'll say, gosh, I remember when I first got started...real estate was hard! :)  Hugs! :)

2:07pm • #67
MAY
14
2008
2 Featured Posts

Paul,

I think you have a winner in the rider contest:  Non Bank Owned Property.  I love it!!!  Great post.

 

9:19am • #68
MAY
15
2008
247,610 Points 32 Featured Posts Outside Blog

Very creative Paul ! Any client in Scottsdale AZ is lucky to have you !

6:12am • #69
MAY
27
2008

Paul, your post impressed me with it's humor. Thank you for so much fun. Let me recommend you my favourite resource. Hope, you'll find some useful information about Real Estate there. I found mortgage calculators especially interesting. 

7:10am • #70
329,973 Points 61 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Darina, thank you for commenting.  I do ask that you remove the link to the site which advises consumers to skip the crucial step of working with a professional Realtor to protect their interests in the sale or purchase of a home.  As a working Realtor, I am a bit perplexed as to why you thought I would appreciate that link being placed on my blog.  I certainly don't advocate the purchase or sale of a home without professional involvement.  That's a recipe for disaster.  Suffice it to say that I believe I bring years of experience and dedication to protecting my client's interests to each and every transaction.  So the "Don't pay commission to sell your house!" proclamations on the site you link to kind of rub me the wrong way.  Kind of like my posting a link on your site saying "Don't get screwed, hire a Realtor!"  Again, thank you for the comment, but I'll be forced to delete it if you don't remove the link within the day.  Many thanks.

11:04am • #71
JUN
02
2008
329,973 Points 61 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

You are quite welcome, Jen.  Great to see you!  I know you have had some turbulence in your life lately, so I hope things have calmed down and that you are well. 

10:05am • #75
JUN
03
2008
818,377 Points 7 Featured Posts Outside Blog Called Shot Master

I do not specialize in short sales.  I do not specialize in foreclosures. - great line!  I am so sick of short sales.

8:09pm • #76
491,893 Points 36 Featured Posts Outside Blog

Adorable, just adorable! 

...And I don't mean just the Title, or just the blog.,,

You and your family are simply adorable!  (could your kids be any cuter?)

...Ah: the title and the blog are pretty good too! 

Thank you for the post!

I would like to invite you to our Optimist Group.   You will like it there and we will like you.  By the way, the token for getting into our group is to post some more pictures of your beautiful family!

 

8:20pm • #77
JUN
04
2008
329,973 Points 61 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Georgina:  You really only have to be involved with one to be tired of them.  My buyers and I have made a pact to stab each other in the eye with a dull number two pencil before opening that can of worms again.

Mirela:  You've got yourself a deal!  Not only am I an optimist, but I am a proud papa who likes to show off his kids.  I'll be sure to join the group, and I'll have the family in tow.

6:31pm • #78
JUN
06
2008

"non meth lab" could be a particularly useful one!

I believe you have forgotten "I don't have to market this home as Vintage"

12:24pm • #79
JUN
09
2008
6 Featured Posts

It's too funny that these scenarios are the "exception" not the rule! 

More equity than Rosie O'Donnell at  an all you can eat buffet-lol  You must have been hangin' out with The Donald lately! ; )

1:47am • #80

20 Most Recent Comments Displayed Show All

Login or register to leave a comment

 
Paul Slaybaugh, Scottsdale AZ Real Estate (Realty Executives) Rainmaker_large

Paul Slaybaugh, Scottsdale AZ Real Estate

Scottsdale, AZ

More about me…

Realty Executives

Address: 10607 N. Hayden Rd 100, Scottsdale, AZ, 85260

Office Phone: (480) 948-9450

Cell Phone: (480) 220-2337

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog