Category: Real Estate
Are you a real estate investor? Have your dreamed of being one? Now is the time to jump into the real estate investment market. With the number of properties in foreclosure and the number of short sales happening in California and around the country this is the perfect time to increase your portfolios worth with [...]
First-time homebuyers in Southern California are facing a deadline. Time is running out on the $8,000 tax credit. To receive the $8,000, first-time buyers will need to be under contract by April 30th of this year. If you had plans on taking advantage of this credit, you should already be seriously shopping for a home. It is tough times [...]
I have had many of my Realtor partners ask me what they can do to make their next open house productive and a winner. Having worked on the other side of the fence there’s nothing more frustrating than working an open house and watching potential clients walk away. I spend at least one weekend day [...]
California Governor Arnold Schwarzenegger signed a bill giving future California home buyers $10,000 in tax credits if they buy a home in California. You better hurry though…as the there is only $200 million in allocated tax credits! $100 million is set aside for buyers of “new homes and another $100 million is allocated for first [...]
Perpetrators mislead the homeowners into believing that they can save their homes in exchange for a transfer of the deed, usually in the form of a Quit-Claim Deed, and up-front fees. The perpetrator profits from these schemes by re-mortgaging the property or pocketing fees paid by the homeowner without preventing the foreclosure. The victim suffers [...]
Robert Kiyosaki’s bestseller, Rich Dad, Poor Dad1, has helped millions to create roadmaps to their financial goals. Central to his series is the notion of open-mindedness. Instead of sizing up a situation and saying, “I can’t afford that,” he suggests saying, “How can I afford that?” By reshaping the idea into an open-ended question, creativity [...]
The book, How to Win Friends &I nfluence People1, consistently makes the top five whenever there is a survey of most influential or inspiring books, and is often second only to the Bible. Dale Carnegie outlines – in very simple steps and examples – how to be nice without letting yourself get walked on. The section [...]
I once heard the expression, “Communication is the lubrication in your organization.” That couldn’t be truer, especially in the world of business. You simply can’t over-communicate when dealing with clients. I find that the best way to eliminate the constant state of reactivity in which most of us work is to employ proactive communication strategies, [...]
It’s a new year and I thought it important to review RESPA. I have numerous clients and Realtors ask me what type of referral fee I offer – In the spirit of RESPA I have to say none. In response I always get the name and company of the Realtor or Mortgage Originator that’s offering [...]
A new law that took effect January 1, 2007 may be of interest to those of you who own residential rental property. California Civil Code Section 1946.1 increases to 60 days the amount of notice a landlord must provide to terminate certain leases. To terminate a month-to-month tenancy or other periodic tenancy where the tenant [...]
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Average Home Prices Slip in Coachella Valley
I’ve been reading a lot of information lately about our current market conditions from other REALTORS® who are claiming an increase is sales price and number of homes sold. I would scratch my head and ask where they were getting their numbers. Turns out their numbers are coming from national statistics. Real estate sales are [...]
Mortgage Debt Tax Relief Program Ending Soon
The Mortgage Debt Relief Act of 2007 the IRS would not come after you for your taxable amount if you had an upside-down unpaid principle as a result of loan modification, short sale or foreclosure depending on your tax bracket, let’s say you were $100,000 short on your mortgage you could be responsible for as [...]
Is your REALTOR® connected? No, I don’t mean in the MobWives fashion, if that’s what you thought, you’re watching too much reality TV. As an active Palm Springs REALTOR® I believe it’s important to take advantage of the technology available to today’s real estate professional. Everything that required an agent to go back to the [...]
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