Thursday, December 13, 2007

Is Hiring a Buyer's Agent Important?

Watching Out for You, the Buyer
By Mary Ellen SlayterWashington Post Staff Writer Sunday, November 11, 2007; Page F07

If you're thinking of buying a home, one of your first decisions is whether to work with a buyer's agent.
As the name suggests, a buyer's agent is a real estate agent who represents the buyer in a home sale, as opposed to the listing agent who represents the seller. It's important to understand that just because an agent shows you a house doesn't mean she works on your behalf....read more.

My commentary


If you've read the article you probably reached the conclusion that it is a good move, provided the Realtor(r) has your best interest at heart. It is important that you are in control of the process and have the most complete information possible.

Many agents check the MLS and pick a few homes they think you want. They drive you over to each one and try to sell you one of them. The wrong person is in control.

Many buyers become frustrated by the difficulty in getting the information needed to make an informed decision about buying a home. They drive for hours on weekends through neighborhoods, scan the newspapers and go through the hassle of listening to endless sales pitches from agents over the phone. Some just quit in disgust due to the time and hassle of it all.

My VIP Buyer Profile System takes the hassle factor out of home buying. You receive complete listing information with addresses, maps, pictures, and background data via e-mail that is easy to use. You can pick through the homes that meet your needs, drive by the ones that interest you, and call me when you want to see one on the inside. You are in charge of the homes you want to see. And you are never obligated to buy a home.

Do you think it would help you to have inside information on the house you want to buy?

  • Would it be helpful to know what the present owner paid for the home?
  • When they bought it? What other homes in the area sold for?
  • What about other home-owners in the area not on the MLS that may need to sell?
  • What about good deals in Foreclosures or other distress sales?


I'm looking forward to helping you get a good deal on your next home.

For more information call 1(800) 474-2841 toll-free/ 24 hrs. or email me at Richard@Pomisel.com

Tuesday, November 13, 2007

Living Near Light Rail Can Be Shrewd Investment

Living near ( within 3 blocks) on either side of the Light Rail System may be a shrewd investment even in the current market downturn. The negative sales statistics in the media have disheartened many home sellers and buyers alike. The stats are a very broad survey of a very large area, this "Valley of the Sun".

There are neighborhoods that are holding and even increasing in value. This is one area that is attracting hugh investment. Why not buy a home or condo within 2 to 3 blocks of the Light Rail System in an upwardly moving neighborhood? That's the way people make money in Real Estate.

It is important to research your market position if you are planning to sell. It must be a specific study of your neighborhood. You may be in one of the good areas. If not, then you definately know where you stand and what effective strategies may get you the most money for your area.

For buyer's, they too must do their homework. A home may be very low priced. Why is that? What are the prices in the neighborhood? Is it a desirable place to live? Are the schools good? Even if you do not have children, the school's quality is very important. A good school system will improve your future sale position if you sell later on down the road. Where do you want to live?

Read more about the impact of the Light Rail System on business and Real Estate in a recent article in the AZ Republic.

Post your comment in this issue?

Best regards,
Richard Pomisel, e-Pro, GRI
Richard@Pomisel.com
1(800)474-2841 Toll-Free

Thursday, November 8, 2007

Smaller Home Price Spread Suggests Rebound

The shrinking spread between buyers' and sellers' expectations is a sign the housing market is correcting, and a rebound almost always follows a correction, particularly in the Valley. AZ Republic, Catherine Reagor. Read more...

As I have said in the past, Phoenix is a different market than anywhere else in the USA. We still have a large influx of people into this State. For every 2.5 people, one home is needed. The surplus will burn off faster than anywhere else. If you are buying, now is the time to make your move ahead of the pack. You will get a GREAT DEAL especially if you are planning to live in your new home for 4 or more years.

Financing is still relatively easily obtainable for good rates on fixed interest loans. Now is the time to have your credit checked by a lender. You will then know absolutely where you stand with no surprizes. This goes for everyone, even those that think they have no credit issues. There have been many instances of negative entries on the wrong person. When this occurs, it takes time to correct. The time to get your ducks in a row is now.
Get your FREE report " The Three Point Plan to Getting the Best Financing"

Best regards,

Richard

Wednesday, October 10, 2007

Best News in a Decade for Home Buyers

AP- Steeper Decline in Home Sales Predicted

Wednesday October 10, 11:38 am ET By Alan Zibel, AP Business Writer

Realtors Group Slashes Forecast for Existing Home Sales, Predicts New Home Sales Will Be Weak
WASHINGTON (AP) -- This year's decline in existing home sales will be steeper than previously anticipated, a trade group for real estate agents predicted Wednesday.
The eighth straight downwardly revised forecast from the National Association of Realtors calls for U.S. existing home sales to be 10.8 percent below last year as housing market woes persist. Sales of new homes, meanwhile, are expected to finish 2007 at the lowest level in a decade....read complete story

Wow...what a surprise!!?? If you had been thinking about buying a home and have been hesitant because of these home sales reports of doom and gloom, I submit that you are reading the stories from the WRONG point of view. If you were thinking about a quick fix and flip for a quick easy profit, you will have to wait a while. The housing market is not currently suited to that approach in most instances. It is buy smart and hold for the most part.

If you were planning to buy to live in the home for around 4 years or longer, now is the time to make your move. Your negotiating position has never been stronger. There are lots of homes and hence a great selection, WITH LITTLE COMPETITION FROM OTHER BUYERS. I put that in bold letters for a reason. This is why you will get a legendary deal today. When the masses finally figure this out in the next year or so...the market will get tougher again for home buyers. It is the law of "supply and demand".

The secret to getting the best deals is to act before the other folks jump on the bandwagon.

Why buy now Richard, why not wait for prices to drop more?


  1. Great selection. That is now. There will be a massive fall off in listings soon as frustrated sellers quit or decide that they don't want to give away their homes. There already are many frustrated Real Estate agents leaving the business from not selling their listings. Find your dream home easily without the hassle.

  2. Large number of motivated sellers that NEED to sell. They aren't getting large numbers of buyers bidding anymore. They are lucky if they get 3 or 4 showings in many cases.

  3. Low interest financing. These are the GOOD loans, not the stated income or adjustable interest rate ones that have made the news. You will lock in on a good interest rate now before a recession happens that will drive up the interest very high almost overnight.

  4. Tax savings now from home ownership. Each year that goes by, you loose tax deductions that could be in your pocket helping you get wealthy. Money has a snowball effect when it is saved due to compound interest. (*Consult your financial advisor for your specific situation)

  5. Increase in equity by reduction in mortgage through paying it down.
  6. Increase in home value over time. Home prices have steadily increased historically through wars, recessions and depressions.
  7. Live in and watch over your investment. Can't do that with stocks and mutual funds.

What do you think about this? I am interested in your opinion :-)

Monday, October 8, 2007

Pros fess up to their retirement-building blunders

This is a REAL EYE OPENER. These are the ones that had the courage to disclose this information to the public. I think there are certainly worse blunders that no one will own up to.

We all make mistakes. But when they involve retirement, serious mistakes can mean working till you drop instead of retiring in style. Invest too conservatively? You could fall short of cash in retirement. Too aggressively? A market downturn could wipe out your savings....read the full story here.

What do you think about this story? Let me know.

Find out how to buy a home or investment the smart way.

Have a Great Day,

Richard

Thursday, September 27, 2007

How to Entice Home Buyers in Today's Market

How to Entice Home Buyers in Today's Market - To sell your home today, the stars have to align favorably in the sky and you need to provide buyers with the right incentives.

Get your Free report "Get the Highest Price You Can When You Sell Your Home", click here

Need advice from a professional on your situation? Click here or call me at 1(800)474-2841

What is your opinion? I want to know.

Best regards,
Richard

On the Web at : http://www.pomisel.com/

Toll free: 1(800)474-2841

Thursday, September 20, 2007

What You Can Do to IMPROVE Your Home Affordability in AZ

According to a recent article in the Arizona Republic, homes and rents are becoming less affordable for the average wage earner even in the rural areas. Arizona's median home price climbed 85% since the year 2000 to $260,000 in 2006. The median household income of Arizona residents increased only 15% to $54,900, according to a new study presented at the Governor's Housing Forum.

There are many affordable homes out there with motivated sellers that are willing to make deals to sell their homes. In any given market at any given time there are people that must sell their homes and move. It could be a job transfer, divorce, illness, financial problems or other reasons.

If you are a potential buyer thinking about getting a home, now is the time to find out if you can. It does not cost anything to see a good reputable lender and have them do the numbers and get pre-approved for home financing. You will know where you stand. If you are short due to finances and/ or credit problems, don't let that stop you.

A good lender will show you the steps you need to take to improve your finances and/ or credit score. Right there, that puts you way ahead of the pack. Make sure that you get an action plan that shows you specifically what needs to be done to get your credit and/or finances improved. They are usually motivated because they want your future business. ***A word of caution here. Just as in any other occupation, there are good and bad. The key is finding a "good reputable lender".

The next thing to do is find a good reputable and patient Realtor that is willing to help you through the process of getting you ready to buy a home. That Realtor may also be able to help you find the "good reputable lender" to see in the first place. It is not in the Realtor's interest to hook you up with someone who is not qualified to help you in perhaps the biggest purchase of your life.

What do you think? Send me a post.

To read the complete news article "Home-affordablilty problem spreading" AZ Republic, click this link http://www.azcentral.com/news/articles/0912affordable0912.html

If this post has prompted any questions or concerns, feel free to contact me for personalized and confidential assistance by email me or call me toll-free at 1(800)474-2841.

Or visit my website www.Pomisel.com to prepare your own customized home buying plan. Click on the VIP All Access Icon to get started.

Have a Great Day!

Richard



Monday, August 6, 2007

Foreclosures on the Rise in Outlying Areas

A recent article in the AZ Republic addressed the rise in Residential Foreclosures in the new communities in the outlying areas of Metro Phoenix. What caused this problem? There are several factors that are responsible, many of which are occurring simultaneously.

Home buyers have long flocked to metropolitan Phoenix's farthest flung suburbs to get the most house for their buck.In the housing market, it's known as "drive until you qualify" - the farther out you go, the less expensive the homes.But where affordability and steady appreciation once enticed many to the Valley's edges, foreclosures are now forcing them out. Read the complete story.

Here is my advice to avoid this happening to you. Stick to the fundamentals. If you can't afford a home now without using a "tricky-dicky loan", you'll just have to wait, save more money, reduce your spending and increase your income until you can. In all fairness, many people lose their jobs, get hit with huge medical bills, get divorced or have some other unfortunate life event hit them that caused them to lose their home. Life happens.

If you are a potential home BUYER , there are plenty of good deals out there with or without Foreclosures. Now you have a much better shot at finding the home you really want because the selection to choose from has never been so large. To find those deals and BUY a home of your own or a good investment property, Click Here.

"Insider Real Estate Secrets Revealed"
...a must-read for Home-Owners and Renters!
It's a FREE 12-lesson course covering more than 20 topics
exposing the realities behind buying and selling a home. Click Here

What do your think about the article? Give me your two cents :)

Richard Pomisel
Realtor
1715 W.Northern Ave., Suite 100
Phoenix, AZ 85021
Toll Free:1(800) 474-2841
Mobile: (602)214-1166
e-Mail: Richard@Pomisel.com

Wednesday, August 1, 2007

10 "Must Do" Steps to Sell Your Home this Year

This article is an answer to the number one question I get from people who are thinking about selling their homes or tried to sell and were unsuccessful...this time. I hope that this article will be helpful to you. I look forward to your feedback.

10 "Must Do" Steps to Sell Your Home this Year - It's a buyer's market in most areas of the country so if you're selling your home this year, be prepared for a marathon, not a sprint. Following these 10 tips will help you sell soon.

Get more detailed information specifically as it relates to your home selling plans.

Each month, we publish a series of articles of interest to homeowners, renters, families, singles, and seniors -- money-saving tips, household safety checklists, home improvement advice, real estate insider secrets, etc. Whether you currently are in the market for a new home, or not, we hope that this information is of value to you. Please feel free to pass these articles on to your family and friends. Sign up today.

Richard Pomisel, e-Pro, GRI
Real Estate Consultant
Dan Schwartz Realty Inc.
1715 W.Northern Ave., Suite 100
Phoenix, AZ 85021
Toll Free:1(800) 474-2841
Mobile: (602)214-1166
e-Mail: Richard@Pomisel.com

Monday, July 30, 2007

Losses Pile Up for Home Builders-More Good News For Buyers

The article from July 26 about home builder financial losses is GREAT NEWS for home buyers. Are you a first time buyer? A Trade-Up buyer? After the beating buyers took in 2004- 2006, this is the time you have been waiting for. This is YOUR TIME BUYERS. Check out this article for real data...not just a feeling.

If you are thinking of selling and Trading Up, you could be in a good position to profit. How you ask? You may be giving up a little on price and/or terms, BUUUUT... you will be asking for concessions from the Trade Up seller to get a better deal for yourself. You can get more house than you could have in the frenzied times of 2004-2006. You will profit if the deals are properly structured. Always do the numbers before deciding.

Check out the article below. Your comments are appreciated.

Beazer Homes USA Inc. said Thursday it swung to a loss in the fiscal third-quarter after the homebuilder cut prices to spur sales and took major charges to write down the value of unsold inventory.

Losses pile on for Home Builders- AZ Republic- July 26,2007

Thinking of Trading up to a New Home? Click here for answers.

Wednesday, July 18, 2007

Good News For Homebuyers in the Phoenix Metro Area

Two recent articles in the Arizona Republic and it's sister AZCentral.com web site are very encouraging for potential home buyers. When I talk with some potential home buyers and they tell me the Real Estate market is bad now, I shake my head in disbelief as to how they arrived at that assessment. I say, "wait a minute". You are a HOME BUYER, not a HOME SELLER. This market is just what you have been waiting for.

But, you can't wait long. Yes prices will drop some, but you are losing lots of money in ownership benefits, and still making your landlord rich. What is in it for you to wait? Figure out the lost tax savings and equity buildup. Do the numbers then decide. A $20,000 drop in price will mean about a $133.00 drop in your monthly payment @ 7% interest on 30 yr fixed rate, or a latte a day ($4.43) at Starbucks.

My advice is, if you have a steady job and a little in savings, you can buy a home now at low interest rates and with seller concessions that can cover most if not all of your out of pocket going in costs. You don't need a big pile of cash in savings to buy a home now with safe fixed rate financing at payments you can afford. Stop renting and buy now before it goes back up again.

The Arizona Republic, July 12 - SE Valley home resale numbers continue decline. Traditionally June brings more home sales as families look to relocate before school starts. But that didn't happen this year.http://www.azcentral.com/community/gilbert/articles/0712tr-resales0713.html

AZCentral.com, July 11 – Realtors expect home prices to bounce back in 2008. The prices of existing and new homes are expected to bounce back next year after a dreary 2007, a real estate trade group said Wednesday.http://www.azcentral.com/business/homesales/articles/0711biz-homeprices11-ON.html

Visit my website http://www.pomisel.com/ for FREE information.
-Buy a Home With NO Money Down
-Free Lists- Distress Sales, Foreclosures, Fixer-Uppers, Bank-Owned, HUD
Richard Pomisel
Real Estate Consultant
Dan Schwartz Realty Inc.
Phoenix, AZ 85021
Toll Free:1(800) 474-2841
e-Mail: Richard@Pomisel.com

Tuesday, July 17, 2007

You Can Buy and Sell Individual Houses With an Self-directed IRA

Retirement planning is even more important than ever. Most of today's Retirement Plans are much different than the guaranteed pension income of our Parents and Grandparents. If you have a 401K, 403B, or IRA, you are now fully responsible for your investment choices and results. So, in addition to wearing your employee or business owner hat, you must be your own investment expert.

Most of today's investment experts stress diversification as a way to minimize risks of loss. Laws have changed. You are now allowed to invest directly in Real Estate, even purchasing and selling individual properties through your IRA. You are no longer at the complete mercy of the Stock Markets and Mutual Funds. Investing in Real Estate with a Self-Directed IRA can really kick your returns into overdrive. This recent article will give you some valuable tips. I look forward to your comments.

Diversify an IRA with Real Estate - A self-directed IRA allows the owner to invest in real estate, but the rules and risks are many.

Your Real Estate Professional,

Richard Pomisel
Real Estate Consultant
Dan Schwartz Realty Inc.
Toll Free:1(800) 474-2841 (save money on your call)
email: Richard@Pomisel.com

Visit my website http://www.pomisel.com/ for FREE information.
Free Report Fixer Uppers, Facts and Myths
Search for Great Deals in New Homes
Free List of Foreclosures and Bank Owned Properties
--And much more....

Wednesday, July 11, 2007

Should You Wait for the Pop?

I get a lot of questions about "The Real Estate Bubble"and it's effect on the Phoenix Metro Real Estate Market. Should I sell now or wait for prices to go back up? Should I buy now or wait for home prices to go lower? If your plan is to time the Real Estate Bubble to buy at the bottom...
you will not know you are at the bottom until the prices start going up. This article will give you some solid information on which to make your decision.


Should You Wait for the Pop? - If history is a guide, bubbles don't always burst; local recessions do that. More often, booms are followed by plateaus.

Find out how the housing bubble applies to home values in the Phoenix Metro Area.

Visit my website http://www.pomisel.com/ for FREE information.
-Free Lists- Distress Sales, Foreclosures, Fixer-Uppers, Bank-Owned, HUD
-FREE Seller Reports-Sell Your Home Fast And For Top Dollar
-FREE Over-The-Net Home Evaluation
-And much more...

Welcome To the Phoenix Metro Real Estate Blog

This Real Estate blog is for discussion and information sharing purposes for the Phoenix Metro Real Estate Market. View the last quarterly report for the Phoenix Metro Area from the Arizona Multiple Listing Service.

Obtain more information that applies to your specific situation or find out what home prices are in your area free and without obligation.

Your Real Estate Professional,

Richard Pomisel, e-Pro, GRI
Real Estate Consultant
Dan Schwartz Realty Inc.
1715 W.Northern Ave., Suite 100
Phoenix, AZ 85021
Toll Free:1(800) 474-2841
Mobile: (602)214-1166
e-Mail: Richard@Pomisel.com

Visit my website http://www.pomisel.com/ for FREE information.
-Buy a Home With NO Money Down
-Free Lists- Distress Sales, Foreclosures, Fixer-Uppers, Bank-Owned, HUD
-And much more...