Thu, 15 October 2015
in this episode of Valley of the Sun real Estate Show I am joined by George Cuevas and we cover some different ideas of how Realtor can help build their brand and market not only their properties but also themselves. the episode was origianlly recorded on Blab.im. if you have not checked it it you should. it is a great live streaming platform that is easy to use and is very engaging.
Sat, 25 July 2015
In this episode of Valley of the Sun Real Estate Show I spend some time with Jason Hartman and he shares his thoughts on purchasing a home, investment properties and leveraging to diversify your portfolio.
Jason Hartman is in the top 1% of agent in the country and owns his own bokerage company in Irvine CA and has been in reaal estate in one capcity or another since the early 80's. He has been purchasing investment properties all across the country and is an expert on what ot look for when doing so. If you are looking to purchase an investment property then you will want to hear what he has to say.
Wed, 12 November 2014
In this episode of Valley of the Sun Real Estate Show I will be joined by local Phoenix Realtor Javier Espinoza with Remax New Heights Realty and we will be going over the decision making process for renting and for purchasing a home. If you are undecided on what you should do then this will hopefully help you with your decision.
Extremely low mortgage rates and rising rents in Phoenix have led some people to dive into homeownership more quickly than they’d originally planned. However, others are choosing to wait. The truth is, there’s no one right answer when it comes to determining whether to rent or purchase a home.
There are a number of considerations you must make when making this decision. Renting and buying both present a number of pros and cons, and your own financial situation may be the biggest factor of all.
Pros & Cons of Renting
Despite the fact that you can’t build equity, renting offers you the most freedom and flexibility, especially if you are on a month-to-month lease.
Pros & Cons of Buying a Home
Homeownership is not for everyone, but there are some financial and emotional advantages that can be enticing.
Important Questions to Consider
1. How Long Do You Expect to Live There?
2. What Are the Costs of Buying?
How to Calculate Your Costs
To start, you need cash for an earnest money deposit when you make an offer on a home, usually anywhere from $500 to $1,000, or as much as 5% of the sales price. You also need to make a down payment of at least 3.5% of the home price with an FHA loan, or 5% to 20% with a conventional loan. On a $100,000 home, this will be at least $3,500.
In addition to your down payment, you have to pay closing costs – usually 2% to 5% of the home price depending on your local real estate market. Other costs of homeownership include moving costs, paying for inspections (such as a home inspection and a termite inspection), repairing or replacing appliances if necessary. It’s essential that you consider all these costs within the context of the cash you have available to you. The last thing you want, for example, is to live in an unfurnished home or one in need of repair, because you spent everything you had funding the home purchase.
3. What Are Your Future Plans?
4. Do You Have the Ability to Finance a Home Purchase?
If you’re considering buying a home, your first step should be to meet with a lender to determine whether you qualify and, if so, how much you can borrow. Your ability to qualify depends on several major factors:
If you fall short on any of the above criteria, you may be better off renting until you can improve your credit score and save more money.
Buying a home is a major decision that shouldn’t be taken lightly, but when faced with rising rent and low mortgage interest rates that make purchasing more affordable, you should take the time to consider the pros and cons of both renting and buying. Long-term homeowners, even those whose homes lost value during the recession, can build wealth that can be used to fund their retirement or pay for college. As long as you can comfortably afford your housing payments and are emotionally prepared to commit to homeownership, buying a home can be a smart financial move.
Thu, 2 October 2014
In this episode Mike Orr speaks about a Phoenix Housing Indicator that YOU don't know about. Jayson Bates, the lender who has been know to take a turn down and turn it arund into an approal will go over his opinion on the market as well.
Housing Formation. This is truly a leading indicator of where the Phoenix Housing market may be heading. If you want to know where housing might be heading then this is the episode for you.
Direct download: Phoenix_market_2014_with_Mike_Orr_take_2.mp3
Category:general -- posted at: 11:31am PDT
Thu, 11 September 2014
In this show I will let you know your options for purchasing a home after you have had a bankruptcy. If you have had to file bankruptcy and now would like to purchase a home then this is th eshow for you. I will go over what the lenders are looking for and what they will ask form you. I have helped many people who did not think that they could purchase a home after a bankruptcy and I would like to share with you what lenders are looking for so that you are prepared for the "You're approved!" and not the "We can not help you at this time". That is not something that anyone like to hear. So if you are looking to Purcahse a home in Arizona nd you have had a Bankruptcy then this is the show for you.
If you have any questions for me I can be reached at firstname.lastname@example.org or you can reach me at 602-573-3101. I would love to help you.
Direct download: Buying_a_Home_After_Bankruptcy_Podcast.mp3
Category:general -- posted at: 5:08pm PDT