Luxury Homes Weekly 364th Edition - June 17, 2017 |
| | Grab yourself a cup of coffee, and settle in -- there's a whole lot to report this week!
I was interviewed recently on Los Angeles and San Diego radio. I've been fortunate to do a lot of interviews after publishing my most recent book, No Nonsense Real Estate.
However, this latest interview was one of the very best. Two of the show hosts are CPA's, and one has been investing in real estate for decades. We covered a lot of ground, material that will be actionable for real estate investors and for personal real estate.
On a related note, Amazon recently invited No Nonsense Real Estate into their new Prime Lending program. Soon, it will be available to millions of Amazon customers for free. It's an honor to be one of the few non-fiction authors invited into the program. |
| | Funny story: I once negotiated seller financing for... THE CHAIRMAN OF A BANK.
Yes, someone who has an entire bank at his disposal, wanted to close a transaction with seller financing.
And the reason was, in his own words, he "didn't want to deal with the hassle." If the Chairman of the bank doesn't want to deal with mortgage hassles, what chance to we mere mortals have?
Clearly this tool known as seller financing has a lot of use, and yet it's relegated to the dark corners of the real estate world. A lot of agents have no familiarity, and consequently, their clients don't get the recommendation to utilize it.
Hence, why I call seller financing...
The Biggest Missed Opportunity in Luxury Real Estate
That's a bold statement, but it's not hyperbole.
The fact is sellers can get more money for their homes, and expand their pool of buyers, by offering seller financing.
Buyers who might otherwise not be able to buy, or who just dread the bank mortgage paperwork nightmare, are able to conduct transactions seamlessly.
I've used seller financing in good markets and bad. The best successes have consistently been in the luxury market, including numerous multi-million dollar properties.
Want to know more?
Also, I wrote a book about seller financing some years ago. If you'd like a copy, just reply to this email and I will send it to you. |
| | | | In other news:
The Federal Reserve raised rates again, which they had been promising to do. Wall Street yawned in response. Mortgage rates are up just 3 basis points on the week, despite 25 basis points of tightening. Who knows how long this will last, so get your low mortgage rate locked while you can.
Speaking of mortgages, did you know the zero down payment mortgage is back? Well, it has been for quite some time, actually. But there are more institutions adding this option. The HUGE difference between these zero down loans now and 10 years ago: high credit scores and high rates. So, no cause for alarm, yet.
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| | | REMINDER
The summer heat represents the best buying opportunity in our market. Every year, sellers get fatigued, and accept offers they would not have even considered in winter.
There is no denying that home shopping in 105 degree heat isn't fun. However, you can figure out many ways to cool yourself down and relax with the hundreds of thousands of dollars you'll save. |
| | OFF MLS - PARADISE VALLEY LOT FOR JUST $840K - Hillside with spectacular Camelback Mountain views
- Soil study
- Survey
- Architectural plans for a Frank Lloyd Wright style home
- Retaining walls and backfill = reduced cost of site preparation
Not is this a great lot at an unbeatable price, you can actually finish your new home a lot faster than on a lot where you're starting from scratch.
If you are interested, please reply to this email with the best phone number to reach you today.
Would you like to be notified immediately about off MLS listings? Click here |
| | Best Homes on Market
The best of the best in their respective categories, selected for quality and/or value.
Paradise Valley Well done Tuscan home on a cul de sac in the heart of Paradise Valley. Built in 2006 and remodeled in 2016, this 7,200+ sq ft home is very private, located on an oversize lot, with spot-on interior design.
Arcadia/Biltmore Lock and leave modern gem. This 3 bedroom home was meticulously remodeled to a high standard by the reputable Construction Zone. With this style and prime location, likely to be sold in a flash.
Scottsdale Located on the Scottsdale side of Arcadia, this 5,500 square foot home oozes charm. Turn-key move right in, homes like this do not last long in this area.
Deal of the Week Very cool modern style loft house in Scottsdale being short sold. If this home were in Old Town it would be $3 million, but it's farther east and it's just $1 million. |
| | Active Buyer Needs
Perhaps you've been thinking of selling your home, or know someone who is?
My clients are actively looking right now: - Hillside Contemporary Home with guest quarters in Paradise Valley or Biltmore. City views, high level of finish, and preferably in gated community or privately gated property - up to $4 million.
- Move-in ready Paradise Valley home under $1.6 million. Views would be preferred, willing to do very minor remodeling but nothing major.
If you know of anything, please reply to this email or call my direct line at (480) 442-7325.
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There are many thousands of listings on LuxeAZ.com. To help you find what you're looking for quickly: Please note that listings are sorted from newest to oldest. So you may bookmark these pages and return at any time to see the very latest listings. |
| | Thank you for reading this newsletter. Your comments and suggestions are always appreciated, and will be used to improve future editions.
I'll be back in next week with all the latest news and analysis.
Sincerely,
Alex
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| | | The bestselling book about real estate that's gotten rave reviews from readers all across the country. Topics include:- Selling your home for top dollar
- Demystifying housing statistics
- Critical elements of successful negotiating
- Closing and escrow explained in Plain English
- Financing, with or without a bank
Would you like a paperback copy with my compliments? Just reply to this email with your address and phone number. If you prefer Kindle, you may download from Amazon here. |
| | | A frank examination of real estate and business by Alex Goldstein and Brian Tracy.
Negotiating in good and bad markets, insider secrets from the real estate industry, and much more.
Would you like a paperback copy with my compliments?
Just reply to this email with your address and phone number.
If you prefer Kindle, you may download from Amazon here.
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Disclaimer: All information is believed to be accurate, but should be verified by the reader and is provided without warranty. Please consult appropriate financial, tax, legal, and real estate advisors before making decisions. This email is not intended to solicit people who are represented by another agent.
(c) 2017 Alex Goldstein PLLC
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