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The Real Estate Market is On the Move. Homes are literraly selling overnight with multiple offers right away and sellling over list price…
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Real Estate Acrivity is up! Pending Sales were up almost 5% in the last quarter of 2011, yet many are still concerned about the high unemployment, low consumer confidence and low builder confidence..
What you are hearing from the mainstream national media about Real Estate is only one small part of the story. For more information, please visit my Video Newsletter, the link just follows:
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Current Real Estate News, Interest Rates, Mortgage Advice, Question & Answers and much more. It is Real Time and this report changes weekly.
Mahesh Mike Patel Prudential Ca Realty email@example.com 714.470.8600
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MLS Photos Worth a 1000 words – Really?
So I was searching for some properties, and I came across these pictures. The photos below are actual pictures on the MLS!
Taking bad pictures is one thing, agents are not professional photographers, may not have the Right equipment, may be not the right time of the day….
I was amazed at this agents posting of these photos!!
There is not only one car in the driveway, but many… distraction.
Not sure what the tree picture signifies?
Six pictures need to be rotated 90 degrees left or right..
Are some of these photos actually NOT helping to sell this listing… which has been on the market for over 130 days!!
With the internet searched and media posting, great pictures are a must.
What is your take on MLS Photo posting…
It is a known fact that 90% of reitrees over age 65 are broke or need financial or medical help to get thru their daily lives.
We don’t want to be in that situation, do we? If we have not planned for a cash flow when we retire, and if we think we can rely on our social security income alone, then we are in trouble.
One of the biggest challenges that we have is to save money, let alone putting it into a retirement account.
It is also a well known fact that to be wealthy, one must be FRUGAL.
The thing with investing is that you have to be Frugal to begin with to invest, but by investing in Real Estate, you will become Frugal!
So here is a plan and a reason to invest NOW! By Now, I mean in the next 1-5 years, so it can give you time to save for the down payment.
The objective to invest now is to create cash flow when you retire!
So let’s say we invest in a house today in Orange County, CA. A typical house that costs $350,000$ is a 3 or 4 bedroom home with 2 or more baths,such homes can rent for at least $2000/mo.
So if you invest in this house now, meaning in 2012, it will be paid off in the year 2042. I can assume that that house will be well worth over $1,000,000 and the rental income will be at least $5000/mo! Keep in mind that when you invest, you just come up with the initial down payment, the mortgage is paid by your tenants! (you are using other peoples money to pay your mortgage!)
So assuming you are 35 years old now, in the year 2042, you will be 65 and at that age you will own a property that is paid for and worth at least a millionn dollars and you now have a cash flow of $5000/mo, easy money. If you have other income coming in at that age and you also have social security coming in you are well set for a rich and easy retirement years….
So to have a great cash flow at retirement, start now!… Use the time to build equity and let the propety appreciate.
Imagein if you invest in 4-5 homes and they are all paid off at age 65! Cash flow baby!!
I was just driving the neighborhoods of the city of Anaheim.
For some reason when I came up this street, I just had to stop and take a picture of this cul de sac street near the corner of La Palma and Magnolia.
This is a nice neighborhood of Anaheim, close to the 91 and 5 fwys. The homes have been here for over 40-50 years and a lot of the homeowners are well established and long time owners…
Well, have to drive on now…to other neighborhoods.
Do you want to work with a Good agents or a Great Agents?
Real Estate Agents come and go! 50% of all agents leave the business in the first year. Over 80% of the agents leave the business within 5 years. That leaves the Great agents working and in the business ever after. More than 80% of the real estate business is done by 20% of the agents.
So what makes for a Great Agent?
They are contributor’s They look out for the benefit of their clients first.
They are students. They keep learning and changing as the market and client expectations changes.
They are service oriented. They always want what is best for the clients first.
They are technology oriented. As the marketing, processing and communications change with technology, they catch on fast and keep with technology.
They have a great follow up system. They stay in touch with their clients and have them in the loop all the time.
They know the market they deal in. They keep up with the trends in the local market as well as the national market.
They are great at marketing. Not only do they market their properties, but also market their services.
They are community oriented. They help and care for their community with the many contacts and resources they have.
They respect their clients, peers and affiliates. This also creates for a great team work approach.
They believe in themselves.
Next time you buy or sell, feel free to work with Great agents. They are out there. They will Perform and Deliver to your expectations.
Mahesh Mike Patel Prudential Ca Realty
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More Business, Fewer Clients.
I have been in the real estate business for many years. I have tried all the tricks in the trades to get more clients all the time. In fact I have spent too much time chasing after new clients.
I have worked on For Sale By Owners, Expired listings, Open Houses, Just Listed and Just sold mail outs and drop offs, news paper advertising, craigslist postings, Facebook, twitter and Linked posts, blogging, and networking etc etc. Many times I feel like I work on these lead generation activities all at the same time and get overwhelmed! Lot of my time goes to new business generation, sometimes it pays off and sometimes it does not.
I went to a mixer/seminar recently, and the speaker quoted “More Business, Fewer Clients” This speaker is a heads a company that does close to $1 Billion per in sales! and they have less than 100 clients! That is when it hit me! Why am I chasing so many buyers and sellers, when I have gold in my database! Past clients, friends, and a great circle of influence.
Isn’t it true in any busines that 80% of the business comes from 20% of the people! It should apply to me as well.
Any suggestions and feedback are most welcome.
Mahesh Mike Patel Prudential CA Realty. www.mikepatel.com