Entries from May 2007
7/1 – Submit all construction plans and final plat to City 7/1 – Bid all plans
7/1 – Produce a quick fire plan and discuss with the fire inspector. (bid plan with grading plans)
8/28 – City Council zoning action
9/1 – Have conditional sales approval from DRE. (we can start sales because we should have the bids back)
9/10 – Close on property
9/15 – Place bank financing on the property
9/20 – Start grading
11/1 – Final plat approval by council
11/15 – Start model
11/15 – Final public report approval
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Happy Investing,
Kendall E. Matthews, CRMC
Phoenix, Arizona Investment Real Estate
P.s. Get my new e-book “101 Legit Tips To Boost Your Credit Score” Click Here to learn more.
P.s.s. Click here to receive my Free mini e-course for new and experience real estate investors. “7 Steps To Better Real Estate Investing.”
Categories: Conference Calls: Development Projects
As a seller, you’d prefer a nice clean, unconditional offer at full price, right? One way to encourage such confidence among potential buyers is to have an inspection report available during showings, as well as any receipts (or estimates) for repairs. Why order an inspection when the buyers will probably do so anyway? Because when you take the initiative and perform repairs before listing, you are basically presenting a clean bill of health for your home.
Prelisting inspections are becoming a popular way to give sellers an edge in competitive markets. Taking such action also provides a great opportunity to take care of problems that otherwise might come back to bite you. Buyers today are armed with more knowledge than in the past, and they recognize the security offered when the seller is forthright and demonstrating that there is nothing to hide.
These are the conditions that are more likely to produce that unconditional offer. While it’s probably a given that the buyers’ representative will encourage them to order their own inspection, you also have a greater sense of confidence knowing that there won’t be any surprises.
If you have any doubts about whether a prelisting inspection will improve your chances for an early sale, discuss it with your real estate representative, who will also undoubtedly have many other suggestions for successfully marketing your home.
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Happy Investing,
Kendall E. Matthews
Phoenix, Arizona Investment Real Estate
P.s. You can click here to learn about our investment strategies.
Categories: Articles of Interest
| Product Review:
“The Insider Secrets to Marketing Your Business on the Internet — VERSION 2007By Derek Gehl and The Internet Marketing CenterI’ve just finished reading the step-by-step guide considered by many to be the Internet marketing BIBLE – “The Insider Secrets to Marketing Your Business on the Internet VERSION 2007″……
And I have to tell you I’m completely blown away by the sheer volume of money-making information Derek Gehl has managed to pack in!“Insider Secrets” reveals the *exact* step-by-step formula the Internet Marketing Center (of which Derek is the CEO) has used to grow a $25 investment to over $60,000,000 in online sales.And it’s hot off the presses after being updated for 2007 with the very latest cutting-edge strategies for profiting online! In TWO 8″ x 11″ full color binders containing 800+ pages, broken down into 64 lessons, this system is packed FULL of:
- Step-by-step Internet marketing strategies for both Internet newbies AND experienced website owners
- Action Plans at the end of every lesson telling you the EXACT steps you need to take next
- In-depth case studies of successful e-business owners (like inner city kid Jermaine G., who raked in over $800,000 last year teaching people how to play the piano online!)
I’m really impressed by the combination of basic AND advanced website profit strategies Derek has poured into “Insider Secrets”…
… So if you’re a total Internet newbie, you’ll learn how to transform your hobbies and passions into a lucrative online business you can grow from scratch!
And if you already have an Internet business, the advanced sections of this system will show you how you can send your online profits through the ceiling!
After testing out a handful of the strategies myself, I was left speechless by how effective — and profitable — each one was…
In
“Insider Secrets VERSION 2007,” you’ll discover:
- FREE tools and resources you can use to easily build a website in less than a few hours – even if you have ZERO web design experience!
- How to develop a brand new product (for FREE!) in less than 2 weeks!
- The secrets to growing an opt-in list like crazy — even on websites that get almost NO traffic!
- Little-known, one-minute salescopy trick that can increase online sales by up to 714%… or more!
- How to recruit an ARMY of eager salespeople for zero money up front– you don’t pay them until they make a sale!
- The most lucrative, no-brainer product to sell on the Internet – how does 100% NET PROFIT sound?
- How to score a top ranking in the search engines and directories like Google, Yahoo!, AltaVista, ODP, AllTheWeb, Ask, and more!… And that’s barely scratching the surface!
 But Derek Gehl doesn’t stop there…
He also throws in FIVE super bonuses — including 4 resource CDs and one DVD – with additional lessons, examples, interviews, and website reviews!I give Insider Secrets VERSION 2007 a perfect 10 out of 10 without hesitation.
And the cool part is that you can take this step-by-step blueprint to online profits out for a test drive RISK FREE! To find out how, click here now… |
Happy Investing,
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Kendall E. Matthews
Phoenix, Arizona Investment Real Estate
P.s. You can click here to learn about our investment strategies.
Categories: Articles of Interest
When you’ve found the home of your dreams, you don’t want to delay in producing your offer to purchase, so it’s a great benefit to know what to expect in advance. While there is no foolproof formula for negotiating a fair price, you can begin by looking at recent sales in the neighborhood and comparing their list price to their final sale price.
If homes are generally selling at 5% below list, you have that starting point for determining your offer. Once a price has been accepted, it’s time to put it into high gear by obtaining your financing, scheduling a home inspection, and establishing a closing date. Your offer should be contingent upon securing a loan and a satisfactory “walk-through” before closing.
Earnest money, or the “deposit” on your purchase, will be placed in escrow. It will eventually transfer to the sellers, or will be refunded to you if any unsettled issues prevent the closing of the transaction. If major repairs are needed, the seller may fix the problems, or offer a reduction in price. With such a contingency clearly stated in your offer, you can walk away from the deal if the seller doesn’t comply.
As these few considerations are the tip of the iceberg, your best bet is to always work through intermediaries, whose objectivity and experience help guarantee a smooth transaction.
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Happy Investing,
Kendall E. Matthews
Phoenix, Arizona Investment Real Estate P.s. You can click here to learn about our investment strategies.
Categories: Articles of Interest
You might think that the living room or family room is the heart of your home, but in the eyes of potential buyers, there are at least three other rooms that will demand your attention as you prepare to sell your home for top dollar. Avoiding improvements in the following areas may cost you a lot more than the small investment it takes to impress buyers.
For buyers, the kitchen is often the most important area, and while you may not need to replace your cabinets, refacing or just sanding and painting will go a long way towards improving their appearance. If the floor is in poor condition, consider replacing it.
In the bathroom, fresh paint and new flooring are also fine improvements, but your greatest payoff might come from simply investing a couple hundred dollars in a new mirror and vanity.
The laundry room is often overlooked when it comes to improvements, but buyers will respond positively if you install built-in shelving and storage. If your laundry area isn’t flooded with light, consider upgrading the light fixtures. While you’re at it, that fresh paint and new flooring wouldn’t hurt here, either.
Trust me that if these three rooms are bright, neat and clean, it conveys to the buyers that you are a responsible seller with pride of ownership, worthy of a full price offer.
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Happy Investing,
Kendall E. Matthews
Phoenix, Arizona Investment Real Estate
P.s. You can click here to learn about our investment strategies.
Categories: Articles of Interest
As you consider buying your first home, you’ll get lots of advice, but you shouldn’t do anything without a complete understanding of your financial situation and how much home you can afford. So, where do you begin?
There are two parts to financing – the downpayment (generally 20% of the purchase price) and the balance (the remaining 80%). Secure the best interest rate by reviewing your credit reports and correcting errors, which are surprisingly common. Do this at least two months in advance of your home search, as that’s how long it can take to clean up your reports.
You’ll know exactly what you can afford by securing pre-approval from a lender, who will review your income, debt and credit, and suggest the loan best suited to your qualifications and needs. If you can put down more than the usual 20%, you may qualify for a higher loan amount. With less than 20% down, you might pay a higher interest rate or PMI (Private Mortgage Insurance), because the lender assumes a greater risk.
Consult a financial adviser about ways to raise the cash, like withdrawals from an IRA or gifts from your parents. Each has tax implications, so proceed with caution. With your financial house in order, you’re ready to discuss your desires with a real estate professional and begin your home search in earnest. Congratulations!
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Happy Investing,
Kendall E. Matthews
Phoenix, Arizona Investment Real Estate
P.s. You can click here to learn about our investment strategies.
Categories: Articles of Interest
