To the ones that defend my rights to be what I want to be. . .
To the ones that defend my rights for opportunity
To the ones that valiantly fight to keep my family safe. .
Thank You Thank You Thank You
If you have family in the military.. . .also, I want to thank you for your sacrifice
MERRY CHRISTMAS from my family to yours. . .
Monday, December 17, 2007
Saturday, December 15, 2007
SURPRISE. .
REVELATION
Historical Real Estate Prices
Average Median Price
All the way back from
1967 – to Present
Drag your mouse at “START”
Left click pressing . .
Take mouse to
To the TOP
In 2008 DO NOT COMPLAIN! REAL ESTATE ALWAYS GOES UP!
2007-$300,000
1997- $150,000
1987-$100,000
1977-$45,000
1967-$35,000
START
Historical Real Estate Prices
Average Median Price
All the way back from
1967 – to Present
Drag your mouse at “START”
Left click pressing . .
Take mouse to
To the TOP
In 2008 DO NOT COMPLAIN! REAL ESTATE ALWAYS GOES UP!
2007-$300,000
1997- $150,000
1987-$100,000
1977-$45,000
1967-$35,000
START
Buy Real Estate 30 CENTS ON THE DOLLAR !!
BUY REAL ESTATE 30 CENTS ON THE DOLLAR
My Take in Bulk REO ( Real Estate Owned) purchases from BANKS
There has always been institutional buyers of Bulk REO Portfolio's in the past. They negotiate with banks directly and receive substantial discounts when they purchase REO packages sometimes paying as little as 50 cents on the dollar. The reason for this is because they have the capital and resources to purchase Bulk REO Packages of $10 million dollars ands sometimes more per transaction. Banks holding these foreclosures in their possession want a quick solution and they favor these institutions over single lonely investors like you and me for obvious reasons. The sub-prime crisis has created a bonanza of opportunities and companies. They specializing, quickly I may add in pooling money from Mom & Pop investors like you and me to buy a huge chunk of foreclosures in one single step. A caveat is that as an investor, you basically do not have ownership of one or two properties but. . The group of investors own ALL the properties and share in the profit or losses of each acquisition. There is no hands on involvement form you as a real estate investor and essentially it is just like buying stocks in a mutual fund that uses 100% of the money to buy a bundle of REO's and pay the fees.
Buyer beware, I noticed lately a huge increase in companies coming up with crazy unsubstantiated claims that they can purchase properties as low as 30 cents on the dollar. After they take your money and 6 months later, you may find out that your money was not buying REO's but purchased a nice Villa in Costa Rica for the scam artists.
I recently decided that I should get in the action and went after information to do just this; to purchase bank foreclosures from a bank. I found out that the capital needed was upwards of the ten million range. I can always put my money with a company that specializes on this . . but I lose control. I can see the potential for enormous profit, but for now, I will stick out and rely heavily in my real estate experience.
As a Realtor that loves to put together a purchase for my investor clients There is no better satisfaction than a high five to my client four months later . . .after leaving the closing table with a big fat check and the knowledge that I just got another client for life!
If you are looking for a investment property, a rehabber, a short sale of just want to find a bargain home for you and your family, in Maryland, DC or Virginia there is only one numebr you should call, 240-426-5754 and talk to Fernando.
Our Website: http://www.herboso.com
My Take in Bulk REO ( Real Estate Owned) purchases from BANKS
There has always been institutional buyers of Bulk REO Portfolio's in the past. They negotiate with banks directly and receive substantial discounts when they purchase REO packages sometimes paying as little as 50 cents on the dollar. The reason for this is because they have the capital and resources to purchase Bulk REO Packages of $10 million dollars ands sometimes more per transaction. Banks holding these foreclosures in their possession want a quick solution and they favor these institutions over single lonely investors like you and me for obvious reasons. The sub-prime crisis has created a bonanza of opportunities and companies. They specializing, quickly I may add in pooling money from Mom & Pop investors like you and me to buy a huge chunk of foreclosures in one single step. A caveat is that as an investor, you basically do not have ownership of one or two properties but. . The group of investors own ALL the properties and share in the profit or losses of each acquisition. There is no hands on involvement form you as a real estate investor and essentially it is just like buying stocks in a mutual fund that uses 100% of the money to buy a bundle of REO's and pay the fees.
Buyer beware, I noticed lately a huge increase in companies coming up with crazy unsubstantiated claims that they can purchase properties as low as 30 cents on the dollar. After they take your money and 6 months later, you may find out that your money was not buying REO's but purchased a nice Villa in Costa Rica for the scam artists.
I recently decided that I should get in the action and went after information to do just this; to purchase bank foreclosures from a bank. I found out that the capital needed was upwards of the ten million range. I can always put my money with a company that specializes on this . . but I lose control. I can see the potential for enormous profit, but for now, I will stick out and rely heavily in my real estate experience.
As a Realtor that loves to put together a purchase for my investor clients There is no better satisfaction than a high five to my client four months later . . .after leaving the closing table with a big fat check and the knowledge that I just got another client for life!
If you are looking for a investment property, a rehabber, a short sale of just want to find a bargain home for you and your family, in Maryland, DC or Virginia there is only one numebr you should call, 240-426-5754 and talk to Fernando.
Our Website: http://www.herboso.com
Sunday, December 9, 2007
FIVE REASONS Why Should You Buy A Home For Investment Right Now. .
Buying a home can mean building significant equity value through the years. Yes, it’s been a rough 2007 for most of us. . but the “ Law Of Gravity” for Real Estate has always been upwards.
You should think carefully about how much you can afford to spend and consider that guidelines from banks are now very tight. .and consider that today, INTEREST RATES are at it's LOWEST since 2004!
Working with your lender is a good way to determine how much house you can afford to buy to keep focus. . Most lenders would welcome an exclusive meeting with yourself to advice you in countless options as far as money is concerned. Take advantage, use their experience. I promise you they aren’t busy right now and they will even do research for you.
Inventory is at historic levels. . . . If you can convert your current home to an investment property and buy your dream home today. . .you will be in an enviable position to upgrade your castle at rock bottom prices. In addition your mortgage payments will be low because of the current interest rates.
Schools, taxes, services, crime rates, transportation, and zoning are important considerations when selecting a neighborhood. By choosing us to represent you in buying your next home, we will consult with you to help you find just the right property for you.
Monday, November 19, 2007
How Far We Would Go To Sell Your Home. .
It's insane that you want to tackle selling your home on your own theses days. You need a FULL army of marketing professionals to get yourself noticed. . some times it feels that there is only one buyer for every 20 houses in the market today.
How can we stick out and attract these buyers. .
Here's a hint. . A LOCAL COMPANY FOR MD, DC and VA Check our Hummer advertising all our listings at www.ReallyNiceHomes.com
How can we stick out and attract these buyers. .
Here's a hint. . A LOCAL COMPANY FOR MD, DC and VA Check our Hummer advertising all our listings at www.ReallyNiceHomes.com
Saturday, November 17, 2007
Thanks !
As many of us prepare for America's annual Thanksgiving Day feast, Americans have much to be thankful and grateful for. I for one am thankful that I live in a country where freedom and opportunity prevails. . .some of you where lucky enough to be born here. . I was lucky to have the foresight to come here and become an American nearly 30 years ago !
Receive my family's warm thoughts and wishes to hope this Thanksgiving will be especially bountiful.
I would also like to request for you to remember those people that are currently at harm's way defending and preserving our safety. We all should be tankful for their sacrifices and think of them when you are feasting the traditional dinner.
Please click here and send them a e-postcard and I can assure you they will be grateful for that simplest of action. . .(it only takes a minute!)
HAPPY THANKSGIVING!!
Receive my family's warm thoughts and wishes to hope this Thanksgiving will be especially bountiful.
I would also like to request for you to remember those people that are currently at harm's way defending and preserving our safety. We all should be tankful for their sacrifices and think of them when you are feasting the traditional dinner.
Please click here and send them a e-postcard and I can assure you they will be grateful for that simplest of action. . .(it only takes a minute!)
HAPPY THANKSGIVING!!
Thursday, November 15, 2007
Hurry up and READ THIS BLOG!
Hurry !
I’m not ashamed to tell you about my desk. . .well, it’s little messy, not terrible organized but, most Realtors have a “D” personality or type “A” in some circles.
Essentially my desk reflects my personality.
If you want to chat about the latest news about Britney Spears or the latest in the O.J. Simpson saga. . I got about two seconds to give you.
I need the bottom line at all times. .
I would like to share some tips that essentially keep me in a “sane” mode everyday. These are tips that I learned could help me add years to my life. . I hate being bothered by stupid little things that most people would take it for granted. . .but I can’t help myself!
When I call your cell the voice mail says "Hi, this is Gertrudes leave me a message and then it goes to this excruciating message that tells you what to press if you want this and press this other when you want this and then after leaving a message and you want to keep pressing numbers then you can press this and now with no further ado. . .after this long beep you may leave a message. . . beeeeppppp!"
By this time, I already pulled all my hair and I forgotten why I called you to start with.
I realized that this wasn’t good for my production and my nerves. .so I simply investigated and I found out that “ You can cut directly to the beep by pressing a certain key:”
Depending on their carriers
For Verizon: press *
For Sprint: press 1
For T-Mobile or Cingular/AT&T: press #
By doing this simple move you can have an extra 9 weeks of life by the time you meet your Maker
You can thank me later. .
A couple extra more tips for you:
Free directory assistance. Call 800-FREE-411. You have to listen to a 20-second ad, but it’s better than paying sometimes up to $2 to your carrier for directory assistance!
Just call the 1-800-373-3411 give the name of the address and you’ll get the phone number.
Lastly, one more tip that I found out saves me lots of time and keep me productive.
If I’m driving around a neighborhood and I see a new for sale by owner sign with a phone number, instead of writing the number down to call on them later after seeing all the statistics of their property, I call this 1-800 number and I record myself a message, not only recording the phone number but, I also describe the conditions of the property and /or any other details that may help me price the house correctly before I call them.
When I arrive to my desk, I check my email and VOILA . .my recording is all there transcribed neatly in the form of an e-mail directed to me
Juts go to www.Jott.com and check it out!
I’m not ashamed to tell you about my desk. . .well, it’s little messy, not terrible organized but, most Realtors have a “D” personality or type “A” in some circles.
Essentially my desk reflects my personality.
If you want to chat about the latest news about Britney Spears or the latest in the O.J. Simpson saga. . I got about two seconds to give you.
I need the bottom line at all times. .
I would like to share some tips that essentially keep me in a “sane” mode everyday. These are tips that I learned could help me add years to my life. . I hate being bothered by stupid little things that most people would take it for granted. . .but I can’t help myself!
When I call your cell the voice mail says "Hi, this is Gertrudes leave me a message and then it goes to this excruciating message that tells you what to press if you want this and press this other when you want this and then after leaving a message and you want to keep pressing numbers then you can press this and now with no further ado. . .after this long beep you may leave a message. . . beeeeppppp!"
By this time, I already pulled all my hair and I forgotten why I called you to start with.
I realized that this wasn’t good for my production and my nerves. .so I simply investigated and I found out that “ You can cut directly to the beep by pressing a certain key:”
Depending on their carriers
For Verizon: press *
For Sprint: press 1
For T-Mobile or Cingular/AT&T: press #
By doing this simple move you can have an extra 9 weeks of life by the time you meet your Maker
You can thank me later. .
A couple extra more tips for you:
Free directory assistance. Call 800-FREE-411. You have to listen to a 20-second ad, but it’s better than paying sometimes up to $2 to your carrier for directory assistance!
Just call the 1-800-373-3411 give the name of the address and you’ll get the phone number.
Lastly, one more tip that I found out saves me lots of time and keep me productive.
If I’m driving around a neighborhood and I see a new for sale by owner sign with a phone number, instead of writing the number down to call on them later after seeing all the statistics of their property, I call this 1-800 number and I record myself a message, not only recording the phone number but, I also describe the conditions of the property and /or any other details that may help me price the house correctly before I call them.
When I arrive to my desk, I check my email and VOILA . .my recording is all there transcribed neatly in the form of an e-mail directed to me
Juts go to www.Jott.com and check it out!
Monday, November 12, 2007
. .or you can afford a little more?
in the 125 Million range?
OK, but I warn you, your monthly payments will be a little high. . .
OK, but I warn you, your monthly payments will be a little high. . .
Thursday, November 8, 2007
Feeling POOR because your house value has dropped so much?
Have you watched or read the book "THE SECRET"?
Watch this video twice a day and call me in the morning!
What Can We Do For You?
I can provide you with Professional Consultation
It's a jungle out there. You need a guide that can open up opportunities for you and
take the guesswork out of your next real estate transaction. Are you looking to buy with nothing down? Is your credit situation such that you need to buy via a Rent with Option To Buy? But you’ve heard the horror stories of how they don’t work for the buyer? Want to sell a difficult to sell home and feel that in order to maximize your price you need to structure a creative transaction? Want to sell via Rent With Option To Buy ? WHO ARE YOU GOING TO CALL?
Whatever you are trying to accomplish with your real estate transaction—if you need creativity, you need US !All our training and experience is available for your use. . we have the GUNS!! WE KNOW HOW TO BE CREATIVE AND GET THE RESULTS YOU ARE LOOKING FOR! and best of all. . . our expert consultation with Fernando or one of our associates is FREE !o when buying. . .We are people with track records of success in the industry and who are completely trained with the principles discussed just with one goal. . . to make our clients money!
Our services includes consultation and we laid out the PLAN you will need to perform a straight purchase with NO MONEY DOWN , RENT w/ Option to BUY, CLOSING COSTS HELP, SELLER CONTRIBUTIONS, NON-CONTINGENCY CONTRACTS , FULLY ASSUMABLE PURCHASES, NEW CONSTRUCTION INVESTMENTS, FLIPPING PROPERTIES, CONDO CONVERSIONS. . WE WILL EVEN HELP YOU GET YOUR MARGINAL CREDIT HISTORY UP TO PAR . . "subject to" fully collaborating with our 'lender" partners. Let us knock you off your feet with the quality of our services.
And if that’s not simple enough—call us. That’s what we're here for. Have a question? Don’t know how to get started it? Give us the pertinent facts and we will give you workable, viable options that will allow you to buy or sell at the best possible price and terms.
Right now, at this very moment, you may dream or ACT. . . We have all our knowledge at your fingertips. WE HAVE THE GUNS It’s free!
You can stay up all night watching infomercials. . .or you can call us!
You can pay HUNDREDS of DOLLARS for NO MONEY DOWN DEALS. . read them for a few days and store them in your closet
or you can call us and let us do all the WORK!
If you are "wishy-washy and can not make up your mind at Macdonald's if you want your hamburger with cheese or no cheese after waiting for five minutes and having 5 people behind you. . . don't call me. . you are wasting my time and yours.
If you have invested a small fortune in books of How To Get Rich in Real Estate and they are collecting dust under your bed. . . .don't call me either. . I'm not your guy!
But if you realize that you need the right tools, a professional REALTOR supporting your goals and the desire to make a positive change in your life?
Then, YOU MUST CALL ME!
We provide the tools and the support. We will answer any question to help you structure any deal. The rest is up to you.
My name is Fernando Herboso, founder of Herboso & Associates and chairman for the Education Comittee at Keller Williams Home Towne Realty
what I'm offering is NOT A GET QUICK RICH SCHEME but a sensible solution to all your problems to give you the options that will make a difference in your life years from now. . .
you can contact me directly at 240-426-5754 or email me at : Fernando@ReallyNiceHomes.com
We speak English and Spanish. . . . How Can I Help You?
Watch this video twice a day and call me in the morning!
What Can We Do For You?
I can provide you with Professional Consultation
It's a jungle out there. You need a guide that can open up opportunities for you and
take the guesswork out of your next real estate transaction. Are you looking to buy with nothing down? Is your credit situation such that you need to buy via a Rent with Option To Buy? But you’ve heard the horror stories of how they don’t work for the buyer? Want to sell a difficult to sell home and feel that in order to maximize your price you need to structure a creative transaction? Want to sell via Rent With Option To Buy ? WHO ARE YOU GOING TO CALL?
Whatever you are trying to accomplish with your real estate transaction—if you need creativity, you need US !All our training and experience is available for your use. . we have the GUNS!! WE KNOW HOW TO BE CREATIVE AND GET THE RESULTS YOU ARE LOOKING FOR! and best of all. . . our expert consultation with Fernando or one of our associates is FREE !o when buying. . .We are people with track records of success in the industry and who are completely trained with the principles discussed just with one goal. . . to make our clients money!
Our services includes consultation and we laid out the PLAN you will need to perform a straight purchase with NO MONEY DOWN , RENT w/ Option to BUY, CLOSING COSTS HELP, SELLER CONTRIBUTIONS, NON-CONTINGENCY CONTRACTS , FULLY ASSUMABLE PURCHASES, NEW CONSTRUCTION INVESTMENTS, FLIPPING PROPERTIES, CONDO CONVERSIONS. . WE WILL EVEN HELP YOU GET YOUR MARGINAL CREDIT HISTORY UP TO PAR . . "subject to" fully collaborating with our 'lender" partners. Let us knock you off your feet with the quality of our services.
And if that’s not simple enough—call us. That’s what we're here for. Have a question? Don’t know how to get started it? Give us the pertinent facts and we will give you workable, viable options that will allow you to buy or sell at the best possible price and terms.
Right now, at this very moment, you may dream or ACT. . . We have all our knowledge at your fingertips. WE HAVE THE GUNS It’s free!
You can stay up all night watching infomercials. . .or you can call us!
You can pay HUNDREDS of DOLLARS for NO MONEY DOWN DEALS. . read them for a few days and store them in your closet
or you can call us and let us do all the WORK!
If you are "wishy-washy and can not make up your mind at Macdonald's if you want your hamburger with cheese or no cheese after waiting for five minutes and having 5 people behind you. . . don't call me. . you are wasting my time and yours.
If you have invested a small fortune in books of How To Get Rich in Real Estate and they are collecting dust under your bed. . . .don't call me either. . I'm not your guy!
But if you realize that you need the right tools, a professional REALTOR supporting your goals and the desire to make a positive change in your life?
Then, YOU MUST CALL ME!
We provide the tools and the support. We will answer any question to help you structure any deal. The rest is up to you.
My name is Fernando Herboso, founder of Herboso & Associates and chairman for the Education Comittee at Keller Williams Home Towne Realty
what I'm offering is NOT A GET QUICK RICH SCHEME but a sensible solution to all your problems to give you the options that will make a difference in your life years from now. . .
you can contact me directly at 240-426-5754 or email me at : Fernando@ReallyNiceHomes.com
We speak English and Spanish. . . . How Can I Help You?
Sometimes predictions are not 100% correct...
All REAL ESTATE is local and there has never been a better time to buy a DREAM HOME or a rental investment property to pay for your children's college.
The Washington Metropolitan area has the best chances of recovery over other locations in the USA . . aren't we lucky we live and work here?
The Washington Metropolitan area has the best chances of recovery over other locations in the USA . . aren't we lucky we live and work here?
Wednesday, October 31, 2007
The Gloom , The Doom and the Boom
The Gloom – The Doom & The Boom
Where are we now? The gloom?, The doom? or the boom?. If you are in Real estate like me, how many times have we missed out on a property because we over analyzed it and suspected something was wrong to find out months later it was a no brainier.
We are coming off from an amazing real estate boom. Things were really good for some of us that took our roles as an investor a little further that the normal . . “Accidental Investor” These are investors that made a very good return. . accidentally buying their own homes.
Are you mentally ready and prepared to see what’s ahead? Are you going to be panicking and react to the gloom in the industry right now? I know of several agents in my own office that share this sentiment and twirl around the gloomy news.
Your success as an investor solely depends in your core strategy, in other words. . what are you laser –like too? Concentrating in one area that will intensify your efforts just like a laser light. . the same energy that lights up the room where you are sitting now. . will be thousands of times more powerful when you turn it to a single bean of light. Are you over-reaching for everything and missing the diamonds on the rough?. Despite if what you hear from your neighbors, co-workers and the news. . . it is important to understand that there will always be an active market. .there will always be new people buying homes.There will always be investors making money selling real estate just because they bought it low and sold it high. Concentrating in your expertise will allow you better opportunities.
To emphasize this point. .let’ put as an example a property that we advertised a few weeks ago as a fixer upper. . I had several investors called in and were given the chance to look at the property. It was a rehab.(for reasons of confidentiality, I can’t disclose details about this property at this time) but needless to say this house will be closing in a few days. . .The repairs are in order and the best part . . I lined up a family of 3 patiently waiting to purchase this home possible giving the lucky investors a profit that will rival a teachers yearly salary. .all because the investor has taken a chance.
The old adage continues to be true. . you make your money the day. .you buy it!
If you will be so careful and have to be exactly perfect before you’ll buy it . . don’t expect great results.Winning the real estate game is not about buying the most properties . . is not about taking advantage of some poor soul’s down in their luck financial situation . .is not about the seminar with a self proclaimed guru where you shell out $ 700 dollars for a real estate course that keeps you busy with what ifs. . but nothing really on substance.
Winning at this game is simply creating an implementing an strategic plan that will focus on your own God given talents.
Stop listening to your Father in Law, your best friend or your sister’s husband. They have FREE advice only based on their own fears. . .You are better off meditating for 10 minutes and listening to your own self. . knowing you fears . . working them out and more importantly, mapping your course by focusing on your own strengths.
Have a Wonderful Day!
"Don't be afraid to take a big step if one is indicated. You can't cross a chasm in two small steps."
~ David Lloyd George (Former Prime Minister Of England)
Where are we now? The gloom?, The doom? or the boom?. If you are in Real estate like me, how many times have we missed out on a property because we over analyzed it and suspected something was wrong to find out months later it was a no brainier.
We are coming off from an amazing real estate boom. Things were really good for some of us that took our roles as an investor a little further that the normal . . “Accidental Investor” These are investors that made a very good return. . accidentally buying their own homes.
Are you mentally ready and prepared to see what’s ahead? Are you going to be panicking and react to the gloom in the industry right now? I know of several agents in my own office that share this sentiment and twirl around the gloomy news.
Your success as an investor solely depends in your core strategy, in other words. . what are you laser –like too? Concentrating in one area that will intensify your efforts just like a laser light. . the same energy that lights up the room where you are sitting now. . will be thousands of times more powerful when you turn it to a single bean of light. Are you over-reaching for everything and missing the diamonds on the rough?. Despite if what you hear from your neighbors, co-workers and the news. . . it is important to understand that there will always be an active market. .there will always be new people buying homes.There will always be investors making money selling real estate just because they bought it low and sold it high. Concentrating in your expertise will allow you better opportunities.
To emphasize this point. .let’ put as an example a property that we advertised a few weeks ago as a fixer upper. . I had several investors called in and were given the chance to look at the property. It was a rehab.(for reasons of confidentiality, I can’t disclose details about this property at this time) but needless to say this house will be closing in a few days. . .The repairs are in order and the best part . . I lined up a family of 3 patiently waiting to purchase this home possible giving the lucky investors a profit that will rival a teachers yearly salary. .all because the investor has taken a chance.
The old adage continues to be true. . you make your money the day. .you buy it!
If you will be so careful and have to be exactly perfect before you’ll buy it . . don’t expect great results.Winning the real estate game is not about buying the most properties . . is not about taking advantage of some poor soul’s down in their luck financial situation . .is not about the seminar with a self proclaimed guru where you shell out $ 700 dollars for a real estate course that keeps you busy with what ifs. . but nothing really on substance.
Winning at this game is simply creating an implementing an strategic plan that will focus on your own God given talents.
Stop listening to your Father in Law, your best friend or your sister’s husband. They have FREE advice only based on their own fears. . .You are better off meditating for 10 minutes and listening to your own self. . knowing you fears . . working them out and more importantly, mapping your course by focusing on your own strengths.
Have a Wonderful Day!
"Don't be afraid to take a big step if one is indicated. You can't cross a chasm in two small steps."
~ David Lloyd George (Former Prime Minister Of England)
An Open Letter To My Fellow Realtors
Fellow Realtors. . You better listen
Is time to take a stand
I’m not talking about taxes on our commissions or Supra Key malfunctions.
What I’m talking about is the way the media is attacking our live hood.
We depend in our commissions to pay our own mortgages but yet we seem to be the target for a major negative propaganda that is emanating form the news media everyday They seem to be creating a frenzy by reporting that homeowners are losing equity each month that passes by with no end on sight.
Foreclosures
Short Sales
ARMS (getting tired)
Living In The Streets
Bankruptcies
We have the moral and ethical responsibility to counter attack with facts that are ignored conveniently for impact purposes.
Property values have increased an average of 6% each year since WWII. That does not mean every year, but that steady increase has made several people millionaires over the past few years. Have you heard of Donald Trump?. Real estate is a long term hold, and while it is true that a high risk buyer can make money by short term ownership by flipping properties . . the real money is made by paying off a mortgage over time, either as an investment or allowing someone else making the payment by renting from you.
This should be our message to the public everyday. If NAR would take a leadership role to combat this negativity that is handicapping our position , they should provide all million plus paying members with the tools and weapons to combat this media attack. Imagine the power of all us to dispel myths and hysteria among the public.
For now, we can start with you and our fellow Realtors in our office.
These are the points that you need to remember.
Many people with good cash positions are buying real estate today, and mortgage money is readily available for those that are qualified. Remember 9/11 and the stock market a few days after that? Instead of pulling your money and keeping it safe in the bank or under your mattress. . , that was the time to buy Google, Apple, EBay and several other stocks that gained several hundreds of percent in value since then.
Everyone shared the same panic as the media is currently portraying. Completely ignoring the solid financial position of thousands of companies that are thriving now.
Please someone lend me a million dollars today and I would spend it buying 20 houses.
We are losing equity in our homes. . Run!!!
Any loss of equity is imaginary unless an owner must sell now! We need to remind them that that equity loan from 2 years ago that help them pay their visa bill and the big plasma TV hanging in their living rooms now WAS EQUITY EARNED. . .and if they have to sell now crying because there is no equity left. . It is because THEY ALREADY SPEND IT TWO YEARS AGO!
Can you spell A-M-N-E-S-I-A?
While the present value of a house may fluctuate over time of ownership, it only matters at the time of sale. Remember based on 60 years of history, most real estate will recover any losses in time if you wait long enough.
Consider also that real estate values are very local. In our own office in Frederick, we have agents approaching selling $20 million and we have agents that have not sold a thing this year. It’s all in your own perception, YOUR WORLD IS YOUR REAL ESTATE , you control it and you are responsible to preach as a professional the true about the market today. Don’t let the gloom and doom you maybe feeling coming from the news media affect the way you do business . Just be optimistic and be a leader to your database of clients announcing that REAL ESTATE IS OK. We must fight the negativity and we must start now with our own clients and customers. We are going into a normal market. .. .
N-O-R-M-A-L and the SKY is not falling!
One last thing.
The fact is that real property is a market subject to victories, falls and big losses. Any other market has the same characteristics. If you speculate and gamble, you will get the same results whether you are buying real estate or pork bellies. If you do your due diligent for yourself and your clients advising them properly . . .then. . . you will receive steady returns by positioning yourself to win no matter what.
What about all these foreclosures?
The foreclosures are fences to keep our market in a straight path. The corrections of our market . Without them, we could be selling condos for five million dollars right here in Montgomery Village.
We have to have them. . . To keep us in check.
Because markets go up and down. .
Fernando Herboso
www.ReallyNiceHomes.com
Where we speak the same language of your (well paid )Hispanic Referrals.. .
Is time to take a stand
I’m not talking about taxes on our commissions or Supra Key malfunctions.
What I’m talking about is the way the media is attacking our live hood.
We depend in our commissions to pay our own mortgages but yet we seem to be the target for a major negative propaganda that is emanating form the news media everyday They seem to be creating a frenzy by reporting that homeowners are losing equity each month that passes by with no end on sight.
Foreclosures
Short Sales
ARMS (getting tired)
Living In The Streets
Bankruptcies
We have the moral and ethical responsibility to counter attack with facts that are ignored conveniently for impact purposes.
Property values have increased an average of 6% each year since WWII. That does not mean every year, but that steady increase has made several people millionaires over the past few years. Have you heard of Donald Trump?. Real estate is a long term hold, and while it is true that a high risk buyer can make money by short term ownership by flipping properties . . the real money is made by paying off a mortgage over time, either as an investment or allowing someone else making the payment by renting from you.
This should be our message to the public everyday. If NAR would take a leadership role to combat this negativity that is handicapping our position , they should provide all million plus paying members with the tools and weapons to combat this media attack. Imagine the power of all us to dispel myths and hysteria among the public.
For now, we can start with you and our fellow Realtors in our office.
These are the points that you need to remember.
Many people with good cash positions are buying real estate today, and mortgage money is readily available for those that are qualified. Remember 9/11 and the stock market a few days after that? Instead of pulling your money and keeping it safe in the bank or under your mattress. . , that was the time to buy Google, Apple, EBay and several other stocks that gained several hundreds of percent in value since then.
Everyone shared the same panic as the media is currently portraying. Completely ignoring the solid financial position of thousands of companies that are thriving now.
Please someone lend me a million dollars today and I would spend it buying 20 houses.
We are losing equity in our homes. . Run!!!
Any loss of equity is imaginary unless an owner must sell now! We need to remind them that that equity loan from 2 years ago that help them pay their visa bill and the big plasma TV hanging in their living rooms now WAS EQUITY EARNED. . .and if they have to sell now crying because there is no equity left. . It is because THEY ALREADY SPEND IT TWO YEARS AGO!
Can you spell A-M-N-E-S-I-A?
While the present value of a house may fluctuate over time of ownership, it only matters at the time of sale. Remember based on 60 years of history, most real estate will recover any losses in time if you wait long enough.
Consider also that real estate values are very local. In our own office in Frederick, we have agents approaching selling $20 million and we have agents that have not sold a thing this year. It’s all in your own perception, YOUR WORLD IS YOUR REAL ESTATE , you control it and you are responsible to preach as a professional the true about the market today. Don’t let the gloom and doom you maybe feeling coming from the news media affect the way you do business . Just be optimistic and be a leader to your database of clients announcing that REAL ESTATE IS OK. We must fight the negativity and we must start now with our own clients and customers. We are going into a normal market. .. .
N-O-R-M-A-L and the SKY is not falling!
One last thing.
The fact is that real property is a market subject to victories, falls and big losses. Any other market has the same characteristics. If you speculate and gamble, you will get the same results whether you are buying real estate or pork bellies. If you do your due diligent for yourself and your clients advising them properly . . .then. . . you will receive steady returns by positioning yourself to win no matter what.
What about all these foreclosures?
The foreclosures are fences to keep our market in a straight path. The corrections of our market . Without them, we could be selling condos for five million dollars right here in Montgomery Village.
We have to have them. . . To keep us in check.
Because markets go up and down. .
Fernando Herboso
www.ReallyNiceHomes.com
Where we speak the same language of your (well paid )Hispanic Referrals.. .
Wednesday, September 26, 2007
The Real True ABout Foreclosures
The Foreclosure BOOM is upon us with foreclosures across the country up 72% over last year and likely hitting over 1,200,000 this year alone!
The potential for profit-making from the Foreclosure BOOM is astounding, but only those persons who are diligent enough to keep up-to-date on the latest, most "real" real estate business and investor techniques will achieve success.
When foreclosures hit your neighborhood. . that is when you finally realize the extensive problem hitting our country right now. The giant sucking sound that Ross Perot refer to a few years back.. .it is the loss of equity that neighbors experience when a house similar to theirs has gone belly up. It is estimated that there will be a loss of billions of dollars from these foreclosures and will take years to recuperate from. Even local governments will lose millions of dollars in tax revenue and the increase of policing and handling these houses will cause their revenues to drop significantly.
Look at the frustration of some people after being foreclosed.
The potential for profit-making from the Foreclosure BOOM is astounding, but only those persons who are diligent enough to keep up-to-date on the latest, most "real" real estate business and investor techniques will achieve success.
When foreclosures hit your neighborhood. . that is when you finally realize the extensive problem hitting our country right now. The giant sucking sound that Ross Perot refer to a few years back.. .it is the loss of equity that neighbors experience when a house similar to theirs has gone belly up. It is estimated that there will be a loss of billions of dollars from these foreclosures and will take years to recuperate from. Even local governments will lose millions of dollars in tax revenue and the increase of policing and handling these houses will cause their revenues to drop significantly.
Look at the frustration of some people after being foreclosed.
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