Was it a good year or a bad year in 2014?
Existing home sales were up 2.4% in December and 3.5% for 2014.
The National Association of Realtors said in its latest report the median sale price of $208,500 is 5.8% above a year before.
The sales pace in the last half of 2014 was 8% better than in the first half, with cheaper mortgages certainly a factor.
December saw a 1.9% dip in building permits, but the Census Bureau said there was a 4.4% boost for housing starts.
Starts for 2014 totaled 1.01 million, a 9-year high. Last year, groundbreaking increased 8.8%
Continue reading The Real Estate Market In 2014
It takes 3 years to take possession of a property you bought a lien on.
You wouldn’t read a post titled “Make Money Slow!”, would you?
(I was going to post every day about what I was learning in real estate school.
It’s taking so much time and packing so much information into my very small brain, that I can’t keep up posting while learning this stuff.)
Property Tax Liens
So, I’m sitting in real estate class and the teacher is talking about liens and something else.
I forget what.
Continue reading Yavapai County Tax Lien Sale
– Make Money Fast!
So, I decided to become licensed as a real estate agent in Prescott, AZ.
One of the rules in the state of Arizona is that before you can take the test to get your real estate license, you must take 90 hours of instruction IN A CLASSROOM.
Dude. I live on the Internet. Everything is on the Internet.
But, no. I have to drag myself down and physically sit in a classroom while a teacher drones on and on about deeds and titles or something.
Continue reading The Best Real Estate School In Prescott, Arizona
Put That Away
The most important thing that I learned on the first day of real estate class?
There’s a state rule that prohibits me from having my iPhone out on my table during class.
That preceded all of the other rules that must be followed to get a license.
Continue reading Day One – How To Play By The Rules
I felt like I had stumbled upon a secret cult, a private organization with closely held secrets, secrets that only members could know.
Those members had to be specially trained, tested, and initiated before they could become part of the honored inner circle.
Continue reading Becoming a Realtor™ in Prescott
House Sale One
In the Spring of 2011, my Mother In Law passed away at the age of 93.
My wife, having no brothers or sisters, inherited the house and we put it on the market.
The house was a cracker box, built in the 1950s, with almost no charm, but it was on a corner lot in the “Tree Section” of Manhattan Beach, CA, where the low end of the market in just under a million bucks and the high end is 3 to 5 million.
Yeah. People in California are crazy.
Continue reading Zen And The Art Of Flipping A House In Prescott
It all started when I worked in the corporate world with a woman who loved antiques, Cindy Lee.
(If you think you know this Cindy Lee, you don’t. This is a different one.)
My wife also loves antiques, so they got to be friends and dragged me to a lot of antique swap meets.
Continue reading The Cindy Lee Rule
Last Spring, I looked up our house in Zillow to see how much it was worth and my head exploded.
I was born and raised near Los Angeles, a half mile from the beach.
I say “dude” in normal conversation, wear Hawaiian shirts, and have long hair.
Continue reading 17 Things I Learned By Moving from Southern California to Prescott, AZ