Blog Archives

Do You Know Who Dominates Our Trade?

Want to show your smarts? Try asking someone this question: who is the United States’ number one export partner? My guess is they will say China, Japan, Europe and depending on what part of the country you’re in, maybe Mexico. But the answer is in fact Canada. Although it may seem like trivia, the question […]

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Cross Border Banking Makes Owning a Home in Arizona Simple

Typically Canadians or others from other countries owning residential property here in Arizona need banking services. This is especially critical if the home is rented periodically as there will be income and expenses. The ability to deposit funds and write checks from a U.S. bank greatly facilitates property management activities. Using a credit card from […]

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Go To the SimplySOLD Library and Learn About International Buyers

As a Certified International Property Specialist, I have learned a lot about doing business with foreign buyers of Arizona real estate. To increase my knowledge of the Canadian consumer, this summer I became a member of the Canadian Snowbird Association (“CSA”). CSA is a nonprofit advocacy group which represents the interests of Canadians traveling to […]

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Are Foreign Buyers Losing Interest in U.S. Real Estate?

Sales of homes to foreign buyers have been strong in the south and southwest for years. The National Association of Realtors®‘ 2012 Profile of International Home Buying Activity☼ showed that those sales equaled $82.4 billion for the past year ending March 2012, up from $66.4 billion in 2011. Due to low prices and the relative […]

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Renovation Funds are Available from FHA

Did you know the government will give you the money to renovate a FHA home? One of the most overlooked FHA programs, the 203(k) loan, can help if buying a home that needs work using a FHA loan. 203(k) loans are the Department of Housing and Urban Development’s (HUD’s) primary program for the rehabilitation and […]

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Can there be a Boom without Bust?

Is Canada’s real estate market headed for a repetition of bust and its plunging values and distressed sales experienced in Arizona? They don’t think so. Do they know something we don’t – or are they nuts? There definitely are differences between the two markets, but is it enough to make Canada immune to a crash? […]

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Are Canadians in Denial, eh?

The Canadian real estate market is booming, but there are signs all might not be well. Some of those same indicators were present when Arizona’s real estate market tanked, so we in Arizona know them when we see them. Read on and see if you know how to diagnose a market that may be in […]

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Is Another Boom Going to Bust?

The Canadian real estate market has been very strong for a long time. Continued rising prices would appear to be unsustainable, as they can’t continue indefinitely. We learned that lesson in Arizona when our real estate boom busted. But Canadians claim that scenario won’t happen there. Do they know something we don’t, or are they […]

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Dead Men don’t Tell Tales (Part II)

Around Halloween last year I wrote a blog about gruesome surprises found in homes for sale.  It seems that agents are continuing to find all kinds of disturbing things in homes and foreclosures. In Milwaukee an agent found a very dead occupant on the stairs. Apparently the previous owner had committed suicide at the top […]

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Why you Should Put your Rental in an LLC

Renting a property, whether a residential or commercial rental, is generally considered to be a high liability business. As a result, reducing the possibility that creditors (which could include an aggrieved tenant) can reach your other assets is critical. That is done by separating each rental property from your other assets – including from any […]

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Dual Agency – Bad for Agents Too? (Part 4)

By popular demand, my three-part article on dual agency entitled “Is Your Agent Disloyal,” has been expanded to deal with two remaining important subjects. This blog will discuss how dual agency is also bad for agents and their brokers, and the last article in the series will offer my solution to the problem. In the […]

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Is Your Agent Disloyal? (Part 3)

This is the third of a three-part article on dual agency, a form of representation by real estate agents. Dual agency involves “your” agent representing your adversary in a real estate transaction, as well as yourself. I have shown that it is good for the agent, as it results in him or her getting paid […]

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Is Your Agent Disloyal? (Part 2)

In part 1 of this series, I revealed that dual agency results in a real estate broker getting paid double for being disloyal. Dual agency occurs when “the agent acts for both of the principals at the same time in the same transaction.” In other words, it occurs when your real estate representative also represents […]

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Is Your Agent Disloyal? (Part 1)

How would you like it if you were in a lawsuit, and your attorney at trial, after arguing on your behalf, got up and moved over to the other side’s table, and then started arguing the case against you? You wouldn’t. Would you choose that over representation of you alone? Of course not. But in […]

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Its Time to Borrow!

Freddie Mac reported that mortgage rates set new record lows the first week of September. Rates on 30-year fixed-rate mortgages averaged 4.12%; the lowest since 1971. That’s down from 4.22% the week before, and from a 2011 high of 5.05% in February of this year. Rates on 15-year fixed-rate mortgages averaged 3.33%, down from the […]

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