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Mario Romero
The Romero Team - The Melcher Agency |
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If you have ever had your eye on ‘flipping’ houses there are a lot of things to think about. Sure you have seen all those other people on TV and you know it is a lot of hard work. It takes some start up capitol, often times more than you expected. Old or slightly used houses can be like treasures at the bottom of the sea. They look perfect and beautiful at first sight but bring them up to the surface and you realize they are going to need more painstaking polish than you had hoped. Still, once you put so much time and effort in to getting the treasure, you are sort of stuck with it then and have to follow through. No doubt there have been many heartbreaks, and broken wallets, along the road of buying houses to turn and sell for profit.
As there are risks to match every investment or business venture, this is can be a fantastic one on which to bank. The possibilities are really endless. There is usually real estate available to match almost every budget. There are homes in need of some sprucing up with new appliances, to homes which need a great deal of renovation. You have creative control when in comes to how to get the job done. Maybe you are a handy carpenter or electrician, or you love interior design. Perhaps you know people who do, or are interested in supporting small local businesses in the area to do the work. You decide who does the work, and how much money and time you have to invest. It is your work, and your profit.
We can’t leave out the fact that you are doing something great for the communities you choose to work in. Houses that are run down, either inside or out can really diminish the value of the neighborhood. That is bad for everybody. Plus, you are saving land and precious resources and a wonderful way of life.
Mark carefully exactly where you are capable and the job at hand at each site. There are many terrific reasons why this could be an amazing and profitable venture. |
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| Posted by Mario Romero at | | | |
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If you have ever seen the TLC series, Flip That House, or Flip This House, you may have begun to notice a popular trend in home buying. TV and magazines are popping up every where articling the ins and outs of remodeling entire houses to sell them for profit. Home improvement has really gotten big! In a report released by the NAR, nearly one third of homes sold in 2007 were purchased as either vacation homes or investment opportunities. This is an exciting trend for real estate, not to mention for the earth, as options and opportunities for buying and selling broaden while recycling and reusing land and materials.
There is a very wide range of people who may turn entrepreneur, having the resources to embark on this interesting and profitable type of investment. Contractors and businesses of all kinds have taken the plunge. Individuals and families have the same opportunity to turn the profit for themselves. TLC's Flip This House details the professional affairs of an independent family who have taken on buying, restoring and reselling as a full time family business. The extent of who, and to what lengths, a buyer may serve this type of undertaking should not be underestimated in the eyes of realtors.
Flipping, as it is called, could really be viewed an awesome fruition of the American Dream. It provides anyone who has some resource, and determination, the chance to work for themselves, make a profit, and provide homes for families. It also gives new meaning to the relationship a realtor has with a client. It is no longer just about clients spreading the word to friends and family, who may buy another house in ten or fifteen years. Chances are this sell will be the first of six this year for him. |
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| Posted by Mario Romero at | | | |
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Buying a new home is a big decision and you are probably ready to go all out in preparation. It can never hurt to be prepared with a preapproval for a loan before you start looking into actual houses on the market. Being preapproved gives you the advantage of knowing for sure what you are able to afford. Most of us believe we have a pretty good idea of what we can afford, still it is usually the lender who has final say. No one wants to find themselves in love with a house only to have a banker step in front and say no. A preapproval empowers you with the knowledge that every house you consider can be yours for the taking. It also gives your bids more weight with the seller, who knows the money is behind your word.
However, don’t be in a rush to accept an offer from a lender. Remember it is a two way street. You don’t have to accept the deal they give you right off the bat. It is a wise move to consult with a realtor before you start looking at houses, and even before you have started talking to your bank. A realtor will be able to give you options in lenders you may have not considered. He or she can also advise you of the quality of the loan you have been offered. If you have been turned down before, there may be another lender your realtor has worked with that will be able to help. It is always better to consult the professionals before giving into offers that may result in being beneficial to the lender, but landing you in a sticky situation in a few years.
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| Posted by Mario Romero at | | | |
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The National Association of Realtors reports that existing home sales are down in March. The NAR and their chief economist, Lawrence Yun, suspects sales will stabilize within the next few months before a notable improvement in the second half of the year.
This may be a comfort to those out pounding the pavement but finding potential buyers stuck behind the bushes. You are not alone, and this too shall pass. Still it is hardly news to anyone with half an eye on the economy. There are many factors at play in the rising and falling of home buying. One fact is always present, buyers are there, they are simply a little more or less mobile. Some people are afraid these days due to the ever present talk of foreclosures happening all across the country. Some may not be sure they will be able to sell the home they currently own. There have been some drastic variances in the way lenders in different areas of the country have approached the new laws. Perhaps a potential buyer was turned down for a loan recently and believes it is not possible. It could also be that some are skeptical of new lower rates, in line with what has happened with borrowers in the past five to ten years.
Talk upfront everyone you work with about what misgivings they may have. It may save a client from backing out after working hard, or even create a prospect where they themselves thought there was no potential. |
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| Posted by Mario Romero at | | | |
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 Outstanding Mesa Home With Upgrades
Type: Single Family Home
Location: 707 W. Farmdale Ave , Mesa, AZ 85210
Bedrooms: 2, Bathrooms: 1 full, 1 half
Price: $160,000
Description: Upgrades and upkeep make this an outstanding home in Mesa. The spacious kitchen is brightened by a large window over the sink. Upgraded in 2007, it features ample new cabinets, stainless sink, countertops, can lights and appliances. Flooring has also been updated in 2007 with 20” tile in the kitchen and baths, and carpeting in the remainder of the home. Last year the baths were also upgraded with paint, fixtures and mirrors. The home features 2” blinds and 6 panel doors in closets and interior rooms. The heating and cooling systems are also new as of 2007. The home features a well maintained desert front yard and a large back yard surrounded by a block and wood fence. This property is located near schools, shopping and entertainment facilities, and is easily accessible to MCC, ASU, and the 60, 101 and 202 freeways. Call our office at 602-252-4191 to arrange your personal showing. .............................................................Directions: North on Extension in Mesa past Southern, east on Flower, north on Revere and east on Farmdale to the property at 707 W. Farmdale Ave. .............................................................List Of Features: 1979 Ranch ~~ 2 Bedrooms ~~ 1.5 Baths ~~ 984 Sq. Ft. ~~ Formal Dining Room ~~ Range/Oven ~~ Dishwasher ~~ Disposal ~~ Refrigerator ~~ Inside Laundry ~~ Cable TV Available ~~ High Speed Internet Available ~~ 2 Car Garage ~~ Frame/Wood Construction ~~ Painted Finish ~~ Comp-Shingle Roof ~~ Refrigeration ~~ Electric Heating ~~ Block Fencing ~~ Wood Fencing ~~ Desert Front
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| Posted by Mario Romero at | | | |
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 Spacious 4 BR Home At Outstanding Price
Type: Single Family Home
Location: 2761 E. Chipman Rd. , Phoenix, AZ 85040
Bedrooms: 4, Bathrooms: 2 full, 0 half
Price: $140,000
Description: This spacious four bedroom home is offered at an outstanding price and is ready to move in. There have been numerous upgrades in 2007 including plumbing, electrical and heating/cooling. The kitchen was remodeled in 2007 with new cabinets, countertops, stainless sink, and black on black appliances. The home was recently painted, and in 2007 was treated to new 20” tiles in kitchen and baths and carpeting throughout the rest of the house. With a formal living room and a family room, there is plenty of room to relax and entertain. The bathrooms were also upgraded in 2007 with fixtures and flooring. The exterior of this property features desert landscaping, block fencing, and an RV gate. This home, which is on a corner lot has wonderful mountain views. This property is easily accessible to Downtown Phoenix, ASU, shopping, sports facilities and freeways. Call our office at 602-252-4191 to arrange your personal showing. .............................................................Directions: Go south on 28th St. past Broadway to Chipman. The house is located on the southwest corner at 2761 E. Chipman Rd. .............................................................List Of Features: 1962 Block Ranch ~~ 4 Bedrooms ~~ 2 Baths ~~ 1,600 Sq. Ft. ~~ Full Master Bath ~~ Master Bedroom Walk-In Closet ~~ Formal Dining Room ~~ Range/Oven ~~ Dishwasher ~~ Disposal ~~ Inside Laundry ~~ Cable TV Available ~~ High Speed Internet Available ~~ Family Room ~~ 1 Car Carport ~~ RV Parking ~~ RV Gate ~~ Block Construction ~~ Painted Finish ~~ Comp-Shingle Roof ~~ Rolled Roof ~~ Refrigeration ~~ Electric Heating ~~ Ceiling Fans ~~ Block Fencing ~~ Desert Front ~~ Mountain Views
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| Posted by Mario Romero at | | | |
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 Twelve Rental Units & Eleven Buildings
Type: Multi Family Home
Location: 1124 E. Fairmount Ave. , Phoenix, AZ 85014
Bedrooms: 1, Bathrooms: 1 full, 0 half
Price: $750,000
Description: This property consists of 12 rental units in 11 block constructed buildings. One building is a duplex of 1148 Square feet, each unit has one bedroom (one is currently used as an office). Ten units have one bedroom and are each a separate building. The units have been extensively renovated. Updates include roofs, plumbing, electrical, flooring, walls (including studs where needed), fixtures, doors, windows, window evap cooling units and heaters. Permits were obtained for renovations from City of Phoenix. Six units are currently undergoing renovation (seller will complete renovations before close of escrow), all other units are currently occupied and leased on month-to-month basis. You have turn-key operation with on-site property manager. Seller will consider carryback with acceptable terms. Call our office at 602-252-4191 to arrange your personal showing. .............................................................Directions: Go south on 12th St. past Indian School to Fairmount. Make a right and go west to the property at 1124 E. Fairmount Ave. .............................................................List Of Features: 1945 Twelve unit complex ~~ 11 Buildings (one a duplex) ~~ Each free-standing building 440 Sq. Ft. ~~ 1 Bedroom ~~ 3/4 Bath ~~ Block Construction ~~ Stucco Finish ~~ Comp-Shingle Roof ~~ Ceramic Tile Floors ~ Unfurnished ~~ F/S Oven/Range ~~ Refrigerator ~~ Electric Heating ~~ Individual Heating ~~ Evaporative ~~ Individual Cooling ~~ City Franchise Water ~~ Sewer-Public ~~ APS ~~ Free Parking ~~ 1 Space/Unit ~~ Roads-Asphalt/Blacktop ~~ Owner Pays-Water, Sewer, Trash, Landscaping ~~ Lessee Pays: Electric.
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| Posted by Mario Romero at | | | |
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THE GREENER CURB:
Want to sell your home fast this spring? Make your grass green! Grass is usually the largest surface area from the curb to the front of your home. It could possibly make or break the first impression of a potential buyer. Instead of begging your realtor to bring clients by at night, make use of the sun. Grass may seem like something easy to overlook, but the house with the greenest grass stands out miles above the rest.
Hiring a lawn care service to the job is always an easy option, but you are not tied to the expense to improve the appearance of your yard. There are many easy do it yourself type helps at any convenience store. For instance, if you have a dog chances are you have found mysterious bald or yellow spots littering your lawn for as long as Fido has been a member of the family, or maybe just as long as the neighbors’ dogs found out how tasty your flower bushes are. When dogs eliminate in the yard it kills the grass in that spot. Luckily there are products designed especially for the problem. You don’t have to redo the whole yard, just apply to the problem areas. |
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| Posted by Mario Romero at | | | |
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REINTRODUCING SMALL TOWN REAL ESTATE
Presenting homes or other real estate for sale in very small or rural towns these days can be challenging. Many are moving from such places for bigger cities, leaving these towns looking and feeling much forgotten. Occasionally it is exactly what a buyer is looking for, but not only is that increasingly more rare, it also poses hurdles to actually reach closing. When a young family or couple dream of charming antique small town life but find that the reality is very old run down houses with very little amenities they will often turn away. Trying to cater to that old fashioned small town sensibility can be your down fall when actually trying to land the sale.
Selling real estate in rural areas may attract new and different types of buyers than may be expected, or once thought. For example, many elderly couples are not that excited about living in one of our fancy new retirement villages. The quiet and secluded environment may be exactly what the doctor ordered for those able bodied late in life. Older people looking for a new home may simply want something smaller, and resale value isn’t high on their list of priorities.
Then don’t discount the young fast paced businessperson. There are a number of government loans and grants available for improving real estate in rural areas. It is possible to cash in some extra help starting up that exciting new trend of flipping houses for a profit.
Many prospective buyers are totally unaware of the possibilities for homes and land in those areas that are more desirable than they seem on the surface. |
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| Posted by Mario Romero at | | | |
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 Historic Tudor & Updated Treasure
Type: Single Family Home
Location: 525 W. Granada Rd. , Phoenix, AZ 85003
Bedrooms: 3, Bathrooms: 1 full, 1 half
Price: $600,000
Description: This is a beautiful 1930 Tudor home on a quiet and picturesque street located in the charming Willo Historic District of Central Phoenix. The bright spacious kitchen that has been completely remodeled features a complete array of custom cabinets, breakfast room, the original swinging door, country sink, along with appliances including refrigerator, dishwasher, disposal and microwave. The dining room and the living room both have stunning coved ceilings. The focus of the living room is the fireplace, while the original double hung windows in the living room, breakfast room, kitchen, bedrooms and bath have etched glass. Step down into the tiled family room which is brightened by three sets of French doors. The master bedroom has a large walk-in closet and entrance to a bath shared with the family room. The second bedroom features a large closet and built-in bookcases. You will enjoy wood floors throughout the house, while two bedrooms are framed with crown molding. The third bedroom provides a great place to retreat with its desk/credenza unit and original door. The main bathroom is unbelievably stunning with its original door, window and colorful green, black and white tiles. The garage has been converted to a guest house with approximately 200 Sq Ft of space, which includes its own bathroom with glass block shower enclosure. The exterior features of the home include a covered brick patio, gas barbeque and fire pit, storage room behind the guest quarters, lovely green lawn and mature trees. The current owners have updated the property three times, converting a charming historic Tudor into a timeless treasure. Call our office at 602-252-4191 to arrange your personal showing ............................................................Directions: Go north on 7th Ave. past McDowell Rd to Granada Rd. Make a right and go east to the property at 525 W. Granada Rd. .............................................................List Of Features: 1930 Brick Tudor ~~ 2 Bedrooms ~~ 1.75 Baths ~~ 1,859 Sq. Ft. ~~ 3/4 Master Bath ~~ Master Bedroom Walk-In Closet ~~ Fireplace in Living Room ~~ Firepit ~~ Formal Dining Room ~~ Breakfast Room ~~ Dishwasher ~~ Disposal ~~ Microwave ~~ Refrigerator ~~ Washer & Dryer Included ~~ Inside Laundry ~~ Cable TV Available ~~ High Speed Internet Available ~~ Family Room ~~ Guest Quarters - Sep Entrance ~~ Covered Patio ~~ Yard Watering System-Front & Back ~~ Slab ~~ Brick Construction ~~ Painted Finish ~~ Comp-Shingle Roof ~~ Refrigeration ~~ Gas Heat ~~ Ceiling Fans ~~ Wood Fencing ~~ Historic District
525 W Granada Rd at 7th Ave google map yahoo map |
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| Posted by Mario Romero at | | | |
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