Jerry Raviol

1640 S. Stapley Dr., #124 • Mesa, AZ 85204
TOLL FREE: 1888-JRAVIOL (572-8465)
CELL: (602) 695-5478
Office: (480) 820-3333
Fax: (480) 907-1443

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West USA Realty

Archive for November, 2010

Nov
29

5 Things To Do Before You Sell Your Home

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Putting your home on the market isn’t as simple as placing a FOR SALE sign in your yard. There are several steps you should take when preparing your home for sale. Read more below to learn about the top 5 things you should do.

-5 Tips For Sellers-

  1. Hire a Real Estate Agent.
    It may be tempting to list your home on your own to avoid paying a sales
    commission, but selling your own home is a full-time job itself. A real estate
    professional represents the best opportunity to earn the maximum amount from
    your home’s sale. An agent will recommend the best listing price, market your
    home effectively and show your home to buyers. An agent also recognizes what
    buyers are looking for in a new home.
  2. Get Your Home Inspected
    You are required to disclose any problems with your property to prospective buyers. Failure to do so will lead to further complications, even if you weren’t aware of the flaws ahead of time. Hire a professional inspector to identify and document any problems with your property. Also, make sure your home has a clean bill of health
    from termites.

To read more about the top 5 things you should do before selling your home please click the image below.

If you need a real estate professional to assist you with the sale of your home don’t hesitate to contact me. I’m always happy to help.

Jerry Raviol
West USA Realty
http://www.houseaz.com
602-695-5478

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Are you in the process of purchasing a home? Maybe you have just begun the process of researching buying a home. Well, whereever you are in the process you must read this article. It could save you time, money and headaches!

-Protect Yourself From These Ten Common Pitfalls-

  • Mistake No. 1
    Choosing a real estate agent who is not committed to forming a strong business relationship with you.

    Here’s How to Avoid It
    Making a connection with the right real estate agent is crucial. Choose a professional who is dedicated to serving your needs—before, during and after the sale.

  • Mistake No. 2
    Making an offer on a home without being prequalified.

    Here’s How to Avoid It
    Pre-qualification will make your life easier—take the time to talk with bank or mortgage representatives. Their specific questions with regard to income, debt and other factors will help you determine the price range that you can afford. It is one of the most important steps on the path to home ownership.If you’d like to read more about the top 10 mistakes homebuyers make please click the image below to view the entire list.

As always, if you find you need help with avoiding these common mistakes then contact me and I’ll be happy to assist you through your home buying process.

Jerry Raviol
West USA Realty
http://www.houseaz.com
602-695-5478

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Current market information about real estate in the neighborhood – WildHorse at Allen Ranch. (11-2-2010)

Jerry Raviol
West USA Realty
http://www.houseaz.com
602-695-5478

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How real estate can put cash in your pocket every month.

Everything old is new again -  Back in the days before housing prices zoomed through the roof like a rocket, the way to make money on rentals was to create a positive monthly cash flow, and to count future price appreciation as gravy for a later day when you wanted to sell.  Right now is the first time in years that 4 important factors have aligned so that you can once again both make money every month and build your wealth the old fashioned way –

  1. Low purchase prices – Many homes can be purchased for less than it cost to build them, and sell for 70% less than their market high. 
  2. Crazy low interest rates that you can lock in for 30 years – Today’s rates mean your monthly expenses for principal and interest payments are easily 30% less than a few years ago.  Combine the low interest rate with a low purchase price and your monthly nut can easily be 50% less than in years gone by. 
  3. Stable rent prices – Although rents have fallen, they haven’t fallen by nearly as much as the purchase price of the homes.  This is in part due to the increased number of renters.
  4. A larger pool of renters / increased customer base New mortgage guidelines which make it harder to buy a home + the large number of folks that have lost their homes and need to rent = more renters

Another benefit to a positive cash flow with a one year lease is that it eliminates the need to stress over resale prices every month.  When you are putting cash in your pocket every month, a change in resale prices is less of a concern.  Many of the landlords that got knocked out of the rental business were completely invested in double digit price inflation.  They did not care about the good old fashioned benefits of positive cash flow because they thought they would make it back when they “flipped” it.  When prices went in the wrong direction, and they were sitting on a negative cash flow, all their potential profit was gone. 

I’m buying rentals and I think it is something you should also consider.  Contact me and I’ll be glad to discuss if it makes sense for you to try and get both a monthly return on investment (ROI) combined with future asset appreciation.

Jerry Raviol
West USA Realty
http://www.houseaz.com
602-695-5478

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