Realtor Coaching & Training: co-author
I have a question for you……
How do you separate yourself from the masses of other agents? How do you make it so you stand-out from the crowd?
Last September…(the same month that the stock market crashed 700 points)…we conducted an audio interview consisting of 5 Harris Real Estate University Superstars.
This was a great FREE 60 minute interview…
Listen NOW and learn exactly what you can be doing now to generate dozens of listing leads….
….for example, Jim from Arizona took 9 listings in less than 30 days….
When you listen to this interview you will hear exactly how these 5 Harris Real Estate University Superstars are having their best years ever…
…..Mark from California is tracking to sell well over 100 homes this year….by far, his best year ever.
This market doesn’t have to be about struggling, being full of fear and doubt. There are agents who are having their best years ever….agents who are helping more people and making more money in this market…BECAUSE of this market!
Kim and Kris from California….ready for this…..2 years ago they were flat broke. They literally lost their homes….had their cars repo’ed! This year, they will earn close to $1,000,000. Listen now to learn how they did this…and what you can do now to create your own success!
Bob has 8 Short Sale transactions as a result of being a co-author of this book….Should I Short Sale My Home?
Listen to this interview NOW: Co-Author interview of Should I Short Sale My Home book.
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Become Our Co-Author
Ever considered becoming an author?
But, never have had the time to write your own book…or maybe you just don’t have the patience?
No problem…….
Now you can become a Published Co-Author…for less than $50!
Chances are you have come across another Realtor who has become one of our Co-Authors.
Literally, hundreds of fellow Realtors can now consider themselves our Co-Authors.
If you would like to learn more go here now:
Become Our Published Co-Author of the ‘Should I Short Sale My Home?’ book.
You already know that one of the best ways to establish yourself as the expert is to write a book on the topic.
Heck, what could possibly be more powerful at establishing your credibility than being an expert author?
Now is your chance…..
There are a limited number of Co-Author spots available. We limited the number by zip code. If you find your zip code has been taken (and it probably has) you will want to claim a zip code that is in your area..maybe more rural.
Remember, you can represent yourself as our co-author in regardless of what zip code you have claimed. The zip code system was created to limit the number of co-authors we would have vs where you could market yourself as our co-author.
Here is a great video from Harris Real Estate University students Kim and Kris Darney:
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HREU Superstar
In case you didn’t receive your email invite for tomorrows Superstar Interview…here it is:
Hello,
This is your class reminder. You need this information for your schedule:
EVENT: Super Star Interview
DATE & TIME: Friday, June 26th at 12:00pm Pacific
FORMAT: Simulcast! (Attend via Phone or Webcast — it’s your choice)
TO ATTEND THIS EVENT, CLICK THIS LINK NOW..http://instantTeleseminar.com/?eventid=7626306
Now, on to the surprises…Have you read the latest breaking real estate information on the blog? Stay ahead of the curve, read the blog NOW.
Everyone is talking about Twitter. We just created a new Twitter How-To video for you. This video will show you exactly how-to get started on Twitter. Watch Twitter video NOW.
You will love this one…We want you (yes, YOU!) to become our co-author for one of our newest books “Should I Short Sale My Home”. Watch the video now and learn how you can become our co-author. Watch co-author video NOW.
Interested in a F-R-E-E Coaching Call? Let us help you anytime you need it. Remember, our mission is to do whatever it takes to help you thrive in this market. Request your coaching call NOW.
Thank-you for the honor of being your coaches,
Harris Real Estate University
866-422-9497
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Luxury, Highend Foreclosures
We have been warning all of you that the no price segment or region of the country would go unaffected by this housing correction/ recession/ depression….whatever you want to call it. Now, the high end homes are experiencing the harsh realities of this market….
With the U.S. economy and financial markets showing signs of life, optimistic analysts are looking for a recovery in the all-important housing sector. They got some ammunition on June 2 from the National Association of Realtors, which said that its Pending Home Sales Index jumped in April by the most in more than seven years.
But housing can’t revive as long as the market is being flooded with homes that are falling into foreclosure. And far from going away, the problem is broadening. It’s not just about subprime anymore. Now, people with excellent credit who never dreamed of getting in financial trouble are being dragged down by a dangerous cycle of rising unemployment and falling home prices. That is going to prolong the foreclosure crisis and, inevitably, inhibit the recovery of the rest of the economy.
Any illusion that prime loans would emerge unscathed was shattered by a May 28 report from the Mortgage Bankers Assn. “For the first time since the rapid growth of subprime lending, prime fixed-rate loans now represent the largest share of new foreclosures,” the bankers said. The grime in prime was responsible for the worst performance on record for the U.S. mortgage sector in the first quarter: Nearly 13% of loans were delinquent or in foreclosure, the most since the bankers started keeping tabs in 1972. The problems were worst in the bubble states of California, Florida, Arizona, and Nevada.
The biggest factor in this second wave of foreclosures is the inability of distressed homeowners to sell in order to pay off their debts. Prices in bubble cities such as Los Angeles, Phoenix, and Miami are down less at the high end of the market than at the bottom, according to data from Standard & Poor’s/Case-Shiller home price indexes. But that’s cold comfort to people who haven’t managed to sell at all. According to research by the National Association of Realtors, there are enough $750,000-plus homes on the market to cover more than 40 months’ worth of demand at the current rate of sales. That’s four times the rate of oversupply in the housing market as a whole.
Realtors, learn how to become a REO Listing Agent. BE the agent with all the buyer baited REO Listings. Watch the FREE Agent REO Secrets video and download the FREE Agent REO Secrets book now!
Unemployment is exacerbating the problems at the top of the market. The jobless rate for adults with a bachelor’s degree or more may not sound too high at 4.4% in April given the overall April jobless rate of 8.9%. But it’s more than double the rate of 2% a year earlier. And many families in that segment of the population built their finances on the assumption of continuous full employment, so they can’t cover the mortgage when even one spouse is out of work.
Consider the plight of Stephanie and Bob Walker, who bought a $799,000, three-bedroom home in Los Angeles with a view of the Hollywood sign in 2006 but are losing it because last year Bob stopped getting computer consulting work that used to pull in about $240,000 a year. Bob eventually landed a job paying $60,000, and Stephanie found work as a $13-an-hour temp, but it wasn’t enough to cover their mortgage and credit-card debt, which was swelled by about $130,000 worth of home renovations. They listed the house last year for an “optimistic” $875,000 but didn’t get any takers. After months of price cuts and threats of foreclosure from the bank, they’re days from closing on a sale at $700,000 that will assuage their primary mortgage lender—but leave them under pressure from other creditors. “We had no expectation things would come crashing down as fast as they did,” says Stephanie. “We had no one to blame but ourselves. We didn’t have a backup plan if he lost his job.”
The economics at the top of the market aren’t as advantageous as they are at the bottom, where first-time home buyers are flocking to lower-priced homes, spurred by low interest rates, temporary tax credits, and a drop in prices that has made owning cheaper than renting in many cities. At the high end, homes are too expensive for most first-time buyers, and move-up buyers can’t purchase a home without selling property they already own. What’s more, financing is far costlier, if it’s available at all, because private investors have lost their appetite for big mortgages. Rates on “jumbo” loans—that is, those too big to be purchased by Fannie Mae (FNM) or Freddie Mac (FRE)—are roughly a percentage point higher than those for loans that conform to Fannie and Freddie’s purchase limits. (Those limits range from $417,000 to $730,000, depending on local housing costs.)
An inflation panic in the fixed-income market is the latest blow to homeowners who are trying to sell to avoid foreclosure, because it’s pushing up mortgage rates and pushing potential buyers out of the market. Rates on 30-year fixed, conforming mortgage loans jumped nearly half a percentage point, to 5.25%, in the week ended May 29 from a week earlier, according to the Mortgage Bankers Assn. Meanwhile, the market is unlikely to get much help from the Obama Administration’s foreclosure-prevention program. Although it’s somewhat more ambitious than the Bush Administration’s program, it is voluntary for lenders and is off to a slow start since its March inception.
Why are some agents struggling in this market while others are making a fortune? 2 words: Short Sales. Learn NOW how to easily list and sell short sales. Watch the FREE Agent Short Sale Secrets video and download the FREE Agent Short Sale Secrets book.
When will this second wave of foreclosures crest? David Crowe, chief economist of the National Association of Home Builders, doesn’t see the peak coming until 2011, later than most other experts predict. Foreclosures typically top out after unemployment does, and Crowe doesn’t expect that to occur until late this year. After that, Crowe says, more people will lose their homes because of upward resets on adjustable-rate mortgages. Credit Suisse says mid-2010 is the peak for scheduled resets, and resets will stay high well into 2012. While most of the subprime loans issued during the boom years have been washed out by now, there are still about half a trillion dollars’ worth of option ARMs, which allow borrowers to add unpaid interest to the principal they owe. There’s an even more alarming $2.5 trillion in “alt-A” loans, which are between prime and subprime and include a big chunk of the mortgages that required little or no proof of income or assets. Most of these loans were issued to people with relatively good credit who were buying more expensive homes.
A key unknown is how many middle- and upper-income homeowners will simply walk away from homes that are worth less than the mortgages on them. So far few have. Whitney R. Tilson, managing partner of New York investment firm T2 Partners and co-author of the book More Mortgage Meltdown, expects the ranks of walk-aways to increase, exacerbating foreclosures. But Rick Sharga, senior vice-president of RealtyTrac, a foreclosure data specialist, disagrees. “To sign a contract for a house and then walk away from it runs counter to everything we were taught,” says Sharga, who predicts foreclosures will dip slightly in 2010.
Even if foreclosures don’t rise, the rate is already so high that it will put considerable pressure on the national housing market for at least two more years, says Mark Hanson, managing director of Field Check Group, a Menlo Park (Calif.) research firm.
While forecasts differ in detail, the clear message is that foreclosure is going upscale. And that means the housing bust won’t end anytime soon.
Source: BusinessWeek.
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Realtor coaching, real estate coaching, coaching for real estate agents, Realtor coaching classes, Tim and Julie Harris, Harris Real Estate University, Harris Realtor Coaching, Tim and Julie Realtor coaching.
It all happened SO FAST!
We released the book last evening at 8:30pm PST. And within moments 51 were gone. That means 51 agents took action and grabbed their opportunity to become our co-authors.
Its now 11:40 am here in Nevada. At the end of the day it appears that another 100 books will be gone. You will recall, this is no ordinary book. This is the book where YOU become our co-authors.
Go Here Now To See Your Book: (turn your speakers up)
The title of the book you will co-author with us is:
Should I Short Sale My Home?
A Homeowners Guide How To Survive The Worst Real Estate Market In History
Why would you want to become our exclusive co-author on our newest book?
Simple, you will instantly become the expert…you will be an Expert Published Author.
Let me be clear, the book is 100% complete. The cover is designed, the chapters are written. When you buy the book you instantly become our co-author. YOUR name goes on the cover. Your personal picture and bio info goes on the back cover…
You instantly will become an Expert Published Author.
Remember, only ONE book per zip code. Once your area is taken, thats it…its gone. The price is only $47 so, take action now.
Now, go here to see the book and take the next steps to becoming an Expert Published Author.
Turn your speakers up on your computer and click on the link above now!
Speak with you soon!
Tim Harris
P.S. If the links don’t open from this email..enter this web address directly into your web browser http://www.TimandJulieHarris.com/ShortSaleBook/ .
P.P.S. I know that many of you will grab more than one zip code. But, to keep everything on a level playing field we are only allowing you to own a total of 10 zip codes. That way you will be the only agent in your entire area of has the rights to the book.
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Now Good As Tim As Any To Buy Rental Properties
This past week, Robert Kiyosaki, author of “Rich Dad, Poor Dad,” one of the best-selling personal finance books of all time, dropped by my radio show to talk real estate. Yes the waters are rocky, the mortgages may be harder to come by, but particularly if you’re interested in buying rental properties with an eye toward becoming a bit of a mogul yourself, Kiyosaki says now is as good a time as any.
The stats seem to bear him out. Home prices fell 1.7 percent in the third quarter of this year, according to the S&P Case/Shiller Home Price Index and many experts, including Kiyosaki, are predicting a continued decline.
He says to people like him and Donald Trump, his co-author on a volume called “Why We Want You To Be Rich,” (Rich Press) the fact that prices are going to plummet even further is good news: It makes buying even more lucrative.
But investing in rental properties isn’t a decision to be taken lightly. It requires a whole lot of know-how and (preferably) a shining credit report. You also need a firm understanding of exactly what you’re signing up for, which means knowing your local market inside and out.
Here’s how you can turn today’s bleak market to your advantage:
Get your credit in shape. True, you can probably purchase a property with a middle of the road credit score. But do you want to? A low credit score means a high interest rate on your mortgage, and that increased expense is going to cut into your overhead pretty dramatically. So, take the next 12 months to improve your credit score before diving in. Pay your bills on time, turn down offers of new credit and reduce your outstanding balances.
Study up. Jumping in without knowing the basics is the wrong move. Before you signon any dotted lines, take the time to read a few solid (and up-to-date) books on real-estate investing. Once you feel you have a pretty good — albeit broad — handle on the subject, you can start scoping out the market where you plan to buy.
“You need to go out and see the area for yourself. Look at a lot of properties, get a handle on what they are renting for, and how much insurance and property taxes will be so you don’t have any surprises,” advises Thomas Lucier, an investor in Florida and author of “The No-Nonsense Real Estate Investor’s Kit,” (Wiley, 2006). Do it in person, but also check out the classified sections of your local newspapers to get a feel for the rents.
Spot a good investment. Location is key, obviously, and a good rule of thumb is to not buy rental property in an area where you yourself wouldn’t be willing to live. That means looking at crime rates, as well as walking the neighborhood during the day and after dark. It also means looking at things like the age of the property (an older building can mean more repairs), and enlist the help of a good inspector who will spot any structural problems.
Start small. Lucier suggests a duplex that will allow you the ability to live in one side and rent out the other. Even Kiyosaki, who says he now only buys apartment buildings with more than 300 units, started with a small condo on the island of Maui, Hawaii.
“I’ve ridden the market up and down, and that’s how I got smart,” he explains. As you gain experience, you can slowly begin to expand your portfolio.
Focus on cash flow. The key to making money off of your investment properties is thinking in terms of cash flow rather than capital gains, says Kiyosaki. “When I buy a piece of real estate, my first question is what’s my cash flow? What’s my rental income from the property? A property is only worth its rent.” That means adding up your mortgage payments, property taxes, insurance costs and maintenance, and subtracting that figure from what you can reasonably charge for rent. The amount that’s left? It’s your salary. Increase it by becoming a do-it-yourselfer, if you have the time and skill to fix a leaky faucet.
The Cincinnati Post Talking Money by Jean Chatzky
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