Seller missed out on saving $6500!

 Seller missed out on saving $6,500

I inspected this house today in San Tan Valley.  A working-class neighborhood where the homes are supposed to be cheap!  Not any more.  This 1500 square foot, 3 bed ,2 bath, single story, no pool house was built in 2004.  Sold for 125k in 2013 and is now under contract and selling at $350,000.  Wow, wow, wow, time to sell.  Regretfully, this Seller did not know about our $5,000 flat fee listing service.  He would have saved $6,500.  Don’t let this be you.  Time to take your gains off the table before DC finishes ruining the economy.  Time to protect your family and the hard-earned gains you have now.  We have not had this situation since 2005.  16 years you had to wait.  Don’t wait any longer.  Call me to see if it makes sense for you to sell now. 

If you need to buy or sell a home, see us at www.5kflatfeelisting.com.  We look forward to hearing from you. 

Buyers get: Sellers get:

FREE Home Inspection 5k Flat Fee Listing

FREE Termite Inspection FREE Home Inspection

FREE Home Warranty FREE Termite Inspection

Best,

Geoff Nowlin, Phoenix Realto Brett Young, Cleveland Realtor

480-466-3737 (216) 703-5740

www.5kflatfeelisting.com by56083@gmail.com

nowlin.geoff@gmail.com

Check out our unique real estate services and advantages

Geoff & Mia Nowlin

480-466-3737

www.5kflatfeelisting.com

nowlin.geoff@gmail.com

Name:

Email:

We respect your email privacy

Serving Maricopa & Pinal County Arizona

Fix and Flip trick of the Trade!

Fix and Flip tricks of the Trade!

One of our Students is in the middle of this fix and flip.  This video walks you thru a few do’s and don’ts.  Anytime you get a house at 65% of the after-repair value, it is a fix and flip contender.  And this house fit the bill.  This house should be ready in 2 weeks for sale at 950k.  In my opinion, the backyard is a bit small to ask that price.  However, it is in 85254 Scottsdale and is directly across from a park.  

Maybe, just maybe, it will get that price.  A house one block away just went under contract at 925k but it has a huge back yard and a better floorplan.  Floorplan is subjective and is in the eye of the beholder obviously.  People often ask me if NOW is the time to get into real estate.  Duh!  The answer is YES.  Even in this highly competitive Seller’s market, you can still find fix and flip opportunities.  I just had an idea for the next video; I can drive thru that neighborhood and you will see a dumpster in every other driveway.  85254 Scottsdale is getting a major face and price lift.  Check out the video for details. 

If you need to buy or sell a home, see us at www.5kflatfeelisting.com.  We look forward to hearing from you. 

Buyers get: Sellers get:

FREE Home Inspection 5k Flat Fee Listing

FREE Termite Inspection FREE Home Inspection

FREE Home Warranty FREE Termite Inspection

Best,

Geoff Nowlin, Phoenix Realto Brett Young, Cleveland Realtor

480-466-3737 (216) 703-5740

www.5kflatfeelisting.com by56083@gmail.com

nowlin.geoff@gmail.com

Check out our unique real estate services and advantages

Geoff & Mia Nowlin

480-466-3737

www.5kflatfeelisting.com

nowlin.geoff@gmail.com

Name:

Email:

We respect your email privacy

Serving Maricopa & Pinal County Arizona

What Insurance Products should you demand of your Home Inspector?

What Insurance Products should you demand of your Home Inspector?

Being both a Realtor and a Home Inspector, I often find questions about coverage.  We want to protect ourselves as Realtors and as Home Inspectors.  What about the Homeowner?  Should they be entitled to protect themselves by hiring Home Inspectors with the right coverages?  I should say so.  That means YES.  

As a Home Inspector, I carry professional liability coverage (claims-made) with NO gaps in coverage.  This is important to you the Homeowner because a gap in coverage can eliminate any retroactive coverage and give you a denied claim. 

How does that work you ask?  Simple, the Homeowner makes a claim for something missed 9 years ago.  The professional liability coverage during that time is now expired.  Your Home Inspector continued to purchase professional liability coverage without a gap in coverage and Retroactive coverage for past acts or past misses.  

Because your home’s issue occurred 9 years ago and your Inspector was smart enough to buy Retro Insurance, you have a chance at a winning claim.  

What you should ask your Home Inspector before hiring them (as it relates to these coverages):

1. Do you have professional liability insurance?

2. What was the first date of your initial professional liability insurance?

3. Have you had any GAPs in your professional liability insurance?  If so, what date? (this is the new retro date)

4. Do you have Retroactive Insurance?  (if NOT, the Homeowner can only go back to the current policy period.  Once that expires, so does your ability to make a claim).

Conclusion, don’t hire Home Inspectors that don’t carry Retroactive Coverage!

If you need to buy or sell a home, see us at www.5kflatfeelisting.com.  We look forward to hearing from you. 

Buyers get: Sellers get:

FREE Home Inspection 5k Flat Fee Listing

FREE Termite Inspection FREE Home Inspection

FREE Home Warranty FREE Termite Inspection

Best,

Geoff Nowlin, Phoenix Realtor

480-466-3737

www.5kflatfeelisting.com

nowlin.geoff@gmail.com

Check out our unique real estate services and advantages

Geoff & Mia Nowlin

480-466-3737

www.5kflatfeelisting.com

nowlin.geoff@gmail.com

Name:

Email:

We respect your email privacy

Serving Maricopa & Pinal County Arizona

How Tight is in Rental Market in Phoenix?

 How tight is the Rental Market in Phoenix?

I just acquired a Client who needs to rent a home.  She wants it on the west side since that is where she works.  She is looking for a 4 Bed 2 Story with a Loft for under $1,800/month.  Tall order in this market.  I found 1 unit available.  When I go up to $2,000/month, I found 4 more.  This market is red hot on fire, including rentals.  In fact, rental permits have out paced single family permits 3 to 1.  

I now have the added pressure, that her current Landlord has sold the rental home and she has 30 days to get out.  This puts huge pressure on me to find this nice family a home.  So I am at break neck speed.  Normally, I don’t handle rentals other than my own.  In this case, she was a referral from a personal friend and therefore, I am treating her as a personal friend.  This is the kind of care you will get when buying or selling thru me.  

If you need to buy or sell a home, see us at www.5kflatfeelisting.com.  We look forward to hearing from you. 

Buyers get: Sellers get:

FREE Home Inspection 5k Flat Fee Listing

FREE Termite Inspection FREE Home Inspection

FREE Home Warranty FREE Termite Inspection

Best,

Geoff Nowlin, Phoenix Realtor

480-466-3737

www.5kflatfeelisting.com

nowlin.geoff@gmail.com

Check out our unique real estate services and advantages

Geoff & Mia Nowlin

480-466-3737

www.5kflatfeelisting.com

nowlin.geoff@gmail.com

Name:

Email:

We respect your email privacy

Serving Maricopa & Pinal County Arizona

How to win in a multiple offer situation

 How to win in a multiple offer situation!

Just Sold: 41714 N. Anthem Ridge Drive, Phoenix 85086

This home would be a 1.2M – 1.5M anywhere else.  This property is in the Anthem Country Club a private gated, golf community. This is a 3,290 sqft, 4 bed, 3.5 bath, 15-foot ceiling gorgeous luxury home in every sense.  More than fantastic grounds and finished back yard.  They offered the home at 775k.  The reason we were able to get it was 

1) we over bid at 805k 

2) we were willing pay the HOA special assessment of 4k

3) we submitted a cash offer

4) we submitted it with a proof of funds showing cash

The truth is that my Buyers were going to role their last homes proceeds to pay for Anthem Ridge in cash.  But we didn’t want to submit a contingent offer.  Because a contingent offer would not be accepted in this hot market.  So we compiled a list of their assets, IRAs, etc. and submitted that as the source of funds.  

Since this was a relocation deal for the Sellers it took 7 weeks to complete which gave my Buyers plenty of time to close their old house, pocket the 1.2Mil. (p.s. which I sold for www.5kflatfeelisting.com). 

I know not everyone has 805k IRAs and assets to put down to be a cash buyer.  If you are in that situation, call me immediately to discuss the creative ways that I use to make the non cash buyer look like a cash buyer at contract acceptance time. 

If you need to buy or sell a home, see us at www.5kflatfeelisting.com.  We look forward to hearing from you. 

Buyers get: Sellers get:

FREE Home Inspection 5k Flat Fee Listing

FREE Termite Inspection FREE Home Inspection

FREE Home Warranty FREE Termite Inspection

Best,

Geoff Nowlin, Phoenix Realtor

480-466-3737

www.5kflatfeelisting.com

nowlin.geoff@gmail.com

Check out our unique real estate services and advantages

Geoff & Mia Nowlin

480-466-3737

www.5kflatfeelisting.com

nowlin.geoff@gmail.com

Name:

Email:

We respect your email privacy

Serving Maricopa & Pinal County Arizona