Carol Letcher's (cletcher) Blog

Investor specials are EVERYWHERE in the Phoenix marketplace!  My team and I have been been working with clients that are looking to invest in LOW priced properties in Metro Phoenix.  These properties can be purchased for as little as 30-35k and need minimal work, and rental prices are anywhere fr...

There are great buys to be had in the small town of Maricopa, AZ. Maricopa sits about 16 miles SW of the western part of Chandler, about 30 miles from downtown Phoenix and has approximately 40,000 residents.  It's a sleepy bedroom community and has that small town feel which many of my second hom...

Real estate can suck the life out of you if you don't put boundaries on your time.  Don't get me wrong, I absolutely love what I do, I've been working in this field for 20 years and I enjoy my clients, but I also enjoy my hobbies, free time, family, etc.   When working 10+ hours a day you have to...

Tough day today in the trenches..frustrating when we work so hard to try to get these short sales to come together and then you have a listing agent who doesn't want to do his job or doesn't know HOW to do his job.  We wrote an offer on a short sale, got it accepted by the seller and then had ban...

One of the way I market myself is NETWORKING.  I am a member of BNI (business networking international) which is a professional specific leads group, which means that only one person from each profession can join. Last year alone over 30% of my sales came from members of my BNI group. Yes, it can...

Enjoyable clients...aren't they more fun to work with?  You don't even feel like it's work, they are pleasant, they are referred so they already trust you!  Well, I had 2 referred clients come from out of state, one arrived this past Saturday and without wasting any time I was out with him on Sun...

Bank of America's announcement today that they are suspending foreclosures in all 50 states has created mixed concerns. For those of us that are doing short sales that are facing trustee sales maybe this will help get these short sales out of the pipeline?  Also noted that as of Tuesday they anno...

Phoenix East Valley area short sales unfortunately have become more and more the wave of the future.  However with Fannie Mae and Freddie Mac announcing last week that they are going to agressively start foreclosures on the 105th date from first default then it's possible we may be looking at few...