Terry Bishop's (terry369) Blog

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Real Estate Broker/Owner - Terry Bishop Realty LLC
RECENT BLOG POSTS
   Don't  believe what people say.  Look at the empirical evidence.  The stimulus package was signed into law by President Obama on February 13 of this year.  Human nature attests when people do not know or understand  what is transpiring , they often do nothing.  This certainly has been true of ...
07/14/2009
Our real estate market here in Tucson is beginning to show signs of life, although it is predicted there is a great deal of "shadow inventory".   This is inventory held by the banks from foreclosures, and has not yet been put on the market.  Short sales and foreclosures continue to be prevalent. ...
07/14/2009
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    I've had a bit of a hiatus from blogging, and if truth be told, I miss it.  But I stopped blogging in January/February.  I became paralyzed and found myself unable to do much of anything ...  oh I took real estate classes, and was not literally paralyzed, but I was in a real blue funk, as if ...
07/14/2009
Another aspect to consider when investing in property is whether you, the investor, are skilled and can do repair work in a home.   Today there are thousands of REO properties for sale, real estate owned properties - another term for bank owned properties.  Many of these properties need work.    ...
01/07/2009
As a potential investor, you have thought about the type of property you want to purchase, "A", "B" or "C" property.   You know the area in which you would like to concentrate your investment(s).  Find a good Realtor who is familiar with 1031 tax deferred exchanges, who can suggest a good lender ...
01/06/2009
I often look at people who are slim and trim ... people who can speak another language...or people who seem to know so much about a particular subject. Then I realize, it is all slow but steady.  Most of these people developed some kind of plan:  eating and working out in a healthy manner; learni...
01/05/2009
The tiny beads of water dance on the orange plastic wrap which encloses the morning paper.  Although it is nearly 9 am, the dark grey skies look like Connecticut (from where I migrated) on a day which bodes snow.  A gentle rain, actually what I would call a sprinkle, dampens the earth.     This i...
12/23/2008
Celebrations of the winter solstice marked the full rotation of the earth around the sun.    The shortest day of the year is behind us.  Daylight increases with every passing day.  Holiday cheer is abundant and in less than ten days, we will be welcoming 2009 with First Night celebrations.       ...
12/22/2008
Tucson lies within the Sonoran Desert which extends south to Mexico and westerly to southern California and the Baja Penisula.  Often called a "green desert", people are surprised that the Sonoran  does not look like miles and miles of sand...the Gobi Desert or the Sahara.   A gem within Tucson i...
12/19/2008
 " What's old is new and what's new is old."  That adage stands today.   As we all know, no more NINJA loans, no income, no jobs, no assets.  And sometimes the old fashioned way is the best.        Putting 3.5% down on an FHA loan after January 1 is prudent.  And conventional loans with 5% or mor...
12/18/2008
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Terry Bishop

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