Short Sale www.ok8888.com
Have you ever had one of those phone calls that make you shake your head indisbelief? I had one this afternoon. A local home buyer called wanting a"short sale expert" to help her buy a short sale property.I asked her why a short sale? Her reply was, "because they are greatdeals. I can get a home for really cheap." I then asked her why she thought short sales were better deals thatnon-distressed listings and her reply was, "Because I have seen thelistings". She hung up on me while I was explaining that a list price is notnecessarily the price a lender will accept for a Short Sale and that ShortSales are not a "steal of a deal" but that lenders will want fair marketvalue for these homes.This conversation made me realize just how uneducated the public and manyRealtors are on the topic of Short Sales.Here is food for thought:1. The short sale listing agent may not be listing the property at arealistic price for a short sale. Banks are not obligated to accept anyoffer, no matter what the listing price is.2. Banks are taking a loss from past market values, so they want currentmarket value in the sale, even if it is at the bottom of market value, itwill still be market value. They will be ordering a third party BrokerPrice Opinion, so they will not be basing their decision on the word of thelisting agent.3. If the bank is willing to discount the property to an extreme value, itmeans that the property probably needs a lot of work to make it livable.4. There are usually better "steal of a deal" from a seller who has equityand willing to negotiate to move quickly.Think twice before you think or believe that Short Sales are a Great Steal.Some can very fair but I don't think the majority of short sales are thesteal that this buyer was thinking of.For more information on short sales or for assistance with buying or selling Dallas area Real Estate, call Peter Wu, AAA Realtors, 214-682-8888 or visit www.ok8888.com
Thursday, July 31, 2008
Texas Number 1 in the Nation !!!
Despite the various ways in which homeowners can enhance their home's value, perhaps none has the same impact as a brand new coat of paint. Although it's not an easy task by any stretch of the imagination, it makes sense when you consider that a few $20 cans of paint can result in adding hundreds or even thousands of dollars to your property value.
As your real estate professional, I can help you through the selling process with any questions you may have. Call or email me today! 214-682-8888 Peter Wu http://www.ok8888.com/
As your real estate professional, I can help you through the selling process with any questions you may have. Call or email me today! 214-682-8888 Peter Wu http://www.ok8888.com/
Wednesday, July 30, 2008
Wealth Management www.ok8888.com
(214) 682-8888 Peter Wu www.ok8888.com
Clients
Thoughts on wealth management
Creating wealth takes discipline. Investors face many choices as well as dealing with the uncertainties of the financial markets. We believe there are some guidelines that can help investors. While we are not investment advisors, we share these guidelines with you to assist you in your efforts to understand how to create wealth.
Guideline One: Have a financial planIf you do not have a plan it is hard to know where you are going and whether you are making progress towards your goals.
Guideline Two: DiversifySound diversification is fundamental to risk management. To diversify risk, your portfolio should contain investments from a variety of classes.
Guideline Three: Optimal PortfolioRisk is unavoidable in investing. Controlling the amount of risk is essential to safeguard your assets and optimize your returns. Components of assessing your investment decisions should be evaluated in light of your investment goals.
Required investment return;
Risk tolerance;
Reason for the investment; and
When you will need your investment returns, (time horizon)
Guideline 4: Cost ControlsYou need to be aware of the fees and commissions associated with your investment.
Guideline 5: Real ReturnReal returns are a measure of the return of an asset. Real returns need to be calculated with inflation in mind.
Guideline 6: DelegationIf you do not have the time, the talent or the training to manage your own portfolio you need the help of a professional advisor.
Call Peter Wu (214) 682-8888 cell www.ok8888.com
777Realty@gmail.com
Clients
Thoughts on wealth management
Creating wealth takes discipline. Investors face many choices as well as dealing with the uncertainties of the financial markets. We believe there are some guidelines that can help investors. While we are not investment advisors, we share these guidelines with you to assist you in your efforts to understand how to create wealth.
Guideline One: Have a financial planIf you do not have a plan it is hard to know where you are going and whether you are making progress towards your goals.
Guideline Two: DiversifySound diversification is fundamental to risk management. To diversify risk, your portfolio should contain investments from a variety of classes.
Guideline Three: Optimal PortfolioRisk is unavoidable in investing. Controlling the amount of risk is essential to safeguard your assets and optimize your returns. Components of assessing your investment decisions should be evaluated in light of your investment goals.
Required investment return;
Risk tolerance;
Reason for the investment; and
When you will need your investment returns, (time horizon)
Guideline 4: Cost ControlsYou need to be aware of the fees and commissions associated with your investment.
Guideline 5: Real ReturnReal returns are a measure of the return of an asset. Real returns need to be calculated with inflation in mind.
Guideline 6: DelegationIf you do not have the time, the talent or the training to manage your own portfolio you need the help of a professional advisor.
Call Peter Wu (214) 682-8888 cell www.ok8888.com
777Realty@gmail.com
Tuesday, July 29, 2008
# 1 Broker Salesperson in Dallas, Texas
Peter Wu
AAA Realtors
777realty@gmail.com
www.ok8888.com
Office: 214-682-8888
You've searched through listing after listing. You've gone to more open houses than you can count. You've asked so many questions you can't remember the answers. And then, after weeks, months, sometimes years of searching, you find your dream home. Now what?
Many of my first-time buyers are overwhelmed by the seemingly endless amount of numbers and jargon involved in real estate lending. From the interest rates to the closing costs and everything in between, oftentimes my clients have trouble making sense of it all. That's why it makes perfect sense to have someone whose experience and knowledge in real estate can help them make more informed decisions. Call or email me and we can sort it out together.
Regards,
Peter Wu
AAA Realtors
777realty@gmail.com
www.ok8888.com
Office: 214-682-8888
AAA Realtors
777realty@gmail.com
www.ok8888.com
Office: 214-682-8888
You've searched through listing after listing. You've gone to more open houses than you can count. You've asked so many questions you can't remember the answers. And then, after weeks, months, sometimes years of searching, you find your dream home. Now what?
Many of my first-time buyers are overwhelmed by the seemingly endless amount of numbers and jargon involved in real estate lending. From the interest rates to the closing costs and everything in between, oftentimes my clients have trouble making sense of it all. That's why it makes perfect sense to have someone whose experience and knowledge in real estate can help them make more informed decisions. Call or email me and we can sort it out together.
Regards,
Peter Wu
AAA Realtors
777realty@gmail.com
www.ok8888.com
Office: 214-682-8888
Chinese Free Translators and Interpreters www.ok8888.com
Translators and Interpreters
Translation from English to another language can be very important in order to know that you're communicating the precise words from one party to another. Hiring a professional that is fluent in Chinese, as well as English, is important especially for court documentation so each party knows what they are agreeing or disagreeing to. There are plenty of private websites advertising certified individuals that provide interpretation services for phrases, explanations, and can explain to you what you need to know. While simple words can easily be translated by a dictionary; long phrases may be too hard to do yourself, which is why there are translation and interpretation companies available with reasonable fees. Search the internet to find professional translators and interpreters in the language you're interested in. You will even find online that there are websites that will take a phrase and translate it from English to Chinese and vice versa for free. Electronic documents can be sent via email where a company can then translate it into the language you requested. This can be the fastest way, but you should always check a company's credentials and ensure that you will get back a properly translated document. While a dictionary can help you with simple phrases, long documents may be too hard for an inexperienced individual to translate it on their own. This is why using a professional translator can help you know that you're getting back exactly what the document says.
Call Peter Wu (214) 682-8888 for Service.
www.ok8888.com
777Realty@gmail.com
Translation from English to another language can be very important in order to know that you're communicating the precise words from one party to another. Hiring a professional that is fluent in Chinese, as well as English, is important especially for court documentation so each party knows what they are agreeing or disagreeing to. There are plenty of private websites advertising certified individuals that provide interpretation services for phrases, explanations, and can explain to you what you need to know. While simple words can easily be translated by a dictionary; long phrases may be too hard to do yourself, which is why there are translation and interpretation companies available with reasonable fees. Search the internet to find professional translators and interpreters in the language you're interested in. You will even find online that there are websites that will take a phrase and translate it from English to Chinese and vice versa for free. Electronic documents can be sent via email where a company can then translate it into the language you requested. This can be the fastest way, but you should always check a company's credentials and ensure that you will get back a properly translated document. While a dictionary can help you with simple phrases, long documents may be too hard for an inexperienced individual to translate it on their own. This is why using a professional translator can help you know that you're getting back exactly what the document says.
Call Peter Wu (214) 682-8888 for Service.
www.ok8888.com
777Realty@gmail.com
Ask For Referrals - Peter Wu 214-682-8888
Most real estate professionals will tell you to Ask For Referrals when you meet clients. Apparently, there is a time of when to do it best - for more effective results. I, on the other hand, think that asking for referrals is unnecessarily. Okay - the truth is that it's very UN-classy to me. (If you do it as part of your business routine, that's okay too. Each to his/ her own.)
I have done alot of Shameless things but asking for referrals is definitely not one of them. In my experience, I had never needed to ASK for referrals. Clients would just automatically refer their friends and family to me. I have clients who openly tells me that that's what they plan to do. I consider that the highest compliment.
I'm very thin-skinned. So, asking is not what I do best. Instead, I just treat others just like the way I want to be treated. I also put myself in their shoes to think and feel what I would want my realtor to do for me. Most often, maybe I do expect alot out of myself, I give alot of myself. That's what you should do and you will see all the referrals come in - without even asking for it!
Clients know how you earn a living. Everyone wants to be associated with the BEST. So, when you are the BEST in real estate, they automatically will refer you to anyone whom they hear is thinking about buying or selling. You dont have to teach them. It just happens. Really! Call Peter Wu at (214) 682-8888
AAA Realtors / OK Mortgage or Linda G. at (469) 567-0567 cell
I have done alot of Shameless things but asking for referrals is definitely not one of them. In my experience, I had never needed to ASK for referrals. Clients would just automatically refer their friends and family to me. I have clients who openly tells me that that's what they plan to do. I consider that the highest compliment.
I'm very thin-skinned. So, asking is not what I do best. Instead, I just treat others just like the way I want to be treated. I also put myself in their shoes to think and feel what I would want my realtor to do for me. Most often, maybe I do expect alot out of myself, I give alot of myself. That's what you should do and you will see all the referrals come in - without even asking for it!
Clients know how you earn a living. Everyone wants to be associated with the BEST. So, when you are the BEST in real estate, they automatically will refer you to anyone whom they hear is thinking about buying or selling. You dont have to teach them. It just happens. Really! Call Peter Wu at (214) 682-8888
AAA Realtors / OK Mortgage or Linda G. at (469) 567-0567 cell
Monday, July 28, 2008
Property Management (Dallas, Texas) www.ok8888.com
Property Management (Dallas, Texas)
A lot of real estate courses on the market are just motivational seminars with a thin coating of real estate education. These seminars and courses may be useful if they cause you to take charge of your financial destiny, but don’t go charging into your first deal without the right tools.
Many investors underestimate the amount of work that it takes to remodel and manage a property, and this causes them to bite off more than they can chew. I’ve bought more than one property from investors who purchased a house to remodel then grew tired of the effort before the work was done. It’s easy to underestimate rehab costs and effort when bidding on a property; don’t let your optimism lead you down the wrong path.
When a good opportunity surfaces you’ll have to make a decision quickly and act, but even under a deadline there is still time to run a basic financial evaluation. Do you expect the property’s revenue to cover expenses? Have you made allocations for future repairs? What rate of return do you expect for the property?Looking before you leap is probably the most important element in keeping your stride as an investor, and having a realistic view of the economics is the first step. The best way to keep your peace of mind is to make investments that offer an adequate return, which means you’ll need to do your homework.
A lot of real estate courses on the market are just motivational seminars with a thin coating of real estate education. These seminars and courses may be useful if they cause you to take charge of your financial destiny, but don’t go charging into your first deal without the right tools.
Many investors underestimate the amount of work that it takes to remodel and manage a property, and this causes them to bite off more than they can chew. I’ve bought more than one property from investors who purchased a house to remodel then grew tired of the effort before the work was done. It’s easy to underestimate rehab costs and effort when bidding on a property; don’t let your optimism lead you down the wrong path.
When a good opportunity surfaces you’ll have to make a decision quickly and act, but even under a deadline there is still time to run a basic financial evaluation. Do you expect the property’s revenue to cover expenses? Have you made allocations for future repairs? What rate of return do you expect for the property?Looking before you leap is probably the most important element in keeping your stride as an investor, and having a realistic view of the economics is the first step. The best way to keep your peace of mind is to make investments that offer an adequate return, which means you’ll need to do your homework.
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