The Romero Team's Blog

The path to building a truly successful real estate practice is to “run your business like a business”. But what does that mean?

Most of us don’t spontaneously know how to run a business. We have to learn.

But it’s not necessarily easy. Most businesses fail, or so we’ve heard. I’d submit that the reason so many Realtors ignore the..(read more)

I’m a fan of Diane Kennedy for many reasons. Bottom line, she’s an accomplished CPA and author worth listening to. The reason for this post is that the secondary mortgage market is making some significant changes.

If you own a property that has been in an LLC in the last 6 months, you might not be able to refinance it. Ever. This of course could throw some significant kinks..(read more)

1. A husband and wife were buying a home with me. The wife wrote a check for earnest money from their joint checking account. Both their names were on the check. The husband was the primary. The wife’s name was under his. Since the wife wrote the check and was not the primary on the account, the underwriter required the husband to write up a gift letter, donating the earnest money to his wife,..(read more)

When selling your home, the buyers will probably have a home inspection performed. This is should be expected, as it’s one of the most common contingencies. Few buyers skip this. Depending on the disposition of the buyers and their inspector, your potential buyers may produce a very sizable list of repairs to request from you. I’ve noticed an increase in this type of activity lately. Even..(read more)

The real estate market (this will come as a surprise to no one) is not the same as it was a little while back. Many of us Realtors are in a downturn. Bring it on! One thing we’ve noticed in our industry is some decrease in the overall numbers of Realtors. This is part of the market correction. Not only are prices coming down, but the number of Realtors is coming down also. Many pros will assert..(read more)

 Last week I wrote that this was coming. I mentioned how down payment assistance programs like Nehemiah might go away. Well, it’s been passed into law now. For buyers and sellers who do not know what I’m talking about…here’s the run down:

For a long time it’s been quite the norm for a buyer to ask the seller of a home to cover part of their closing..(read more)

  My goal for this post is to turn you on to a blog I subscribe to and that I think you should subscribe to also. It’s a simple idea…just posting inspirational and motivational ideas, but the writer does it consistently and with quality. I think you’ll find it beneficial to visit every so often. I talked to the author in a forum a few months back and ended up subscribing to..(read more)

  Bryan Sheets                     Weekly Market Watch Branch Manager, CMPS                            www.mortgagearizonainc.com                                          ..(read more)

The Economist reported today that the US is not the only country with housing issues at the moment. Home prices in Spain and Ireland are both experiencing an increase in inventory that they are having trouble selling off quickly enough. Home prices in Spain are still going up however, while Ireland is experiencing some price cuts.

New Zealand has been an investor’s dream in recent..(read more)

 What do top Realtors have that others don't? Is it luck? Is it skill? Is it a good business plan? The nation's top Realtors that I've met with have, with amazingly little variation, reported to me that it's all of these things. Yes, luck is part of building a successful business. But from what I've learned, luck comes much easier to those who work hard. There is a phrase that I've taken to heart..(read more)