(760) 237-8006

Blog Archives

How To Lower Your Real Estate Property Taxes…







How to lower your property taxes

Despite home prices in major urban centers decreasing 31 percent between 2005 and 2009, property taxes across the U.S. increased by nearly 20 percent. There is good news, however; homeowners can fight back.

Making sense of the story

- Homeowners should keep in mind that property taxes do not always correspond with home values, because local governments typically don’t measure values every year and some have limits on annual property-tax increases.

- As a result, current property taxes might reflect the home’s value when the market was healthier. According to the Congressional Budget Office, property-tax adjustments lag behind changes in home prices by an average of three years.

Although homeowners cannot change their property-tax rate, which is set by the local government, homeowners can get their assessment lowered if they appeal to their local assessor.

One key to a successful appeal is fact checking the assessor’s work. About half of all successful appeals come from homeowners pointing out an error in the assessor’s description of the home, according to one property tax expert.

- During the appeal process, which is similar to a less-formal court hearing, homeowners may present their case to several local officials or representatives. The simplest way to convince officials that a property has been incorrectly valued is to provide evidence of the sales price of homes that are comparable to the property being discussed. This should include square footage, amenities, and neighborhood characteristics. Sale documents and photos of the property in question, as well as the comparable properties also should be brought in.

- Homeowners who have made improvements or substantial changes to the property should be cautious about appealing an assessment though, as it could have negative effects and actually increase the property’s value and, in turn, the property taxes.

From Aug 25th, 2011. C.A.R's Market Matters
Reprinted with permission of the CALIFORNIA ASSOCIATION OF REALTORS®


Contact me if you have any questions or need any help with Real Estate,

Oliver Graf

Real Estate Expert
Follow me on Twitter: Twitter.com/OliverGraf360









Posted in Uncategorized
How To Turn Short Sale Failure Into Success (Part II)

If you've missed part one or part two of this story, please
read those first by visiting our blog:

http://realestateblog360.blogspot.com/2011/08/
how-to-turn-short-sale-failure-into.html

(Note: if you haven't read part one and part two of the

So by now you know that we had a "short sale failure" on
our hands, but we came up with the brilliant idea of a
"release" to save this deal.

Here's how we structured it:

1. We had a verbal from the lender at $298,000 and an offer
from an "end buyer" at $320,000.

2. At these prices, there's little spread, so we went back
to the seller to place an option on the property.

3. We told the end buyer that if they agreed to pay our
"contract release fee" of $20,000, they could buy the
property for $318,000 instead of $320,000.

4. The buyer agreed (at $318,000 they were getting a great
deal on the property!)

5. Escrow handled everything for us, and here's what ended
up happening:

- The homeowner avoided foreclosure
- The listing agent got paid
- The buyer got a great home at a great house
- We got PAID and we didn't even flip the house

Here's a link to download the release form if you want to
use this same strategy in your own business:

Download Here

Be on the lookout next week, because we're going to be
sharing a way that we'll show you exactly how you can work
directly with us and get direct access to us and all of our
killer insider strategies just like the "release".

Until next week,

Mike & Sam

PS- The "release of contract" strategy works! Download the
document our attorney created for us here, free of charge:

Download HereLink

Posted in Uncategorized
How To Turn Short Sale Failure Into Success (Part III)

http://investorinstitute.com/downloads/Option/Release/Tamarisk.pdf
If you've missed part one or part two of this story, please
read those first by visiting our blog:

http://realestateblog360.blogspot.com/2011/08/
how-to-turn-short-sale-failure-into.html

(Note: if you haven't read part one and part two of the

So by now you know that we had a "short sale failure" on
our hands, but we came up with the brilliant idea of a
"release" to save this deal.

Here's how we structured it:

1. We had a verbal from the lender at $298,000 and an offer
from an "end buyer" at $320,000.

2. At these prices, there's little spread, so we went back
to the seller to place an option on the property.

3. We told the end buyer that if they agreed to pay our
"contract release fee" of $20,000, they could buy the
property for $318,000 instead of $320,000.

4. The buyer agreed (at $318,000 they were getting a great
deal on the property!)

5. Escrow handled everything for us, and here's what ended
up happening:

- The homeowner avoided foreclosure
- The listing agent got paid
- The buyer got a great home at a great house
- We got PAID and we didn't even flip the house

Here's a link to download the release form if you want to
use this same strategy in your own business:

Download Here

Be on the lookout next week, because we're going to be
sharing a way that we'll show you exactly how you can work
directly with us and get direct access to us and all of our
killer insider strategies just like the "release".

Until next week,

Mike & Sam

PS- The "release of contract" strategy works! Download the
document our attorney created for us here, free of charge:

Download Here

Posted in FreeSDHomeSearch
How To Turn Short Sale Failure Into Success (Part I)
So the other day, I sent you an email telling you about a
short sale deal I was on the verge of losing.

In fact, if you haven't read the first part of the story
(if you missed that email), then please STOP reading this
email, and check out my blog for part one of the story:

http://realestateblog360.blogspot.com/2011/08/email-short-sale-failure-embarrassing.html

If you don't read part one of the story, the rest of this
email won't make any sense.

Now back to "part two" of the story:

I felt sick to my stomach knowing that this deal was about
to die, and there was nothing I could do about it.

If you've been investing for a while, in this crazy, ever-
changing short sale world that we live in then I'm sure you
know this feeling.

Anyway, as I left the office that day, knowing that I was
just going to have to bow out of the deal, a light bulb went
off in my head.

I could record an option on the property...

I was going to have to go down to the county courthouse, and
fill out a document to get the option recorded. I was going
to have to get it notarized, and the whole process just
reminded me of how frustrating it was going to be to do all
of this "work".

And that's when the lightbulb went off!

I realized that I was going to have to do some "work" to get
the option released.

And why, if I was going to have to do this "work", shouldn't
I be compensated for my time?

Shouldn't I be compensated for releasing my option, and my
interest in the property? I mean heck, my team had already
done all of the work getting this thing negotiated. In fact
the listing agent was loving me right now, because I'd done
all of the hard work for him.

And what about if I had the buyer "pay" me for my work, and
"releasing" my option on this property, so that they could
close in my place?

Well I contacted my attorney, had him draw up some documents,
and the next thing I knew we were on the phone to the buyer,
and about to save this deal and make it work for everyone!

There's a lot that goes into exactly how I structured this
"release", so in my next email to you, I'm not only going to
break it down for you (step by step), but I'm also going to
check with my attorney and see if it's okay to just *GIVE*
you my option release document.

Until then,

Mike

PS- Make sure you keep your eyes open for my next email, as
I'll reveal everything to you inside of it. The subject of
that email will be:
"How To Turn Short Sale Failure Into Success"

PPS- Just so you know this strategy actually works, here's
a copy of the check (and note the date on the check, we only
*JUST* close this deal...this strategy works!)

Posted in Uncategorized
Email: A Short Sale Failure (Embarrassing To Admit)
I know that we've been terrible about communicating with you
lately, and for that we want to apologize.

But the truth is Sam & I have just simply been too busy
doing deals and working on our real estate investing
business and haven't prioritized engaging you.

But that's all about to change.

Simply put, Sam & I are doing a better job of defining our
roles within the company, and part of that is doing a
better job of giving lots of great information to you,
our subscribers.

Another reason that we haven't been communicating with you
is that we nearly had a massive short sale failure, and I
wanted to tell you about it.

As you know, Sam & I are "super experts" when it comes
to flipping short sales.

But even people at their top of their game can be humbled
sometimes...(heck, have you seen Tiger play a round of
golf lately?)

Anyway, last month we were working on this really great
deal. Here's the story...

We found the deal by someone on our team calling the list
of active short sales on the MLS, here in San Diego.

It had been sitting for 1 month, with NO offers.

The listing agent had it listed for $350,000.

We wrote the first offer on it for $290,000 back on
March 29th, and we felt that at that price, we'd have a
nice little "flip" and resell it for a tidy profit and
move onto the next deal.

Well the bank countered at $309,900, and basically told us
"Take it or leave it"!

Now while we were in negotiations on it, we were actively
marketing the property, and we found a buyer for $318,000.

Well you can quickly do the math and see that by the time
closing costs and transactional funding is paid for, there's
NO profit in reselling an approved deal at $309,900 for
$318,000.

I felt terrible, because my team and my negotiator had
worked on this deal for months...

And if you've ever worked on a short sale and couldn't get
it approved at your magic number, then I'm sure you know
how frustrated I felt.

I felt like a failure...

Mostly, because I was letting down myself, my team, the
homeowner in distress, and the buyer.

Now I'm not one to stand in the way of a deal, and hold
a homeowner hostage.

At this point, I was getting ready to just let the end buyer
close in my place, and help the homeowner avoid foreclosure.

And while I'm sure you agree that this is a noble gesture,
noble gestures don't pay my negotiators, my sales teams,
my office space rent, and all of the monthly overhead that
I'm on the hook for each and every month.

I've lost deals before, but this one was hitting me especially
hard, and I'm not sure why.

Feeling terrible, I left the office that day, knowing that
a whole bunch of time, energy and effort had been flushed
down the drain.

Then all of a sudden, as I was driving in my car, a lightbulb
went off...an idea so "crazy" to save the deal, and let me
earn some money it it, that was so crazy it just might work...

I've got to run now (I'm working on another deal), but I'll
pick up this story in a day or two...

Don't worry, it won't be 3 months later like the last time
we emailed you...I promise!

Until my next email, just know that if you've ever lost
(or you're about to lose) a short sale flip like I'm
describing here, I've felt you pain...but I also have an
inspirational story in my next email that should lift you up.

Until then,

Mike


PS- Again, we're sincerely sorry about the lack of communication.
Don't worry, however, as this is all about to change...

Posted in Uncategorized