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Tanya Marchiol with tips on how to get your real estate license and succeed in this economy
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He outlasted time AMR -- real estate expert joining us via Skype from Arizona -- -- -- I think a much for having me good morning to you it's very early there.
I'm very not -- but if -- earlier than it is here we're kind of and it maybe they can balance right now.
-- right -- that's so hard topic for today is talking about how would the job market being rough people might wanna consider breaking into the real estate market which is your territory so how would you suggest that that happens.
All the -- -- things number one obviously the biggest it.
If you know.
You're talking and I haven't -- -- here partly a matter what it.
You're dignity act -- -- -- I'm really researcher market we talked al-Qaeda and no national market.
But you don't need you know -- nick -- here.
Re angry they're understanding -- island new Yorker I'm -- really understands.
On both.
-- importantly you can -- I.
-- -- so it -- all real estate is definitely local I guess that's the theme here on the now.
This is people do you know -- interested in doing this as a part time doubt.
I -- it.
Why didn't he and especially in any state like Arizona everybody I've -- going to be I think -- personally that they realtors.
-- -- -- -- -- -- -- -- -- I tell you -- would be very very careful.
You know cumulative that they can't think of -- you'll ever make in your entire life I.
You want someone would hurt I'm healthy -- you want someone who isn't just America in this market -- CAA and implying is that you know.
So not not be anyone trying to -- his -- -- I think there are quite appropriate stop their luck might be made it real estate and I guarantee up.
Understand the market and then you'll -- markets here to help someone out.
I don't really in here buying here you want it at a certain -- it -- -- aggregate data will be out and I appreciate it exactly right.
Yet not to mention it is them.
It requires a lot of time you have to work weekends there is sermons aspect of this have to be nice to people -- you -- in the prison industry.
-- -- -- He's I have to record industry more than anything else and really you happen -- you know indirectly your neighborhood school -- understand.
Here I didn't -- -- be in the district is beyond certain I want -- -- and you don't get this straight.
I understand your I can tell it not -- I think that property is really -- your ideas.
An excellent point -- so is the real estate market where you are one of the hardest hit states Doreen.
Housing bubble and you're covered right now how would you how would you define in Arizona.
The yen appreciates when he hypocrite and -- credit.
Here which is absolutely amazing.
I don't -- that strength continually.
Need.
Easy and we will continue to appreciate -- -- I didn't mean yeah.
And they -- you haven't stopped here and Latin slightly world market and you know a lot of answers delta we have a lot of Landler that there are a lot of -- Israel.
It.
And how is the foreclosure situation playing out in Arizona.
Well engine being out of a little money per cent on September October in area now that.
I didn't date are actually -- more homes on that they're trying to -- Delaware attracting -- somebody had to go to our -- and China -- However there taking both properties back -- putting mind.
And they have a and I pray it didn't -- -- and he won my.
You're not getting good bargain basement prices that you work from that -- -- a very big opportunity make it yeah I'd -- if you really hate the.
That's a good plane so that's good for people trying to sell their home they can finally maybe get something back for -- What see is the biggest impediment nationally right now to the housing market were not back to -- -- people say we might have hit bottom are headed in the right direction but it's it's.
It's not normalized yet so what's the problem rates some -- we know that those so when he what do you think.
-- -- -- -- I didn't he didn't -- That debate coming up and the presidential election and then everything that -- and people don't really sketchy at least laid out I think -- gonna -- out.
No I don't know very many people a lot of the government and having -- battery at a housing -- -- anything that would help because free market reaction right the other.
Like -- you're hearing on.
And people coming in idea that our -- mr.
-- under.
Don't understand that there still -- million.
Well there under water that down in the secondary -- got elected in December and 123.
Million people have actually.
They didn't lifted out of that up foreclosure that'd be part of equity which is really rate them however we -- ordinary people under a lot of the last one million homes that somehow or another either have to hit the market or equity have to -- Then they come out -- that underwater position.
So there are a lot of -- very easy way you have to remember if you -- your findings of fact I didn't buy it by treatment.
And up prices are still relatively low and it it really that -- That four million number is nationally Tonya.
It and I would want US my realtor well -- can't -- and you know yourself.
What do you talk a little bit more about when you say the government has to get out of the housing market can you dissects the -- and a little that.
Strict no you know we're still I think principal reduction -- the government want the government direction and I -- -- and I believe it could learn actually end it.
-- not -- -- by the cat hair and pack and actually bailed out that they want to point Blackberry fourteen trillion dollars and that -- be sitting on one point.
I Chilean ultimately -- that they really hate that period -- that thing -- reduction and right up over the next and here and take that at.
Actually let day all the valiantly -- I think probably won't and -- will be in this debacle at the ordinary homes and greatly.
-- -- Now.
The market's doing OK because the Fed is backing it it's basically saying we're gonna buy up.
All of these mortgage backed securities ever -- -- month and until the -- everything gets better right.
Still yeah you talk to your clients today's think that they have -- 2015 maybe even longer to buy a home because they have the Fed helping them or they little bit more antsy to buying now.
Well what guiding that it inventory.
Because they're in the industry issued inadvertently is.
We see inventory write -- theater -- because people regular sales are coming.
And that will continue to attract.
-- -- However.
You -- you know what you're talking about they really -- I don't think I'm less.
But the market is stable I think you really don't happen without it you know.
That deal that you can be GE you know the market and I have -- look -- right yet.
But what we have to remember is that inflation -- got a fat I think obviously if you're fine with us actually actually -- part of -- dollars -- If -- -- women -- are pretty worried are they actually had better it is indeed Kathy really your decade -- flat well.
So you know when -- don't think that he's sharing your understanding where the island you have to think about all these elite beauty and -- that they didn't.
The bottom line is a lovely people aren't that -- I think it remains -- and cash flow this.
He can't even with the inflationary being out little rental -- pointed it right and you're going to be ready I'm here well.
Some appreciation attitude after our cash and you had a solid cash flow -- -- that he can position.
Time and thank you so much for your insight this morning.
Here -- -- team investments.
Ink dot com.
