Own It Girl

In this episode we will talk to a truly inspiring woman! Dana Martinez Parker joins us to talk about how she started investing in real estate!

• Her history - working on the slope in Alaska
• Building a house
• investing in rentals
• investing in REITS (Caliber)
• Looking at flips

Of course we check in with Tom Ross with Bay Equity Lending and talk about what you need to know if you're in the middle of forbearance and what the rules say about when you can refinance, change to deferment, etc.

Tina Tamboer of the Cromford Report talks about the state of the real estate markets in the Valley, including;

• The latest on contracts in the valley
• Where are the hottest places for real estate activity
• What's going on under $500k

We also have a funny story to share about the statute of limitations on bringing up old gripes and a hilarious TikTok video from @lydialoo121 that we just had to share with you!

Today's show is full of facts, fun, and most importantly good news!

I start off with the strangest story of the fire department coming out to my house just because the smoke alarm was beeping (okay, the story is way more than that).

Tina Tamboer is the market analyst for The Cromford Report and has some really interesting data that shows real light at the end of this tunnel!

Tom Ross talks about what he's seeing in the lending market and how taking advantage of lower interest rates for the foreseeable future is a really good idea.

We talk about what we've all been experiencing in the later stages of the first "phase" if you will of this pandemic, and three things we've each learned. We'll talk about what you can do to prepare yourself for a purchase as well. And maybe...JUST maybe...Brian (our producer) has come up with a good nickname for Tom Ross!

On this episode of Own It Girl we talk about a new term I'd never heard of... "Isolationship". We also discuss the state of the real estate markets here in Arizona and let you know about whether or not you'll have to repay all of that forbearance in a lump sum. Good news on all fronts. Tina Tamboer with the Cromford Report and Tom Ross, Branch Manager of Bay Equity will get us all the latest information! I also talk about a really interesting article in ViaCharacter.org.

Alicia Guerrieri is our guest and owner of iSearchDecor.com, and author of "Making It Pop - 5 Step Guide to Professionally Optimizing Your Property to sell at Maximum Return." Buy her book at Amazon.com. We'll talk about an amazing story about her son-in-law diagnosed with COVID-19, what can women be doing right now to take advantage of this time at home to spruce up their homes for sale.

• What are buyers looking for in a house these days?
• What are the hot trends in decorating right now?
• Making it POP - 5 step guide to Professionally Optimizing your Property to sell at Maximum Price.
• Alicia started a training for agents on staging.

• Modern Ivory - Dunn Edwards
• Bone White
• Exclusive Ivory - Dunn Edwards
• Cream Wave

• Swiss Coffee - Dunn Edwards
• White Dove
• Mike Glass
• Droplets - hint of grey

• Grey Owl - Benjamin Moore
• Worldly Grey - Sherwin Williams
• Amazing Grey - Sherwin Williams
• Olympus White - Sherwin Williams

On today's episode we're talking to Tania Lopez-Cepero, a licensed therapist who gives us some great tips and advice regarding how to take care of our mental health through this pandemic! You can email her for more information at [email protected]

Also, we have some great news about the latest market activity regarding contracts in a certain price range up 64% and what that means for the state of real estate and possibly a direction of things to come. Tina Tamboer of the Cromford Report brings her exclusive commentary!

I'm going to share a wild story about what an agent recently did regarding social distancing and how she shut down her own client because she didn't want to be dictated to about how she can look at a property.

Tom Ross with Bay Equity will talk about home loans, where we're at with timing of escrow, what specifically is delaying closes these days and much more!

Once again we're bringing you the latest information and numbers in real estate and mortgages during the Coronavirus pandemic. We have some encouraging numbers and we'll talk about some really interesting examples where fear sometimes takes precedence over facts.

We'll talk safety measures in real estate because the fact is, people still need houses!

Albert Einstein said, "In the middle of difficulty lies opportunity." So, how do we seize the day? How do we turn these difficult times into opportunity?

Tina Tamboer has our market report and she'll focus on Phoenix metro real estate market update under $1M, whether sales are increasing/decreasing, and where the busiest real estate markets are in the Valley.

Tom Ross with Bay Equity will get into mortgage markets normalizing, the value in recent public comments from the FHFA about "backstopping" loan servicing companies, which will help stabilize interest rates and make loans more available.

Thanks again for listening and be sure to follow us and share this podcast with a friend.

So we're into this a month, a month and a half. Many people are confused and frustrated. Outside of some of the tips in today's episode…my best advice is get off social media! Not only are people fighting with their friends but you're getting hit with a bunch of misinformation from so called "experts".

We all know how the algorithms work, you search one thing….you get a bunch of ads and offers about the same thing. It's no different than info on the Coronovirus virus and we'll talk about a few articles in particular that are flashy headlines that use the word "crash" among others. Wait until you hear what constitutes a crash in the real estate market!

First, if you need help paying your mortgage contact your lender now! Many are doing deferment plans – and Tom Ross will tell you exactly what might and will not be reported to the credit bureaus.

There is some local help as well that was set up during the housing crash from the late 2000's. The "Save Our Home AZ" program offers principal reduction assistance, monthly mortgage subsidy assistance for under and unemployed Arizonans, and second lien elimination assistance to qualified Arizona homeowners. The program's goal is to aid Arizona's homeowners in avoiding foreclosure by assisting with mortgage affordability.

https://housing.az.gov/save-our-home

Tina Tamboer of the Cromford Report will discuss the current market data that you will want to hear. There is encouraging news on several fronts, and again, using facts – not flashy panic inspired headlines and clickbait.

On today's show we discuss the ongoing COVID-19 crisis and the impact on the real estate markets. Some really interesting numbers are coming out and you don't want to miss Tina Tamboer's analysis of the Arizona real estate market!

If you watch the news you could be quick to assume that every single part of the real estate industry is in freefall; and in some areas there are challenges - no question about it. But as you'll find out in this episode, for the most part prices are not falling for real estate.

High end real estate purchases by investors are about the only area where the buyer is completely stepping aside - and this is creating an interesting (and positive) dynamic in the market. Tina and Tom talk about home affordability and what that lack of price "run up" does for the average homebuyer.

Share this with friends - especially those who are buying or selling! It's important to keep a level head in times like these.

We also talk about what we're doing in our spare time with social distancing and staying home - like a sex education party with friends online!

In this episode we'll talk about everything you need to know about forbearance and deferment, but we really need to reinforce this important fact: REAL ESTATE PRICES AREN'T DROPPING.

I'm Dianne Brennan and I join Tom Ross with Bay Equity, and Tina Tamboer, data analyst with The Cromford Report to bring you the latest on home values, and what is and isn't being affected during this time in real estate.

Tina talks about a very slight adjustment in pricing from sellers who had active listings. The suggestion here is that this is a "pause", not a crash.

An incredibly important resource for those with mortgages in Arizona affected by the distress in this current environment. It actually has been around since the 2008 mortgage crisis and is a great help. Visit https://housing.az.gov/save-our-home

I have a showing with the owners currently occupying the property. Their approach is not to show unless they have a contract. I'll talk about that approach and options using Matterport, a great 3D camera service that creates an incredible walkthrough view of a home.

We talk about the circumstances behind a recent cash buyer that backed out of a deal.

I ask Tom the dirty details about forbearance, and what someone should do if they are being affected. First, we define specifically what it means, the difference between that and deferment, and Tina discusses obligations you'll be responsible for when it comes to taxes and insurance.

Tom expands on the state of "loan servicing" and the panic that has been occurring.

This is an interesting part that many might not realize. Tom will discuss what lenders are required to report when it comes to potentially missing payments.

On this episode of Own It Girl, we're discussing COVID-19 and real estate. We're going to give you a clear idea of how bad it is…and more importantly how bad it is NOT. We'll give you up to date information on how things are being affected and conducted in real estate here in Arizona.

Our clients are the most concerned about prices and I'm sure you are concerned as well. We'll get to the bottom of that with Tina Tamboer and the Cromford Report. You may be surprised with how little they may be affected.

Some of the areas of buying and selling in this marketplace we'll touch on are;

• People whose leases are coming up and need a place to live
• Showing listings to vacant vs. occupied locations
• How my sellers have no problems selling (depending on whether the property is occupied or not)
• What opportunities exist for buyers out there and at what price points

We'll talk about the use of technology to help overcome the social distancing factor, the public "shaming" that is going on for open houses, and much much more.

Tina Tamboer's report is essential for those interested in some of these immediate effects of Coronavirus. This will give you a better picture of what to expect going forward.

Tom Ross with Bay Equity Home Loans will talk about where there is weakening indicators for loans and where things remain strong.

Are you in a position to refinance and should you? What is the COVID-19 addendum for deals in escrow? What are Fannie Mae and Freddie Mac saying about forebearance and how does this compare with the housing crisis in 2008?

And on a lighter note, I'll talk about the City of Scottsdale process server who felt it was essential to come to my door and serve me a photo radar ticket during this time!

Enjoy,

And yes, we do mean now! We are definitely in uncertain and unprecedented times...with the volatility in the stock market a lot of people are worried. It turns out the virus isn't the problem. It's the panicked reaction to it - fear and anxiety is really out of control.

Things are changing constantly and we're all trying to find a new "normal". I'll share a funny story about a valet who presented himself as "not afraid of all this germ stuff", and what I saw after we shook hands..

Then we'll jump right in to the top 5 reasons to buy a home right now (yes, right now) in Arizona.

1. You need somewhere to live!
2. Cash investors are out - which can be good for you!
3. Prices are going to continue to rise
4. Affordability is normal
5. Prices are going up...but mortgage interest rates are DOWN

And we may even give you a bonus reason!!

I talk with the regular cast of experts Tom Ross with Bay Equity and Tina Tamboer with the Cromford Report.

Thanks to Michael Land who put together our incredible theme music (visit MichaelLandMusic.com for more info), and Brian DuBose with OnWeb Productions who puts the podcast together!