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Douglas Trudeau , Assoc. Broker
Prudential Foothills Real Estate
64 N. Harrison Road, Suite 160
Tucson , AZ 85748
Mobile: 520-954-2209
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Archive for the 'Real Estate News' Category

Affordable Housing - Housing America 2007 Petition

August 21st, 2007 categories: Real Estate News

Inman News is always a good source for the latest in real estate news. Inman’s article Blog petition promotes affordable housing is worth while reading. I support the effort and getting the word out to help create more affordable housing.

My son and I tried our hand at affordable housing. The construction costs kept going up. The major problem is greedy land owners not willing to sell their lot for a reasonable price. A house we were building then selling for $150,000 was ending up costing more than that to build. Suddenly we were forced into a $200,000 home almost over night. Add to that city sales tax of 2%; as if they didn’t get enough on the taxes paid for materials bought, building fees, sewer connection, and impact fees. The last one we sold cost us $5,000 out of pocket to sell. Our dream of providing affordable housing went poof. As did the dream of many potential homeowners.

Through my company, Long Realty, I donate a substantial amount of money to Habitat For Humanity. That’s one way of helping. Plus many of the Realtors in our office go out to help build the homes we support.

Affordable housing is a valuable need to many needy families. Any support anyone can give will be rewarded in the years after in my book.

Authored by Doug Trudeau | Discussion: No Comments »

The Herd Mentality Gone Wild

August 19th, 2007 categories: Real Estate News

Zorro An Interesting post from Inman News, Who Was That Masked Analyst, lends to the credibility of the herd mentality creating panic. I admit, the mortgage industry is going through a rough time. Never said it wasn’t. More blood will be shed before the war is over. The strong will survive, the weak will fall, and there will be some collateral damage in the interim. Some markets will be harder hit than others. Responsible reporting and commenting will help to curtail unnecessary loss of bystanders who get trampled by the herd.

Sinking Ship This story is a good example of the old adage, “Lose lips sink ships.” Not so much that secrets are being revealed as much as thoughtless comment without consideration of repercussion. To keep the market going, buyers need to buy, the secondary market needs to proceed, and the wheel needs to continue to turn. Lessons should be learned, and history not repeated.

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Authored by Doug Trudeau | Discussion: 7 Comments »

What Every Realtor Should Know About Old School New School

June 1st, 2007 categories: Real Estate News

What every Realtor should know about Old School and New School.

In a time when many Realtors are scrambling to make sales in an over supplied Buyers Market there is a need to mix old school with new school. A significant number of Realtors today have lived off the fat of the lamb during a booming growth. Some areas of the United States are still growing. What has developed are so to speak fat lazy agents who are finding it hard to survive.

Ben Hogan once said, “I feel sorry for rich kids now. I really do. Because they are never going to have the opportunity I had. Because I knew tough things. And I had a tough day all my life and I can handle tough things. They can’t. And every day I progressed was a joy to me and I recognized it every day. I don’t think I could have done what I’ve done if I hadn’t had tough days to begin with.” Those of us who haven’t been through the tough times are going to find it tough now. The strong will survive, and the weak will be eaten alive.

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Authored by Doug Trudeau | Discussion: 5 Comments »

Top 7 Characteristics Your Realtor Needs

May 26th, 2007 categories: Real Estate News

Top 7 Characteristics Your Realtor Needs:

1. Honesty – When interviewing a Real Estate Agent look for honesty. Is the Agent answering your questions to apiece you or are they telling the truth. If each Realtor® comes in with a price higher than the previous, are they just trying to get on your good side to list your home? Be suspicious of those who promise too much. Can they really deliver what they say.

Muscle 2. Strength – How strong is the Agent when you put out objections. If the Agent crumples under pressure this could be a good indicator of weakness during the negotiations between you and a buyer. A balanced level of strength to handle objections with empathetic understanding is ideal. Your Realtor® should have the ability to negotiate a win-win situation.

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Authored by Doug Trudeau | Discussion: 5 Comments »

60 Minutes - What Everybody Ought To Know About Real Estate Commissions

May 13th, 2007 categories: Real Estate News

Today I watched a tabloid style presentation from 60 Minutes about Chipping Away At Realtors’ Six Percent. There are dozens if not hundreds of people incarcerated for this perspective of preconceived notion. During my 20 plus years in the Criminal Justice System I was taught to investigate to find the person innocent. If s/he is guilty that guilt will stand out. 60 Minutes took a very slanted approach to the subject she reported on. The questions posed to the REALTOR® were more like an interrogation.

First, not all commissions are 6%. Some are lower, some are higher. I have listed numerous homes for 7%. There are Realtors who manage to get 8% or more. Commissions are negotiable. I have had clients tell me that I should have charged more. I don’t want to charge more. What I charge is fair and reasonable for that client. Commissions are negotiable. Its not a fixed rate.

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Authored by Doug Trudeau | Discussion: 4 Comments »

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