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MVP'08
- 642 Answers
- 21 Best Answers
- 149 First Answers
- 829 Useful Answers
My name is Patrick Mahony, I have been practicing Real Estate in Phoenix Arizona since the beginning of 2006. Wow, what a crummy time to start a Real Estate career. In my previous life I spent 17 years as a commodity trader at the Chicago Mercantile Exchange. The open outcry business changed dramatically after the debut of the electronic trading platform. I came home on a Monday and asked my Wife of 18 years if she would like to move to a warmer climate. To this day I can not believe that I lived in those Chicago winters. By Friday my Wife Daragh had chosen a Town called Gilbert, in the Sunny state of Arizona. The reason we moved to where we still live today was the schools. Gilbert Unified School district 41. In my opinion the best school district ever. In the greatest City ever.
So why did I choose Real Estate. It started with wanting to flip houses. You remember flipping houses. Buy a home for 100K, paint it and sell it for 150K. Free money. Well, luckily after my previous experience as a trader, I knew we were in for a correction, and that there is no such thing as free money. Although In my wildest dreams I did not think it would be this big of a correction. I decided before I was going to risk a dime, I would learn everything I needed to know about Real Estate in Arizona. The price of land. School systems. Future plans of development, water supply, and local Government. A host of other details I won`t bore you with. During this time there was a loud cracking noise, and people started talking about foreclosures. The rest is history.
Here is what I practice as a Realtor. Treat people as you want to be treated. Answer the phone, respond to emails. No pressure, honest opinion. Work hard, and work smart. I really enjoy my Career. I am building a long term Brokerage. Maybe my wonderful children will take it over some day. Probably not. I have been blessed. My three children, Phelan 15, Peyton 11, Quinn 10, are incredible kids, destine for greatness. My Phelan has just completed her freshmen year at an elite college prep school. A Smart and beautiful take charge, no fear women. My Peyton.... When Peyton was 3 it was determined by doctors that she had a photographic memory. Needless to say she gets straight A`s and doesn`t study, which really bothers big sister. It is amazing what she can recall. Then there is the mighty Quinn. Quinn is living the childhood of Clark Kent and Babe Ruth. When it come to grades he competes directly with the Sisters, and must win.
What do I like best about being a Realtor. Web 2.0, Social Media. This career would really be boring if it weren`t for the Internet. Web 2.0 allows me to do so much more. Video`s, Digital Photos, Maps, networking, and continued education. the technology allows me to chart the trends in short sale, foreclosures, and Re sale homes. Finding your dream home? That`s a tough one. My dream home cost me ten cents on the dollar. In our current market we have a ton of Bank owned, Lender Owned, REO, whatever you want to call them property`s. There is a lot of risk in buying a bank owned property. Most of them are in poor condition, however once in a while there is a lender Owned home that is a great investment. The key is be ready to go with all your inspections, and close fast, or walk away before your 10 day addendum is up.
OK, Here`s the pitch. If you have any question about buying or selling Real estate give me a call (480) 543-9899 And another thing. Realtor, Client realtionships are a lot like dating. You would not get married on the first date. All of my Buyer broker & Listing contracts have a clause stating that...As long as escrow has not been opened, the client reserves the right to cancel ( Fire Me ) at any time.
Good day & Good luck,
Patrick
"About a month ago, I posted a question on Trulia asking for infomation on Gilbert, AZ. (I was not looking for an agent when I posted my question) My husband and I are relocating from Wisconsin. Although most who responded gave me some information I was looking for, but Patrick Mahony responded with exactly what I was looking for. We sent a few emails back and forth regarding properties, talked once on the phone and I knew I found an agent I could trust and feel comfortable with. We worked through email for a few weeks reviewing listings, he help us narrow down our search by visiting each property we thought we were interested in, took pictures for us and gave his comments on each home. Some properties he did not even take pictures for us because he knew right away this was not a home we would be interested in, then gave us his reasons. I tusted Patrick even being 2000 miles away. Last week we made a trip to AZ, met Patrick for the first time, toured homes with him and we could not be happier with choosing him as our agent. We were never once pressured. Referrals are important, I did not have one, I took a chance with Patrick and I am glad I did. I am sure there are many good realtors out there, but give him a call, I promise you will not have any regrets. www.ITSRealEstateAZ.com
Cathy
http://www.trulia.com/voices/Home_Buying/First_time_buyer_looking_for_single_family_house_-26257--"
Cathy Mon Mar 17
Patrick Maho
's Questions (25)
Patrick Maho
's Answers (642)
Patrick Mahony - Phoenix, Tempe, Scottsdale Chandler, Gilbert, Real Estate answered:
Wow! A 750 Square foot Gazebo...Depending on the type of wood, and if it has electricity....I say anywhere from $15,999. to $21, 578.50
The Realtor you choose should specialize in Gazebo`s. - Mon Sep 8 2008, 18:01
Patrick Mahony - Phoenix, Tempe, Scottsdale Chandler, Gilbert, Real Estate answered:
I don`t practice real estate in Chicago, and yes I know better than to answer questions out of my state
However I have bought and sold three homes in Chicago. The first two where with Duel agents. I am just saying if Jake wants the house, and its a good deal. His best chances of putting it together is with a duel.
The agent met Jake as a buyer then showed him a home, he had listed, and new Jake would be interested in.
The agent knows his fiduciary.
I think Jake is actually at an advantage.
Again I know better than to answer out of state, However what if Jake's top dollar is right at the sellers bottom dollar. The agent knows this.
There is no stand off.
Just my opinion.
Of course Jake you can ask the agent you are working with your question directly.
How about them Bears? - Mon Sep 8 2008, 08:48
Jake, the glass is half full.
If you really want the house, make the agent a duel agent. His fiduciary will be to the both of you. There are very few agents who don`t get giddy at the idea of a double payday. If you have to sign a buyer broker. Limit the time ( it can be any length of time ) Limit it to this one home.
That was your top dollar then. You have looked at enough homes. If this is the great deal that you think it is, pull the trigger. If not only give him what it is worth.
Remember the agent wants to put it together. Act nice and civil, if the deal goes South, let the agent go to voice mail.
It`s just business, make the right decision for you.
Good Luck - Sun Sep 7 2008, 19:54
Patrick Mahony - Phoenix, Tempe, Scottsdale Chandler, Gilbert, Real Estate answered:
Angie,
Arizona has everything your investors want. Multiple banks have hundreds of property's and are looking for bulk buyers.
In addition, I have bulk buyers looking for partners.
Let me know
Patrick
480-543-9899 - Sun Sep 7 2008, 21:31
Patrick Mahony - Phoenix, Tempe, Scottsdale Chandler, Gilbert, Real Estate answered:
Roger...Please don`t chance the sauce. I come up all the time.
One time I was in both pictures. - Sun Sep 7 2008, 21:06
Patrick Mahony - Phoenix, Tempe, Scottsdale Chandler, Gilbert, Real Estate answered:
Yes it takes time, Usually it shows up just in time. Really don`t worry about it. The higher ups at the bank need to sign off, they will wait till the last second.
Concentrate on what you are buying, review the inspection, know, what and how much it will cost, to be repaired.
The important papers that rarely show up in an REO, before it closes are the HOA, CC&R`s. You want to know the rules.
Be sure to check the local police for any reports at that address.
Good luck - Sun Sep 7 2008, 20:36
Helping people relocate from out of state is the most fun. In today's world technology plays a big part in finding that perfect home. Here is a small part of what I do for my out of town clients.
http://www.youtube.com/watch?v=KMuv9CE-x88
I really like this Market, It is separating the part- time Realtor, from the full time I have no life Realtor. Short Sales Suck, I hate them, in my opinion they are just a big scam. Think about it Banks don`t give away toaster anymore let alone 100K.
It is the Bank Owned, Foreclosed, Lender Owned, REO property that you want. There are some great deals on new builds, and there are some awesome deals on Lender Owned. I enjoy the risk, and the reward of a great deal. Currently I have 148 items on my REO Check list. Read my Blog under Bank Owned for some great, near disaster purchases. Not for the faint of Heart.
Latest:
Realtor for
Investors Trustee Services, INC.
I was pretty lucky to get a job with ITS, INC. All Business no Games, so you can see why I stay out of the office, and make videos all day. As for my Broker and his staff, some of the sharpest minds in the Real estate and Mortgage world. It is phenomenal, to have the support of such a great company on speed dial.
July 2007—present
Previous:
Realtor for
Keller Williams East Valley
Realtor stuff.... Keller Williams was and is a great place to start out. On average I took about 20 hours of classes a month, never boring always informative, Made some great friends there
January 2006—July 2007