Timothy Real Estate Group | Vallarta Mexico

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2016 Vallarta Real Estate Fair Is Big Success

This year’s Vallarta Real Estate Fair had a record turnout with more exhibitors and attendees enjoying the fair than ever before.  The highlights of the Fair were the two seminars that were heavily attended by locals, buyers and sellers.  Lic. Jessica Riedesser spoke about Sellers and Buyer’s closing costs which afterword had a very lengthy …

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Vallarta Inspired Living News: Caring For Kids

What is DIF? You may have driven by the DIF Community Center on the north end of Puerto Vallarta proper, and seen families and children playing outside or standing in line and wondered what this building holds. DIF stands for Integrated Family Development (Desarrollo Integral Familiar). We’ve heard DIF referred to as the Mexican welfare …

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Reading Between the Lines: Understanding Your Real Estate Buyers and Sellers

Understanding Buyers and Sellers

Welcome back,

As real estate investors we often have to be quick when it comes to reading people and making decisions about our buyers and sellers. While it is necessary, in this author’s mind, to be caring and honest with people you are dealing with it is also warranted to protect yourself from loss of time and mental energy strain when dealing with the public.

I heard a quote that says, “How you do anything is how you do everything.” What a perfect quote for this article. Below are a few examples to be aware of that can show how people really feel without them telling you anything. It is true that, in most cases, actions speak louder than words when it comes to conveying people’s real feelings and traits.

The examples below are not based on any scientific data and are only this author’s opinion based on a decade of investing. If you disagree or would like to add any examples for us all to learn from please comment them below.

Keep both eyes open during your first few meetings or phone calls with potential buyers or tenants. Your B.S. detector should be on high alert during these times. When dealing with buyers and potential tenants they “should” be on their best behavior with you. Be aware of over friendly or disrespectful attitudes, profanity, and worst of all excuse-syndrome.

Let’s break down these behaviors…

Over friendly or disrespect attitudes from buyers and/or potential tenants: A buyer or potential tenant should have the idea in their mind that this is a business relationship. If you are being called sport, champ, boss, buddy or pal I advise to quickly correct this before moving forward. Ideally a yes sir/no sir or yes ma’am/no ma’am attitude should be used by your clients. Please note that this casual attitude is not a good or bad thing, however it may show a lack of respect for you and your role as landlord and seller.

Profanity: Street slang and profanity can tell you a lot about a person. If, on your first occasion, your applicant is using slang towards you or using profanity in front of you towards others or their children then be aware this will only get worse. While using profanity or common slang does not solely group a person as definitively one way or another it does show a lack of respect for your role as landlord or seller.

Excuse syndrome: Be on the listen for a victim mentality and excuses in your future buyer or tenant. If you hear excuse after excuse then be prepared that this will only continue when trying to collect your monthly payments from these sellers.

No call, No show: Buyers and sellers are finicky and wishy-washy. If a seller or buyer has not called you back concerning your offer they have given you an answer already. A no call often means these once interested parties are likely no longer interested in your home or purchase offer(s). This may not always be …read more

Give Our Puerto Vallarta Charities a Helping Hand

We are once again organizing the House Hunters International Charity Event benefitting Becas Vallarta Scholarships, >Make-A-Wish Foundation, >Asilo San Juan Diego Senior Assisted Living Center, and the Puerto Vallarta Botanical Gardens. As we are getting ready for this exciting evening of food, drinks and entertainment we are in need of items that can be raffled …

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Vallarta & Feast Of The Holy Innocents

Fools’ Day in Puerto Vallarta: Be careful what you read in the news or see on the television in Puerto Vallarta on December 28th; it’s Fool’s Day in Mexico. Though we have comparable days north of the border, the Day of Innocents can seem to some to be a bit more extreme; everyone seems to …

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SEMANA SANTA 2015 – PUERTO VALLARTA

Here it comes, Semana Santa 2015. Easter Sunday is April 5 and the week before is Holy Week (Semana Santa) and the week afterward is called Semana de Pascuas (Easter Week). The biggest national holiday in Mexico. The Secretary of Tourism reports that Puerto Vallarta hotels are already booked to a 85% occupancy and are …

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Puerto Vallarta: Yum!

Holiday Dinners in Puerto Vallarta We’ve recently been involved in conversations about scarcity and abundance of familiar foods during the holidays in Puerto Vallarta. We’ve talked about this before but there are always new and old ideas to share with newbies and also with faithful oldies. This year, once again, turkeys seem to be the …

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Puerto Vallarta Folklore Festival

Puerto Vallarta Folklore Festival No one wants to miss Puerto Vallarta’s Twelfth Annual Vallarta Azteca Festival of International Folklore. This year the event joins Puerto Vallarta’s centennial anniversary celebration, begins this coming weekend, May 10th and continues for ten joyful days. This will be a major tourism promotion for the city and there has been …

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Puerto Vallarta: Is The ‘Mordida’ A Good Idea?

The Mordida For anyone who asks, if ever pulled over by an officer of the law in Puerto Vallarta, we always advise to keep your money in your pocket and take the ticket. There are still come cops who will accept a bribe (mordida), though we hear and see this practice less and less as …

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Cora Holy Week (La Judea)

 (Jesús María Municipio el Nayar, Nayarit) Holy Week celebration has many interpretations in different parts of México; almost every community has a way to represent the events that lead to the Passion of Christ”. The most interesting ones are the ones represented in Indian communities, because of the syncretism of the Indian and the catholic …

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Buyers Ready to Invest in Credit Risk Bonds with Freddie Mac

Freddie Mac

Starting back in July of 2013, Freddie Mac initiated a risk-sharing plan to transfer some amount of their residential mortgages credit-risk exposure from taxpayers. The offering was to attract other sources of capital from the private market, like banks, mutual funds, and insurance companies.

The Structured Agency Credit Worthiness (STACR) debt notes offering has received investment grade ratings from Fitch and Moody’s, and attracted over 50 different investors. Effectively, any investor that bought more than $1 billion in bonds now shares the risk of a portion of losses that could happen if some mortgage borrowers don’t end up repaying their loans.

Freddie Mac is back with another installment (third) of its risk-sharing deals under mortgage credit securitization platform. So far, these credit-risk deals have received an excellent response from the investors and the government enterprise is ready to come up with similar deals in future.

The past few months have witnessed an increase in the investor pool planning to invest in these government bonds. We can expect a regular issuance of similar deals throughout this year and the government plans to increase the credit risk on private investors in small installments.

Key Points of Third Risk-Sharing Deals

  • More than 65 investors are now participating in this offering.
  • Single-A Rated Class Pricing: one-month LIBOR with 100 basis points
  • Triple-B Rated Class Pricing: one-month LIBOR with 220 basis points
  • Unrated Class Pricing: one-month LIBOR with 450 basis points

The most interesting fact is the introduction of three different bonds in the STACR 2014 series with the target to offer additional protection to Freddie Mac and offer healthy combination of products. Freddie Mac anticipates that these product mixtures are among the primary reasons for better response from investors (20+ investors). The earlier offering in 2013 had two different types of product investment options.

The STACR 2014 series has offered better investing flexibility to the investors with an option to exchange between these three classes. It is possible to combine pro-rata components of each of the individual cash flows. At the same time, investors can divest interest from any of these classes and create more bonds with individual margins.

The third installment of risk-sharing deals, STACR 2014, constitutes of 140,000 residential loans with $32.4 Billion in principal balance (unpaid). The 30-year fixed-rate single-family mortgages purchased by Freddie Mac during the second quarter of 2013 are among the subset of this STACR pool.

Transferring Risk good for Taxpayers?

This isn’t the first time Freddie Mac has tried it’s hand at raising capital in the private sector. Over the past 5 years they have been successful at bringing in more than $64 billion dollars through a multi-family K-Deal program. This makes them one of the largest issuers of multifamily structured debt in the US capital markets, putting the overwhelming majority of risk onto the private capital investors that purchase their bonds.

Related: Freddie Mac Housing Report: What’s In-Between the Lines?

What do you think? Is this innovate and forward-thinking of Freddie Mac to transfer the risk off the government and into the private sector? Or is it spelling trouble to not have government more government oversight involved?

The post Buyers Ready to Invest in Credit Risk Bonds with Freddie Mac is property of The BiggerPockets Blog. and is Copyright

‘House Hunters International’ Charity Auction and Raffle

‘House Hunters International’ Charity Auction and Raffle One of the most incredible things about being involved with the House Hunters International Charity event is the chance to see the wonderful giving spirit of the Puerto Vallarta community come together for some wonderful and needy causes.  This year has been another wonderful chance to work with …

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Rosca del Reyes In Puerto Vallarta

For a long time, we thought it quite strange to see Christmas decorations hanging in and around homes far into the New Year. In error, we assumed this was a sign of laziness! One couldn’t get around to putting the baubles away and taking down the lights and tree? How wrong we were. No matter …

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