Michelle Mechem

I am a great referral for your smart and busy friend, Anthony. He’s like my hiking friend Jenna. She travels Monday through Thursday every week. She literally spends more time in hotels than she does in her Atlanta apartment, where the rent just went up to $1,900 a month and it doesn’t even have a real bedroom. She rolled her eyes at me and said, “I know I should buy something but I don’t have $100,000 to put down.” My reply was, “do you want to buy a 2 million dollar house? I’d love to sell you one, but you could buy a $300,000 one for less than $15,000 down and your payment would be less than your rent.” She replied, “No way, I don’t have to put 20% down?” Way. As Jeff will tell you, it could be as little as 5% or even 3% down. Friends don’t let Friends rent. Ask Anthony if he is ever concerned parking his new BMW? Michelle Mechem, Intown Area Homes.

11 Responses to Michelle Mechem
  1. Valerie Brutti
    October 12, 2018 | 10:22 am

    I enjoy working with Business Consultants, who travel Monday through Thursday. They spend more time accumulating hotel points than the hours they spend in their home. Rental rates are on the rise and as high as $1,900 a month for a 1 bedroom apt.

    • Persephone C Galambos
      October 16, 2018 | 7:44 pm

      Whoa! That is really good Valerie. I like it.

  2. Persephone C Galambos
    October 16, 2018 | 7:49 pm

    The purple card is missing (what your good at/unique). Maybe something along the lines of I am good at providing financial details for the purchase of real estate that allows clients to make informed decisions about buying vs renting. (that is rough) but something like that.

    I think that that is a great kindling questions at the end.

  3. Valerie Brutti
    October 18, 2018 | 10:26 pm

    Purple card As a former business coach, I am good at asking questions. The key is to ask the question that allows the client to actually come up with an answer all on their own.

  4. Wendy Kinney
    October 19, 2018 | 1:00 pm

    Hike the Himalayas because she feels like she’s getting bored with life.

  5. Julia Brantley
    October 20, 2018 | 6:40 am

    Valerie, that’s great!

    Blue card: There’s a wide misconception about how much a downpayment for a home is. It could be as little as 3%.

  6. Connie Martin
    October 20, 2018 | 9:53 am

    I like the topic of the InfoMin since we (Realtors) have a vast number of “potential clients in the general population” who don’t “believe” they are capable of being a Buyer RIGHT NOW. They don’t think they have enough money saved — erroneously believe they need 20%. With increasing interest rates, the sooner they buy the better.

    I guess this would fit in the Blue card area?

    Could also add —
    I could refer you to a few of my preferred lenders (like Jeanne Walker with FBC Mortgage). They each have unique loan programs –some only require 3% down.

    (This is where I’d mention my PC LENDER team member… Jeanne Walker!)

    • Connie Martin
      October 20, 2018 | 9:58 am

      I would have a pre-discussion with Jeanne (Lender on team) to see what loan programs she provides that only require 3% down. Then I could mention a specific loan program FBC Mortgage/Jeanne provides to buyers.

      Furthermore, if Jeanne and I lined up our InfoMinutes during the same 6-week period then we could be “double trouble” or making our subject get “double time” in front of our PC team. Seems like we’d gain LOTS of credibility, maybe???

  7. Steve Payment
    October 20, 2018 | 10:48 am

    I like the story and it is compelling. I think there might be too many numbers for some to follow.

    We all have a friend like my friend Anthony. He is still renting because he just never seems to put enough money away to have the 20% down payment. Anthony feels like home ownership is out of reach.

  8. Jennifer Eden Thomas
    October 20, 2018 | 11:19 am

    Great infominute…

    I know we discussed this yesterday regarding what the who wants…

    I am thinking she might wish to have to travel less? Maybe she is sick of throwing away money on her rent… investing in an asset for future finanacial security?

  9. Michelle Mechem
    October 22, 2018 | 9:09 am

    Thanks everyone. Jeff Goddard is my lender and Janine Walker is my insurance agent on our PowerCore Team. I am about to take your feedback and re-work this baby!

Leave a Reply to Connie Martin

Wanting to leave an <em>phasis on your comment?

Trackback URL https://powercore.net/2018/10/michelle-mechem/trackback/