AUCTIONS-A WAY TO SELL REAL ESTATE

Large 2-story historical home. Hardwood floors Living Room, Dining Room; other rooms have vinyl or carpet. High ceilings dining room and living room. Dining room has bay windows. Wood burning corner fireplace, large screened porch in front, carport, storage bldg. in back. Property backs up to an alley. 1st floor has a bedroom/bath separate entrance,2nd floor has 3 bedrooms, l bath, large closets. Fantastic location. Beautiful homes on this street, walking distance to dining, downtown, shopping.

Reverse Mortgage

Supplemental Income Available Now!!

No Income Required

No Repayment as long as you live

No Credit Requirements

Federally Insured Program

This Federally Insured Reverse Mortgage program is called the “Home Equity Conversion Mortgage”, often referred to as a HECM.  With a Reverse Mortgage, you can turn the value of your home into cash without having to move or repay the loan each month.

The cash you get from a reverse mortgage can be paid to you in several ways:

All at once (in a single lump sum of cash)	As a line of credit (unused portion grows)
As a regular monthly payment	As a combination of these payment methods

The money you receive can be used any way you wish including:  · Pay off an existing mortgage (which is required if you have a current loan against your home.)  · Pay off existing bills such as credit card debt.  ·Make home repairs.

· OOr simply enjoy your golden years with financial independence.

 

What is a Reverse Mortgage?

The reverse mortgage is a safe and easy way for seniors to turn their home’s equity into an additional source of income to meet a financial need.  It is a loan that is available to senior homeowners who are at least 62 years of age.  Unlike traditional home equity loans, this product does not require repayment of any kind until the home is sold or the homeowner permanently leaves their primary residence.

The Obvious

KNOWLEDGE

EDUCATION

COMMITMENT

Real Estate investing opportunity

In my 43 years in the real estate industry, I have never seen anything like this.  There are thousands of foreclosures being filed daily throughout this country.  To us real estate investors, that is like finding manna from heaven.  Now the thing that we want to stress to you that we believe is essential to your success is your education.  So part of what we are going to offer you in the future is a 40-hour training course.  We do it in component parts, and you will be able to take it at your own speed.  So, my name is Terry Pacetti.  I am a Realtor in St. Augustine, Florida, and have been since 1965.  I am in business with my four children. We have a wonderful family business--something that we want to convey to you.  We think that anybody can do it.  If you don't do it with your family, it's okay with us.  We just want to see you be successful.  Today, I want you to tap into the resources that we have to provide for you to help you succeed in this business.  Education, education, education, training, education.  That's the best we can do.

Why the Real Estate business?

The real estate industry is alive and well, even though we are going through a major adjustment. Someone once said that with every adversity comes the seed of an equal or greater opportunity. The real estate industry is resilient and has been the vehicle used to catapult a majority of the millionaires in this country to the levels of wealth they achieved. After spending a lifetime, 43 years to be exact, in various specialties in the real estate industry and the learning curve which the real estate industry has provided, some of the lessons that we learned that have served us well are: #1 education in the chosen specialty is essential; #2 adjusting to the market (as the market adjusts); #3 developing the knowledge and the skills to be flexible during these times; #4 learning from others so that our entire training does not come from the school of hard knocks; #5 financial planning (not just buying and selling a house) is essential; #6 a full understanding of exactly what we want from the business and how to achieve that goal; #7 becoming professional by achieving all licensing and joining all trade institutions that provide you with current up-to-date training and information that provide you with the best opportunity to reach your stated written goals, such as real estate licenses, becoming a realtor, accessing multiple listing services, up-to-date economic forecasts by the leaders in the industry, mortgage broker licenses which allow you to be current on all local and national trends that affect the mortgage availability and costs, as well as access to information regarding all of the government grant programs that will assist your potential buyers to achieve access to financing by taking advantage of the 0 down programs that provide for down payment and closing costs assistance (which in the state of Florida can be as high as $40,000 to $70,000 on new homes); #8 practicing the highest degree of ethics, and compassion for others are essential ingredients of character are necessary for any long-term success; #9 striving for excellence is our admission that we need continuous encouragement because we have not reached our potential, but we realize the necessity to continue to set high standards for ourselves and those around us; #10 dreams and goals--in a world that allows each of us to set our own standard for our life, which we call our dream, can be achieved by establishing a series of goals, much like a ladder but can only be achieved by taking one step up at a time, each step representing a method of measuring our accomplishments or achieving a particular goal on our journey to our dream. As our knowledge and experience increase, our ability to dream larger dreams and set higher standards will require that we continuously set new goals for the things we want to achieve in our life. The real estate industry will allow you to have huge dreams and great goals as you climb the ladder of success for you and your family. The ten steps we introduced here will be discussed in a series over the next few weeks. We look forward to your input, your questions, your experiences. Things open for discusssion in the future: Real estate, real estate business, real estate industry as career, foreclosures, Florida real estate, auctions, Terry W. Pacetti, tax deeds, bankruptcies, discounted notes, short sales, short pays, 0 down, government grants, down payment assistance, cash out closings, reverse mortgages, no credit, no cash

Estelle Parker Pacetti and Edward Pacetti

My mother, Estelle Pacetti, while raising six children, and while working three jobs, got her Florida real estate license and came to work with me in the real estate business. Her work ethic and commitment to her family continue to inspire me.

My father, Ed Pacetti, was a great hunter and fisherman, and loved the outdoors. He gave me a great love and respect for the land.

As a result of the positive influence on my life provided by my mother and father, I developed the determined work ethic out of necessity at a very young age because we grew up in the 1940s and we did not have the amenities and conveniences we take for granted today, such as electricity and in-door plumbing. I therefore have worked consistently all my life. Our dad taught us the benefits of catching shiners (a bait fish) that my brothers and I caught in the St. Johns River and sold to the weekend bass fishermen. He also taught us to become commercial fishermen catching and selling catfish as a method of providing our own school clothes and spending money. I have worked in an auto repair shop; on diesel engines; grading and loading potatoes; in the gladiolus fields in the morning before school and in the evening delivering to the Jacksonville airport for shipment; working on the railroad as a diesel engine mechanic; and at Fairchild Industries as an aircraft mechanic, selling pest control service; selling insurance door-to-door. In 1965, I got my Florida license to sell real estate. I went to work with Mr. Ed Overby who to this day I credit with being a huge mentor in my real estate career. He taught and trained me to make a good living in the real estate business by practicing the fundamentals and basics of real estate and mortgage financing. In 1966, I opened my first real estate office in Palatka, Florida, with my brother Roland Pacetti. I was 26 years old, married, with a small son, Chuck, who was born November 20, 1963. A year later, I opened my real estate office in St. Augustine, Florida. The name of the company was, and is today, Pacetti Realty Company, Inc., now trading as HomeStar Pacetti Realty Network. In 1968, my mother, Estelle Pacetti, at age 55, came to work with us in the real estate office, got her Florida real estate sales license and not long after that she studied for and got her Florida real estate broker license. She became a successful and respected real estate professional in St. Johns County.

Real estate history in St. Augustine and St. Johns County, Florida

The Pacetti name is an old historied name in the nation's Oldest City, St. Augustine, and St. Johns County, Florida. Our family is descended from the original Menorcans who sailed from the Mediterranean in 1768 to the east coast of Florida. Over the next 200 years the Menorcans and their descendants, among them the Pacettis, have helped to build St. Augustine and St. Johns County.

The title to our original home place was deeded by a Spanish land grant from the Spanish crown when La Florida was a possession of Spain.

Real estate is a part of my heritage as well as my profession.