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Peter Medal

Peter Medal

From The Hay Day To Present Day

REAM: What drew you to the real estate industry?

Medal: I went to real estate school during my last year in high school. As an apprentice, I worked for a commercial real estate firm for one year before switching to residential in 1989. Interest rates were still in the 12-13 percent range, FHA mortgages were “assumable” and we did many “creative financing” deals. Those were the days. Real estate provided me the income to finance my degree in finance from Western International University in 1995. After graduation, I ultimately decided to stay with real estate.

REAM: Who are your real estate mentors? How do you seek to emulate them?

Medal: My residential career started under the guidance of Greg Hague, Charlie Stidham and Gerry Russell. These gentlemen provided the strong foundation and discipline necessary to pursue a successful career in residential real estate. After 10 years in the business, at the recommendation of my longtime friend Joe Polish, I took advantage of business coaching from Joe Stumpf and Terry Hunefeld of the By Referral Only program.

REAM: What do you enjoy most about your day-to-day work?

Medal: Negotiating bar none has to be the biggest joy real estate provides. The easy part is finding a home, the hard part is negotiating the absolute best deal for my clients.

REAM: Tell us about your first sale.

Medal: My very first home sale was to brothers Joe and Tony Polish. Their dad, Frank, gave them the money for the down payment and the game plan was to find them an “assumable, no qualifying” home to purchase. These types of sales no longer exist. It took a while. We looked at many homes. Joe is now a world renowned business coach and motivational speaker.

REAM: How are you involved in the local community?

Medal: As a “transplant” agent from the Metro Phoenix Area to Prescott, I am looking forward to being more involved with the local community. One of the first projects I was able to sink my feet into was volunteering with the “Healing Fields.” Nationally, there are 12 healing fields displays, Arizona hosts two of them, a field of flags to honor every soul lost Sept. 11, 2001.

As I get settled into the community, I will look for other volunteering opportunities to donate my skills. As for real estate, prices in the local Prescott real estate market are quite high. There are lots of good hard working people locally that rent versus own here. Many just do not know there are financing programs that they can purchase a home either with down payment assistance or USDA rural financing. I’d like to help these folks into home ownership.

REAM: Are there any changes coming in the future that you’re excited to announce?

Medal: I am very excited about the launch of my new website and the launch of my Walker Wednesday program. Walker is seven miles southeast of downtown Prescott in the tall cool pines of the Prescott National Forest. It’s also where I live. Each week, we will provide a free tour of homes for sale in the Walker area.

REAM: What are some of your hobbies outside of the office.

Medal: Outside of real estate, I enjoy a weekly 10K high elevation forest run. A weekly fitness hike and playing racquetball are other passions. I also enjoy playing golf and poker when time permits. Once every four to six weeks, I like to explore Arizona and go on a weekend backpacking trip. Sometimes these excursions include rappelling, rock climbing, pack rafting, caving, or canyoneering.