Predictions 2014 – Real Estate Trends

phoenix real estate blogDoom and Gloom are in the air as we approach 2014. Just kidding, it’s all happiness and sunshine ahead.

Don’t believe that one either?

Ok, the truth is it’s a mixture of both, as in any good year. We’ll have some ups and we’ll have some downs but in the end things should be looking up. Some of the doom-seekers are saying 2014 will see a decline in homeownership and a tightening of the consumer belt in the economy. Some hope-seekers expect unemployment to continue to drop and the rise in home values to encourage growth in the industry.

Like I said, there’s going to be arguments on both sides. But I think the most important thing to consider before you begin the New Year is this:

Define your goals and how to achieve them.

That’s harder than it sounds but there’s nothing more important. If you don’t know where you want to be at the end of the year how do you know what to do at the start of it.

Set a plan, find a mentor, raise your expectations, and make positive changes in your life. If you can do those things I expect you’ll look back on 2013 as just a stepping stone to a brighter future.

Happy New Year everyone!

Home Price Rise Out West | 2013 Year Update

Home Price RiseAs we end off the year we get a whole flood of stats from all corners of the industry. Everyone is trying to be the first to come out with some huge surprise for 2013. And then there are some basic facts that really get to the heart of the real estate investing business. Here’s one.

Where are the healthiest markets in the country?

Apparently they’re all out West!

7 of the top 10 are west of the Rockies! How insane is that?

Though honorable mention goes to New York, Boston and Pittsburgh for making a decent showing. Still you can’t deny the incredible drawing power of the great West!

We’ve seen home values rise by double digits consistently across the West with San Jose showing a high of 19.6%. That’s a pretty wicked rise for a city hit so hard.

This has benefits across the industry as underwater mortgages drop, foreclosures slow down, and unemployment numbers go down. We’re definitely finishing off 2013 with a healthier industry than we started it with.

We wish you all a happy New Year and a ton of success in your investments. Keep on plugging away and getting educated – it’s going to totally make your 2014!

The Science of Flipping by Justin Colby

the science of flippingHello Everyone, this blog is for all those people out there, who are looking to learn about real estate investing!!

Yes! I said it… REAL ESTATE INVESTING.

Justin Colby has started an all new website that provides tons of information on real estate investing – What to DO.. and What NOT to.. The website showcases weekly podcast series that will help you learn a lot about the Rehab Process, Marketing, Property Investment and the list goes on.

Here is the link to the website: THE SCIENCE OF FLIPPING

So, please comment below and tell us what do you think. See you in our next blog!

Credit Report Errors Can Turn Short Sales into Foreclosures!

phoenix real estate blogIn this digital age computers sometimes have us by the … hard drive. We know what we want the thing to do but for some reason it just doesn’t want to give us the right answer. Computers are dumb that way, and smart too. Pretty frustrating.

But being a technophile I like to give my gadgets the benefit of the doubt. But lately we got pretty annoyed at a computer glitch that through the short sale industry out of whack for a little while.

Basically consumer credit reports were showing short sales as foreclosures!

Imagine that – the two things couldn’t be farther apart from each other but some dumb computer glitch (which is only now being fixed) thought they were the same.

We are sorry but the fact that short sales and foreclosures can even be said in the same breathe makes my blood boil. We don’t care how dumb the computer is there’s just no excuse for it.

We run an honest trade here people. We help banks and homeowners walk away from a bad relationship with dignity and we’re fixing the housing market in a big way. Foreclosures are for the bottom of the barrel when all means have been exhausted.

We think you should go home today and pull up your own credit report and check yourself out. If this happens again you need to bring the roof down. Let us know if you’ve suffered from this “computer error” and what you did about it.

Phoenix Metro Real Estate Market Update August 2013

Here we are at the end of summer and it has been a hot one. Both market and temperatures! Everyone has finished their vacations and school has started for most of the Valley.

The market continues its climb and is making a healthy recovery. It is not quite back to the height of the market but if definitely on its way.

We are now seeing fewer bank owned and short sale listings. A healthy market now exists and inventory levels are around a 3 month supply. Much better than last year as it was down to only a 1.1 month supply! Buyers were being pushed out of the market by cash laden investors. Today’s market is more balance with about the same number of sales as new listings hitting the market.

Buyers need to take advantage of the current prices and interest rates. We know prices should be higher next year and interest rates have, according to the Federal Reserve, should be much higher. There is only so much debt the Fed can buy.

Many sellers are realizing they cannot rely on a Zillow or Trulia estimate for value. Most of the evaluations are off by as much as 40%! Having a BPO(broker price opinion) completed is the best way to truly determine where your home should be priced. Let me provide you one as a courtesy. You’ll be glad you did and it will be great seeing you again!

How to be successful in Real Estate – Justin Colby

Justin Colby describes how to be successful in real estate. One of the things that all business owners go through is the struggle of reaching their goals. Most business owners quit before they ever see the fruits of their labor. I recommend to stay with it. Jason Medley and I discussed that all business owners, no matter what they are selling, go through the same struggles. Stay with what you are doing, don’t quit, no matter how difficult it may seem.

How to be successful in real estate!

How to be successful in real estate. Justin Colby discusses how to be successful in real estate with online marketing. How to find buyers! How to find deals!! Being online today is absolutely crucial. You need to use Facebook, youtube, craigslist, link’n etc. We are finding buyers, we are finding sellers.

« Older Entries