The Phoenix Business Journal took a dig at us Realtors in this article posted Thursday. What cracks me up is that the article has somewhat of a negative tone towards the National Association of Realtors and Realtors in general, as if they’re hypocrites or something. To me, when I read this article, I’m thinking ‘WOW’! ONLY a 1.2% Decline for 2008?  MAN- How are we NOT going to see the bottom of the market this year??? Considering we’ve seen a 12% decline in the past 1.5 years or so, a 1.2% for the entire year is AWESOME! Now, let’s get some perspective here- if your home is worth $300,000, and we see a 1.2% decline- we’re only talking about $3,600 total decline in the price of your home! Considering the hits we’ve seen, this is nothing.

Let’s get some more perspective… if you’re buying investment property right now and are worried about the market dropping after you purchase, this should ease all your worries. Assuming you’re using me to find your deals for you (HINT HINT), I’d be putting you in deals 20-30% BELOW MARKET VALUE. Who cares IF the value drops 1.2%? You just walked into 20-30% in equity!  The market could drop another 10% or more, and you’d STILL have an awesome deal! Additionally, I only put my clients in deals that are good, solid, long term investments and areas. So you can be assured that the values in those neighborhoods are more secure than others out there.

Whenever I’m reading or watching the media hype on all the foreclosures, I see the other side. My perspective doesn’t sell subscriptions or higher priced air time, but it brings me great comfort that there are incredible opportunities out there for everyone. If you are interested in picking up some investment property (REO’s, Short Sales, Foreclosures, etc), please give me a call and let’s find you a great deal or three. I’m finding them all day long, in every price range, every neighborhood. Let’s build your wealth and retirement portfolio together.