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.

If you’re looking for Pre-foreclosures, Foreclosures, REOs or deals of any kind, sign up for my Deal Alerts and you’ll be notified of any new deals that come through the REI Pipeline. These are perfect for keeping as long term rentals or fixer-uppers that you want to rehab and flip. I am currently tracking every foreclosure and REO in Maricopa County- You won’t find deals this good anywhere else!  Or, if you’re rearing to go and looking for a deal NOW, I can go ’shopping’ for you and find the exact deal that fits your criteria. Just contact me and we’ll get going on finding the perfect investment property for you!

Let’s work together to make 2008 the best portfolio building year yet!

ok- I just wrote a post about this, and for some reason my server timed out when publishing it- and I lost it. So, instead of trying it again, here’s a great post about exactly my thoughts.

Why the Holiday Season may be a Great Time to Buy a Home

Here’s an excerpt-

My opinion, if you believe in conventional wisdom in this real estate market you are the greater fool.

Sellers who are listing in the holiday period are motivated. Odds are they have a job change, a life change, or a mortgage they have to get out of. They need to sell their home and want to do so as quickly as possible.

Not only are the sellers motivated, but they’ve BEEN motivated for months- and have no buyers. Now, it’s Christmas time, the market is slower, and they’re even more desperate to get this house and financial burden off their backs. How motivated do you think people in foreclosure are, or divorce, or probate this time of year? You think they’re motivated- what about the BANKS? Do you think they need to get as much debt off their backs before the end of the fiscal year? You bet they do! SHORT SALES HERE I COME! What a great time for picking up deals!!!