Jason Mitchell's (reoexperts) Blog

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Real Estate Agent - Realty Executives
RECENT BLOG POSTS
Phoenix area home builders are struggling to sell homes. There has been a 56% drop in New home sales from June 2007 to June 2008 according to R.L. Brown's housing report on the Phoenix area real estate market. The days of waiting in line to pay a premium for a home from a Phoenix new home builder...
01/03/2009
Do not think, foremost, as your home as an investment. History tells us that over the "long-term' , families do create a nest egg and acquire capital appreciation. However, The key phrase to remember being "long-term". A house should be a place to live. A place to enjoy. A place to raise a family...
01/03/2009
In the past there has been some confusion on whether or not, according to AAR Purchase Contract ..... as it pertains to cash buyers, Can Cash Buyers ** cancel a contract if the home fails to appraise for the purchase price anytime during the escrow period?? In essence, does the appraisal for sale...
01/02/2009
Home ownership can be a personally and professionally rewarding endeavor where most Americans can raise a family, call a house a home and create wealth. However, often  real estate professionals, mortgage brokers,  friends and family will tell you  things like  Don't wait, buy now.  renting is a ...
01/02/2009
I wrote a post 6 months ago called my best ideas for cheaper gas. I listed a few ideas.  No one listened to my ideas.   I guess a RECESSION would also work !! Gas Tax Cut -  a Gas Tax cut would provide immediate relief. However, people fear a tax cut would just cause more gas consumption. Income ...
01/02/2009
remember the reasons you are buying a home. Is it a place to live? A place to raise your family? Are you planning on retiring? Do you need the favorable tax advantages? Are you looking for a hedge against inflation? Are you looking for long-term appreciation? A place to live and call home? (I alw...
12/30/2008
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House prices plunged again in October, with the rate of year-over-year decline accelerating to a new record high of 19%. The peak-to-trough decline in the Case Shiller 10-city index is now 25%; the 20-city index is down 23%. According to a new report called Cluster stock , " We still occasionally...
12/30/2008
Does that mean we have hit a bottom? Is the end in sight? Is it time to buy?? Inventory levels would indicate that we have some time to go. However, The Federal Reserve Chariman Ben Bernanke appears set to continue to lower interest rates. Federal lawmakers are committed to work with Government b...
12/29/2008
Spec Builds in Inventory - Discount price - no discount in product or value. If you can be a little more flexible in all of your specific desires. Many New Home Builders have some home in current Inventory. Either Buyers could not qualify or the Builder built as "Specs" , homes available for purc...
12/29/2008
Short Sales are complicated transactions. You should work with an experienced short sale listing agent who has been successful with working with banks and asset managers. A short sale expert can help prepare a detailed short sale approval package that would include personal financial information...
12/27/2008
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