Jason Mitchell's (reoexperts) Blog

You may be violating your code of ethics and duties to your client!  According to Arizona Department of Real Estate Rules & Regulations - ARTICLE 11. PROFESSIONAL CONDUCTR4-28-1101. Duties to Client Section H. The services that a salesperson or broker provides to a client or a customer shall conf...

Any time you are in a position where you must pass along a Public Report (now called a Subdivision Disclosure Report), either when representing a seller or builder or representing a buyer, please make sure it is the correct Public Report for that subdivision.  YOU should also make sure that the P...

3 real estate investing secrets explained. 1) Make sure that your primary residence is not an investment; it is primarily a place for your family to live. A home offers tax benefits. If financed correctly, it is a hedge against inflation (more on this another day soon) and can provide some long t...

Sales TRAFFIC has picked up for several reasons. 1) Lower home prices - yes, prices are going down, especially here in the west, and specifically, Phoenix, Scottsdale, Fountain Hills and other East Valley cities where we saw one of the biggest national drop. Inventories remain high. However, lowe...

 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 al...

This Housing Market Index ( HMI) gauges builder perceptions of current single-family home sales (present market conditions) and sales expectations (future estimates) for the next six months. One of the key indicators, the survey also asks is fir builders to rate traffic of prospective buyers . T...

a ‘short sale' means offering (and a lender accepting) lesser amount than money owed to the bank. The good: salvage credit (potentially) and possibly avoid bankruptcy, .... Lender avoids a potentially larger loss and does not have to take ownership in their (REO) eal Estate Owned inventory The ba...

It is important for you to know that homeowners insurance does protect you from natural disasters  including wind, fire and lightning. However, standard homeowners insurance does not protect you from floods. If you want to buy flood insurance, it must be obtained through the National Flood Insura...

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...

  Loan Modifications may be the wave of the future.  Re-finance is #1 , but we need to keep people in their home. What other options do we have? A record one in 10 American homeowners with a mortgage were either at least a month behind on their payments or in foreclosure at the end of September a...