buyer: eBay for Serious Real Estate Investors?
- 06/13/10 05:21 PM
To serve a new wave of computer savvy real estate investors, an Arizona company, called Smart Arizona Foreclosures, has set up a website reminiscent of eBay, which offers online bidding for qualified cash buyers. Now you can bid on bank owned residential properties without even leaving your home! Sound too good to be true? We don't think so. My associates at Smart Arizona Foreclosures have designed a streamlined website with a number of fail-safe devices (title search, photographs, minimum/maximum bids, etc.) to minimize the risk. In addition, my clients will have my assistance in double-checking property values, resale estimates, rehab charges, and … (5 comments)
buyer: November Tempe Real Estate Market Update
- 11/25/09 08:37 AM
Last week I attended the Arizona 2010 Real Estate and Business Forecast. Elliot Pollack, Valley economist who has been providing Economic Forecasts for more than 25 years, presented valuable information for homeowners, buyers, sellers, and renters. There was also a panel of real estate experts from both residential and commercial specialties who essentially confirmed what Elliot Pollack reported. The main message from the seminar was this: Economic recovery will be slow... there is no silver bullet. Home values may not be on track until 2013. The barometers of real estate recovery will be: 1) population growth which will be driven by 2) … (3 comments)
buyer: Only 3 Months Left to Claim $8,000.00 Tax Credit for First-time Home Buyers
- 08/27/09 10:38 AM
Perhaps the most significant stroke of President Obama's pen up to this point actually took place during his first month in office - on February 17 of this year - when he signed The American Recovery and Reinvestment Act of 2009 into law. The federal tax credit of up to $8,000.00 for first-time homebuyers is an economically beneficial component of the act that a great number of U.S. taxpayers have enjoyed during the past 7 months. But if you are a hopeful first-time buyer who has not yet seized this opportunity to save thousands of dollars on a residential purchase this … (2 comments)
buyer: The Calm Before the Storm
- 04/10/09 07:03 AM
As those of you who have been following my blog know, one of the main statistical areas I have been tracking is the ratio between Active (for sale) and Closed (sold) properties on the MLS. I look at the whole MLS and also target Tempe as a sample of a local market.
At the end of March I noticed that many offers on properties below $150k were going very quickly and these properties frequently had multiple offers. Concerned by this trend I decided to check the MLS and noticed that the inventory was down to 50,200 active listings, 200 away … (2 comments)
buyer: The Real Estate Market Continues to Recover - August 2008
- 08/15/08 08:07 PM
By The Numbers Inventory (supply) down: For the fifth straight month, total inventory has dropped. We are still in the 50,000s and although this is still high, the trend is down. Sales (demand) up: Closed sales for June are above 6,000 and are double what they were per month during the slump in 2007. Forecast: Pending sales for August are still around 7,000, so it is safe to conclude that the downward trend will continue. The absorption rate (time to clear out the current inventory) has dropped to 9 months from over 20 months in 2007. The last time we saw … (0 comments)
To serve a new wave of computer savvy real estate investors, an Arizona company, called Smart Arizona Foreclosures, has set up a website reminiscent of eBay, which offers online bidding for qualified cash buyers. Now you can bid on bank owned residential properties without even leaving your home! Sound too good to be true? We don't think so.;)
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