Josh Feinberg's (joshcrestagent) Blog

Real Estate Investment: The Ten Mile Radius Rule  To make an accurate real estate decision its best to ignore the national housing figures by any means necessary. They are largely irrelevant. The true significance lies in what is happening within the ten mile radius of where you want to buy.  Ten...

Buyers Real Estate Advice: Understanding Escrow 101 Escrow is the process of having money, deeds and other documents held by an impartial third party in a real estate transaction until those in the transaction have performed as per agreements stated in the real estate contract.   For many first-t...

Investor Advice: Multifamily Units  For housing investors to be on the right track they need to keep an eye on multifamily units that according to many economic experts has a bright future ahead.  Multifamily properties include both for sale and rental units.   Experts believe that these kinds of...

Seller's Advice: Crucial Tips in Selling Your Home in Scottsdale and Phoenix   Price Realistically •1. Your largest number of showings will occur in the first two to three weeks of putting your house on the market.  The mls system and internet will be the driving force of the majority of your sho...

Buyers Advice: Buyers Vs Investors in the Phoenix Market    In the Phoenix market there is low supply and high demand especially amongst the bank-owned properties.  Many first time buyers are losing out to investors that are grabbing the properties with cash offers. So what is a first time buyer ...

Housing Market Update: Scottsdale, Phoenix  Investors and First Time Home Buyers   Right now is a great time be a real estate investor however for a qualified first time home buyer it's become an uphill battle to get into a home.  According to Move, Inc's national survey of real estate investors ...

The Inventory of REO(bank-owned) properties is rising and many big banks like Fannie and Freddie are starting to unload more foreclosures on to the market which means home prices will decline even more.  Fannie and Freddie as well as other big banks are looking to home buyers to help them clear o...

Sluggish Growth for Arizona's Economy    Make no bones about it the outlook for Arizona's economy is bleak. Arizona's economy grew only 0.7 percent between 2009 and 2010. According to U.S. Bureau of Economic Analysis put the total Arizona gdp for 2010 at $228.5 billion. That compares to the $226....

Housing Market Update: Home Equity on the decline.   Right now the real estate market is dicey and the decline in home prices is tearing through home equity.   The average homeowner now has 38 percent equity, down from 61 percent a decade ago which is not easy to digest especially since mortgage ...

Seller's Advice: Home Improvements  For homeowners there are always modifications to made on your home.  It could be a new deck or a room addition such as an office or den. Most sellers are under the impression that they will recoup the investment they make on their home improvements when they se...