Josh Feinberg's (joshcrestagent) Blog

Debt Default and the Housing Market.   Debt default is when the country reaches its legal limits of it s borrowing authority and the US is vastly approaching its own borrowing limitations. Maxing out on our borrowing authority will prevent entrance to the bond market.  If the US is not able to en...

  1. Buyers don't try to predict the bottom its like trying to raise the dead. 2. Just because the market is in limbo doesn't mean its smart to sit on the sidelines and wait for prices to drop.  Its important to grasp that home prices are just a piece of the puzzle. 3. When falling in love with a...

Dont' List your property above fair market values. Be aggressive right from the get go. First 30 days They are the most important.  Your listing will get allot of attention and many showings.   Over 30 Days if your Property sits for more then 30 days covnentional thinking amongst buyers is that i...

Many buyers I've worked with have very little understanding of the importance of the appraisal process. What many don't realize is that the appraisal determines fair market value.  It is also a gage for the lender to know how much they can safely lend the buyer for the purchase of a home.   The a...

If your selling a pair of shoes or a trash bag the one thing that these and all products have in common is that they all have a target audience that they are selling to. It is crucial that sellers know their buyer demographics when selling their house. Seller's should be aware of the different se...

The Wall Street Journal reported yesterday that home values have demonstrated the largest decline in the first quarter since 2008. This news has left many economist rethinking their estimate of when the housing market will hit bottom.   Home Values according to the WSJ  have dropped 3% in the fir...

Buyer Approval Make Sure your buyer is approved for the purchase price of your home. There is nothing more difficult than to find out that the deal has fallen  through because the buyer cant qualify for the amount.     The Less then Ideal Offer Only accept an offer that is less then ideal if you'...

    It is true that the phoenix housing market for April and March had a surge in home sales. And its led many to believe that we are on the road to recovery. Its hard not to believe that.  In March there were 10,000 resales in Maricopa and Pinal Counties and a decline in new foreclosure filings ...

 353 Single Family Homes 8.8 Months of Supply $423.59 $/SF  Active Listing $277.42 $/SF Pending Listing $258.50 $/SF Monthly Sales   Listing Success Rate 52.1% Pending Listings: 56 Sales Per Month: 40   So Far in May we are seeing the number of active listings have decreased . In April there were...

  Biltmore Highlands Phoenix AZ Status Report   8 Properties in the Biltmore Highlands Avgerage List Price $475,325 3 Short Sales Avg Short Sale List Price $479,600  8 months of Inventory left.