Jason Mitchell's (reoexperts) Blog

Here's one man's humble opinion on our approaching to a real estate bottom I urge you to be cautious as the future is still a little unclear. However, if you have been planning on buying a home, can negotiate a great price and most importantly, can afford your fixed mortgage payment, this may be ...

What does FHA eligible mean??? There are several guidelines that must be met to be an FHA approved community. However, the primary one to look for is that more than 50% of the homes sold in the community must be owner occupied. In most parts of the country this is not something to even consider. ...

Here are 4 Good Reasons not to get involved with short sales. as 80%, some say 90% of offers on short sales do not consummate in a closed escrow 3 month waiting periods prevent buyers from looking for other houses which often result in opportunities lost. REO /lender owned listings are now priced...

Here are 3 Good Reasons not to get involved with short sales. Average time to get acceptance (or more likely a denial) from a lender is more than 75 days. Some agents say longer. There is no guarantee the offer will get accepted at or near that price because the majority of Realtor list homes at ...

If you want to sell your home, you let the bubble burst. If you have your home on the market for a maximum of 30 days and do not receive an offer it is priced to high. Period!! You need to lower the price of your home 3-5% minimum. If you do not receive any offers within 3 weeks. Your home is pr...

Lynnsy Logue describes it perfectly, "America's housing bubble has not exactly burst. It's just sprung a leak the size of your average mortgage banker. Real estate is tied to a lot of personal emotions. Real Estate agents and other industry professionals would try to convince you that it is a bus...

    offer incentives, such as , "will contribute 3% towards closing costs" to help buyers use FHA loans or simply come up with less cash to close be patient, you don't need me to tell you that it is a difficult market. My crystal ball works when I say. I guarantee it will improve. Be Patient! If ...

Believe it or not; Homes are selling. Yes, it's true. I will say it again. Homes are selling! No it's not magic. It's pricing your home right! How do you price your home to sell? you ask. Here are 10 tips to price and sell your home. Don't price your home based upon the highest quote from a Realt...

a lease-option ... (not to be confused with a lease-purchase- which is different we will talk at a later time). Simply put, (please speak with your real estate agent and/or attorney), you would rent your home to a buyer who would deposit monthly rents and apply a portion or all of rental payments...

I wanted to share a bit of what may be good market news with all of you.  I'm so tired of all the continuing negative press about the real estate market that any little ray of sunshine that catches my eye feels really good.  I hope it will for you too.   Each morning your Arizona Sr. Leadership T...