Monday, July 30, 2007

Losses Pile Up for Home Builders-More Good News For Buyers

The article from July 26 about home builder financial losses is GREAT NEWS for home buyers. Are you a first time buyer? A Trade-Up buyer? After the beating buyers took in 2004- 2006, this is the time you have been waiting for. This is YOUR TIME BUYERS. Check out this article for real data...not just a feeling.

If you are thinking of selling and Trading Up, you could be in a good position to profit. How you ask? You may be giving up a little on price and/or terms, BUUUUT... you will be asking for concessions from the Trade Up seller to get a better deal for yourself. You can get more house than you could have in the frenzied times of 2004-2006. You will profit if the deals are properly structured. Always do the numbers before deciding.

Check out the article below. Your comments are appreciated.

Beazer Homes USA Inc. said Thursday it swung to a loss in the fiscal third-quarter after the homebuilder cut prices to spur sales and took major charges to write down the value of unsold inventory.

Losses pile on for Home Builders- AZ Republic- July 26,2007

Thinking of Trading up to a New Home? Click here for answers.

Wednesday, July 18, 2007

Good News For Homebuyers in the Phoenix Metro Area

Two recent articles in the Arizona Republic and it's sister AZCentral.com web site are very encouraging for potential home buyers. When I talk with some potential home buyers and they tell me the Real Estate market is bad now, I shake my head in disbelief as to how they arrived at that assessment. I say, "wait a minute". You are a HOME BUYER, not a HOME SELLER. This market is just what you have been waiting for.

But, you can't wait long. Yes prices will drop some, but you are losing lots of money in ownership benefits, and still making your landlord rich. What is in it for you to wait? Figure out the lost tax savings and equity buildup. Do the numbers then decide. A $20,000 drop in price will mean about a $133.00 drop in your monthly payment @ 7% interest on 30 yr fixed rate, or a latte a day ($4.43) at Starbucks.

My advice is, if you have a steady job and a little in savings, you can buy a home now at low interest rates and with seller concessions that can cover most if not all of your out of pocket going in costs. You don't need a big pile of cash in savings to buy a home now with safe fixed rate financing at payments you can afford. Stop renting and buy now before it goes back up again.

The Arizona Republic, July 12 - SE Valley home resale numbers continue decline. Traditionally June brings more home sales as families look to relocate before school starts. But that didn't happen this year.http://www.azcentral.com/community/gilbert/articles/0712tr-resales0713.html

AZCentral.com, July 11 – Realtors expect home prices to bounce back in 2008. The prices of existing and new homes are expected to bounce back next year after a dreary 2007, a real estate trade group said Wednesday.http://www.azcentral.com/business/homesales/articles/0711biz-homeprices11-ON.html

Visit my website http://www.pomisel.com/ for FREE information.
-Buy a Home With NO Money Down
-Free Lists- Distress Sales, Foreclosures, Fixer-Uppers, Bank-Owned, HUD
Richard Pomisel
Real Estate Consultant
Dan Schwartz Realty Inc.
Phoenix, AZ 85021
Toll Free:1(800) 474-2841
e-Mail: Richard@Pomisel.com

Tuesday, July 17, 2007

You Can Buy and Sell Individual Houses With an Self-directed IRA

Retirement planning is even more important than ever. Most of today's Retirement Plans are much different than the guaranteed pension income of our Parents and Grandparents. If you have a 401K, 403B, or IRA, you are now fully responsible for your investment choices and results. So, in addition to wearing your employee or business owner hat, you must be your own investment expert.

Most of today's investment experts stress diversification as a way to minimize risks of loss. Laws have changed. You are now allowed to invest directly in Real Estate, even purchasing and selling individual properties through your IRA. You are no longer at the complete mercy of the Stock Markets and Mutual Funds. Investing in Real Estate with a Self-Directed IRA can really kick your returns into overdrive. This recent article will give you some valuable tips. I look forward to your comments.

Diversify an IRA with Real Estate - A self-directed IRA allows the owner to invest in real estate, but the rules and risks are many.

Your Real Estate Professional,

Richard Pomisel
Real Estate Consultant
Dan Schwartz Realty Inc.
Toll Free:1(800) 474-2841 (save money on your call)
email: Richard@Pomisel.com

Visit my website http://www.pomisel.com/ for FREE information.
Free Report Fixer Uppers, Facts and Myths
Search for Great Deals in New Homes
Free List of Foreclosures and Bank Owned Properties
--And much more....

Wednesday, July 11, 2007

Should You Wait for the Pop?

I get a lot of questions about "The Real Estate Bubble"and it's effect on the Phoenix Metro Real Estate Market. Should I sell now or wait for prices to go back up? Should I buy now or wait for home prices to go lower? If your plan is to time the Real Estate Bubble to buy at the bottom...
you will not know you are at the bottom until the prices start going up. This article will give you some solid information on which to make your decision.


Should You Wait for the Pop? - If history is a guide, bubbles don't always burst; local recessions do that. More often, booms are followed by plateaus.

Find out how the housing bubble applies to home values in the Phoenix Metro Area.

Visit my website http://www.pomisel.com/ for FREE information.
-Free Lists- Distress Sales, Foreclosures, Fixer-Uppers, Bank-Owned, HUD
-FREE Seller Reports-Sell Your Home Fast And For Top Dollar
-FREE Over-The-Net Home Evaluation
-And much more...

Welcome To the Phoenix Metro Real Estate Blog

This Real Estate blog is for discussion and information sharing purposes for the Phoenix Metro Real Estate Market. View the last quarterly report for the Phoenix Metro Area from the Arizona Multiple Listing Service.

Obtain more information that applies to your specific situation or find out what home prices are in your area free and without obligation.

Your Real Estate Professional,

Richard Pomisel, e-Pro, GRI
Real Estate Consultant
Dan Schwartz Realty Inc.
1715 W.Northern Ave., Suite 100
Phoenix, AZ 85021
Toll Free:1(800) 474-2841
Mobile: (602)214-1166
e-Mail: Richard@Pomisel.com

Visit my website http://www.pomisel.com/ for FREE information.
-Buy a Home With NO Money Down
-Free Lists- Distress Sales, Foreclosures, Fixer-Uppers, Bank-Owned, HUD
-And much more...