Comments for BloodhoundRealty.com

Comment on When the weather finally breaks in Phoenix — it breaks for ten solid months of pure paradise… by Robert Worthington

Robert Worthington — Fri, 06 Nov 2009 13:42:29 +0000

Beautiful article that hit all of my senses as I’m reading it. I had a sort of dreamy state going on as I was reading and was totally consumed. Well written Greg.

Comment on Even though much of the current real estate “news” is really just hype, there can still be good reasons for you to be in the market by Top 5 real estate posts of the day for 9/9/2009

Top 5 real estate posts of the day for 9/9/2009 — Wed, 09 Sep 2009 14:12:28 +0000

[...] Even though much of the current real estate “news” is really just hype, there can still be food … – Greg Swann takes a look at how the market may be on an artificial high because of the $8000 tax [...]

Comment on Is there a housing boom going on in the Phoenix real estate market? Or is this really just a Fool’s Gold Rush? by John Prescott

John Prescott — Sat, 25 Apr 2009 23:21:20 +0000

Greg:

In the Northeast, no one seems to be feeling an urge to rush out and buy. But…and it’s a big but, we’re seeing a deluge of multiple offers on listings at certain price points. Inventory is still relatively limited. The high end is lagging in greater Boston, but homes in the $350k - $750k range are moving quickly if they’re in good condition and priced realistically. Buyers expectations are mixed. They keep reading about bargain basement deals, but in this neck of the woods those are very few and far between. So these folks are discouraged. But rather than worrying about inventory shortages, pent up demand and life changes are causing some of the market gridlock to thaw.

- BostonKayakGuy

http://www.bostonkayakguy.wordpress.com

Comment on The five bad habits of highly ineffective real estate investors by Phoenix Real Estate | Why won’t I take real estate investors to buy super-cheap rental homes in Queen Creek, Maricopa or Buckeye? Because residences without residents have no value… | Sell, buy, invest, relocate in Phoenix/Scottsdale Arizona w

Wed, 22 Apr 2009 17:20:43 +0000

[...] you want right now, you’ll be able to get something better for less money a month from now. You don’t need to — and shouldn’t — but the cheapest rental property out the…, but there is no need to overpay for anything right [...]

Comment on The five bad habits of highly ineffective real estate investors by Shane Pollock

Shane Pollock — Sun, 19 Apr 2009 22:36:12 +0000

Good post. Are you seeing a lot of new investors getting into the rental business in your area? I am starting to see a small increase in the number of first time investors in the Raleigh area. A lot of people think because prices are low any home is a good candidate for a rental. Unfortunately most are not looking at the numbers or the location before submitting the offer.

Comment on 100 under $100,000: Bargain-priced lender-owned properties that can work as premium rental homes abound in the Phoenix market by Should You Invest In Phoenix Real Estate Now? | Mortgages Unzipped

Should You Invest In Phoenix Real Estate Now? | Mortgages Unzipped — Mon, 05 Jan 2009 21:19:06 +0000

[...] Phoenix real estate broker, Greg Swann of Bloodhound Realty, assembled a list of 100 homes listed for less than $100,000. Greg reports that not EVERY home on the list is tenant-ready but that there are gems hidden among the hea…: [...]

Comment on If selling is not a viable option, you need to fall in love with your house all over again by Jeff Ellis

Jeff Ellis — Mon, 05 Jan 2009 16:59:29 +0000

Isnt this the truth! It seems so many people are “running with the herd” when they hear about market conditions or statistics. The truth is that what they are hearing is extrememly speculative and stats can be made to appear one way when they are really another. Bottom line is that you fell in love with your house once, why not do it again. When the market does come back you will be far better off than selling now and throwing your money away for the next 5 years.

Comment on Workable real estate deals may require even more creativity by Jeff Ellis

Jeff Ellis — Sat, 03 Jan 2009 20:34:21 +0000

Isnt this right on. In todays challenging market it is imperative to try and crceate opportunity rather than to lay back and try the same old approach.

Comment on Seriously, who’s a better risk for a mortgage than someone who has already lost a home to foreclosure? by Jeff Ellis

Jeff Ellis — Sat, 03 Jan 2009 20:27:11 +0000

I totally agree with those views, it seems there will have to be some changes down the road. My only hope is that it is sooner than later:)

Comment on Someday soon we may have to turn back the clock on home lending by Tyler

Tyler — Sat, 03 Jan 2009 03:03:30 +0000

This forces manufacturers to go back to what made their brand a name brand and that’s quality. Just because the economy is the way it is doesn’t mean that people don’t need “things” anymore it just means they will wait even longer to buy them and when they do they will be looking for quality that will last.

At least that’s what I’m going to do!

Comment on “U.S adults” may not want foreclosed homes, but homebuyers sure do by CompeteRealty

CompeteRealty — Wed, 31 Dec 2008 16:45:10 +0000

This is exactly the reason why all the foreclosed homes flooding the market have to stop/slow down before we see the market level out.

Right now the price is not set by what the buyer is willing to pay and the seller is willing to sell the home for. Foreclosed homes and short sales set the market price to what the bank is willing to loose on the house. Until banks are no longer setting the market price we will not see the market get back to normal.

Comment on “U.S adults” may not want foreclosed homes, but homebuyers sure do by Realty.com

Realty.com — Wed, 31 Dec 2008 16:04:38 +0000

Great article. It’s interesting to see how many polls are truly misleading and/or completely erroneous

Comment on Seriously, who’s a better risk for a mortgage than someone who has already lost a home to foreclosure? by Real Estate Property Investments

Real Estate Property Investments — Mon, 29 Dec 2008 11:39:42 +0000

It is really very tought.

Comment on “U.S adults” may not want foreclosed homes, but homebuyers sure do by Berlin Unterkunft buchen

Berlin Unterkunft buchen — Mon, 29 Dec 2008 10:41:42 +0000

My 60-year old uncle was lucky to buy a very affordable foreclosed home. The condition of the home is still good. The reason why the previous owner of the home sold it was because he need to move to another state with his whole family.

Comment on For some, the most financially-astute course of action may be to fake their way to foreclosure by Jim Johnson CRS

Jim Johnson CRS — Wed, 24 Dec 2008 18:59:43 +0000

Short sale and bank foreclosures make up a good percentage of home sales in Bend Oregon. It looks like a good time to buy in your area. We have snow here and it’ cold. I wish I was in AZ right now!

Comment on Workable real estate deals may require even more creativity by myrtle beach condos

myrtle beach condos — Tue, 23 Dec 2008 03:00:35 +0000

the whole real estate field is requiring more creativity now days

Comment on Workable real estate deals may require even more creativity by Merudh Patel

Merudh Patel — Mon, 22 Dec 2008 19:10:01 +0000

Great post. I just wanted to stop by and say this was inspiring. I’m looking into getting my own house and was thinking of some ways to do this. Thanks for the advice.

Comment on Someday soon we may have to turn back the clock on home lending by Mark Daniel

Mark Daniel — Tue, 16 Dec 2008 17:18:54 +0000

That puts a good perspective on the credit crunch as a whole. Who would of ever thought we would go back to the days of layaway. Business are going to have to be much smarter in the future if they hope to survive these harsh economic times.

Comment on Seriously, who’s a better risk for a mortgage than someone who has already lost a home to foreclosure? by Atlanta Realtor

Atlanta Realtor — Sun, 14 Dec 2008 14:53:15 +0000

Thats food for thought. As a landlord myself I have rented to a couple of tenants who did have foreclosures on their credit report. At the time it seemed like somewhat of a risk but they turned out to be the best we have had. They have been very happy and taken great care of the property because they had a hard time finding housing due to their scores. I have now even considered marketing vacant property as being available to tenants with foreclosures in their history. I think I would be able to rent out property in a heart beat due to so many people caught in the renting/bad credit predicament.

Comment on Someday soon we may have to turn back the clock on home lending by JCL

JCL — Fri, 12 Dec 2008 21:25:47 +0000

Our dollar used to be backed by something (i.e. gold and silver)… now it’s backed by thin air… hopefully our economic mountain built on air will come down slowly!

Comment on Seriously, who’s a better risk for a mortgage than someone who has already lost a home to foreclosure? by Linsey

Linsey — Wed, 10 Dec 2008 16:44:34 +0000

I’m not sure what I think of this. I think it is clear that many of those that foreclosed should never have been approved for a home loan in the first place. When home ownership spiked in recent years, on the surface we think that it’s a good thing. But, with lax lending, home ownership was extended a bit TOO far.

That being said, should someone that has been foreclosed upon in recent years get a home loan? Should we chalk it up to tough times in the overall economy? I don’t think so. I read yesterday that many of those that have received a loan modification, merely months later are defaulting again.

I don’t want to ‘withhold the boon that is home ownership’ but I think the scrutiny given to borrowers should not necessarily be with that end in mind.

Comment on Someday soon we may have to turn back the clock on home lending by Marbella property

Marbella property — Wed, 10 Dec 2008 10:21:56 +0000

I am agree with Jodi. In Spain, at this point of the year (december) there is no way to get home financing. The bank repossessions are increasing and this % will raise during 2009. The crisis has not beign a result of a housing subprime mortgages, the main “subprime mortgages problem is the subprime land mortgages” and this is the principal factor that we all have to focus “adjust land prices”, this is my opinion. Don’t you think so?
Greetings from Spain,

Comment on How does a $100,000 rental home in Suburban Phoenix pencil out? It will pay for itself, sure, but how does it work as an investment? by Jodi Suguitan

Jodi Suguitan — Sat, 06 Dec 2008 17:16:53 +0000

Your numbers are spot on. I own a rental property that is almost identical to the one used in your example with the exception that 20 percent was put down. At the end of the year there is usually about 2000 in profit which gets eaten into when the property is vacant between tenants.

Comment on Someday soon we may have to turn back the clock on home lending by John Jameson, Isfiske

John Jameson, Isfiske — Fri, 05 Dec 2008 14:05:05 +0000

Good article. It is a shame that the whole society has become so obsessed with the short perspective, that they have totally forgotten about what it was they were doing in the first place. When a car dealer no longer has car sales as it primary income, something has gone terrible wrong. I’m not saying that its wrong to have more than one leg to lean on, but you always need to have that foundation that you know you can rely on and master.

Comment on Someday soon we may have to turn back the clock on home lending by Jodi Suguitan

Jodi Suguitan — Tue, 02 Dec 2008 16:21:52 +0000

I think you are right that it is going to get worse before it gets better. There is going to have to be a huge adjustment in the way people approach finances and evaluating their purchasing power. The days of borrowers getting loans and THEN figuring out how to make the payments are over.