{"id":1817,"date":"2007-08-17T10:28:17","date_gmt":"2007-08-17T17:28:17","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1817"},"modified":"2007-08-17T10:28:36","modified_gmt":"2007-08-17T17:28:36","slug":"is-opportunity-knocking-in-the-real-estate-market","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1817\/is-opportunity-knocking-in-the-real-estate-market\/","title":{"rendered":"Is opportunity knocking in the real estate market?"},"content":{"rendered":"

I tell people we live in the last affordable ghetto in North Central Phoenix. We live right on the edge of the neighborhood, the place where $400,000 makes its leap to $750,000 on the way to a million. We moved here knowing what the neighborhood had to do, and, so far, it has not disappointed us.<\/p>\n

This morning, I’ve been drooling over this listing<\/a>. The comp value of this home in turn-key condition should be around $600,000, maybe more. Sad for the sellers, and I could kick them for letting the house go to hell, but this is a sweet opportunity that will bear fruit right about the time Persephone comes back from Hades.<\/p>\n

This is my friend and client, investor Richard Nikoley, writing yesterday:<\/a><\/p>\n

Probably not what everyone is thinking<\/a>, right now, but if I’m going to keep my head about me and keep a market<\/em> perspective on the market<\/em>, then I have to consider that when some people sell out of fear, panic, to preserve diminishing profits, or to stop losses, there’s always someone on the other side of that trade<\/em>. So the question arises — and one should always, always<\/em> try to discern the motivations behind each side of a transaction<\/em> — why are an equal number of people buying<\/em>, right now, what so many are selling, right now? Could it be because others are selling at cheaper and cheaper prices and those buying are seeing bargain-basement prices? If you had to guess, who would you suspect is likely getting the advantage?<\/p>\n

For some reason, people don’t tend to think of the stock market like they do most other things. In other areas, it’s called a sale<\/em>. There’s always someone, somewhere, wanting to get out of an asset — for whatever reason — and depending on their motivation, they’ll take less and less for it. Others lie in wait for such opportunities in order to accumulate assets at relatively low prices.<\/p>\n

Everyone is welcome to their doomsday, economic collapse, chickens-coming-home-to-roost scenario, or whatever. But do keep in mind that what is going on is essentially and mostly an exercise in total freedom and Read more<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

I tell people we live in the last affordable ghetto in North Central Phoenix. We live right on the edge of the neighborhood, the place where $400,000 makes its leap to $750,000 on the way to a million. We moved here knowing what the neighborhood had to do, and, so far, it has not disappointed […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,26,6,5],"tags":[],"class_list":{"0":"post-1817","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-investment","7":"category-lending","8":"category-marketing","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1714,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1714\/walkscorecom-wants-to-know-is-my-neighborhood-walkable\/","url_meta":{"origin":1817,"position":0},"title":"WalkScore.com wants to know: Is my neighborhood walkable?","author":"Greg Swann","date":"July 30, 2007","format":false,"excerpt":"Hey! Maybe it is! Uh... Maybe not... Assuming you don't have an intemperate climate where you live, WalkScore.com will tell you if your neighborhood is walkable. Technorati Tags: arizona, arizona real estate, phoenix, phoenix real estate, real estate, real estate marketing","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":433,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/433\/blogoff-post-56-ask-the-broker-what-should-i-look-for-when-im-evaluating-a-neighborhood-to-buy-in\/","url_meta":{"origin":1817,"position":1},"title":"Blogoff Post #56: Ask the Broker: What should I look for when I’m evaluating a neighborhood to buy in . . . ?","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"This is hard, so I'm going to make it easy:What should I look for when I'm evaluating a neighborhood to buy in?Because of the Fair Housing Laws, this is actually a difficult question to answer. I can give you some useful hints, though. Visit your prospective neighborhood at 9:30 at\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1527,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1527\/redfins-sweet-digs-weblogs-resurrected-as-neighborhood-sites\/","url_meta":{"origin":1817,"position":2},"title":"Redfin’s Sweet Digs weblogs resurrected as neighborhood sites","author":"Greg Swann","date":"June 12, 2007","format":false,"excerpt":"From John Cook's Venture Blog:\"Sweet Digs\" is back -- kind of. The Redfin real estate blog, which was shut down last month after agents complained to the Northwest Multiple Listing Service that the home reviews were hurting sales, is making its return today in a modified state. No longer will\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8202,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8202\/facebook-quizzes-for-real-estate-marketers\/","url_meta":{"origin":1817,"position":3},"title":"Facebook Quizzes For Real Estate Marketers","author":"Brian Brady","date":"May 3, 2009","format":false,"excerpt":"Facebook quizzes might be a darned good tool for real estate agents.\u00a0 You know what I'm talking about, right?\u00a0 Facebook quizzes are those independent applications that ask you 5-10 questions and tell you who you were in a past life, what your inner animal is, and what sort of American\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1726,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1726\/how-do-you-define-a-neighborhood-you-dont-how-do-you-obtain-neighborhood-expertise-go-to-neighborhood-expert\/","url_meta":{"origin":1817,"position":4},"title":"How do you define a neighborhood? You don’t. How do you obtain neighborhood expertise? Go to neighborhood expert.","author":"Greg Swann","date":"August 2, 2007","format":false,"excerpt":"I'm quoting from David Gibbons from Zillow.com. He wrote these remarks in a comment, but I'm pulling them out because it's an interesting topic: How can web-based vendors build databases of neighborhood expertise?What you are seeing in the neighborhood space is the lack of any predefined neighborhood database. It\u2019s never\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1190,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1190\/neighborhood-level-real-estate-weblogging-traffic-is-not-about-traffic-traffic-is-about-conversions\/","url_meta":{"origin":1817,"position":5},"title":"Neighborhood-level real estate weblogging: Traffic is not about traffic, traffic is about conversions","author":"Greg Swann","date":"March 22, 2007","format":false,"excerpt":"I'm quoting from comments to BloodhoundBlog posts, so I'm not going to show the links. Brian Brady to Teri Lussier: \"Soon she'll be winning carnivals.\" Not to put any pressure on the girl, but I think this is a fine idea. Won't win us the contest, but it's a testament\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1817"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1817\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}