3. October 2008 by admin.

August bankruptcy

As I have been to my office in Brewer Caldwell Property Management, I received an e-mail with an article in it. The article was on www.azcentral.com by Russ Wiles entitled bankruptcy in August valley deposits a monthly high. Russ said many things that may well apply to the housing market in the Phoenix area for investors and also for those who may have lost their homes and are seeking a good rental property. Here Brewer Caldwell in property management, we hope we can help!

Jumping right in the article says Russ,

“The Bankruptcy Court of the United States in Phoenix in 1303 recorded deposits of the valley in August, as consumers faced with weak housing, job losses and other problems. What ’s 88 percent Jumping into the valley of bankruptcies compared to August 2007. Deposits increased 34 percent year on year in Tucson and 39 percent in Yuma. ”

Here in Brewer-Caldwell Property Management our rental agents to talk about many of these people who have filed bankruptcy on a daily basis. Our staff leasing by Brewer-Caldwell Property Management can help you find an affordable house almost anywhere in the valley. Our agents work with you and help you during this difficult time.

Russ goes without saying,

“The Valley ’s once-robust job-growth engine slid backwards. In addition, housing prices here are particularly low.
Phoenix suffered the biggest monthly decline in June 20 cities tracked in the S & P / Case-Shiller home price index.
You ‘is to see this domino effect, Phoenix bankruptcy lawyer Diane L. Drain said.
The list, she says, now includes sub-contractors affected by the housing crisis, former millionaires too stretched and owners caught by a surprise freeze in their home-equity lines of credit.
The rate of unemployment, medical problems and divorces still lead many bankruptcies, as before, Drain said. But now, you ‘is to see the problems with real estate people, investors and others.

At Brewer-Caldwell Property Management, we understand that this is a difficult time for many who live in the valley. Also at Brewer-Caldwell Property Management, we understand that there are opportunities for those who have the capacity to invest and see “buyers market”. When we see that Phoenix has suffered the biggest monthly decline in 20 cities, we see that it is a great time for investors to increase their market.

Brewer Caldwell Property Management can help you find a rental property when you are in a financial bind. Brewer Caldwell and property management can help you buy and then manage investors dream house!

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3. October 2008 by admin.

Brewer Caldwell has mentioned that times they are a changing. I have started to see some of the tale-tale signs that the market is starting to recoup. Listings that I’m calling on already have accepted offers. Some available properties are getting into bidding wars driving the price up over the listing price. Albeit that the listing price is a short sale price, nonetheless it shows activity and purchases happening.

I personally looked at over 500 listing in just the past two days. There is no doubt that short sales and foreclosures are still driving prices down and inventories up. However it has been interesting to see the start of the change.

Times they are a changing. I have started to see some of the tale-tale signs that the market is starting to recoup. Listings that I’m calling on already have accepted offers. Some available properties are getting into bidding wars driving the price up over the listing price. Albeit that the listing price is a short sale price, nonetheless it shows activity and purchases happening. The largest factor in my opinion is the media getting behind real estate once again. For the first time in over two years I have heard positive feedback from the media. First on talk radio, then on the local news and now from BusinessWeek.com

BusinessWeek.com posted on April 21st 2008 that, “It’s spring…Ready to buy a home yet” they noted, “Where some see despair, others see hope. Sellers, who were once clinging to boom-time expectations, are trimming asking prices. But the news isn’t all bad for buyers. In fact, for some the timing couldn’t be better. The lower prices-at least in some markets-are making homes affordable for first-time home buyers and more attractive for investors on the lookout for fire-sale discounts.”

Overall the doom and gloom is still there in the media and even in this BusinessWeek.com posting. Their positive reinforcement, that is rare from the greed and fear tactic implemented by most media, is truer then you know and it shows the starts of the change. With the media starting to heard the sheep it wont be long before the ice has thawed and that the buyers on the sidelines with the money and ability to purchase come out and we will see a might shift to this glut of inventory in Arizona.

Let Brewer Caldwell help you take advantage of this wonderful market and get you an INCREDIBLE deal. You will not regret taking advantage of this very financially beneficial opportunity.

I would like to personally talk to you about these deals. As an incentive, if you mention this article when purchasing a home, Brewer Caldwell will pay for your home inspection. Read more about Brewer Caldwell at Brewer Caldwell .com . I will anxiously be waiting to discuss how you can become more involved in the wonderful Arizona real estate market! If you can see us in person, come to one of our real estate investment seminars here in Arizona this month. You can see our seminar details at FreeInvestmentSeminar.com for more details! Email me at Tom@BrewerCaldwell.com or by phone, (480) 212-7159.

Arizona, Brewer Caldwell, Company, home, Homes, Investing, investment, Property Management

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