Nova's Blog

As a person that spent 10 years on his Psych education. I have had the pleasure over the past few weeks of gaining some interesting stories. So i have written 2 contract over the past 2 weeks that have fallen through due to sellers not wanting to sign the PSA. Normal right? of course. But these a...

I guess the media saturation has finally hit people with the reality the home prices are nearing their bottom. Foreclosure filings are down, and demand for them is up. 2 weeks ago my clients and I were waiting on an REO property to become available for purchase. Our appointment to get into the pr...

I have been hearing from investors that they want to keep their powder dry to see where the market going before they start purchasing distressed property. They have also told me that they think the banks are going to become more negotiable in time. I am going to say in the nicest way possible, th...

So I was running correlates with the MLS sales stats in comparison of the Realtytrac.com's foreclosure trends and data. As of January King county is down 35% YTD. In January 2008 there was 1037 residential sales in King County...January 2009 has had 674 sales. The average price of sale was $453,1...

Yes! YEs! YES! With a 19% reduction in Foreclosure filings in January compared to our peak in August and a 28% increase in foreclosure purchases. The market is indicating the damage for undervalued properties. Through out all of time when land has had potential to turn a profit, nations have gone...

  With 1090 foreclosure filings in the count in January and 230 sold foreclosed properties, which is about 20% of the gross volume sales at auction. This is the January is the first month that you can actually see an increase in demand for distressed property. Yes September should more sales, bu...

In the State of Washington in 2008  there were 19,437 foreclosure Filings. Washington is ranked 24th out of 47 states, 3 states do not allow foreclosure. The Average sale price for a foreclosed property in the state of Washington was $248,803.00.   The peak filings in the state happened in August...

With dividend cutting in the stock market, where does it really pay off to create residual income? The short answer that come jumping out at me is Multifamily real estate; not commercial; not all residential properties; and most definitely not condo's.  Why not commercial? Well as you see all ove...

Reviewing the most recent data from Realtytrac.com; there are some incredible patterns that are taking place; that will fully benefit the Distressed Property Investor. Of course as you can imagine the most common question I receive is "Is this really the bottom of the market?"  Spending countless...

Fear is ruling the day. Paranoia is being pumped by every media outlet. With terrifying speak happing at many tables and coffee shops around the world. There is the biggest silver lining if you have the fortitude to step away from the crowd. That silver lining is there is 4+ trillion dollars sitt...