Buying
« Previous EntriesReport: Phoenix-area home prices should level off soon
Thursday, April 8th, 2010Phoenix-area home prices should level off soon, if the current trends continue. A new report from the W. P. Carey School of Business at Arizona State University shows price drops slowing and likely to come to an end after about three years of falling. “The rate of decline has been slowing for several months, and [...]
Housing Experts Say Real Estate is Recovering
Thursday, April 8th, 2010Some of the nation’s top economists believe the housing market has turned and better days are on the way for the housing industry. Increases in jobs, credit, and affordable homes will overcome impediments such as rising interest rates, and the expiration of the Federal stimulus program to push the housing market toward recovery, says Dean [...]
Fewer Sellers Are Cutting Prices
Thursday, April 8th, 2010The prices on 19 percent of homes for sale as of March 1st have been reduced at least once, the lowest percentage in the last year, according to Trulia.com. In October and November, when the market was feeling the effect of the tax credit, 26 percent of sellers cut their asking prices. “Better pricing is [...]
Resource to Reduce Short Sale Stress
Tuesday, March 2nd, 2010According to the most recent REALTORS® Confidence Index, buyers continue to be discouraged with the extended short sale process, which frequently results in foreclosures that could have been prevented. New resources from the National Association of REALTORS® aim to help REALTORS® and consumers successfully navigate the short sale process to help more home owners avoid [...]
10 Home Features Buyers Want
Tuesday, March 2nd, 2010Home designers and builders speaking at the recent International Builders Show in Las Vegas say that buyers are seeking cost-effective features and rejecting things that don’t have lasting value. “It’s all about family togetherness – casual living, entertaining and flexible spaces,” says Carol Lavender, president of the Lavender Design Group in San Antonio. Paul Cardis, [...]
Phoenix Luxury Condos on the Road to Foreclosure
Tuesday, March 2nd, 2010Most of the units in 44 Monroe, the swank, 196-unit luxury high-rise could be headed for foreclosure. The bank has filed a notice of trustee’s sale, the first step toward taking over 182 unsold condos. The units are scheduled to be sold to the highest bidder on April 14, according to county documents. A notice [...]
Upcoming Auction at Artesia of Scottsdale
Friday, December 4th, 2009Unique simultaneous auction of 40 brand new, luxury condominiums and 5 brownstones, located within the master-planned community of Artesia located in central Scottsdale, Arizona. Please let me know if you have any interest in registering as a prospective bidder/buyer (Do Not register directly via the website as you will waive your right to have me [...]
New Rules to Clarify Fees
Thursday, December 3rd, 2009New regulations from the Department of Housing and Urban Development will require that closing costs be spelled out on a revised and consumer-friendly version of the good-faith estimate form that borrowers are supposed to receive within three days of applying for a mortgage. These rules will take effect Jan. 1, 2010. Fees are divided into [...]
Homebuyer Tax Credit Extended
Thursday, December 3rd, 2009It is official, the first time home buyers credit has been extended. $8,000 First-time Home Buyer Tax Credit at a Glance The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year [...]
Things Condo Buyers Should Consider
Monday, November 2nd, 2009Buyers who are considering the purchase of a condominium should inspect the health of the home owner’s association before they close. The seller should provide the buyer all financial documents relating to the association in time for an attorney for the buyer to review them before closing. Here’s some advice from Leonard Baron, professor of [...]
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