Archive for December, 2009
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 [...]
Arizona Real Estate – Signs Pointing to Improvement
Friday, December 4th, 2009The ASU Repeat Sales Index (ASU-RSI) continued to decline in June, but the numbers contained positive signals that improvement is the trend in the Phoenix metro real estate market. Overall, the ASU-RSI revealed that Phoenix prices in June declined by 31 percent when compared with prices in June 2008 — the 28th straight month of [...]
Home Sellers: Top 5 Home Improvement Projects Based on Cost & Return on Investment
Friday, December 4th, 2009HomeGain’s recent survey shows the top do-it-yourself home improvements that Realtors recommend to home sellers. HomeGain received responses from nearly 1,000 Realtors nationwide and configured a list of the top 12 do-it-yourself (DIY) home improvements that cost under $5,000 and benefit sellers most when they sell their homes. According to the HomeGain survey, the top [...]
Agents Have No Duty to Submit Short Sale Offers – Surprised?
Thursday, December 3rd, 2009In the course of my speaking to and networking with short sale practitioners in numerous markets across the nation I regularly encounter those who have a completely false impression with respect to who owes which duties to whom in the course of a short sale transaction. More specifically, many agents (both on the selling and [...]
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 [...]