Prices have gone up by 50% Valley Wide since the Market Low August of 2011!
Think you owe more than your home is worth? Maybe not! Call today for a FREE market analysis to see if now is the right time to sell.
Wednesday, June 26, 2013
Saturday, June 22, 2013
Four Bedroom Home plus Loft in Verrado- Purchase for $0 down!!
Are you looking for a four bedroom home in Verrado that can be purchased for as little as 0 down!?! This is it! Beautiful two story four bedroom home in Verrado has four bedrooms, plus loft, 3.5 baths, and a 3 car garage! 2694 square feet. Two private professionally landscaped yards.
Travertine in formal living and dining rooms, kitchen, nook and family room. First floor master suite. Kitchen has beautiful cherry cabinets and granite counters.
Travertine in formal living and dining rooms, kitchen, nook and family room. First floor master suite. Kitchen has beautiful cherry cabinets and granite counters.
More Information Here Including Virtual Tour Here!
four bedroom home for sale verrado zero down home phoenix
four bedroom home for sale verrado zero down home phoenix
Thursday, June 13, 2013
Metro Phoenix median home-sales price up 60% from market low
The Republic | azcentral.com
Mon Jun 10, 2013 5:26 PM
Metro Phoenix’s median home-sales price climbed to $181,399, an almost 60 percent increase from the real estate crash’s low price in August 2011.
Despite the increase in sales prices, Arizona State University real estate analyst Mike Orr doesn’t project another housing bubble in the Phoenix area anytime soon.
“We predicted prices would rise significantly during the strong annual buying season that lasts until June,” said Orr, director of the Center for Real Estate and Practice at ASU’s W.P. Carey School of Business.
The main reason for higher home sales prices is the chronic shortage of available houses for sale in the Phoenix area, he said. The number of houses listed for sale in the region fell 7.3 percent in April.
Because of rapidly rising home prices, some market watchers are concerned that many investors who bought inexpensive short sale and foreclosure homes and turned them into rentals during the past few years, will try to resell those homes now and create a bubble of oversupply.
“Some commentators talk ominously of a bubble bursting when these homes come back onto the market,” Orr said. “Such talk gets a lot of attention because we are over-sensitized to bubble talk after the disruptive events of 2004 to 2006.”
He said even if all the big investors put their homes on the market next month, that would only add 10,000 to 11,000 houses to the number of listings, and the Valley’s market would still be undersupplied based on demand.
Rising mortgage interest rates are another concern for some housing analysts and prospective buyers.
Orr said sometimes higher interest rates create a greater sense of urgency for homebuyers, which works to increase to demand instead of reducing it.
His forecast is for metro Phoenix home sales prices to continue to climb in coming months, but at a slower pace.
Despite the increase in sales prices, Arizona State University real estate analyst Mike Orr doesn’t project another housing bubble in the Phoenix area anytime soon.
“We predicted prices would rise significantly during the strong annual buying season that lasts until June,” said Orr, director of the Center for Real Estate and Practice at ASU’s W.P. Carey School of Business.
The main reason for higher home sales prices is the chronic shortage of available houses for sale in the Phoenix area, he said. The number of houses listed for sale in the region fell 7.3 percent in April.
Because of rapidly rising home prices, some market watchers are concerned that many investors who bought inexpensive short sale and foreclosure homes and turned them into rentals during the past few years, will try to resell those homes now and create a bubble of oversupply.
“Some commentators talk ominously of a bubble bursting when these homes come back onto the market,” Orr said. “Such talk gets a lot of attention because we are over-sensitized to bubble talk after the disruptive events of 2004 to 2006.”
He said even if all the big investors put their homes on the market next month, that would only add 10,000 to 11,000 houses to the number of listings, and the Valley’s market would still be undersupplied based on demand.
Rising mortgage interest rates are another concern for some housing analysts and prospective buyers.
Orr said sometimes higher interest rates create a greater sense of urgency for homebuyers, which works to increase to demand instead of reducing it.
His forecast is for metro Phoenix home sales prices to continue to climb in coming months, but at a slower pace.
Wednesday, April 24, 2013
Principle Reduction and Other Mortgage Assistance Available!
Save Our Home AZ is now providing unemployment, underemployment and reinstatement mortgage payment assistance as well as short sale assistance in addition to principal reduction assistance to qualified Arizona homeowners. Your lender must agree to participate in the program.
Not all Government issued or insured mortgages such as VA (Veterans Administration), FHA (Federal Housing Administration), Fannie Mae (Federal National Mortgage Association) or Freddie Mac (Federal Home Loan Mortgage Corporation) loans allow principal reduction on all components of the program. However, you are encouraged to make application and learn what assistance is available to you.
Visit http://azhousing.gov/ for more details or to see if you qualify!
Not all Government issued or insured mortgages such as VA (Veterans Administration), FHA (Federal Housing Administration), Fannie Mae (Federal National Mortgage Association) or Freddie Mac (Federal Home Loan Mortgage Corporation) loans allow principal reduction on all components of the program. However, you are encouraged to make application and learn what assistance is available to you.
Visit http://azhousing.gov/ for more details or to see if you qualify!
Friday, February 15, 2013
Mortgage Debt Relief Act Extended!
The Mortgage Debt Relief Act ("MDRA") enacted in 2007 was
scheduled to expire December 31, 2012. In the "fiscal cliff"
legislation just enacted by Congress, however, the MDRA has been extended until
December 31, 2013. Therefore, after a foreclosure or a short sale of a
home in Arizona, any debt forgiveness of a mortgage loan used to purchase or
improve the home will continue to not be taxable income.
Tuesday, November 13, 2012
Why Use a Realtor for Purchasing from a Builder?
So you've decided you're going to buy a new home, built with the options you want, a home that no one else has lived in. It's all so exciting. Off you go to look at model homes from various builders with a salesperson right there.
Why would you need your own real estate agent? After all, the sales agent at the door will know all the information on the builders' products, lots and pricing. They can also put you in touch with a lender! So... what's missing?
Your own representation! Someone who is, first and foremost, working for you!!
Things for you to know:
* Builder's salespeople are real estate agents
* While most are helpful and knowledgeable, they represent the builder's interests
* All the preprinted contracts are specifically written by, and to the advantage of the builder
Advantages for bringing along your own real estate agent:
* Your own real estate agent is just that... your agent!!
* Your agent can share resale information on the area that will assist you in decisions for things such as upgrades that give the highest return or what buyers in the future may be looking for
* Your agent can help with incentives and other negotiable items
* Your agent can ask the questions you may feel uncomfortable asking about on your own
It doesn't cost you more money to have your own agent and it doesn't make the process any longer.
You'll also want to have an agent familiar with new home sales, which I am! I sold new homes for a well known area builder and learned the tricks of the trade that I can now use to help you!
Remember to call me before you head out to the models so I can accompany you on your first visit.
Why would you need your own real estate agent? After all, the sales agent at the door will know all the information on the builders' products, lots and pricing. They can also put you in touch with a lender! So... what's missing?
Your own representation! Someone who is, first and foremost, working for you!!
Things for you to know:
* Builder's salespeople are real estate agents
* While most are helpful and knowledgeable, they represent the builder's interests
* All the preprinted contracts are specifically written by, and to the advantage of the builder
Advantages for bringing along your own real estate agent:
* Your own real estate agent is just that... your agent!!
* Your agent can share resale information on the area that will assist you in decisions for things such as upgrades that give the highest return or what buyers in the future may be looking for
* Your agent can help with incentives and other negotiable items
* Your agent can ask the questions you may feel uncomfortable asking about on your own
It doesn't cost you more money to have your own agent and it doesn't make the process any longer.
You'll also want to have an agent familiar with new home sales, which I am! I sold new homes for a well known area builder and learned the tricks of the trade that I can now use to help you!
Remember to call me before you head out to the models so I can accompany you on your first visit.
Saturday, September 15, 2012
Compare Phoenix Cities
The Arizona Republic just put out a great comparison of cities in the greater Phoenix area. Click the link below to see how your city ranks or to compare areas you may be thinking of moving to!
City Comparison Guide
City Comparison Guide
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