NOW is a Great Time to Buy a Home in Arizona - 10/29/07 03:45 PM
8 Reasons Why NOW is a Great Time to Buy in Arizona:
#1-A BIG SELECTION - Anyone who considered buying a home a couple of years ago will remember that it was a "seller's market."  If you were lucky enough to find a home that was still available, chances are you were in a bidding war over it.    Today's market is just the opposite:  There's approximately 57,000 homes on the market in Metro Phoenix.  And that's not just in newer cookie-cutter developments.  It also includes homes on larger lots, with RV gates/parking, mature landscaping and trees, with or without homeowner associations.  There … (0 comments)

Short Sales – A Win/Win for Buyers and Sellers - 10/13/07 11:50 PM
A Short Sale occurs when a mortgage lender agrees to take less than the actual loan payoff to accommodate the sale of a home that could otherwise not be sold in today's market.  Why is this happening so frequently today?  Many homeowners took advantage of low interest rates over the past few years to refinance, or get second loans and home-equity lines of credit (HELOC's) using equity from their home to pay off bills, buy a car, start a college fund, etc.   When interest rates started to climb and home sales started to slow, these homeowners realized they had over-leveraged their … (1 comments)

So you want to buy a Foreclosure? - 10/13/07 11:47 PM
The Phoenix/Mesa market has seen a dramatic increase in the number of foreclosures this year.  As a result, many homebuyers think they will get a better deal purchasing a Foreclosure...but beware, buying a foreclosure is not for the beginner. 
Quite a few of these foreclosed homes have fallen victim to the sub-prime implosion this year.  The owner paid too much or owed too much and allowed the lender to foreclose rather than come to the closing with a check for the payoff.   Banks would, of course, like to get as close to the mortgage balance as possible. But that balance may … (1 comments)

Waveyard in Mesa - 10/04/07 10:58 PM
A world-class whitewater river in Mesa?!   That's right, there's a new water sports facility on the drawing board for the Mesa Riverview area, and it will include a man-made whitewater river worthy of national and world competitions.   According to the USA Canoe/Kayak Association (USACK), natural rivers are too unpredictable for competitive events.   USACK is seeking venues with manmade rivers to hold world-class competition and training.  The US National Whitewater Center (USNWC) in Charlotte, North Carolina opened earlier this year and serves as a model for the whitewater river element of The Waveyard.   Already USACK has booked some world-class competitions at their … (0 comments)

 

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