The Mortgage Debt Relief act has been extended for one year as part of the last-minute "fiscal cliff" agreement. Congress guaranteed that homeowners who do short sales on their primary residence in 2013 will no be taxed on the "deficiency". This is the difference between what is owed on the mortgage and the sale price of the home.
Without this debt forgiveness, this deficiency would have been considered earned income. So if someone had purchased a home for $350,000 with a $300,000 loan, and it sold for $250,000, they not only would have … (0 comments)
real estate: 4 Bedroom 4.5 Bath Cave Creek Home for Sale
- 10/19/12 05:23 AM
4 Bedroom 4.5 Bath Cave Creek Home for Sale. Stunning Home with Spectacular views. Open house Sunday October 21, 10am-2pm. Come by and say hi. … (0 comments)
real estate: 3 Bedroom 2 bath home in Glendale
- 08/08/12 08:22 AM
3 Bedroom 2 bath home in Glendale What an adorable home, it could be yours. Call Debora Nichols today at 602-769-9217 for your private showing of this adorable 3 bedroom 2 bath home in Glendale in a gated community. … (3 comments)
real estate: Great 4 bedroom 2.5 bath home in WestPark, Buckeye
- 07/18/12 08:39 AM
Great 4 bedroom 2.5 bath Home in WestPark, Buckeye Don't miss this great home. Popular floorplan, borders common grounds/ play ground. Backyard is a blank slate just waiting for your creative touches. … (0 comments)
Summer vacation is here. Are you thinking about taking your pets with you? Have you thought about where they will ride? The recent roll over car accident of a well known Dog Agility trainer, who lost two of her dogs in the accident, has brought this issue to light. Do you wear seatbelts? Do your kids wear seatbelts? What about your pets? Seatbelts have been known to save lives. So why do we put our kid’s in seatbelts and not our pet’s. Pet’s are part of our family’s, right? Wouldn’t you and your family … (5 comments)
real estate: 5 Bedroom 3.5 Bathroom home for sale in Tramonto
- 06/28/12 05:06 AM
5 Bedroom 3.5 Bathroom home for sale in Tramonto. Stunning Tramonto home with numerous upgrades, too many to list. Tastefully decorated with custom paint, 18'' ceramic tile in all the high traffic areas & neutral tone carpet. Extensive use of gorgeous WOOD SHUTTERS and blinds. Built in tech center and surround sound. Very clean and gently lived in. Beautifully upgraded cabinets with extra cabinet space in the kitchen, solid surface counters with integrated sink...easy cleaning. Backyard faces North East with stunning mountain views and cooler summer outdoor enjoyment. Large extended patio, Gas hook up for your BBQ, grassy area for the … (2 comments)
real estate: Tatum Ranch Market Report February 2012
- 04/11/12 05:15 AM
Tatum Ranch Market Report February 2012 Tatum Ranch is a master-planned community of 3,400 homes and five commercial sites in the northeast corner of Phoenix, where North Tatum Boulevard and Cave Creek Road meet.Tatum Ranch is within the Upland Sonoran Desert life zone, with seven washes or arroyos, trending northeast to southwest. It is home to some of the most beautiful native Sonoran Desert vegetation and wildlife in the entire Southwest. Residents enjoy the quiet beauty and serenity of the Desert. Because of its distance from the center of the metropolitan area (22 air miles) and its proximity to the New … (0 comments)
Wow have things changed over the last year and even more so over the last 6 months as you will see by the statistics below. Our inventory has dropped more than 50% in the last 12 months. Multiple offers and homes selling for more than list price seems to be common.
Comparing March of 2011 to March of 2012 (all areas and types)
Active Listings (excluding AWC): 14,175 versus 30,230 last year - down 53% Active Listings (including AWC): 21,841 versus 37,246 last year - down 41% Pending Listings: 11,964 … (0 comments)
real estate: Desert Hills February 2012 Market Report
- 04/04/12 09:06 AM
Desert Hills February 2012 Market Report Desert Hills, an area just North of Phoenix offers mountains views, fresh air and cooler temperatures than the concrete laden downtown Phoenix. The city has its value-but if you love open spaces, beautiful views and being outdoors, then this is the place for you. Desert Hills offers extraordinary sunsets and sunrises, an amazing array of wildlife from Humming birds to Hawks, Coyotes to Havalina and Roadrunners to Woodpeckers. Nature at its best.
There were a total of 22 sales for the month of February. Average List Price: $268,527 up from … (0 comments)
I know there is a little bit of Irish in me. OK maybe more than a little. My Dad was Irish. But it wasn’t until today that I thought I would look into the real meaning. So here are a few interesting tidbits I found in the San Diego news. It is in honor of the most regularly recognized of the patron saints of Ireland, St. Patrick, and his role in bringing Christianity to Ireland. Not a whole lot is known about St. Patrick. One estimate has him living from AD 387-461, but no … (8 comments)
real estate: Desert Hills January 2012 Market Report
- 03/15/12 03:55 AM
Desert Hills January 2012 Market Report Desert Hills, an area just North of Phoenix offers mountains views, fresh air and cooler temperatures than the concrete laden downtown Phoenix. The city has its value-but if you love open spaces, beautiful views and being outdoors, then this is the place for you. Desert Hills offers extraordinary sunsets and sunrises, an amazing array of wildlife from Humming birds to Hawks, Coyotes to Havalina and Roadrunners to Woodpeckers. Nature at its best.
There were a total of 15 sales for the month of January. Average List Price: $267,600 down from $290,052 in … (1 comments)
Spring is just around the corner. This year it arrives on March 20th. So I guess that means technically it is still winter. But you couldn't tell it by our beautiful Sonoran Desert in Phoenix, Arizona weather.
We are not the only ones to enjoy the warmth of the sun. In fact this is the time of year that all the little critters start to come out of the holes and bask in the sun. I don't worry about most of the critters, but the Rattlesnakes, now that is a different story. Rattlesnakes … (10 comments)
We were looking at homes in the North Scottsdale area. We found one that would work for my clients and they were excited to move forward. They asked me to run comps so we could discuss an offer price. But when running comps, things just didn't add up. So, I called the listing agent.
This will be a short sale but only the second will be shorted. They do not want to lower their price any more because they only want to short the second. As it is, they are going to … (3 comments)
real estate: 2 bedroom 2 bath Townhome in North Phoenix
- 02/15/12 10:59 AM
2 bedroom 2 bath Townhome in North Phoenix Beautiful 2 bedroom 2 bath Townhome in North Phoenix in a gated community! The kitchen features upgraded staggard cabinets, gorgeous flooring throughout home, garage for parking! The community is beautiful with nice ammenities. FOR A COMPLETE LIST OF AREA HOMES FOR SALE, CALL DEB 602-769-9217
… (3 comments)
real estate: 4 Bedroom 2 Bath home in North Phoenix
- 02/15/12 09:56 AM
4 Bedroom 2 Bath home in North Phoenix HUD HOME. Beautiful 4 bedroom 2 bath home in North Phoenix split floor plan w/ many upgrades.Lot borders community park. Gorgeous slate surround fireplace in Family Room. Private location on the corner(as road curves)that sides with the lush common area...even offers some Mountain views!! You must see!! … (2 comments)
real estate: Phoenix Market summary for October 2011
- 11/11/11 10:39 AM
Market Summary for October 2011 By Scott Smith, ServiceOne Home Warranties On the surface the preliminary numbers for October suggest it was quite similar to September. Looking at the MLS data across all areas and types we see the following:
Sales per Month: 7,606 in October - down 5.9% from September but up 16.6% from this time last year. Active Listings (including AWC): 27,063 on October 31 - up 0.7% from September 30 but down 40% from this time last year. Active Listings (excluding AWC): 19,578 on October 31 - up 1.3% from September 30 but down … (2 comments)
Short sale deficiencies untaxable in 2013
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