phoenix: So you want to buy a bank owned home? - 07/25/09 12:13 PM
So you think you want to buy a bank owned home? There is noting wrong with this, in fact these are the best deals out there right now. But you MUST have a Realtor that understands what they are doing and a lot of agents (part time and some full time) are not used to dealing with banks. Your agent can make the difference between getting the home of your dreams and a costly major headache.
Most REO sellers require a special Addendum to the Purchase Contract. These addenda may contain many provisions that change the standard terms of the AAR … (0 comments)
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phoenix: Phoenix Arizona April market conditions update! - 05/20/09 05:11 PM
Are you the type that really likes to "dig into" the market numbers? I now have a great multi-page newsletter that gives you more information than you could every want about our market. This FREE report will now be available every month so you can stay in touch with the market just like I do!
This newsletter breaks down all the subsets of our market like how many bank owned homes sold? What percentage of the market were they? What price range is selling fast? And much more!
To get this new report please email me at jay@valleyREadvisor.com and request this … (0 comments)
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phoenix: Buying a bank owned or foreclsoure home in Phoeniz Arizona - 05/20/09 04:42 PM
I know that one thing most of my clients are worried about when they buy a bank owned or foreclosed home is the condition of the home itself. The banks will always demand that we waive any warranty rights and the condition of the home as well as your right to sue them if there is anything wrong with the home. Even with a home inspection things can fall through the cracks!
I guess I can see the bank's point since they have never lived in the home or have any information about the condition. But every time a client signs … (0 comments)
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phoenix: April 2009 Phoenix Arizona market update! - 05/08/09 05:28 PM
Has the market changed? Are we still selling as many homes? Are we at the bottom of pricing?
These are the questions that I get asked all the time. By watching this video you will understand what the market is doing here in Phoenix Arizona and if it’s time to buy that home you’ve wanted.
If you still have questions please don’t hesitate to call me at 623.271.4234 or email mne at Jay@valleyREadvisor.com. Also you can visit a couple of my resource sites- www.valleyREadvisor.com and www.Retiring2Az.com
Jay Otlewski RE/MAX Integrity … (0 comments)
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phoenix: Active adult living at Arizona Traditions in Surprise, Arizona - 05/04/09 05:29 PM
Here's a short video that gives you an idea of what it's like to live at the Arizona Traditions community. This communtiy offers a large variety of activities and a gate communtiy all at a very resasonable price. Please wathc this short video and let me know if you have questions or would like to see homes in this great community.
I can be reached at 623.271.4234 or simply visit www.Retiring2Az.com … (0 comments)
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phoenix: Selling your home faster with Staging! - 05/04/09 09:40 AM
We've all heard the old adage "you never get a second chance to make a first impression." This is especially true when it comes to your home. If you're thinking about selling, there's no more important audience to attract than potential buyers, who are highly influenced by how a home looks the first time they get a glimpse of it. Even if your goal is just to impress your neighbors and guests you should pay close attention to the first impression your home in making. Here are a few simple tips and techniques that can positively affect your home's "curb appeal" … (0 comments)
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phoenix: Arizona Active Adult Communities Explained! - 04/28/09 03:18 PM
Have you ever wondered what it means to live in an active adult community in Arizona? Do you think active adult living means old??? Guess again! This video should help explain what it would be like living in Arizona when you're ready to retire or just buy a second home.
Every community is different which is why you should give me a call before you make your trip to Arizona. I constantly update myself on the all the active adult communties in our area and what they offer, how the homes are priced and much more!
If … (0 comments)
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phoenix: Ever want the price of a home without calling an agent? - 04/23/09 04:04 PM
We’ve all wanted to know the price of a home for sale in our area. Most of you wish you could get the price without having to talk to an agent? How about getting an email with details and pictures? Now you can!
Think about how this could help you when you’re looking for your new home…you’re driving by a home for sale and you simply dail a local number and enter the street number (IE: 123 Main St would be 123) and the system gives you all the details about this home for sale without having to call an … (0 comments)
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phoenix: New Federal Website to Help You Keep Your Home! - 03/20/09 10:56 AM
Have you thought about a short sale? Not sure where to turn? For more information about keeping your home you can visit www.PhoenixHomeRescue.org or simply call me at 623.271.4234.
Before you make the desicion to walk away from your home or short ssell it, you should go to the the new website from the federal government. This site offers online tools that will allow a homeowner to determine if they are eligible to participate in the "Making Home Affordable" loan modification and refinancing program.
The site is http://www.MakingHomeAffordable.com and shares information about how this program works and who is eligible for … (0 comments)
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phoenix: Out with clients in Phoenix, Arizona - 03/05/09 04:54 PM
This last week was a good week for working with clients. It all started early on Sunday and continued through yesterday with 2 listing presentations. It's funny, every time someone here's I'm a REALTOR they say something like "Oh I'm sorry" or "Things must be really bad". The good part is I get to say that I've never been busier then I am right now. Of course they look at me wondering if I'm telling the truth.
I had 2 clients from out of town and 3 clients local looking at homes and asking about selling their home. I spent a lot of time out … (0 comments)
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phoenix: Need a few repiars but don't want the cost of a FHA 203k? - 12/11/08 11:36 AM
I wanted to pass along a "short-cut" that may help to avoid having to utilize an FHA 203k.
If your buyer has a contract on a home that requires some minor repair, there is a way to finance the cost of the repair through an old fashioned escrow holdback. FHA will allow a buyer to finance in the cost of a repair (so long as it is related to Minimum Property Standards - MPS) up to the amount of $5,000. In order to do this, the appraiser must note that the requested or desired repair is related to and a functional … (0 comments)
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phoenix: Buying a Distressed Home and Borrowing Repair Money - 12/09/08 11:26 AM
In this weeks episode of the Phoenix Real Estate Advisor podcast I have Shelley Martin from Suburban Mortgage back to answer a few more questions about how you could buy a distressed home and have the repair cost added the to the mortgage.It's called a FHA 203k loan and it allows you to borrow up to $35,000 of additional money for repairs to the home. People were asking about what the money can be used for, is it more expensive then a regular FHA, what are the credit requirements and more.
Click here to listen to the podcast!
Please listen to … (0 comments)
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phoenix: Triology at Vistancia in Peoria, Arizona - 12/05/08 02:57 PM
GREAT NEWS! If you're considering a move to an active adult community in Arizona, there has never been a better time. Trilogy at Vistancia in Peoria, Arizona just announced a HUGE reduction in their interest rates, not to mention their pricing. For more information or to setup your private tour of this exciting community contact me at 623.271.4234 or jay@valleyREadvisor.com
You have likely heard that last Monday the Federal Government took action to help the ailing U.S. Economy and announced that it would be infusing $600 billion into the credit markets. This action has lead to some very attractive interest rates. … (0 comments)
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phoenix: What's up with the Market? - 11/19/08 01:06 PM
Some of the hot economic news we talked about last week has hit and ... its interesting.
•- Housing starts were down 4.5% and building permits were down 12%
•- CPI (measure of inflation) posted the largest decline in the 51 year history of the BLS
•- Average weekly earnings rose 1.4%
I am going to take a glass is half full stance on these numbers. Obviously the lower inflation number is a big plus (we must see what the Fed does with rates to see where this will go), and the hike in earnings is positive. The negative housing stats … (1 comments)
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phoenix: FHA 203k Loan- Helping buyers purchase their home in Arizona - 11/18/08 12:32 PM
In this episode of The Phoenix Real Estate Advisor we interview one of our preferred loan officers. Shelley Martin from Suburban Mortgage discusses the facts about the FHA 203k Loan that allows the borrower to add repair costs into the first loan.If you've considered buying a home that requires some work you owe it yourself to listen to this podcast. This program has helped a lot of people buy the home of their dreams at a lot less then they thought.
Click here to listed to this podcast!
If you have further questions you can contact Shellie direct at 602.751.8127 or … (1 comments)
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phoenix: Sun City Festival- Popular Questions I Get - 11/17/08 03:01 PM
Here's a collection of the questions I most often receive from people about Sun CIty Festival. If you have others please don't hesitate to call me at 623.362.3060.
Ask me about how you can stay at the villas for FREE!
Q: How many Inventory homes do they have?
A: Approximatley 93 finished homes.
Q: What are the average prices of these inventory homes now, with the reductions?
1372 sq ft - 1494 sq ft ..... $160's to the $190's 1610 sq ft - 1816 sq ft ..... $200's to the $220's 1960 sq ft - 2323 sq ft ..... $230's to the … (0 comments)
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phoenix: Staging a home to sell for more money! - 11/11/08 09:15 AM
In this episode of the Phoenix Real Estate Advisor we talk to Renee from Staged by Renee. After her last interview we received several calls about staging a home and she agreed to come back.You'll hear about using your own furnishings or hers, living her a staged home while it's for sale, are staging experts licensed, why stage a home right away and more.
To listen to the podcast click here!
For more information about real estate please visit www.valleyREadvisor.com or simply give me a call at 623.362.3060.
… (0 comments)
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phoenix: Phoenix Real Estate Market Update for October - 11/04/08 03:49 PM
In this weeks episode of the Phoenix Real Estate Advisor I review the market conditions for the month of October vs. September. Tis includes home sales, days on market, average sales price and more.
I use MLS statistics to inform you on two fronts-one for the Phoenix metro area and the other for my specific market area, the northwest valley. You'll be interested in hearing the changes in our market over th last couple months so please listen to this podcast and then give me your feedback.Click here to listen to this short audio podcast!
Remember you can always reach me … (0 comments)
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phoenix: Zero Down Mortgage- Well Pretty Close - 10/21/08 10:00 AM
I have clients ask if there's any zero down mortgages left and the answer is "not many". There's a few local program like the "home in 5″ program but that runs out of money very quickly making it very difficult. One of my preferred lenders, Jeremy House, sent this over last night. It offers a great program here in Phoenix, Arizona that allows for a 1% down mortgage. Here's a few of the details-
With the evaporation of the Down Payment assistance programs, many home buyers have been left with little or no option when trying to obtain home financing. We … (0 comments)
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phoenix: Phoenix real estate market update for September 2008 - 10/07/08 02:41 PM
In this episode of the Phoenix Real Estate Advisor I review the market conditions for September of 2008.Click this link- http://www.valleyreadvisor.com/podcast.asp
During this time of extreme turmoil it's even more important to choose a REALTOR that understands the market. I research the market on a weekly basis and try to bring you valuable information to help you make what amounts to the largest decision you have.Please feel free to contact me if you have any other questions at 623.271.4234 or visit www.valleyREadvisor.com anytime for more information.
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