|
| |
luxury homes: March Newsletter 2010 - 03/21/10 11:01 PM
Read my new blog re-post regarding Strategic Short Sales. http://activerain.com/blogsview/1558502/the-art-of-the-strategic-short-sale You might find this interesting if you owe more than your home is worth. You may be eligible for streamlined short sale (approved in 15 days) if your mortgage is with World Savings or Wachovia. Contact me for more details.Market stats: It's still a buyer's market. February's numbers were better than January's and March is on track to exceed December 2009 numbers. It's common to have multiple offers on properties that are priced at or below market. New Listings Active Listings Sold Listings Months InventoryFeb/2010 12,872 43,007 6,566 6.55Jan/2010 13,219 41,685 … (0 comments)
|
luxury homes: Why Prequalify? - 01/22/10 08:54 AM
I get this question on an almost daily basis.
"We are just looking right now and we really don't think we need to get prequalified."
So, when the Doctor tells you to fast before an operation you don't listen to him either, huh?
One popular misstep in the home buying process is looking at property before you are qualified with a lender to make that purchase.
"Why" you say?
The reasons are simple but very important.
- You will know the exact amount for which you can qualify. This allows you to … (1 comments)
|
luxury homes: It's raining, it's pouring, the old man is......certainly NOT snoring! - 01/21/10 02:51 PM
Take it from my lender friend David Rider. Check out this article:
David Rider Major changes coming to FHA which will make it more expensive to use FHA including, Upfront MIP and lower seller contributions. Will really affect lower end first time home buyers. Better to get under contract sooner than later! agentgenius.com agentgenius.com In an effort to “strengthen the FHA’s capital reserves,” the Federal Housing Administration Commissioner David Stevens announced today big changes.
… (0 comments)
|
luxury homes: FHA Reverses Its 90 Day Flipping Rule...But - 01/19/10 11:24 AM
On Friday, FHA reversed its 90 day flipping rule. FHA buyers will now be allowed to finance homes after an investor purchase within 90 days. But…… the following will apply:
1. THIS IS NOT JUST FOR FORECLOSED PROPERTIES PURCHASED BY INVESTORS. It is for any qualified property
2. If the resold price is over 20%, a second appraisal will be required
3. Proof of the improvements
4. If the home was not a rehab, a verifiable reason of the increase in price
5. Lender has the right to ask for the home inspection
6. The lender will require a copy of the home inspection if the property is purchased over … (2 comments)
|
|
|
|
|
|
Katie Halle
Phoenix,
AZ
More about me…
Scottsdale & Paradise Valley, AZ - Keller Williams Realty
Address: 5301 N. Pima Road #130, Scottsdale, AZ, 85250
Office Phone: (602) 476-1942
Email Me
Let us help you with all of your Arizona Luxury
Home needs in wonderful places like...
Ahwatukee, Phoenix, Scottsdale, Paradise Valley, Tempe, Chandler
Gilbert, Mesa, and Queen Creek.
 Links
Archives
|
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
;)
;)