Real estate blog entries tagged with down payment assistance by Mark Organek - Tempe Gilbert Mesa Chandler REALTOR (RE/MAX Alliance Group)

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down payment assistance: When REO's won't turn the utilities on or make minor repairs...BUY IT! - 08/25/08 11:35 PM

Sometimes it seems that every non-short sale property that hits the market gets snatched up quick!

There are plenty of buyers, they just want deals! The bidding-up of values sometimes gets crazy.

I have a couple with a large family. They're looking to buy their first home. They can … (19 comments)

down payment assistance: Down payment assistance will be eulogized no more. Solutions exist! - 08/22/08 03:46 AM

I hereby declare that from the 21st of August, 2008, I will move on from down payment assistance. Now, I'll focus not on bad-mouthing, I will focus on the solutions below...

Our politicians did what they did and come October 1st, things will be different.
Just like I would … (28 comments)

down payment assistance: Did Congress cut off the nose to spite the face? - 08/20/08 01:43 AM

I'll keep this one short and sweet:
What will cause more damage to home values: Termites or Congress?
How many of today's short sales and foreclosures are FHA? Not many! - During the boom years, you couldn't do an FHA loan because the loan limits were lower than what homes were selling for. … (9 comments)

down payment assistance: There may never have been a real estate market situation as this! EVER! - 08/18/08 09:26 PM

With the impending end of down payment assistance, there may never have been a more ripe opportunity to "MOVE UP" or switch homes.
Sell now...Buy later!
A majority of transactions that have occurred in the AFFORDABLE price range lately have been FHA transactions.
Sell now...BUY LATER!
Many of these transactions involve … (12 comments)

down payment assistance: Non-short sale inventory moving fast in Tempe, Arizona - 08/08/08 10:49 AM

The final months of seller funded down payment assistance programs is drying up inventory! Non-short sale inventory, that is.

In Tempe, last week, search results for a client gave me 13 available units under $180,000. Yesterday, it was five. This morning, it was four. Are we at a bottom? Not … (9 comments)

down payment assistance: Told a Tempe Seller, you may want to get your house on the market today! - 08/01/08 02:37 AM

It's 10:00pm today and I'm talking with a homeowner in Tempe, Arizona that was thinking of selling one of his homes. I told him, if you want $250,000 you're probably going to fetch $265,000. Just get it out there today!

It's not a short sale!!!! - With down payment assistance … (2 comments)

down payment assistance: With the demise of down payment assistance programs should we stop now? - 07/29/08 03:28 PM

Could using the October 1st deadline for down payment assistance as a reason for buyers to get out into the market possibly be viewed as predatory?
Are we going to be leading sheep to the slaughter?
With the evaporation of the Alt-A lending programs last year, we've seen a continual decline … (17 comments)

down payment assistance: Is buying a short sale better in Arizona? - 07/28/08 07:15 PM

With the recent news regarding the upcoming elimination of Down Payment Assistance, I would think so.
Everyone would agree that short sales take time. Couple that with incompetent parties (either side) and you have a recipie for a three month or more process. The end result: frustrated buyers.

Today, one … (5 comments)

down payment assistance: FHA DPA's: Agents earn "sales" bonus of $250.00 to $650.00 using it! - 03/25/08 03:58 PM

In a market plagued with agents unaware of shifts in strategy, "know how" with FHA Down Payment Assistance programs could get you a nice bonus! Best part about it? It is a WIN-WIN-WIN situation.
SELLER sells their home! BUYERS go from rent to own! AGENT sells a listing!!
Now that FHA … (11 comments)

down payment assistance: Tempe, Chandler, Gilbert, Mesa DOM UNDER 100 Days. The rest of USA??? - 03/13/08 12:28 PM

ARMLS statistics show nearly every ZIP Code's "Days on Market" for Arizona's East Valley home sales now under 100 days!!!
What's wrong with the rest of the country?
What about the 50,000 other listings currently sitting on the market here in Arizona? Oh, I forgot, the Days on Market is only finite … (3 comments)

down payment assistance: Down Payment Assistance's Days May be Numbered! - 03/07/08 07:36 PM

WRITE TO YOUR CONGRESSMAN!!
Although Ameridream and Nehemiah's DPA progam heads recently announced the decision of federal courts to halt HUD's ability to disallow the providing of down payment assistance in the form of gifts from non-profit organizations, Congress may potentially provide the death blow. The courts are correct in stating … (0 comments)

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