real estate: Bulider Incentives....Time to take advantage
- 08/26/08 03:35 PM
Phoenix area home builders are struggling to sell homes. There has been a 56% drop in New home sales from June 2007 to June 2008 according to R.L. Brown’s housing report on the Phoenix area real estate market.
The days of waiting in line to pay a premium for a home from a Phoenix new home builder are a fleeting memory. Today, large builders like Toll Brothers, Pulte, KB Homes, Hovnanian, and most smaller local builders like Camelot Homes are offering truly great products at unbelievable prices. However, the competition for fewer and fewer buyers is so fierce that Builder … (0 comments)
real estate: Paying full price is not an option!
- 08/26/08 03:47 AM
In my area of Phoenix , Scottsdale Arizona, I have real estate buyers who tell me all the time, that they would never pay full asking price. In fact , almost every client likes to makes offers at least 10% below market , first offer, no matter what the price. In some cases, this ‘haggling' / negotiating strategy makes sense. However, there are situations in which, it makes sense to pay full price, if you really love , want , and can afford the home. Here's an example Mr. Buyer found a home in Fountain Hills that he loved;It was priced … (0 comments)
real estate: Can lower prices actually be good news??
- 08/26/08 03:45 AM
I woke up this morning to Today's leading business Headlines , ( Real Estate News) can ‘eye-catching' news like .... "New home sales plunge to lowest level in 16 1/2 years, prices drop by largest amount in 38 years" according to the Commerce Department , "The median price of a new home in March, compared with a year ago, fell by the largest amount in nearly four decades." .... ever be considered optimistic for housing. don't get me wrong this is not great news for Real Estate. In fact, here in Greater Phoenix and its familiar towns of Scottsdale, Paradise Valley, … (0 comments)
real estate: Mesa - lender owned home
- 08/25/08 07:24 AM
4505 S Adelle, Mesa, AZ, 85212 - $205,000 4 Bedrooms/ 3 Bathrooms 2030 Square Feet Queen Creek High School District Mesa, arizona Cul-de-sac lot Island Kitchen & Breakfast Bar Bank Owned/ REO Not a short sale quick response time Listing Courtesy of Century 21 All Star Realtors -------------------- Prepared by: Jason C. Mitchell , Coldwell Banker Residential Brokerage - (734) 637-2731 Information deemed reliable but not guaranteed. Buyer to verify all information. Copyright Notice
… (1 comments)
real estate: A SHORT SALE, is only a SHORT SALE when..................
- 08/25/08 02:27 AM
There has been a significant and fundamental change in the display and public recording keeping of home ownership here in Maricopa County (Phoenix|Scottsdale and surrounding townships of Mesa, Gilbert, Tempe) Arizona. Preciously, on the tax records, anybody, could go to the public records and type in the last name of a friend, family member, business associate. The search would return records of not only every home or every Real Estate purchase ever purchased in Maricopa County under that name, but also the purchase price or sale price, down payment and loan amount (or cash purchase). Now, if you search the public … (0 comments)
real estate: Sell for less...When paying less.
- 08/24/08 02:02 PM
One of the challenges the real estate market has before we can get some marked improvement is the reduction in the inventory of available homes listed for sale. However, that challenge is faced by the fact that most people who buy a new home (thus helping to reduce inventory) have a home to sell; and thus, we come full circle and are back to the begining, with the difficulty in selling homes. Economists call this being in a box. However, most of us look at it as which comes first the chicken or the egg. I do think there are … (0 comments)
real estate: Lease Option - a Good Option (for buyers)
- 08/20/08 12:42 PM
It is increasingly more and more difficult for home buyers to get loans. Now 100% loans, or ‘majority financing‘ is a very limited option. Here is something that can help facilitate the transaction: Lease option - "contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to buy the house at the end of the lease period for a price established in advance" These deals can be structured so that a portion or all of the rent payments can go towards … (0 comments)
real estate: How Much Home Can you Afford ?
- 08/17/08 06:06 PM
First-time homebuyers, Before you start touring homes for sale, it's important to start off with a budget so ... you know how much you can afford to spend on a home. Knowing what mortgage payment you can handle will also help you narrow the field so you don't waste precious time touring homes that are out of your reach. Where to begin The key factor in figuring how much home you can afford is your debt-to-income ratio. This is the figure lenders use to determine how much mortgage debt you can handle, and thus the maximum loan amount you will … (0 comments)
real estate: a Home is an Investment Last !!
- 08/15/08 06:19 AM
Forget the thought of home buyers thought getting rich and making money on their own home. It is a a place to live First !!! Period. secondary. yes, a lot of money can be made; and lost.
However, let’s remember the Top 5 reasons to buy a home.
1. a Home is place to live 2. enjoy tax benefits 3. a fixed mortgage payment in time (rents typically rise with inflation) 4. each month you save money by paying down your mortgage loan 5. build a nest egg over time
Take advantage of the opportunities that … (0 comments)
real estate: Will the Housing Rescue Bill work to help Phoenix Real Estate?
- 08/13/08 03:34 PM
Congress passed a housing rescue bill aimed at sparing 400,000 struggling homeowners from foreclosure. President Bush is expected to sign the Bill into law early this week. The question on everyone's mind nationally is "will the plan outlined in the Rescue legislation work" to help the struggling economy and support the ailing real estate market? We are paying attention closely here in Phoenix where we are overrun with foreclosures in such prominent towns as Fountain Hills, Scottsdale, Peoria, Glendale and Mesa; even Paradise Valley has REO listings. I believe that there is no silver bullet that will be a complete quick … (0 comments)
real estate: Costs of the housing bill
- 08/11/08 07:45 AM
we have recently written several articles about my support for the Housing Rescue Package that passed with resounding support in the House of Representatives and escaped the threat of Veto from President Bush. I believe it is an important piece of Legislation that does 2 important key things to add support to the ailing housing and credit markets. It creates badly need liquidity in the credit markets by permanently lifting the dollar amount of mortgages that can be repurchased by Fannie Mae and Freddie Mac and expands the federal mortgage insurance program allowing up to $300 Billion in insured loans by … (0 comments)
real estate: This Deal Sure Looks Good ", .... I think I should buy*
- 07/13/08 10:13 AM
as we all know, ...When it comes to buying real estate, Patience, prudence, insight, educated decision making and a little luck can present you with promising opportunities. However, financial professionals, will often tell you that "Risk evaluation" is probably the most important criteria one must consider before making the decision to buy. Risk/Reward can be defined as the amount of risk one must take to provide a similar amount of return on investment. Generally, the higher the risk, the higher reward. Here are 3 thoughts I recommend for all buyers to consider when evaluating risk before deciding whether or not your … (1 comments)
Phoenix area home builders are struggling to sell homes. There has been a 56% drop in New home sales from June 2007 to June 2008 according to R.L. Brown’s housing report on the Phoenix area real estate market.
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