home buying: What Was September Like in Fountain Hills? - 10/05/09 09:48 AM
You can listen to the news reports  or read  Arizona Republic  and Tribune about the housing market
 But what you're reading and hearing about the Phoenix market, doesn't necessarily apply to Fountain Hills. Remember, real estate markets are local.
Locallyhere in Fountain Hills,Arizona we have 328 single family homes on the market.That represents less than 4% of the total number of single family homes in this  special desert town. There are 121 homes listed below $500,000, 117 from $500,000 up to $1million and 95 listed above $1million.
20% of the houses on the market are distressed; while 50% of the properties … (1 comments)

home buying: How to Buy or Sell for the Best Price - 04/07/09 10:25 AM
When it comes to selling or buying a house, the more knowledge you have, the more you are in control of what a house sells for. Knowledge gives you power.
Sellers who understand the value of their house will sell for more.
By being aware of what is happening in your market you can learn what buyers are willing to pay the most for.
Learn what builds value. Get an equity check-up once every couple of years so that you know the approximate value of your home. Even if you are not planning to sell for many years, it’s important to … (0 comments)

home buying: First time buyers: What you need to know. - 03/31/09 01:52 PM

 
Who are first-time buyers? You are a targeted market of people who have either never owned a home or you have not owned one in the past 3 years.
The government is aiming at you to begin to untangle the housing knot. Like the genie in the lamp the Congress and President Obama will grant your wishes by giving you a once in a lifetime opportunity.
You can now afford a house and the government is paying you to buy it.
You will be able save money, feel a sense of security and comfort, build equity for the future … (0 comments)

home buying: Market Gridlock - 03/17/09 02:56 PM
Wow! All of these wonderful houses available at bargain prices! The interest rate hovers just above 5%! What a perfect time to sell your house and buy a bigger house or a smaller nest. But how do you do that with market gridlock?
When money grew on trees and all you had to do was sneeze to get a loan, you could list your house and before the ink was dry on the paper, a realtor brought an offer. With most loans today requiring 20% down (some up to 30%) and strict qualification guidelines, buying a house before you sell yours … (0 comments)

home buying: Fountain Hills and the Stimulus Bill - 03/14/09 02:46 PM
There’s lots of rhetoric about the stimulus bill but what does it mean for you and I?
 
• If you are a buyer looking for a home up to $900,000 you will not have to pay for a high cost jumbo loan. Loan limits for conventional loans will be $729,750. This is meant stimulate the market for higher end houses like the $800,000 to $900,000 range, where only 11 houses sold in Fountain Hills in 2008. Sellers in that price range may begin to see more activity.
• If you have never owned a house or if you not owned … (0 comments)

home buying: Here Comes the Judge - 03/07/09 10:36 AM
With credit tight and lenders fearful of lending, we have returned to the days when an underwriter acts as judge and determines your credit worthiness. Mortgage money is available. But it is only available to qualified buyers.
Here’s what you have to do to qualify.
 
• Prove you can make your payments.
• Have cash up front. For an FHA loan you need 3 1/2% down. The maximum loan is $271,050.
• Have a good FICO score (credit score). Scores range from 300 to 850. Whether or not you are considered credit worthy depends on your score. Above 720 you … (0 comments)

 
Erica West (ReMax Sun Properties)

Erica West

Fountain Hills, AZ

More about me…

ReMax Sun Properties

Office: (480) 837-7000

Mobile: (480) 650-7002

Erica West - your Fountain Hills real estate expert!


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