maricopa county: Condo Conversions Slow in Phoenix Metro Area
- 07/08/06 10:56 AM
Not suprisingly, condo conversions are slowing in the Phoenix area. 12 - 18 months ago, it seemed like there was a condo conversion happening on every corner. I recall a client I was showing some conversions to saying, "who is going to buy all these things?" And he was right. Developers flooded the market and now there are too many. Nice units in certain parts of town still sell well. Slashed prices are not uncommon in other parts of town. Condo conversions slow down in city Luci Scott The Arizona Republic Jul. 8, 2006 12:00 AM Buying apartment complexes for conversion to … (1 comments)
maricopa county: The Car Conveys!
- 07/01/06 12:34 PM
Buy a house, get a free car! Believe it or not, it is possible to just that. As Phoenix shifts from an insane seller’s market toward (TOWARD) a true buyer’s market, many sellers are beginning to offer some unique enticements to get the attention of buyers. The things we’ve seen range from the “typical” to the quite creative… Paying for closing costsBuying a home warrantyIncluding furnishings, appliances, even the pool table.Paying the first months (or 2 or 3) mortgage paymentsCredit(s) for landscaping, flooring, appliances, etc.Guaranteeing 12 months of rental payments (Investors take note!)Paying for a new swimming pool (!)Leaving the new … (3 comments)
maricopa county: Earnest Money - what, why, how much?
- 06/25/06 12:14 PM
Earnest Money – whenever we’re writing up an offer for a buyer, invariably the one thing that generates the most questions is earnest money. What is it, why do I need it, how much, will I lose it – these questions almost always require a lot of discussion and education. What is earnest money and why do I need it? The “book definition” of earnest money is: “A deposit paid by a buyer to a seller to demonstrate intention to complete the purchase.” That pretty much sums it up. In Arizona real estate, earnest money is some amount of money, deposited … (13 comments)
Not suprisingly, condo conversions are slowing in the Phoenix area. 12 - 18 months ago, it seemed like there was a condo conversion happening on every corner. I recall a client I was showing some conversions to saying, "who is going to buy all these things?"
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