northern arizona: Market Condition Advisory
- 02/24/10 04:37 AM
Back in the old days three to four years ago when everything in the real estate world was hunky dory no one thought or seemed to care about what the market may look like in a few years. Life was good and if you bought real estate you could expect its value to increase. Then quite suddenly conditions began to change. The real estate market suddenly went south and property owners who had bought during those times found themselves in properties that were worth far less than when they had purchased. Given the declining real estate market the past couple of … (0 comments)
northern arizona: Northern Arizona Real Estate Trends
- 02/10/10 01:07 PM
As we enter a new year and a new decade there are signs that the storm clouds hanging over the real estate market in Northern Arizona the past few years are beginning to break. At a recent business meeting which I attended there seemed to be a consensus that the real estate market nationally will remain flat and perhaps drop a bit this year. The market should then begin a slow recovery in 2011 and the recovery should continue into 2012. If the economist, planners, and fortune tellers are correct by the end of 2012 we should be back to a … (0 comments)
northern arizona: Don’t kick yourself for your inaction
- 04/27/09 09:23 AM
While I am not an accountant and don't give tax advice I do know a great opportunity when I see one. Therefore I felt it imperative that this month's article address the tax incentives that are provided in the economic stimulus bill recently passed by congress with regard to real estate. First there is an up to $8,000 tax credit for first-time homebuyers. A first-time homebuyer is anyone who has not owned a home in the past three years. To qualify for the full $8,000 tax credit, couples filing jointly must earn less than $150,000 in adjusted gross income for 2009 … (0 comments)
northern arizona: Negotiating in a Buyers Market
- 08/14/08 07:11 AM
As we look at events of the past year in the real estate industry it has become apparent that we are now in a buyers market. Sellers who receive an offer to purchase are often dismayed at the low price buyers are bringing to the table. While both parties to a transaction want the best deal they can get it always comes down to negotiation. Here are a few thoughts which may help your ability to work with the folks on the other side of the transaction. Negotiating a purchase agreement is perhaps the most stressful aspect of a real estate … (0 comments)
northern arizona: Buying Investment Real Estate
- 07/06/08 05:44 AM
While there is much talk about how the real estate market is in disarray, the timing for investors may be just right. As the stock market continues to go south, and with money market/CD investments paying very low interest, it may be time that you consider moving your money into real estate investments. There are a number of issues to consider before buying investment properties. Are you interested in commercial, land, or residential property speculation? Land is generally a growth investment while residential and commercial rentals are considered growth and income. Each of these investment types has its own pitfalls and … (0 comments)
northern arizona: Homeowners Associations; what you should know before you buy
- 03/03/08 06:12 AM
As a result of the slowdown in the housing market and the mortgage problems facing many home owners, I feel that the timing is right to educate buyers about what to look for when purchasing a home in a subdivision that has an active Home Owners Association (HOA). Although the majority of associations are financially sound, problems could arise if the developer of the subdivision who started the HOA closes shop before turning the HOA over to its residents. Most associations have been around for some time so it is doubtful that they will run into financial problems. If you are preparing … (0 comments)
Back in the old days three to four years ago when everything in the real estate world was hunky dory no one thought or seemed to care about what the market may look like in a few years. Life was good and if you bought real estate you could expect its value to increase. Then quite suddenly conditions began to change. The real estate market suddenly went south and property owners who had bought during those times found themselves in properties that were worth far less than when they had purchased.;)
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