Many think, that real estate is about putting a sign in the yard, hoping for an offer on the property.
But here is what really happens. A wonderful buyer contacts me wanting to buy a house, in this market it may be a bank owned home or it may be a short sale, and It may be a traditional sale.
If it is a short sale, it could be a long wait, if it is a bank owned home, we can expect multiple offers.
But the bottom line is, I have some wonderful new friends that are patient and willing to nego... Read Full Story
Here are pictures of my latest 3 foster babies:
Betsy- a four month old Plott Hound Puppy, passed up by another rescue, with inflamed growth plates- on the E-list, meaning scheduled to die- What joy she has brought to our house.
Hank- the Black and Tan Coon Hound that spent half his life at the human society. He thinks he is a lap dog and just loves a good ear rub.
Paige- a Bloodhound mix-Left at a shelter with some kind of burn on her back. She cowers at the site o... Read Full Story
So do 50 other people.
Here are the facts:
Homes under 100k. 200k and yes up to 300k in the Phoenix Real Estate market-go fast, with multiple offers.
I want to low ball my offer- don’t think so- change your strategy - you will not get a “deal” on already reduced homes.
Don’t waste my time- be realistic- you are going to pay list price or above for a Phoenix foreclosure. Read Full Story
There are some requirements in the mortgage and lending industry that buyers and sellers need to be aware of as it may impact close of escrow dates.
This information is from Amy Swaney of Peoples Mortgage.
As a part of the Housing and Economic Recovery Act of 2008 (HERA – The law that did away with Seller-Funded Down Payment Assistance) there were significant changes made to the Truth-in-Lending Act. These changes were called the Mortgage Disclosure Improvement Act (MDIA) of 20... Read Full Story
There have been several positive articles and reports that indicate that maybe the we are on our way to better times in the Phoenix Real Estate Market.
Additionally, mortgage rates dropped for the third week in a row.
The 30-year fixed-rate mortgage averaged 5.14 percent for the week ending July 16, down from 5.20 percent for the previous week. One year ago, the 30- year rate averaged 6.26 percent.
Fifteen-year fixed rate loans averaged 4.63 percent, down from last week when it was 4.69 perce... Read Full Story
Here is a snapshot of Phoenix Home Sales for June. The was an increase in the price/sqft for homes sold in June.
Inventory continues to decline with only a 2.8 month supply of homes.
Phoenix Foreclosures
Foreclosures are being snapped up quickly, leaving only a 1 month supply of foreclosed homes. There is talk of another wave of foreclosures later this summer- only time will tell.
Read Full Story
Not real estate related.
This is dedicated to the hounds that I foster. I received 2 new girls today- a Black and Tan Coon Hound, a beautiful girl on the E-list- meaning she was ready to have a needle inserted into her veins and she would die. I also received a beautiful Red Tick Coon Hound today scheduled to receive a needle into her veins to make her die- but now she lives and is happy- Owner turn ins- “she needs more exercise” “we are changing our lifestyle” &... Read Full Story
25 offers, 19 offers, rude buyers agents barging in on agents currently showing the property. Listing agents that do not return calls, list with no lockbox- and it was 110 today- and most homes have no power.
Great prices- sure- be prepared to make multiple offers on multiple properties- week after week. If you are obtaining financing- you will be bidding against cash buyers.
If you want to offer below list price, you might as well stay home and enjoy the air conditioning.
Inventory continu... Read Full Story
As a forty something person, these people were very much apart of my music and TV life growing up. Taken so young- God Bless both- and your legacy will live on.
Condolences to all their family and friends. Read Full Story
Summer is in full swing, and temperatures are rising in the Phoenix area.
With the hot weather come reports of children being pulled from pools.
Remember to lock your pool gates, fence your pools, hide the phone and WATCH you kids around the pool and learn CPR. Read Full Story
