rynogeiger

My blog is being remodeled and rising from the ashes- like a Phoenix- hey it is a blog about Phoenix real estate. Read Full Story

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... 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 of humans... 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 of humans... 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 2008... 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 2008... 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... 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... 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