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1. Don't make lowball offers. Every lender has a certain dollar amount they want to net from the sale. Typically first lien holders (lenders) want to net at least 85% of the fair market value of the home. If you lowball, you have a good chance of
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We’ve all heard the horror stories about short sales but here are just a few of the important advantages that anyone looking to “short sell” a home or buy a short sale MUST be aware of. •You will be eligible, under Fannie Mae guidelines,
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1. Property is Priced Incorrectly PITFALL: This is the most common mistake made with all properties and the most common reason a listing expires and a property doesn’t sell. SOLUTION: The right agent will go through a detailed listing price strategy
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On Weds, Nov 4th, 2009, Congress nearly voted unanimously for The Unemployment Compensation Extension Act which included an amendment that extends and expands the Home Buyers Tax Credit. President Obama signed the bill today, Friday, November 06, 2009,
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ZIP code 85016 comprises a 10 square mile area of Northeast Phoenix. Another one of my favorite zip codes in the city due to its location to central Phoenix activities, light rail, amazing shopping at the Biltmore and Scottsdale Fashion Square, and outdoor
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For those interested in Paradise Valley Real Estate, ZIP code 85253 comprises a 17 square mile area encompassing the town of Paradise Valley and a few adjacent sections of the cities of Phoenix and Scottsdale. The boundaries of Paradise Valley and ZIP
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One of my favorite zip codes when it comes to Scottsdale homes for sale, 85258, comprises an area of North Scottsdale stretching from Indian Bend Road in the south to Shea Boulevard in the north. The western boundary is Scottsdale Road and the eastern
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On August 20th, 2009 journalist J. Craig Anderson with The Arizona Republic reported that after a record breaking 27 months of decline in the Valley's median home price, some of the most influential local real-state analysts predict that home values
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A short sale can be an excellent solution for a homeowner who owes more on their home than what it is worth and has to sell. Unfortunately a number of myths about short sales have developed and it is important you understand the reality of this process
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Want to know more about the $8,000 homebuyer tax credit? Well, here are the main points of the credit along with a website you can go to for more details. Who is Eligible • The $8,000 tax credit is available for first-time home buyers only. •
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At the start of what seems to be a great season for house-hunters, a new law has created difficulties for home buyers, their Realtors and other real estate professionals in an already beleaguered market. The Home Valuation Code of Conduct, or HVCC, became
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I've uploaded the MLS market stats report for the 1st quarter of 2008 for ALL Maricopa County zip codes. Compared to the same quarter in 2007 almost all areas show a decline (not a big surprise there) in the average home price. However a few areas
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This week reports are ready for you to download . The median list price for zip 85018 (Camelback Corridor/Arcadia area) this week is $699,000 which is $5,000 over last weeks median. For other areas like Troon , McCormick Ranch , Paradise Valley , North
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Sales activity for the Arcadia area (for those of you who know the MLS area number it's area 405) has been pretty slow. There are 88 single family homes listed for sale between $450,000 and $4,950,000 with square footage ranging from 1536 to 7860.
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As we move into May, mortgage rates are slowly dropping. The average rate for a 30-year fixed-rate mortgage has lowered to 6.01 percent, with fees increasing to an average of 1.26 points, according to the Mortgage Bankers Association. Last year at this
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