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7 Things Every Home Buyer Should Know About Short Sales.
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 Read More...
Here's a Quick Snapshot of Scottsdale Real Estate Activity (zip code 85258)
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 Read More...
Median Home Prices Across the Metro Phoenix Area
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 Read More...
The 7 Most Dangerous Short Sale Myths
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 Read More...
Ins And Outs of The $8,000 Home Buyer Tax Credit
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. • Read More...
Buyer Should Beware of New Appraisal Law
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 Read More...
Don't Buy Or Sell In Metro Phoenix Without This Market Data! Average Home Prices, Declines, Increases By Zip Code
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 Read More...
This Weeks (May 12, 2008) Phoenix, Scottsdale and Paradise Valley Real Estate Market Trends Reports Are Up And Ready For Download.
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 Read More...
Arcadia Area Sales Update
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. Read More...
Interest Rates Down, Metro Phoenix Existing Home Sales Up
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 Read More...
Phoenix, Scottsdsale and Paradise Valley Real Estate Market Trends - Week Of March 24th, 2008
This weeks real estate market trend reports for the following zip codes are ready for download . a. 85262, 85255 - North Scottsdale b. 85013 - North Central Phoenix c. 85258 - McCormick Ranch/Scottsdale/Gainey Ranch area of Scottsdale d. 85018 - Camelback Read More...
Metro Phoenix Real Estate Sales Trends And Market Data By Zip Code Within 20 Minutes...
Well...the "official" response time is within 30 minutes but my tests have shown less than 20... A few months ago I implemented TopProducers "Market Snapshot" on my site and I'm really impressed (so are my site visitors who've Read More...