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This house just came on the market and I'm thinking it's going to sell pretty quickly. It's in a cute mid-century modern neighborhood in Phoenix called Star of Paradise (off Cactus Road and the 51).
The house is so clean you could eat off the floor (ok maybe not!). Almost everything is new...cabinets, stainless steal appliances, ...
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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 having your offer rejected and you may not have the opportunity to make a counteroffer.
2. ...
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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, to buy another home in 2 years instead of 5 to 7 years.
•If your ...
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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, setting it into effect.
So, here’s the deal…
The original tax credit of ...
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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 activities with nearby Camelback Mountain, Picacho Peak and Dreamy Draw mountain ...
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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 finally have hit the bottom of the slide. According to the most recent 3 month trend, ...
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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 if this is a solution that you feel meets your current needs.
1. Short Sales are Impossible ...
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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.
• The law defines a first-time home buyer as a buyer who has not owned a home during the past ...
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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 law May 1. In the details of the law, Fannie Mae and Freddie Mac, quasi-government ...
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Built in 1931 for Lynn M. Laney, Maricopa County Attorney from 1917 to 1921, this brick-and-concrete home for sale in Phoenix truly evokes the Spanish Colonial Revival period from which it emerged. The ever-pleasing home style was minted by the 1915 Panama-California Exposition—a “fantasy city” built primarily using Spanish ...
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