JoeJanus.com

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. ...

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 ...

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 boundary runs along highway 101 and the Salt River Pima Maricopa Indian Community until it ...

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, ...

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 ...

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 ...

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 ...

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 have experienced an increase. Zip code 85258 (McCormick Ranch area) experienced a ...

A Ranch by definition, this impeccably kept Arcadia home is really a rich, pleasing contemporary with plenty of surprises. Fully renovated by David Michael Miller Associates, it skillfully blends state-of-the-art living with a framework steeped in nostalgia and elegance. (The Scottsdale design firm has been featured in such publications as The New ...

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 Central Phoenix and the Biltmore check out my reports page.   If you're looking for ...