We knew it was coming…and it is almost here. The reduction of FHA loan limits in Maricopa County is happening on October 1st. SOUNDS CRAZY to me to do this…but it’s true. The now amount will be $271,050… translating to to a sales price of $280,880 with a 3.5% down payment. Most people think that a conventional loan has [...]
Archive | Financing
RSS feed for this sectionNews From CoreLogic Released 09/13/2011
CoreLogic is widely recognized as a leader in providing financial and property information to consumers. They are highly regarded and often quoted as being a source for accurate industry data. Yesterday, they revealed a report stating that 22.5% of all residential mortgages are UPSIDE DOWN. Well, that sounds scary enough…but looking at the Arizona market [...]
Is The Fix and Flip For YOU As An Investor?
It sounds GREAT on the surface. Buy a home in need of some “fixing”… be it major repairs or just cosmetic items. Make all of the repairs and put it back on the market with the hope of making a profit. Well…let’s talk about the potential pitfalls…and windfalls of the fix and flip investor. First, when buying [...]
If You Want To Be In The GAME…Get Pre-Approved People…
EXHAUSTING! That is what is can be like for agent working in this market. Telling the same things to different people over and over. It’s not their fault. These people have likely bought and sold MANY homes in their life. They are sure they understand what it takes and what they need to do. Well…our [...]
FHA Extends 90-Day Seasoning Waiver
What is seasoning? It is the time frame between legal owners of a particular property in this case. For example if a home was purchased on March 1st and sold on March 31st…it would only have been seasoned for 30 days. The rules around how lender see this when providing a new loan for a [...]
Metro Phoenix Home STATS
We have one of the BEST Multiple Listings Services (MLS) available…and they provide us with relevant market data. Since everyone is talking about the “market” everywhere you go..I thought I would share some real numbers. All of this data is quoted from the Arizona Regional Multiple Listing Service, Inc…or ARMLS as we refer to it. [...]
Buying a Condo?…Financing Can Be A Challange
There are some REALLY good deals all over the Metro Phoenix Area right now…but before you get too excited about purchasing a condo make sure you understand the potential pitfalls with regard to financing. Of course, securing financing is the most important step in any transaction…but there are additional concerns when the property is a [...]
Home Prices vs. Interest Rates…Should You Buy Now?
Are home prices still falling? Each and every day I get e-mails and hear the local media voice “opinions”. Everything from “Phoenix homes prices will fall another 10%”…to “Metro Phoenix Home prices on the rise”. The truth is I do not think anyone can tell with too much accuracy what is happening for sure. I [...]
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$74,900 - 3544 E Le Marche Avenue
Phoenix
2 beds, 2.50 bathsHome size: 1,201 sq ftLot size: 2,117 sqftYear built: 1986
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$79,900 - 4008 E Fremont Street
Phoenix
3 beds, 2.00 bathsHome size: 1,848 sq ftLot size: 6,379 sqftYear built: 2006
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$60,000 - 5223 N 18th Drive
Phoenix
2 beds, 1.75 bathsHome size: 1,195 sq ftLot size: 2,422 sqftYear built: 1980
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$172,500 - 4848 N 36th Street, Unit 232
Phoenix
2 beds, 2.00 bathsHome size: 1,091 sq ftLot size: 1,043 sqftYear built: 1994
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$139,900 - 34746 N 30th Drive
Phoenix
3 beds, 2.00 bathsHome size: 1,265 sq ftLot size: 83 sqftYear built: 2003
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$149,000 - 1438 E Kerry Lane
Phoenix
3 beds, 2.50 bathsHome size: 1,536 sq ftLot size: 1 sqftYear built: 1986
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$229,000 - 2317 N 7th Avenue
Phoenix
2 beds, 1.00 bathsHome size: 1,100 sq ftLot size: 8,407 sqftYear built: 1945
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$234,900 - 2645 E Desert Cove Avenue
Phoenix
3 beds, 2.00 bathsHome size: 1,920 sq ftLot size: 10,860 sqftYear built: 1973
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$154,900 - 11650 S Iroquois Drive
Phoenix
2 beds, 2.00 bathsHome size: 1,480 sq ftLot size: 7,587 sqftYear built: 1978
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$49,999 - 6426 W Whitton Avenue
Phoenix
3 beds, 1.00 bathsHome size: 1,110 sq ftLot size: 5,826 sqftYear built: 1960
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$44,900 - 8134 W Flower Street
Phoenix
3 beds, 2.00 bathsHome size: 1,240 sq ftLot size: 7,362 sqftYear built: 1968
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$286,900 - 4307 E Montecito Avenue
Phoenix
3 beds, 1.75 bathsHome size: 1,465 sq ftLot size: 6,917 sqftYear built: 1955
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$125,000 - 3702 W Phelps Road
Phoenix
3 beds, 2.00 bathsHome size: 1,903 sq ftLot size: 10,138 sqftYear built: 1979
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$35,000 - 8747 W Pierson Street
Phoenix
2 beds, 1.00 bathsHome size: 950 sq ftLot size: 7,200 sqftYear built: 1980
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$435,000 - 2410 W Horsetail Trail
Phoenix
3 beds, 2.50 bathsHome size: 4,242 sq ftLot size: 9,187 sqftYear built: 2004
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$97,500 - 15418 N 2nd Place
Phoenix
2 beds, 2.00 bathsHome size: 1,127 sq ftLot size: 1,299 sqftYear built: 1975
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$23,500 - 4049 S 44th Way
Phoenix
2 beds, 1.00 bathsHome size: 792 sq ftLot size: 1,456 sqftYear built: 1973
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$64,900 - 2069 E Burgess Lane
Phoenix
3 beds, 2.00 bathsHome size: 1,695 sq ftLot size: 6,460 sqftYear built: 1960
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$525,000 - 3672 E Adobe Drive
Phoenix
4 beds, 3.50 bathsHome size: 3,472 sq ftLot size: 11,118 sqftYear built: 2006
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$131,250 - 2313 W Village Drive
Phoenix
3 beds, 1.75 bathsHome size: 1,885 sq ftLot size: 8,654 sqftYear built: 1959
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$25,000 - 4511 E Pueblo Avenue
Phoenix
2 beds, 1.00 bathsHome size: 924 sq ftLot size: 962 sqftYear built: 1973
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$271,500 - 19636 N 15th Place
Phoenix
3 beds, 3.00 bathsHome size: 1,981 sq ftLot size: 6,029 sqftYear built: 1998
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$269,900 - 4383 E Muriel Drive
Phoenix
4 beds, 2.00 bathsHome size: 1,827 sq ftLot size: 6,868 sqftYear built: 1995
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$95,000 - 907 W Saint Kateri Drive
Phoenix
3 beds, 2.00 bathsHome size: 1,349 sq ftLot size: 4,780 sqftYear built: 2003
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$65,000 - 4020 E Aster Drive
Phoenix
3 beds, 2.00 bathsHome size: 1,248 sq ftLot size: 7,058 sqftYear built: 1978
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