Archives for September 2009

Out of Town Buyers, Lenders … a Phoenix Real Estate Three-Dot Bonanza

Are you looking for a second or vacation home in the Phoenix real estate market and are you going to need financing? Make sure you’ve got at least 20 percent for the down payment and at least another three percent for closing costs (or be prepared to ask the seller for closing cost help.) Had […]

Underwriter Knows Best

Here’s the basic scenario: Buyers find a house. Buyer and seller agree on the price. Appraiser “suggests” a slightly lower price, and buyer and seller agree to agree with the appraiser. (Cue the ominous music) Enter the underwriter, who has determined that only he, while pushing pencils wherever his office happens to be, knows this […]

Layers Upon Layers of HOA Fees

It’s not uncommon when buying in an active adult community to run into a few extra fees – capital preservation fees, HOA transfer fees, disclosure fees are some of the most common. These fees are negotiable but more often than not fall back on the buyer to pay. But for those buying attached properties – […]

Weekend Theme Music – September 26

Sadly, Devils fans … we’re going to hear this damn song a lot today. [youtube: 400 300] Try and enjoy the weekend anyway.

Duck! It’s Phoenix Real Estate Market Stats, Part One

City by city numbers are going to have to wait until tomorrow as the actual business of real estate has kept me hopping the last two days. As for the overall numbers, there are 19,914 single family detached homes for sale in the Phoenix real estate market. The least expensive is, I hope, a typo […]

Getting Closer to Active Means Active When Searching Phoenix Real Estate

Tired of searching the Phoenix real estate listings and finding homes you like only to discover they’re already under contract? I’m very, very happy to say that with the help of the good folks at Diverse Solutions we have a remedy for you, at least on this and my other websites. No longer do you […]

Why I Live in Phoenix and Appreciating the Little Things

When you live in one place for 32-plus years the inevitable question is why … why is it that I have forsaken opportunities to move elsewhere in the country to make Phoenix my home long after I was done with high school and college. Maybe this photograph will help explain: Look above the houses … […]

Backup to a Bank Owned? That and $3 Will Get You a Latte

Of course, if you actually own Confederate dollars and call sell them for current U.S. currency, then maybe you have something. Otherwise, you may as well use worthless paper to pay for an offer that’s in a useless position. Bank owned listing agents, after the lender selects an offer, often tell everyone else that made […]

Buying REOs on Your Own is Much Like Swimming in the Atlantic in a Chum Slathered Suit

Let’s say you decide to purchase a bank owned home and you believe it’s a waste of time to have your own agent; you can call the name on the sign, after all (though the odds of a human answering the phone are about nil) and all real estate agents are about the same. Except […]

Phoenix Real Estate Inventory Update – September 17

Overall inventory crept up while bank inventory fell further in the Arizona Regional MLS this week. There now are 19,801 single-family detached homes for sale in the Phoenix real estate market, from a 1-bedroom, 1-bath Phoenix house available for $10,000 to a 4-bedroom, 9-bath mansion on 5 gated acres for a mere $18,900,000 (reduced from […]