Archives for April 2010

Thanks, Governor Brewer, for Giving Me a Blog Post

Right off the bat: if you’re expecting any sort of commentary here regarding the recent passed by the Arizona Legislature and signed into law by Governor Jan Brewer – you know, the whole “show me your papers” thing – it just ain’t gonna happen. No interest here in jumping upon that particular hand grenade. What […]

New to the Market – 8099 W Tonto

Just put this one on the market this morning. Two of the more interesting aspects about this home are it’s in an area with a much-sought after elementary school – Frontier Elementary in the Peoria Unified School District – and that the supply for homes with a swimming pool in Fletcher Heights is almost non-existent. […]

Outsourcing the Phoenix Real Estate Sale – HOAs and Condo Certs

Follow along if you don’t mind … Most homeowner associations in the Phoenix real estate market charge some sort of transfer fee ranging from a hundred dollars or so to a thousand dollars or more. While living in an HOA, sellers are paying the homeowners association not only for the amenities of the community but […]

VA Zero Down Real Estate Financing Doesn’t Mean There’s Nothing Out of Pocket at the Start

Ran into a somewhat interesting situation the other day with a buyer using a VA loan. For those who don’t know, the VA provides 100% financing for veterans and allows vets to wrap their sole cost – the VA funding fee – into the loan itself (if the contract is so written by the real […]

Weekend Theme Music – April 24

Have I posted this one before? The memory starts to slide at a certain age. Let’s suffice it say yesterday brought me another reminder that there are moments in life when you have to slow down, look up and figure out what’s really going on. So off we go, into the blue again. Enjoy the […]

Phoenix Real Estate Inventory Update – April 23

Inventory ticked down from last week’s report and sales ticked up by just under 200, bringing the months supply of inventory – the absorption rate – in the Phoenix real estate market to 3.45 months. While bank owned homes continue to drive the market – there is a 1.3 months supply of REO inventory – […]

Getting that Second Home Just Got Easier – Down Payment Requirements are Falling

Looking for a second home or vacation home but have been stymied by the 20 percent down payment required? It looks like help is on the way. Received a note from the good folks at Sterling Mortgage that 10 percent financing for second homes and vacation homes here in the Phoenix market now is available […]

Homebuyer Tax Credit Countdown: 11 Days to Go

In the next two weeks, the federal Homebuyers Tax Credit will reach its conclusion. To qualify for either the up to $8,000 first-time buyers credit or $6,000 move-up buyers credit, you need to be under contract by April 30 – less than two weeks from now – and escrow needs to close on or before […]

If You’re Looking to Own a Vacation Rental, Now is the Time to Buy

Though the vacation rental season in the Phoenix market is nearing its end, the months of April and May remain the time to buy a property to use as a vacation rental – especially if you’re looking to purchase in one of the area’s many retirement communities. Inventory thins substantially at the end of the […]

Phoenix Real Estate Inventory Update – April 16

Today’s advice before we get to the stats: take with a grain of salt anyone who feels the need to tell you “these are the facts” over and over and over again in effort to prove their point. There’s a reason for the expression “the facts speak for themselves.” What does this have to do […]