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Before You Buy Those Fireworks in Maricopa County

… here’s a lesson in Arizona logic. It is legal to purchase fireworks at your local Walmart or Costco or from one of those white tents that seem to spring up like weeds across the Valley – the Arizona Legislature says so. Unfortunately, every municipality in Maricopa County except Gilbert and Mesa has outlawed their use within their city limits. So, if you like looking at fireworks inside a box, you’re in business. Otherwise, not so much. While I fully understand the public safety, don’t want to start fires concept … do you really think the people stupid enough not to […]

So As You Watch Your Roof Melt …

It’s too damned hot for me to put together a post of my own, especially as I’m one of those fools without a swimming pool. So I’m turning things over to the Phoenix Roofing Team for the day: Courtesy of: Phoenix Roofing Team

Phoenix Real Estate Market Forecast Depends on the Viewer

I’m in the midst of reading George RR Martin’s Songs of Fire and Ice, more commonly known as Game of Thrones thanks to the first novel and the HBO series, for the second time. And in the second book (as well as the second season) there is the emergence of the red comet, a comet so bright it can be seen in the daylight (although, oddly, it never seems to change position in the sky which is, of course, impossible.) Everyone who views the comet – from Daenerys to Catelyn Stark to Robb Stark to Joffrey Baratheon to the men […]

An Evening in The Bordello

Note, that says “The Bordello” and not “a bordello” since, as far as I know, there are no bordellos in Phoenix. (But hey, if you know of one …) The Bordello is the affectionate name given to Section 302 of Sun Devil Soccer Stadium by its denizens, La Furia Roja, the supporters’ group for the Phoenix FC soccer team. Wait, we have a professional soccer team? Why, yes, we do. Phoenix FC plays in the United States League, or USL, which technically is the third tier of American soccer behind Major League Soccer and the North American Soccer League, though […]

Bernanke Declares the End of the World is Near

Did you hear the news yesterday? From the CNNMoney article … If unemployment falls to 7% by mid-2014, the Federal Reserve will stop buying U.S. bonds and mortgage backed securities, he said. That’s the first hard number the Fed has given for when it may end its stimulus policy, known as quantitative easing. For now, though, the Fed’s policy and pace of asset purchases remains unchanged. “The fundamentals look a little better to us, in particular the housing sector,” Bernanke said. “State and local governments are now coming to a position where they don’t have to lay off a lot of workers. […]

Termites Are Munching Two by Two Hurrah, Hurrah

Yesterday I received a call from a termite inspector about a house he’d checked out for one of my buyers. Apparently, there was the faintest sign of termite trails in the ceiling of the master bedroom in one of the corners; neither my buyer or I had noticed it when we were in the house. And believe me, we were looking. Over the three weeks we had spent looking for homes, we had seen termite tubes emerging from the ceilings or walls of no fewer than three homes. What was most striking is that this generally doesn’t happen here in […]

When You Have $50K Burning a Hole in Your Pocket …

… and you’re looking to invest in the Phoenix real estate market, might I suggest not using it try and purchase a property in cash? I mention this because I received a pair of calls yesterday. One buyer’s maximum price point was $25,000, the other’s was $50,000. Consider this. The median sales price in the Phoenix real estate market is just over $180,000. Which means properties meeting even the $50,000 are roughly 72 percent below the median for the market. Disclaimer: the Fair Housing Act legally prohibits a real estate licensee from discussing specific areas in subjective terms: good, bad, […]

New Home Community – Villages at Westridge Park

Yesterday I suggested new builds may be a less stressful way to go for FHA and VA buyers. Here’s an example of what I’m talking about … Villages at Westridge Park is a brand-new gated community located near Thomas Road and 75th Avenue. Floor plans range from 1,286 to 1,894 square feet and base prices run from about $138,000 to $154,000. That’s somewhere in the $600 range for principal and interest depending on your interest rate; property taxes and insurance would be separate. And, again, these are base prices so upgrades can add to the cost. Still, for someone paying […]

FHA and VA Buyers – Think About New Builds

Here’s the basic reality of purchasing a home with either a VA or FHA loan. It’s bloody difficult in this market, especially under $175,000. Why? It’s rather simple … Multiple offers are the norm and, if someone else comes in with cash, an FHA or VA offer is DOA. FHA offers often have seller concessions to closing costs attached which, when placed side-by-side with a conventional loan, renders a FHA or VA loan DOA. VA loans come with additional costs to the seller. So, while these offers often are golden – it’s hard not to get a VA loan approval […]

Reserve at Plaza del Rio by Maracay Homes

Maracay Homes is building new homes in Peoria, just west of Loop 101 in Plaza Del Rio. The Reserve at Plaza del Rio features six different floor plans with square footage ranging from 1,404 to 2,492 and both one- and two-story models. Prices start at $204,000 for the smaller models and go up from there; some incentives are available through Maracay if you use their designated lender. Actually, let Maracay tell you about more about the community: This vibrant neighborhood enclave provides the perfect backdrop for introducing our New Arizona Living Collection, a series of contemporary home designs carefully crafted […]