Sellers

Jan. 9, 2014

What to expect in Spring 2014?

2014?If you're buying or selling real estate in spring 2014, there are a few things you should know.

Our friends at the Cromford Report recently reported a new low on 1/14/14 of pending listings of -42.1% (year over year). This means the number of homes going …

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Sept. 30, 2013

Have an ARM? (Adjustable Rate Mortgage)

ARMRateIf you are like millions of other American's you may have purchased a home during our housing boom with an ARM or adjustable rate mortgage to save a little money on your home payment given the high prices during that time.  This means that your interest rate was …

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Dec. 5, 2012

Maricopa County, AZ 2013 Real Estate Outlook

I think now that elections are for the most part over (except where the last of the provisional ballots are still being counted here in Maricopa County), most folks have some expectation of what comes next.  The mortgage interest deduction is likely to stick around, unless it also gets …

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Sept. 18, 2012

Lending Standards: Too tight, too loose or just right?

I read an interesting article today put out by RISMedia, heavily loaded with quotes from Lawrence Yun, the Chief Economist for the National Association of Realtors (read it for yourself here).  He had some very valid points about current lending standards and the challenges borrowers faced when applying for …

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Aug. 31, 2012

More Short Sales with Law Extension Through 2013?

Check out the article in today's LA Times here: http://www.latimes.com/business/realestate/la-fi-harney-20120812,0,7914990.story

The Mortgage Forgiveness Debt Relief Act may be extended if the bi-partisan Senate Finance Committee is successful with getting their bill through the Senate and House. The impact of a …

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March 14, 2012

Leasing Your Home May Be a Profitable Option to Selling

For Lease/ For RentWith the sheer volume of homeowners who have either short sold, or lost homes to deeds in lieu of foreclosure or actual foreclosure, there are more renters than there have been in a long time looking for suitable homes to live in.  To add to that, with so many …

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Oct. 13, 2011

Stuck in a high-interest loan because you have no equity to refi?

Help may be on the way.  If this legislation being floated around Washington to remove the barriers that prevent homeowners from being able to refinance their homes currently at higher interest rate and/or adjustable loans into lower, market-rate loans (currently interest rates hover around 4%). To many it …

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Sept. 28, 2011

AZ Dept of Housing Offering $$ for Homeowners who Short Sale

Apply here to seed if you qualify for assistance

AZ Depart. of Housing is trying to spend $269 million in federal foreclosure-prevention funds by offering homeowners $4,500 & to pay their 3% closing costs to work with their lender & complete a short sale instead of losing their home …

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Jan. 9, 2011

US rentals rise 12% in 2010; Avg. price of home for sale falls 10%

Food for thought: The average rental price rose almost 12% in 2010 while the average price of homes for sale dropped about 10%. Recently a well-qualified (making over $250K in verified income) client of mine was beat out 3 times in the "race to find a rental" in Scottsdale.  …

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