For most homes, having the priced dropped $50k could mean many things and in most cases it does not mean it is a SCREAMING DEAL like this one. FIRST TIME LISTED SOLD IN LESS THAN A WEEK When we first listed this home for sale on July 24th, it got a near full price offer…Read More→
METRO PHOENIX MARKET UPDATE FOR OCTOBER 2009
Please feel free to pass this message on to others and comment with your thoughts! Today I take a detailed look into the sales for the Metro Phoenix real estate market. I discuss when and where the bottom of the market may be and review how values bottomed for homes sales in March for Phoenix…Read More→
NACA "SAVE THE DREAM" TOUR- COMES TO PHOENIX OCT 2ND TO 5TH
If you have not heard of NACA and Bruce Marks you should. If you want a one day answer on a loan modification be at the Phoenix Convention center today, Oct. 2nd thru Oct. 5th for their Save The Dream Tour. “You don’t have to be in foreclosure or about to loose your home to…Read More→
PHOENIX HOMES SELLS 12% OVER APPRAISED VALUE
Despite the government’s horrible new law, HVCC, this home sold well over appraised value! WHY, WHAT’S THE STORY? I was contacted by John and Sue to sell their home on east Topeka. I meet with them and discussed the comparable sales. However, in their case I had just worked with a buyer looking for a…Read More→
HVCC: Housing Industry working with Cuomo on Appraisal issue
If you have not heard, the new law HVCC is destroying property values. Now the Realtors and lenders are working with New York attorney general Andrew Cuomo to fix this WRONG! http://www.newsgeni.us/articles/154/Housing_Industry_Pleads_for_Appraisal_Reform.html Any time a job can be done with no accountability it will lead to poor work. HVCC gives no accountability to appraisers. Yes,…Read More→
Arizona Cardinals vs. Indianapolis Colts
Bounce back from Poor season opener Well my Cardinals bounced back last week. It looked rather simple as I watched from my sofa! There was a fear, 0-1 start, loosing at home to the San Fransisco 49ers and then going on the road to the east coast. But the Cards easily got that monkey off…Read More→
MOUNTAIN BIKING IN MCDOWELL MOUNTAIN RANCH
I hope you enjoy this quick video of me riding this morning in the McDowell Mountains. I live in McDowell Mountain Ranch and love the trails I can ride from my garage. Today I go up the Taliesin Trail to the Taliesin over look. From there I can see Camelback Mountain and most of Scottsdale….Read More→
"BUT SHORT SALES AREN'T A LONG SHOT ANYMORE…"
ARTICLE IN THE ARIZONA REPUBLIC ABOUT SHORT SALES This morning in the Arizona republic’s article “Fast? No. A sure Thing? Not Likely But short sales aren’t a long shot anymore, real-estate agents say” discusses a few of the realities about short sales such as: they take a long time, currently the best deal for buyers,…Read More→
HVCC HAS TO GO, IT IS KILLING YOUR HOME VALUE
GOVERNMENT TRIES TO HELP Why is it every time the government tries to help they make things worse. Yes, in the “hey day” some lenders called the appraisers and put pressure on them to get appraisals done. This was done by the few. So, the government creats this new law HVCC, which stands for Home Value Code of…Read More→
METRO PHOENIX WEEKLY REAL ESTATE MARKET UPDATE 9/17/09
I hope you enjoy the information provided in my weekly real estate market update. Please don’t hesitate to ask questions or make comments!! Today I discuss the real estate market in metro Phoenix and Scottsdale. I will give the available listings, pending listings and sold listings for the week. Then I discuss the question of…Read More→
WARREN BUFFETT SAYS WORST IS OVER, BERNAKE AND OTHER HEROS
Wow, these are some pretty huge statements out of one of the most respected American business men, Warren Buffett. He claims the worst is over and there will not be a double dip recession. Pretty bold considering we still don’t know the affects of the Commercial Real Estate bubble bursting. But, hey, he knows more…Read More→
WE ARE STOPPING ANOTHER FORECLOSURE
We were contacted by a client last week. Another sad story of poor judgement and misguidance by a lender. OUR HOME IS GOING INTO FORECLOSURE! They have a second home out here in Scottsdale in the community of Winfield. Winfield is an upscale Tennis community located in North Scottsdale. Tina called and didn’t know what…Read More→
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