Real Estate Information Archive

July is here and with the usual heat and fireworks, the flags on display we will all remember this June as the best on Arizona record! not only did we have astonishing sales volume but the weather was awesome too! I like Elliott Pollack believe AZ is on the mend, we will be back on our feet within a year and wow what a ride it has been. Recored appreciation and record depreciation it is one for the history books for sure. 

Remember you home buyers out there who are waiting for the right time to buy, it's here! The federal tax credit expires in Dec but you have to be closed escrow by Nov 21st 09! Don't worry though our friends at the federal level are working on things daily to help us get back on course. Have a great fourth everyone!

Home hunting 101. Location, location, location right? In todays market you can afford to line up the shot. Check schools even if you have no kids, in a good sellers market or even a polarizing buyers market a home in the right school district will fetch a handsome price.

When considering buying a home, do ask the neighbors questions they are often the BEST source for information both good and bad. Drive the area at different times of the day just to see who and what comes out in the day and in the night.

Trust your instincts, they seldom ever lie, a good rule of thumb is if the deal seems too good to be true, then it probably is.

Take advantage of the $8000 tax credit NOW! To qualify you have to close escrow before NOV 22 09! If you are not closed and in the home by then it will be too late! Happy Summer 2009!

Happy Holidays or Happy Halloween? Like you most people are scared of the market and rightfully so. I for one am half glad that this market is the way it is, it has and will weed out all the crooked lenders, Realtors and title companies from the market place and thank God for that.

The sub-prime market only makes up 15% of the overall market and more than half of the foreclosures happened or that are happening are in that 15 percent. The ramifications of the idiot lending crisis are that over three trillion dollars in bad paper out there is due to adjust and the lending of new money has made home loans an un-appetizing dish for investors on wall street as they used to buy all the loans over 417K that the federal entity Fannie May will not buy. They are also charging 2 points or more to buy for the pleasure of your loan in this market because they can. In Congress right now is a bill to modernize FHA to be more competitive in the market place and it can and will straighten out  the majority of our problems. I hope you will want help and do your part by telling your Representatives in Washington that you support this modernization by going to http://realtoractioncenter.com/ and tell them how you feel! However we also need to keep our eyes on the ball ladies and gentlemen. The market is always changing, are you listening?