March sales of existing homes through the Arizona Regional Multiple Listing Service increased over last year by 18%. Some of this is attributable to the home buyer tax credit which requires a contract by the end of April. We have also seen a number of second home buyers from other states and Canada. Home...
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There have been several articles in the Arizona Republic lately regarding reports on the housing market. It looks like we will hit the price bottom for houses sometime this spring and may have already hit it for foreclosures. Here are a few quotes and some links to the articles. “Overall, the 20-city index (S&P/Case-Shiller...
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Are you wiring earnest money from Canada or anywhere outside the USA to open escrow on real estate? Add the international transfer fee and ask the bank if there’s any other fees to be added. For transfers from Canada, the fee we have seen is $10.00. Your banker may not tell you this and you’ll be...
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Google has added real estate data as an optional display for its maps. Just go to Google Maps and enter an address. Once you have brought up the address with the surrounding neighborhood, click on the “More” tab in the upper right corner of the map. A drop down menu will appear. Click on...
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The Phoenix housing market is starting to get a lot of media attention both in Phoenix and in other areas. Here are links to some recent articles that may be of interest to you. The AZ Republic is even reporting some price increases for homes in the area. Amid Housing Bust, Phoenix Begins a...
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We attended a class on the new Arizona Regional Multiple Listing Service (ARMLS) rules that will be in effect beginning May 1. Many of you will be glad to hear that one of the new requirements is that at least one exterior photo of the property must be included with each MLS listing. Agents have...
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I just published an article at ezarticles.com. Foreclosure Real Estate Purchase Contract – What to Expect
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It seems like people are always asking us to tell them what good deals are out there in the housing market. So, since October, we have been posting a “Deal of the Week” property on our websites. These are properties which are not our listings and are not short sales. They may be bank...
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Realty Times has an article which explains the Fannie Mae changes to rules for loans to investors purchasing a condo. Fannie Mae tries to control the percentage of units within condominium communities that are not owner occupied by restricting loans if the percentage of investor owned properties is too high. If you are considering...
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We have added a new feature to our websites – The Deal of the Week. There are a lot of opportunities for savvy buyers in the current Phoenix area resale market. Listed on this section of our websites are the properties we have picked out from the MLS each week to highlight. These are...
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