Well the mid-winter urban market in Phoenix is hotter than ever. We are seeing large demand in the 150-400K range in downtown Phoenix, midtown Phoenix and the Biltmore area. Increasingly people are recognizing that these corridors offer allot of unique properties at very compelling prices especia
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02/23/2010
FHA has long been a great vehicle for first time home buyers to purchase property. Recent changes in legislation has made it easier and more difficult at the same time for people to qualify for FHA financing (leave it up to legislators to solve a problem and then create another). They've increase
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02/16/2010
This has been the topic of discussion lately with my good friend and business partner Will Daly. We have been working on a few new and exciting incentive programs for certain buyers who have unique needs and requirements. As we looked into auctions as an avenue for our buyers to purchase urban pr
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02/08/2010
With the amount of urban inquiries we get, Will and I are sometimes taken back by the lack of understanding most buyers have of this type of product. Most people are used to single family homes where "it is what it is". If it looks like and sounds like a duck then it's gotta be a duck right? Well
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01/19/2010
The past two years have been nothing short of 'interesting'. The middle of 2009 (June/July/August) saw a surge of buying in the 300K and below segment. This was perceived as deals since the overall price points started to come in line with commonly used rental equations. Thus the cash on cash ret
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01/12/2010
We get literally 50-75 inquiries a week in regards to urban real estate in the Phoenix area. Of these, many people do not take the time to understand their own needs/requirements, limitations and goals. We take allot of time upfront to better understand what is truly important and what fits your
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06/09/2009
We are starting to see challenges in the urban market that we haven't seen for sometime. The are several challenges arising but I would like to talk about one. Now before I continue let me say this is not true of all products types and areas. This is really project by project depending on when it
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06/09/2009
We get many inquiries a day from people locally and around the world asking about specific properties that they have seen on-line. This one dimensional view is very misleading since it assumes all things are equal when they are not. I always try to instruct potential buyers to spend time in a com
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05/26/2009
Many people looking for unique urban infill projects in Scottsdale like the kind you find downtown Phoenix and Tempe will be very impressed with SL 12. This project is a cool, modern 12 unit "U" shaped development just south of the Valley Ho and is only a couple blocks from the heart of Old Town.
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05/21/2009
Lately, Optima Camelview has seen the amount of product and pricing pressure accerlate. This is now attracting allot of buyers to the community. Always seen as the 'value' choice in Old Town (how $450 a foot is 'value' is beyond me), it's now becoming a smart move for first time home buyers, empt
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05/21/2009
