In this market there is lots of fear and uncertainty, the buyers are apprehensive, sellers are scared and don't get me started on the media. I feel it is of benefit to our clients to interpret the data that is available, to bring the true value them. I have taken a number of CRS classes in the pa...

05/19/2008

My new listing, charming little fixer upper, needs a little TLC but priced accordingly

4 Comments

Front View with custom paint features Rear View of the hoem with damage proof "windows" Current occupant, transient that brought his own bed sleeping in the kitchen of the home Front Door, No longer there and the board up has obviously failed This home is located in the downtown Phoenix ...

05/18/2008

Market update for Maricopa County AZ as of 5/18/2008

0 Comments

Market Snapshot as of 5/18/2008 (from ARMLS) Active listings in ARMLS 54,264 Active with contingency 1,444 Pending sales 7,300 Sales ...

05/18/2008

Streamline 203(k) Ineligible Work Items

6 Comments

Properties that require the following work items are not eligible for financing under the Streamline 203(k) Program: · New construction (including room additions); · Repairs requiring detailed drawings or architectural exhibits; · Any repair or improvement requiring a work schedule longer than si...

05/17/2008

Buying a home that has "challenges" using FHA Financing, Allowable Items

1 Comments

Streamline 203(k) Eligible Work ItemsUse of the Streamline 203(k) program is limited to properties with the following work category items: Repair/Replacement/Upgrade of existing HVAC systems Repair or replacement of roofs, guters and downspouts. Repair / Replacement/ upgrade of plumbing and elec...

05/17/2008

FHA Loans for homes with "Challenges", Streamline 203K Eligible Work Items

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05/17/2008

Rekeying a occupied home

17 Comments

Sunday last I received a panicked call from a friend of mine stating that her home had been rekeyed, it was slated for foreclosure 3 days later. There was personal items all over the home, it was obvious that someone was still there, There was no attempt to contact the owner (they still owned th...

05/12/2008

Offers offers offers

3 Comments

Over the past weeks I have seen it all Cash offers, 40-75 cents on the dollar asking price with nary a look at what the value of the home actually is. FHA and VA offers all over the place with seller contribution of up to 10% and no mention of the fact that there is no AC unit, appliances are mis...

05/12/2008