Posted on 10 December 2008. Tags: first time home, first time home buyers, gold rush, home buyer, home ownership, inflation, interest rates, nest egg, phoenix az, real estate prices, rents, scottsdale az real estate, time home buyers, time today, wexler, year fixed mortgage
I call Arizona’s last 10 years the real estate ‘gold rush’ …. Well, at least the years of Phoenix AZ real estate growth that came to an abrubt halt at the end of 2005; where for the first time home buyers thought of getting rich and making money on their own and a place to [...]
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Posted on 09 December 2008. Tags: advance lease, area real estate, breach, buyers and sellers, contracts, home buyers, lease contract, lease option contract, lease period, lease purchase contract, phoenix scottsdale area, real estate professionals
Phoenix and Scottsdale area lenders are tightening their lending practices. It is increasingly more and more difficult for home buyers to get loans. Now 100% loans, or ‘majority financing‘ is a very limited option, buyers and sellers have to be creative to get real estate transaction closed. There are 2 strategies that may work; The [...]
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Posted on 08 December 2008. Tags: buy vs rent, fixed mortgage, new mortgage, phoenix az, Scottsdale
As a Phoenix AZ real estate agent, we are conditioned that buying is renting. I understand that there are several questions to ask yourself: Bottom line; each person’s individual situation situation is unique.Ask yourself these 5 questions, …so you can decide if now is “Not” the right time to buy real estate. Will you be [...]
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Posted on 07 December 2008. Tags: fountain hills az, real estate, scottsdale az
I am a real estate broker with Coldwell Banker in Scottsdale AZ. There are a lot of great real estate brokers and real estate agents at many firms. One thing that impresses me with Coldwell Banker is their mission statement to clients, prospective clients and communities. I though it was important to share it [...]
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Posted on 06 December 2008. Tags: landlord, mortgage business, mortgage payment, phoenix az, Phoenix AZ real estate, real estate boom, real estate investor, real estate investors, recession, rental properties, scottsdale az real estate
Everyone knows that the Scottsdale AZ real estate market is suffering to find firm footing. However, unless you are in the real estate or mortgage business, you may not know why. There are economic indicators about consumer consumption, manufacturing, inflation, (to name a few) that mean a lot to analysts that paint a picture of [...]
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Posted on 05 December 2008. Tags: mortgage, phoenix az, real estate, scottsdale az, title insurance
I have been in the Phoenix AZ real estate market for quite some time. As a result of that experience I have been involved with many transactions. As a active buyer’s Realtor, I have stayed in touch with the mortgage financing side of the transaction with my clients and their mortgage broker. Further, I have [...]
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Posted on 04 December 2008. Tags: 3 years, affordable housing, AZ, case shiller index, fannie mae and freddie mac, freddie mac, free market economics, home buyer, large portion, liquidity, lows, mortgage applications, mortgage industry, mortgage rates, phoenix, recession, stock market woes, us treasury
We may not be here yet, BUT, we are much closer than you may think. In an effort to stabilize the steep and continued and what seems to be an accelerating decline in real estate prices, the US Treasury announced (yesterday) that is in talks with the now Government run entities Fannie Mae and Freddie [...]
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Posted on 03 December 2008. Tags: AAR, Arizona Association of Realtors, inspection period, michelle lind, phoenix az, real estate, realtor, scottsdale az
During the Phoenix AZ real estate boom of 2001-2005 that saw greater Phoenix AZ real estate prices soar more than 100% in most areas, buyers took advantage of the AZ Association of Realtors purchase contract that is designed to be fair, but buyer friendly. The reality of the contracts is that you can make an [...]
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