Joomla! site syndication http://www.teriellis.com Fri, 03 Jul 2009 21:14:26 +0100 FeedCreator 1.7.2 http://www.teriellis.com/images/M_images/joomla_rss.png http://www.teriellis.com Joomla! site syndication http://www.teriellis.com/phoenix-valley-and-mesa-homes--real-estate/welcome-to-phoenix-valley-real-estate.htm Phoenix, Arizona's Valley of the Sun Real Estate and Home Resources! Homes Arizona Real Estate, LLC Provides Complete Real Estate Resources and Searches for the Entire Phoenix Valley with links provided for Gated and Golf Communities! Take a Tour of Phoenix Valley Homes and Arizona! (http://www.realestateshows.com/124727) Real Estate and Homes for Sale - Phoenix Valley and Mesa Homes & Real Estate Sat, 12 Jun 2004 11:54:06 +0100 http://www.teriellis.com/phoenix-valley-homes-blog/phoenix-and-mesa-arizona-valley-buyers-and-sellers-appraisal-issues.htm The real estate market in the Phoenix, Arizona and Mesa, Arizona valley is going through more twists and turns as foreclosed homes come onto the market. Home Valuation Code of Conduct (https://www.efanniemae.com/sf/guides/ssg/relatedsellinginfo/appcode/pdf/hvcc.pdf) was placed into effect. No longer are the lenders allowed to speak with the appraisers – nor are they allowed to “choose” the appraisers that will be appraising a home “they” are lending on. Bottom line? It’s a mess! The left doesn’t know what the right is doing, homes are not appraising, and there are multiple bids on the most desirable homes. here (https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2009/0901.pdf) and here (https://www.efanniemae.com/sf/guides/ssg/relatedsellinginfo/appcode/pdf/hvccfaqs.pdf). Phoenix Valley Homes Blog - Phoenix Valley Homes Blog Mon, 01 Jun 2009 11:24:31 +0100 http://www.teriellis.com/phoenix-valley-homes-blog/market-stats-for-phoenix-arizona-valley-as-of-april-29-2009.htm It appears as though our Phoenix, Arizona market is adjusting. I’ve been keeping track since January 1, 2009 (and before), and posting updates regularly. If you will recall, in January, we were up to almost 60,000 active listings. Things are changing. As of today, May 3, 2009, we are at just above 39,000 active listings. Inventory stats of all listings in our MLS are as follows: March 19 Active: 48,837 Pending: 10,869 April 3 Active: 45,694 Pending: 11,896 April 10 Active: 44,348 Pending: 12,963 April 17 Active: 42,907 Pending: 13,403 April 29 Active: 40,437 Pending: 14,226 Listed below are the comparisons for the cities and for the zip codes indicated. Note that I am only including Single Family Residences and not townhomes, apartment homes, etc. CITY ACTIVE PENDING As of: April 29, 2009 City of Phoenix 6,889 3,791 City of Mesa 2,344 949 City of Gilbert 1,665 1,004 City of Gold Canyon 289 36 City of Apache Junction 335 118 City of Queen Creek Zip Code - 85242 518 315 Zip Code - 85243 322 264 Phoenix Valley Homes Blog - Phoenix Valley Homes Blog Sun, 03 May 2009 13:25:24 +0100 http://www.teriellis.com/phoenix-valley-homes-blog/home-buyer-tax-credit-confusing-is-it-7500-or-8000.htm I think we’ve all heard about two different numbers when it comes to housing tax credits. Many home buyers are confused as to how this works. The condensed version? The first housing credit is $7,500, and it has to be repaid; the second one is $8,000 and doesn’t have to be repaid. BIG SAVIRS.gov (http://www.irs.gov/newsroom/article/0,,id=204671,00.html). Here’s the story, in very simple terms: Both tax credits are for first time home buyers and only for primary residences: If you purchased a home after April 8, 2008, you may be entitled to a credit worth up to $7,500 which must be repaid over a period of 15 years. According to the IRS website, the second, and newer plan is for those first-time home buyers who purchase a home during the first eleven months of 2009. These buyers will be entitled to a maximum credit of $8,000 which can be claimed on a buyer’s 2008 federal tax return. Yes, I said 2008! So, during 2009, you have but to close on your first home prior to December 1, 2009 to be able to take advantage of this credit. Any questions? Be sure to check out the IRS link provided above as well as with your CPA. The IRS link provides indepth detail on how this first time home buyer credit works best for you. Call me at: 480.216-3334 or email me at: Teri@HomesAzRE.com for any help I can offer. Phoenix Valley Homes Blog - Phoenix Valley Homes Blog Tue, 10 Mar 2009 15:08:50 +0100 http://www.teriellis.com/phoenix-valley-homes-blog/buyers---so-you-think-you-want-to-purchase-a-short-sale-a-heads-up.htm Many buyers that ARE in the market to purchase a home have an unreasonable expectation of what homes cost. They hear all about the “deals” out there for $50,000 $60,000 and up, and are looking at those prices. And they want a four bedroom, pool, three car garage, etc. I’m even hearing such things as “that home is way overpriced!” Really? How does the buyer know that – unless he/she hears that from a friend, or watches the news, or reads the newspaper. How about “asking” the Realtor? EVEN if the property is overpriced, it won’t appraise! Typically, those low ball prices indicate a beginning price, or the property has major issues. Even up to $100,000 is a questionable number when purchasing a nice home – even in Arizona. Many are walking away from the short sales. One warning for all of those buyers considering of a short sale, and thinking what a great deal they will get. Yes, SOME may work, but the majority do NOT. For one example: What if you make an offer on a short sale, and the seller, as most do, has a second on the property? What if the second lender won’t acquiesce on the money owed to them? Then what? I’ll tell you what!! For months you wait – the first finally agrees on a dollar amount - but the second won’t budge. The deal falls through. Simple as that. Never mind that the second loses its entire dollar amount owed if the home is foreclosed upon. I was showing a home on Saturday, spoke with the listing agent, and after months of waiting, this exact scenario happened, and the buyers walked. Consider purchasing from a seller with whom you can negotiate, and who will make those repairs, and provide you with the disclosures and insurance information that is important. On Saturday, last, I showed several homes – one of which was listed by a seller! It was comparable in size and in price – and in STELLAR condition. Yes, this is a great time to buy a home, but do so wisely. Work with an experienced and knowledgeable Realtor who can advise and counsel you through the process. Phoenix Valley Homes Blog - Phoenix Valley Homes Blog Tue, 31 Mar 2009 15:10:17 +0100