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...
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I am including live links
to several communities and cities in the Phoenix and Mesa Valley. This is a work
in progress, so if you want to see others, just let me know!
Homes Arizona provides real estate services in Phoenix, Arizona and surrounding areas including the communities of East Mesa ,North Mesa , Gilbert , Chandler , Ahwatukee, Apache Junction, Gold Canyon , Queen Creek , Tempe , and Adult Communities, Scottsdale, new home construction throughout Maricopa and Pinal County. My website offers you information on the Phoenix Valley schools as well as the ability to search all homes that are for sale in the Phoenix, Arizona area. These links only show you a sampling of the available homes.
The City of Mesa provides recycling for all sorts of items including: computers, televisions, PDA phones, audio-video equipment, printers, appliances and other electronics.
The City's first express drop-off recycling gathering was held on
Saturday, December 5, 2009 from 8:00 a.m. to noon at 2412 North Center
Street, Mesa. No charge for this service, but only Mesa residents are
eligible. This is to be an ongoing opportunity for us to recycle our old phones, etc. Just click on the link to find the most up to date information. As I learn more, I will also update this post.
I've provided a link to the recycling website!
Let's all clean out our garages and get rid of all of those phones,
cords, electronics, and make room for all of the new stuff we will be
purchasing or receiving as gifts.
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.
Unfortunately, many buyers are competing against cash buyers – and
losing. The old saying, “cash is king” is true in this competitive
real estate market.
Recently one of my buyers
made an offer on a foreclosed property. Over asking price, very clean,
and a desirable offer to any potential seller. However, the buyer lost
out to a cash buyer even though the cash buyer offered less. Even the REO agent wanted my buyer to get the home, but has no say!
Why? You ask? Would the bank
accept a lower offer? In our market, appraisals are all over the place.
As of May 1, in order to “fix” or “remedy” the problem, a new federal Home Valuation Code of Conduct
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.
Despite the issues we face, Realtors will continue to push through the
paperwork, the difficult appraisals, and we will write two, three, four
and more offers in order to get our buyers a home. Ridiculous? Yes!!
BUT, this, too, shall pass!
For more insight and understanding about what’s going on, click on the links here and here.
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.
If
you love to hike, you will LOVE Arizona. Right now, we are unusually
warm - in the mid to high 70's, but it's perfect for being outdoors.
For anyone that hikes or just wants to stroll along a trail, be sure to
be prepared. Bring plenty of water and a cell phone. Even when I take a stroll - because it certainly isn't a "hike" for me, I bring water, and I'm never alone.
When those that are unfamiliar with our climate, exit the airplaine
with shorts and t-shirts, (coming from the east) they're ready to rock
and roll and love our warm and sunny outdoors.
I'm providing a list of some of our hiking trails for those of you looking for a good trail.
5. Tempe Town Lake - Mill Avenue and Rio Salado, Tempe 85289; Phone: 480.350-8625
6. Papago Park - 625 North Galvin Parkway, Phoenix 85008; Phone: 602.256-3220
7. South Mountain Park - 10919 South Central Avenue, Phoenix 85042; Phone: 602.495-0222
8. Shaw Butte Park - 12898 North Central Avenue, Phoenix 85020; Phone: 602.262-6696
9. Thunderbird Park - 9170 East Thunderbird Road, Scottsdale 85260; Phone: 480.312-2771
These trails are very popular and well marked. There are others as
well. Just off of I-60 heading east from Mesa into Gold Canyon, there
is a nice and mild hill on the north side of the freeway. I see cars
parked there daily. Enjoy your hike, but again - take plenty of water,
wear good hiking shoes, and take a cell and a friend. ;-)
In Phoenix and Mesa, Arizona, many/most of the newer communities
have a Home Owner Association. That means, for those who don't know,
that there are "Covenants, Conditions and Restrictions" governing the
community. Buyers when you purchase a home in Phoenix or in Mesa, or in Phoenix Valley,
you will be given a copy of the By-Laws and CC&R's for your
community. Generally title will mail them to you within ten days of
opening escrow. It would behoove each buyer to actually review and/or
read the CC&R's to make sure they are aware of the rules and regulations set forth therein. I'll cite some "for instances" below:
1.
Say, for instance, you the buyer, purchase a home and move into a
family community. You have four children, and of course want to install a
trampoline (with a net for safety reasons) and a swing set with a fort
at the top and a slide, swing, etc. Have you read your CC&R's?
2.
Next, you want to utilize your RV gate, and park an RV trailer, or a
boat alongside your home, or even in the back if the lot is large
enough. Have you read your CC&R's?
3. How
about this one: You realize you need extra storage in your back yard,
so you build a storage shed (which is 6-10 inches above the wall).
Have you read your CC&R's?
4. Since your
children love to play basketball, you install a basketball hoop in the
backyard.....again, have you read your CC&R's.
5. You'd like to paint your home a different color....
I've
just cited a few problematic situations. You, the buyer, will quickly
learn what the rules of the HOA are when you attempt to do any of the
above without getting Board approval. Many times the Board will be able to approve certain requests based on the contents of the CC&Rs. Keep in mind that the Board did not structure the rules. They are merely serving on the Board to carry out the rules you agreed to
when you purchased your new home. As a former member of the Board of
Directors in my community, I was privy to all of the behind the scenes'
action. Most of the problems could have been resolved before ever being
presented to the Board if only the Buyer had read the CC&R's.
The
builders and their attorneys are the ones that typically put together
the CC&R's - and from what I've seen, they are pretty much boiler
plate.....
Learn to work within the boundaries of
the CC&R's, and offer to join the Board to help make your community
one in which everyone will want to live.
The City of Phoenix offers many services that are useful and necessary for its growth and its stability. Recently, Phoenix announced that it is implementing the Neighborhood Stabilization Program (NSP) which addresses abandoned and foreclosed houses within the areas of greatest need.
Expected
to become available from the U.S. Department of Housing and Urban
Development in Spring, 2009, NSP funds will be used in a variety of ways, including down payment or closing cost assistance for homebuyers to purchase foreclosed houses for use as their own residence.
Homeownership
presents new challenges and new opportunities in this economic climate,
but many families have positioned themselves to be successful in this
environment.
These
homeowners have been careful with their credit, have stable work, they
have savings accounts, and they view homeownership as a long-term
wealth-building strategy for their family. These potential home buyers
are well positioned to take advantage of the numerous housing choices
currently available, and NSP funds may be able to assist.
Neighborhood partners - you … or someone you know… may qualify for $15,000 in down payment and closing cost assistance to help buy an affordable foreclosed home anywhere in the City of Phoenix through the City’s Neighborhood Stabilization program (NSP) Home Buyer Assistance Program.
For more on what the City of Phoenix offers, be sure to check out the City’s link here. The City offers a plethora of services available to those who seek it out.