If you recently obtained a new mortgage or refinanced your existing one, there’s a pretty good chance that you got a terrific interest rate but were less than thrilled with the paperwork experience. This would be especially true if you were a…
Sales Climbing + Prices Rising + Inventory Sliding = Buyer and Seller Gulf Widening June Sales Report The Phoenix Metro communities continue a solid and progressive home sales trend that on the one hand places us in the enviable position nationally of…
July 1st MARKET REPORT – IN A WORD; BORING! The 8,721 closed listings in June were the highest since May of 2013. Overall market demand remains normal, but again, diminishing listings remain the story. Experts, including Michael Orr of ASU/Cromford report indicate…
ARE MILLENIALS MAKING THEIR MOVE? It was bound to happen and now it’s beginning. Millennial buyers are starting to move into the market in earnest. This is good news for our overall market for a number of reasons. But first, an expert’s…
When Highest Isn’t Best I’ve got this terrific income property (multi-residential) newly listed that includes four 2 BR Duplexes (8 units) in Phoenix with solid monthly income of $4800 and a Cap Rate of near 8%. The owner, unlike many landlords, has…
FIRST TIME HOMEBUYER LOAN HELP Or is this the “The Return of Fogamere?” This past week, Fannie Mae announced a new loan product which is designed to help first time homebuyers buy more home with less money. Does this ring a bell…
TIGHT FINANCING ADDS TO MARKET DRAG! You’ve seen the mortgage loan ads quoting a certain rate, such as 2.99% on a fixed rate mortgage, but your lender is quoting you 4.00% for that 30 year fixed rate loan. Is your lender gouging…
A Short Sale Miracle – The Rest of the Story or; The Story that keeps on Giving and Taking and Giving! Most residential deals are fairly predictable. Buyer sees home. Buyer falls in love with home. Buyer gets approved for a conventional…
Why Buyers should be getting more excited Well Mike, the real Real Estate guru, is out of town for the weekend and early part of this week, so it falls to his son (me) and squire of the trade to formulate the…
Flip or Flop?! A number of clients and friends have asked me over the years my opinion on house flipping. “Can I actually make money doing it?” they ask. The short answer is yes you can. However, the process is NOT for…