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Mary Maxie » Arizona Real Estate for Sale

Tag Archive for Arizona Real Estate for Sale

Phoenix Real Estate Facts

Real Estate Facts:
-81% of adults view home ownership as the best long term investment they can make
-Due to increased affordability, 25% of people under the age of 35 are planning buy their first home within the next few years
-Mortage interest rates are at the lowest level in 30 years
-One in 3 Americans own their homes free & clear
-91.2% of mortgages are current, & only 3.75% are in foreclosure
-Two-thirds of Americans say that now is the bet time to buy a home.
-The median home price is 3.4 time the median household income
-In 2010, 20% of home buyers were single women & 12% were single men
-In 2010, 36% of buyers were under the age of 35.
-2010 home ownership levels will be around 66.9%
-By age group, 39% of under 35 year olds own their own homes, 65% of those aged 35-44 own their homes, 73% of these aged 45-54 own their homes & 79% of those aged 55-64 own homes.

Free Stuff from Mary@marymaxie.com
FREE Pickup of books, paperbacks, videos, CDs, sheet music, for VNSA Charity Book Sale
FREE Tips on Home staging your house for better showings
FREE Tips for First Time Home Buyers
FREE Tips for First Time Home Sellers
FREE The 10 Things Most Often Cited on Home Inspections
FREE Info on 180 day rule for foreign home buyers
FREE Info on FIRPTA Rules for foreign investors
FREE Info on what Canadian buyers of Arizona Real Estate need to know.
FREE shopping, golf, sports, Arizona Living info
FREE info on Great Canadian Picnic, & Canada Cup Golf Tournament
FREE Market News from www.marymaxie.com
Maxiemize Lifestyle with PhoenixAreaCanadianRealtor
Mary Maxie, Associate Broker, Prudential Arizona Properties 602-738-6597
GREEN Master of Real Estate, GRI, CRS, ABR, CSSR, SFR, CRMS, CIPS

Short Sale Foolishness

Short Sale Foolishness
Picture this scene: you & I are both underwater on our houses. Our two banks are willing to short sale both houses for 40% less than what we owe. Banks will allow us to sell to each other (with some finagling & changing things around) & have to move into each other’s houses, but won’t let us stay in our own homes and give us 40% off. How foolish! If the bank would take 40% off plus lower the interest rate we’re paying to what they are offering new borrowers, we could afford to stay in our own houses & make the payments. Yet they make us move out & rent for a couple of years, before allowing us to take out another mortgage on another underwater house & make those sellers move. The whole thing is a mess.

Want to know more about the Phoenix Scottsdale home scene?
Interested in learning about short sales & how they affect your credit?
Call or email mary@marymaxie.com for free info on the following:
*Register for frequent MLS updates on your new Arizona Home at www.marymaxie.pruaz.com
*Disclosure issues affecting Phoenix Home buying
*Shopping, Golf, Sports, Critter Report, Arizona Living
*Maxiemize Lifestyle with PhoenixAreaCanadianRealtor 602-738-6597
Mary Maxie, Associate Broker, Prudential Arizona Properties
Frequent updates at my blog www.marymaxie.com

Greater Phoenix Real Estate: Cromford Report

Cromford-Report: Greater Phoenix – Single Family Detached

Market Headlines

* A big contrast exists between the market under $200,000 and the market above that figure

* Enthusiastic buying below $100,000 is causing significant price rises as inventory becomes tight.

* Above $200,000 the market continues to deteriorate slightly. 

* Above $400,000 there is potential for further price weakness unless demand improves.

* The overall average for sales pricing is now on an upward trend.

* REO inventory is falling fast, especially at the lower price levels.

Overview The demand for homes between $50,000 and $150,000 continues to be particularly strong as investors, many from out of state, seize the profitable opportunity of becoming landlords. Demand from owner occupiers remains relatively weak due to the difficult financing climate. The supply from foreclosures continues to fall very fast and short sales are becoming a more important part of the picture. Lenders are receiving far fewer homes into REO inventory as a larger percentage of the trustee sales result in a sale to a third party. The market below $200,000 is now highly supply constrained.

Homes over $400,000 are suffering from lower demand and the supply has started to creep back up. Demand for homes over $3,000,000 remains very weak especially compared with this spring.  

A clear and significant upward trend has developed in the price of homes below $200,000, particularly those sold by lenders. In contrast the pricing for homes over $400,000 is currently very stable but with the possibility of a bias to the downside. Because of the high sales volumes at the low end, price averages are very likely to push higher which may have a positive effect on sentiment. 

The period from the second half of August to the first half of September represents a low point which looks likely to be seen in hindsight as our second market bottom, the first having been April 2009.   

Foreclosures New notices of foreclosure continue to be filed at similar levels for the last two months, though more than 50% down from the levels of 2009. We now have fewer homes pending foreclosure than at any time since the middle of 2008. However, more of these are finding solutions other than the trustee sale and the completed foreclosure counts are now falling fast. 

 

Five Ways to Make People Happy

 

5 ways to make people happy

5 ways to make people happy

Happy customers make for referrals and repeat business. These days, people have plenty of reasons for being apprehensive & upset about the current state of the economy. Anything you can do to make a transacation easier or to solve their problems will make them remember you and use your services again, as well as refer you to their friends and relatives.

1. Be honest. Unfortunately, due to economic downturns, many people have been conditioned to expect an evasive or equivocal response from companies. If customers ask how your service differs from that of competitors, give an honest and straightforward answer. Never badmouth your competitors. It always gets back to them.

2. Let them talk. People enjoy talking about themselves. Your cusomters are no exception. Ask questions not just about their current goals, but about their family, profession & hobbies. Pay attention to how much of the time you talk compared with the time your customer talks. If you find that you’re talking too much, make an effort to ask more questions and listen. And try to remember what they have told you, or take notes.

3. Show you care. Thoughtful acts say a great deal about who you are. Record the names of customers’ children, pets, or birthdays & use the information when asking what their family is doing or to send a card. Email them a news article about their favorite band or send a recipe you think they’d like. Keep them on you email list after the sale to remind them you care after you get paid as well.

4. Be persistent (but not aggressive). Do you know whether your customers think your actions are aggressive? If they perceive you as being too pushy, they may back away from doing business with you. Rather than guess, simply ask them how often they want you to contact them & what time of the day they’d like’d like to reached. By asking them what their timetable is for a purchase, you can avoid contacting them before they are ready to buy.

5. Don’t break your word. If you tell customers that you’ll email them the next morning with more information, follow through. If you say that you’ll always return their calls within a hour, do it. People never forget a broken promise.

Remember the Golden Rule, which is never old-fashioned: Do for others as you would have them do for you.

Free Stuff from Mary@marymaxie.com

FREE Pickup of books, paperbacks, videos, CDs, sheet music, for VNSA Charity Book Sale

FREE Tips on Home staging your house for better showings

FREE Tips for First Time Home Buyers

FREE Tips for First Time Home Sellers

FREE The 10 Things Most Often Cited on Home Inspections

FREE Info on 180 day rule for foreign home buyers

FREE Info on FIRPTA Rules for foreign investors

FREE Info on what Canadian buyers of Arizona Real Estate need to know.

FREE shopping, golf, sports, Arizona Living info

FREE info on Great Canadian Picnic, & Canada Cup Golf Tournament

Maxiemize Lifestyle with PhoenixAreaCanadianRealtor

Mary Maxie, Associate Broker, Prudential Arizona Properties

GREEN Master of Real Estate, GRI, CRS, ABR, CSSR, SFR, CRMS, CIPS

 

Phoenix Real Estate News: Snoring Rooms

Phoenix Real Estate News: Snoring Rooms

New home designers are adding a new room to today’s houses. It’s called a Snoring Room or sometimes a double master suite, or sometimes a sick room. It’s primarily so couple can get a good night’s sleep if one of them is snoring, or if one is ill, or coughing, or simply if one is a lark and the other is an owl.

Larks and owls always somehow seem to find each other. Larks are up with the birds, fall asleep at 9pm, and owls are night people, who want to party or read or work till the wee small hours of the morning and then sleep till noon. The REM sleep for larks and owls is totally opposite. The deepest sleep for a lark is early in the night, usually righ after they fall asleep. The deepest sleep for an owl is closer to wakeup time for them. Larks seldom nap or sleep during the day, because it’s too light out. They are more apt to nap if they nap at all, while they watch TV in the evening.

Owls can sleep despite sunlight, and if they need to nap, don’t care if it’s light out.

Whatever the reason for snoring rooms, people tend to sleep better when their sleep is not disturbed by noise or sickness or different sleep cycles, yet couples who want to remain close in the night, don’t wan’t separate bedrooms. They solve that problem by adding a room that is part of the master suite. Either may utilize it, depending on their individual sircumstances. It could be utilized at times as a nursery, office, library or just a sitting room too.

Want to know more about the Phoenix Scottsdale home scene? Call or email mary@marymaxie.com for free info on the following:

*Register for frequent MLS updates on your new Arizona Home

*Disclosure issues affecting Phoenix Home buying

*Shopping, Golf, Sports, Critter Report,ArizonaLiving

*Maxiemize Lifestyle with PhoenixAreaCanadianRealtor 602-738-6597

Mary Maxie, Associate Broker, Prudential Arizona Properties

Frequent updates at my blog www.marymaxie.com

 

Phoenix Real Estate News: List with an internet professional

 
Don’t be afraid to list and sell your home. With the recent FED announcement of their plan to buy up to $1.2 trillion in Agency Mortgage Backed Securities, the interest rates have dropped and buyers have even more reason to buy a home. It is the time to sell if you want to relocate or move to a bigger or smaller home. Most people still are working, have money, and good credit to buy your home. Wake up and smell the coffee, it’s time to sell!

However, Sellers, you must really WANT to sell. I hear “I’ll sell if I get my price” hundreds of times. I have attended listing appointments where the freeway noise deafened, where the yard looked like Mother Nature had a bad hair day, where the fact that a homeowner ran out of paint and never matched the rest made Andy Warhol’s paintings look tame and were a litter box looked like Mt Everest.

Your price is determined by the market in YOUR area, location, curb appeal, cleanliness, maintenance, & staging of yard and home. Also smells, colors, pets, and the ability of agents to show your home when a buyer wants to view it all have an effect on price. And unfortunately, foreclosures and short sales have a detrimental effect on prices in the area. If you don’t allow a sign, flyers and a lockbox, you are missing major marketing tools. Also, choose a listing realtor who is internet savvy and can market your property effectively on a variety of websites. Nearly 80% of buyers now begin their search on the internet.

When you invite an agent to your home to talk about selling, they will show you different sets of facts & figures to come up with a market price, & then walk you through to consider your home’s interior & exterior, making recommendations to make your home more saleable, or ask you to lower your price. If you don’t believe an agent’s pricing, get an appraisal.

WHAT DO BUYERS LOOKING AT YOUR HOME ALREADY KNOW? When agents represent buyers, the buyers receive a market analysis of the homes they are interested in, plus they know all the other homes available, pending sales, recently sold homes in the area of your location. They know what your home is worth via all the information sources that buyer’s agents have. If the buyer is financing the purchase, the offer is subject to appraisal, so hoping to get thousands more for that built-in BBQ, boulder waterfall or custom faux paint will not work in 98% of cases. Also remember that a Buyer’s Agent is just that, they represent the buyer, (not you). Be nice to them, they’ll likely sell your house for you.

Free Stuff from Mary@marymaxie.com

FREE Pickup of books, paperbacks, videos, CDs, sheet music, for VNSA Charity Book Sale

FREE Tips on Home staging your house for better showings

FREE Tips for First Time Home Buyers

FREE Tips for First Time Home Sellers

FREE The 10 Things Most Often Cited on Home Inspections

FREE Info on 180 day rule for foreign home buyers

FREE Info on FIRPTA Rules for foreign investors

FREE Info on what Canadian buyers of Arizona Real Estate need to know.

FREE shopping, golf, sports, Arizona Living info

FREE info on Great Canadian Picnic, & Canada Cup Golf Tournament

FREE Market News from www.marymaxie.com

Maxiemize Lifestyle with PhoenixAreaCanadianRealtor

Mary Maxie, Associate Broker, Desert Dwellers Realty

GREEN Master of Real Estate, GRI, CRS, ABR, CSSR, SFR, CRMS, CIPS

 

Phoenix File: List your home with an internet professional

 

Phoenix File: List your home with an internet professional

 
Don’t be afraid to list and sell your home. The interest rates have dropped and buyers have even more reason to buy a home. It is the time to sell if you want to relocate or move to a bigger or smaller home. Many people still are working, have money, and good credit to buy your home. People are still wanting to move here becasue of the house prices, the weather, the amenities. The inventory of homes to sell is very low, and as long as your house is priced properly, it will sell. The houses which are not distressed, (that is, bank owned or short sales) always sell first, but the price has to compete with the distressed sales in your neighborhood.

However, Sellers, you must really WANT to sell. I hear “I’ll sell if I get my price” hundreds of times. I have attended listing appointments where the freeway noise deafened, where the yard looked like Mother Nature had a bad hair day, where the fact that a homeowner ran out of paint and never matched the rest made Andy Warhol’s paintings look tame and were a litter box looked like Mt Everest.

Your price is determined by the market in YOUR area, location, curb appeal, cleanliness, maintenance, & staging of yard and home. Also smells, colors, pets, and the ability of agents to show your home when a buyer wants to view it all have an effect on price. And unfortunately, foreclosures and short sales have a detrimental effect on prices in the area. If you don’t allow a sign, flyers and a lockbox, you are missing major marketing tools. Also, choose a listing realtor who is internet savvy and can market your property effectively on a variety of websites. Nearly 80% of buyers now begin their search on the internet.

When you invite an agent to your home to talk about selling, they will show you different sets of facts & figures to come up with a market price, & then walk you through to consider your home’s interior & exterior, making recommendations to make your home more saleable, or ask you to lower your price. If you don’t believe an agent’s pricing, get an appraisal.

WHAT DO BUYERS LOOKING AT YOUR HOME ALREADY KNOW?When agents represent buyers, the buyers receive a market analysis of the homes they are interested in, plus they know all the other homes available, pending sales, recently sold homes in the area of your location. They know what your home is worth via all the information sources that buyer’s agents have. If the buyer is financing the purchase, the offer is subject to appraisal, so hoping to get thousands more for that built-in BBQ, boulder waterfall or custom faux paint will not work in 98% of cases. Also remember that a Buyer’s Agent is just that, they represent the buyer, (not you). Be nice to them, they’ll likely sell your house for you.

 

Want to know more about the Phoenix Scottsdale home scene? Call or email mary@marymaxie.com for free info on the following:

*Register for frequent MLS updates on your new Arizona Home

*Disclosure issues affecting Phoenix Home buying

*Shopping, Golf, Sports, Critter Report,ArizonaLiving

*Maxiemize Lifestyle with PhoenixAreaCanadianRealtor 602-738-6597

Mary Maxie, Associate Broker, Desert Dwellers Realty

Frequent updates at my blog www.marymaxie.com

Phoenix Home Sales: Staging works to sell your house

Phoenix Home Sales: Home Staging Works to Sell Your House

 
Home Staging– Great Idea for Selling Your Home
There is a trend in selling homes, called “Home Staging.” What this involves is getting your home ready for prospective buyers by “setting the stage” for viewing. Mary Maxie is an Accredited Home Stager, and will helpyou get your home ready for buyers.

Home stagers may or may not be interior designers or interior RE-designers. They may or may not bring in their own furniture, artwork and accessories, depending on what’s needed in the home. They will re-position furniture, art and accessories, get rid of clutter, arrange everything to maximize the look of spaciousness and light, so that your house looks so good, you may not want to leave!

Home stagers will tell you to remove anything precious, so it won’t be damaged by prospective buyers. They will advise you to remove all family photos. The theory is that if the buyer sees your family in the spaces, he or she won’t be able to visualize their own family in the spaces. They will likely tell you to remove about 25-30% of all furniture in your home, to create the feeling of lots of space in the home. They will tell you how to ready the home for visitors when the realtor calls to say they are on their way. For instance, ensuring all lights are on, cooking odors are absent, etc.

Your home stager is likely your realtor. And it certainly will be if you call me to list your home. I have experience in interior design of model homes, and staging of re-sale homes as well. I will give you a room by room list of the changes needed before the home is listed on MLS. I will tell you if you need paint, cleaning, or any kind of improvement which will help your home sell faster.

I also recommend a pre-listing home inspection. This will pinpoint any problems that a buyer’s home inspector may find, and allow you to make corrections before the deal goes sideways. It also shows prospects that you have confidence in the quality and condition of your home, so they may have the same confidence as a buyer.

Often, as realtors look at comparable listings in an area, there is very little difference in the homes they show their clients. You need to have an edge over the competing homes for sale, and get the buyer to choose your home. That’s where the home stager, and I, as your realtor, come in. If you want more information on home staging, talk to me first about listing your home, when you are ready.

 
 Want to know more about the Phoenix Scottsdale home scene? Call or email mary@marymaxie.com for free info on the following:

*Register for frequent MLS updates on your new Arizona Home

*Disclosure issues affecting Phoenix Home buying

*Shopping, Golf, Sports, Critter Report,ArizonaLiving

*Maxiemize Lifestyle with PhoenixAreaCanadianRealtor 602-738-6597

Mary Maxie, Associate Broker, Desert Dwellers Realty

Frequent updates at my blog www.marymaxie.com

Phoenix Real Estate News: Being a Realtor is not an easy job

Phoenix Real Estate News: Being a Realtor is not an easy job

 
It’s not as easy as you think!

This profession of “Realtor” isn’t as easy as just taking a three or six week course at a realtor school, and getting some business cards printed.
We have to take all kinds of courses on everything from finance to contracts, to fair housing. We have to update our education regularly. All these courses, our computer access to MLS, forms, our yearly dues etc. cost a great deal of money and time.
If we want to be take seriously, we have to seek designations such as GRI, (Graduate of the Real Estate Institute– a North American designation which is a graduate level degree in real estate) and ABR (Accredited Buyer Representative,) In these tough times in real estate, I am a Certified Short Sale Negotiator (CSSN), and a Short Sale/Foreclosure Resource (SFR).
I am also a Certified Real Estate Specialist (CRS), and carry the GREEN designation, for realtors who have completed a lengthy course in environmentally responsible real estate. I am a certified negotiator, and a Certified International Property Specialist, an Accredited Home Stager, and am a member of Arizona’s prestigious Master Of Real Estate society, indicating hundreds of hours of education and transactions in my portfolio of credentials. In addition, I’m a Certified Risk Management Specialist (CRMS) to help you have a worry free real estate transaction.

We have to keep on top of banks all over the country to negotiate sales on houses that may have been damaged or trashed by disgruntled sellers & may be called on to repair those houses at our own expense until the house sells, when we may be reimbursed by a bank often months later.
And to top it off, we now have to watch out for dangers such as thieves who use the date rape drug on realtors holding open houses, so they can rob the house, and finding out about Meth labs which are set up in houses to manufacture drugs for sale. Meth is very harmful, even in small doses, and if we walk on a rug in a house where the fumes have permeated, we can then spread it to other houses, even our own, on our shoes. If a small child plays on that rug, cases of mental impairment could result.
So, being a real Estate Broker these days is not just a couple of weeks in a classroom and some new business cards. Look for a realtor who is committed and has years of experience and education, like Mary Maxie, not your relative who just took the course or the first person you see at an open house.
I love my work, and I am in it for the long haul. I have seen ups and downs and I will be here for all the ups and downs in the future too.

Free Stuff from Mary@marymaxie.com

FREE Pickup of books, paperbacks, videos, CDs, sheet music, for VNSA Charity Book Sale

FREE Tips on Home staging your house for better showings

FREE Tips for First Time Home Buyers

FREE Tips for First Time Home Sellers

FREE The 10 Things Most Often Cited on Home Inspections

FREE Info on 180 day rule for foreign home buyers

FREE Info on FIRPTA Rules for foreign investors

FREE Info on what Canadian buyers of Arizona Real Estate need to know.

FREE shopping, golf, sports, Arizona Living info

FREE info on Great Canadian Picnic, & Canada Cup Golf Tournament

FREE Market News from www.marymaxie.com

Maxiemize Lifestyle with PhoenixAreaCanadianRealtor

Mary Maxie, Associate Broker, Desert Dwellers Realty

GREEN Master of Real Estate, GRI, CRS, ABR, CSSR, SFR, CRMS, CIPS

Phoenix File: Canadians buying real estate in USA

 Phoenix File: Canadians buying real estate in USA

Foreigners Bought $82 Billion of US Real Estate
The Epoch Times
Canadians led the way with a dominant 23 percent of all foreign sales going Texas, and Arizona—accounting for 58 percent of foreign purchases between them. 

Oh, boy! More shopping in the Valley of the Sun! Casa Grande ‘world trade center’ complex set to open soon – A massive wholesale shopping complex is expected to open soon in Pinal County, bringing with it at least 300 foreign investors and their families looking to make a home in America.  To stay, they have to help boost the local economy.  The 1.5 million-square-foot business center, to be called Phoenix Mart, has an estimated cost is $150 million.  The complex will be a one-stop shop for businesses seeking supplies or products to sell, according to the developer, Scottsdale-based AZ Sourcing LLC.  Read article:
http://www.azcentral.com/community/pinal/articles/2011/08/05/20110805casa-grande-phoenix-mart-0805.html

 

Want to know more about the Phoenix Scottsdale home scene? Call or email mary@marymaxie.com for free info on the following:

*Register for frequent MLS updates on your new Arizona Home

*Disclosure issues affecting Phoenix Home buying

*Shopping, Golf, Sports, Critter Report,ArizonaLiving

*Maxiemize Lifestyle with PhoenixAreaCanadianRealtor 602-738-6597

Mary Maxie, Associate Broker, Desert Dwellers Realty

Frequent updates at my blog www.marymaxie.com

Phoenix real estate news

Phoenix real estate news: Blue Jeans go Green in my attic?

 
Blue Jeans in my Attic?
Warm up to cotton. Old blue jeans are finding new life as home insulation material. Bonded Logic of Chandler AZ manufactures UltraTouch Natural Cotton Fiber insulation, which is made from 85% recycled denim & cotton fibers. Contains no VOCs or formaldehyde, doesn’t irritate skin. Very healthy too. Mold/fire resistant. Receives maximum insulation performance rating, sold at retailers nationwide for 50 cents to $1.50/sq ft For more info www.bondedlogic.com

Maxiemize Energy Efficiency
mary@marymaxie.com

 Want to know more about the Phoenix Scottsdale home scene? Call or email mary@marymaxie.com for free info on the following:

*Register for frequent MLS updates on your new Arizona Home

*Disclosure issues affecting Phoenix Home buying

*Shopping, Golf, Sports, Critter Report,ArizonaLiving

*Maxiemize Lifestyle with PhoenixAreaCanadianRealtor 602-738-6597

Mary Maxie, Associate Broker, Desert Dwellers Realty

Scottsdale Scene: bugs, bugs, everywhere

Bugs, bugs everywhere– how not to sell a house in Arizona:
Mary’s funny Real Estate Stories: 3 houses, same subdivision, full of crawling bugs. My bug expert said they were either flying ants, or termites. In either case, couldn’t wait to get out. Funny part was when listing agent called to get feedback on the houses, WOULD NOT believe HER houses had bugs! Told me I must be mistaken, or that I didn’t have the right address of HER listings. I suggested that if she checked her listings once a week, she might see the bugs herself.
Same subdivision also had 2 houses, which were being treated for Africanized or Killer Bees! Would you want to show a house where the MLS listing said there were Killer Bees present? Neither would I. My bug expert says that 65% of bees they treat in Arizona nowadays are Africanized Killer Bee hybrids, as the original Killer bees have now mated with the regular bees.
The swarms love all the abandoned or bank owned houses, where they can live unmolested for months. They get inside the walls of houses, and you have to tear the drywall off, and sometimes the outside siding or stucco to get at the hives & honeycombs. Some banks just send in someone to smoke bomb the bees, which kills them, but leaves the hives/homeycombs intact. Other bees can smell the honey from up to 4 miles away, and new bees will just head on over and take over the hives/homeycombs left behind. To truly get rid of them you have to get rid of all traces of the hives.
And it’s cricket season here in Arizona. Mostly crickets are harmless. They don’t bite, birds like them for food, and a monthly spray of the house & yard keeps them down. But they do eat holes in clothing, just like moths. And if you’ve ever tried to get to sleep when one of them is ‘singing’ in your bedroom, they are very annoying!
We get lots of other kinds of bugs, but these are the ones I ran into this week!
Maxiemize Lifestyle in Arizona, but Minimize Bugs!
www.marymaxie.com

Mary’s Funny Real Estate Stories from AZ

Mary’s Funny Real Estate Stories:
I heard this from an appraiser called to evaluate a home for estate purposes. A brother & sister were at odd over the estate & she tried to have the brother whacked. She paid a homeless person $10,000 cash and showed him where to put the body. The homeless guy went to the brother and told him, “Your sister really hates you!”. He gave the money to the brother and left. The brother wants him for a witness to prosecute the sister but they can’t find him now.

Canadians: Want to know more about buying a home in Arizona? Call or email mary@marymaxie.com for free info on the following:
*Register for frequent MLS updates on your new Arizona Home
*180 day rule for foreign nationals
*FIRPTA tax rules for selling your home in the USA
*Difference between using Escrow and a lawyer for conveyancing
*Disclosure issues
*Shopping, Golf, Sports, Critter Report, Arizona Living
*Market News from www.ArizonasRealEstate.com
*Maxiemize Lifestyle with PhoenixAreaCanadianRealtor 602-738-6597 begin_of_the_skype_highlighting              602-738-6597      end_of_the_skype_highlighting
*Mary Maxie, Associate Broker, Desert Dwellers Realty mary@marymaxie.com
GREEN Master of Real Estate, GRI, CRS, ABR, CSSR, SFR, CRMS, CIPS

Phoenix File: Banks giving away houses?

Banks giving away homes?

There are homes that for several reasons may not be saleable. The reasons may include too many repairs necessary, neighborhood problems, death or other crime on the property, no return to be made in relation to what is owed, etc.

Whatever the reason, several banks are prepared to give certain houses at no cost, to non-profit groups like Habitat for Humanity. These groups rely on volunteer labor, gifted materials, second hand materials, etc, plus the labor of a family who wants to live in the house, but can’t afford to buy it or fix it up. Once the fixup is complete, the total cost of rehabbing is much lower, because there are no labor costs involved. The buyers move in, take care of the place, remove a former blight on the neighborhood, & they have a monthly payment that is much lower than renting in most cases.

Is this a good thing? I’m not sure. For the reasons above, it’s likely a good thing. However, the lowered value of the house because of the same reasons above, lower the comparables in the vicinity. We have to hope that this lower value is offset by someone living in the house, becoming part of the community, & paying taxes. I suggest that anything is better than having an eyesore on the block.

I showed a lovely house recently which my buyers loved, but the house next door had three foot weeds, boarded over windows, a large hole in the roof, & discarded junk & car bodies in the yard. Wouldn’t it have been better to have the house fixed up, looked after, & occupied rather than bringing down the values as it was?

Canadians: Want to know more about buying a home in Arizona? Call or email mary@marymaxie.com for free info on the following:
*Register for frequent MLS updates on your new Arizona Home
*180 day rule for foreign nationals
*FIRPTA tax rules for selling your home in the USA
*Difference between using Escrow and a lawyer for conveyancing
*Disclosure issues
*Shopping, Golf, Sports, Critter Report, Arizona Living
*Market News from www.ArizonasRealEstate.com
*Maxiemize Lifestyle with PhoenixAreaCanadianRealtor 602-738-6597 begin_of_the_skype_highlighting              602-738-6597      end_of_the_skype_highlighting
*Mary Maxie, Associate Broker, Desert Dwellers Realty mary@marymaxie.com
GREEN Master of Real Estate, GRI, CRS, ABR, CSSR, SFR, CRMS, CIPS

Phoenix file: Measure a house before you buy

Make sure you measure a house before buying

In many areas, the realtor is responsible for correctly measuring the square footage of a house they list, & if the measurements are off, the buyer can demand recompense from the realtor. In other areas, an independent laser measurement of a house is required before sale.

In Arizona, the buyer is responsible for verifying measurements, & often the square footage shown in the tax records or the MLS is not correct.

As an example, a house we owned was correctly measured by the appraiser when we bought it, as 1450 sq ft. We sold it because it couldn’t be added onto, & we needed a bigger house. I noticed in the MLS a couple of years later that the seller was showing it as 1700 sq ft. We knew it hadn’t been added onto, because the lot & pool prevented adding on, unless a second storey was added, which obviously hadn’t been done. The tax records still said 1450 sq ft.

The reason it makes a difference, is that the sq ft price is often used in AZ as a comparable. In the case of bank owned houses, it is usually the only comparison allowed. (Banks tend to exclude pools, garages, improvements such as granite, hardwood, travertine, high end lighting, plumbing etc from their comparables).

Therefore, a higher sq footage in MLS leads to a lower price per sq ft value, which skews the neighborhood values. Likewise, lower sq footage in MLS leads to a higher price per sq foot value.

People fill in garages & patios to get more sq feet in their homes, but then there is no garage or carport, so the sq footage added is offset by not having a place to park.

So an accurate sq footage is needed to acurately decide on the house value.

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