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Mary Maxie » Phoenix Real Estate

Tag Archive for Phoenix Real Estate

Mary’s Funny Real Estate Stories

Walked in to show a house, & every room was carpeted in bright screaming, Santa Claus, fire engine RED! Except for one room that was neon green! What were they thinking? Red is my favorite color, but this even hrt MY eyes!

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 at mary.maxie@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

Phoenix Real Estate Booming!

Phoenix home values to outpace the nation in 2012
Phoenix home values are forecasted to experience the largest national gains in 2012. Zillow’s report for the first quarter of 2012 predicts Phoenix home appreciation rising 6.5% between March 2012 and March 2013 – the largest growth amongst the 30 major metros included in the report. “In Phoenix, your February-to-March change is 1.4 percent, which is really quite extra ordinary,” said Stan Humphries, Zillow’s chief economist. Humphries explains that Phoenix has be experiencing “very fast monthly appreciation,” a pattern that has led to the Zillow to forecast this substantial increase in home values in the next year.
Read article – Phoenix Business Journal

Low-ball Offers a Thing of the Past?
According to a NAR survey this March of 4,500 agents and brokers, no REALTORS complained about low-ball offers. The main problem nowadays: The sudden drop in inventory of for-sale homes has led to fewer homes available to sell. For home buyers who still think they have a chance of hitting it lucky with a low-ball offer, they’re finding in many markets that their offers are more often being rejected or countered closer to the original asking price.
Read article – Realtor Magazine

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 at mary.maxie@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

Phoenix’s Crazy Real Estate Market

Phoenix’s Crazy Real Estate Market
If you don’t like the real estate market in Phoenix & the Valley of the Sun , just wait a minute, it’s sure to change. Here are a few observations, just in the last several weeks:

1. There are more and more listings coming on the market, but buyers are being shut out, unless they have cash in hand, & are ready to bid way higher than list price.
2. I’m getting lots of email flyers from realtors who are advertising that their listings are “pre-MLS” There is such great compeitition to buy almost anything on the market, that houses are being sold before they go on MLS, & are coming onto MLS as already under contract. One realtor tour last week touted that 6 out of 10 houses on tour were pre-MLS.
3. Since buyers don’t always have the luxury of thinking over their purchase before they make an offer, they may have the highest bid, but after thinking about it, they let it go, & it comes “Back On Market” in MLS. Investors who are bidding sight unseen, often figure out after they win the bid that they can’t rehab, and sell, and make a profit, so they let it go back on the market.
4. If the house was bid up above list price, which many are, and the buyer in first position backs out, then it comes back on the market at the bid that was highest over list price, so we see “Back On Market” at a higher price than a couple of weeks ago.
5. I am seeing more higher priced houses on the market these days. The over $300,000 houses stay on the market a bit longer, but ultimately they also go for more than listed prices.
6. Even in December 2011, you could still find houses for under $100,000 in the main areas of the valley. Now you are not seeing anything under $100,000 unless you are a long ways out.
7. There are not nearly as many bank owned/foreclosures coming onto the market as there were even a few months ago. Short sales are more common as banks try & mitigate their losses by allowing short sales instead of forcing foreclosure, even if the seller hasn’t paid mortgage payments for months.
8. Buyers expecting to get a bargain, are surprised to find escalating prices and bidding wars. Buyers who need mortgage approval & appraisals are getting shut out by investors.
9. Investors now make up around 50% of the buyers, & Foreign nationals, such as Canadians make up another 24%. There’s not much left for the ordinary person who just wants to buy one house.

If yu want up to date information on home buying in Arizona, Call or email mary@marymaxie.com for free info on the following:
*Register for frequent MLS updates on your new Arizona Home at mary.maxie@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

Arizona Short Sale Points to Ponder

Arizona Short Sale Points To Ponder

Have you ever thought about a short sale on your home? Are you underwater but still managing to make your payments every month? Or maybe you have no idea what to do do next, & have had to stop making mortgage payments?

I’d be happy to sit down and explain a few things to you, and help you make the life-changing decision you will eventually have to face if you can answer ‘yes’ to any of the above questions.

I can give you information on the newest plans for folks such as you from banks, government and real estate buyers and investors. The only thing that remains constant is change, and as your real estate professional, I spend many hours each week in contact with bankers, investors, and short sale lawyers, accountants and other advisors to keep up to the minute on what’s happening in the marketplace. It changes almost daily, wo what you thought last week, or read in last week’s media may not be valid this week or next week.

Let’s talk about the following:
1. Avoiding foreclosure & the future problems that foreclosure can cause
2. Find out about forgiveness of deficiency
3. In many cases, dings to your credit score can be avoided or minimized
4. Yes, you can begin to rebuild your real estate assets immediately
5. After a short sale, there are non-traditional financing options available
6. Cash for keys from the bank
7. Sooner is better than later to deal with underwater housing
8. Short sales usually bring a higher value than a foreclosure
9. Laws continue to change, very quickly and very often, so stay up to date

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 at mary.maxie@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

Internet Tips You can use from Phoenix AZ

Internet Tips You can Use from Phoenix, AZ
Bookmark To Return Later: The Internet is crammed with interesting articles and sites. Many times we don’t have time to read them all at once. Instapaper is a quick and easy solution. It adds a bookmarklet to your browser that you can click when you want to save a page. You can return to the Instapaper website later to read the articles. You can download the articles to print out, or load them to your e-book reader. There’s even an iPhone app!

http://www.instapaper.com/

Help With Planning A Home Remodel: Look at a free copy of Sweet Home 3D.This software makes it easy to remodel and decorate individual rooms or a whole house. The program comes with dozens of 3D furniture models, and you can download more online. You’ll get blueprint-style plans, and you can explore a 3D representation. Print out your plans for quick reference. Free http://www.sweethome3d.com/index.jsp

Easier Video Editing: For smaller projects, try the free Avidemux. It’s mainly used for cutting, filtering and encoding videos. It can open major video formats, including AVI, WMV and MPEG. You can save edited videos in even more formats. Avidemux includes various filters for adjusting color and contrast, and adding simple special effects. If you have programming knowledge, you can even create your own filters. Free http://avidemux.sourceforge.net/

Give and Take Business Relations: Most businesses thrive on relationships, both with customers and other business people. The aptly named site Favo.rs focuses on improving your relationships with the latter by trading favors. Favo.rs is an online marketplace where you can connect with contacts in your line of business. You can request and provide professional help. As you provide favors for others, you’ll be building your own reputation, which can net you business favors in return. Sign in with Facebook, Twitter or LinkedIn to see what it can do for your business. http://favo.rs/signup

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 at mary.maxie@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

Upbeat Findings for Arizona home market

Report: Upbeat findings for Arizona housing market
The median price of all home sales in metro Phoenix, including new homes, reached $120,500 in January. That compares with $113,166 a year earlier. The average price per square foot of Valley houses has climbed 3% since last year. There were approximately 8,000 new and used homes sold in January, up from 7,500 in January 2011. “Many people think there’s a glut of homes the banks are hiding somewhere, and that may be the case in other markets, but not here in the Phoenix area,” said analyst Mike Orr.
Read article – azcentral.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 at mary.maxie@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

Phoenix File: New Real Estate Updates for July 22/11

Phoenix File: New Real Estate Updates for July 22/11

All I ask is a chance to prove that money can’t make me happy. 

U.S. Tackles Housing – The Obama administration is ramping up talks on how to revive the housing market, which is weighing on the economic recovery—and possibly the president’s re-election in 2012.  Last year, advisers considered several housing-policy prescriptions but rejected them in favor of letting the market sort things out.  Housing “hasn’t bottomed out as quickly as we expected,” President Barack Obama said at a White House town hall last week. Mr. Obama said housing remained the “most stubborn” problem facing the country and conceded that a raft of federal mortgage-aid programs were “not enough, and so we’re going back to the drawing board.”  Read article:
http://online.wsj.com/article/SB10001424052702304584404576440033488980192.html?mod=WSJ_RealEstate_LeftTopNews

 

Single Women a Rising Force in the Housing Market – Single women continue to make up a growing segment of home buyers and are buying homes in record numbers.  Last year, they composed 20% of all buyers, while single men accounted for 12%.  Single women are purchasing homes at various stages in their lives — some are new college grads and plan to one day get married while others may be divorced or just want to set up roots in their own place.   Read article:
http://www.realtor.org/rmodaily.nsf/pages/News2011071302

 

Top Remodeling Projects - Remodeling Magazine’s latest Cost Versus Value Report revealed the top 10 remodeling projects in the last year.  Leading the way in cost versus value are exterior replacements, with garage doors and entry-doors at the head of the class.  According to the report, “Replacement projects have always performed better in resale value than other types of remodeling projects, partly because they are among the least expensive projects in our report, and partly because they are non-discretionary improvements that contribute to curb appeal, which is a strong subjective factor among home buyers.”  Read article:
http://realtytimes.com/rtpages/20110719_remod.htm

 

Realtors’ confidence levels shoot up, survey reports – Phoenix-area real estate agents are regaining confidence in the local housing market, according to the results of a survey released Thursday.  The Arizona Regional Multiple Listing Service conducts a monthly survey of active real-estate agents to gauge their confidence in the housing market.  In July, the index shot upward nearly 7 points.  Read article:
http://www.azcentral.com/business/realestate/articles/2011/07/21/20110721realtors-confidence-levels-shoot-up-survey-reports.html

 

Homebuyers Make Lifestyle Options Priority – The adage when it comes to real estate has been “location, location, location.”  A recent survey, though, shows that lifestyle options are a priority.  These include health and safety, access to cultural activities, and family-friendly neighborhoods.  Of course, location is still important, but today’s buyers are looking for a sense of belonging in a community as well as creating a desirable lifestyle with the home they buy.  Read article:
http://realtytimes.com/rtpages/20110722_lifestyle.htm