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Search for Homes and Real Estate in Arizona

The Final Piece of the Staging Puzzle

February 23, 2009

TA DAH! I finally put the complete staging package together for my vacant listings. I have everything including pictures, modern furniture, decorative knickknacks and even air fresheners, but there is one thing I am missing. Here is my latest flip project in Gilbert’s Power Ranch community – can you find out what I’m missing?

Anything? Well, [...]

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Canadians Attracted to Fireside at Norterra

February 21, 2009

With the deflated home values in the Phoenix Metro Area, a lot of Canadians have been flocking to the Valley to pick-up some good bargains. Most of the traffic I have seen is coming from the Canadian Province of Alberta with the major cities being Edmonton and Calgary. This is obviously due to the region’s [...]

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Active Homes on Phoenix MLS

February 17, 2009

This pie chart shows that 45% of homes for sale in the Phoenix Metro Area are distressed!

This does not factor in homes that are not put on the MLS and go into foreclosure. Therefore, the number of homes that are distressed in Phoenix Arizona is a lot higher than what I can quantify. FYI: Here [...]

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Data for Homes Selling in Phoenix Arizona

February 16, 2009

The chart below illustrates homes that have sold in the Phoenix Metro Area over the past 6 months. This graph depicts the relationship between the median price a home is listed for (per square foot) and what the home has sold for.

As you can see, bank owned homes have the best pricing per square foot [...]

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Passed Tax Credit for First Time Arizona Home Buyers

February 13, 2009

Refundable First-time Home Buyer Credit – Last year, Congress provided taxpayers with a refundable tax credit that was equivalent to an interest-free loan equal to 10 percent of the purchase of a home (up to $7,500) by first-time home buyers. The provision applies to homes purchased on or after April 9, 2008 and before July [...]

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Fannie Raises Limit on Arizona Investor and Second Home Borrowers

February 11, 2009

At the urging of NAR, Fannie Mae announced a new policy on February 6, 2009, to allow investors and second home buyers to own up to 10 financed properties. The new policy takes effect on March 1, 2009, and replaces the current 4-property limit. The restriction applies to the total number of financed properties, not [...]

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The Latest Queen Creek Flip Project

February 10, 2009

Here is a video tour of a completed flip project in the community of Johnson Ranch in Queen Creek. This project took only 4 days from acquisition to market. All the home needed was a fresh coat of paint, backyard landscaping, carpets cleaned and a little TLC. BTW: sorry for the ‘ad’ at the end [...]

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Value Engineering a Business Solution

February 9, 2009

Recently, I have been trying to run my real estate business a lot more efficiently and cost effective. As you may know, I have a flipping company that I manage under the LLC of Nuff Said Enterprises. On average, I buy and sell (flip) three homes a month and have three full time contractors that [...]

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Finished Phoenix Flip Home Project

February 7, 2009

This is my latest completed flip project. I actually put this on the market last week, however I’ve been a little backed up in getting a video tour of the finished product. Nonetheless, here it is:

I have the property listed at $249,950 and hope to make it move fast. Here is the rest of the [...]

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New Tax Credit For Arizona Home Buyers

February 6, 2009

*Warning* this could be HUGE!
The Senate has approved an amendment to the American Recovery and Reinvestment Act of 2009 to approve a tax credit of up to $15,000 for the purchase of a qualifying residence. This would provide a direct tax credit to any homebuyer who buys any home (new or resale). The amount of [...]

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