New Real Estate: Move in Now! 

As I have indicated from a previous article, the inventory throughout the valley has never been so low until now. Yet, there are multiple offers on many of these resale homes. Have you lost patience in finding out if your offer on a resale property has been accepted or not? It’s time to put your mind at ease.

There are many new homes available valleywide, and they are awaiting for you to move in! Many home builders have special offers if you buy, including Lennar Homes. They have many models including the NEXT GEN series to choose from at Stetson Valley in North Phoenix, Lone Mountain near Cave Creek, and others communities that suit your price range. Plus, special offers in May!

May’s offer by Lennar Homes:

Lennar Homes will offer a quick close incentive where they will pay 6% in closing costs and 3% off the sales price in a home!

For details and to schedule a showing, call Jim Plummer at 480-788-9212.

The numbers continue to fall, inventory that is, the real estate inventory has never been so low. Typically, that means when inventory is low, there would be a higher demand in housing, leading to significant price increase, correct? For those including myself who took Economics in college would know that, that’s is standard. Low on supply, high on demand leading to higher prices.

Here in the Phoenix valley metro, it’s not necessarily the case. The last several years, the real estate market took a horrific twist affecting buyers, lenders, and real estate agents with short sales. Right now, many potential home buyers searching for a home, have remained ineligible due to the short sales they endured in the past year or two. Plus,  those who fell into a Foreclosure, Deed-in-Lieu, or Bankruptcy, they too will have a wait for at least 3 years to regain homeownership if they are looking to get another mortgage.  Ouch!!! As of today, most of the home buyers are in luck, those cash buyers.

Approximate Inventory from April 2011 to Today in key communities:

Scottsdale Real Estate:

April 2011: Approximately 7,000 actives - Cromford Report

Today’s Date: 2,055 active listings - Arizona Regional Multiple Listing Service (ARMLS)

Phoenix Real Estate:     

April 2011: Approximately 2,500 actives - Cromford Report

Today’s Date:  2,158 active listings - Arizona Regional Multiple Listing Service (ARMLS)

Fountain Hills Real Estate:     

April 2011: Approximately 320 actives - Cromford Report

Today’s Date: 250 active listings - Arizona Regional Multiple Listing Service (ARMLS)

Paradise Valley Real Estate:     

April 2011: Approximately 475 actives - Cromford Report

Today’s Date: 294 active listings - Arizona Regional Multiple Listing Service (ARMLS)

These numbers do not include most newly built spec homes. Due to the amount of short sales, foreclosures, etc, it does not appear the average home seller is looking to sell their home as a normal sale, and the eligibility procedures for mortgages set forth on those who fell into financial hardship in recent years, homeowners are reluctant to place their homes on the market.

If you are looking to place your on the market or looking to buy, my team and I will strive to assist you of overcoming the loopholes of buying and selling real estate. If you are in an unfortunate situation and need to short sale your home, my team and I will put you at ease through the short sale process and will be glad to work you and the banks to list your home. I am your agent for all your real estate needs.

Scottsdale Real Estate Homes and Condominiums For Sale:

Phoenix Desert Ridge Real Estate Homes and Condominiums For Sale:

Fountain Hills Real Estate Homes and Condominiums For Sale:

Paradise Valley Real Estate Homes and Condominiums For Sale:

There comes a time when people in many different communities all over the world scramble about what to do on many given evenings. Here in Scottsdale, we have many options to choose from. Scottsdale is the entertainment mecca throughout the valley, especially when visitors come to town.

There is plenty of entertainment, including the 6^th Annual Music on The Promenade!  From April 27^th to June 1^st  at 7:00 – 9:00, live concerts will be held every Friday evening at the amphitheater area south of Maggiano’s and The Capital Grille, on the southeast corner of Scottsdale Road and Frank Lloyd Wright Boulevard. You will enjoy live music ranging from jazz, latin, R&B, and more!

Best of all, admission is free and their sponsors will benefit the Cystic Fibrosis Foundation, and I’m sure additional donations are accepted from the general public. Check out this line up of musicians who will perform this year at The Promenade.

April 27^th: Khani Cole

May 4^th:  Raul Yanez and the Chicago Power Revival

May 11^th: Jodi Light & Shining Star

May 18: Urban Strings

May 25: Mosiaco Flamenco

June 1: Dennis Rowland

Plenty of live entertainment is around the corner in North Scottsdale. Have fun if you go and as always, call me for your real estate needs!

Scottsdale Real Estate Condominiums For Sale in the vicinity of The Prominade:

Throughout the valley including Scottsdale, Paradise Valley and Fountain Hills, many properties are in transformation for new development. Some new subdivisions are currently forming. Some homes in those communities are in the planning stages for demolition due to the end of it’s economic life meeting today’s standards of living.

How exciting can it be to purchase real property as a tear down or vacant so you can build the custom home of your dreams? As we look into different properties there are several steps to look into first before

• Location
• Views
• Public Services
• Available Utilities

Once you expressed interest in the property, you determine the type, style of home you want to build. There are so many Arizona residential architects to choose from including Christy & Company Architecture, Sever Design Group Architects, Brissette Architects and many others. These architects can make the determination the style of home that’s right for you in the particular property you are looking to purchase.

There are so many factors that will come. Is the property physically possible? Is the property legally permissible? Some subdivisions will have their own restrictions and these licensed architects can assist you in building your dream home. They are trained to solve problem and create solutions. They can communicate, along with having the experience, knowledge, and are cost effective. For your property, they strive to make your projects environmentally friendly.

I will guide you through the process of finding the perfect land for your dream home and these architects will take care of the rest. There are many vacant real estate available in Scottsdale, Paradise Valley and Fountain Hills. Just look below and contact me for tours of these properties:

Scottsdale Vacant Land for Luxury Real Estate For Sale:

Paradise Valley Vacant Land for Luxury Real Estate For Sale:

Fountain Hills Vacant Land for Luxury Real Estate For Sale:

If you are looking to sell or buy a home, should you get a home inspection? By all means and for all the right reasons, the answer is “yes”.  Getting a home inspection is very critical through the selling and buying process. Let alone, any transaction between owners must have a home inspection.

Rest assure, just because the home looks right, doesn’t mean there’s nothing wrong with the home. For Example: In October 2010, homes throughout the Phoenix Valley Metro endured one of the nastiest hail storms in the history of the area. This rare hail storm may have caused hidden damage under the roof that caused leakage or mold inside. That could lead to a chain problems if one problem is not corrected even years later.

The purpose of the getting your home inspected is for the inspector to safely gain access and inspect the interior and exterior structures of the home including the roof. The electrical, heating, cooling and plumbing systems are also inspected for any possible physical and functional deterioration that would affect the livability of the home.  Plus, many other components that would be inspected to be sure your home is ready to sell or is move-in-ready.

As I had a conversation with my recommended inspector, there are inspectors who may miss something that is considered a small thing. No inspector is perfect in the process, but their job to be competent in the inspection process. If you are looking for a home inspection, click on Bob Vaught and contact him for more information. He’s an inspector you can trust.

As I offer you my trust of the encouragement of getting a home inspected, I would like to offer my trust to you through the selling or buying process in real estate, and to get that home inspected. I will be glad to serve your real estate needs!

As your real estate agent,  my partners in the title industry and I strive to do our jobs to protect you over any defects in title from the past. Obtaining title insurance will provide you the coverage for certain losses due to defects in the title that occurred prior to the buyer’s ownership. Title insurance protects any defects that the title may have including potential fraud or forgery that may go undetected until after closing and possibly jeopardize your new investment and ownership.  The seller can give those rights that previously have been received with “good title”.

What the title insurance does, it assures new buyers that are obtaining marketable title from the seller at the time of escrow. This type of insurance is used to eliminate risk or loss caused by past defects in the title. Plus, it protects the interest of the mortgage lender as well as the equity of the buyer for as long as they or their heirs have any interest in the property.

To learn more, one of my title insurance representatives will answer any questions you may have, and you and I work together to find you real estate here in Scottsdale and the Phoenix Valley Metro.

Old Town Scottsdale is a great place to call home for downtown living. You have all the shopping, restaurants, art galleries, parks, and perhaps employment, you don’t even have to have a car to get there. That’s a great thing  considering  the high gas prices these days to fill up the tank, as it keeps getting worse.

As you know, there’s not a better time to take advantage of  leaving your car parked in the garage and enjoy downtown living in a luxurious way, deep in the heart of Old Town Scottsdale! If you looking for that opportunity, now’s the time to do so. The Sage Condominiums and penthouse residences are awaiting for you and they are brand new! These Santa Barbara/Tuscan style condos are very spacious and provide private terraces on the ground level and balconies up above. They have 6 different home layouts throughout.

Take advantage of this opportunity and obtain your dream condo, penthouse or townhome today. Once they’re gone, they’re gone. There are only 9 units left at The Sage and they include the following:

Condominiums:

• Unit 1002 (First Floor) 1598 Square Feet with 2 Bedrooms, 2 Baths  - $411,000
• Unit 2002 (Second Floor) 1598 Square Feet with 2 Bedroom, 2 Baths – $449,000
• Unit 3001 (Third Floor) 1598 Square Feet with 2 Bedrooms, 2 Baths – $505,000
• Unit 3009 (Third Floor) 1598 Square Feet with 2 Bedrooms, 2 Baths – $500,000
• Unit 1009 (First Floor) 1775 Square Feet with 3 Bedrooms, 2 Baths – $429,000

Penthouse:

•  Unit 3006 (East) 2760 Square Feet with 2 Bedrooms, 2.5 Baths, Den – $899,000

Townhomes:

•  Townhome 1: 1002 – (North) 1819 Square Feet with 3 Bedrooms, 2.5 Baths  - $459,000
•  Townhome 1: 1002 – (South) 1819 Square Feet with 3 Bedrooms, 2.5 Baths – $499,000
•  Townhome 3: 1006 – (North) 2158 Square Feet with 3 Bedrooms, 2.5 Baths – $549,000

To take advantage of this opportunity and to schedule an appointment, call Jim at 480-788-9212.