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Jim Plummer

Maricopa County FHA Loan Limits on Real Estate back at $346,250

by on December 10, 2011 in Biltmore, Central Phoenix, Downtown, Featured, Fountain Hills, General, Market Watch, Phoenix, Real Estate Marketing, Scottsdale Comments { 0 }

Maricopa County FHA Loan Limits on Real Estate back at $346,250! Earlier this year the FHA loan limits forMaricopa County were at $346,250, but unfortunately it was  reverted back to the pre-2008 limit of $271,050 on October 1st. At that time after October 1st, the buying power of a home was significantly decreased for FHA loans. The [...] Read more

Jim Plummer

Prices Rising for Real Estate in Gainey, McCormick, and Scottsdale Ranches?

by on December 1, 2011 in Featured, Market Watch, Northeast Valley, Scottsdale Comments { 0 }

Prices Rising for Real Estate in Gainey, McCormick, and Scottsdale Ranches? As we have dealt with the high number of foreclosures and short sales in Scottsdale, and the Phoenix Valley Metro area over the past few years, apparently the real estate market is beginning to move in some areas. Some places are having strong due to [...] Read more

Adele Coffman

Phoenix, AZ Real Estate And FHA Loan Limits

by on September 20, 2011 in Featured, Market Watch Comments { 0 }

We knew it was coming…and it is almost here. The reduction of FHA loan limits in  Maricopa County is happening on October 1st. SOUNDS CRAZY to me to do this…but it’s true. The now amount will be $271,050… translating to to a sales price of $280,880 with a 3.5% down payment. Most people think that a conventional loan has [...] Read more

Adele Coffman

News From CoreLogic Released 09/13/2011

by on September 14, 2011 in Canadian Buyers, Featured, Investment Property, Market Watch Comments { 0 }

CoreLogic is widely recognized as a leader in providing financial and property information to consumers. They are highly regarded and often quoted as being a source for accurate industry data. Yesterday, they revealed a report stating that 22.5% of all residential mortgages are UPSIDE DOWN. Well, that sounds scary enough…but looking at the Arizona  market they quote [...] Read more

Stephen Brooks

” Why Buying Is Cheaper Than Renting”

by on September 3, 2011 in General, House Hunting, Living in Phoenix, Market Watch Comments { 0 }

We get lots of calls asking us to find homes for lease, this is not a problem but we always did they know “Why Buying Is Cheaper Than Renting”. Withinterest rates at historical lows and home half the price as they were now is the time to buy and not rent. I understand that some people can’t qualify for a mortgage at this time, [...] Read more

Adele Coffman

Phoenix, AZ Short Sales…Arms Length Transaction

by on August 27, 2011 in Agent Corner, Canadian Buyers, Featured, Market Watch, Real Estate Agents Comments { 0 }

If you do not know what a short sale is…then please, first read this post describing the process. As part of the agreement between the lender and the seller attempting to short sale their home in Phoenix , AZ, is often something termed an “Arm’s Length Affidavit”. An arms-length affidavit is a document created by [...] Read more

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