Phoenix Redevelopment

So Your Offer has Been Accepted: Action Steps Following Accepted Offer

Order your home inspection immediately. Per the contract there is a specific number of day inspection period which begins on the date the purchase offer is accepted. You and your agent will have pre-determined the inspection period and listed it in the purchase offer. I can give you the name of two different inspections companies that I have dealt with in the past. HouseMaster 480-345-8570 Ecospec Home Inspections 602-332-7132 Home inspection companies will generally do an overview of the home. Making sure things work such as appliances, toilets, hot water heaters, fixtures, HVAC units etc. They are not specialty contractors.If you wish to have specialty inspections performed such as roofing, pool, lead based paint, radon gas etc. you will need to contact a specialty inspection company and/or a specialty contractor to have these types of inspections performed. Again remember to make arrangements for these inspections immediately following your offer being accepted and that they have been completed within your inspection period. I have an additional list of contractors and inspectors that I can provide you with if you wish, feel free to contact me anytime. Contact your lender if the... 

Call to Action! $8,000.00 Tax Credit Going Away!

The $8,000.00  Tax Credit is going to expire in just 60 days, on November 30, 2009. That means you, as a first time homebuyer will not be able to purchase a short sale. It will not close in time to take advantage of this fantastic program. And bank owned properties are getting very close to that time line as well.  Nearly 50% of the homes sold to first time buyers were sold because of this program. That has been a boon to our economy and a big help in reducing foreclosures and short sale inventory. When that inventory is reduced enough, builders will start building and people will start working again. This is not only important to the individual, but to our economy as well. It is very important for everyone, from potential first time buyers to Realtors, Lenders to New Home Builders to e-mail or call their Congressman. Tell them it is of the utmost importance that they work to extend this program. And the time is now! Let’s keep things going in the right direction. Please do it now. To make it simple, I have included Arizona Congress and Representatives web address’s and phone numbers. If you want me to write it for you just contact me with your info. I will be happy... 

Homepath Homes..Great Financing..Great Program!

As I have been showing lots of foreclosures in the past several months, I have been seeing homes advertised as Homepath homes. Upon entering I see brochures saying this is a Homepath home. I had no idea what that meant. Upon investigating, I found a great new program. One of the biggest advantages of this program aimed at reducing the number of foreclosures is the low down payment. An investor only has to put down 10%! If the investor owns 4 or more properties, they will have to put 25% down. But that means they can still finance 4 properties, putting only 10% down. What a great way to move forclosures. For the owner occupied buyer, they only have to put 3% down. There is no PMI (private mortgage insurance) and you won’t need an appraisal. As appraisals have been coming in low, that may be a big deal. Sellers can contribute $$ towards closing costs. The amount is determined by how much you put down. The only disadvantage I can see is the interest rates are higher then the average 30 year conventional loans. But you still have the option of buying the interest rate down. Here is a link to to Homepath homes and the program. www.homepath.com It’s a great program any way you... 

$8,000.00 Tax Credit For First-Time Home Buyers

All you first-time home buyers who are waiting for just the right time to buy, should consider that Now is the best time to purchase that first home. The $8,000.00 tax credit program is going away at the end of November. That means if you have been considering buying a short sale which typically takes 90+ days to process, it’s too late. Unless the bank has processed one where the buyer dropped out. If there has been a broker’s price opinion, and a negotiator assigned, you may still have a chance to purchase that short sale. A better choice at this time would be to look at only bank owned homes. Homes that have been foreclosed on will go through the process quicker. You still have a chance to use the $8,000.00 tax credit. If you find a home that is not a short sale or a foreclosure, and the seller wants a quick close, you still have a chance for that as well. Another option would be a New Build Home. Builders typically have spec homes available, where you can pick the flooring and counter-tops. They can close in as little as 30 days. Builders are anxious to unload their inventory, especially at months end. They also offfer incentives such as $$ off the price, special... 

Get $30K For Fixer-Uppers from FHA Loan

Another great reason to invest in a home today! The 203K streamlined FHA loan allows borrowers to obtain up to $30K for repairs; without piles of paperwork or delays in closing. This is a fantastic program, since most lenders steer clear of “rehab” loans. Below is a list of approved repairs: Roofs, Gutters, and downspouts HVAC systems (Heating, cooling, and venting.) Plumbing and electrical Minor kitchen and bath remodels Flooring (Carpet, tile, wood, etc.) Exterior and interior painting New windows and doors Weather stripping and insulation Improvements for persons with disablitilies Energy efficient improvements Stabilizing or removing lead based paint Decks, patios, porches Basement finishing and waterproofing Septic or well systems Purchasing of new kitchen appliances or new washer and dryer. With a little imagination and the 203K loan program, you can turn a fixer-upper into a beautiful place to call home. There are many homes that are structurally sound, but just need a little TLC and minor, cosmetic repairs. This is a great opportunity to buy a house, and bring it to life with your own personal taste and style! If you would like to learn more about the 203K streamline... 

22% Forgivable Seconds! Your Way Home AZ Grant Program

The “Your Way Home AZ Grant Program” is a program set up for purchase assistance of foreclosed homes. The borrower must qualify for a 75% 1st mortgage as they would with a standard purchase transaction. The state will provide a 22% 2nd mortgage with no interest (silent 2nd). A 3% down payment is required. 75% 1st + 22% 2nd + 3% Down Payment = 100% This program is for buyers of foreclosed properties only. $20M available for purchase assistance. The program does not limit closing cost paid by seller. Must have 3% down, regardless of what mortgage product is used for the financing of the 1st 75% (VA, USDA, Conventional, FHA, etc). Income cannot be greater than 120% of median for household by county. www.yourwayhomeaz.com Click on: Am I Eligible, to find out if you can qualify based on household income ( income is for ALL people over 18, regardless of them being on the loan application). The purchase price of the home MUST be 1% less than appraised value. Subsidy by the state is 22% of the purchase price. The program only applies for a primary residence. Consumers must complete 8 hours of homebuyer education program. There are specific debt to income rations that apply for the program.... 

Biltmore Neighborhood Specialist

The Arizona Biltmore No one can sell the Biltmore better than someone who lives here and loves it!  I have lived for 9 years at the Biltmore in the Colony/Greens off of 24th St where the main entrance to the Biltmore Resort is located.  I walk the grounds every morning with my dog passing the canal, the Wrigley Mansion, the hotel and then the  homes along the golf courses. The lifestyle is gracious and the price range of the homes vary from the low $200s to the $10 Million plus range! The two 18 hole golf courses are superb and are open to the public for playing.   The resort houses fine dining as well as high tea, casual dining and a relaxing environment to be enjoyed anytime of the day.  The canal runs through the BIltmore providing a jogging path that goes for miles and miles in 2 directions.  The location of the Biltmore in Phoenix is between at 24th and  32nd Streets in the Camelback Corridor. The Phoenix Preserve with mountain hiking is our north border and to the south is Camelback with the Biltmore Fashion Park. This most desired location is popular for any activity or need that one would have in a city.  The airport is 10 minutes away.  The wildlife at the... 

Phoenix Historic Districts–Francis Quarles Story Neighborhood

The F.Q. Story District is one of the FIRST historic districts of Phoenix.  I recently captured a drive up and down a couple of the streets in this neighborhood on my camera.  The video starts out at 13th Ave and Portland, heads north to Latham, then west to 15th Ave, and finally east from 15th Ave and Portland, capturing the entire street of Portland.  Hope you enjoy this little bit of the Francis Quarles Story Neighborhood!  More clips to come! Please enable Javascript and Flash to view this Viddler video. Now for a tidbit of history: The F.Q. Story Neighborhood’s construction originally began in the Roaring 20’s, at which time our population was a mere 29,000!  It is an insane number to grasp considering the Phoenix Metropolitan area consists of roughly 4 MILLION people today. This charming historic district contains 602 homes spanning a vast range of square footage and architecture styles. Below are some helpful links for The FQ Story Historic District, any other historic districts in Phoenix, or Francis Quarles Story himself. State Historic Preservation Office FQ Story Historic District Neighborhood Web Site Wikipedia-F.Q. Story Historic District TAX BREAKS... 

EARTH HOME ON 1.2 ACRES NEAR PARADISE VALLEY

Bring your smart, dedicated Eco-Friendly client to this one. Existing home is an Earth Home. Earth Homes are designed to minimize the affect of home ownership on the environment by relying upon unique building designs and materials. This is a paradise in the making waiting for a savvy eco-warrior to snap it up. The price includes the home, the huge 1.2 acre lot & a 2-car garage. A major remodel was underway. New wiring, plumbing & sheet rock exists. Homes in the subdivision sell for $500K plus. This home needs $50K worth of finishes and it is turn key. Why an Earth Home? Save thousands in heating & cooling cost. The builder’s wise use of natural light & land exemplify an Earth Home’s design. Bring your true-believer earth-first client. This is truly a one-of-a-kind home  

$50,000-300,000/ INVESTOR LOOKING FOR UGLY HOMES

Buyer Listing#: PB253-0415-RP Created: 04/15/09 Price Range: $50,000 – $300,000 Property Type: Single Family / Condo / Golf Property / Horse Property /  Etc. Square Footage: ANY SIZE Location: Phoenix (Biltmore) North Phoenix, North Scottsdale, Paradise Valley, Tempe Additional Needs: BRING ME YOUR UGLY HOME & MY INVESTOR CLIENT WILL BUY IT – ALL CASH WITH A 10 DAY CLOSE!  IF YOU ARE IN A BIND OR JUST PLAIN FED UP WITH YOUR HOME, CALL ME  AT 602-540-6832 Note: BuyerTours Team @ HomeSmart does enter into a limited commission agreement with unrepresented sellers where BuyerTours represents the buyer. This Buyer Represented by: PETER BOURDEAU BuyerTours Team @ HomeSmart Direct: 602-540-6832 If you have an unlisted property which fits this buyer’s qualification please contact the buyer agent direct to schedule a preview of property and prospective showing of property. Join Seller Program Your Name (required) Your Email (required) Phone Number Join Buyer Program Your Name (required) Your Email (required) Phone Number  

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