Phoenix Real Estate | Real Estate and MLS Search » Bridle Path http://www.phoenixpowersearch.com Real Estate Search and Area Information - Call Anytime! 1-888-897-7821 Fri, 10 Feb 2012 04:06:51 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Want to buy short sales? Make sure you know… http://www.phoenixpowersearch.com/2010/09/want-to-buy-short-sales-make-sure-you-know/ http://www.phoenixpowersearch.com/2010/09/want-to-buy-short-sales-make-sure-you-know/#comments Thu, 30 Sep 2010 20:28:11 +0000 Elizabeth Hickey http://www.phoenixpowersearch.com/?p=5035 Short sales have a reputation of being ‘a deal’.  And while this may be true, there’s a lot to know and be aware of during a short sale transaction and if your agent isn’t savvy or experienced with managing distressed transactions, then you could find yourself up the creek without a paddle or a house!  When you make an offer on a short sale, your agent needs to qualify the listing agent to ensure they are managing the short sale negotiation properly and efficiently with the bank-otherwise it will cost you months of time.  Your agent also needs solid experience working through a distressed transaction so he/she can set YOUR expectations properly.  Your loan officer needs to be dependable and proactive as, once approval is gained, time is limited to close by the short selling lender.  There are qualifying questions for your loan officer, as well, such as whether they have in house underwriting?  If you would like to discuss the nuances of making an offer on a short sale, and have your expectations properly set so you can make sure you even want to seek out short sales, go to www.BethAHickey.com and I can help guide you through the process.   With over 80 short sale transactions under my belt, I can paint the picture of what your experience will be.   It’s possible to find a great house, under market in the perfect neighborhood if you have an experienced distressed property agent to make the most of your time and do everything possible to ensure a successful close!

]]> http://www.phoenixpowersearch.com/2010/09/want-to-buy-short-sales-make-sure-you-know/feed/ Not a Short Sale..Not a Bank Owned, A Brand New Build For $500.00 Move-In! http://www.phoenixpowersearch.com/2010/01/not-a-short-sale-not-a-bank-owned-a-brand-new-build-for-500-00-move-in/ http://www.phoenixpowersearch.com/2010/01/not-a-short-sale-not-a-bank-owned-a-brand-new-build-for-500-00-move-in/#comments Sun, 17 Jan 2010 22:18:11 +0000 Michael Manning http://www.phoenixpowersearch.com/?p=3967 No kidding. I know a builder who is competing with short sales and foreclosures and winning. You can get in for $500.00 with a PITI payment of only $903.87 per month, including HOA! A 1321 sqft single level home will cost $129,990. a 1767  sqft home only $137,900.  These  new homes are not dingers either. They are energy efficient, using Low E-Windows, 13 seer A/C units, Water-saving Plumbing Fixtures and Tile Roofs. 9′ ceilings, cultured marble vanity-tops, and raised panel interior doors are some of the upgrades included. Great kitchens include microwaves, deluxe dishwashers, spacious pantries and oak cabinets.

You get a large pool-sized lot, a covered patio, a door into the garage from the side, front and rear hose bibs. All the options you might want are already included. I only mentioned some of them.

Oh, did I mention that they come with a Side by Side Refer, Washer/Dryer and a 40″ LCD TV?

So, $5,000.00 in incentives, An $8,000.  tax credit, Side by Side Refer, Washer/Dryer and a new Big Screen TV. Low move-in (less the rent) and low monthly payment, again less the rent. What are you waiting for? Homes ready to move into now.

Michael Manning

EXP Realty, LLC

602-738-8236

]]> http://www.phoenixpowersearch.com/2010/01/not-a-short-sale-not-a-bank-owned-a-brand-new-build-for-500-00-move-in/feed/ **UPDATE**Not only extending the 8k tax credit, but opening it up for others too!! http://www.phoenixpowersearch.com/2009/11/not-only-extending-the-8k-tax-credit-but-opening-it-up-for-others-too/ http://www.phoenixpowersearch.com/2009/11/not-only-extending-the-8k-tax-credit-but-opening-it-up-for-others-too/#comments Thu, 05 Nov 2009 22:05:53 +0000 admin http://www.phoenixpowersearch.com/?p=3813 Per the Associated Press .. November 5th, 2009
First-time homebuyers have been getting tax credits of up to $8,000 since January as part of the economic stimulus package enacted earlier this year. But with the program scheduled to expire at the end of November, the House voted 403-12 Thursday to extend and expand the tax credit to include many buyers who already own homes. The Senate approved the measure Wednesday, and the White House said President Barack Obama would sign it Friday.

Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500. First-time homebuyers — or anyone who hasn’t owned a home in the last three years — would still get up to $8,000. To qualify, buyers in both groups have to sign a purchase agreement by April 30, 2010, and close by June 30.The credit would be phased out for individuals with annual incomes above $125,000 and for joint filers with incomes above $225,000. The newly purchased property must become the buyer’s primary residence. It can not be used for “vacation” homes.

Please do not hesitate to contact me with any questions you may have. I am here to help. I can be reached at 480 628 2967 or julie@phoenixpowersearch.com. I look forward to being of service.

http://www.google.com/hostednews/ap/article/ALeqM5hJJraNRE6DjWj2orF7SYJ12PADEAD9BPISHG0

]]> http://www.phoenixpowersearch.com/2009/11/not-only-extending-the-8k-tax-credit-but-opening-it-up-for-others-too/feed/ A God Blog…Giving The Glory to Him! http://www.phoenixpowersearch.com/2009/10/a-god-blog-giving-the-glory-to-him/ http://www.phoenixpowersearch.com/2009/10/a-god-blog-giving-the-glory-to-him/#comments Mon, 05 Oct 2009 20:13:23 +0000 Michael Manning http://www.phoenixpowersearch.com/?p=3731 Check out how God networks!!!

One Monday morning not long ago my wife, Judy got a call from a lady asking if she was still looking for horse property. She had seen a blog that Judy had posted for a buyer client maybe as long as 2 months ago, seeking horse property. As she read further she saw we needed the property near Prescott. She was clearly disappointed and paused then started sharing her story. Needing to sell, on a vicious cycle of spending all her time working on her property, no time to spend with her children or grandchildren. She was worrying and afraid to let go. As Judy listened to her she said “I want to share with you where we are”. We used to make 6 figures and are now happy to have 40k. That it was very emotional to think of having to move out of our home and rent again but that if it is the will of God, that is what we want. That God gave us His business to run, that He had it all figured out for us. That God has it figured out for her too. She need not worry but to seek God’s will. He has her job figured out. Judy told her she was led to share something with her and opened her Bible to the back cover where she had taken notes from a  service that Pastor Mark Martin taught on Aug 6th 2000. It was on Seeking Gods Will for us. The 6 steps. Judy felt the same wonderful Holy Spirit again. Judy asked her to write down the scriptures and went through the 6 steps of seeking Gods will for us. At the end she said I don’t even know your name but can I pray for you and she said yes. She said her name was Donna. Judy again felt the same sweet Holy Spirit as she prayed for Donna and her circumstances. She said thank you and she asked “what church do you go to” and Judy said Calvary Community Church. She said” me too but I go to the one on 1-17 & Cactus” and Judy squealed and said so do we. She said “wow”. She started crying and said that she knew we were to help her sell her home. We met with Donna at the atrium back door at North Chapel on Sunday morning! Judy and I had attended Pastor Mark’s  call to prayer on the previous Friday night. There were over a thousand people praying that night. We feel that night was instrumental in God’s answering one of our many prayers. It was His way of bringing Donna and us together. We listed Donna’s horse property in El Mirage on 10/2/09 for $650,000.  Calvary has over 12,000 members! It was no coincidence that brought us together. It was God’s will and I am giving Him all the glory, in Jesus’s Holy name.

Looking for a working horse property? Check out listing # 4266771.

Michael Manning  602-738-8236  michaelbmanning@cox.net

HomeSmart

]]> http://www.phoenixpowersearch.com/2009/10/a-god-blog-giving-the-glory-to-him/feed/ Homepath Homes..Great Financing..Great Program! http://www.phoenixpowersearch.com/2009/09/homepath-homes-great-financing-great-program/ http://www.phoenixpowersearch.com/2009/09/homepath-homes-great-financing-great-program/#comments Wed, 02 Sep 2009 20:04:28 +0000 Michael Manning http://www.phoenixpowersearch.com/?p=3260 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 look at it!

Michael Manning

HomeSmart BuyerTours Team

480-882-2727

602-738-8236

]]> http://www.phoenixpowersearch.com/2009/09/homepath-homes-great-financing-great-program/feed/ $8,000.00 Tax Credit For First-Time Home Buyers http://www.phoenixpowersearch.com/2009/09/8000-00-tax-credit-for-first-time-home-buyers/ http://www.phoenixpowersearch.com/2009/09/8000-00-tax-credit-for-first-time-home-buyers/#comments Wed, 02 Sep 2009 18:50:13 +0000 Michael Manning http://www.phoenixpowersearch.com/?p=3256 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 financing options or upgrades at a discounted price.

To qualify for the program your income cannot exceed $75,000.00 per year for a single person or $150,000.00 per year combined income for a married couple. If one partner has owned a home with-in the past 3 years, you will not qualify. Vacation homes and investment properties do qualify, as well, as long as you meet the above requirements.

So get off that fence! It is now The Time To Buy that First Home!

Michael Manning

HomeSmart BuyerTours Team

480-882-2727

602-738-8236                                                                                                                   

 

 

 

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