Central Phoenix

$500.00 Move-In! Exceptional Value..Exceptional Home!

Yes, only $500.00 to move into a brand New Home! And it’s not a dinger either. This 1605 sqft home is loaded with upgrades. Upgrades like granite counter-tops. Tile floors in the kitchen, baths and utility rooms. The blinds are already installed. And get this…the home comes All Appliances. A beautiful Side by Side Refer, Built-in Range, Dishwasher and Microwave. And get this..a Washer and dryer!! The home comes with blinds too. This 3bed/2bth single level home is ready and waiting for you.  How much? Just $139,990. Remember, you can move in for $500.00 Snowbirds, why rent a space year after year? You can own a brand new home. Buy now while they are priced so low. These prices and incentives will not last. First Time Buyers, close on this home before April 30th and you may qualify for the $8,000 tax credit. Put your tax return to work for you. Contact Michael Manning at 602-738-8236 for more info. My e-mail is michaelbmanning@cox.net or michael.manning@phoenixpowersearch.com  See a video of this home. http://picasaweb.google.com/lh/sredir?uname=judy.eldc&target=ALBUM&id=5431123299653348625&authkey=Gv1sRgCPHRxYTd6PPITQ&feat=email  

Try This Downtown Phoenix Icon for a GREAT Meal!

Yes…I know…I post a lot about food. But dang…there are many really good place to eat in the Phoenix area. One of the oldest and most well known is a staple of the Central Phoenix area called Durants. They have been serving up great homemade food since at least the 50’s. I really do not know when they opened…but I do know they have not changed the decor since then. Still sporting vintage RED FLOCKED WALL PAPER. No REALLY. Typically you enter from the back and walk right through the kitchen where the first rate staff is used to working around the foot traffic. The ambiance is also vintage. Light, bright and open were not terms used when designing this place. More like what I would think of as a supper club atmosphere. I will say I enjoy going there even more since Phoenix implemented a no smoking rule in public places as this was the HOT SPOT for the martini and cigar crowd for many years. The movers and shakers of Phoenix still can be found regularly conducting business over a cocktail or two…but no heavy smoke permeating the building! Durants is open for lunch and has a wide variety of choices…but the dinner experience is something. Starting out with a old time starter…a... 

Not a Short Sale..Not a Bank Owned, A Brand New Build For $500.00 Move-In!

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  

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... 

Central Phoenix Charm

This home has it all, it even has quest quarters. This is a must see for all home buyers. It is a charming home in one of Phoenix’s most sought after historic districts. This is a three bedroom two bath home that has character and class. The back patio area between the main home and the guest area and detached shed is landscaped beautifully. It has a perfect central location for a professional’s downtown office. There are huge separate detached storage areas. The yards are beautifully landscaped with lots of mature trees. North/South exposure. For more detailed info on this property please visit the Flex-MLS link:http://www.flexmls.com/link.html?oy7ku84eqo9,12  

Are you an FHA buyer but still “on the fence” about buying?

There have been many rumors flying around regarding the expected adjustments to the FHA loans provided. Do you want to use FHA financing due to the lower down payment requirements, experiencing some credit issues and or wanting to ask the seller to contribute up to 6% concession? If you are and are counting on utilizing FHA loan products for the purchase of your new home, but aren’t quite ready to get off the fence…You may want to re-think your current position. Per a recent article in the Chicago Tribune – FHA-insured mortgages have become the loan of choice — realistically, the only option available since the private mortgage industry’s problems arose — for consumers who are eager to purchase a home but don’t have a significant down payment or stellar credit history. Currently, borrowers have to make at least a 3.5 percent down payment and have a minimum FICO credit score of 500, but most participating lenders require borrowers to have a score of 620 or higher. Those lending requirements have meant a banner year for the FHA. It has insured almost 30 percent of home purchases — more than 75 percent of which are to first-time homebuyers —... 

**UPDATE**Not only extending the 8k tax credit, but opening it up for others too!!

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... 

Looking For A Good Deal?

Everyone is looking for a bargain at rock bottom prices!  We are, I believe at the bottom of the market and there are tons of deals out there.  I had an out-of-town client looking for a single family-detached residence between $75-$100K, 1800 square feet with a pool, maybe just a bit of fix up and not too far out of town.  The pictures in the MLS looked good and the client was excited when he got here thinking he was going to pick up a real steal!  The day before arriving, he gave me a list of 45 properties.  Knowing what was ahead of me, I starting checking the MLS.  The list was reduced to 25 properties, because 20 of them had Pending offers or were considered Active With Contingencies (AWC).  With properties going so fast and having multiple offers, I called on the remaining 25 which further reduced my list to down to 6.  Out of these final properties that we were able to see and after driving around the entire Valley of the Sun for 8 hours listening to the client tell me how much he loved Arizona and how great it is here (and I agree!), he realized that getting that great bargain for under $100K with a pool was not going to be as easy as he thought and some of those properties... 

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... 

The Highest Offer Doesn’t Always “Win”

When the market was at it’s peak, I witnessed agents writing offers on the hoods of their cars for a newly-listed home I showed to my clients. The agents and their cars were lined up like a Nascar race along the street.  It was one of the craziest experiences I have ever seen in my career! It appeared as if a gun had fired, and the Realtors were in a race to the “write an offer as fast as you can” finish line. My clients fell in love with this home and wanted to submit an offer. They were anxious that so many offers were being written right before their eyes on the driveway, but felt it was worth the competition to own this home. As the agents were scrambling for their pens and shuffling papers around, I was on the phone with the listing agent establishing rapport with her. I inquired and listened as she explained what was important to her seller’s in an offer. “A solid offer from a solid buyer” was what she told me. What did they really mean? Hmmm…This is where your Realtor needs to accurately read between the lines. We went ahead and offered full asking price (solid) because of the activity on the home, and I suggested a $10K earnest deposit... 

Next Page »