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Blog, Experiences, Sad

We will never forget – 9/11/01

September 11, 2013 by · Leave a Comment 

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Think you don’t need flood insurance in Arizona? Think again!

August 7, 2012 by · Leave a Comment 

If you happen to be one of the many who think it’s not possible to have your home flooded out in the desert, look no further than the Phoenix suburb of Anthem for your answer. Or simply take a look at the photo below. Last week, residents of Anthem experienced a rare storm that dropped more than 5 inches of rain in about 90 minutes.  Even in a newly-built community where runoff is designed... 

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Phoenix Real Estate Sellers Get Their Cocky Back

May 18, 2012 by · Leave a Comment 

Competitive Phoenix Real Estate Market Inspires Insanity As more and more local property owners clue in to the state of today’s frenzied market, we’re starting to see some of the crazy cockiness that sellers exhibited in the mid-2000’s during the height of the boom. Yes, our market is looking better for sellers than it has for 6-7 years, but I’m not yet convinced that some of... 

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(Foreclosure) Buyer Beware!

October 1, 2009 by · Leave a Comment 

As if there weren’t enough risks and potential pitfalls in purchasing real estate foreclosures, I’ll add another one to the list: angry former homeowners!

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Further proof that there’s never a dull moment in Phoenix real estate sales…

August 6, 2009 by · Leave a Comment 

I spent 2 days this week showing properties to a couple of Canadian investors.  On our second day, we found a great condo in a really nice community close to the PV Mall.

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Loan modifications are failing — thanks to the banks, er, the government!

August 5, 2009 by · Leave a Comment 

Whenever I talk with homesellers who are in dire straits – without sufficient equity to sell and/or in immediate risk of falling behind on payments – the first thing I advise them to do is consult with their lender(s) to try to structure a loan modification.  I encourage them to be honest with their lien holder(s) and let them know, point blank, that they are no longer able to keep up... 

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Foreclosures from a Buyers’ Agent’s Perspective: Inefficiency Personified

May 14, 2008 by · Leave a Comment 

Foreclosures are prevalent in the Metro Phoenix market, no doubt about it.  Banks have recognized the significance of the problem and have recently responded with sometimes shockingly-low prices.  We’re talking about 1600+ sq ft homes, less than 3 years old, in excellent condition, priced in the $120’s and $130’s.  There are some great ownership opportunities in Phoenix real estate... 

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Builders Hurting Phoenix Housing Market (again)

May 3, 2008 by · Leave a Comment 

Ironically, the Phoenix real estate market is being hurt (again) by homebuilders in a sort of pendulum back swing effect.   The run up in the Valley’s housing market in 2004-2005 was exacerbated by over-building coupled with irresponsible lending practices by the builders themselves. Many builders sold double-digit units to investors who were clearly poised to either re-sell or rent their units... 

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Some banks are starting to get it…much to the chagrin of sellers

April 29, 2008 by · Leave a Comment 

Well, it looks like some banks are starting to realize that their REO holdings are no longer simply competing with one or two other foreclosures and a bunch of ‘traditional’ residential resale homes for sale.  They’re competing against a whole bunch of short sales and REOs in any given community, and all the neighbors are left holding the bag.   Over the weekend I visited several... 

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