The best blog for waterfront and lakefront homes and communities for the Phoenix Arizona area
What is Home Equity Theft?Home Equity Theft is a phrase that is used when governments and investors use tax liens and tax deeds to legally take a homeowner’s property and their equity. This has been become common practive in many states. It is finally getting the attention it deserves now that the case Tyler vs. Hennepin County is in front of the U.S. Supreme Court.
The Phoenix real estate market in 2022 was quite a ride! Appreciation in the first half of the year was followed by falling prices in the last 6 months. The result was that prices at the end of the year were roughly where they began at the first of the year. What happens in 2023 is the speculation that real estate pundits, commentators, and Youtube channels love to embrace. There is no lack of opinions on this subject.
A brand new home can be so appealing in many ways. You can choose your flooring, cabinets, type of counter tops and numerous upgrades. Not to mention all the appliances are and mechanical systems are new. So what if anything could go wrong with purchasing a new build home? Well, let’s consider 9 tips to help you when buying a new build home from a builder to make it a smooth experience.
A community facility district is often referred to as a CFD. You may not always be aware that a house is located in a CFD. So what are the drawbacks or advantages and how do you determine if a house is in a subdivision with a community facility district? Are there any tell tale signs that can help you know?
Can Sellers Contribute Toward Buyer Closing Costs?Does the Arizona Association of Realtors contract allow for sellers to contribute toward buyer closings costs? What about assisting with the down payment? These are questions that come up in the course of a transaction. And in what type are market are they more common? Keep reading to understand what seller concessions are.
Have you ever wondered how lenders calculate how much you can qualify for when you’re looking for a house? What do they take into account? Income, debt, monthly obligations? Are you getting prequalified for an amount that you can’t afford? These are all questions that would be good to understand. Be an informed education and informed buyer! Continue reading if you want answers to these questions.
Has the trend of multiple offers within 48 hours waiving appraisals and inspections continued through the first half of 2022? What has the increase in interest rates done to buyer demand in the Phoenix real estate market? And has this affected home sale prices throughout the valley. To find out the answer to these questions, read this 2022 Phoenix market review.
Getting prequalified before looking for a home and especially prior to submitting an offer is mandatory. What can be done to prepare a prospective buyer before getting prequalified? The answer is to become credit worthy. How does your credit score influence your prequalification? Understanding how credit bureaus measure your credit worthiness is a good place to start. Continue reading “Prequalification and Your Credit Score”
Eliminating MIP on a FHA LoanWhen you review your mortgage statement every month you are reminded of something called mortgage insurance. For a FHA loan it is called MIP, Mortgage Insurance Premium. Removing MIP on a FHA loan is a different animal than removing it from a conventional loan. Market appreciation does not enter into the equation at all. To see what option are available, continue reading.
What a year 2021 turned out to be! And now our focus turns to 2022 and what changes we’ll see in the Phoenix real estate market. Predictions are always difficult but identifying the underlying driving factors is a good place to start. Let’s review what happened in 2021 in the Phoenix real estate market and a 2022 market forecast.