Friday, June 21, 2013

June 2013 Market Report

Report overview:

This report includes MLS data for the past 36 months in Maricopa County only as provided by the FlexMLS system.  Please note that searches fluctuate daily when running these reports;  these figures were obtained on 6/1/13.

A reminder that you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying – blended statistics will not be as accurate as a more detailed report that your real estate professional can provide to help you with your decision making.


To view full report, click HERE!

Friday, June 7, 2013

June 2013 Newsletter

Are we in a housing bubble? Not even close, Trulia says

Though recent leaps in home prices may stoke fears of another bubble, the housing market is definitely not in one, listing site Trulia said in introducing “Trulia’s Bubble Watch.”

Read more, click HERE!

Click here to view entire newsletter

Thursday, June 6, 2013

When thinking of buying a home get your taxes done.

Looking back this year so far, there is a recurring issue I want you aware of, many times I get buyers who own their own business and one of the things they to in April is file for an extension.  Not a great idea if you are considering buying a home within the year.

My clients have had problems qualifying for a home because of this very common practice.  Looking at it from a lender, it makes complete sense, a person comes to you saying they made a certain amount the previous year, and to assume they made that amount last year  and is asking you to qualify them to buy a home this year.

 The way a lender can do this is ONLY if they can prove and document from the IRS that this is an average income for you and that your business will continue at the very least the same for years to come!

Filing once you find the home could easily delay you getting a loan for 2-3 months...most sellers in this market are not willing to wait to sell their home for an additional 2 or 3 months.

So, here is my advise to you; file your taxes before April 15th, yes that might mean paying taxes and planning ahead so you can do that and I know we all hate to pay taxes early but in the long run, that is so much better than losing the home you found, that you can see your family living in because you didn't think ahead.

Ok, now you have been warned... Hope it helps you get the house you want!!

As always, let me know if I can help you or someone you know buy or sell a home in Arizona.

Take care,

Elaine Beery