Buy or Sell Homes in South East Valley of Arizona

1.      Limit fan use to only when you are in the room with them. Ceiling, oscillating and standing fans give you the feeling of being cooler without actually changing the temperature of the air. 2.      Use compact fluorescents, which burn cooler than regular bulbs. Not only will you save year-round, up to $40 over the life of the bulb, and in the summer you'll reduce the heat generated into a room. 3.      Use evaporative coolers and whole-house fans. Both are cost-effective methods of keeping a house cool without spending a lot. 4.      If you have central air conditioning, keep your thermostat at 78 degrees. Each degree above 78 can knock off an additional six to seven percent off your cooling costs. 5.      Get rid of hot air. Use an exhaust fan to blow hot air out of your kitchen while you’re cooking. The savings on your cooling costs far outweigh the electricity use...

These 4 Tips for buying bank owned properties, things you  should know before deciding to look at them.   We all have seen the enormous influx of bank owned properties, but do you know the down side of buying a bank owned property? There are Risks involved, but you can minimize these risks just by doing some due diligence. 1.) When signing the bank addendum, (a document the banks add on to the actual contract) make sure you realize what type of deed you are going to receive.   If it is not a General Warranty Deed, make sure you are getting the home and you fully protected with the most title insurance you can.   Most banks will issue you a Special warranty Deed, in Arizona.   If this is the case, you should look into extending your insurance policy to cover any gaps.    2.) Because the bank acquired the property through foreclosure, the bank will not be able to provide you with the (SPDS)Seller's Disclosure or the (CLUE Report) Insurance discl...

Well, the summer is just about here and not to sound too cliché...but our housing market is getting hot especially with our HUD Properties. Here are 3 things buyer's need to   know about buying   HUD properties; 1.)     HUD uses a blind bidding system, and the original list price is the price HUD determined is the market value by an appraisal, so if you want to get a loan for this property, you can't offer more than that price, as the lender's will not give you any more money that that price.   Doesn't mean you can't offer more but just be prepared to come out of pocket with the amount over.   [i.e. list price $100,000, you offer $104,000 you will be coming to the closing table with your closing costs and $4,000 + your regular down payment of 3.5% for FHA (owner occupant) or 10-20% for conventional].   2.)     HUD gives owner occupants a 10 day time period at the beginning of each listing, so they are not having to bid ...

Keep trying as I may to be positive, the facts are we have gone from 18-22 months of inventory on the MLS to about 3-6 months of inventory in about 1-1/2 years…so when folks ask me, “do you think the market is  still declining?” I would have to say ‘NO’ not in the South East Valley of Arizona. Have I seen prices rise? No not enough to make a significant difference. But in some cases, there are multiply offer and the folks are out bidding each other. Especially in the $120,000 price point and lower.  So, I would say, now is the time to be looking and buying…with the interest rates and the prices as they are, I would say this could be called the ‘Perfect Storm’. If you are interested in finding more out, please call or email me. If you want to start your search feel free to go on my website and do so…I would love to hear from you if you find a home or condo you are interested in. So we can get you on your path to own it! Elaine Beery 480-570-1912 Beeryrealty@gma...

Perhaps a bit optimistic, but in the last 3 months Our MLS (Armls) has sold on average about 1,000 more homes than we sold in 2005…Arizona Real Estate is hot, again! Yea there will be folks saying “but the price of homes has dropped so, how can you compare the two years”…to that I say…ba’humbug!! We all know the prices in 2005 were out of whack. But what I want to scream from the roof tops is…”Hey things are not as bad as what we hear from the TV and other media”. If you are able, NOW is the time to buy a home. But let’s all do ourselves a favor and have reasonable expectation. No promises of 20-30% equity in 2-3 years. If you are buying a home or condo realize it is a long term investment and you will do just fine. For more info on this or buying/selling a home in the Phoenix area, feel free to email or call. Just my opinion…takes it for what it is worth, Elaine Beery United Broker Group 480-570-1912 Direct BeeryRealty@gmail.com www.AzBuysHomes.com

"Bank of America Corp., the biggest U.S. lender, extended a freeze on foreclosures to all 50 states as concern spread among federal and local officials that homes are being seized based on false data. "We will stop foreclosure sales until our assessment has been satisfactorily completed," the Charlotte, North Carolina- based company said today in a statement. "Our ongoing assessment shows the basis for foreclosure decisions is accurate." Bank of America, JPMorgan Chase & Co. and Ally Financial Inc. already froze foreclosures in 23 states where courts supervise home seizures. Bank of America's new policy extends its moratorium to the entire nation. Lenders are being pressed by lawmakers to halt foreclosures amid allegations that employees used unverified or false data to speed the process. " Read full article So, which might that mean for Arizona, a non-judicial state? I found this interesting CA article.. "In Non-Judicial For...