Arizona Home Talk

Seller’s Market under $250,000

The definition of a “buyer’s market” has traditionally meant that the supply is greater than the demand. Specifically, more than 5 months worth of inventory/supply is considered a buyer’s market. Obviously, the seller trying to sell her $900,000 house will be willing to negotiate a lot, make repairs and kiss your feet if [...]

Southeast Valley Foreclosures $100-200,000

Curious what $100,000-$200,000 can buy you in Tempe, Chandler, Mesa or Gilbert? Looking for a real steal? Check out these foreclosures (AKA bank-owned, repo, REO) properties on the map below. Also, while you’re here, you may want to read my post on the pros and cons of buying a foreclosure. - Becky

1st Time Homebuyer Tax Credit - DETAILS!

I’ve written before about the general eligibility requirements to get the new $8,000 tax credit as a first time homebuyer who purchases a home between Jan. 2009 and Dec. 1, 2009. If you are seeking more details check out this FAQ website. Also this video will explain everything. Share this with anyone you know that is [...]

PROS and cons of buying a foreclosure

  THINKING ABOUT BUYING FORECLOSURE? It’s no secret that foreclosure properties (AKA bank-owned, repos, real estate owned) are making up about 40% of all home sales lately.  It’s also obvious why - these are incredible deals.  Thinking about buying a bank-owned foreclosure? Here are some pros & cons to think about. Let me know if I [...]

FHA Loan Limits Increased, Again.

Good news. The FHA loan limits have increased! The new limit in Maricopa County for a single family house is now $346,250. Most of my clients are getting FHA loans (at awesome rates - 5-6% right now), and are doing the minimum downpayment required with a FHA loan - 3.5% of the [...]

Auction video - tips and tricks

This video is a MUST watch for anyone considering bidding on real estate properties at an Auction. Great tips and tricks - except she missed one - don’t do all this research alone - take your realtor (me!). I help you do all your homework, inspect and view the properties you are considering. [...]

Fannie Mae Rolls-Back Investor 4 Property Limit

Effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties. The fannie_mae_logo1restriction reversal does come with new minimum requirements, however. Homeowners buying a 5th, 6th, 7th, 8th, 9th or 10th home must meet the following standards, as set forth by Fannie Mae:

$8,000 tax credit to Home Buyers

So here is the scoop on the $8,000 home buyer’s tax credit in the 2009 stimulus bill. It is for First Time homebuyers (those who haven’t owned a home in 3+ years). It is NOT an interest-free loan like the 2008 $7,500 credit that had to be paid back. It does NOT need to be paid back unless [...]

$58 per square foot? Yes, in Florence.

This model home has 4 bedrooms plus a huge loft/game room. This builder-model has never been lived in and features landscaping, a balcony, courtyard entrance with exterior stone and a smart layout. Unheard of $58 price per square foot! This single level builder model has 3 bedrooms and 2 baths and sits on a [...]

Auction Results for Gilbert, AZ Properties

GILBERT, AZ PROPERTIES AUCTIONED 1/31/2009 REDC public auction held at Mesa Convention Center This post is written by Realtor Becky Wyatt who attended the auction with homebuying clients.  About 25 Gilbert properties were auctioned - here are some of the results…from the notes taken.  If you want more details on a particular property, email or call me [...]