Fannie Mae has published some tips for buyers considering purchasing a HomePath foreclosure. HomePath foreclosures are certain foreclosures owned by Fannie Mae which are specifically targeted as owner occupied residences. The rules surrounding bids for HomePath foreclosures are designed to give American owner occupied homeowners an advantage over foreigners and investors. 1. Get pre-approved by […]
Many Scottsdale Sellers Overpricing Their Homes
It is common in Scottsdale AZ and elsewhere in the country for home owners who bought their homes in 2007 or later to over price their homes when trying to sell it. Those sellers often think they missed the worst of the Scottsdale real estate crash. They often think they can sell for an amount […]
Industry Experts Predict Rebound for Scottsdale Real Estate Market
The Arizona Regional Multiple Listing Service hosted an event recently with several residential and commercial Phoenix real estate experts. Over 170 people attended the event at the Camelback Inn. The consensus of the experts was that the Phoenix and Scottsdale real estate markets will rebound by 2013 or 2014. Experts included ARMLS CEO Bemis and […]
Tips When Making an Offer on a Scottsdale Foreclosure
We like to take our clients through the process of making offers on Scottsdale foreclosures step by step. We know that most people have never tried to buy a foreclosure before and it is new territory. Purchasing a foreclosure home is definitely a different process than buying a typical resale. Here are a few tips […]
Scottsdale Golf Homes in Desert Mountain
Buyers who are looking for a Scottsdale golf home in an exclusive community should consider Desert Mountain. It a private luxury community in North Scottsdale. The Desert Mountain golf club is optional for all homeowners. It is an entirely member owned club with six private golf courses, six clubhouses and restaurants. The lifestyle in Desert […]
Scottsdale Real Estate Trends – July 2011
The new Scottsdale home sales statistics have just been released. Once again it is clear that the number of sales of Scottsdale homes is way up and a clear trend has been established. The number of single family homes in Scottsdale that sold during June 2010 was 6824. In June 2011 that number is up […]
Paradise Valley Homes for Sale
Paradise Valley Homes are an excellent alternative to a home in Scottsdale. The price of homes throughout the Valley have dropped dramatically in the last several years. The prices of homes are down 40-50% or more since 2005. Now is the perfect time to buy a luxury residence at a fraction of the previous cost. […]
Will Feds Rent Foreclosure Homes in Scottsdale?
The Wall Street Journal is reporting that the federal government is considering renting foreclosed homes instead of selling them right away. The Obama administration said this would prevent home prices from falling further. Rental rates are rising across the country as real estate prices fall. Lenders would be able to cover the cost of holding […]