The “New” Homebuyers Tax Credit Explained

Posted by relocateaz on Nov 19, 2009 in housing market | 0 comments

If you were one of the many Americans, holding your breath in hopes that the New Homebuyer tax credit would be extended, your wait it over. Many had predicted that the highly successful tax credit would be extended, but last week congress made it official and changed the deadline to April 30, 2010. This means that you must...

Read more

Fannie Mae and Freddie Mac To Overhaul Short Sale Process

Posted by relocateaz on Sep 25, 2009 in financing, Foreclosure, News, Short Sale | 2 comments

Breaking news in the real estate community. This week Gabrielle Harrison the VP of REO sales for Fannie Mae, and Ingrid Beckles the Default Asset Manager at Freddie Mac announced an overhaul to the short sale process at the two companies. A crowded room at the 5 Star Conference this week erupted as Gabriele Harrison announced...

Read more

Will The $8000 Tax Credit Be Extended?

Posted by relocateaz on Aug 26, 2009 in Buying Tips, housing market, investing, Real Estate | 1 comment

By now most Americans are aware of the 8,000 dollar tax credit offered by the federal government for first time home buyers.  This is a dollar for dollar credit that will be payed out on your tax return the following year.  So if you are a first time home buyer and close on your house before Dec. 1st, 2009 Uncle Sam will...

Read more

For Many, The Time Time to Buy an Investment Property Is Now

Posted by relocateaz on Aug 11, 2009 in Buying Tips, financing, Foreclosure, investing, Selling Tips, Short Sale | 0 comments

The housing market in the greater phoenix area is turning many homeowners into investors.   The chart below shows that phoenix is currently ranked 3rd in the number of homes sold in the last 9 years.  This is a telling sign of what many investors already know, the inventory levels of homes priced at $350,000 and below are...

Read more

In A Tight Market, Service Matters Most

Posted by relocateaz on Jul 31, 2009 in Buying Tips, Foreclosure, housing market, News, Real Estate | 0 comments

The housing bust in recent years has not only driven prices down, but also substantially lowered the number of houses that are sold on a monthly basis.   In response to the steep decline in transactions real estate agencies are cutting back services and leaving more of the work to be done by the clients themselves.  However...

Read more