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  • This Weeks Priciest Home Sales in Phoenix

    The president of a scrapbook die-cutting company in Phoenix, two doctors, the founder of an information-technology company in Boise, Idaho, and the family of the former Schlitz Brewing Co. are among the buyers and sellers in this week's priciest home sales. $4,000,000. OAS_AD('ArticleFlex_1') Desert Light LLC, a Delaware ...
    Posted to Dennis Balthazor (Weblog) by 370528 on May 19, 2010
  • Tax credit of up to $8,000 is extended for qualified first-time home buyers purchasing a principal residence.

    The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by ...
    Posted to Dennis Balthazor (Weblog) by 370528 on January 19, 2010
  • Great news! FHA has increased Phoenix Area lending limits to $346250 from $271050

    Maricopa was raised to $346,250. Pima County was raised from $271,050 back up to $316,250. Feel free to follow the link to HUD's website for all other counties in AZ. https://entp.hud.gov/idapp/html/hicost1.cfm  This is welcomed news if you are looking to put down as little as 3.5% and for your sellers in these higher ...
    Posted to Dennis Balthazor (Weblog) by 370528 on March 9, 2009
  • Investors Return to the Phoenix Market- Thanks to Foreclosures

    Many foreclosed homes are bought by investors who can pay cash, market watchers say. That means fewer homes are going to buyers who plan to live there and hang onto the house for a while. Owner-occupied homes ultimately help an area's recovery. The Valley's housing market is seeing the flipside of the investor cycle now. In 2004, investors ...
    Posted to Dennis Balthazor (Weblog) by 370528 on October 30, 2008
  • What exactly is a Short Sale??? How does it work?

    With the increase in foreclosures lately you may have heard the term “short sale” and wondered what it was. A short sale is when the lender will accept less than the full amount due on a mortgage when a property is sold. Usually, the lender will accept the short sale to avoid the time and expense of a foreclosure. When a borrower is ...
    Posted to Dennis Balthazor (Weblog) by 370528 on June 16, 2008
  • 4 new rules for home buyers in this Market!!

     There's no guarantee that prices have hit bottom yet - but that doesn't mean that you can't get a great deal now. There's no telling how long the housing crisis will drag on. Here's what you need to know before you start shopping in a rocky market. Rule 1: You can't time the bottomFace it: The house you buy ...
    Posted to Dennis Balthazor (Weblog) by 370528 on May 15, 2008
  • Latest real-estate fad: Hunting for foreclosure deals

    During the housing boom, investors flocked to metro Phoenix and climbed onto buses that took them to the Valley's fringes, where they checked out affordable new homes they could buy low and sell high. Now, the bus tours to those edge suburbs are starting again. But this time, home buyers are looking for foreclosure properties they can flip ...
    Posted to Dennis Balthazor (Weblog) by 370528 on May 7, 2008
  • 5 Things To Do In A Buyer's Market

     Click Here To Search For Phoenix Metro Area Homes: www.AzRealtyPros.com With so many homes out there, buyers now have more time to ponder available homes. The average number of days on the market in February of this year was 96 days, according to the Arizona Multiple Listing Service. That's up from 54 days in February last ...
    Posted to Dennis Balthazor (Weblog) by 370528 on December 18, 2007
  • Phoenix AZ Resale Median Home Prices Were Down in November

    In November of 2007 there were 3,280 resale Phoenix  Az metro homes that were sold. Which was down from 3,610 in October. And November 2006 wasn't a good comparison, but there were 5,040 resales then. Phoenix AZ Real Estate home prices continued to go down. The median price of an existing metro Phoenix AZ ...
    Posted to Dennis Balthazor (Weblog) by 370528 on December 15, 2007