Buying A Home | Jim Little's Sun City AZ Real Estate Blog

Why Buy A Sun City AZ Home NOW?

The Phoenix area real estate is rising from the ashes just like its namesake,the mytical bird.

The lowest priced homes,under $100,000 are selling withind a few days,often with multiple offers.

Bank owned homes,(REO) ar also selling very well. REO new listings have been averaging 4,000 per month. Pending sales in this [...]

Good News Friday June 5,2009

Pending home sales are up 7% nationwide. Credit Suisse reports real estate buyer activity is up 20-28% in the Phoenix market. Much of the activity is first-time buyers and investors. I have said often it is the first-time buyer who will lead the way and get us out of this recession. Investors are paying [...]

First time Buyers,more about the Tax Credit.

As I mentioned in Friday’s post,the use of the first time buyer tax credit toward BUYING A HOME, is a work in progress.

A very knowledgeable loan originator,Jeff Belonger in Cherry Hill NJ just posted a very good explaination of the rules as they are today. Rather than re-invent the wheel,see Jeff”s [...]

Good News for Friday.

The Consumer Confidence Index improved 14% over the low in February. I have said for a year that confidence,more than anything else except affordability creates housing demand. Both measures are excellent today. Nationally and locally,resale inventory is dropping(5% in the Phoenix metro,I’ll post June 1 with more detail on Sun City [...]

My Promise to Home Buyers

I Promise to Do These Things For You!

•1 Help with the qualification process

•2 Recommend 3 local lenders

•3 Identify suitable properties

•4 Set appointments and show qualifying properties

•5 Prepare buyers estimated closing costs on selected property

•6 If a new home is selected,help review the Public [...]

Fridays are for GOOD NEWS! May 22,2009

A few pieces of good news for the day.

The Home Affordability Index is the best it has been in the 18 years of its existence. 73% of homes for sale were affordable by the median income family($64,000 as of this writing) Mortgages were still artificially low,subsidized by the Federal Reserve. This can’t go [...]

5 Things to Know Before Buying a Foreclosed Home

Expect the property to be in terrible condition. Many foreclosed homes were abused as the former owners realized they were going to lose the home to the bank. Often the home has damaged and missing items. (A friend just sold one with NO KITCHEN. Additionally,the first thing a lender does is turn off [...]

They didn’t change the Kitchen

That is the second most popular phrase from today’s home shoppers. It is only second to “I have to sell my home to buy a new one.”

Here are some solution suggestions for dealing with either of these issues.

Are you a prospective buyer who doesn’t like the kitchen,carpet or…? Just get a buyer’s [...]

The Number of Active Agents in Arizona Decreases!

The Arizona Republic reported today (7/20/09) in an interview with Bob Bemis of the Arizona Regional Multiple Listing Service (ARMLS) That only 28,000 of ARMLS’36,000 former members renewed their dues for the 2008-2009 period. Even though ARMLS expects 3,000 late renewals,the anticipated net decline represents 20% fewer agents than last year.

It is [...]

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