CactusCountryProperty

Considering purchasing a home in Glendale Arizona? An Experienced Realtor Can Reduce the Stress

If you are considering beautiful Glendale Arizona as your next home place, a reputable realtor can help make it a seamless transition. Purchasing a home or property can be stressful, but it certainly doesn’t have to be. Let someone handle the work for you!

This area is one of the most desired in the world today. You can find real estate to fit any budget, from elaborate homes to houses for the moderate budget. Your family will love this area, and all the activities that go with it. Sports and some of the best antique shopping in the world are what you will find in Glendale. If Arizona is your intended destination, this city has national recognition.

Purchasing a home or property in Arizona can be very stressful and time consuming. Looking at dozens (or even hundreds) of homes to find the perfect one for you is enough to make you decide to stay put. An Arizona real estate agent with vast knowledge and experience will discuss your needs with you, and find properties that suit your needs and budget. This eliminates much of the work for you!

When you are in the market to buy a home or property, it is much easier to let someone who knows the area well handle it for you. A good agent knows what homes are available, and will keep an eye out for any suitable homes that come open. This will help alleviate much of the stress and aggravation for the client. Realtors can also give you much needed information about the area. Schools, safety, activities – these are just a few of the topics you will be concerned about.

You may also want to know the market values of the homes that are similar to the one you are considering, so that you can make an informed decision regarding the asking price of the home. When it comes down to it, you want an Arizona realtor who will help you negotiate the best transaction for the property you desire. Years of experience insure that you will be provided the best service, a commitment to your satisfaction, and someone who stands behind you when you are searching for that special home. In fact, you will not only have the best real estate agent, you will have the entire team to help take the pressure off!

For months now, we have all seen the headlines.  Home prices are decreasing, no more zero

down loans, etc.  Does this mean there is no good news in the Phoenix Arizona area? 

Absolutely not!  Amidst all of the doom and gloom, there actually is a silver lining for

those who look for it.

Prospering real estate investors will view the current market as a prime opportunity. 

New investors may not be able to look at things in this light, but a heavyweight will

definitely see how these unfortunate circumstances can work to his advantage.

In Phoenix, the time has never been better to snap up real estate to invest in.  Home

prices are at all time lows, making it an opportune time to buy at an unheard of price. 

Homeowners can no longer afford their mortgages and foreclosures are still rising.  If

you have money to invest, you are missing the best opportunity you may ever have to

purchase Phoenix properties at a bargain.

This is an extremely beautiful and popular area, with a population that rises every year.

 Arizona is prime property for retirees, because of the climate and low humidity level. 

When you invest in properties in Phoenix, you can be sure that you will turn them around

in to big profits in the coming years.

Experienced real estate investors know how to look for the best deals;  they also know

that purchasing property in just any area isn’t a smart idea.  If you are investing in

rental properties, you want an area where homes don’t sit empty very long.  These are

usually areas that are close to schools, jobs and shopping.  Homes in these areas

normally do not stay vacant long.

Phoenix properties are a prime investment for those who know their business well.  If you

make a living as a real estate investor, contact an agent with the knowledge and

expertise to know which areas are the best deal for your money.  The current economy,

although frightening to many, has made it an investors paradise.  Talk to your Phoenix

realtor today.

For months now, we have all seen the headlines. Home prices are decreasing, no more zero

down loans, etc. Does this mean there is no good news in the Phoenix Arizona area?

Absolutely not! Amidst all of the doom and gloom, there actually is a silver lining for

those who look for it.

Prospering real estate investors will view the current market as a prime opportunity.

New investors may not be able to look at things in this light, but a heavyweight will

definitely see how these unfortunate circumstances can work to his advantage.

In Phoenix, the time has never been better to snap up real estate to invest in. Home

prices are at all time lows, making it an opportune time to buy at an unheard of price.

Homeowners can no longer afford their mortgages and foreclosures are still rising. If

you have money to invest, you are missing the best opportunity you may ever have to

purchase Phoenix properties at a bargain.

This is an extremely beautiful and popular area, with a population that rises every year.

Arizona is prime property for retirees, because of the climate and low humidity level.

When you invest in properties in Phoenix, you can be sure that you will turn them around

in to big profits in the coming years.

Experienced real estate investors know how to look for the best deals; they also know

that purchasing property in just any area isn’t a smart idea. If you are investing in

rental properties, you want an area where homes don’t sit empty very long. These are

usually areas that are close to schools, jobs and shopping. Homes in these areas

normally do not stay vacant long.

Phoenix properties are a prime investment for those who know their business well. If you

make a living as a real estate investor, contact an agent with the knowledge and

expertise to know which areas are the best deal for your money. The current economy,

although frightening to many, has made it an investors paradise. Talk to your Phoenix

realtor today.

Broker

Cave Creek Arizona is a vibrant town that boasts beautiful mountains as the backdrop. 

Choosing the right realtor when you are looking for the perfect real estate is as

important as the property itself.  Many people make the mistake of choosing the first

agent they meet, which may be a mistake.  You want the process to go as smoothly as

possible, and you want a real estate agent you feel comfortable with.
Why does it really make any difference what realtor you choose when looking for that

perfect home?  You can avoid much frustration by choosing a Cave Creek real estate agent

who is well experienced and intimately familiar with the properties available in the

area.  They can offer counsel, excellent advice and have a knack for showing attention to

details.  This helps avoid unwanted surprises or problems from arising.

In these tough economic times, you want a realtor who is well seasoned and knows the

complexities of real estate transactions.  This will insure that they are committed to

giving you quality advice and complete attention to your needs.  This is perhaps the

biggest decision of  your life, so put it in the best hands possible.
 
Cave Creek is home to many artists, with a locale that is conducive to all kinds of

enjoyable activities.  Hiking, horseback riding and mountain biking are just a few of the

activities you will look forward to in this rustic, welcoming community.  If you love

golfing, you will find some of the most luxurious homes you have ever seen along the

magnificent golf facilities.

Cave Creek offers some of the most beautiful homes and landscapes you will ever see.  If

a condo is more to your liking, we have that too.  Whatever your preferences, you will

find it in this unique and inviting Arizona city.  Luxury homes setting on spacious

tracts of land and lavish amenities are what you will find here.  We also offer excellent

living in exclusive subdivisions that offer extra privacy and protection with gated

access. 

If beautiful scenery, fine living and activities for everyone in the family is what you

are looking for, contact your Cave Creek realtor today!  You truly won’t find more

exquisite homes, condos or real estate anywhere else in the world.

The month end numbers for April 2009 are reflected in this weeks information.
A 6% drop to 29,836 was observed in single family detached homes. Since a high of nearly 50,000 available homes just over one year ago, we are now under 30,000. This indicates almost 40% correction . . . . . . AMAZING!
During April, the closing trend continued upward with 8716. This dropped the overall supply to only 3 ½ months!
Both Phoenix and the West Valley are at 2 ½ months of supply. The available supply of homes in the SE Valley is at 3 months.
Continuing to climb, pending sales rose to 16,070.
In a trend that continues to improve, the Scottsdale under $1M has moved to a 7 ½ month supply.

Although the luxury markets of Paradise Valley and Scottsdale continue to languish because of a lack of Jumbo financing options, both are below 3 years of supply for the first time since September 2008. Paradise Valley is at 34 ½ with Scottsdale coming in at 30 months.

Overall Market. From last week, inventories have decreased by 6%. The total closings last month were 8716, with 29836 active listings. Supply levels are about 3 ½ months.

Phoenix. From last week, inventories have decreased by 7%. The total closings last month were 2499, with 6445 active listings. Supply levels are about 2 ½ months.

West Valley. From last week, inventories have decreased by 8%. The total closings last month were 2645 with 6738 active listings. Supply levels are about 2 ½ months.

North Phoenix, Cave Creek, Carefree, Desert Hills. From last week, inventories have decreased by 3%. The total closings last month were 450 with 5121 active listings. Supply levels are about 11 ½ months.

Mesa, Tempe, Gilbert, Chandler. From last week, inventories have decreased by 6%. The total closings last month were 2146 with 6636 active listings. Supply levels are about 3 months.

Scottsdale over $1m. From last week, inventories have decreased 3%. The total closings last month were 44 with 1341 active listings. Supply levels are about 30 months.

Scottsdale under $1m. From last week, inventories have decreased 4%. The total closings last month were 302 with 2230 active listings. Supply levels are about 7 ½ months.

Paradise Valley. From last week, inventories have decreased 2%. The total closings last month were 16 with 554 active listings. Supply levels are about 34 ½ months.

When you are ready to purchase your dream home or want to invest in real estate, hiring a Phoenix realtor who has plenty of experience is essential. Not only can they find properties that are within your budget easily, they can also help take much of the stress off of you. Here are some other reasons hiring a Phoenix real estate agent is so important.

There are many concerns when it comes to investing in your future home or property. If you have a family and children, the concerns are even greater. Schools, neighborhood safety and comparative home values are just a few of the areas you will have questions about. A reputable Phoenix realtor can answer any questions you may have about Scottsdale, Mesa and Glendale as well.

When you are interested in purchasing a home, there are many things the average person knows nothing about. The inspection period is one of those things. This may be the most complex and important part of the whole buying process in Arizona, and you need to know how it works.

If you decide to purchase a home in Arizona, you have a great opportunity to investigate the home thoroughly before making a decision on whether to go forward with the purchase. Your Phoenix real estate agent knows all about this inspection period and can help guide you through. You don’t want to miss the deadlines or mismanage your opportunities!

Actually, when you choose a dependable realtor they can handle the whole process for you. Here are a few notes about the inspection period:

During the inspection period, the buyer has the right to accept the home in the condition it is in. You may also want to cancel the contract, or give the seller an opportunity to fix the problems found during inspection.

When the buyer wishes to request that repairs be done, they will use the “Buyer’s Inspection Notice” form to let the seller know about the repairs they are requesting. There is a time limit on these things, which adds to why you should hire a well seasoned Phoenix real estate agent to handle this for you.

The seller also has limited time to reply. They may agree to make the repairs you request, agree to repair a portion of the damages or refuse to make any repairs at all. At this point, there are some options left for the buyer. All of this is enough to give many people a huge headache, and is really better left to someone who has experience in handling tasks like this.

When you get ready to purchase a home or property in Phoenix or the nearby area of Scottsdale, Glendale or Mesa, get professional help. When you hire a knowledgeable realtor in Arizona, it makes your life much easier.
Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

Are you considering the benefits of investing in rental properties, but concerned about a slowing real estate market? Great news! Economic indicators are showing that the rental market has not only remained strong over the past several years, but will continue steady growth over the next decade.

According to a report released recently by the Joint Center for Housing Studies of Harvard University (JCHS), in any given year, some 34 million US households make their homes in rental housing. Their research shows that despite the dramatic rise in homeownership, the number of renter households has held steady over the past decade, and will begin to trend upward over the next decade.

“From a market perspective, rentals are starting to look a lot stronger than they have in the past few years,” offers Rachel Drew of the JCHS. What is fueling this growth in the rental market? With real estate prices rising at record rates over the last year, and interest rates rising at the same time, many people are now finding it difficult to afford the high costs of homeownership. Others simply prefer the more flexible lifestyle that renting offers. From being able to live closer to work, to not being tied down with homeownership and the responsibilities that go along with it.

According to the JCHS continued immigration is another driving force in rental market growth. They report, “Over the coming decade, the continued strength of immigration and growth in the number of young minority households alone should keep rental demand on the rise.” James Smith, an economist at the University of North Carolina-Chapel Hill concurs. “Immigration will remain a source of strength for the rental market for another 15 years or more,” Smith said. The U.S. is currently experiencing “the highest percentage of immigrants since the 1920s,” he noted, and that has stimulated demand for rentals.

Current projections show the number of renter households increasing by more than 1.8 million by 2015. This increase is expected to fuel new construction growth, and increase rental rates, while at the same time reducing vacancy rates.

Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

The state of the economy has made it the perfect time to invest in real estate in the Phoenix Arizona area.  Prices are lower than most have seen in over a decade, which is advantageous to investors. It’s recommended to contact an experienced agent that knows how to negotiate with lenders, because most of these properties are bought either directly through a lender or at auction.  Since many lenders have downsized their staff, you can get responses to your inquiries more quickly by working with a Phoenix real estate agent.

Lenders are being flooded with offers, which means you can purchase real estate at huge discounts.  The prime areas for the best deals are neighborhoods with properties valued below $100,000.  The homes with the most damage are where the real values are.  These are perfect for those who fix up houses for the purpose of resale. If you are an investor, consider lining up your financing before making an offer.  This will help you close more quickly.  Also, many buyers are paying with cash, which may give you the opportunity to purchase real estate at an even bigger bargain.

Buyers that are interested in purchasing foreclosed homes with the intention of living in them are eligible for financing, especially in homes that are in relatively good condition.  Your Phoenix Arizona realtor can help you choose homes that may be eligible for financing.  The federal government will be adding additional help for home buyers interested in purchasing foreclosure properties.  Additionally, the city of Phoenix is planning on using a portion of its area funds to help cover down payment or closing cost on a foreclosed home to qualified buyers.

For those interested in investing in fixer-uppers, your Phoenix realtor can help you find foreclosed properties that can be repaired and resold quickly, before other neighborhood homes fall into foreclosure, which means the price would be undercut. First time buyers of homes receive particularly good values, as homes that may have cost $100,000 a few years ago may now be purchased at half the price.  This is good news for young families wanting to purchase a family home. 

The state of the economy carries mixed blessings.  While it is bad news for many, it is good for anyone wanting a first time home or investment property.  Contact a Phoenix Arizona real estate agent to learn more about area properties and the options available to you. 

Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

A monthly recap of the housing statistics for March in Phoenix and Scottsdale AZ shows there is a monumental shift happening in our market presently so I want to highlight a few things Available supply of Single Family Detached homes had a 5% drop to 36,791. Closings continued their strong upward trend at 7139 in the month of March to drop our overall supply to 5 1/4 months. The last time we had over 7000 sales in a month was in the middle of 2006. Pending sales continue to climb to 12,587, another new high.

Phoenix and the West Valley (Glendale, Peoria, Goodyear) are the best markets in the Valley right now at 4 and 4 1/4 months respectively. The SE Valley Mesa, Tempe, Chandler and Gilbert) at 4 3/4 months is close behind. These markets are all sellers markets! We are seeing a dramatic change in our market. NOW THESE ARE INTERESTING STATS!

We now have 36791 homes available compared to 45707 in March of 2008, a 20% reduction in available inventory. We closed 7139 Single Family Homes in March 2009 compared to 4043 in March of 2008, a 77% improvement! We have closed 16588 homes in the first Quarter of 2009 compared to 9,200 in Q1 2008, an 80% improvement. We currently have 12,587 pending sales compared to 6400 at this time last year, a 97% increase. This also indicates that we should continue to see an increase in closings. I think that we may go over 8000 closings in the month of April. Last year at this time we had a 12 month supply of homes and this year, it has shrunk to 5 1/4 months, a sellers market. When you look at all of the current trends, I think that we are on our way to getting better. It is about time!

Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties