You never want to pay more and get less home than you have to. Right? Typically, that makes total sense. Everyone likes a deal, too. A blue light special, red dot sale or maybe a clearance rack are places where bargain hunters love to move in for a kill. Many people think that when buying a home it is crucial to get as much bang for your buck as possible. Hard to argue with that, for sure. So they start to crunch numbers and look at price per square foot. They ask their 70 year old parents for … [Read more...]
The Escalation Clause – How to Get Your Offer Accepted
The Phoenix real estate market has heated up for sellers recently and that's making things a little challenging for buyers. If you're buying right now you're likely seeing multiple offers, bidding wars, properties selling for over asking price, appraisal waivers, and all sorts of craziness. As a buyer how do you get your offer accepted? I thought I’d share with you a bit of negotiation strategy that I've pulled out of my arsenal again and used successfully multiple times in the last month: … [Read more...]
Just how big is Maricopa County in Arizona?
I was talking to my dad this morning. As the conversation typically goes, he asked what I have been up to lately and how business is going. I told him I have a house in escrow for a couple that are relocating to the Phoenix Metro area and that it had been a hard process to try to pinpoint an area to live that would work for them since most people don't realize just how big the Phoenix Metro area truly is. My dad has visited Arizona many times. He knows that Phoenix metro area covers a lot of … [Read more...]
Upcoming change to Arizona’s FHA Loan Limit in 2014
Effective January 1, 2014, Maricopa County's maximum FHA mortgage limit will be reduced from $346,250 to $271,050 for Single Family Residence (SFR) home purchases. This reduction applies to all counties in Arizona with the exception of Coconino, where the FHA loan limit will drop from $450,000 to $362,250. What does this mean for buyers? If a buyers offer is under contract and a FHA case number has been assigned by Dec 31, 2013, that buyer will be able to obtain financing up to $346,250. If … [Read more...]
Finally, a Sexy Book about Fixing & Flipping Houses
There's a growing epidemic in this country. Scantily clad woman are on the loose - on billboards, TV, online and in the newspaper - promoting everything from lip balm to tiny foreign cars. I actually heard a radio spot last week with a voluptuous-sounding woman advertising tee times for a local golf course. “Join me for a threesome or foursome,” she said. Yesterday, I was flipping through the channels during the middle of the day and caught a condom ad. Trojan Man, Trojan Man. Things have … [Read more...]
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The Phoenix Real Estate Guy was started by Jay Thompson, and I have a little blogging problem... he liked to say...