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Dalton's Arizona Homes BlogDalton's Arizona Homes BlogPhoenix Arizona Real Estate Blog with market commentary, statistics and other thoughts Articles
Auction Day in Phoenix
2008-03-15 17:09:00 There’s a rather large real estate auction taking place here in Phoenix in just a few minutes, with around 150 foreclosed properties going to the auction block in search of a new owner. I’m sitting this one out as are my clients. There may be some deals to be had today, assuming enough legwork was done a ... More About: Auction
Friday Afternoon Theme Music, March 14
2008-03-14 22:52:00 How is it possible I’ve been doing this for five months and never had Bob Marley music? Listen to enough of the joy coming from your television and it’s easy to get down. This tends to brighten my day. Hopefully it does the same for you. You need to a flashplayer enabled browser to view this YouTube ... More About: Music , Miscellany , Friday , Afternoon , Theme
The Reward for Community Heroes - Lack of Independent Representation
2008-03-14 01:43:00 A couple of weeks ago I chronicled the difference in builders’ attitudes when it comes to specially-designed incentive programs for teachers, police officers, fire fighters and other community heroes or champions. The short version - Pulte gives the above folks an additional $5,000 discount off the price of their homes. Taylor Morrison gives such buyers 3% ... More About: Heroes , Community , Independent , Lack , Reward
Phoenix Short Sale Listings - Unattractive? Maybe. Unethical? Probably not
2008-03-12 20:59:00 If you’ve read this blog for any length of time you know I’m not a fan of short sales for my buyers. The combination of an imaginary list price, fairly minimal motivation on the part of the bank and the extended response periods that can result in unforeseen opportunity costs tend to make a short sale ... More About: Phoenix , Listings , Sale , Unethical , Short
The Games Real Estate Agents Play
2008-03-11 19:57:00 Just for fun … The Virginia Association of REALTORs gets it. It’s one of the few associations around that have adopted blogging as a communication vehicle. And as part of the effort to build traffic, Ben Martin has initiated the first annual Blog Brawl - a contest where you pick your favorite blog in a March ... More About: Games , Estate , Real Estate , Agents , Play
Phoenix Real Estate Inventory Update, March 11
2008-03-11 17:45:00 Inventory has crept up as expected by a net of approximately 200 homes here in the Phoenix real estate market. Sales of single-family detached homes in Maricopa County also improved over last week’s update, up to 2,727 over the past 30 days. The result is an absorption rate of 14.55 months, over a month less ... More About: Estate , Real Estate , Inventory , Update
Bank Owned Homes: Not a Buyers? Market in Phoenix
2008-03-11 17:02:00 If you’ve been following the weekly absorption rate report for the Phoenix real estate market, you know that a 5- to 6-month supply of homes equates to a balanced real estate market where neither sellers nor buyers hold the upper hand. There’s neither an oversupply or excessive demand for homes. Most buyers perceive bank owned homes ... More About: Market , Homes , Owned , Bank
Real Estate Doesn?t Happen in a Vacuum
2008-03-11 08:30:00 Reading the newspapers and listening to the television it may not seem readily apparent that homes are still selling. But they are. It sometimes may seem you are the only party interested in a property. You’re probably not. Another of my buyers had a house bought out from under them; they’re the fourth in the past ... More About: Estate , Real Estate , Vacuum , Real
How Real Estate Agents Get Paid, Part Two
2008-03-11 01:05:00 This afternoon I received a call from John Wake over the Arizona Real Estate Notebook. He had spoken to some folks who wanted to look at homes in Sun City, Del Webb’ original retirement community, this afternoon. Rarely will I make a same day appointment but these folks sounded legit and so I took the chance. ... More About: Real Estate , Agents , Paid
Phoenix Mortgage Rates Report: March 6, 2008
2008-03-10 01:24:00 JD’s NOTE: This came through on Thursday; I just didn’t see it waiting for me. Phoenix mortgage rates skyrocketed this week and are .5% higher than Monday. Two things have driven mortgage rates higher: 1- The threat of inflation is omnipresent in every economic report. 2- Two mortgage companies defaulted on their lines of credit. Remember when I ... More About: Report , Mortgage , March , Rates
Two Housekeeping Items
2008-03-10 01:23:00 Two quick housekeeping items … first, I’ve switched to a different theme so all the fun stuff you’re used to on the left of the blog now is in the first of the two right columns. There was a logical reason for the change - the spacing issues in Internet Explorer were becoming a bear ... More About: Miscellany , Items , Housekeeping
Skipping Daylight Savings
2008-03-09 17:45:00 Since others around the country have taken the time to tell their local readers to change their clocks for daylight savings, I thought I’d take a moment to remind everyone here in Phoenix to leave them be and enjoy the year-round life in Mountain Standard Time (also known as Time Zone 7 on Microsoft products.) Technorati ... More About: Miscellany , Daylight Savings , Daylight , Savings
Guilty Until Proven Innocent
2008-03-09 17:42:00 If it seems like I’m picking on Trulia Voices these days, well, you’re probably right. Yesterday there was a thread asking how to go around a listing agent who “seem to be representing their own iterests vs. the interest of the Bank or the Buyer, on a REO???” More than a half-dozen agents have jumped in ... More About: Innocent , Guilty , Proven
Real Estate Agents Don?t Sell Houses
2008-03-08 20:54:00 … contrary to what this questioner at Trulia Voices seems to believe: “Who sets the standard on how low of a price a realtor can sell a home for that is in foreclosure? In December my neighbor had his home on the market for $304,000. which was average for our area. It went to foreclosure and ... More About: Estate , Real Estate , Agents , Houses , Real
Read the Fine Print About that Phoenix Real Estate Auction
2008-03-08 19:12:00 There’s an auction taking place next week, with 150 foreclosed homes across the Valley up for sale. The initial bid prices are low - in one case, in Wittman, it’s less than 50% of the current list price on the MLS - which means interest is high. But there are some decided differences between purchasing a ... More About: Estate , Real Estate , Phoenix , Auction , Read
Friday Afternoon Theme Music, March 7
2008-03-07 18:17:00 Posts admittedly have been light this week. That will happen with listings come onto the market and buyers coming into town. We’ll be back on the ball by the weekend. In the interim, if you’re near the water enjoy it … I’ll make up for it with a trip over to the Margaritaville Cafe at Glendale’s ... More About: Music , Miscellany , Friday , Afternoon , Theme
FHA Limits Rose ?
2008-03-06 19:36:00 … to $346,250 this morning. Low down payments and loans aren’t fully credit dependent. An option worth considering for move-up buyers as well as the traditional first-time buyers who always have benefited from the FHA program. This news comes on the heels of the extension of the Ameridream program, though which sellers can assist buyers with a ... More About: Rose , Limits
Remembering Bob Moran
2008-03-06 19:29:00 If you grew up reading the sports pages in Mesa or Tucson as either a fan of Arizona State or the University of Arizona, you almost certainly know the name Bob Moran . Coach, as he was known to all, was as intertwined in the rivalry between the two schools as anyone could be without actually taking ... More About: Miscellany , Remembering
Craigslist Can Help Sell Your Phoenix Home, But ?
2008-03-06 17:08:00 One of my sellers and I parted ways yesterday. One of the main reasons was our differing views on how to use craigslist to sell a home here in Phoenix . I enter a listing onto craigslist when the home first goes on the market through the Point-2-Agent portal. He prefers entering daily with different list prices, ... More About: Home , Sell , Craigslist
Anniversary Gifts
2008-03-05 21:19:00 This is what happens when your son is a real estate agent who’s too cheap to spend money on a Hallmark card, much less an actual gift. Then again, what is the gift for a 41st anniversary? I’m guessing tapioca pudding but I really have no idea whatsoever. I originally threatened my mother that I would ... More About: Gifts , Anniversary , Miscellany
Bank Owned Homes - Guarantees Not Included
2008-03-04 22:11:00 Here’s the gist of a discussion I had with one of buyers this weekend when discussing some bank owned homes that we viewed: A bank owned home has been repossessed. It’s like buying a car that had been repossessed. Except with a home, you have the opportunity to have the house inspected by a professional home ... More About: Homes , Owned , Bank
Phoenix Real Estate Inventory Update: March 4
2008-03-04 17:35:00 The Phoenix real estate market is picking up. And if you’re shopping for bank owned homes, you had best be serious from the start. First, let’s take a look back to inventory last year. I often tell you that inventory picks up in the spring as people get their homes on the market in advance of ... More About: Estate , Real Estate , Inventory , Update
Why Rent to Owns Are Terrible Options for Buyers With Bad Credit
2008-03-03 17:53:00 Lease options, a.k.a. rent to own homes, sound enticing. Rather than paying rent strictly to a landlord without any long-term benefit, a portion of your rent and a portion of your deposits are set aside for your eventual down payment. What most people considering rent to own homes miss is the 800-pound gorilla sitting in the ... More About: Credit , Options , Buyers , Rent
Phoenix Mortgage Rates Report: March 3, 2008
2008-03-03 17:14:00 Lock all interest rates at application. The unrest in Asian markets is bleeding to the US and traders are more concerned about the inflation risk than the possibility of a recession. Economists believe that The Fed’s easy money policy is really an investor bailout disguised as a recession aversion. They think it’s ... More About: Phoenix , Report , Mortgage , March , Rates
More Bad Information About Short Sales
2008-03-01 22:54:00 I feel sorry for the folks listening to Phoenix’s KKNT this afternoon during a segment with someone billing themselves as the “short sale shark.” Here were two pieces of misinformation provided in the opening five minutes of today’s segment. Short sales are an exercise in “equity creation.” No, short sales are an exercise in negative equity elimination. ... More About: Information , Sales
To Stage or Not to Stage Your Phoenix Real Estate
2008-03-01 17:19:00 The debate flared again over dinner last night … is it better for a home being sold to be vacant or furnished? And, as always, the answer was “it depends.” Under ideal circumstances, a home for sale should be decorated and staged like a model home at a new build. There’s a reason many homeowners tour ... More About: Estate , Real Estate , Phoenix , Real , Stage
Friday Afternoon Theme Music: February 29
2008-02-29 16:54:00 One of the dangers of writing a real estate blog for many is the tendency to believe one’s own press clippings, to use an old sportswriting phrase. I’m thankful for my readers but I don’t measure the success of this blog by the number of people who have me in their RSS reader or by ... More About: Music , Miscellany , Friday , Afternoon , Theme
Phoenix Mortgage Rates Report: February 28, 2008
2008-02-29 16:18:00 I had a complete meltdown on my Twitter feed, yesterday. Bernanke told the House that he was concerned about inflation but more concerned about a recession. I initially reversed my float recommendation and subsequently changed it back to lock because I thought Wall Street would hate Ben’s remarks; I was wrong. I ... More About: Phoenix , Report , Mortgage , Rates , February
Bank Owned Homes Master List Updated
2008-02-28 18:03:00 One of these days I’ll get an assistant to handle some of these details. In the interim, though, I’ll just work through my schedule as best I can. Showings take precedence over the updates - I’ll do the same for you whenever you’re ready to buy. In any event, the master list of Bank Owned Homes ... More About: List , Master
Quick Widget-Ectomy
More articles from this author:2008-02-28 00:14:00 I feel like Mel Brooks in Spaceballs when his head was placed on his body in reverse. “Why didn’t anyone tell me my ass is this big?” Why didn’t anyone tell me the widget in the left column was showing the wrong information? The old widget was flipping the equation on the U.S. and Canadian dollars, ... More About: Widget , Quick 1, 2, 3, 4, 5, 6, 7 |
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