Monday, December 28, 2009
2010 Calendars are here!
Email us your address this week 12/28 - 12/31 & we'll send you our 2010 Calendar just in time for the New Year!
Friday, December 11, 2009
Foreclosures lead market
Foreclosures lead market
We’re not out of the woods yet. Not nationwide and certainly not in the Valley. With trillions of dollars of ARMs still to reset in the coming months/years; unemployment still high & the economy far from showing signs of stability and growth home ownership continues to be for a lot of people their most expensive and challenging expense. While in the first phase of the housing debacle we saw subprime mortgages as the culprit, and the fringes of the valley were mostly impacted we’re now seeing the mid and high end markets catching up. In North Scottsdale shortsale listings have increased. Even Paradise Valley is not immune.
Homeowners today are more educated about their options and unlike in 2007 when the “tsunami” as some call it first hit us, today most people are more comfortable with pursuing a short sale vs. simply walking away because they realize the benefits of a successful short sale on their credit, their family, and the emotional turmoil vs. a foreclosure.
To learn more about what other options you have if you are underwater or soon won’t be able to keep up with your house payments drop me a line.
Uzi Husain, CSSN, REALTOR® North Scottsdale Realtor Luxury Homes by Uzi Scottsdale Short Sales & Relocation
Tuesday, November 24, 2009
Recession pushes back Loop 303 timeline in West Valley
My case as to why the west valley cities are still a safe bet for investors although patience is required. Please see the link below for the article about the 303 expansion and what it'll mean for economic growth in those cities, namely Goodyear, Glendale, Peoria and Surprise. The only thing I caution is while the housing driven recession has definitely hurt real estate prices those in the know agree we in the valley, especially the outer bands such as the west valley and far east valley cities have bottomed and as such NOW is the time to buy and hold real property around the 303 belt etc. Monkey see monkey do attitude of the boom years devastated many a households. Where can people get money to invest now you ask when savings is at it's highest and people are out of jobs. Many don't know that you can buy real property, especially investment property through your IRA. For more on that shoot me a note or email for a free consultation along with a certified financial advisor that specializes in this asset class.
Scenic ‘pedestrian beltway' to link 9 parks in the Valley
Now here's another example of a "green" initiative: please click on the link below -
Saturday, November 21, 2009
2863 S. Southwind Dr., Gilbert, AZ | Powered by Postlets
OPEN HOUSE TODAY 1pm - 4pm:
Fabulous New Listing in Gilbert - excellent schools, desirable neighborhood - upgraded
5bedroom home with pool, spa and views!
Thursday, November 12, 2009
Saturday, November 07, 2009
West Valley farmers markets sprouting up for the season
West Valley farmers markets sprouting up for the season
This is my favorite time in the year! The air is crisp and cool and the holidays just around the corner. In greater Phoenix and Scottsdale it means festivals, farmers markets and outdoor activities galore! Check out the link above to the farmers market information - my favorite farmers markets have got to be downtown Phoenix, Estrella mountain ranch, Casa Paloma in Chandler, Biltmore Fashion, and Peoria and Glendale's farmers markets at Parkwest off Northern and the 101 near westgate and at the citadel in Glendale, arrowhead area respectively.
How about yours?
ps. as a Realtor, I also enjoy this season - I don't mind showing homes when it's 60 outside vs. tripple digits on somedays in the summer :(
all the best,
until next time
Thursday, November 05, 2009
Congress giving homebuyers $6,500 tax break
Congress giving homebuyers $6,500 tax break
First Time Home Buyer Tax Credit has also been extended through June 2010!
Thursday, October 22, 2009
Panel approves extension of Loop 202 through Ahwatukee
Panel approves extension of Loop 202 through Ahwatukee
The article above makes reference to how much the Valley has grown and no doubt we need better access and traffic flow connecting Chandler and the east valley cities with the west valley cities. This has been controversial for so long and I'm sure the debate will continue. Some questions that come to mind:
1. What is this going to mean for home owners & home values in both Ahwatukee and Laveen?
2. 2017 is the projected date for completion - traffic and construction nightmares will continue along the route for years to come.
3. While the costs are prohibitive I can't quite understand why they're not looking ahead and building the infrastructure that will also connect the loop 202 to the loop 101 past Tolleson so as to create a wider loop that connects the SW cities of Avondale, Goodyear and Glendale etc.
stay tuned...
Tuesday, October 20, 2009
Scottsdale police warning residents of banking scam
Scottsdale police warning residents of banking scam
On the subject of scams - I think it's appropriate for home owners, especially those with a distressed property (preforeclosure, shortsale etc.) or anyone currently facing hardship and looking at selling their home as a distressed property or doing a loan modification to be very careful of a lot of scams and scam artists out there. When times are hard there's a lot of emotional turmoil that we face and sometimes we just want the easy way out. Just remember something that sounds too easy or too good to be true often is. Consult with professionals for sage advice especially when you're most vulnerable due to hardship conditions and you'll be much better off. Invest a little time today to ward off a lot of loss time in the future in the event you have to fix anything that goes awry if you fall a victim of a potential scam. As a REALTOR with years of experience in successfully listing and marketing homes for my clients and as a practicing Certified Short Sale Negotiator I can tell you Short Sales are definitely moving in the market. Banks have got their "act together" more so now than months earlier. The process is not as cumbersome on the home owner and by hiring a professional you can expect to be guided along the way to make the right decisions for you and your family with the least amount of inconvenience. Fear is our biggest obstacle. Partner with professionals, you wouldn't go to anyone less qualified if you had to do a colonoscopy on yourself or a loved one so why not leverage professional Realtors who have committed countless hours of training and experience to help you in the case of disposing assets as distressed property the right way.
Tuesday, October 13, 2009
Wednesday, September 23, 2009
Short sales not a long shot, experts say
I completely attest to this. I'm finding my short sale listings go under contract within a week at most. Banks are favoring short sales because they net more proceeds. We're also seeing the change in paradigm with regards to credit score. FHA has changed their guidelines to requiring that a borrower who has a short sale on their record can get approved for a new FHA loan 2 years from the date that the short sale was recorded. If you read between the lines that is an indication of the shift in what credit means today.
I'm not a credit advisor and guidelines do change. But in my opinion people are just scared of the unknown. Short Sale's wouldn't be around if they were not a viable option for all parties involved. The best thing to do is consult with an attorney, CPA and a trusted real estate professional, preferably one who has experience with short sales.
The media projects a lot of fear and people who are not in the business and uninformed can also create doubt and angst in your mind. Always consult professionals and make an educated decision.
Uzi Husain, REALTOR, CSSN
Certified Short Sale Negotiator
Keller Williams Realty Professional Partners
http://www.UziHusain.com
Short sales not a long shot, experts say
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I'm not a credit advisor and guidelines do change. But in my opinion people are just scared of the unknown. Short Sale's wouldn't be around if they were not a viable option for all parties involved. The best thing to do is consult with an attorney, CPA and a trusted real estate professional, preferably one who has experience with short sales.
The media projects a lot of fear and people who are not in the business and uninformed can also create doubt and angst in your mind. Always consult professionals and make an educated decision.
Uzi Husain, REALTOR, CSSN
Certified Short Sale Negotiator
Keller Williams Realty Professional Partners
http://www.UziHusain.com
Short sales not a long shot, experts say
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Avondale could be home to TV, movie studio
This is exciting. Please see the link to read details.
Avondale could be home to TV, movie studio
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Avondale could be home to TV, movie studio
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Saturday, September 12, 2009
Thursday, September 10, 2009
Wednesday, September 09, 2009
Tuesday, September 08, 2009
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