Well this info comes late for a few people I have talked to over the last few months, but I am not sure how much help they can provide, if any of you from cyberspace use this please email or call me so I can post your outcome.
Forclosure HELP Hotline
Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572
p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!
Thursday, May 29, 2008
Thursday, May 22, 2008
Our family will be away from computers and phones for several days over the holiday weekend! Should be an experience, we'll have to report back once the weekend is over, provided we aren't buried in paperwork awaiting us on our return!
I'll be back in the office on Tues, don't hesitate to call!
Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572
p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!
I'll be back in the office on Tues, don't hesitate to call!
Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572
p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!
Phoenix Resale Prices could fall to 2002 Values, see article here
well here's a NEWSFLASH, in alot of areas they already have! I have been showing homes to clients where a listing price today was considerably under what they were originally sold for 6-8 years ago, I can't believe as I walk thru these houses that after 10 years in real estate I would see home values this LOW ever again.
Here's comments from another reader of Catherine Reagor's BLOG regarding the above article (I full heartedly AGREE);
posted by Darrell2230 on May 23, 2008 at 12:00 PM
MIGHT fall to 2002 levels? Ya think????
Come on people. Affordability. Price/rent. Supply/demand.
This is basic econ 101 stuff.
OF COURSE we're going back to pre-bubble prices. And the sooner we get there, the better, because that is when builders will FINALLY stop adding more inventory to our already HORRIDLY oversupplied market.
A recent article I read explained how Realtor incomes have been affected, after being a 10 year veteran in the Phoenix market, I can tell you from the experiences I have and continue to have that we have all been thrown a HUGE curveball! Those of us who LOVE and live for change, who learn from it, master it and grow from it ~ will stay in this fantastic business. I have no plans to go anywhere, just business plans being re-worked.
Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572
p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!
well here's a NEWSFLASH, in alot of areas they already have! I have been showing homes to clients where a listing price today was considerably under what they were originally sold for 6-8 years ago, I can't believe as I walk thru these houses that after 10 years in real estate I would see home values this LOW ever again.
Here's comments from another reader of Catherine Reagor's BLOG regarding the above article (I full heartedly AGREE);
posted by Darrell2230 on May 23, 2008 at 12:00 PM
MIGHT fall to 2002 levels? Ya think????
Come on people. Affordability. Price/rent. Supply/demand.
This is basic econ 101 stuff.
OF COURSE we're going back to pre-bubble prices. And the sooner we get there, the better, because that is when builders will FINALLY stop adding more inventory to our already HORRIDLY oversupplied market.
A recent article I read explained how Realtor incomes have been affected, after being a 10 year veteran in the Phoenix market, I can tell you from the experiences I have and continue to have that we have all been thrown a HUGE curveball! Those of us who LOVE and live for change, who learn from it, master it and grow from it ~ will stay in this fantastic business. I have no plans to go anywhere, just business plans being re-worked.
Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572
p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!
Monday, May 19, 2008
While an article I posted days ago stated that we were at the bottom of the market, it's important to remember that was a national glimpse of the market. Real estate is local, and I believe this article is much more close to home.. view here
Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572
p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!
Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572
p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!
Thursday, May 15, 2008
For a weekly updated list of all homes with foreclosure dates set just revisit us weekly. Then simply click the link provided in previous sentence.
Also see the weekly sales update to keep fresh on the current market and pace of home sales.
We currently have almost 65,000 active listings on the market, this translates into a 10-12 month market with only 4% selling monthly, homes which are aggressivley priced will sell, others will remain on the market until sellers reduce prices to entice buyers to look & ultimately make a decision. (this graph will be updated within a week or so, pending sales are up a bit but 90% of the activity is within the foreclosure market where there are no sellers living in the home to make a move up purchase within our market)
Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572
p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!
Also see the weekly sales update to keep fresh on the current market and pace of home sales.
We currently have almost 65,000 active listings on the market, this translates into a 10-12 month market with only 4% selling monthly, homes which are aggressivley priced will sell, others will remain on the market until sellers reduce prices to entice buyers to look & ultimately make a decision. (this graph will be updated within a week or so, pending sales are up a bit but 90% of the activity is within the foreclosure market where there are no sellers living in the home to make a move up purchase within our market)
Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572
p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!
Wednesday, May 14, 2008
INVESTORS - URGENT COMMUNICATION
(this was sent to me by a loan officer I know, Barbara Heiser of Amerifirst Mortgage; her contact info is below)
Attached is a recent communication from Freddie Mac. Effective August 1, 2008 both Freddie Mac and Fannie Mae will NO longer allow financing where a borrower owns more than 4 financed properties, the previous number of properties allowed by Freddie/Fannie was 10. This is a significant change and will impact anyone who has 4 or more financed properties.
If you are an investor or if you or someone you know owns more than 4 properties it is critical to immediately consider the following:
1. If you own more than 4 financed properties and any of your loans are on an adjustable rate you have a 45 day window to get those loans refinanced to a 30 or 15 year product. If you do not do this now you could be stuck with an adjustable rate loan indefinitely. If the terms on your adjustable rate are not good then the impact could be disastrous long term
2. If you are looking to purchase a property you need to do it now! If you already own 4 or more properties and are looking to purchase a new one and wait you will find it much more difficult to obtain financing and will most likely encounter higher rates and greater down payment requirements for using a bank that does not follow Freddie Mac and Fannie Mae’s guidelines.
I am here as your resource and will be happy to provide assistance with refinancing or qualifying to purchase today. Please forward this communication to everyone you know. Most lenders are not even aware of these changes and I want everyone to have a fair chance to get their financial house in order before it is too late.
Please call Barb Heiser with any questions, Amerifirst Financial, 1910 S. Stapley Dr. #209
Mesa, AZ 85204
Business: 480-682-6605
Cell: 480-993-6717
Fax: 480-304-9118
E-Mail: bheiser@amerifirstloan.com
Web: www.TheHeiserTeam.com
Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572
p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!
(this was sent to me by a loan officer I know, Barbara Heiser of Amerifirst Mortgage; her contact info is below)
Attached is a recent communication from Freddie Mac. Effective August 1, 2008 both Freddie Mac and Fannie Mae will NO longer allow financing where a borrower owns more than 4 financed properties, the previous number of properties allowed by Freddie/Fannie was 10. This is a significant change and will impact anyone who has 4 or more financed properties.
If you are an investor or if you or someone you know owns more than 4 properties it is critical to immediately consider the following:
1. If you own more than 4 financed properties and any of your loans are on an adjustable rate you have a 45 day window to get those loans refinanced to a 30 or 15 year product. If you do not do this now you could be stuck with an adjustable rate loan indefinitely. If the terms on your adjustable rate are not good then the impact could be disastrous long term
2. If you are looking to purchase a property you need to do it now! If you already own 4 or more properties and are looking to purchase a new one and wait you will find it much more difficult to obtain financing and will most likely encounter higher rates and greater down payment requirements for using a bank that does not follow Freddie Mac and Fannie Mae’s guidelines.
I am here as your resource and will be happy to provide assistance with refinancing or qualifying to purchase today. Please forward this communication to everyone you know. Most lenders are not even aware of these changes and I want everyone to have a fair chance to get their financial house in order before it is too late.
Please call Barb Heiser with any questions, Amerifirst Financial, 1910 S. Stapley Dr. #209
Mesa, AZ 85204
Business: 480-682-6605
Cell: 480-993-6717
Fax: 480-304-9118
E-Mail: bheiser@amerifirstloan.com
Web: www.TheHeiserTeam.com
Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572
p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!
Wednesday, May 07, 2008
Read what will be a well traveled article, The Housing Crisis is Over? then see the comments here... page 1 & page 2
I can tell you from current activity within my business that I dont believe this summer the market will move enough to begin correction. There are more homes selling but it's mainly foreclosed homes at sales prices that make the market move.
Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572
p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!
I can tell you from current activity within my business that I dont believe this summer the market will move enough to begin correction. There are more homes selling but it's mainly foreclosed homes at sales prices that make the market move.
Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572
p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!
Thursday, May 01, 2008
Here's some great values we've been seeing...
2337 sqft for $214,900 almost brand new home in Highland Groves
2112 sqft for $154,000 with granite and great upgrades in Queen Creek
2898 sqft for $430's Higley Groves West
2400 sqft in Copper Basin for $144,900, I'd live in this one
3871 sqft in Cortina for only $264,900, nice home needed some paint
there's many more out there- call us so we can help you find your next home!
Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572
p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!
2337 sqft for $214,900 almost brand new home in Highland Groves
2112 sqft for $154,000 with granite and great upgrades in Queen Creek
2898 sqft for $430's Higley Groves West
2400 sqft in Copper Basin for $144,900, I'd live in this one
3871 sqft in Cortina for only $264,900, nice home needed some paint
there's many more out there- call us so we can help you find your next home!
Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572
p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!
Foreclosure or Short Sale, which is best to buy?
Foreclosures
vs.
Short Sales
Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572
p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!
Foreclosures
vs.
Short Sales
Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572
p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!
Subscribe to:
Posts (Atom)
