11. June 2008 by TeriE.

Many buyers apparently seem to think that prices will continue to go down. There are so many opportunities. Now is the time to find your investment property, purchase your first home, or buy your retirement home.

Our active listings are going down - yesterday to 52,863, and our pending (under contract) are going UP. Yesterday, 7,402.

Don’t wait until it’s too late! For horse properties, check out Waddell, in the far west valley, at the base of the White Tank Mountains. If you’re looking for acreage, irrigated and at great prices, be sure to include in your search. Whether it be a townhome to fix up, furnish and rent out, or a home in which to retire, the prices may NEVER again be this good!

Give me a call ~ I’ll help you find that perfect property.

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14. May 2008 by TeriE.

Comparing the Phoenix, Arizona Valley Market April 2008 home sales with April  2007 5,586 homes sold in 2008, and 4,855 in 2007. Today there are 54,305 active listings - 2074 less than two months ago - and 7,477 pending (or under contract) today - 1,822 more than on March 14.

Banks are aggressively trying to offload foreclosure and bank owned properties as quickly as possible, and investors are also getting back into the game according to an Arizona State University Report in today’s East Valley Tribune.

Each day since the beginning of the year, our inventory continues to go down and our pending goes up. This is exactly what happened in 2004 until in January 2005, we had less than 7,000 active listings in our Phoenix Multiple Listing Service.

The message for qualified buyers waiting for the market to bottom out? There may never be another buyer’s market like this one. Give me a call so I can represent you in your purchase of a new or resale home at: 480.216-3334.

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8. May 2008 by TeriE.

In the Phoenix Valley, there are so many new home builders with builder agents ready to assist you, that it doesn’t occur to many homebuyers - that THEY need a professional Realtor to help them with the transaction and purchase of a brand new home. I’ve listed just “some” of the reasons I believe that a buyer needs a professional Realtor to help them purchase a resale or new home, or sell their home.

For instance:

1.  Buyers, are you aware that the agent sitting at the new home site works for and represents the builder? They do not represent you as the buyer. So that means, if there are any misunderstandings or concerns on your part, that you - alone - must work it out - somehow - with the builder. I have sat in many new home sales transactions where the builder’s agent will say: “I do not represent you - I represent the builder.”  It’s a disclosure to you, the buyer.

2.  Are you aware that the builder pays the agent? It has no reflection on what you pay for the home - that commission is paid by the seller (builder) to the buyer (your agent) agent.

3.  Are you aware that if you walk into a new subdivision to just check out the models, that you will no longer be able to have buyer representation? Many times, without thought, the looker/buyer signs a little card with their name and address. The builder then keeps track of who has been in their homes. That prevents you from bringing in a Realtor to represent you.

4.  Are you familiar with all of the builders, their customary practice, their customer service, the reputation of the builder? Do you think this might be important to you, the buyer?

5.  Are you aware, as a buyer, that the builder has their “own” contract? It is not the one that has been sanctioned and is used by the Arizona Association of Realtors and is used always or almost always, on a resale contract. Many builder contracts (most) are slanted to favor the builder - not the buyer.

Bottom line: if you are not a professional Realtor, and familiar with the basics of building a new home, your rights, your remedies - never mind the recommendations made by a Realtor as to the areas that could be affected by potential freeways, potential growth, etc., then my suggestion: find yourself a professional who you feel comfortable with, trust, and one that knows the builders, the areas, and will be of assistance to you in deciding which floorplan and why, how many bedrooms, garage size, lot size and location, etc.

The market is turning. Don’t wait too long because many of the builders are offering great incentives to buy their homes. Granite countertops, appliances, landscaping, and huge discounts for their inventory homes. Call me…….I’ll be happy to help you find your next home - and list the one you live in, marketing it all over the internet as well as the MLS.

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25. April 2008 by TeriE.

Several builders have either filed a bankruptcy or walked away from completing their planned communities or finishing homes. This information is generally available on the Department of Real Estate website, and is frequently published in the paper.

Please be especially vigilant when just popping into a new subdivision and signing away. Be prepared to work with a real estate professional who can better counsel and advise you on your choices. They should be aware of the goings on in the Real Estate community.

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13. April 2008 by TeriE.

Perhaps you’ve missed Arlington!! There isn’t much there, but alphalpha fields, horses, cows, and water. Located just 14 miles south and west of Buckeye, this will surely be a place to “get away,” at least for now. If you’re looking for lots of vacant land, irrigated, with grandfathered water rights, give me a call. There’s not much written about Arlington, but if you have ever been there, you would remember this quiet, rural area. Mountain views, plenty of water, and a place to invest in - now. Call me at: 480.216-3334….or call Bing at: 602.370-1382. He has more than one parcel available for sale at an unbelievable price. Take the 10, go south on Old Highway 80, and soon you will be in Arlington. Let me know what you think!

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5. April 2008 by TeriE.

Be sure to check out this home located in west Phoenix adjacent to the White Tank Mountains. It is a beautiful three bedroom, three bath home located on almost two acres. http://www.postlets.com/res/590069

This is just one of many available in our county. If you are looking for a horse property that is irrigated, and you are looking for lots of land, give me a call! 480.216-3334.

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28. March 2008 by TeriE.

I personally am aware of many properties, affordably priced, available to purchase in the east valley. Many of the second homes and retirement homes are available in the East Mesa area. Keep in mind, that many of the communities do not allow large dogs. Pets that are smaller than say, 30 pounds, and are house pets typically are accepted. Give me a call at: 480.216-3334 for more information and so I can help you find that home that will suit your needs.

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28. March 2008 by TeriE.

If you, or anyone you know, is looking for a property with acreage, with irrigation and with corrals for horses and/or cattle, give me a call. They are located throughout our Phoenix Valley at affordable prices. Don’t wait too long, since the values are here now. From the West to the East, they are competitively priced - and, many times, the seller is willing to negotiate.

Call: Teri @ 480.216-3334.

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20. March 2008 by TeriE.

Just heard on the news that our population grew in excess of 100,000 in 2006-2007, and we now have around 3.5 million people. As a Realtor, this does not surprise me in the lease. Why wouldn’t anyone want to live in Arizona? Just this week I’ve spoken and met with people from Michigan and Connecticut and Canada. They want to have a place to live during the winter months. It’s funny. I tell them how cold our winter has been and they just chuckle. I’ve included an excerpt from the Arizona Republic which will come out tomorrow:

“The U.S. Census Bureau estimates that Maricopa County had a net gain of about 102,000 people from July 1, 2006, to July 1, 2007, for the biggest numeric gain of any county in the country. Pinal County gained an estimated 30,930 residents during that period and was the nation’s third-fastest growing county with an increase of 11.5 percent. Seventy of the 100 fastest-growing counties from 2006-07 were in the South, with 22 in the West and eight in the Midwest. The Census Bureau also estimates Maricopa County had the largest number of new residents from 2000 to 2007, adding 808,000 people. Pinal County was the fourth fastest growing county in the country during the time, growing 66.5 percent from 179,715 residents to 299,246. ”

Give me a call…….I’ll show you some great communities and homes!

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18. March 2008 by TeriE.

Beginning on May 1, 2008, Phoenix-Mesa Gateway Airport will charge $5 for overnight parking. The airport is expanding its services, and the $5 fees will enable it to generate substantial income to better serve the airport.

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