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Life

Now is the time to Sell

Phoenix homeowners have kept a close watch on the housing market with a certain air of disappointment. Chances are they had high hopes for their homes. For most people the idea behind home ownership is to buy a home, live there for as long as the location and characteristics of the home suit their lifestyles, and sell the home years down the line while pocketing a little extra built-up equity — or using it to buy a better home. Time is running out to short sale and avoid possible tax liability.

Prices on Downtown Phoenix homes have been steadily rising for the past year. When inventory goes down, prices go up (you probably learned that in your high school econ class) But, that’s not bound to last. Home builders are ramping up quickly. So, the rising prices will level out a little later this year.  People are buying in the late spring and summer for job relocations and to close in time to get kids in to new schools, etc.

So if your looking to sell your home, now’s the time. I truly enjoy helping people make smart real estate decisions. Call today

April 26, 2012by phxAdmin
Life

Plant a Solution

Plant a Solution

Phoenix isn’t just cacti! We’ve got loads of beautiful foliage that can make your home bound for the epitome of curb appeal. The city of Phoenix Parks and Recreation Department in collaboration with the Arizona Community Tree Council is providing free workshops that teach the fundamentals of proper tree planting and long term care.

Downtown

  • April 28, 2012
  • 9 am to 12 pm
  • Phoenix Center for the Arts, room 302
  • Registration Code: 86587

West Phoenix

  • Oct. 13, 2012
  • 9 am to 12 pm
  • Maryvale Community Center, auditorium & multipurpose room
  • Registration Code: 86588

Ahwatukee

  • January 26, 2012
  •  9 am to 12 pm
  • Pecos Community Center, multipurpose room
  • Registration Code: 86590.

Wanna Register? We know you do!

If you have trouble registering please email: Alonso. Avitia@phoenix.gov or call: (602)534-8222

April 24, 2012by phxAdmin
Life

Tweet Up and Support Treehouse Vegan Bakery

THEY’RE FINALLY HERE!

Treehouse Bakery officially starts offering delicious Vegan Treats  Friday, April 20th at their new location, 348 W. Roosevelt St., Phoenix, AZ 85007. The founders of Treehouse just wanted to create options for people in Phoenix. Now they just want to create a neighborhood sweet spot. But you don’t have to wait! We’ve got a special sneak peek for you tonight!

And when you get there tweet @getyourphxcrew and tag your post with #GYP to find other friends and neighbors there or on their way!

Learn about their delicious offerings at http://www.treehousevegan.com/ or their hilarious non-baked goods or if you can’t make it tonight find baked goods on Etsy (under the seller name Treehouse Vegan)

And when it’s all said and done Review them on YELP

Great right?!

April 19, 2012by phxAdmin
Life

Downtown’s New Pet Project

Dog Lovers Unite!

If your and your pooch have been begging (pun intended) for an escape from your usual routine, The Hance Park Steering Committee has recently recommended that the redesign of Hance Park include an off-leash dog park facility. You may remember in early March when plans for a temporary dog park at Margaret T Hance Park were approved. There are currently two locations being scouted for a permanent dog park.

So as you and your pooch start to enjoy the dog days of summer (teehee), think about how dog parks provide a safe, friendly, positive community experience for their users. Not only would this neighborhood addition be a welcome fun spot for, you know, Spot!, but would be an asset to the community at large in the form of a safe, well lit park where neighbors can meet.

Community involvement is just as important as the park itself.  So if you are licking your chops for a dog park  (seriously, I can’t stop) you’re invited to attend the Parks Board hearing on Thursday, April 26th at 5:00p @ PHX City Council Chambers, 200 W. Jefferson.

We also encourage you to write an email of support to the following:

Our councilman:  Councilman Nowakowski at (602) 262-7492 or council.district.7@phoenix.gov

The Chair of the Parks Subcommittee: Councilman Simplot at (602) 262-7447 or council.district.4@phoenix.gov

Phoenix Actiing Parks Director: Jim Burke at james.burke@phoenix.gov or (602) 262-4986

Chair of the Parks Board:  Delia Ortega-Nowakowski at deliao-n@cox.net

SAMPLE copy for email:

I am a homeowner that resides in the downtown neighborhood (you can add your neighborhood here).

I encourage the Parks Board to move forward with the identified temporary location for a dog park in Hance Park between 3rd & 5th Avenues.

I believe this dog park will bring a much needed new energy to Hance Park, attract park users, while giving property owners a new amenity to tout for the area.  In addition, this new park use will attract responsible dog owners to Hance Park, giving more eyes on the park in deterring crime and the transient population, while building community.  The dog park will also increase safety for dogs, and non-dog owners as well.

Please move forward on this ideal location for a new downtown dog park and thank you for supporting this new park amenity downtown.

 

—Thanks to Kate Kunberger for tipping us off to this little treat.

April 17, 2012by phxAdmin
Life, Tips

Staging your Sale

Whether you are short selling or just selling, you will do better if you stage the home. If you are short selling, the better price you bring in, the happier your lender and the sooner you can move on.

Home staging is about illusions. It’s like Houdini, but with selling a house. It’s beyond decorating and cleaning. It’s about perfecting the art of creating moods. Moods that say ‘Buy My House’

Staging makes your house look bigger, brighter, cleaner, warmer, more loving and, best of all, it makes home buyers want to buy it.

Contrary to what you might think, it’s about more than preparing the house for sale. Staging is what you do after you’ve cleaned, decluttered, painted, made minor repairs; it’s all about dressing the house for sale.

  • Fold clean/new towels
  • Buy Scented soaps that match the  bathroom
  • Apply orange oil to cabinets so they shine
  • Put out large bowls of fruit such as polished apples, bright oranges, grapes, etc.
  • Arrange colorful and fun cookbooks on the counters
  • Clean Mirrors
  • Dust your Plants, and remove those that are dead/dying, or put out Silk Flowers
  • Vacuum Floors, Area and Throw Rugs
  • Fluff Small Love Seats and Pillows
  • Fill Baskets with fabric, knitting good, etc.
  • Wipe down outdoor Furniture
  • Alphabetize spice jars.
  • Neatly stack dishes.
  • Turn coffee cup handles facing the same way.
  • Hang shirts together, buttoned and facing the same direction.
  • Line up shoes.

Yes, this seems obsessive but buyer love to snoop.  You want your house to look like their dream home. And if you have any questions about selling your home, call us today at 602-456-9388 and we can make it happen for you!

April 13, 2012by phxAdmin
Life, Market Analysis, Tips

Don’t Sweat the Short Sale

Do you owe more than your home is worth?
Are you struggling to make payments?
Have you been thinking about short selling but don’t know where to start?

Your chance to short sell and still seek tax relief is disappearing quickly. The Mortgage Forgiveness Debt Relief Act allows you to avoid paying taxes on mortgage debt forgiven by your lender.

This relief will only last until the end of 2012.

Short selling is never ideal, but it is a lot easier than it has ever been. The average length of time to short sell has dropped and lenders are getting better about closing short sale transactions.

Here’s a little more background: Since 2007, the Mortgage Debt Relief Act has allowed owners selling their homes through a short sale to do so without having to pay tax on the amount their mortgage holders forgave them. In previous days the money that the bank forgave on the loan would have been considered by the IRS as some sort of income on which you must pay taxes!

That will end December 31, 2012, giving homeowners until the end of this year to get out from under their debt without facing tax consequences.

Real estate brokers and agents specializing in the listing and sale of short sales have become the busiest in the industry. The moral here is that if you are going to do a short sale, do it now.  While most short sales take 3-4 months, some can take longer.  You do not want to be sweating out a December 31st closing.

Call us today at 602-456-9388 and we can make it happen for you!

April 10, 2012by phxAdmin
First Time Home Buyer, Life

Get Prequalified

Many people think “I’ll make an offer on a home and figure out later how I’ll pay for it.” But if you want your offer to be taken seriously and if you want to avoid complications when you close on the home, you must get pre-qualified before you start looking.”

See the image below of the form, below.

Pre-qualification quick but very important as you get ready to make offers. And in this market, where houses are selling in days, you can’t NOT have that pre-qualification form ready.

Why? Because there are 3 people who will benefit from your preapproval: You, your Agent, and the seller from whom you eventually buy a home.

Prequalification serves two primary purposes:

  • It demonstrates to both you (and to sellers) how much house you can afford.
  • It gives you the purchasing power to make a legitimate offer. (In fact, many financial institutions will not accept an offer on a house without a pre-qualification letter.)

But the benefits continue.

A mortgage loan prequalification is simply an estimate of how much house you can afford and how much money a lender would be willing to loan you. The best time to get a prequalification is right at the beginning of your home buying process, before you even start looking at houses. Realtors also prefer that you have a prequalification letter before they start showing houses so they know the price range you have qualified for.

And, in the event you’re competing with multiple offers on your dream home, most sellers will consider offers with prequalification letters before those without. In this market, that’s extra handy. Last year at this time there were about 6,000 active properties, today their are only about 2,000.

The Prequalification process involves either sitting down with a lender or talking with one on the phone, and providing information on your income, assets, debts, and a potential down payment amount. The lender would then provide you with a ballpark figure in writing of how much he thinks you could afford to pay for a monthly mortgage. There is no cost involved and there is no commitment on either side. This estimate is just helpful in helping you figure out if buying a home is a viable option, and if so, what your price range would probably be.

So if you’re thinking of buying a home in downtown phoenix, Call Jeannie! She’ll help you with the whole process.

Or call me for more information about the market: 602-456-9388.

April 6, 2012by phxAdmin
Life, Public Policy

Renovating Phoenix: The Lugo Bakery and W.L. Bobo House

We’ve reached a critical point as a city. Now in our hundredth year, the city of Phoenix has a terrible habit of demolishing it’s own history. Most of our historic properties are gone. As a city we need to constantly work to preserve historic properties in Phoenix.

The Lugo Bakery and W.L. Bobo House are two historic sites, built between 1910 and 1920 looking for investors to save the structures from disrepair. Written assessments have been done on both structures, but they need willing buyers to rescue them.

The Luis Lugo Bakery known originally as the La Pantellera was constructed in 1917. It’s a 2,000 square foot commercial structure, complete with a basement, 1,300 square foot addition, and vacant lot for possible parking. Overall, the Lugo Bakery is in poor condition.

Poor design, haphazard construction techniques,weathering, neglect, and unsympathetic renovations have not been kind to certain exterior building elements which require immediate attention to prevent further deterioration and/or lost of historic fabric. This building is in need of some serious TLC, ranging just under $400,000 according to the Building Condition Assessment Report.

The building has strong potential as an office, art gallery, sandwich/coffee shop, or bakery (duh). The bakery and grocery store was in continuous use for
nearly 50 years. The Luis Lugo Bakery is a rare example of an early Hispanic commercial
property in downtown Phoenix and should be saved

The property has a two story private residence attached, which is also in disrepair. This update is estimated around $170,000

 

The W.L. Bobo House  is in the McKinley Park subdivision. The W. L. Bobo House, a charming Craftsman bungalow at the southwest corner of 13th & Roosevelt Streets, is threatened with demolition.  It’s on a double lot and has a porte cochere on the 13th Street side and a detached garage at the rear. The house has numerous architectural features that set it apart as an unique design. Character-defining features include:

  • Medium-pitched intersecting gable roofs
  • Gables with decoratively cut wood shingle siding
  • Broad porch on stuccoed brick piers, supported on massive, tapered cobblestone bases
  • Cobblestone foundation wall at porch, and battered cobblestone chimney mass
  •  Trellised porte-cochere
  • Double-hung and casement wood windows, some with leaded and beveled glass

It’s a true fixer upper, but the building is in pretty good shape considering it’s from 1912. The house needs new roofing, the foundation needs repair, and some window fixes and a fresh coat of paint would do it some good. The interior needs all new plumbing, heating, electric, and replacement woodwork. Most of the fixes are minor, and according to the  Building Condition Assessment Report the total updates would cost approximately $143,240.  This residence could have a future at a single family home or a business/art gallery depending on the buyer.

Despite the cost , rehabilitating the residence would undoubtedly broaden the historical setting of the Lugo Bakery and Bobo House and add charm to the street scape. Historic Properties like these are priceless to our community’s history and future.

April 4, 2012by phxAdmin

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