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Events GYP, Life

Get Your PHX Family Thanksgiving

Thank you again to Amber Harrold of Camelbackpackers Hostel. Amber and her family put out an incredible spread for us, including local craft beer, wine and even camel-shaped cookies. If she went to those lengths for us, you can feel good recommending your friends to say at CamelbackPackers Hostel when they come through town.

As we roll in to the cooler weather we start to think about family and all of the holidays centered on spending time together.

This month, please join us for our first annual Get Your PHX Family Thanksgiving. You’ve all been so supportive of Get Your PHX and Cenpho businesses for so long that you really are part of the family. So, before you head off for your “other” family dinners in late November, please join your Get Your PHX family for one special thanksgiving meal.

Hob Nobs owners Bob and Sharilyn are preparing a very warm reception for us. In addition to their regular, vast menu of goodies, Hob Nobs is offering a Thanksgiving Sandwich special for just $10 -that’s a turkey and cranberry sandwich and a drink. In addition, they are offering a $1.99 craft bottle of beer, to be announced.

Hob Nobs is also organizing for their most popular musical act, DirtMusic, to entertain us for Get Your PHX. This band has travelled around the world to play its mix of alternative blues and bluegrass. You don’t want to miss this.

And, of course, I will be hosting the monthly raffle. Don’t miss out. Your PHX family misses you!

November Get Your PHX
HobNobs
November. 15th at 5:30
149 W. McDowell Road,  Map It
Phoenix, AZ 85003
November 4, 2012by phxAdmin
Events General, Events GYP, Life

Phoestivus 2012!

PLEASE NOTE: THIS IS A TWO-NIGHT EVENT. DEC. 5TH AND 12.

Friends, it is official. Phoestivus is on and bigger than ever. Not only will we have over 50 vendors. Not only will we have at least 6 food trucks. Not only will we have feats of strength, an airing of grievances and the worlds largest Phoestivus pole (as far as you know).

Not only that, friends. But this:

We will have a Phoestivus beer garden sponsored by the Phoenix Ale Brewery.

But, wait. There’s more!

Phoenix Ale Brewery is brewing a special seasonal ale just for us.

Yes. That’s right. It will be called PHOESTIVUS ALE!

And why do we do this, friends? Why have 180 Degree Automotive, Cenpho.com, Core Crossfit, The Crescent Ballroom, Downtown Phoenix Partnership, the Downtown Voices Coalition, FM Solutions, REALTOR Ken Clark, Local First, New Times, Oasis on Grand and Yelp all joined Get Your PHX to co-sponsor this event?

We have come together to support Community Food Connections, the very folks who bring you the bi-weekly open air market in downtown Phoenix. The market has become our town center and we want it to thrive.

10% of what you spend at Phoestivus on goods and 100% of the proceeds from the beer garden will go to support Community Food Connections.

Put these dates on your calendar. If you are vendor, go to www.phoestivus.com to learn how you can participate.

And most of all, don’t miss it!

Click here to see the full amazing poster design by Christine Cassano.

 

November 4, 2012by phxAdmin
Art, Design, Life, Sustainable Living

monOrchid Spaces Up for Grabs

The folks at Co+Hoots have been temporarily working out of monOrchid for a couple months while their new office digs are finished, further downtown.

We’ve had a great time together, but when they leave there will be a few coveted spaces open around here. This is a great place to work.

I should know, I work here. We have a coffee shop, inexpensive but urban-hip office space, access to specialists in all fields and other amenities.

Check out this PDF document with the expected upcoming vacancies and the prices.

Give me a call at 602-456-9388 for information.

October 3, 2012by phxAdmin
First Time Home Buyer, Market Analysis, Tips

How to Improve Your Swing

For those looking to relieve some pressure from the uncertainty of when to swing their buy-it-now bat and make contact with the house-ball, the number of listings  are creeping up again, wouldn’t you know it. (See the brown line in the “Monthly Average Sales Price” chart below).

Why is that, you ask?

Many people who bought prior to 2005 are more comfortable selling now. And investors who bought those record low prices between 2009 and 2011 have renovated and are now selling. This means a little less pressure.

But, why, exactly? And how much less pressure?
Well, instead of six offers made on any given property within the first 48 hours, there will only be four. I say this slightly tongue in cheek, but really, it may actually take some of the pressure off. If you’ve been feeling like there’s no hope because there are not enough  properties for sale, and even when you find one you like enough to make an offer on there are still so many buyers, stay the course and stay strong.

There is hope!

So there are less offers being made, relieving some of the hopelessness, but then what? What’s the next market trend we can expect to follow this one? It’s not a guarantee, but in my professional opinion (based on this price chart, below), I don’t think we’ll get back up to 3,300 available properties like there were this time last year.

For one, the foreclosures and short sales are gone. That alone will keep things competitive, especially in the central corridor and historic neighborhoods.

Just knowing this going into the market will set things up better for your future house purchase. Now, we can plan accordingly. The listings ball is in motion. Let me help you improve your swing. Together, we can hit this one out of the park.

Give me a call at 602-456-9388.

Kenneth “Ken” Clark
REALTOR(r)
At Your Service!
HomeSmart
Ken@GetYourPHX.com

August 22, 2012by phxAdmin
Life, Phoenix News, Public Policy, Sustainable Living

Go Green Like Your Grocer

Energize Phoenix (not to be confused with the ever creative Ignite Phoenix) and Phoenix Mayor Greg Stanton will unveil “Go Green Like Your Grocer“, a community energy efficiency showcase at AJ’s Fine Foods on Central Avenue and Camelback Road from 11 a.m. to 1 p.m.  this Saturday, June 30.

Why should you attend the Go Green Like Your Grocer event?

Other than hearing the Mayor’s announcement that rebates are doubled, up to $3,000, for the rest of the program?

“We are thrilled to showcase AJ’s commitment to energy efficiency and officially name them an Energize Phoenix Energy Saving Superhero,” said Mayor Stanton.  “Our goal is to encourage residents within the Energize Phoenix Corridor to complete a free home energy check-up so they can save money by saving energy and contribute to a sustainable community.”

What is Energize Phoenix?

“The city of Phoenix was awarded a $25 million federal grant from the U.S. Department of Energy Better Buildings Program and the American Recovery and Reinvestment Act (ARRA) to launch, in partnership with Arizona State University and Arizona Public Service, “Energize Phoenix,” a project that will save energy, create jobs and transform a diverse array of neighborhoods along a 10-mile stretch of the light rail line.” ~ energizephoenix.com

In addition to being a visible support of our great Phoenix community, applauding the energy saving efforts of Mayor Stanton, Energize Phoenix, and fine examples like AJ’s, you’ll be energizing your own awareness of the cool savings to be had this  monsoon season and through the year.

“Did I mention APS will be on-site giving away a free CFL bulb to attendees, as long as supplies last? Or that in a lot of cases double rebates will pay for 100% percent of energy efficiency project costs?” ~ Ken Clark 

(If you can quote yourself, you know you’re onto something good, right? 🙂

Energize Phoenix offers cash incentives and financing to help pay for energy saving projects for homes and businesses located within the Energize Phoenix Corridor, a 10-mile stretch (PDF) along the light rail line.

Get the full skinny in the Energize Phoenix Press Release.

June 29, 2012by phxAdmin
First Time Home Buyer, Public Policy

HUD rescinds July 1 Collections Requirement

According to our friend Jeannie Bolger, Sr. Loan Officer for Nova Home Loans:

Back in April the Federal Housing Administration announced they were going to change the requirements for all FHA buyers with $1000 or more in collections–anyone with unsettled, unpaid, or unresolved disputes–must be paid in full.  The requirement was scheduled to start this Sunday, July 1st. But as of HUD’s June 15 Mortgagee Letter, they have rescinded the requirement.

What was the new July 1 requirement going to mean to home buyers who plan to use low-down-payment FHA financing, other than making it more difficult for everyone to get FHA loans? For one, it was going to complicate the process of qualifying for an FHA loan. (As if borrowers did already have enough problems with approval delays!). It would have likely reduced the qualifying amounts.

Unfortunately, many lenders wrongly pre-approve borrowers because the loan officer wasn’t paying close enough attention to things like these new, often overlooked collections requirements. This leads to borrowers getting denied on purchasing a home while they are still in escrow. Which means their earnest money is in danger of being lost.

All because of something most people are unaware  of that’s tucked away in their national credit bureau files: Medical bills, old student loans, retail purchases, any debts reported as unpaid. It wouldn’t have mattered if these debts were incorrectly reported to collection agencies, or if the borrower had currently high credit scores and income.

“Fortunately, these new collections requirements have been rescinded. The current guidelines are as follows”,  said Jennie Bolger.

Collections:

Manually Underwritten Loans

Collections indicate a borrower’s regard for credit obligations, and must be considered in the creditworthiness analysis. The lender must document reasons for approving a mortgage when the borrower has collection accounts. The borrower must explain, in writing, all collections. FHA does not require that collection accounts be paid off as a condition of mortgage approval.

TOTAL Scorecard Accept/Approve Recommendation

Collection accounts trigger neither an explanation requirement nor a hypothetical monthly payment to be used in qualifying borrowers. The presence of collection accounts in the borrower’s credit history already result in lowering the credit bureau scores used in TOTAL and, thus, no further information need be provided by the borrower.

Disputed Accounts:

TOTAL Scorecard Accept/Approve Recommendation

If the credit report reveals that the borrower is disputing any credit accounts or public records, the loan must be downgraded to a manual underwriting review by a DE underwriter–

[A company with a Direct Engagement (DE) underwriter has the ability to endorse the application package and approve the loan.]

–unless any of the following circumstances apply to the disputed account:

o It has a zero balance

o It’s marked as “paid in full” or “resolved”

o It’s less than $500 and more than 24-months old

Nova Home Loans has a Credit Services Department that can—for free–assist you with any Collection, Charge-off, Disputed Account and Judgment questions; and help you get your FHA/HUD loan approved.

Please call Jeannie Bolger, Sr. Loan Officer for assistance. 

Jeannie Bolger, Sr. Loan Officer

Licensed Mortgage Consultant #194387
Nova Home Loans
2850 E. Camelback Road, #270
Phoenix, AZ 85016
602-550-8674  Mobile
602-385-4812  Office
602-464-7322  Direct Fax
jeannie.bolger@novahomeloans.com

 

June 26, 2012by phxAdmin
Life, Sustainable Living

Celebrate Your Independents! July 1-7

Not only will we be celebrating our independence come July, but we’ll also be celebrating independents. That’s because July 1 through July 7, 2012 is the 10th anniversary of National Independents Week (or “Indie Week” if you’re cool). This is the week that everyone is encouraged to shop locally and support independent businesses.

A great place to start is by visiting Local First Arizona where you can find a directory of local business and learn how to “Shift the Way you Shop”. According to the website, for every $100 spent at a locally owned business, $73 remains in the local economy and $27 leaves . In contrast, when you shop at a business that is not locally-owned, only $43 remains in the local economy and $57 leaves.

Shopping local re-circulates your money over and over, creating more tax revenue to the state and your community. Not only do local businesses help to drive the economy, but they also support sustainability and add character and uniqueness to the community. You’ll also probably get better and more personal service.

In honor of Independents Week, Local First Arizona is offering a “Golden Coupon” where you can get 20% off at participating local establishments.

So, go ahead and take the pledge to shop locally and support your community merchants. Then head down to the farmer’s market, the Melrose District or your favorite local restaurant and help build our economic independence during Independents Week.

 

June 1, 2012by phxAdmin
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, 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
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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