Phoenix Area Real Estate

One of the more confusing things for buyers and sellers of real estate is escrow.  We always try to point out the important aspects and timing, so that all transactions go as smoothly as possible.  Here is a basic primer to assist with that.

An escrow is a neutral, independent account created to process a transaction such as a sale or loan.  It protects the interests of all parties involved and favors neither the buyer nor the seller.  An escrow is created after the Purchase Contract is executed and becomes the depository for all monies, instructions and documents pertaining to the transaction.

We often get questions

We are proud to announce that this Saturday, October 20, 2007, 12:00 PM to 4:00 PM we will be hosting an Open House at 7764 E San Miguel Ave. in Villa Antano, Scottsdale. This is an opportunity to visit this excellent Patio Home for sale in beautiful Villa Antano. Please come with any questions you may have. In the meantime you can take a virtual tour of this Villa Antano Patio Home for sale. As always please do not hesitate to give me a call at 480.344.4419 if I can answer any questions before the open house, or if you would like to book a private showing. Adam P. Tarr, ePRO & Sharon Kotula, ABR RE/MAX Excalibur

We all know that real estate has taken a beating across the nation in the past couple of years.  It could even be said that the Phoenix area could be the poster child for what has happened.  After all, the Phoenix metro area had over 50% appreciation in 2004-2005 for the highest in the country.  The old adage of the bigger they come the harder they fall, could hold true.  (Keep in mind that if we had continued at the more normal pace we were on of 7-8% per year, we are just about where we should be now.) Despite that, there are still lots of positives for the Phoenix market.  Nobody can say for sure if pricing has hit bottom, but there

Just like Dorothy on a dream trip to OZ, many people venture to the Phoenix / Scottsdale area in the winter in search of their dreams as well.  Usually dreams of cars and golf.  Sounds of lions and tigers and bears - Oh My, are replaced with Cars and Golf and Football - OH MY!!!  Yes, this year it is football too, with the arrival of Super Bowl XLII.

Thousands of people come from across North America and around the world to visit the Valley of the Sun every winter to see or participate in the many car auctions including Barrett Jackson, Russo and Steel, RM, Kruse and Silver.  In addition around the same time is the FBR Open (Formerly

We are proud to announce that this Saturday, October 13, 2007, 12:00 PM to 4:00 PM we will be hosting an Open House at 7764 E San Miguel Ave. in Villa Antano, Scottsdale. This is an opportunity to visit this excellent Patio Home for sale in beautiful Villa Antano. Please come with any questions you may have. In the meantime you can take a virtual tour of this Villa Antano Patio Home for sale. As always please do not hesitate to give me a call at 480.344.4419 if I can answer any questions before the open house, or if you would like to book a private showing. Adam P. Tarr, ePRO & Sharon Kotula, ABR RE/MAX Excalibur

Many people don't realize that they have choices regarding how to take title to property in Arizona.  Arizona is a community property state, but that doesn't mean that is the way you must take title to a home.  We can't really advise you on the best way to take title, for that you should consult an attorney. But the following are general explanations of ways to take title.

Community Property: Only persons married to each other may own real property as community property.  Each spouse owns an undivided one-half interest in their community property.  Each spouse may provide by will for the disposition of his or her community

There were 11 homes sold in Desert Ridge in September 2007, with an average listing price of $628,154 and an average sale price of $617,527.  Sale prices were 98% of list prices.  Sold Price per Square Foot was $226.62.  The range of sold homes was $345,000 to $1,059,900.  As of October 1, there are 17 pending or contingent homes under contract.  As of October 1, there are 136 active listings with an average list price of $743,063 and average list $/sq.ft. of $242.51

 

As expected, closings were down almost half from the previous month.  As we pointed out last month, pendings were low, which resulted