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Category Archives: Careers and Training
Phoenix Real Estate Market – August 2011
(Video Report: Phoenix Real Estate Market – August 2011) July has 8,377 closed transactions as of 8/1/2011. Of those 3,597 (43%) are Bank Owned and 1,991 (24%) are Short Sales. The percentage of distressed sales continues in the 2 out of 3 range. July 2011 had the 4 highest number of homes sold compared to…
MARS Update – July 2011
Big news on the MARS Short Sale front this week, both from the ADRE and the FTC. We’ll probably hear more from ADRE once the Federal announcement gets digested. Here’s an excerpt from the ADRE bulletin earlier this week. Here’s what the FTC had to say. So what do these announcements mean to the agents negotiating short…
Phoenix Business Journal: Residential Real Estate
Warning: Placement of Feathers in Cap Ahead Annually the Phoenix Business Journal publishes their Book of Lists. This is where they rank local businesses based on various criteria depending on the industry. Real estate happens to be a popular industry in our neck of the woods, therefore it receives several lists based on different segments;…
Freddie Mac Short Sale Addendum
Have you seen the changes made to the required Freddie Mac Short Sale Addendum? They’ve recently added three “agents/parties”; seller’s agent, buyer’s agent, and escrow closing agent. All three are required signatories to the addendum. Previously the buyer and seller had to acknowledge and agree to things like; it’s an arm’s length transaction, there are…
HomePath® Buyer Incentive: June 14 – October 31
Fannie Mae has recently announced a special incentive effective with offers submitted on or after June 14th. Fannie Mae is currently offering buyers up to 3.5% in closing cost assistance through October 31, 2011. A $1,200 selling agent bonus is also available to selling agents who close on an owner occupant property and meet all…
Luxury Homes Tour – Paradise Valley / Scottsdale
On June 8th the John Hall & Associates home tour visited Arizona luxury homes in Paradise Valley and Scottsdale. Many thanks to the Eilers Real Estate Team for organizing this monthly event. This month included “gorgeous Camelback pocket listings to sprawling Paradise Valley estates and custom new builds.” Tour Improvements Ever since the Eilers started…
Arizona REALTOR® Quarterly
Just when you thought the only way to read the Arizona REALTOR® magazine was in a digital format, AAR brings back a printed version… with a twist. In a cost cutting/going green strategy last year (or was it the year before?) the Arizona Association of REALTORS® stopped printing their monthly magazine/newsletter to the dismay…
Phoenix Foreclosure Market – June 2011
The Information Market released their greater Maricopa County foreclosure statistics for May 2011. Although April’s numbers were probably more newsworthy with a greater number of foreclosures completed than new notices issued, May’s numbers provide newsworthy occurrences also. It’s time to review the current Phoenix foreclosure market and identify some significant changes that have occurred since…
Phoenix Real Estate Market Report – June 2011
Once again when I ran my initial numbers for May, I was pleasantly surprised. Initial closings for the Greater Phoenix real estate market in May 2011 are 9802, which is within 88 sales of the highest May on record (2005). May 2011 is 5% over April 2011 and 7% above May 2010, which continues 2011’s…
iPad apps for REALTORS®: DropBox
DropBox rocks! It’s an extremely useful iPad app for REALTORS®. DropBox allows you to share/store files online, aka in the cloud! When you install DropBox on your Mac or PC, it creates a custom file folder on your computer that automatically syncs whatever you add to it. All you have to do is save a…
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