Charming Historic bungalow in Coronado

2322 N EDGEMERE ST Phoenix, AZ 85006
WOW- great starter in Coronaado!!!!


Large remodeled kitchen w/large island overlooking open great room with French doors leading to private patio & yard w/canopy of mesquite trees. Kitchen has upgraded cabinetry,and tons of storage.Close to downtown Phoenix. This property is to be sold AS IS & is lender owned.

Call To view your new home!
Linda Wieczorek
602-391-8246 or email AZhomes4u@gmail.com

Willo Historic Real estate

530 W PALM LN Phoenix, AZ 85003 $334,000


Considered one of the most preferred streets in the Willo District! This not so little house is charming like a cottage, but is almost 1800 square feet. Inviting front porch leads into the living room with beautiful wood floors and a brick fireplace. Formal dining room and large family room with a second fireplace are great for entertaining. The eat in kitchen has a modern feel w/SS appliances and a charming built in wine rack. Bathrooms have been tastefully remodeled, and there are warm designer colors through out the home. French doors lead to the covered travertine patio overlooking the large lawn in the private back yard. Inside Laundry! Two car detached garage with plenty of storage. An awesome value in Willo! Not bank owned or a short sale!

Interested in viewing this HOME? Give a jingle or send me an e-mail.

Linda Wieczorek
602-391-8246
AZhomes4u@gmail.com

Deal in the Willow

Does it get any better then this?
67 W CAMBRIDGE AVE Phoenix, AZ 85003 $150,000


Transitional ranch home in the Prestigious Willo Historic District with some great mid-century features. Home is in dire need of rehab. To be sold in AS IS condition, Seller is unable to make repairs. Home will need major overhaul to be liveable. Quiet street on cul-de-sac very close to all of mid -town and down town's amenities. Must have vision as to what this house could be.

Interested in viewing? This one will go fast...
Linda Wiecorek
602-391-8246
Arizona Elite Properties
azhomes4u@gmail.com

18 Really good reasons to bank on the future of the Phoenix area real estate market:

18 Really good reasons to bank on the future of the Phoenix area real estate market:

1. The migration from the Snow Belt states to Metropolitan Phoenix has been unabated for 60 years.
2. A similar extended migration is now occurring from the Northwestern states and Western Canada.
3. The “installed base” of all those migrants brings a steady stream of extended family members.
4. Proposition 13 makes moving up difficult in California; many Golden State sellers buy in the Phoenix area.
5. Californians in pursuit of other objectives — e.g., a friendlier business climate — migrate to the Valley of the Sun.
6. Baby Boomers will retire in droves to warmer climes — the Atlantic coast, the Gulf states and the Southwest.
Among those locales, Phoenix is by far the least prone to natural disasters.
Because of this, people from disaster-afflicted regions have formed a new stream of in-migration.
7. There is a steady migration of new residents from Spanish- and Portuguese-speaking countries south of the border.
8. Phoenix is a destination of choice or the second-landing city for immigrants from all over the world.
9. While higher oil prices will put a strain on our far-flung suburbs, the greatest pain will be felt in Northern states where fuel oil or natural gas are used as heat sources; even people who don’t hate the winter will move to the Phoenix area to escape high heating bills.
10. The Phoenix Metropolitan area is a dynamic jobs creation machine, adding tens of thousand of new jobs every year.
11. People who have or hope to have children move here as soon as they can manage it. Compared to the areas from which many of our in-migrants are drawn, our homes are still very affordable.
12. We build thousands more new homes every year.
13. The Greater Phoenix area has 60 years of sustained practice at managing extreme growth — this in contrast to thrashing cities like Las Vegas.
14. Snowbirds, politely known as Our Winter Visitors, eventually move here year-around.
15. Our first waves of massive migration occurred after WW II; mustered out soldiers who had been stationed here came back with their families; this pattern continues among people who are posted here temporarily for various reasons.
16. People who stay at our resorts often fall in love with the Valley of the Sun and return as soon as they are able.
17. A significant number of active and retired professional athletes maintain homes here, in no small part because the Phoenix/Scottsdale area has…
Year-around golf.
18. It could be there’s too much sun here for congenital cellar-dwellers — but that’s a good thing!
Go Arnold... CA taxed are high...

Will the market conditions continue or will they change?

A little sun or more thunder in this housing market?





Some slowing in foreclosure activity may be seen in the coming months as programs designed to make it easier for distressed homeowners to modify their mortgages ramp up. But, according to ASU’s Realty Studies, “with the extremely weak economy the ability to maintain ownership or to purchase a home will continue to be severely tested, which will further delay any potential recovery.”

What are the bright spots in the Greater Phoenix real estate market?

Median prices fell across the Valley in January, but the declines were less dramatic in some cities. In month-over-month declines (between December 2008 and January 2009) in Gilbert and Chandler, prices fell 1.4% to $197,250 and $204,000, respectively. In year-over-year declines (between January 2008 and January 2009), prices again fell across the Valley, but declines were the least dramatic in Tempe (15.6% compared to Maricopa County’s 39.9%).

The number of homes sold was down across the Valley in January compared to December, but the volume of sales still far outpaced January 2008 – 114.6% more homes were sold in Phoenix in January 2009; that number was 48.3% for Mesa and 33.3% for Gilbert.

What’s happening in the Greater Phoenix condo market?

The number of townhouses and condos resold in Maricopa County fell 15.2% in January to 615 homes (after increasing 27.2% in December). Sales were down in most Valley cities; the most moderate decline was in Phoenix, where sales fell 4.1%. The largest decline was in Tempe, where sales fell 50%.

Median prices fell overall, too, down 11.3% in January compared to December (after increasing 3.1% in December). The smallest declines were in Scottsdale (2.5%) and Gilbert (2.0%). The largest were in Chandler (22.6%) and Mesa (20.4%).

Foreclosed townhomes and condos represented a good deal for buyers in Maricopa County overall, with prices 16.2% lower than on traditionally-sold homes. The best deals in January were found in Gilbert, where the price difference

Greater Phoenix Area January Real Estate Market UpdatePosted

A snapshot of what went on in the Phoenix area real estate market in January.

What specifically happened last month/quarter in this market?

A total of 6,960 resale homes sold in Maricopa County in January, down 6.3% from December but still 65.5% higher than in January 2008. Of the homes sold, 48% were foreclosures (up from 42% in December). Comparatively, in January 2008, 43% of homes resold were foreclosures.

The relatively high number of foreclosures – and the ever-weaker economy ¬– continued to put downward pressure on prices, which fell 8.0% (the same as December’s decline). The median price of $135,335 is 39.9% lower than the median price in January 2008.

Foreclosed homes represented a good deal for buyers across the Valley – particularly in Tempe and Chandler, where the median price of a foreclosed home was 20% and 16% less than the price of a traditionally-sold home, respectively.

Fannie Mae Loosen Underwriting on Mortgage Refinance

Fannie Mae has posted new guidelines for approving homeowners attempting to lower their loan payments with a mortgage refinance.
In a notice posted to lenders yesterday, Fannie Mae announced that they will drop some credit score qualifications, income documentation standards, and even waive the need for appraisals in some scenarios. Changes apply only to those loans owned or guaranteed by Fannie Mae.
Fannie Mae currently holds more than 40 percent of the $12 trillion US residential mortgages and is seeking to streamline the "back-log" of homeowners refinancing. According to Bloomberg reports, Fannie Mae spokesman Brian Faith indicated that this is an adjustment to allow homeowners to take advantage of near-record low interest rates.
Security analysts are concerned about potential harm to mortgage bond investors and insurers. Significant concern surrounds discussions of no-appraisal refinancing--concerns that borrowers with less than 20 percent home equity can forgo mortgage insurance. However, Fannie Mae anticipates using automated valuation models to screen appraisal waivers.
Fannie Mae's changes will allow homeowners to refinance up to 80 percent of the current value of their home with credit scores even below its current 580 minimum. The program will also lower income documentation requirements to a single current pay stub.
Fannie Mae Refi Plus program will expedite a majority of mortgage refinance applications that have surged on record low mortgage rates. This refinancing process will leverage Fannie Mae's automated risk assessment systems to validate market values and credit risk without traditional appraisals, inspections, and income documentation.
The streamlined Fannie Mae program, DU Refi Plus, will begin April 4, 2009. Statements from Faith estimate that this program will potentially aid millions of homeowners take advantage of record low mortgage rate to secure a lower payment.
Fannie Mae Loosen Underwriting on Mortgage Refinance
By: Bill Rice

Selling Smart

Having a tough time selling your home? Bummed in a buyer's market? Check out what you can do to help you get your home sold. You want the buyer to want to jump out of the car to look at your property!!!

1.Evaluate Your Situation
Do you really need to sell? If you love your neighborhood and just need more space, perhaps you can remodel and stay. Or if the market is slow and houses aren't selling, you may be better off waiting or renting your home out.

Whatever your reason, before you even put up the "For Sale" sign, crunch the numbers to see if it makes financial sense to sell your home. These steps will help you figure out whether you should sell or stay

2. Plan Your Selling Strategy
After you've crunched the numbers and decided now is the right time to sell, come up with a strategy to achieve the financial and personal goals. Pricing your home correctly is the most important step in this process and will affect your ability to sell quickly and smoothly, a real estate agent can help you get the correct comps for your neighborhood.

Do your research and be realistic. Know your competition (previously owned homes, new construction, foreclosures) and find ways to make your home stand out. Market your home strategically and effectively and consider offering incentives. Most cities are buyer's markets right now, so your strategy will mean the difference between stale and sold.

The approach you choose depends on your motivation, i.e., how fast you need to get rid of the home and how much money you want to get from the sale. Keep in mind that the longer your house is for sale, the more you'll have to spend.
Choosing the right agent can make or break your sale. First, familiarize yourself with the real estate industry's structure.

Most sellers work with real estate brokers -- real estate agents who are licensed to advertise property on the multiple listing service (MLS), a database that only real estate professionals can access. A seller's agent is called the listing agent.



3.Stage and Show the Home
You have a plan. Now it's time to execute. Prepare your home by cleaning and staging it so buyers can imagine themselves living there. In today's market, open houses and baking cookies are not enough to get buyers interested. Skip the gimmicks and tricks and focus on marketing your home effectively. Technology and the Internet have empowered buyers, so make them work for you too. A clean home will sell faster!!!

Whether a buyer finds out about your house through the MLS, newspaper classifieds, Web sites or word of mouth, your goal is to get them to see your home and make an offer.

*Give your home a fresh coat of paint.
*Replace old siding and roof shingles.
*Remove dated elements like awnings and old light fixtures.
*Sweep the entryway, porch and sidewalks daily. Add an attractive welcome mat.
*Mow and trim the lawn. Add colorful flowers. Invest in shrubbery and other plants that increase your home value.
*Clear the clutter and clean out the gutters and downspouts.
*Clean the windows from the inside and outside.

4.Close the DealYou've done all you can to prepare and show your home. Now you can sit back and watch the offers roll in, right? Not. Offers come in all forms -- from the dreaded lowball to the contingency crazy. The key is to not take the offers personally. They are not reflections of you or your home; they are business propositions.

Review every offer carefully, evaluate the buyer and negotiate terms so you can come to a deal. But a signed contract doesn't mean it's over. You have to pass the appraisal and inspections and negotiate more if needed. Once everyone is satisfied that their terms have been met, you can all sign the paperwork and celebrate.

If you are think of selling your home or know someone who would like to chat, just give me a jingle Linda 602-391-8246

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