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real estate news from the azpropertypro blog


01/12/2015 08:46 PM
FHA Loans are Now More Affordable!!
HUD recently announced a reduction to the Annual MIP rate for loans with terms greater than 15 years, lowering the annual premium by 50 basis points (.50%).  These changes are effective for FHA case numbers assigned on or after January 26th, 2015. What does this mean for home buyers? With this update, FHA has made it less [...]
01/07/2015 07:33 PM
Closing Cost Overview for Home Buyers
It is important for you to be aware of these common closing costs so there are no surprises on closing day. PROPERTY TAXES. Based on the month you close, property taxes will be pro-rated between you and the seller. HOMEOWNER’S INSURANCE. You will be required to pay an entire year’s homeowner’s insurance (hazard insurance) premium at closing. PREPAID [...]
12/12/2014 01:55 AM
Zillow is ALL WRONG! Here’s why
What consumers don't know is that Zestimate valuations are completely off most of the time. In fact, they are off an average of 5%. What can you do to get the most accurate value for your home?
09/22/2014 02:05 AM
Amazing Deal – 3933 W Park View LN Glendale AZ 85310 $262,000 Pool
Contact info: Troy Elston | West USA Realty | 602-740-1035 Beautiful 4bd/3ba Home in Glendale for Sale – Happy Valley and 39th Drive 3933 W Park View Ln, Glendale, AZ 85310 $262,000 KEY FEATURES Year Built: 1992 Sq Footage: 2723 sqft. Bedrooms: 4 Beds Bathrooms: 3 Baths Floors: 2 Parking: 3 Garage Laundry: In Unit Lot Size: 7091 Square [...]
08/28/2014 01:19 PM
Troy Elston’s Red Flags for Homebuyers
Home buying season is upon us, and while some buyers get caught up in the emotions of finding their new home, an important part of buying a home is paying attention to red flags. Red flags are those items that could potentially cost you a lot in the future, or even in the beginning – [...]
07/28/2014 06:59 PM
The June 2014 Phoenix Real Estate Market
Foreclosures are down 40.5% and distressed sales are down 73.9% from that of last year. Are all the good deals gone?
04/18/2014 03:42 AM
Beautiful Peoria AZ Home for Sale in Fletcher Heights
This one just sold! But I can find you an even better deal located in Peoria’s Fletcher Heights today. Similar homes to this one are only minutes away from Arrowhead Mall and the Loop 101! Many Fletcher Heights properties rest on a beautiful over-sized lot with neighboring green spaces everywhere; they feature open kitchen plans, [...]
12/19/2013 05:11 PM
So Long to Mortgage Forgiveness Tax Relief Act (”Act”)
The general IRS rule is that any forgiveness of debt will be taxable.  In response to the housing disaster of the mid-2000’s, the Act was passed by Congress in 2007 to give relief to taxpayers who had debt forgiveness as the result of either a foreclosure or a short sale.  The Act was subsequently extended [...]
10/29/2013 08:06 PM
Metro Phoenix Housing Improves-How Does This Affect The Average Homeowner?
More homeowners are expected to try to sell their home in the next six months. As the supply of properties on the market climbs, buyers will have an easier time finding houses and negotiating prices, real-estate analysts say.The result will be a slowdown in home-price increases. But market analysts say prices will continue to climb [...]
10/30/2012 03:25 PM
September 2012 Market Stats – AZPropertyNews.com Phoenix AZ
· Overall supply (excluding homes already under contract) was down 28% at the start of September 2012 compared with September 2011, and distressed supply was down 63% over the same time frame. · New inventory declined 7.3% to 8,901 in September. This figure [...]

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