Blog Archives

Have you Been Tortured by a Lender?

Lenders have put some borrowers through the ringer due to enhanced underwriter guidelines. Although better qualified buyers are a good thing, idiotic and illogical requirements delay the process and make an already stressful process worse. Karen Deis, the operater of MortgageCurrentcy.com, has collected dozens of these tales of woe on her Facebook page. These stories […]

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Do You Know Who Dominates Our Trade?

Want to show your smarts? Try asking someone this question: who is the United States’ number one export partner? My guess is they will say China, Japan, Europe and depending on what part of the country you’re in, maybe Mexico. But the answer is in fact Canada. Although it may seem like trivia, the question […]

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Remodeling Pays Off

People are putting money into their homes again now that values are rising. Of course the declining values didn’t stop remodeling, as owners without equity decided to stay put and improve rather than do a short sale. In any event, owners can significantly recoup their costs if they do certain remodels now and sell later, […]

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Porn in Your Real Estate?

It has been said that there is nothing more popular than porn on the internet. There are also photos of homes, buildings, and other unique architecture available on the web. But is there a place where pornography and real estate have been combined? You would think so with all of the real estate related web […]

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Cross Border Banking Makes Owning a Home in Arizona Simple

Typically Canadians or others from other countries owning residential property here in Arizona need banking services. This is especially critical if the home is rented periodically as there will be income and expenses. The ability to deposit funds and write checks from a U.S. bank greatly facilitates property management activities. Using a credit card from […]

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Go To the SimplySOLD Library and Learn About International Buyers

As a Certified International Property Specialist, I have learned a lot about doing business with foreign buyers of Arizona real estate. To increase my knowledge of the Canadian consumer, this summer I became a member of the Canadian Snowbird Association (“CSA”). CSA is a nonprofit advocacy group which represents the interests of Canadians traveling to […]

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Renovation Funds are Available from FHA

Did you know the government will give you the money to renovate a FHA home? One of the most overlooked FHA programs, the 203(k) loan, can help if buying a home that needs work using a FHA loan. 203(k) loans are the Department of Housing and Urban Development’s (HUD’s) primary program for the rehabilitation and […]

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Is Your Agent Disloyal? (Part 5) – A Solution to Dual Agency. √

In my previous blogs, I have shown that dual agency is bad for you as a consumer of real estate services. Exclusive, single agency is in your best interest as a buyer or seller, as then your real estate agent is in fact “yours,” and his or her loyalty is not divided between you and […]

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Dual Agency – Bad for Agents Too? (Part 4)

By popular demand, my three-part article on dual agency entitled “Is Your Agent Disloyal,” has been expanded to deal with two remaining important subjects. This blog will discuss how dual agency is also bad for agents and their brokers, and the last article in the series will offer my solution to the problem. In the […]

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Is Your Agent Disloyal? (Part 3)

This is the third of a three-part article on dual agency, a form of representation by real estate agents. Dual agency involves “your” agent representing your adversary in a real estate transaction, as well as yourself. I have shown that it is good for the agent, as it results in him or her getting paid […]

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Is Your Agent Disloyal? (Part 2)

In part 1 of this series, I revealed that dual agency results in a real estate broker getting paid double for being disloyal. Dual agency occurs when “the agent acts for both of the principals at the same time in the same transaction.” In other words, it occurs when your real estate representative also represents […]

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Is Your Agent Disloyal? (Part 1)

How would you like it if you were in a lawsuit, and your attorney at trial, after arguing on your behalf, got up and moved over to the other side’s table, and then started arguing the case against you? You wouldn’t. Would you choose that over representation of you alone? Of course not. But in […]

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Its Time to Borrow!

Freddie Mac reported that mortgage rates set new record lows the first week of September. Rates on 30-year fixed-rate mortgages averaged 4.12%; the lowest since 1971. That’s down from 4.22% the week before, and from a 2011 high of 5.05% in February of this year. Rates on 15-year fixed-rate mortgages averaged 3.33%, down from the […]

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The Newest Phoenix Area Facts and Figures

The latest market analysis (for May 2011) was released by our local Multiple Listing Service. The good news is that sales are up over last year, with about 9,000 homes sold for three months in a row. This is due to the record affordability of housing in the metropolitan Phoenix area. Another good sign is […]

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Foreign Ownership in U.S. Skyrockets!

The numbers are in, and non-U.S. citizens continue to pour money into real property purchases. According to the National Association of Realtors®, international purchases of residential property are up by $16 billion over the equivalent period in 2009-2010. This is according to the NAR’s 2011 Profile of International Home Buying Activity. According to the report, […]

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