Phoenix Real Estate Is Excellent for Homeowners Seeking Great Value

Phoenix Real Estate Is Excellent for Homeowners Seeking Great Value

Phoenix, Arizona is one of the most beautiful and charming cities in the nation. The city offers ample entertainment, a beautiful surrounding area, and excellent job prospects. Relocating to the area is common for many families, whether due to job changes, the search for a better place to live, or military needs. Whatever your reasons for moving to the area, however, you will find that searching the MLS for homes available in the area will offer a wide selection. Phoenix, AZ real estate is varied and excellent and you will find luxury homes, single family homes, condos, and much more.

The Phoenix real estate market is certainly on the rise again. Following devastating lows from the economic crisis, Phoenix is starting to see a large influx of investors and homeowners alike seeking to get great deals on the areas many foreclosure and lender owned properties. These properties offer excellent square footage per dollar and can help buyers get into the home of their dreams for far less than they might expect. Many of these homes are selling for well below market value, and short sales offer another group of value homes for people who are seeking a bargain.

One thing that potential buyers need to know is that they absolutely must work with a qualified realtor. Negotiating short salesand buying lender owned homes means navigating through a great deal of paperwork and legal speak and these contracts can be surprisingly complex. A realtor with experience working with banks and lending agents can help make the process smoother and easier and can help get people into the Phoenix, Arizona homes that will truly make them happy. If you have searched through the Phoenix real estate listings and are looking for something better, searching these properties is certainly your best choice.

Purchasing real estate in Phoenix, Arizona can be a great idea whether you are looking to find a great place to live or to make a solid investment. The market in the area has rebounded quickly and home prices are expected to see further increases in the months to come. Taking advantage of foreclosures and short sales while they are available is certainly going to be the best way to see a bargain in the Phoenix market, and there are still remarkable homes on offer. Speaking with The Holm Group is by far the best way to ensure that you are getting the right deal and making the right decision. Call The Holm Group at 480-206-4265 today!

Buy Phoenix, Arizona Foreclosures

Buy Phoenix, Arizona Foreclosures

Even though foreclosure may be a terrible thing for any homeowner to have to endure, it also means that it is a great time to buy. You will quickly discover that a number of Phoenix, Arizona real estate foreclosures are available now, and if you have the money to buy one of these properties, it is a great time to do so.

All types of Phoenix, AZ real estate is in foreclosure currently. You will be able to find just about any type of home that you would like to have, including townhomes and single-family dwellings.

Since the number of foreclosure homes for sale in Phoenix, Arizona is numerous, if you have been thinking about a move to the city, these foreclosures are some of the first homes that you should consider. Make sure that you have a qualified real estate agent help you when you are in the market for a foreclosed home. The agents at The Holm Group have helped countless home buyers find incredible foreclosure deals in Phoenix. Our agents will be able to help you find the best properties and offer you all of the information about the foreclosure so you can decide if the property is worth the asking price.

When you explore some of the Phoenix foreclosures with us, you may find that the property has some damage. This is good news for you though because the cost of the property will be lower. As long as you do not mind making a few repairs around the house, this is one of the best ways to buy your Phoenix, Arizona homes.

If you are budget minded and you are on the hunt for the best Phoenix, AZ homes click to call us today!

Phoenix Homes For Rent

Phoenix Homes For Rent

If you are thinking about buying a home in the Phoenix area, you may first want to consider some of the Phoenix home rentals that are available. When you rent a home, you will be able to get a good feel for the community and the city. This can help inform your decision when you are finally looking for a home for sell in Phoenix, AZ.

As you start looking for rental homes, you will want to consider a few things. One of the first things that you will want to know is the community in which the home is located. You will be able to find information about the various parts of Phoenix on the web. This can be particularly important if you have children that will be going to school in the area.

The price of the rental is important as well, and you will check to see what amenities the house offers, as this will often affect the price. For example, Phoenix homes for rent with a pool will often have a higher rent than those without the luxury.

After you have spent some time renting a home in Phoenix, you will want to start looking for properties that you can buy. Fortunately, the area has many available. When you are finally ready to buy your home, you will be able to find plenty of excellent Phoenix, AZ real estate from which you can choose. The Holm Group has over 15 of experience in this market and can help you find the property that best matches your requirements for space as well as for your budget.

You will also want to keep an eye out for rent to own homes in Phoenix. You will be able to find these properties with the help of an experienced Phoenix real estate agent

Arcadia of Phoenix Real Estate

Arcadia of Phoenix Real Estate

Arcadia, Phoenix AZ real estate is quite beautiful, and not just because Arcadia has numerous well-irrigated landscapes. This neighborhood within the city of Phoenix, Arizona, also has many large and luxurious homes. The property value of Arcadia homes is unusually high. It is right next to Scottsdale (an affluent community in its own right) and between 32nd Street to the Phoenix/Scottsdale border. The area also covers the southern foothills of Camelback Mountain.

The land itself is quite breathtaking, as this community was built upon former citrus groves. This is why there are plentiful orange, lemon and grapefruit trees throughout the area. The neighborhood is actually large, as Phoenix is enormous, and the population is about 10,000. The median age of the average Arcadian is 40, while the income is $92,401.

Historically, the neighborhood used to be occupied by citrus farmers from 1919 to the mid 1950s. However, the farming community eventually became urbanized. The end result is a cross between a grassy paradise and a resort town.

When it comes to style, Arcadia, Phoenix real estate is diverse. There are large four bedroom ranches, as well as pueblo style houses and townhouses. Even newer homes tend to resemble 1920s and 1930s architecture, making the ambiance very unique. There are numerous homes, swimming pools and large green yards to be found. In addition to orange and lemon trees, you can also find oleander hedges and palm trees.

Are you interested in looking up some Arcadia homes for sale? There are several reasons to consider a move down here. The spirit, the abundance of flora life, as well as the moderately cool temperatures are pluses. The school systems are highly ranked and there are numerous shopping and dining establishments within the neighborhood and outside of the borders. The neighborhood has a great location, right in between Phoenix and Scottsdale.

There are literally no “tract” Arcadia homes for sale, as this is a rich community with lots of character. The Camelback Mountain is also a nice attraction for families. If you are excited about Arcadia homes for sale call a real estate agent right now! These pros can give you deals that are unadvertised. Arcadia real estate agents not only have access to MLS listings, but also have access to homes that haven’t even been listed publicly. This is truly the best way to buy real estate. Come see why Arcadia is unique even among other luxurious Arizona cities. Contact The Holm Group today at 480-206-4265 to start your search for an Arcadia home.

Arcadia Real Estate

Let The Holm Group Help You Sell or Find Your Next Arcadia, AZ Home.
Call Andrew @ The Holm Group Today at 480-206-4265.

How To Choose Phoenix Real Estate

How To Choose Phoenix Real Estate

If you’ve been considering moving to Phoenix, Arizona, then you are probably interested in all of the various Phoenix, Arizona homes for sale. You will find a great number of homes available in the region, but it is important that you choose a home that is just right for you and your needs. You will have to consider several things when you are making your choice.

One of the most important factors, and one that is probably on the top of your mind, is the cost. Since you will be able to find Phoenix area homes in all different price ranges, you will discover even when you are on a budget you will be able to find a lovely place to live in the city. Once you know how much you will be able to afford, you can find realtors in Phoenix, AZ who will help you with the next step.

You have to find a home that suits your space requirements. If you are single, you may only want or need a small home, a starter home, as many people call them. Those who have a large family or who are married and considering starting a family will want to have a larger home. You can find great Phoenix homes for sale that will accommodate all of your different needs.

Of course, you will also want to look at all of the amenities that come with the different homes from which you are choosing. When looking at Phoenix real estate, a wanted feature is often a pool. Many of the homes in the area have pools, and some of the townhomes and condominiums have pools in the complex. Along with air conditioning, a pool is a great way to cool off on those hot summer days!

Don’t wait another day to start your search. Call The Holm Group today at 480-206-4265.

If you’ve been considering moving to Phoenix, Arizona, then you are probably interested in all of the various Phoenix, Arizona homes for sale. You will find a great number of homes available in the region, but it is important that you choose a home that is just right for you and your needs. You will have to consider several things when you are making your choice.

One of the most important factors, and one that is probably on the top of your mind, is the cost. Since you will be able to find Phoenix area homes in all different price ranges, you will discover even when you are on a budget you will be able to find a lovely place to live in the city. Once you know how much you will be able to afford, you can find realtors in Phoenix, AZ who will help you with the next step.

You have to find a home that suits your space requirements. If you are single, you may only want or need a small home, a starter home, as many people call them. Those who have a large family or who are married and considering starting a family will want to have a larger home. You can find great Phoenix homes for sale that will accommodate all of your different needs.

Of course, you will also want to look at all of the amenities that come with the different homes from which you are choosing. When looking at Phoenix real estate, a wanted feature is often a pool. Many of the homes in the area have pools, and some of the townhomes and condominiums have pools in the complex. Along with air conditioning, a pool is a great way to cool off on those hot summer days!

Don’t wait another day to start your search. Call The Holm Group today at 480-206-4265.

New Listing Heritage Heights – 3143 E. Malapai Dr Phoenix

Heritage Heights Homes For Sale

Here is a beautiful new listing that just came on the market today in Heritage Heights in Phoenix AZ.  This home was listed yesterday with HomeSmart  and is available to show this weekend.  There are two other homes for sale in Heritage Heights that are priced between $420 and $499 if you are interested in seeing those as well.

Location for this Golden Heritage semi-custom home in well established Heritage Heights! You’ll enjoy the quiet cul-de-sac (resident traffic only) and the mature neighborhood borders Phoenix Mountain Preserve w/ majestic views, hiking/biking paths, walking distance to elementary school & moments from Hwy 51! The open floor plan joins the large living room w/fireplace to family room and dining area. You’ll enjoy the big kitchen and breakfast area that lookout to the backyard with extra large covered patio and fenced diving pool. You’ll also enjoy the use of the community pool and rec room, as well. Great neighborhood, location, schools, shopping, and amenities.

The Holm Group has represented several buyers or sellers in the Heritage Heights area and is happy to address any questions on this home or of the other homes that are on the market either as a rental or for sale.  Give Andrew a call today at 480-206-4265 w/ Berkshire Hathaway Arizona.

143 E. Malapai Dr Phoneix AZ 3143 E Malapai Dr Phoenix AZ

Are couple of pics:

Heritage Heights Homes For Sale 3143 E. Malapai Dr Phoenix

 

If you are looking for other homes in the Heiritage Heights click here:

Heritage Heights Homes For Sale

AZ Central – Northgate Center sells for $22.825M

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Najafi Companies of Phoenix sold Northgate Corporate Centre at 2625 W. Grandview Road in Phoenix to Griffin Capital Corp. of Los Angeles for $22.825 million. Jim Fijan and Will Mast of CBRE in Phoenix negotiated the sale of this 131,850 square-foot class A office building. Northgate Corporate Centre is 100 percent leased to Houston-based Waste Management Inc., with about 10 years remaining on the current lease. The property sits on 13.37 acres subject to a long-term ground lease with the Arizona State Land Trust, which expires in 2095.

Major deals

REO asset manager John Mitchell of LNR Partners in Miami Beach, Fla., as special servicer, sold Black Canyon Corporate Center at 10835 N. 25th Ave. in Phoenix to Younan Properties Inc. of Woodland Hills, Calif., for $7.14 million. Eric Wichterman, Mike Coover, Jeff Wentworth and Sean Spellman of Cassidy Turley in Phoenix represented both parties in the sale of this 94,203 square-foot office property.

Brookfield Asset Management of Toronto sold Tempe Towne Centre at 20 E. University in Tempe to Tempe Towne Center LLC in Tempe, a holding company owned by YAM Management, for $5.25 million. Barry Gabel and Chris Marchildon of CBRE in Phoenix, in conjunction with CBRE’s National Loan Sale Advisory Group, represented the seller. The buyer of this 21,737 square-foot office property was self-represented.

Horlacher Foundation Inc. of Mesa sold 19.3 acres west of the southwest corner of Greenfield and McDowell roads in Mesa to Blandford Homes through its McDowell Citrus 100 LLC for $3.2 million. Brent Moser, Mike Sutton and Brooks Griffith of Cassidy Turley Arizona’s land group represented both the seller and the buyer, who plans to build high end executive homes on 35,000 square foot lots.

MJA Investments of Lincoln, Neb., sold two office buildings of Redrock Business Center at 17100 E. Shea Blvd. in Scottsdale to A2Z Properties of Scottsdale for $1.925 million. Erick Wichterman and Mike Coover of Cassidy Turley negotiated the sale of this 21,190 square-foot property, representing both the buyer and the seller.

AZ Central – Luxury home sales up 34% in metro Phoenix

A rebound in the jumbo mortgage market is helping sales of luxury houses while sales of lower-priced houses have been falling in metro Phoenix during the past few months.

Sales of single-family homes priced above $500,000 grew 34 percent from October 2012 to this October, according to Arizona State University. At the same time, the number of sales for houses priced below $150,000 have fell by 49 percent. But that drop is also due to fewer houses in that price range for sale.

The luxury home market continues to gain ground with the stock market booming and the growing availability of jumbo loans, said housing analyst Mike Orr of ASU’s W.P. Carey School of Business.

Jumbo loans were very difficult to obtain after the crash because they can’t be backed by federally owned Fannie Mae and Freddie Mac. Lenders are liable for all losses on loans not backed by one of those insurers.

But during the past few months, banks flush with cash have jumped back into the jumbo loan business. Now the interest rate on mortgages for $500,000 and more is slightly lower than rates for conventional mortgages.The average rate for a jumbo loan is currently 4.59percent, according to the Mortgage Bankers Association. That compares with an average 4.62percent rate for a 30-year fixed-rate mortgage for a mortgage below $400,000.

AZ Central – Phoenix-area rental homes a red-hot commodity

Crowds of people swarming open houses. Multiple bids on properties from desperate home seekers. Palpable fear over losing the “right” place to a ravenous market.

Map: Metro Phoenix rental market

Sounds like a typical day in metro Phoenix’s housing market, where buyer demand exceeds the supply of homes for sale.

But this frenzy is focused on houses for rent.

In the Valley’s most popular communities, desperate renters are submitting applications for multiple single-family homes to secure a place to live. Some would-be renters are dedicating as much as 20 hours a week to finding a new home. And when they find the right place, some feel pressure to offer much higher than the listed rent.

Greg Gale, a senior loan officer for Nova Home Loans, had only three weeks in August to find a new home. He launched a full-court press.

Gale applied to rent four properties, losing one after being a day late. He later found the property he wanted — a 4,600-square-foot home in north Scottsdale — and drafted a cover letter for his application, including his personal story and a promise to treat the house like his own. He included pictures of his children.

Gale admits he “pulled all the heartstrings” and believes it helped him get the house.

The unprecedented demand for rentals is fueled by former homeowners whose houses were foreclosed on or sold in short sales and now need a place to live. Some of them can no longer qualify to buy a home. For others, the housing bubble sullied the aura of owning a home.

In addition, new residents are migrating to the area for work. And members of households who had lived together out of financial necessity during the downturn are striking out on their own as the economy improves.

With the trend showing no sign of slowing, more investors than ever are buying homes to rent. Popular areas such as central and north Phoenix, south Scottsdale, Glendale, central Tempe, Chandler and Gilbert are hot spots for rentals.

Multiple indicators show demand for rentals has never been higher:

More rental contracts were signed in June and July than in any other months in the past decade, according to the Arizona Regional Multiple Listing Service.

The percentage of single-family homes purchased to be rented out hit a record 32 percent in July, more than triple the typical rate, said Mike Orr, a real-estate analyst at Arizona State University.

In July, the average rental home was empty for only 38 days, tied for the shortest period in 12 years, Orr said.

The vacancy rate for big apartment complexes recently hit an almost six-year low as of June 30, according to commercial broker Marcus & Millichap.

“It’s a crazy rental market right now,” said Liza Asbury of Realty One Group. “There are multiple offers for properties. If it (the home) is nice, it is definitely going fast.”

One renter Asbury represented lost out on a high-end home in Paradise Valley because a competitor bid $400 more a month than the listed rent.

Number of renters growing

The biggest factor in the hot rental market is the number of people who have experienced a foreclosure or short sale and can’t qualify to purchase a home.

Brett Nadler and Shelly Johnson are new to the rental-home market. Johnson was living in an apartment after a recent foreclosure.

A new couple, they have been searching for a four- or five-bedroom house since the end of May, hoping they could find a home to accommodate them, Johnson’s two sons and Nadler’s son and daughter. But it has been challenging.

In late August, they attended an open house at Power Ranch in Gilbert, hoping to get into a neighborhood where Johnson’s kids could continue attending the same elementary school.

“Everything rents really quickly,” Nadler said.

“You find a house on Craigslist, and the next day, the posting is gone,” Johnson said.

Ana Garcia is looking to rent for the first time. In fact, she was a landlord herself, owning 16 low-income properties in Mesa. But she lost the houses to the bank last year, and her own home in east Mesa was foreclosed on this year.

She’s living in her foreclosure home but needs to find a new place quickly. She said it’s hard work to find a nice place. “By the time you realize it, they are gone,” she said.

The properties that stay on the market are often dirty or have other issues. She recently saw a property that had termites, but the owners refused to get it treated because they didn’t feel they had to in order to rent it out.

A diabetic, Garcia said the situation has created a sense of panic that has aggravated her health problems.

“It’s there 24/7,” Garcia said of the anxiety. “Your health suffers.”

Most-popular areas

Both homebuyers and renters are flocking to the same parts of metro Phoenix. Areas near freeways, shopping centers and jobs are drawing the most new residents.

In the central Tempe ZIP code 85282, an area south of ASU and flanked by freeways, the typical rental home stays vacant for less than 22 days.

Rentals are also scarce in several central Phoenix and south Scottsdale ZIP codes. In 85012, a north-central Phoenix neighborhood, there are only 13 homes for rent and 37 for sale. A year ago, double that many homes were on the market in the neighborhood, stretching up Central Avenue to Glendale Avenue.

In ZIP code 85031, an affordable west Phoenix Maryvale neighborhood, there are only 12 homes for rent and 18 for sale.

In Gilbert’s 85298 ZIP code, where many of the area’s new homes are selling, there are only 28 homes for rent, and the average rental house leases in 34 days. The typical house rents for less than $850.

Many of the communities with the highest rents are taking the longest to rent.

North Scottsdale’s 85266 ZIP code, which encompasses an area stretching north to Carefree, has the longest average time to lease a home of any sizable ZIP code: 138 days.

In Paradise Valley, ZIP code 85253, it’s taking a landlord more than 100 days to find a tenant. There are more than 250 homes for sale in the upscale enclave and 62 for rent. Paradise Valley has metro Phoenix’s priciest homes and rentals. The average rent for one the area’s mansions is almost $4,000 a month.

Renting is the new buying

The demand for rentals has spawned a new phenomenon: Some landlords are holding weekend open houses to show off properties to several prospective tenants at once.

The events are often crowded with desperate home seekers.

Sean Badding, who owns five rental properties in the Valley, had more than 30 people attend his open house in July for a two-bedroom, one-bath home at the edge of the Encanto-Palmcroft Historic District that he offered for rent at $1,050 a month.

Twelve people submitted rental applications, Badding said, and he rented the property immediately.

“The location makes the biggest difference. A prime location, whether it is rent or sale, allows you to get it off the market as soon as possible,” he said.

Chris Doyle began advertising his 2,000-square-foot, four-bedroom, 21/2-bathroom house at Power Ranch in Gilbert for $1,195 a month on Aug. 22. He had eight calls in the next few days, and four families showed up at an open house on Aug. 26.

He got that traffic despite not including the address in his advertisement or erecting a “for rent” sign in front of the home until minutes before the open house. Doyle said a yard sign will usually bring as much traffic as ads on Craigslist or elsewhere, and many landlords advertise with yard signs only because demand is so high.

Doyle raised the monthly rent on the home by $100 a month, but it didn’t dampen interest.

“I saw the demand was there,” Doyle said.

Desperate renters

Renters are dedicating as many as 20 hours a week to looking for the right home, and their searches can still take months, numerous renters and real-estate agents said.

Gale, who rented the house in north Scottsdale, said his wife, a stay-at-home mom, would gather listings from Internet searches or their real-estate agent and start driving to as many properties as she could get to in a day.

“There was a week where she went out every day or twice a day,” Gale said. “It’s literally a frenzy. You pull up to a house, and there are two other people there.”

Carmen Mioni searched for nearly four months for just the right townhouse in north-central Phoenix with a patio for her large dog. She looked at more than 75 properties on the Internet and visited 10 in person. Still, she couldn’t find exactly what she wanted and signed a lease on a less-than-ideal townhouse — the patio was too small for the dog.

“It was the best option I had because I was running out of time,” Mioni said. “I just went with it because there wasn’t going to be another place.”

Mioni said she also had to sign a longer lease than she wanted — 18 months instead of 12 — to get her rent down to $1,000 a month, where she needed it.

“It’s totally frustrating because your options are limited,” Mioni said.

Landlords’ market

Investors are responding to the demand and to home prices that are still well below boom levels.

In July, nearly one in three homes purchased was bought to be used as a rental, the highest percentage ever, ASU’s Orr said.

Typically, the percentage of homes bought to rent is 8 percent to 10 percent, Orr said. During the past two years, it ranged from 20 percent to 25 percent before hitting 32 percent in July.

For those who have the cash to buy, there is a historic spread between how much it costs to finance a home and monthly rents, so investors who buy at the right price can rent the house right away for more than the cost of a mortgage, taxes and insurance, while at the same time getting generous tax breaks.

The rental rates haven’t risen much despite the high demand — data show rents flat or rising slightly — but the price of housing has dropped 60 percent from the peak and only now is beginning to recover, Orr said. As a result, the “ratio has changed in favor of the landlord,” he said.

Kathy Karneth, who owns an investment property in Tempe and has recently flipped several houses, said her biggest problem is finding good deals on houses with the inventory so low. She will soon begin direct-mailing residents in certain Tempe neighborhoods — she buys only in Tempe — hoping to find a struggling homeowner willing to strike a deal before the property is formally listed on the market.

“It’s a very strong market,” said Alan Langston, executive director of the Arizona Real Estate Investors Association. “Something else is wrong with the property if it’s not rented immediately.”