Friday, December 12, 2008

Central Phoenix Real Estate Sales Data

All the graphs and data below of Greater Phoenix real estate trends are for resale homes, condos and town-homes from ASU Polytechnic data, and graphed by Artur Ciesielski, CCIM

Maricopa County single family home median home prices from 1988 to present










Feng Shui Home Improvement Tips

Feng Shui Home Improvement Tips
THIS ARTICLE APPEARED IN LIFESTYLES



Feng Shui has been dubbed “acupuncture for your house.” In recent years, it has grown in popularity in the West and around the world. Corporate businesses and thousands of homeowners and apartment dwellers have designed spaces according to Feng Shui principles, and it has been rumored that the British Royal Family has consulted with Feng Shui experts at times. Naysayers cannot fathom how shifting the placement of furniture can change your luck, or why repositioning a mirror can improve your wealth. However, proponents of Feng Shui, like Certified Feng Shui practitioner Karen Michela Parziale, who has been studying and practicing energy work for years, say that the ancient Chinese practice can give the home and your life the makeover it needs.

According to Parziale, Feng Shui can bring warmth, harmony and well being to your home. By using it correctly, you can create a home environment that promotes the flow of positive energy, while discouraging the flow of negative and destructive energy.

Feng Shui is the Chinese system of living harmoniously with the natural elements and forces of earth. At its core is a regard to chi (pronounced "chee"). "Chi is invisible energy that runs through all things - animate and inanimate. In order to live well and prosper, Feng Shui practitioners believe you need a healthy flow of this force in and around your home," says Parziale. "Chi is energy, and when it is absent, life can be 'blocked' and filled with obstacles."


Where positive (good) chi gathers, life can be filled with opportunities and luck. Therefore, you must assess how the chi is running through your home space and correct anything that prevents the adequate flow of the energy. Feng Shui is the art of creating living and working spaces that are comfortable, supportive, attractive and harmonious with their environments. The main goal of Feng Shui is based on the premise that people lead healthier, happier and more prosperous lives when their interior space is in balance.

There are two types of chi: positive/good chi and negative chi. The goals in Feng Shui are to deflect/diffuse the negative and enhance the good chi. For example, in the bedroom, place your bed against the wall, but not in between two doors and never exposed to a window. The bed should have no clutter underneath so that positive energy can flow around it.

Love is very powerful. If you do not have a favorable attachment to objects in your room, remove them from your space. Only fill your home with things you love and have good energy attached to them.

Create good energy in all areas of the home. For example, a dining room cramped with stuff and clutter can possibly create a feeling of pressure in family relationships and inhibit good digestion. Too much heavy and dark furniture - especially when squeezed into very small space - also generates a heavy dark feeling and blocks the flow of energy.

Fix everything in the home that is broken, chipped and not working.

De-Clutter the home. Clutter prevents the flow of good chi, symbolizing stagnant, choked energy. To let the good chi in, keep your home orderly.

Thursday, December 11, 2008

Trustee Sales

It's NOT just a job, it's fun, exciting, it's get the blood boiling...Trustee Sales. Arizona is flooded with properties that are reverting back to the lender through a trustee sale. I have been so lucky to work with a few CA investors and we have been hitting the Trustee Sales and have landed quite a few properties.



The basic requirements for bidding at a trustee sale is:

1. $10,000.00 Cashiers check

2. Ability to pay cash for property by 5 p.m. the next day. (if you are the successful bidder but unable to close transaction by 5 p.m. the next day - $10,000.00 will be forfeited)

3. Nerves, stress and excitement exist while standing on the steps of the courthouse. As the caller, quietly calls the sale, you strain to hear the number you came to bid on. Some are not cut out for all this excitement.

If that is you, please do not hesitate to contact me, I have worked with many investors interested in purchasing a property through a trustee sale.

Finding a home which is being foreclosed upon that is in first position is half the battle, I have many resources available which streamline this process. There are many things you must be aware of before you buy one of these properties - a professional Realtor like myself makes the process easier.

Linda 602-391-8246 AZhomes4u@gmail.com

Friday, December 5, 2008

Can You Flip a House for Profit in This Market?

I have 2 California investors who are doing it!!!
Actually it may prove to be the most optimal time for such a venture.
Home flippers can still find plenty of opportunities, though they're not entirely without risk. It's a very good time to pick up bargains in the marketplace. Finds those bargains mostly in neighborhoods where you would like to live. Areas undergoing urban renewal present good investment opportunities.

The key ... is doing your research and knowing what you're getting into. Know the area you're buying, the market, how the price compares to the neighborhood and have a good Realtor.

Top 10 Things to Expect in the Housing Market in 2009

Following the too-good-to-be-true housing boom in the first half of this decade, 2008was a dose of reality. The subprime mortgage crisis and the collapse of major financial institutions made this year a tough one for real estate. Expect 2009 to be filled with more change and adjustment in home values and expectations. On a positive note, help is on the way from the Feds, and some experts say a slow recovery could begin in late 2009. Prepare yourself for the challenges -- and opportunities -- of 2009 by getting familiar with what to expect in the housing market.FrontDoor.com lists the top 10 things homebuyers and sellers need to know about a different topic. So stay tuned for tips on everything from foreclosures to taxes.


1. Continued market adjustments.
With home prices in some markets having reached astronomical levels, it was inevitable a reset button be pushed. Sellers will continue to be challenged in 2009 as the inflated pricing of years past adjusts to normal levels. With banks and builders willing to slash prices to sell a backlog of foreclosures and new homes, individual sellers will have to price their homes competitively.
Read More

2. Action from the Obama administration.
Obama's plan to help the housing sector includes a 10 percent mortgage tax credit for homeowners who don't itemize their taxes and a crackdown on abusive lending practices. Read More

3. More assistance programs for homeowners in danger of foreclosure.
While the federal government is attempting to reduce foreclosures, a report released by the Joint Economic Committee predicts 2 million foreclosures in 2009. Homeowners who are at risk should take steps to avoid foreclosure. Read More

4. Some calm to the chaos of the banks' restructuring.
This should cause loan modifications and short sales to get easier, and will also (eventually) decrease the number of bank-owned properties on the market.
Read More

5. Thorough reviews of mortgage applications.
Before the subprime mortgage debacle, you didn't have to prove you could afford to borrow $200,000 for a home and you didn't need a down payment. Those days of sketchy lending practices are gone. Lenders now require potential borrowers to provide extensive income and expense documentation. Homebuyers with the best credit will get the lowest interest rates. Take steps now to get your finances in order and boost your credit score.

6. Low prices and low interest rates.
2009 could be the time for reluctant homebuyers to act, as this is perhaps the last year of the best buying opportunity in recorded economic history.
Read More

7. Cool tech tricks and tools for the real estate obsessed.
As homebuyers turn to the Web more and more for their real estate needs, video, webcasts and mobile search tools are becoming more prevalent. Sellers should consider using these cutting-edge tools to make their homes stand out.

8. Wiser consumers.
After facing this foreclosure crisis, buyers, sellers, real estate agents and even tenants will have a deeper understanding of real estate, mortgage and credit, which they can use to make better decisions and be more self-protective in the future.
Read More

9. Leaner, greener homebuying.
Across the board, homebuying is becoming more eco-friendly, from transactions being conducted digitally to buyers opting for smaller homes within walking distance of school and work.
Read More

10. An increase in consumer confidence.
As the year goes on and we near the projected end of the recession, sellers can breathe a sigh of relief as buyers regain confidence in the market.
Read More