This article appeared in the LA Times today speaking about the Phoenix housing Market how the Bank owned properties are being sold so fast as long as they are priced right. It is a really good read so I hope you enjoy it.
http://www.latimes.com/news/nationworld/nation/la-na-phoenix18-2009may18,0,7979477.story
Until Next time,
John C. Palmay
The Palmay Real Estate Group
www.thepalmaygroup.com
480-529-9063
azrealtorjp - Twitter
Monday, May 18, 2009
2nd Annual Charity Golf Tournament
Watch your face! Balls will be flying at ASU's Karsten Golf Course in Tempe, Arizona on May 30.
Volunteers in the Garden will be hosting the Desert Botanical Garden’s 2nd Annual Charity Golf Tournament, “Golfin’ in the Desert" beginning at 7:30 a.m. The event, which raked in a cool $13,000 last year, seeks to raise money to bring children of the Valley's Title One schools to the educational program at the Garden.
The first 100 golfers to enter will be stroking, cajoling and whispering sweet somethings to their shaft in hopes of earning the title of supreme putter. But in the end, everybody wins (ey, it's for charity).
The $125 entrance fee includes green fees, cart, practice balls, two raffle tickets and gourmet burgers and Hotdogs. Fore!
Go to www.dbg.org for more.
Until Next Time,
John C. Palmay
The Palmay Real Estate Group
480-529-9063
@azrealtorjp - Twitter
Volunteers in the Garden will be hosting the Desert Botanical Garden’s 2nd Annual Charity Golf Tournament, “Golfin’ in the Desert" beginning at 7:30 a.m. The event, which raked in a cool $13,000 last year, seeks to raise money to bring children of the Valley's Title One schools to the educational program at the Garden.
The first 100 golfers to enter will be stroking, cajoling and whispering sweet somethings to their shaft in hopes of earning the title of supreme putter. But in the end, everybody wins (ey, it's for charity).
The $125 entrance fee includes green fees, cart, practice balls, two raffle tickets and gourmet burgers and Hotdogs. Fore!
Go to www.dbg.org for more.
Until Next Time,
John C. Palmay
The Palmay Real Estate Group
480-529-9063
@azrealtorjp - Twitter
Wednesday, May 13, 2009
Arizona Foreclosure Task Force !!
So many people today are facing Foreclosure or perhaps thinking that they soon will. I would like you to be aware that this link can be of great help to you.
http://www.arizonaforeclosuretaskforce.com/
The Arizona Foreclosure Prevention Task Force was established to reduce residential foreclosures in Arizona and the impact of foreclosure on families and communities.
They have a dedicated 24 Hour, 7 Day a week toll-free help line that you can reach local Arizona Foreclosure counselor's, that number is 1-877-448-1211.
last but not the least they have published a Workbook that is a FREE download that is a great tool to educate homeowners about the foreclosure process. Please if you know anyone who might be or is close to filing please give them the Phone number above or the website address so they can have a clear understanding of the process.
Until Next Time,
John C. Palmay
The Palmay Real Estate Group
480-330-9700
Twitter: azrealtorjp
www.thepalmaygroup.com
http://www.arizonaforeclosuretaskforce.com/
The Arizona Foreclosure Prevention Task Force was established to reduce residential foreclosures in Arizona and the impact of foreclosure on families and communities.
They have a dedicated 24 Hour, 7 Day a week toll-free help line that you can reach local Arizona Foreclosure counselor's, that number is 1-877-448-1211.
last but not the least they have published a Workbook that is a FREE download that is a great tool to educate homeowners about the foreclosure process. Please if you know anyone who might be or is close to filing please give them the Phone number above or the website address so they can have a clear understanding of the process.
Until Next Time,
John C. Palmay
The Palmay Real Estate Group
480-330-9700
Twitter: azrealtorjp
www.thepalmaygroup.com
Upgrade Your Home,Save Money & and Save on Taxes.
Making energy-efficient home improvements will cut your cooling costs this summer and can also provide a sizable break on your tax bill come next April 15th.
Thanks to the government's stimulus package, consumers can receive tax credits for up to 30% of the cost to make energy-efficiency improvements to their homes, such as adding insulation or replacing windows those old windows for new and improved versions. The maximum $1,500, one-time-only credit is a significant jump from the $500 offered in years past and will be available through 2010.
The good news is you will be saving money going forward on your electric or heating bill and then also get a tax credit next tax season. The cheapest project that can be applied towards this tax rebate is Insulation, even though my home is newer I still did a blown in project one weekend. For whatever reason the ceiling over my Garages were never insulated so I went to Home Depot and purchased the insulation and they also had a special going were I could rent to blower for FREE as long as I purchased 10 bags or more. So this project was pretty easy, and it will keep paying me every month in my cooling bills and then pay me back again next April when I do my taxes.
Other areas that areas where you can save are Windows & Doors, New A/C Units, New Roof, Solar projects, wind Projects etc...
Until next time,
John C. Palmay
The Palmay Real Estate Group
480-330-9700
Twitter - azrealtorjp
jpalmay@gmail.com
Thanks to the government's stimulus package, consumers can receive tax credits for up to 30% of the cost to make energy-efficiency improvements to their homes, such as adding insulation or replacing windows those old windows for new and improved versions. The maximum $1,500, one-time-only credit is a significant jump from the $500 offered in years past and will be available through 2010.
The good news is you will be saving money going forward on your electric or heating bill and then also get a tax credit next tax season. The cheapest project that can be applied towards this tax rebate is Insulation, even though my home is newer I still did a blown in project one weekend. For whatever reason the ceiling over my Garages were never insulated so I went to Home Depot and purchased the insulation and they also had a special going were I could rent to blower for FREE as long as I purchased 10 bags or more. So this project was pretty easy, and it will keep paying me every month in my cooling bills and then pay me back again next April when I do my taxes.
Other areas that areas where you can save are Windows & Doors, New A/C Units, New Roof, Solar projects, wind Projects etc...
Until next time,
John C. Palmay
The Palmay Real Estate Group
480-330-9700
Twitter - azrealtorjp
jpalmay@gmail.com
Tax Credit Can Be Used for Down Payment
This is great news for the "First Time Home Buyer" or anyone who hasn't had a house in there name for the last 3 years. The Goverment Tax Credit of $8000.00 now can be used as a Down Payment for the purchase of a house.
Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment.Previously, most buyers wouldn't receive the funds until after they filed their tax return, and that deterred some people from using the credit.
“We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment,” Donovan says. His remarks came in an address to several thousand REALTORS® gathered Tuesday morning at "The Real Estate Summit: Advancing the U.S. Economy," at the 2009 REALTORS® Midyear Legislative Meetings & Trade Expo in Washington, D.C..
He says FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table.
Until Next Time,
John C Palmay
The Palmay Real Estate Group
480-330-9700
Twitter:azrealtorjp
Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment.Previously, most buyers wouldn't receive the funds until after they filed their tax return, and that deterred some people from using the credit.
“We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment,” Donovan says. His remarks came in an address to several thousand REALTORS® gathered Tuesday morning at "The Real Estate Summit: Advancing the U.S. Economy," at the 2009 REALTORS® Midyear Legislative Meetings & Trade Expo in Washington, D.C..
He says FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table.
Until Next Time,
John C Palmay
The Palmay Real Estate Group
480-330-9700
Twitter:azrealtorjp
Monday, May 11, 2009
Ideas If You Need To Sell Your Home Fast !!
In today's market so many people are coming up to talk to me about Real Estate which is great since I enjoy speaking about it so much, I mean it is my passion and well my career that I have chosen to be in. believe me I have heard my share of the good deals that Buyers are getting right now and that is great. I feel for the people who have lost jobs and no longer can support the family and or house payment and I feel real bad for them and this is why I like to offer tips every month.
This months tip is really more common sense, but I still feel I need to go over it because I have been getting so many emails on this subject. The question that I have been hearing the most is
"John what can I do to sell my house as fast as possible?"
1) Price - You need to Price your house correctly for the "Market" (sub-division) that you are located in. When I am going over the price with a customer I take what we call Comps along with me. This is a snapshot in time of the current pricing for the area that this customer lives in. Now depending on the data available I like to use data that is about 3 months old. This always seems to give us the best idea of the current value. When pricing you also have to keep tabs of the Trends, and what I mean by trends is the market currently, stable, heading down or I always hope heading up. Once we have all of this information it is time to come to a answer of what the list price should be.
2) Paint - Always Always try to paint your house before you list it to give it that clean feeling when a buyer walks in you want them to have a great first impression. Please this means having straight lines where the ceiling and the walls meet, it doesn't cost to much extra to have a handyman or professional painter to come in and touch-up where you painted if your not good at painting those areas.
3) Clean - Please keep the house clean and neat at all times, while you have your house on the market pretend you are a housekeeper and make the bed before you leave in the morning, and pick up your dirty wash from the floor. Pick-up around the bathroom sink and don't leave the dishes in the sink, make sure the garbage in the kitchen doesn't smell. Pretend someone you like is coming over all the time and just keep it neat.
4) Clutter - Get rid of it, I once read somewhere a official sounding words for this - "Eliminate "visual pollution", so get rid of the clutter. Make your place as open as possible. Take out that extra chair that you just throw your clothes and newspapers that you don't read on. Remove big bulky items that might be overwhelming a room even if you like it that way. (Listen to your Realtor about this, he or she can help suggest)
5) Common Sense things - Keep the house smelling nice, take the magnets off the fridge, keep the garage neat, clean up after your pets, use your elbow grease, if something in your house looks dirty to you it is... Clean it !!!
As I see things when I am out showing homes I will continue to update this posting, but please remember if it bothers you it will most likely bother someone else, so clean it or get it fixed and your home will sell that much faster.
Until Next Time,
John C. Palmay
The Palmay Real Estate Group
480-330-9700
www.thepalmaygroup.com
Twitter: azrealtorjp
This months tip is really more common sense, but I still feel I need to go over it because I have been getting so many emails on this subject. The question that I have been hearing the most is
"John what can I do to sell my house as fast as possible?"
1) Price - You need to Price your house correctly for the "Market" (sub-division) that you are located in. When I am going over the price with a customer I take what we call Comps along with me. This is a snapshot in time of the current pricing for the area that this customer lives in. Now depending on the data available I like to use data that is about 3 months old. This always seems to give us the best idea of the current value. When pricing you also have to keep tabs of the Trends, and what I mean by trends is the market currently, stable, heading down or I always hope heading up. Once we have all of this information it is time to come to a answer of what the list price should be.
2) Paint - Always Always try to paint your house before you list it to give it that clean feeling when a buyer walks in you want them to have a great first impression. Please this means having straight lines where the ceiling and the walls meet, it doesn't cost to much extra to have a handyman or professional painter to come in and touch-up where you painted if your not good at painting those areas.
3) Clean - Please keep the house clean and neat at all times, while you have your house on the market pretend you are a housekeeper and make the bed before you leave in the morning, and pick up your dirty wash from the floor. Pick-up around the bathroom sink and don't leave the dishes in the sink, make sure the garbage in the kitchen doesn't smell. Pretend someone you like is coming over all the time and just keep it neat.
4) Clutter - Get rid of it, I once read somewhere a official sounding words for this - "Eliminate "visual pollution", so get rid of the clutter. Make your place as open as possible. Take out that extra chair that you just throw your clothes and newspapers that you don't read on. Remove big bulky items that might be overwhelming a room even if you like it that way. (Listen to your Realtor about this, he or she can help suggest)
5) Common Sense things - Keep the house smelling nice, take the magnets off the fridge, keep the garage neat, clean up after your pets, use your elbow grease, if something in your house looks dirty to you it is... Clean it !!!
As I see things when I am out showing homes I will continue to update this posting, but please remember if it bothers you it will most likely bother someone else, so clean it or get it fixed and your home will sell that much faster.
Until Next Time,
John C. Palmay
The Palmay Real Estate Group
480-330-9700
www.thepalmaygroup.com
Twitter: azrealtorjp
Efforts to bring back housing market attracting new scams
per the Norm whenever someone can try to trick someone they will. The Arizona Republics Catherine Reagor wrote an excellent article about housing foreclosure Scams that are currently going on. Remember if it seems to good to be true, it most likely is, please check everything out with a professional who works in that field.
I have attached the link to this article below, Thanks Catherine for making everyone aware.
http://www.azcentral.com/realestate/articles/2009/05/10/20090510housing-foreclosurescam0510.html
Until Next Time,
John C. Palmay
The Palmay Real Estate Group
Keller Williams Legacy One
480-529-9063
Twitter - azrealtorjp
I have attached the link to this article below, Thanks Catherine for making everyone aware.
http://www.azcentral.com/realestate/articles/2009/05/10/20090510housing-foreclosurescam0510.html
Until Next Time,
John C. Palmay
The Palmay Real Estate Group
Keller Williams Legacy One
480-529-9063
Twitter - azrealtorjp
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