Phoenix AZ Homes For Sale

City Specific Searches

Foothills Club West Home for Sale-Golf Course Lot-Private Pool-Ahwatukee Location (Phoenix)

$370,000

Do you love golf course views, mountain sunsets and the beauty of the natural desert? Then you must check out this beautiful Foothills Club West home! Sprawling open floor plan crowned with a gorgeous island kitchen. The beautiful backyard features a sparkling pebble-tec pool, outdoor fireplace, built-in BBQ and a golf course panorama. Flexible split floor plan with luxurious master suite, 2 bedrooms and a den, plantation shutters, built-in entertainment center, integrated speaker system...too many perks to list here. Just come by and see for yourself!

Click here to see all photos and all details

Search All homes in the region at http://www.topazhomesearcher.com/

Brent Hammonds

Listing courtesy of Thompson's Realty

Equal Housing Logo

Brent Hammonds

Associate Broker

Solutions Real Estate

Cell: (602) 717-3219

Search the Greater Phoenix Area MLS

24/7 Access

City Specific Searches

Exclusively for Luxury Homes

Bargain Homes for Sale

Tuesday, January 24, 2012

Gilbert Home Under $140K-Seville Golf Course Community-3 Bedrooms-Single Story

$139,050

This home is great! Located in a great community close to schools, shopping and dining! Home features beautiful two-toned paint and chair-railing in all bedrooms, neutral carpet and tile throughout, ceiling fans throughout, spacious kitchen with plenty of cabinet and counter space including an island and a pantry! Living room and kitchen feature unique and beautiful paint as well! Rear yard has lush trees and is ready for your buyers personal touch! Buyer to verify all facts and figures. Must submit LSR and As-Is Addendum with all offers. Seller to choose Title Company. Certified/wired funds will be required upon contract acceptance.

Click here to see all photos and all details

Search All homes in the region at http://www.topazhomesearcher.com/

Brent Hammonds

Listing courtesy of Solutions Real Estate

Equal Housing Logo

Brent Hammonds

Associate Broker

Solutions Real Estate

Cell: (602) 717-3219

Search the Greater Phoenix Area MLS

24/7 Access

City Specific Searches

Exclusively for Luxury Homes

Bargain Homes for Sale

Litchfield AZ Home for Sale-4 Bedroom-Great Romm Plan-Pool-Den-Dreaming Summit

$157,000

Dreaming Summit home for sale,located just north of Litchfield Park Arizona, this subdivision has 1785 homes and approximately 80 acres of parks, natural wash, and landscaped common areas. This beautiful house has 4 bedrooms and 2 full bathrooms and is for sale now in this beautiful subdivision: Dreaming Summit. This home for sale has a huge study room, 2 car garage and a cover patio. The master bedroom has a very nice big bathroom with double sinks and a good size walking closet, this master bedroom has a backyard view to the private pool with waterfall. This home was built by Hacienda Builders with 2x6 frame. This beautiful home is near to shopping stores and walking distance from schools and Parks. Casa con alberca en Litchfield Park AZ. 4 habitaciones, y 2 banos,cochera para 2 autos.

Click here to see all photos and all details

Search All homes in the region at http://www.topazhomesearcher.com/

Brent Hammonds

Listing courtesy of Solutions Real Estate

Equal Housing Logo

Brent Hammonds

Associate Broker

Solutions Real Estate

Cell: (602) 717-3219

Search the Greater Phoenix Area MLS

24/7 Access

City Specific Searches

Exclusively for Luxury Homes

Bargain Homes for Sale

Amazing Price for This 6 Bedroom 3.5 Bath 4100+ Sq Ft with Pool Built in 2005 Copper Basin-San Tan Valley

$175,000

Great move in ready home! With a private pool! Pool is fenced and you still have yard for other things! Bedroom and 1/2 bathroom downstairs.Master bedroom has separate tub and shower and huge walk in closet.All rooms have walk in closets.Huge kitchen with center isle. Granite counter tops! Large formal family room and dining area, plus large great room off the kitchen with a huge pantry!Large lot for all your toys! Jack and Jill bedrooms upstairs -- like having private bathrooms!

Click here to see all photos and all details

Search All homes in the region at http://www.topazhomesearcher.com/

Brent Hammonds

Listing courtesy of Solutions Real Estate

Equal Housing Logo

Brent Hammonds

Associate Broker

Solutions Real Estate

Cell: (602) 717-3219

Search the Greater Phoenix Area MLS

24/7 Access

City Specific Searches

Exclusively for Luxury Homes

Bargain Homes for Sale

Horse Property-Corral-Stables-1.25 Acres-Guest House-Huge Workshop-Mountain Views

$264,900

Look no further! This horse property is located on 1.25 acres of land which includes a horse corral, a workshop, chicken coop and guest house! Mountain views!! Carpet,tile and ceiling fans throughout! Light, BRIGHT and enclosed Arizona room with tile and neutral two-toned paint! Buyer to verify all facts and figures.

Click here to see all photos and all details

Search All homes in the region at http://www.topazhomesearcher.com/

Brent Hammonds

Listing courtesy of Solutions Real Estate

Equal Housing Logo

Brent Hammonds

Associate Broker

Solutions Real Estate

Cell: (602) 717-3219

Search the Greater Phoenix Area MLS

24/7 Access

City Specific Searches

Exclusively for Luxury Homes

Bargain Homes for Sale

Ahwatukee Mountain Park Ranch 5 Bedroom Home for Sale-Stone Counters-Tennis

$315,000

Beautiful must see 5BR/3BA home located in Mountain Park Ranch; ceiling fans; vaulted ceilings; new Frigidaire appliances (stainless steel microwave, refrigerator, oven/range & dishwasher), stone countertops, walk-in pantry; washer/dryer stay; new custom interior and exterior paint; newer hot water heater; upgraded baseboards; cabinets in laundry room, utility sink; storage racks in 3 car garage with side entry to backyard; wood sills on windows; oak staircase; new faucets in 2nd & 3rd bathroom sinks; double doors to home with double security doors; wood blinds; large master bedroom; master bath with separate shower and garden tub,large his/her walk in closet; fruit trees in backyard; 3 community pools/spas, tennis courts, children's play area; hiking trails; First American Home Warranty;

Click here to see all photos and all details

Search All homes in the region at http://www.topazhomesearcher.com/

Brent Hammonds

Listing courtesy of Solutions Real Estate

Equal Housing Logo

Brent Hammonds

Associate Broker

Solutions Real Estate

Cell: (602) 717-3219

Search the Greater Phoenix Area MLS

24/7 Access

City Specific Searches

Exclusively for Luxury Homes

Bargain Homes for Sale

Phoenix-Ahwatukee Home for Sale-5 Bedrooms-3 Baths-Pool-Granite-3 Car Garage

$364,500

Lakewood Ahwatukee subdivision. 5 bedroom/3 bath home with 3 car garage. Corner lot with large backyard, private pool, professionally landscaped. Eat in kitchen open to HUGE family room. Formal living and dining. Three bedrooms upstairs, two downstairs. Remodeled master bath with custom cabinets, dual sinks, and walk in shower with bench. Walk in closets through out. Granite counter tops, tile flooring, carpet. Walking distance to greenbelt, lake, park and schools.

Click here to see all photos and all details

Search All homes in the region at http://www.topazhomesearcher.com/

Brent Hammonds

Listing courtesy of Solutions Real Estate

Equal Housing Logo

Brent Hammonds

Associate Broker

Solutions Real Estate

Cell: (602) 717-3219

Search the Greater Phoenix Area MLS

24/7 Access

City Specific Searches

Exclusively for Luxury Homes

Bargain Homes for Sale

Phoenix AZ Housing Market Update-Buyer's Market or Seller's Market?

Here is the Market Update through the end of December 2011 for the Greater Phoenix Area:

Inventory (All Areas & Types in MLS): Total active listings have dropped by 1376 units over the beginning of last month. As of January 11, we sit at 25,342 Actives for Single Family Homes and Condos. Sales are at 7042 for the last 30 days (as of January 11th), up by 53 units from December 2011. We are currently sitting at a 3.6 months of supply. If you subtract out the AWC Contracts (which are included in Actives in the Cromford Report), we are at an approximate 3.0 months of supply. Traditionally, 3-4 months of supply indicate a balanced market. Now is the time to take listings!

Distressed Market Pie Chart: This chart shows you the percentage of distressed properties that are being listed and sold. Short Sales represent 32% of the Closings for December (compared to 30% in November) and 36% of the active Listings for a 3.9 Months of Supply. Distressed Sales (Short Sales and REOs combined) accounted for 59% of the total sales for December. REO Sales have taken a dramatic drop to 27% of the sales from 30% last month. The listing success rate for Short Sales is 60.8%! Don't avoid these listings! They are closing with greater success rate!

Closings (Maricopa County: New Construction and Re-Sales): There were 7806 closings in December 2011 vs. 6975 closings in November 2011, which equates to a 11.9% increase. There were 6991 closing in December 2010, which is a 11.7% year-over-year increase for 2011. And, for the entire year of 2011, there was a 9% increase in sales over the year of 2010!

Reality Check: The Median Sold Price for Maricopa County for December 2011 was $129,214, which is up .4% from November 2011. In December 2006, the Median Sold Price was $265,000! In December 2000, the Median Sold Price was $138,286. Use this at your listing appointments to help explain what has happened to our market and get realistic list prices!

Luxury: The Luxury Market of $1,000,000+ continues to have the lowest absorption rate of any market segment. There was a 6% absorption rate for the month of November. Only 66 properties in all of the MLS were sold for more than $1,000,000 in December 2011.

NUMBER OF MONTHS OF SUPPLY

East Valley: 2.5
Northwest: 3.6

Paradise Valley: 8.8

Luxury ($1mil+): 16.4

Southwest: 2.7

Peoria/Glendale: 2.6

Camelback Corridor: 3.7

Cave Creek: 4.3

Ahwatukee: 2.9

Scottsdale: 5.7
Apache Junction: 3.3

Fountain Hills: 6.6

Buckeye: 3.1

Desert Ridge & Tatum Corridor: 1.9

For a Free Comparative Market Analysis on your Home or to Search the Phoenix Area MLS for Homes for Sale Contact:

Brent Hammonds, Associate Broker, CDPE

Solutions Real Estate, LLC

9375 E. Shea Blvd STE 251
Scottsdale, AZ 85260

Phone: 602-717-3219

AzBrokerBrent@gmail.com

Fax: 877-500-1776

Search the Greater Phoenix Area MLS

Search Exclusively for Luxury Foreclosures

Saturday, January 21, 2012

The Clock is Ticking on Mortgage Debt Relief Act-Arizona Homeonwers-ACT NOW!

2012 is a very important year for anyone who is thinking of short selling their home. A very important law expires at the end of this year, a law that can save a homeowner thousands of dollars of taxable income that results from short sales and foreclosures. If a homeowner waits too many months this year, they may be stuck paying thousands of dollars in taxes that could be avoided if they take action this year.

In 2007, Congress passed the Mortgage Debt Relief Act of 2007. This Act is critical to someone who is losing their home to a foreclosure/trustee’s sale or short sale. When someone loses a home to trustee’s sale or a short sale and the bank doesn’t get paid back in full, this deficiency amount will be sent to the person in the form of a 1099. The problem with the 1099 is that the IRS calls this “forgiven debt income,” which is another way of saying that you now have to pay the taxes on the amount that was forgiven as if you had actually earned that money.

For example...If you have a loan of $250,000 and your home short sold for $150,000, there is a deficiency of $100,000 (the difference between what you owe and what it sold for). The bank/lender will send you a 1099 for that $100,000. When you file your taxes, you have to include that $100,000 on your return as if you had actually earned it, and the IRS expects you to pay taxes on that amount – even though you never saw the money, never had the chance to withhold taxes, or in any way prepare for that huge tax hit!

In general, The Mortgage Debt Relief Act states that if it is your principal residence, and the money that was forgiven was money that was used to buy, build, or improve your principal residence, you are going to be able to deduct all the money that was used for that purpose, up to $2million. This law has saved many home owners thousands of dollars by not having to pay taxes on that forgiven amount. The problem is that this law expires at the end of 2012. In order to benefit from it, your home must short sale or foreclose on or before December 31, 2012. After that, this benefit will no longer be available.

What this means is that a homeowner needs to decide in the next few months what they are going to do, because the average short sale is 4-6 months and the average foreclosure/trustee’s sale is 6-9 months, if a homeowner waits until next fall before they decide what to do, it may be too late.

No one wants to lose their home. However, if that is going to happen, you don’t want to be stuck paying thousands of dollars in taxes when you could avoid it. Now is the time to get the information to determine what your options are.

The information in this is general in nature, and specific circumstances may be treated differently. Because of this, it is critical that someone get professional advice for their specific situation so they can make an informed decision. Now is the time to act!

Brent Hammonds, Associate Broker, CDPE

Solutions Real Estate, LLC

602-717-3219

Fax: 877-500-1776

AzBrokerBrent@gmail.com

Search the Greater Phoenix Area MLS

Search Exclusively for Luxury Foreclosures