Sitting with a group of Realtors recently, the question came up: Are investor sales tapering off? We were all commenting that we were seeing increases in 1st time home buyers, relocations, vacation home buyers, even move-up buyers. “Normal” home sellers are starting to reemerge. So out of curiosity, the question was asked – Are investors [...]
Investors
Checking in with the Cromford Report today, I found data for Scottsdale home sales to investors, specifically landlords. These properties were purchased to hold and rent to a third party (not a relative), and were recorded with the county recorder at the time of purchase. Looking at the long-term picture, since 2003, almost 13% of [...]
From John Packham, Government Affairs Director, at the Scottsdale Association of Realtors: Misleading emails and other communications about the 3.8% Medicare tax in the health care reform law continue to circulate. You might have received one or more of these emails. The messages usually say that the 3.8% tax is imposed on unearned income that [...]
photo credit: TheTruthAbout Fletcher Wilcox from Grand Canyon Title Agency recently emailed me a report for the Phoenix Metro area, “Should You Rent or Buy a Single Family Home?”, where he has analyzes and answers the question: Is it cheaper to pay rent on a single family home or pay a mortgage on a single [...]
I just got off the phone with one of my clients who decided to list his house for lease also. The sale of his Scottsdale patio home has been complicated by some major community renovations, which for the long-term, add tremendous value, but for the short-term do nothing in terms of curb appeal. Winter visitors [...]
I wrote a lease yesterday for some new clients who are moving to the area. They’d already done some significant research on schools and commute times, and we talked more about some of the other resources that are available to them. One of the tools that they needed to know about is the Arizona Residential Landlord [...]
