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June 2012 Distressed Property Report for Greater Phoenix Arizona

July 15, 2012 by inVIVO realty Arizona

The Arizona MLS Distressed Property Report is for homes in the Metropolitan Phoenix area as well as residential real estate lying outside the Phoenix Valley perimeter.

There are three interactive maps included in this report, each specific to a type of distressed property: short sales, foreclosures, and a map of all distressed properties. Each map is a snapshot of the active distressed property as of June 30, and is grouped by area postal code. The percentage of active properties to distressed properties can be displayed by clicking on a dot.

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Filed Under: General North Phoenix Real Estate Blog Posts, Phoenix Arizona Real Estate Market Statistics, Real Estate Sales Data Tagged With: active, arizona, distressed, estate, foreclosures, homes, mls, phoenix, property, real, residential, sales, short

Ahwatukee Foothills Property for Sale Located at the Base of South Mountain

July 5, 2012 by inVIVO realty Arizona

This Ahwatukee Foothills property for sale is a traditional listing in the Greater Phoenix Valley located at the base of South Mountain (on the south side) and since the inventory of Ahwatukee for sale homes is always so low, this is a must see.

This Phoenix Arizona Ahwatukee Property for sale is a traditional real estate listing.Having Sonoran mountain views, this attractive home is located on a corner lot and offers a home buyer a backyard with mature landscaping and plenty of privacy as well as a large RV gate and firepit.

Along with granite countertops and plenty of upper and lower cabinetry space, this home’s spacious kitchen also includes a formal dining and living room plus the benefit of a breakfast nook area.

This Ahwatukee property listing could be a great investment or starter family home.This Ahwatukee home has many additional luxury features too. A few to note would be the large breakfast bar and pantry, the wood flooring on the first floor, the vaulted ceilings throughout the home where there is no upper level above, and the below ceiling windows which help to lend a spacious and open feel to the house.

The master bedroom balcony boasts serene mountain views, and the double sinks, separate tub and shower, and huge closet space make the master bathroom a tremendous part of the value of this home.

Within close vicinity to the house are biking and hiking trails at the Phoenix South Mountain Park. There is plenty of golf opportunity available at the nearby Ahwatukee Foothills and Club West golf courses, and to top it all off, Sky Harbor Airport is an easy commute.

Filed Under: General North Phoenix Real Estate Blog Posts, Property Listings Tagged With: ahwatukee, arizona, biking, course, foothills, golf, hiking, home, house, mountain, phoenix, property, sale, south, trails

Fireworks at Moon Valley Country Club on July 4th 2012 will not Take Place

July 3, 2012 by inVIVO realty Arizona

After speaking with the Moon Valley Country Club events planning staff and to my disappointment, they confirmed that the news is official and the Moon Valley Country Club will not be having July 4th fireworks on Wednesday.

The Moon Valley Country Club confirmed that it will not have a 4th of July 2012 fireworks display on Wednesday.We are only two days away from our Country’s Independence Day and my family’s plan was to walk across the street to the Moon Valley Country Club and watch their spectacular North Phoenix July 4th fireworks display. The weather was too dry and with the chances of a monsoon coming on Wednesday, the winds could have posed a problem.

Since the weather outlook for North Phoenix over the next five days calls for scattered thunderstorms and a 60% chance of rain, we have included a link to the Weather.com so you can monitor the weather over the next couple days. Do keep in mind that fireworks displays throughout the Valley often cancel if there is rain up to the beginning of the event.

If you are a Moon Valley home owner and you’re searching for a fireworks event in North Phoenix, click this link to find other Valley wide locations for displays.

Filed Under: General North Phoenix Real Estate Blog Posts Tagged With: 2012, 4th, club, country, fireworks, home, homeowners, july, moon, north, owner, park, phoenix, valley

Desert Ridge 4th of July 2012 Fireworks at Time of 9 pm at Aviano Community Park

July 2, 2012 by inVIVO realty Arizona

We are now only days away from our Country’s Independence Day celebration; my this year seems to be passing us by.

Desert Ridge home owners will celebrate 4th of July 2012 by bringing their friends and family to induldge in entertainment and fireworks at the Aviano Community Park this coming Wednesday.

Come to the Aviano Community Park in Desert Ridge to watch the 4th of July 2012 fireworks display.The pre fireworks festivities will commence at 6:30pm and there is no fee for admission; the events are free. The fireworks will start at 9:00pm and go on until 9:30pm.

If you plan on driving to the Aviano Community Park, please make sure you arrive early for parking as spaces will be in short supply. Residents of the North Phoenix community of Desert Ridge are encouraged to walk (if it is weather permitting) which should make for much less traffic congestion for the Desert Ridge and Aviano home owners.

Do note that if we have rain up to the beginning of the events, the events and the fireworks display will be cancelled. Track your weather by clicking here. Currently, scattered thunderstorms and a 60% chance of rain are on the forecast for 4th of July .

From all of us at 360RealEstateTeam.com, please have a very safe July 4th holiday.

Filed Under: General North Phoenix Real Estate Blog Posts Tagged With: 2012, 4th, aviano, community, desert, fireworks, home, homeowners, july, north, owner, park, phoenix, ridge

Phoenix Arizona Short Sale Homes Mortgage Debt Relief Act Expires at End of 2012

June 27, 2012 by inVIVO realty Arizona

In 2007, an instrument was designed which would allow taxpaying homeowners the ability to exclude having to show certain discharged debt relating to their principal residence as income when filing their tax returns. This instrument is named The Mortgage Debt Relief Act of 2007 and states that any debt that has been reduced in connection with a mortgage restructuring, a foreclosure, or a short sale, qualifies for the relief under this act.

Through this Mortgage Debt Relief Act, a homeowner may have as much as $2 million of debt forgiven ($1 million if married filing separately) depending on the homeowner’s unique set of circumstances. What Phoenix homeowners may not realize is that the Act only applies to debt which is forgiven within the calendar years of 2007, 2008, 2009, 2010, 2011 and 2012.

Decide on the short sale of your Phoenix home because debt forgiveness ends in 2012.If you own Phoenix real estate as a primary residence and you have been considering the short sale of your home, you need to make a determination as soon as possible because if you decide to short sale your property and you want to reduce your associated tax liability, you need to settle the short sale transaction and associated agreement for debt forgiveness before to the end of 2012.

Due to this narrowing window of opportunity, there will surely be a big push in the real estate industry to get homeowners considering the short sale of their house to move quickly; we would not be surprised to see a backup of transaction processing within the distressed homeowner departments of many large banks due to this timeline crunch.

If you have decided to short sale your Phoenix home, make sure you first consult a professional tax specialist. Then, contact our team of Phoenix short sale specialist real estate agents for your home valuation and listing. We handle all aspects related to the listing and COE of these transactions, from the initial property listing through the negotiation of all attached debt and final closing of escrow.

Filed Under: General North Phoenix Real Estate Blog Posts, Real Estate Sales Data Tagged With: debt, estate, forgiveness, home, house, mortgage, phoenix, property, real, relief, sale, short

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