Central Phoenix

Most expensive bank-owned home in Phoenix

Bad MLS Photos

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It’s located at the Biltmore Estates golf course. Got a cool $7 million? All 18,000 square feet of this mansion can be yours. It’s only the market for 6 months, too, which in the land of luxury real estate is about 1/10th of a second. Last December (was that a mere 10months ago?) it was [...]

20 September 2011 Read the full article →

Most expensive REO

Central Phoenix

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Here it is, folks, the most expensive REO bank owned foreclosure home currently for sale in the metro Phoenix, Arizona MLS database. For a mere $18 million, this estate can be yours. Seven bedrooms and 10 bathrooms, and over 17,000 square feet of living space. The home boasts two swimming pools, a billiard room, 3 [...]

25 July 2011 Read the full article →

Phoenix foreclosure bargains #1

Central Phoenix

Metro Phoenix can be a real estate investor’s wonderland, or your worst nightmare. It’s all in whether you choose your residential investment property carefully. Or not. From time to time, we here at The Phoenix Agents @ Thompson’s Realty like to point out those too-good-to-pass-up houses. Here’s one…it’s a complete fixer-upper but priced about $30,000 [...]

22 June 2011 Read the full article →

44 Monroe converts to apartments

Central Phoenix

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In a nod to the general bad economy and the extra-bad resale condo market in Metro Phoenix, the hi-rise known as 44 Monroe in downtown Phoenix will convert from condos to apartments. Why? Many, many reasons. The economy continues to be sluggish. Condo financing has all but dried up. The condo rental market has been [...]

5 January 2011 Read the full article →

Pets abandoned in foreclosure homes

Central Phoenix

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A shocking number of dogs and cats have been rescued from local foreclosure and short sale homes where their owners have abandoned them, leaving them to starve to death. Your donation of food and supplies will help to save the lives of these homeless pets who have been rescued by Lost Our Home Pet Foundation. [...]

8 December 2010 Read the full article →

Phoenix’s reverse traffic lanes: vote!

Central Phoenix

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(image credit to Stock Exchange user http://www.sxc.hu/photo/1280927; hat tip to Downtown Phoenix Voices.org for leading me to the survey) The City of Phoenix is offering a survey on the usefulness or danger of their “reverse traffic lanes” on 7th Avenue and 7th Street. I personally think these reverse lanes are an innovative method of handling [...]

25 October 2010 Read the full article →

Bother your Realtor. Please.

Buyer Help

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Recently a consumer visited our website to search the MLS and submitted an online question about a home she found there. I sent her our standard “thanks for visiting our site, let us know if we can help” email. This is the rest of the email exchange between she and I. Thank you for getting [...]

24 October 2010 Read the full article →

Changes to lead paint rules

Central Phoenix

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Updated April 23  – Fantastic website launched by the EPA, HUD, the Ad Council and the Coalition to End Childhood Lead Poisoning. Get the facts about lead paint, prevention tips, and guidelines for Do It Yourself home renovations involving the potential to disturb lead paint. (LeadFreeKids.org) As of April 22, 2010 federal laws regarding safe [...]

19 April 2010 Read the full article →

The way we were in the 1950s

Central Phoenix

I’ve heard about these things existing. They’re an urban legend, sort of. I knew they were out there but I’d never seen one in person. Until now. This is the text of the original CC&Rs on a property my buyer is purchasing at 24th St & Indian School in downtown Phoenix (the neighborhood was built [...]

17 April 2010 Read the full article →

Fannie Makes It Harder to Buy Condos?

Central Phoenix

I’m a little late getting out the ‘press release’ type post on this data, but I’ve been too busy selling condos. Actually that’s not meant to be a joke. I’ve been selling condos lately, but the buyers have been paying cash. I have heard from my lenders that condo financing is scarce, so I take [...]

3 April 2009 Read the full article →

Wall Street Journal Quotes The Phoenix Agents

Buyer Help

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To readers who found us via Realtor Heather Barr’s quote in today’s Wall Street Journal article “Bargain Hunters Descend, Cash in Hand”, welcome! We’re glad you’re here and hope you enjoy our blog content. Long-time readers who aren’t Wall Street Journal subscribers might have missed our mention.  The story is behind the WSJ’s subscription firewall [...]

25 February 2009 Read the full article →

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