So this is the beginning of summer and I just sold the house below which was purchased by a Canadian buyer, a stunning Edmunds/Toll semi custom home on the Palmer golf course, Wildfire at Desert Ridge. In this era of bank owned and short sale properties it is a rare treat to see a beautifully cared for home that was purchased new and had never been on the market before.  The transaction was very smooth as the buyer was well prepared and of course the home was in immaculate condition.

The real estate market is improving believe it or not after a very severe downturn particularly anything under $250,000. As an example I represent an investor buyer that is looking for $100,000 range homes with a pool......yes they are out there in some of the outer lying communities, this one, Surprise, AZ.  We recently closed a short sale property, a 3/2/2G about 1600 ft. built in 2003 for $95,000, a great deal, (rents for $1100), and we just offered on a bank owned property under listed at $109,900.  My client offered $115,100 since there was a $130K sold, the bank seller had multiple offers in 2 days on market and after receiving a muliple counter offer email he raised his offer to $117,000. It still wasn't enough, there were more than a dozen offers on that house.....yes this in June in Arizona!

Yield is the name of the game now and yes.......safety! Once the asset has dropped to a certain level there is no way to go but up. Many savvy investors are even using retirement funds to buy real estate...........yes, you can do it, but you must be careful with the setup and funds transfers, there are companies like Entrust that specialize in that type of transaction. 

Back to the market activity though, I live in North Scottsdale and watch my own subdivision like a hawk. While we aren't seeing prices go up we are finding that the ones that are out there on the market are the busy streeters or the junky bank ones, anything well priced and nice is going pending in a short time. It's encouraging although we are far from a hot market, just too much inventory and a very onerous lending environment.

SCROLL DOWN FOR VIRTUAL TOUR/PICS AND INFO ON THIS JUST SOLD HOUSE!!!

If you are buying or  selling real estate please give me a call/text 602-697-0962 or drop an email to me at tim@arizonarelo.com
I am a very experienced Buyer's Agent, father of two, married to Dianne from Vancouver, BC, Canada, longtime N. Scottsdale homeowner
Golf is the game on a sunny day when it's 100 degrees in mid June! It's a hot heat but we get used to it! Text or call, I'll get back to you right away!

Thanks! Tim 

Tim Henry, Broker
Arizona Relo Realty

602-697-0962 Direct      Toll Free   1-800-607-6560
Email: Tim@ArizonaRelo.com

Experience: 17 Years Full Time

1998-2009 Realty Executives, Scottsdale Ranch
2005 Double Diamond Award Top 1%, 2004 Diamond Award, Executive Club, 100% Club Awards
1994-1998 Century 21 Alliance and Investment Group
1996 Centurion Award Top 1%, Sold to Most Buyers Award
1994 Remax Sunquest Properties

 

NEW TO MARKET! Golf Lot! Original owners in model perfect condition! Palmer course at Wilfire at Desert Ridge, Gated Ironwood Greens Community  3084 Sq. Ft.  3 BR plus Den, 3 Bath, 3 Car Extended Garage, Waterfall Pool, Stunning Upgrades including full patio length retractable awning, outdoor built in BBQ and Kiva fireplace and serene golf course and desert mountain views!  Very private location near the end of a cul de sac....Open Sunday 12-4, Call Tim for gate code 602-697-0962  Address is 22853 N 55th St Phoenix, AZ 85054  From 101 exit at Tatum go north of Desert Ridge Mall to Ranger then take a right and continue until it ends at the Ironwood Greens gate, through gate right on 55th St to property Listings for Sale

 Virtual Tour Link Below!
 http://www.artwerkscreative.com/henry_22853_55thst/flash/

Check it Out!   Public Remarks: MODEL PERFECT ON THE PALMER GOLF COURSE AT WILDFIRE AT DESERT RIDGE**GATED**EDMUNDS/TOLL ORIGINAL OWNER**UPGRADED TO A PERFECT 10! INCLUDING FULL PATIO LENGTH RETRACTABLE AWNING**WATERFALL POOL**OUTDOOR KIVA & BBQ**PLANTATION SHUTTERS THROUGHOUT**GAS COOKTOP**OVERSIZED MAPLE CABINETRY**GRANITE TILE**DESIGNER PAINT**SOPHISTICATED SW FIXTURES/WINDOW TREATMENTS**CEILING MEDALLIONS**FAUX STAIN GLASS ENTRY**SPEAKER SYSTEM**RO**SEC SYSTEM**TANKLESS HOT WATER SYSTEM**GARAGE STORAGE CABS**GARAGE EXTENDED BY 8FT BUILDER UPGRADE**MASTER BR SPLIT MB SNAIL SHOWER**OVERSIZED TUB**A WHISTLE WAS NEVER THIS CLEAN!!IMMACULATE CONDITION!!!HIGHLY UPGRADED, GORGEOUS VIEWS, PRIVACY!!!THIS IS A 10!!!!    $599,000




















FIXER UPPER 4BR, 2 BATH, 1801 SQ. FT. with Newly Replastered Pool, North Scottsdale 8419 E. Bonita Dr.
1962 Hallcraft Built in near original condition, just need a little updating but very livable on a huge interior lot!
Open 12-4 Sunday July 11  $207,000 JUST SOLD! 

SUMMER LISTING SPECIAL!!
Call Tim today and ask about discounted listing fees as low as: 
                      
                         3%