As the number of foreclosed houses in the Valley grows, potential buyers need to remember a simple message.
A foreclosed property is always sold - "as is".
Banks and financial institutions that now own the property have no knowledge of the history of the house.
You have to make sure you inspect the home and all its systems such as A/C, pool, water, everything.
Some foreclosed homes are in excellent condition and some are totally destroyed and in need of significant repairs. This is not necessarily bad, homes can be repaired, systems can be replaced, but you need to know it before you undertake any purchase.
Research should extend beyond home inspections. Location and specific neighborhood details are also important.
Our advice - make sure you get assistance from a "qualified" real estate professional.
This Blog is brought to you by the 777Team. The 777Team specializes in Scottsdale Luxury homes, investment properties, Scottsdale real estate, Phoenix real estate, or real estate in any of the surrounding Valley Cities, such as Paradise Valley, Pinnacle Peak, Tempe, Chandler, Mesa, Cave Creek, Carefree, Glendale, Peoria and others. Buyers, Sellers or Investors are encouraged to visit the 777Team's website at www.e-Scottsdale.com as it is designed to be a one-stop source for all real estate information and consumer research for properties throughout our Valley Cities and community information.
Saturday, July 12, 2008
Friday, June 06, 2008
9681 E Poinsettia Scottsdale AZ La Cienega
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Magnificent Santa Barbara style luxury Home in the La Cienega Subdivision.
True one-of-a-kind, exquisitely designed & remodeled, Santa Barbara style home.
The large backyard includes a heated Pool with two rock waterfall features, expanded grass areas and an 889 sq. ft. covered entertainment patio with gas fireplace and built-in BBQ.
Some of the features include formal Dining & Living Room with elegant coffered ceilings, Guest Quarters w/private entrance, Library/Den/Office, Chef’s Kitchen, Family Room with custom wet-bar, four gas fireplaces, fire sprinklers, dual zone A/C system, energy efficient dual-pane windows, sound, intercom, alarm, etc. Many more amenities and features you would expect in a fine luxury custom home (see MovieWalk(c)).
This Blog is brought to you by the 777Team. The 777Team specializes in Scottsdale Luxury homes, investment properties, Scottsdale real estate, Phoenix real estate, or real estate in any of the surrounding Valley Cities, such as Paradise Valley, Pinnacle Peak, Tempe, Chandler, Mesa, Cave Creek, Carefree, Glendale, Peoria and others. Buyers, Sellers or Investors are encouraged to visit the 777Team's website at www.e-Scottsdale.com as it is designed to be a one-stop source for all real estate information and consumer research for properties throughout our Valley Cities and community information.
3208 N Ladera Circle, Las Sendas Mesa AZ
True one-of-a-kind Hacienda-style home. (Click here for Video Tour)
Large center Courtyard includes Pool, Spa & entertainment yard w/full BBQ area. Some of the features include Theater Room, Exercise Room, Game Room, separate Guest Quarters, Library/Den/Office w/private entrance, Panoramic Deck w/breathtaking views, fire sprinklers, computerized home w/lighting, A/C, sound, alarm, etc.
Many more amenities and features you would expect in a fine luxury custom home (see website detailed descriptions).
This Blog is brought to you by the 777Team. The 777Team specializes in Scottsdale Luxury homes, investment properties, Scottsdale real estate, Phoenix real estate, or real estate in any of the surrounding Valley Cities, such as Paradise Valley, Pinnacle Peak, Tempe, Chandler, Mesa, Cave Creek, Carefree, Glendale, Peoria and others. Buyers, Sellers or Investors are encouraged to visit the 777Team's website at www.e-Scottsdale.com as it is designed to be a one-stop source for all real estate information and consumer research for properties throughout our Valley Cities and community information.
Monday, January 28, 2008
FREE SCOTTSDALE DOWNTOWN TROLLEY TO ACCOMMODATE SUPER BOWL RELATED EVENTS (JAN. 28 - FEB. 3)
The City of Scottsdale Arizona will provide a Downtown perimeter trolley route for Super Bowl Week (starting Monday, Jan. 28 through Sunday, Feb. 3).
The Downtown perimeter trolley route will replace the current trolley route for this week only and will provide extended service until 3 a.m. on Friday, Feb. 1 and Saturday, Feb. 2 when many of the Super Bowl related events are occurring. The perimeter route provides easy access and drop off points for hotel shuttles to connect with the trolley.
Four park and ride lots will be available for visitors with cars to access Downtown. These lots will help reduce congestion Downtown and make it more convenient for visitors who are unfamiliar with the area.
A Super Bowl trolley map is available on the City's Super Bowl Web page at:
http://www.scottsdaleaz.gov/events/sb2008.asp
This Blog is brought to you by the 777Team. The 777Team specializes in Scottsdale Luxury homes, investment properties, Scottsdale real estate, Phoenix real estate, or real estate in any of the surrounding Valley Cities, such as Paradise Valley, Pinnacle Peak, Tempe, Chandler, Mesa, Cave Creek, Carefree, Glendale, Peoria and others. Buyers, Sellers or Investors are encouraged to visit the 777Team's website at www.e-Scottsdale.com as it is designed to be a one-stop source for all real estate information and consumer research for properties throughout our Valley Cities and community information.
The Downtown perimeter trolley route will replace the current trolley route for this week only and will provide extended service until 3 a.m. on Friday, Feb. 1 and Saturday, Feb. 2 when many of the Super Bowl related events are occurring. The perimeter route provides easy access and drop off points for hotel shuttles to connect with the trolley.
Four park and ride lots will be available for visitors with cars to access Downtown. These lots will help reduce congestion Downtown and make it more convenient for visitors who are unfamiliar with the area.
A Super Bowl trolley map is available on the City's Super Bowl Web page at:
http://www.scottsdaleaz.gov/events/sb2008.asp
This Blog is brought to you by the 777Team. The 777Team specializes in Scottsdale Luxury homes, investment properties, Scottsdale real estate, Phoenix real estate, or real estate in any of the surrounding Valley Cities, such as Paradise Valley, Pinnacle Peak, Tempe, Chandler, Mesa, Cave Creek, Carefree, Glendale, Peoria and others. Buyers, Sellers or Investors are encouraged to visit the 777Team's website at www.e-Scottsdale.com as it is designed to be a one-stop source for all real estate information and consumer research for properties throughout our Valley Cities and community information.
Tuesday, January 01, 2008
SCOTTSDALE BUSINESS ACTIVITY UPDATE
** On year-to-year basis, the median home price for the Valley dipped to $240,000 in November compared with $259,000 in November 2006, a drop of 7.9 percent, the lowest monthly median since May 2005.
In Scottsdale the median price declined 13.5 percent to $544,645 from November 2007 to November 2006. Median prices for Scottsdale over the past two years have fluctuated from a high of $640,000 in June 2006 to $535,000 in September 2007.
The national median existing-home price for all housing types was $207,800 for October, down 5.1 percent from October 2006.
** In 2007, 22 restaurants in Scottsdale were selected to receive Wine Spectators 'Award of Excellence' for their wine lists.
** Scottsdale-based Alanco Technologies, Inc. recently announced its subsidiary was awarded a pilot contract to demonstrate a new system at a high security government facility to monitor water contaminants and radioactive materials. A solar power feature allows the units to be located virtually anywhere on earth.
The new remote monitoring system is capable of continuously sampling a wide variety of environmental variables and transmitting data to a central monitoring authority at a lower cost compared to current sampling and transport practices for remote locations.
** Grunberg Realty in New York City paid $54 million, or $215 per sqare foot for the Scottsdale Executive Office Park, a 251,588-sf complex located at Via de Ventura and Hayden Road. The seller bought the property in March 2006 for $47.93 million from a private investor who had acquired it six months earlier for $37 million.
** Scottsdale-based Five Star Development is developing a 'green center' in El Paso, Texas. The 2.1 million-sf mixed use development is considered by Five Star to be a prototype for other green/LEED certified developments.
This Blog is brought to you by the 777Team. The 777Team specializes in Scottsdale Luxury homes, investment properties, Scottsdale real estate, Phoenix real estate, or real estate in any of the surrounding Valley Cities, such as Paradise Valley, Pinnacle Peak, Tempe, Chandler, Mesa, Cave Creek, Carefree, Glendale, Peoria and others. Buyers, Sellers or Investors are encouraged to visit the 777Team's website at www.e-Scottsdale.com as it is designed to be a one-stop source for all real estate information and consumer research for properties throughout our Valley Cities and community information.
In Scottsdale the median price declined 13.5 percent to $544,645 from November 2007 to November 2006. Median prices for Scottsdale over the past two years have fluctuated from a high of $640,000 in June 2006 to $535,000 in September 2007.
The national median existing-home price for all housing types was $207,800 for October, down 5.1 percent from October 2006.
** In 2007, 22 restaurants in Scottsdale were selected to receive Wine Spectators 'Award of Excellence' for their wine lists.
** Scottsdale-based Alanco Technologies, Inc. recently announced its subsidiary was awarded a pilot contract to demonstrate a new system at a high security government facility to monitor water contaminants and radioactive materials. A solar power feature allows the units to be located virtually anywhere on earth.
The new remote monitoring system is capable of continuously sampling a wide variety of environmental variables and transmitting data to a central monitoring authority at a lower cost compared to current sampling and transport practices for remote locations.
** Grunberg Realty in New York City paid $54 million, or $215 per sqare foot for the Scottsdale Executive Office Park, a 251,588-sf complex located at Via de Ventura and Hayden Road. The seller bought the property in March 2006 for $47.93 million from a private investor who had acquired it six months earlier for $37 million.
** Scottsdale-based Five Star Development is developing a 'green center' in El Paso, Texas. The 2.1 million-sf mixed use development is considered by Five Star to be a prototype for other green/LEED certified developments.
This Blog is brought to you by the 777Team. The 777Team specializes in Scottsdale Luxury homes, investment properties, Scottsdale real estate, Phoenix real estate, or real estate in any of the surrounding Valley Cities, such as Paradise Valley, Pinnacle Peak, Tempe, Chandler, Mesa, Cave Creek, Carefree, Glendale, Peoria and others. Buyers, Sellers or Investors are encouraged to visit the 777Team's website at www.e-Scottsdale.com as it is designed to be a one-stop source for all real estate information and consumer research for properties throughout our Valley Cities and community information.
ARIZONA BUSINESS CONDITIONS INDEX CLIMBS BACK ABOVE 50
The seasonally adjusted Arizona Business Conditions Index rose to 53.8 in October from 48.2 last month, an 11.5 percent increase.
An Arizona Business Conditions Index reading of over 50 indicates that the local economy is growing, while a reading below 50 suggests a slowdown in the overall level of economic activity in the near term.
After dipping below the critical 50-mark in September, the index recovered above the 50-mark in November, a high enough figure to abate any worries about a deep impending recession, although the reading was hardly a strong statement on the current local economy.
This Blog is brought to you by the 777Team. The 777Team specializes in Scottsdale Luxury homes, investment properties, Scottsdale real estate, Phoenix real estate, or real estate in any of the surrounding Valley Cities, such as Paradise Valley, Pinnacle Peak, Tempe, Chandler, Mesa, Cave Creek, Carefree, Glendale, Peoria and others. Buyers, Sellers or Investors are encouraged to visit the 777Team's website at www.e-Scottsdale.com as it is designed to be a one-stop source for all real estate information and consumer research for properties throughout our Valley Cities and community information.
An Arizona Business Conditions Index reading of over 50 indicates that the local economy is growing, while a reading below 50 suggests a slowdown in the overall level of economic activity in the near term.
After dipping below the critical 50-mark in September, the index recovered above the 50-mark in November, a high enough figure to abate any worries about a deep impending recession, although the reading was hardly a strong statement on the current local economy.
This Blog is brought to you by the 777Team. The 777Team specializes in Scottsdale Luxury homes, investment properties, Scottsdale real estate, Phoenix real estate, or real estate in any of the surrounding Valley Cities, such as Paradise Valley, Pinnacle Peak, Tempe, Chandler, Mesa, Cave Creek, Carefree, Glendale, Peoria and others. Buyers, Sellers or Investors are encouraged to visit the 777Team's website at www.e-Scottsdale.com as it is designed to be a one-stop source for all real estate information and consumer research for properties throughout our Valley Cities and community information.
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