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July 01, 2009

Phoneix Area Homes For Sale Get Even More Internet Exposure by The Urban Team & List Hub

The Urban Team is proud to announce we have expanded our Internet presence once more. Sure we have our Urban Team web site, we have the Urban Life blog site and the Real Estate Investing 101site, but now our listings (homes for sale in Greater Phoenix) are getting even more Internet exposure due to an enhanced relationship with ListHub.

ListHub is a syndication site that takes our client's listings and places them on over 30 of the top consumer real estate search sites in the World. Since over 80% of today's real estate buyers search for homes on the Internet, having our client's homes, condos, townhouses, and land visible to the greatest number of buyers is one of our main goals.

Our client's listing are now found on a bevy of the top sites available including:

Yahoo Real Estate
Trulia
Realtor.Com (We are an enhanced member giving top placement for our listings)
Google base
AZCentral.com
Zillow.com
AOL Real Estate
HomeFinder.com
Enormo (International Home Search Site)
eRealInvestor.com
ListHub Lycos.com
Military.com
MyNewPlace.com
Frontdoor.com(HGTV Site)
CyberHomes.com
SearchHomes.com
InvestorLoft.com
Hotpads.com
MyRealty.com
CLRsearch.com
Walmart
Fizber.com
BackPage.com
OpenHouse.com
oodle.com
Local.com
SecondSpace.com
Vast.com
Propbot.com
and more.

We are pretty darned excited about having ListHub syndication services as a marketing partner. Their Internet syndication skill gives our clients even more exposure and the best chance of finding the right person to buy their home.

Best wishes for your success...

Gene Urban
The Urban Team at Realty Executives
602-234-5777

June 26, 2009

WHERE TO WATCH FIREWORKS, PLAY AND HAVE FUN ON JULY 4TH 2009 in ARIZONA

4thofJuly1 Our "Where To" posts have become legendary. Now we offer the where to watch fireworks, have fun, lisen to music, and take kids on the fourth of July in Arizona. We have scoured every souce we could find to give the most complete list of 4th of July events for most every city and town in Arizona including Phoenix, Tempe, Scottsdale, Tucson, Prescott, Payson and many other cities. Wheterh you want to watch fireworks, attend a parade, listen to music or more, it's here on Urban Life. We hope you enjoy your 4th.

We've included links so you can find even more details. Have a safe fun forth of July.

ALPINE: Independence Day Celebration – parade, games, vendors, fireworks and historical military exhibition, vendors, fireworks, 928-339-4330 or www.alpinearizona.com

APACHE JUNCTION: 4th of July celebration – Superstition Shadows Aquatic Center, swimming and games for the kids. 10:00 2:00. 480-983-2181 or http://www.ajcity.net/index.aspx?nid=193 

APACHE JUNCTION: 4th of July Sand Volleyball Tourney -- Superstition Shadows Aquatic Center. Co-ed sand volley ball tournament 10:00 am,  Limited space, reservation required. 480-983-2181 or http://www.ajcity.net/index.aspx?nid=193 

APACHE JUNCTION: Fireworks Celebration – AJ High Football Stadium. 7:00 – 10:00 pm. Music of Jann & The Moondags, free watermelon, kids activities, 480-983-2181 or http://www.ajcity.net/index.aspx?nid=193 

AVONDALE: No events announced for the 4th of July.

BENSON: 4th of July Celebration - City Park, Festivites start at 9 am: Parade, Ronald McDonald, food, water fights (a popular local event), live music, fireworks begin at 8:30 pm with music afterwards.  520-586-4293 or www.bensonvisitorcenter.com

BISBEE: Annual Fourth of July Celebration – The folks in Bisbee really get into their 4th of July party. 9 a.m. Bisbee Coaster Races down Tombstone Canyon, the oldest and longest gravity-powered race in the U.S., also the Bisbee Iron Man Mile, parade at 11 am, ball games, fireworks, food booths, mining contests mucking & hard-rock drilling, 520-432-6016 or 520-432-5421 or www.discoverbisbee.com

BUCKEYE: No 4th of July events scheduled.

CAMP VERDE: Independence Day Celebration - Butler Park, old-fashion family fun, food, games, free watermelon, roasted corn by local Hauser farms, fireworks at 9 pm, free, 6-10 pm, 928-567-0535 ext. 135 or www.cvaz.org

CASA GRANDE: Fourth of July Celebration & Fireworks - Paul Mason Sportsplex, Red, White and Blue parade followed by the fireworks, 7:30 pm, 520-421-8677 or www.casagrandechamber.org

CHANDLER: 4th of July Celebration – Chandler is noted for their 4th of July party. It’s a family friendly event held at the newly expanded Tumbleweed Park. the party starts at 4 pm with free rides for the children, live music, classic car exhibit, and more. Fireworks at 9:30 pm, entry is free, $5 per vehicle for on-site parking, 480-236-9123 or www.visitchandler.com

CHANDLER/RAWHIDE: July 4th– A Star Spangled Shoot Out! - Rawhide Wild West Town, Best Dressed Cowboy & Cowgirl Costume Contest, music, family fun & fireworks display, $10.00 entry fee, kids under 5 are free, 480-502-5600 or www.rawhide.com

CHINO VALLEY: Family-Fun 4th of July - Old Home Manor Park, food, beer garden, entertainment, fireworks at 9:00 pm, free, doors open at 5:00 pm, 928-636-9780 or www.cv4th.com

Fireworks 3 CLARKDALE: Firecracker Express – Ride the rail on the 4th. Verde Canyon Railroad, celebrate with a barbeque and patriotic music, reservations required, 928-639-0010 or 800-293-7245 or www.verdecanyonrr.com

COTTONWOOD: 10th Annual Fantastic Family Fourth of July – This is a big community event with lots of activities. Cottonwood Kid’s Park, (12th St. & Cherry), kids inflatable play and water rides, food, pie & watermelon eating contests, live entertainment, fireworks scheduled to begin at 8:45, free, 4-9 pm, www.ci.cottonwood.az.us

DOUGLAS: 4th of July Fireworks & Celebration - Veterans Memorial Park, celebrations, golf tourney at 9:00 am, soccer play offs, fireworks, parade, live music during the day and night, and lots of  games, 520-417-7334 or www.douglasaz.gov

EAGAR-SPRINGERVILLE: 97th Annual July 4th Round Valley Rodeo & Parade – This is a real old fashion rodeo competition, bull riding & barrel racing competition, parade, fireworks, rodeo, BBQ, fireworks, $5, 9 am - 9 pm, 928-333-2123 or www.springerville-eagarchamber.com

FLAGSTAFF: Summer Concert – The Arboretum at Flagstaff, (4001 S. Woody Mountain Rd. 86001), in the gardens under the shade of the cool pines, bring a picnic dinner, beer & wine available, Rio Flamenco will entertain,  $10-12, 5:30-7 pm, 928-774-1442 or www.thearb.org

FLAGSTAFF: Rope America Fourth of July Team Roping – Mormon Lake Lodge, teams from across the country compete for prize money, live music, fireworks, free, 928-354-2227 or www.mormonlakelodge.com

FLAGSTAFF: 13th Annual 4th of July Parade - Historic Downtown, old-fashioned community parade, 100 entries include vintage vehicles, dancing, music, animals, floats, free, 9 am, 800-842-7293 or www.flagstaffarizona.org

FLAGSTAFF: 1st Annual Grand Canyon Renaissance Faire & Mountain Music Festival – (4th of July weekend), El Nathan Christian Campground, lots of entertainment, food and comedy, 10 am – 6 pm, http://www.gcrenfaire.com/ 928-635-2394

FLAGSTAFF: 3rd Annual Flagstaff Art in the Park Fourth of July Show – Wheeler Park. this is a juried show so no imports or mass produced art… just hand made fine art and crafts, live continuous music, food booths, kid’s activities, free, Sat 9 am – 6 pm, Sun 9 am – 4 pm, 928-556-9498 or http://www.flagstaffarizona.org/fourth/index.html

FLORENCE: Freedom Fest - Florence Pool & Heritage Park, (600 N. Main St.), all-day family day event, horseshoe tournament, “Fiery Salsa” challenge,  red, family parade, pool activities, entertainment, vendors and fireworks show, 520-868-7589 or www.visitflorenceaz.com/

GILBERT: Old Fashioned 4th of July Celebration – Mesquite High School, kid’s games, community exhibits, food, rides and a grand fireworks at 9:00 pm. Free admission and parking. 4:00 – 10:30. 480-892-0056 or www.gilbertaz.com

GLENDALE: No 4th of July events scheduled.

GREER:  See Pinetop Lakeside

HEBER-OVERGAARD: Annual Independence Day Celebration – parade is Saturday at 11 am on, Festival in the Park at Tall Timbers Navajo County Park, with arts & crafts, food, entertainment, games, fireworks at Mogollon High School (call for times), 928-535-5777 or www.heberovergaard.org

JEROME: Jerome Art Walk – visit more than 30 of the unique art studios and galleries, meet the artists and see handcrafted art including jewelry, pottery, glass, leatherwork, clothing, paintings and sculpture and more made both locally and internationally, free, 5-8 pm, no scheduled fireworks.  www.jeromeartwalk.com

KINGMAN: Independence Day Celebration - Mohave County Fairgrounds, 3 pm games and family fun, 8 ball tourney, classic car show. 9:00 pm fireworks 928-753-2636 or www.mcfafairgrounds.org

LAKE HAVASU CITY: Fourth of July Fireworks Display – Rotary Community Park- 4:00 – 10:00 pm. Lots of games, music and spectacular fireworks from 9:00 –9:45 pm.  www.golakehavasu.com

LITCHFIELD PARK: 4th of July Celebration – Litchfield Park Pool (daytime Splash Bash) Honeysuckle Rd. (evening events) , enjoy an F-16 flyover, good food, a DJ, music and a great fireworks extravaganza., free, 7-10 pm, 623-935-9040 or www.litchfield-park.org

MARANA: Star Spangled Spectacular – Arizona Pavilions, free, 6-10 pm, family events, fireworks at 9:00 pm, 520-682-3324 or www.marana.com

MARICOPA: Great American BBQ – Pacaan Park,  hotdog eating contest, a water zone with blow up slides and water features, fireworks at dark, free, 6- 10 pm, www.maricopa-az.gov/news/bbq.php

MESA: Independence Day Celebration – Cancelled for 2009

MESA – Rock’in R Ranch: Old Fashioned 4th of July Spectacular – Wagon rides, gold panning, BBQ dinner, stage show, fireworks display, reservations recommended, $20-30, 480-832-1539 or www.rockinr.net

OATMAN: 18th Annual Sidewalk Egg Frying Challenge - and other eggciting events. This is a fun event like none other… the costumes and gadgets are pretty fun.  It’s free and starts at noon. No fireworks except for a few exploding eggs. 928-768-7400 or 928-768-6222 or www.oatmangoldroad.org

PAGE: Fourth of July - City Park, crafts, food, kids games and prizes, fire trucks spraying water, Native Navajo dancers, free, 11 am – 10 pm, Fireworks start at 9:00 sharp and said to be the largest display in northern Arizona. 928-645-2741 or www.pagelakepowellchamber.org

PARKER: C.R.I.T. Fireworks – Independence Day Blow Out on the River – Fireworks at duck at Four corners and a second display after the concert at blue Water Resort & Casino. 928-669-2174 or http://parkertourism.com/

PATAGONIA: Fourth of July Celebration - 11 am Parade with hanging of Grand Marshall at noon at Town Gazebo, music, food and vendors in the park all day.Fireworks scheduled for 8:00 pm at Patagonia High School, 520-394-0060 or 888-794-0060 or www.patagoniaaz.com

PAYSON: Independence Day Celebration - Green Valley Park,  food vendors, live netertainment,  kid games including gunnysack races, tug-of-war, and other activities. Starts at 8:00 am and the fireworks begin at 9:00 pm. 928-474-5242 ext 7 or www.paysonrimcountry.com

PEORIA: All American Festival – Peoria Sports Complex, two entertainment zones, (1 country and 1 rock and roll), an F-16 fly-over, food, kids zone and water zone, vendors, fireworks, $5, 12 & under free, 5-10 pm, 623-773-7198 or www.peoriaaz.gov/specialevents

PEORIA: 2009 ARR Summer Series Race #3 – Rio Vista Community Park, 5K run, 5K walk, 6:30 am, 602-954-8341 or www.getsetaz.com or www.arizonaroadracers.com

PHOENIX: 24th Annual Freedom Wireless Fabulous Phoenix Fourth - Steele Indian School Park, two stages of entertainment including Furious George and the Groove Merchants, Kids World area, classic car show, vendors, free, 6:00 – 10:00 pm. Check for road closures. Metro Light Rail is a good transportation option. Blankets and lawn chairs allowed. No alcohol, glass containers or dog please. This event gets very crowded. 602-262-6862 or www.phoenix.gov

PINE: 29th Annual Pine-Strawberry Arts & Crafts Festival – Pine Community Center, 85+ arts & crafts booths, food, free, Sat 8 am – 5 pm, Sun 8 am – 4 pm, no fireworks at this event. 928-476-4480 or www.paysonrimcountry.com

PINETOP-LAKESIDE: Fireworks over Sunrise Lake- Sunrise Park Resort, big horseshoe tourney during the day. Fireworks over the lake at dusk, $5.00 per car,  800-772-7669 ext. 2303 or www.sunriseskipark.com

PRESCOTT: Frontier Days Parade – Courthouse Plaza, celebrate the history and heritage and the pageantry of this annual tradition, 9 am, No fireworks at this event,  866-407-6336 or www.worldsoldestrodeo.com

PRESCOTT: July 4th Celebration Event - Pioneer Park, craft tents for kids, contests, carnival games and rides, water slide, bungee jumping, pony rides, vendors, live music, food, free, carnival wrist band $15, noon – 10 pm, 928-777-1349 or www.prescott.org

PRESCOTT: 30th Annual Prescott Rodeo Days Fine Arts & Crafts Show - Courthouse Plaza, a juried show featuring on-site artisans and crafts persons from across the Southwest, music and entertainment, 9 am - 5 pm, 928-443-5220 or www.prescott.org

PRESCOTT: Rodeo Dance – M&I Bank parking lot, 8 pm – 1 am, 928-445-3103 or www.worldsoldestrodeo.com

PRESCOTT VALLEY: Prescott Valley 4th of July Celebration - Mountain Valley Park, water activities, concert, food and fireworks bring a lawn chair, fireworks begin at 9:00 pm. 928-759-3090 or www.pvchamber.org

SAFFORD: Fireworks, Independence Day Celebration - a morning parade down Main Street, at 10 am, fireworks presentation set to patriotic music from 7-9 pm at the Graham County Fairgrounds, 928-428-8515 or www.visitgrahamcounty.com

SEDONA: Fireworks are not allowed in Sedona.

SHOW LOW: Freedom Fest 2009 – A week long party in Show Low: Show Low High School Parking Lot and Football Field, features the best in music, activities and fireworks, watermelon eating contest, delicious treats, at dark the Show Low Fire Departments firework show, 3-10 pm, 928-537-2326 or www.showlowchamberofcommerce.com

SIERRA VISTA: 42nd Annual 4th of July Celebration - Veterans Memorial Park, (3105 E. Fry Blvd), on the 3rd at 5 pm a youth talent show followed by a street dance, on the 4th pets & people parade, entertainment, food, displays, bands play at 6 pm, largest fireworks display in Cochise County at dusk, free, 800-288-3861 or 520-266-2304 or www.visitsierravista.com

ST. JOHNS: International Water Ski Tournaments, Fireworks & Rubber Duck Race - Lyman Lake State Park, rubber duck race at 5 pm, fireworks at 8:45 pm, 928-337-4441 or www.azstateparks.com

SURPRISE: 4th of July Celebration – Surprise Stadium, live music by the Groove Merchants, water zone where parents and kids can play and stay cool, magicians, clowns and more. food & beverage booths, $2-10, 6-8:30 pm, fireworks can be viewed from the Community Park and 8 Acres Park for free. tickets are required for entry.  623-222-2000 or www.surpriseaz.com/specialevents

TAYLOR: Taylor 4th of July Celebration & Rodeo – Taylor Rodeo Complex, a flag raising ceremony, firing of the anvil, a BBQ, rodeos, dances, patriotic program and fireworks, a 10K & 2-mile run, softball, free swimming, fireworks, 928-536-7366 or 928-536-4331 or www.july4throdeo.com or www.snowflaketaylorchamber.org

Fireworks 4 TEMPE: July 4th Tempe Town Lake Festival - Fireworks Spectacular, concert event stage with Joey Arroyo, Calumet and more, inflatable kid's Ride village, vendors, water fun and games for the family, $8 or $15 for two, under 12 free, 4-11 pm, fireworks begin at 9:00 pm.  www.tempe4th.com

TOMBSTONE: Family Style 4th of July – Medigovich Field, softball tournament, games, food, city fireworks at dusk, www.tombstonechamber.com

TUBAC: Fourth of July Celebration – old-fashioned family fun, free games and crafts for the kids, fireworks in the evening, 520-398-2704 or www.tubacaz.com

TUCSON: Let Freedom Sing – Tucson Music Hall, Fourth of July concert featuring patriotic choral music by Arts Express Choir and Orchestra, 4 pm, 520-319-0400 or 520-791-4101 or www.visittucson.org or www.arts-express.org

TUCSON: July 4th Celebration – Tucson Convention Center, 520-791-4101 or www.ci.tucson.az.us

TUCSON: Nick Colionne concert – Loews Ventana Canyon Resort, (7000 N. Resort Dr.), jazz/funk guitarist, part of the Tucson Jazz Society’s Jazz in Style summer concert series, $35, 7 pm, 520-903-1265 or www.tucsonjazz.org

WICKENBURG: 38th Annual Fourth of July Celebration – Coffinger Park, fireworks, watermelon bust, fun & games, 5:30-9:30 pm, 520-684-5479 or www.outwickenburgway.com

WILLIAMS: Small Town 4th of July – 6 pm parade with Arizona Skyhawk Sky Jumper’s parachuting onto Rt. 66,  ice cream social, BBQ, fireworks display, and a special Centennial Fourth of July photo reenactment, visitors may dress in 1909 period clothing, 928-635-1418 or 800-863-0546 or www.williamsfestivals.com

WINSLOW: Fourth of July Fireworks - Emil Nasser Stadium, fireworks at dusk, free, 928-289-2434 or www.winslowarizona.org

YUMA: 23rd Annual Independence Day Flag Raising Ceremony - Caballero Park, includes a military color guard & firing party, patriotic music & speaker, 928-343-1715 or www.caballeros.org

We hope our Where To Watch, Play, Listen, and Have Fun on July 4th, 2009 is helpful. Send your friends to Urban LIfe if they want to know where to go too.

Best wishes as we celebrate our country and its people.

Gene Urban
The Urban Team at Realty Executives
602-234-5777

June 22, 2009

Foreclosures Are Rising in Greater Phoenix Again

We just posted an article on our investment site, Real Estate Investing 101, looking at the rise in foreclosures in the Greater Phoenix market.

It is sad news for too many homeowners finding themselves in trouble. The upside is this does allow new buying opportunities for those with down payment dollars and decent credit. We are seeing a wide variety of bank-owned homes, condos, land and even commercial property coming on market.

You can read the entire article about the rise in foreclosures by clicking on this highlighted text.

Take care and know we are here to answer your real estate questions and concerns.

Gene Urban
The Urban Team at Realty Executives
602-234-5777

June 17, 2009

Parlor Continues The Nello's Tradition with an Urban Flair

Urban-Team-review-parlor I enjoyed by first Nello’s pizza about 20 years ago and have been a fan ever since. Now we have one in the central Phoenix area… life is the region is just keeps getting better.

The Parlor is the latest offering from the Mei family with Dan's son, Aric, teaming up with noted Valley chef Jared Porter to create an inspired version of Nello’s.

The moment you drive up to Parlor you sense it’s not your typical pizza joint… how many mid-century modern pizza parlors do you know?

Aric must have had some fun designing/creating this place. The building is a blend of bare brick, a classic 50’s deco wall, recycled wood and fun remnants of the beauty salon that formerly called this place home.

I had a chance to sit down and chat with Monica Castillo, Parlor’s manager. She is a proud member of the staff here. Monica took me through the menu and offered fun tidbits of information.

  • The pizza dough uses the original Nello’s recipe and all breads, pastas and such are made on site.
  • Aric’s grandfather’s original sausage recipe was used to create their unique sausage and is artfully reproduced by the good people at Schreiner’s Sausage on 7th Street.
  • McClendon Farms, considered by many the top organic grower in our region, supplies produce and other tasty goods to the Parlor… they're the same grower that supplies Pizzeria Bianco and Tarbell’s. I bet chef Porter had something to do with that bit of luck since it’s not easy to get on McClendon’s customer list.
  • Several other locally-owned suppliers offer goods to the Parlor including Queen Creek Olives and Four Peaks Brewery

I tried their signature salad, Parlor Insalata, for lunch. It was a delightful mix of greens, feta, olives, salami and more. Best of all it wasn’t over dressed and the clean flavor of the organic ingredients shined.

A variety of build-your-own and signature pizzas, pasta, appetizers and salads offer patrons many choices.

IMG_1027 I look forward to taking a gang for dinner to try more of the menu. Prices are quite reasonable, especially when you consider everything is made from scratch with fine ingredients. It looks like a couple could have a great meal, a bit of vino and walk out spending under $40.00.

Parking is in the back and plentiful. Signage is subtle so be ready to pull in to the driveway just west of 20th Street on the north side of Camelback.

The Parlor
1916 E. Camelback  Phoenix, AZ
602-248-2480

____________________________________________

Best to you on your next dining experience...

Gene Urban
The Urban Team at Realty Executives
602-234-5777

June 11, 2009

How To Get Your Purchase Offer Accepted For Bank Owned -- REO Homes

Winning If you've tried to buy an REO or Bank owned property lately, you know it is not that easy. Many other buyers are in the hunt and the process is often frustrating and even angering. The big question on many buyer's minds is, "How do I get my offer accepted?"

We contacted a number of real estate agents who specialize in representing bank owned properties and solicited their opinion. We combined our personal experience with that of these listing experts to provide a number of tips that may help you win the bank owned home purchase battle. Below are the results:

  • Make sure you include all the necessary documents when presenting an offer. Many agents forget to include HOA addendum, Lead Based Paint (if it applies), LSR or other documents. Banks don't have time to chase down documents and may simply reject your offer from the get-go.
  • Be certain all signatures and initials are present. The banks tell us incomplete contracts are often rejected.  Also, keep
  • Don't present an offer without an LSR or proof of funds attached. Your proof of funds should be in the name of the buyer, recent, and from a reputable source. Some banks want the LSR to come from a lender who funds their own loans and not a mortgage broker.
  • We are told, at the time of this article, nearly 90% of the REO single-family homes under $125,000 receive multiple offers. This is not to say all the offers are above asking price, yet reason would suggest some will be. Many bank owned homes are aggressively priced and some buyers are willing to offer more than the list price if they feel it would still be a good deal.
  • Some buyers win the battle by waiving inspections. We feel this is a dangerous approach. Most buyers do not have the knowledge or skill to take this route and may end up buying a home with significant problems and costly repairs. Do not take this option casually.

  • Be kind and pleasant to the listing agent. Many REO agents are carrying huge work loads and the variables involved in representing banks can be a nightmare. As buyers agents we do our clients a service by being nice and patient with the listing agents... it's the honey principle.
  • We asked if cash buyers have a big advantage. Most indicated that cash is not necessarily a top consideration, yet it does offer some advantages from the seller's (bank/asset company) side. FHA and conventional loans have stipulations that may make it advantageous for them to accept a cash offer; Considerations includes, but not limited to:

    1.         Absence of appliances such as oven, cooktop, AC units, and dishwashers.
    2.         An empty pool, green pool, pool/spa with missing equipment.
    3.         Properties with missing toilets, sinks, showers or tubs.
    4.         Homes with mold issues.
    5.         Properties where the copper pipe has been striped.
    6.         Homes with excessive damage.
    7.         Units with active termites.
  • Every listing agent we talked with said to please be patient. Daily phone calls will not make things happen faster.

  • Make certain the buyer knows many banks require them to pay all closing costs including: buyers & sellers title insurance, escrow fees,  HOA transfer fees and such. This is a surprise to many when the HUD pre-audit comes. If the buyer does not have the needed funds and can not complete the transaction, he/she may lose their earnest money. This requirement is usually well-documented in the bank addendum.
  • If the bank asks for additional documents, addendum, counter offers and such... move quickly. Some offers are lost because the requests were not made in a timely manner.
  • If you are asking for closing cost contributions, many banks are set up to offer up to 3% of purchase price assistance. If you ask for more than 3%, it may create a special circumstance and cause the offer to be denied due to lack of conformity or delayed while the request goes to committee. We suggest you talk to the listing agent to ascertain bank policy on contributions.
  • If scanning the purchase offer and related documents, make the file in as small as possible. Scanning at 150-200 dpi is generally fine. Click here for some scanning tips.
  • Call the listing agent prior to sending your offer by fax or email and confirm receipt.  Purchase offers are often large files and sometimes email spam filters and even your own email hosting server will reject the file.
  • Give plenty of time to close escrow. If the property is in an HOA, understand it take more time to procure and process these documents. In addition, if your client is using lender financing, this can add to the time line. We like to call both the lender and escrow companies and ask them their suggested time lines. Look at the Bank's addendum to the contract as many have severe penalties for failing to close escrow on time.

We hope that this information is of help. As we get more information we will update this article. Special thanks to Ron Houston, Beth Jo Zeitzer, Cythia Kenner and Jeff Miller for their contributions.

Best to you,

Gene Urban
The Urban Team at Realty Executives
602-234-5777

June 03, 2009

Phoenix Convention Center... a strong part of downtown Phoenix success

Phx convention center I was asked to be a guest author on my good friend Nick Bastian's site, RailLife. Here is a little except and you can read the entire piece by going to RailLife.com.  Enjoy.

A quick hop north from the 3rd and Washington rail stop lays the expanded Phoenix Convention Center… a significant addition to the downtown area. The convention center began as Phoenix Civic Plaza in the 1960’s and has stretched into one of the top 20 convention sites in the Nation. (read the rest at RailLife)

Gene Urban
The Urban Team at Realty Executives
602-234-5777

 

May 27, 2009

Radiate Phoenix Meets at Switch and Talks Metro Light Rail

Radiate phoenixlogo Radiate Phoenix, the downtown non-traditional networking group, held their May meeting last night at Switch on Central. The topic for the meeting was the Valley Metro Light Rail system.

Approximately 50 people gathered in the lounge area at 5:30 to discuss the past, present and future of the light rail system. As is usual, new and old friends chatted a bit, caught up on life/business and discussed the latest news effecting the downtown region.

Radiate co-founder, Claudia Bullmore of Sky Marketing, led the formal meeting. Attendees were asked to introduce themselves and talk about their personal light rail usage. Next, we were introduced to our two speakers for the evening... Nick Bastian, Raillife.com founder and Marty McNeil, MarCom director for Metro Light Rail.

Lightrail1Marty McNeil opened the discussion and described light rail as a trans-formative tool for the Valley linking people, development and future possibilities. She went on to describe the biggest lesson learned so far is that the system is far more popular than their optimistic predictions. McNeil said, "We felt the system would exceed our guarantees to the Federal Government by about 25%, but the actual numbers are over 45%." 

Next, Nick Bastian talked about his involvement. A couple years ago he started his quest to better understand how and why a light rail system could/would be used. "There wasn't much out there" he said. Thus, RailLife.com was created to explore and discuss life on the Light Rail. Today, RailLife.com offers visitors a plethora of information about happenings, dining, shopping and social events along the light rail system. As Nick says, "The Light Rail is like a 4th city within 3 others."

The conversation moved to an interactive format with attendees offering thoughts and questions. I particularly enjoyed Nancy Levinson's comments. Nancy is the director of PURL, an architect, urban planner and darn fine thinker. Nancy said, "We spend too much on an outdated transportation system (freeways) rather than the system of the future (mass transit such as light rail.)

Too much else was discussed to include in this brief post... a good reason to attend for yourself. All in all it was another great event bringing people, ideas and information together in a social mix. Thanks to Claudia Bullmore, the gang at DPJ and Switch for making this happen.

Gene Urban
The Urban Team at Realty Executives
602-234-5777
Follow us @geneurban

May 26, 2009

Radiate Phoenix meets at Switch and Talks Metro Light Rail

Just a quick reminder that the Radiate Phoenix meeting for May is tonight. Details are below:

Theme/Topic: Phoenix Metro Light Rail
Speakers: Nick Bastian with RailLife.com and Marty McNeil with METRO Light Rail.
Location: Switch Restaurant & Bakery... 2603 N Central Ave  Phoenix, AZ 85004 (next to Durant's)
Time:  5:30 - 7:30

For those not familiar with Radiate Phoenix: We are a group of people interested in , committed to, intrigued by, and passionate about the downtown Phoenix region. Some of us are professionals in industries ranging from architecture, design, real estate, public policy and much more. Others are residents who love and care about their community. We are not a stuff your business card in a strangers face networking group.

If you care or would like to care about the downtown Phoenix community and don't know where to start, come Radiate with us.

Gene Urban
The Urban Team at Realty Executives
602-234-5777

May 21, 2009

Search Results for Arizona Foreclosure, Bank-owned Homes, Condos, Land and more

We've received a few emails asking us to provide an easy way to search and find the bank-owned listings in Arizona. The search tool at the end of this email will provide you with up-to-date information on the available bank-owned homes in the Greater Phoenix market as well as some, but not all listings in other cities around the State of Arizona.

WHAT'S GOING ON IN THE REO/BANK-OWNED HOME MARKET?

Today, the bank owned market in the Greater Phoenix area is a wild animal. In just the past 4-6 weeks the market has taken a huge shift as Investors are buying everything they can. The nicer bank-owned homes are getting multiple offers and many are cash deals.

Buyers are finding they have to be quick and nimble to compete in this market. Hours can mean all the difference and what you think is a done deal may not be due to loop-holes the banks put in their contract addendum's.

PhxPendings The graph shows the trend for Pending listings in the city of Phoenix only.


For those who like definitions, "Pendings" are properties with accepted contracts and have been submitted to title and escrow company for processing.

As you can see the sales trend is way up. Based on current ARMLS stats, the rise is sales is continuing at a fervent pace. Our current pending count is nearly 14,000 with another 4500 contracts waiting for a few T's to crossed and I's to be dotted before they convert to Pending.

Predictably, the active (for sale) home inventory numbers have fallen. Last Fall we saw inventory levels in the low-to-mid 50,000's; Today the number is just a hair over 36,000 and bank owned homes account for only 5300 listings.

Those who think they have missed the boat, we don't think so. Most every analytic tool we use says a truck load of new bank-owned homes are riding into town. Unemployment and other factors are causing even more people to loose their homes. It's not pretty and a lot of people will need our love, support and help this summer so be kind our there.

Below is our bank owned home search tool. The initial view show the 20 MOST EXPENSIVE bank owned homes on the market. We show this view for two reasons... one... Foreclosures can happen to anyone, two... Someone with money can make a lot on some of these high end homes.

A recent sale happened where a home worth 4.5 million in 2006 sold for 1.55 million. After a few, mostly cosmetic, repairs were made, the home could go back on the market at 2.99 million.

Have fun, explore the market and let us know if you have any questions... you know we're here for you. We hope you have a great Memorial Day weekend. Have fun, play hard and love your kids.

Gene Urban
The Urban Team at Realty Executives
602-234-5777

Use the drop down menus to modify the search criteria. You can also save your searches
and even have the system email you when new bank-owned homes come to market.

May 18, 2009

REAL ESTATE UPDATE DOWNTOWN-CENTRAL PHOENIX 85013

We thought we'd take a look at real estate activity and trends in downtown-central Phoenix zip code 85013. The region is a mix of single family homes and Urban style homes. Several historic neighborhoods are found in this zip code including: Medlock Place, Pierson Place, Woodlea, Campus Vista and Yaple Park.

Urban team 85013 4 Urban team 85013 2 Urban team 85013 1 I'm a big fan of this region. It has loads of character with a variety of historic, mid-century and urban architecture. The Metro Light Rail is walking distance for many residents giving easy access to downtown and Tempe. The Clarendon Hotel has just gone through a significant remodel and their rooftop patio/bar is a local favorite.

85013-Market-Distress The active listing inventory is a pretty even mix of single family and condo/urban style homes. The single family home market is selling well, unlike the condos. Our "distress-o-meter" for May 2009 puts the area as guarded but recovering.

Many factors are taking positive turns in the 85013 single family home market. The number of active listings is going down, the number of pending listings is rising, the months of supply has gone down markedly and the pending listings sales price is up a bit. Probably the most exciting information is that the number of bank-owned listing is falling...yeah! This is important since bank-owned homes depress prices.

The condo market is not doing so well. There are many properties such as Executive Tower, Hawthorn and Solaris that have a lot of units on the market. Those considering buying in these and other units should investigate the health of their HOA's.  See the Urban Life post on HOA's for more on this subject.

Our principle concern is the general Valley-wide rise in new foreclosures. In the last month, pre-foreclosure lletters were sent to about thirty 85013 residents while five homeowners lost their homes. If foreclosures continue to rise, expect housing prices in the area to continue to fall a bit, however, we don't expect significant price drops.

CONCLUSIONS: Buyers have a great opportunity to pick up a home at a very affordable price. In addition, we believe homes along the light rail and close to the developing downtown ASU campus will perform better than homes in many other areas of the Valley. As mentioned, use caution when buying a condo to ensure the HOA is in good shape and a significant special assessment doesn't surprise you in a few months.

Gene Urban
The Urban Team at Realty Exeuctives
602-234-5777