FORECLOSURES 5/14/2010-5/21/2010

The link attached lists all the new Prescott area foreclosures for the last week. Please contact me for additional listing information.

http://www.paarmls.org/prs/maildoc/sd_AAAa0068W20100521142925.html

Stephanie Woods
928-308-8565

Prescott REO Homes and the New Tax Credit

Prescott Arizona REO properties are still a large part of the Prescott housing market currently accounting for about 35% of the sales with only 10% of the listings. Many bank owned properties come with perks such as home warranties or seller paid closing costs which make the deals even more attractive. On top of those, President Obama has signed a bill that extends the existing tax credit for first time homebuyers into the first half of 2010. The extension continues the existing tax credit for 10% of the purchase price up to a maximum of $8,000 for first time homebuyers (anyone who has not owned a home in the last three years).
In addition, the new bill also opens up opportunities for others who are not buying a home for the first time. For buyers who have owned a home for five of the last eight years and are purchasing a new primary residence they will receive a tax credit of 10% of the purchase price up to $6,500. They do not need to sell their existing residence to qualify, but they must move into the new home as a primary residence. This expansion of benefits to non-first time buyers is particularly helpful for a large segment of the Prescott area buyer's market. We all know what a great place Prescott is to live in and we are not alone. Most Prescott agents have an extensive list of prospective buyers who intend to move to Prescott in the future. This $6,500 incentive seems almost tailor made for this traditional Prescott buyer base.
In both cases, buyer income caps apply. There are other details of the bill that may impact individual situations. Ask me to recommend local mortgage brokers who will be happy to consult with the buyer's CPA to determine exactly what their credit is likely to be.
Both tax credits apply to purchases under contract by April 30th 2010 and they must close before June 30th 2010. This give Prescott REO buyers approximately five months to find a home and write a contract. Additionally, Federal Reserve bond purchase programs that have helped keep rates low over the last year are currently winding down. Many forecasts suggest rates in 2010 will average more than half a percentage point above current levels. Local appraisers are telling us values are stable in almost all of Yavapai County and do not show signs of continued decline. Combine the short window on the tax credit, the likely rise in rates and stabilization of prices and its hard to imagine a better opportunity for buyers than right now.

FORECLOSURE ON THE GOLF COURSE

We have a large selection of foreclosures not yet on the market.  Call us today to see if we have something to meet your needs.

The Stephanie Woods Team
928-237-4455

Weekly Foreclosure List Oct 5 thru Oct 12, 2009

Good Morning

Hope you had a great weekend and even better week. Here is the weekly foreclosure list for the week of Oct 2 thru Oct 12, 2009. Again, now is the time to buy, the prices on these homes are unbelievable!! If you are in the market for a new home or know someone that is PLEASE act now and give us a call. Remember there is still time for the $8,000 tax credit and there are loans out there that can get you into a foreclosure that the government will give you up to 22% down. You could be possibly paying more in rent now than you could be paying to own your own home. Don't let these opportunities pass you by. Have a great week.

http://www.paarmls.org/prs/maildoc/sd_AAAa004PZ20091012094244.html


The Stephanie Woods Team
928-237-4455

Pre-Listed Foreclosures

Hello all,

Please stay tuned.  We have many new bank owned properties coming on the market soom.  If you would like a sneak peak e-mail prescottreoagent@gmail.com and ask for our list of properties soon to hit the market.  For the commercial investors we will also have a few listings for you.


928-237-4455

The Stephanie Woods Team
Keller Williams Check Realty

901 Yuma, Chino Valley, AZ

Yuma, Chino Valley AZ

THIS WILL NOT LAST!!
Site Built home on 2 AC
1400 Sq Feet
Across from state Land
Separate Garage
Under $92,000

CALL FOR MORE INFO 928-237-4455
ACT FAST THIS IS YOUR CHANCE TO BEAT OTHERS TO THIS EXCEPTIONAL DEAL!!!