Posts Tagged ‘curtis johnson realty’

International Buyers of Arizona Properties Increasing

August 24, 2010

International buyers increasing in ArizonaMany interesting people walk through the doors of the Curtis Johnson Realty office, including an increasing number of international buyers. We have seen it, the Phoenix area culture is being influenced by it, and now the National Association of Realtors has confirmed it: Arizona is one of the top places that international buyers go when searching for their American dream home.

We mentioned the other day about the increasing number of Canadian buyers in the Phoenix market, but there are house hunters from other countries as well. Citizens of 53 other countries have purchased homes in the United States recently, with the largest numbers being from Canada, Mexico, the U.K., and China or Hong Kong.

Whether vacation homes, investment properties, temporary residences for holders of student or work visas, or permanent homes for new immigrants, 7% of the United States housing market is owned by a non-U.S. citizen. About 2/3 of their recent purchases have been single-family detached homes, most of which are being purchased to live in themselves or for a family member. The other 1/3 are probably investment properties and the owner may or may not reside in the United States.

International buyers are looking for bargains, as are many American buyers these days, but their buying power is greater on average. International buyers paid an average $219,400 for a home this year, compared to the overall price of $172,500.

Whether you are an American or a citizen of another country looking to settle in Phoenix or to invest in some choice properties, the Realtors with the Curtis Johnson Team can probably find you what you need. Contact the Curtis Johnson team, go to CurtisJohnsonRealty.com or call 1-888-Curtis-J.

Too Little, Too Late: Latest Government Housing Help Misses the Mark

April 8, 2010

foreclosuresPhoenix homes are rapidly going into foreclosure these days. Once again, the government has taken it upon itself to “remedy” this situation. This time, they are offering loans through the Federal Housing Administration that alleges to help those who owe more on their mortgage than their properties are worth. Some feel that this is a huge risk for our government, especially since they aren’t exactly known to have been frugal with our tax dollars.

There’s a catch, though. Borrowers must not be behind on their mortgage payments. The problem with this is that most who are not behind on their payments probably neither need nor want the government’s help. While no one is happy about being upside down on his or her mortgage, that’s just par for the course–it happens sometimes in this economy.

This program would likely only appeal to those who are behind and are in trouble. Unfortunately, this program won’t help them. In addition, this program should have been unveiled years ago, when the problems first began. These days, so many people are so far gone in their mortgages that a program designed to help only those who are caught up on payments won’t be of much help.

If you’re looking for some help in selling your home, perhaps because this new program won’t be of any help to you, call Curtis Johnson today! Curtis and his team will gladly help you get out from being underwater and get back on track. Curtis Johnson’s team specializes in helping buyers and sellers in the Phoenix area, and the team will gladly assist you today!

Go to www.curtisjohnson.com or call 1-888-Curtis – J