From the category archives:

Community Info

Happy 98th Birthday, Arizona!!!

by Shar Rundio on February 14, 2010

Ninety eight years ago today Arizona officially became a state.  We were the last of the 48 contiguous states to be admitted to the union.  This is my favorite AZ history story:

Senator Henry Ashurst presided over the convention that adopted AZ’s state constitution and later became one of our first 2 Senators.  He used to tell on himself the story of his maiden speech in the U.S. Senate. “Mr. President,” he began, “The new baby state I represent has the greatest of potential. This state could become a paradise. We need only two things: water and lots of good people.” A gruff senior senator from New England interrupted, “If the Senator will pardon me for saying so, that’s all they need in Hell!”

Happy Statehood Day, AZ!

Yours Truly,

An AZ Native

Oh, and Happy Valentines Day!

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Shar, I’ll Take a Safe Neighborhood for $200K, Please

by Shar Rundio on October 12, 2009

**As I write this there is a Police helicopter circling my “safe” neighborhood in East Mesa and I have the heebee jeebees.  This won’t seem so random after you read this post.**

I am forever amazed at the number of people who tell me they only have one main requirement in a neighborhood: they want a safe one.  It sounds like this:

Would you put your mom in this house?  Would you live in this neighborhood?  I wonder if there are any sex offenders in the neighborhood?

While I would love to be able to tell you that a neighborhood is safe and you’ll never be harmed if you purchase a house in there, I just can’t make those promises:

1.)  Because I’m not allowed -

REALTOR CODE OF ETHICS: Standard of Practice 10-2

    When not involved in the sale or lease of a residence, REALTORS® may provide demographic information related to a property, transaction or professional assignment to a party if such demographic information is (a) deemed by the REALTOR® to be needed to assist with or complete, in a manner consistent with Article 10, a real estate transaction or professional assignment and (b) is obtained or derived from a recognized, reliable, independent, and impartial source. The source of such information and any additions, deletions, modifications, interpretations, or other changes shall be disclosed in reasonable detail. (Adopted 1/05, Renumbered 1/06)  [my emphasis]
    You see, I am only half of those emphasized items: I am reliable and independent but surely not a recognized or impartial source.

2.)  I don’t know -

This is the real key here.  What is your definition of safe?  I have no doubt in my mind that your definition of safe is different than mine, and mine is different than the next person’s.  Safe is very relative.  I have clients who live in a neighborhood that I don’t like going to in the daylight let alone at night and they tell me that they feel the safest there than anywhere they’ve ever lived.

I’ve lived in a neighborhood where I didn’t feel safe (see I can’t even trust myself).  I had neighbors with severe drug & domestic violence issues two doors down.  We regularly had Police helicopters circling (see I told you).  It wasn’t unusual to see the SWAT team moving in with full shields walking across my yard.

3.)  Is perception reality? -

Are the perceived safe areas really safe?  Or are crimes just different or less reported or less noticeable?

Once, when my husband was out of town, in an attempt to escape the afore mentioned neighborhood, I decided to take my young girls and stay with my in-laws in  their high-end, gated, golf course subdivision.  Someone threw a brick through my car window in their driveway.

My current “safe” neighborhood is 1/2 a mile away from the old one.  Is half a mile really enough to constitute safety compared to the fear that I used to feel?  Probably not.

So what’s a buyer to do?

  • Check out Arizona Association of REALTORS’ Buyer Advisory.  It is periodically being updated and offers many live links which will offer you various ways to learn about the house and community you are considering.
  • Talk to the neighbors.  You know there is always that gabby one who knows the scoop on everything/everybody.  Find them.
  • Drive through the neighborhood in the morning, in the afternoon when school is getting out, at dusk and in the evening.
  • Google the community name.  See what anyone else has to say about it online.
  • Ask the seller why they’re leaving.

While it’s not me flat out giving you the go ahead that you’ll be safe, these items will help you with due diligence and that’s better than taking my word for it anyway.

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Phoenix Real Estate Market Report May 26th

by Shar Rundio on May 26, 2009

Over the years I have spent hours and hours at the end of the month on the MLS breaking down the active, pending and sold numbers by city and price range and importing them into Excel spread sheets.  While I greatly enjoy the knowledge and interpretation of the numbers, as someone who doesn’t love Excel or spreadsheets this is almost as much fun as a paper cut on my eyeball.  Recently, I have become acquainted with The Cromford Report a subscription site where they compile the numbers and I just have to pay for it.  There really sick are people out there who LOVE putting this stuff together.  They even come with colored arrows for those who can’t figure out if things are trending up or down.  

Here’s a quick snapshot of the Phoenix real estate Market as of today: 

Things to make note of include:

  • The active listings – see how they are coming down, that means that houses are selling and/or expiring and not being replaced with new listings.
  • The pending (under contract) listings – nearly twice as many as this time last year!  The buyers are getting it…
  • Sales are up too!
  • Months Supply of inventory is way down.  If no other houses came on the market at the rate things are selling it would take 4.3 months to deplete the inventory on the market.  

Things are a-changing…

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If you are a parent and you are contemplating the idea of making a move one of the likely things on the top of your list of questions pertains to the schools.  Where are they?  What are they like?  How are they rated?  I frequently have clients ask me questions about schools and thought I’d share with you the resource I send them to:  greatschools.net. 

Greatschools.net is a researching parent’s dream.  From public to charter to private schools, you can learn about everything from student and teacher statistics, spending per child, test scores (see Las Sendas Elementary 4th grade AIMS scores above), demographics, extra cirricular activities, parent & student reviews, and much more.  You can also compare schools or school districts.  

If you have something to say about a school your kids go to make sure to leave feedback for others there, too and then sign up to receive updates about your specific schools.  

Don’t miss Great School’s blog, too!

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This just in:  If you are a first time buyer, you now have an $8,000 down payment!**

The US Department of Housing and Urban Development (HUD) announced this morning at the National Association of Realtor’s (NAR) Midyear Conference that the Federal Housing and Administration (FHA) will allow it’s lenders to offer first time buyers the opportunity to use their $8,000 federal tax credit toward their down payment.  

This is HUGE!   

Now, if you qualify for the first time home buyer tax credit you don’t have to wait until you buy the house, close on it and then file or amend your taxes to get the $8,000.  The $8,000 will be offered in the form of a small bridge loan that will be paid back after you get your tax credit.  To find out more about the tax credit, check out this informative website

With the interest rates at historically low numbers, prices at 10-year lows and an $8,000 tax credit there has never been a better time to buy a home!  And I’m not just saying that because I get paid to.  

If I can help you with your dream of home ownership, please don’t hesitate to ask.

**(Some limitations and exclusions apply, yada, yada, yada…see your friendly loan officer or Realtor for specific details.)
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