Archive for February, 2013

Phoenix Neighborhood Stabilization Program info
February 19, 2013

NSP Logo 250

We had a speaker come into our office today and talk to us about the Neighborhood Stabilization Program for the city of Phoenix today.  I had heard about this program and actually put a client through a similar program a couple of years ago.  The info she shared I found very useful and thought I’d pass it along.  Basically the program is an opportunity for home buyers to receive assistance with down payment on a house (up to $15,000) as a forgivable second loan. The payback decreases by $1,000 per year and disappears after 15 years. If you sell the house before the loan goes away you simply pay back the portion that remains. It’s great opportunity for people who don’t have a lot of money to put down to get into a house. The homes are either new or “move in ready” condition and have been built/remodeled to very high standards. I will include a few links to their pages that may be helpful.

Here is the address to their home page (http://phoenix.gov/residents/stabilization/nsp/index.html).

Here is the address to their qualification page (http://phoenix.gov/residents/stabilization/nsp/eligible/index.html).  You can buy either a new home or a “move in ready” home.

Here is the address to the page where you can see a list of the “move in ready” homes that qualify for the program (http://phoenix.gov/webcms/groups/internet/@inter/@res/@stab/@nsp/documents/web_content/moveinreadyhomeinventory11-11.pdf)

If you would like to talk to me about the program or for more info, please feel free to give me a call or drop me an email at TLee@TLeeRealty.com

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What’s new in 85018
February 14, 2013

The real estate community is abuzz right now… if you look around our neighborhood there are numerous projects going that had been stalled for years.  In case you are wondering, on the corner of 44th and Indian School there will be a new commercial plaza and rumor has it that there will be an In and Out Burger!  

     On the corner of 36th and Campbell there is a huge luxury condo complex in the works by the Helix Corporation.  This project had been put on hold in 2008 when the bubble burst so it’s good to see that piece finally getting finished.  

     On 32nd Street just North of Indian School there is a commercial building that had been started and stopped years ago… now they are back working on the building again.  When I get news of what will be going there I will share.  

     All in all, LOTS of activity and prices on residential real estate continues to rise with a dwindling supply.