The city of Glendale Arizona is implementing a new policy that puts rental property owners on the hook for their tenants’ outstanding utility bills.
Glendale’s policy is aimed primarily at renters in single-family homes, duplexes or other smaller rental properties. The city will require new utility customers in rental properties of four or fewer units to establish an account in the property owner’s name only.
To read more about this new policy of the city of Glendale visit the article prepared by the Arizona Republic.
Also to learn more you can call the city’s new utility hotline at 623-930-3228 for more details on the new policy. The line is not manned, but a 24-hour callback is available. Read more on the policy revision on the city’s website at www.glendaleaz.com/utilities.
With the housing market in a slump, the HOAs (Home Owners Associations) in many communities in the state are facing short falls of cash as house after house in the community is vacant and therefore owners are not paying a monthly HOA fee.
Because of the financial shortage many are facing, some of the HOAs have resorted to charging both sellers, as well as buyers a fee when a home sells.
One worrisome side effect of this growing problem for HOAs is if an HOA ends up going bankrupt, a title insurance company will not be able to issue a title insurance policy. If a title insurance policy can’t be issued on a home it makes a property practically impossible to be bought or sold.
Many homeowners in financially stressed communities have banned together to help keep weeds down and clutter out of the areas.
The effect on HOAs is another thing we all need be concerned about in this difficult time in the economy.
If you interested in reading more about the Phoenix Arizona area we ran across a nice area guide you may want to check out that is put together by the Greater Phoenix Visitors Association.
When you are looking for a loan we can refer you to some good loan officers. Did you know that Arizona has a requirement for loan officers to be licensed?
But as of a recent report only 2,413 individuals had passed National and State Examinations, and are LICENSED LoS (loan officers) in Arizona. The Department of Financial Institutions expected to have 20,000 licensed loan officers. Where are the rest, you ask? Neither State nor National testing, continuing education or licensing are required for individuals who work for the big banks (Wells, Chase, and B of A, etc. ) Do you suppose that’s who you want to work with on YOUR loan?
We do not recommend the banks or credit unions as a resource for buyers to go to and shop for loans. The above is one of the reasons, however, consider that each bank only has a limited group of lending products and it might be needed to shop many banks to find a perfect loan solution — each time the buyer’s credit is being “dinged” as their credit is pulled. This is not good if you are someone who is repairing their credit and can’t afford to have their credit pulled any more than absolutely necessary.
With a loan officer/loan broker these individuals can shop the market for a buyer, looking at many solutions and only pulling their credit a minimum number of times.
When its time for you to need a loan, ask us for some good referrals.(In full disclosure, no we do not get any referral fee from the lenders we refer, we simply refer service professionals because they treat clients right and give good service.)
In the August 15, 2010 Arizona Republic it was reported yet more not such good news for the housing market here in the Phoenix Arizona area. To read the article click this link.
Are you interested in the average price per square foot for homes sold during July 2010 across the entire Phoenix Valley?
The info list below includes this data.
(Obviously there are always exceptions to the average rule, and homes with a higher level of features and amenities will likely be selling for a dollar amount a bit higher and those properties that are in need of repair and work will only be able to attract a lesser sales price.)
…………………………………….
Anthem – $92.37
Apache Junction – $69.36
Arizona City – $40.47
Avondale – $57.13
Buckeye – $55.82
Casa Grande – $49.01
Chandler — $99.64
Cave Creek – $134.36
El Mirage $48.28
Fountain Hills – $148.05
Gilbert – $92.77
Glendale – $71.96
Gold Canyon – $105.52
Goodyear – $72.93
Laveen — $55.63
Litchfield Park –$80.50
Maricopa – $47.72
Mesa – $85.27
Paradise Valley – $263.62
Peoria – $80.89
Phoenix – $81.40
Queen Creek – $60.57
Scottsdale — $169.52
Sun City West –$99.25
Sun City – $70.69
Sun Lakes – $109.17
Surprise – $69.17
Tempe – $106.09
Tolleson – $49.38
If it’s time for you to buy or sell — give us a call – 480-201-3001 – we look forward to helping you.
(Data compiled from the Phoenix area ARMLS – data is deemed to be accurate, but not guaranteed.)
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Bob and Carolin are full time East Phoenix Valley Realtors and owners of Benjamin Realty LLC. They live in Gold Canyon Arizona year-round and work with clients in Gold Canyon as well as the entire East Phoenix Arizona Valley. Combined they bring more than 20 years of real estate experience to help clients who may want to sell, buy, relocate or invest. Bob and Carolin have worked as "The Benjamin Team" for past 8 years since living in Gold Canyon. Prior to Arizona, Carolin also worked as a Realtor in Washington state for more than 10 years.
For web visitors they produce Benjamin.com with real estate info about the Phoenix real estate marketplace, along with links direct to the MLS. They also produce GoldCanyon.net which is Gold Canyon Arizona's community website. And a new entry to their web efforts is the blog called 'Meals for 'Real' ", where 'real' estate agents, Bob and Carolin bring 'real' recipes' about 'real' food.