Want to sell your home? Don’t do these four things

Dont do these four things
Want to sell your home? DON’T Do These Four Thngs

Source: Want to sell your home? Don’t do these four things

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State-by-State Economic Impact of Real Estate Activity

Economic Impact of Real Estate Activity in Arizona 

When a home is sold in Arizona, Updated 2017 

  • $18,198 of income is generated from real estate related industries.
  • $4,572 is spent on consumer items such as furniture, appliances, and paint service.
  • $10,930 is the economic multiplier effect (restaurants, entertainment, etc.). 

State by State Activity

https://www.nar.realtor/sites/default/files/reports/2016/state-by-state-impact-of-real-estate-activity/2016-12-economic-impact-real-estate-activity-arizona-12-15-2016.pdf

 

VA Home Loans in AZ

The Veterans Affairs (VA) loan limits have been posted for 2011.

For all counties in Arizona, the 2011 limit is the standard $417,000.

New Down Payment Assistance Programs

Pima County Family Housing Resources has new down payment assistance programs to help buyers purchase a home:

1)  PNIP HAP NSP-2 offers $20,000 to purchase a vacant foreclosed home in the NSP-2 target area. The purchase price must be 1% below the appraised value. The HQS inspection is not a requirement, but the home must be habitable.

2) The 3.5% up to $5,000 homebuyer assistance program is back. Homebuyers can buy a new or resale home with these funds.

3) The 4.5% up to $6,000 homebuyer assistance program with an MRB loan is still available

The HQS inspection is still required with both of these programs