marc.maryland@azmoves.com
480.834.9131Yes Means No
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I’ve been showing homes in the Maricopa County area of Queen Creek, the city of Mesa, and also in the city of Gilbert. Sossaman Estates, Cortina, Mountain Heights, Gila River Ranches, Vista Del Oro are just a few of the subdivisions. These are beautiful homes in the $300 - $400,000 range, and are 3000+ square feet in size.
If you were wondering whether I have been running into foreclosures and pre-foreclosures in this market as well, the answer is yes. This segment of the market isn’t immune to the impact of foreclosures. In fact, 8 out of every 10 homes that I showed were foreclosures.
I did want to mention an election topic coming up in November in this week’s blog. There is a new Real Estate Transfer Tax on the ballot that you should be aware of, and start thinking about now. A real estate transfer tax (RETT) is a state or local government imposed tax that would be collected when you transfer the ownership of a home, land or commercial real estate. It would burden our already burdened real estate market, create double taxation, and punish the homeowner by affecting the equity.
Look for it on the ballot, and remember that a “Yes vote means No” to the new tax.
That’s it for now. Have a great weekend, and write me with questions or comments for new topics.
If you were wondering whether I have been running into foreclosures and pre-foreclosures in this market as well, the answer is yes. This segment of the market isn’t immune to the impact of foreclosures. In fact, 8 out of every 10 homes that I showed were foreclosures.
I did want to mention an election topic coming up in November in this week’s blog. There is a new Real Estate Transfer Tax on the ballot that you should be aware of, and start thinking about now. A real estate transfer tax (RETT) is a state or local government imposed tax that would be collected when you transfer the ownership of a home, land or commercial real estate. It would burden our already burdened real estate market, create double taxation, and punish the homeowner by affecting the equity.
Look for it on the ballot, and remember that a “Yes vote means No” to the new tax.
That’s it for now. Have a great weekend, and write me with questions or comments for new topics.
Published Jul 10, 2008 in General
