2012 Willo Home Tour

One of the highlights of the downtown housing areas is the Willo Historic District. It is a popular destination to just drive through and see the homes. The annual 2012 Willo Historic District Home Tour attracts thousands of people each year because of this love affair with cool homes in this awesome downtown Phoenix location.

The Willo home tour is a self guided tour and lets you peek into some of the best houses as well as see the tree lined streets and there are also shuttle busses as well.

There will be 13 homes on the tour and the historic firehouse at 13th and Jewel will also be available for a tour. In addition to touring the homes, there is a LOT of excitement around the Willo street fair that will have food, artisans, music and more. Its a great way to spend a Sunday.

2012 Willo Home Tour:

Date: Sunday, February 12th, 2012
Time: Tour open 10am-4pm ( pick up will call tickets starting at 9am)
Place: Willo! ( McDowell to Thomas 1st Ave to 7th Ave
Tickets: You can BUY TICKETS for $15.75 before the tour, $18.00 day of tour
Parking: Free parking at 1st Ave and Holly ( just north of Chateau )

If you don’t already live in downtown Phoenix, here is an idea – TAKE LIGHT RAIL! Just a hunch, but I think it might just make the parking situation slightly better for you and your family.

Here is a video that gives a great overview of what to expect at the Willo home tour:

The Willo home tour is a family friendly way to see plenty of homes in the historic Willo district in a fun way. Maybe that is why many people come back for the Willo home tour year after year!

Buying An Arizona Home – Where To Start?

Buying an Arizona Home – Where To Start?

Nowadays – 2011 – most home buyers start their home search online. This is unlike how our parents and grandparents did it. Today, we have access to homes for sale on the Internet and we can get mortgage rates in just a few clicks with our mouse. In our parents day they had to contact a real estate agent to show them paper copies of homes for sale and they had to go down to the bank to physically speak with the local banker. With this said, here is a brief list of some of the steps you might consider taking if you are looking at buying a home.

  • Determine your financial position first
  • Determine a wish list for your home.
  • Pick a real estate agent

Determine your financial position first.

Believe it or not, buying a home doesn’t start with a real estate agent, it starts with conversations with mortgage lenders. You must determine what kind of loan program you can qualify for and what home price you can afford. Are you going to take advantage of low VA rates as a VET or use an 203K rehab loan from FHA? Are you going to pay points or how much downpayment will you need? How does your credit look?

Determine a wish list for your home.

It helps to determine what you want in a home before you start looking. You waste a lot of time looking at homes that don’t fit your needs – it can also be frustrating sorting through homes that are in your price range but don’t have what you want or need. Also, by putting together a list of things you want in your home you can help your real estate agent (once you pick one) get right to the types of homes best suited for you.

Pick a real estate agent.

There are a lot of steps to buying a home and real estate agents walk people through the home buyer process all the time. You don’t want to miss something as it may end up costing you a bunch of money and time. Once you get a sense of what, where, when etc. it’s time to hook up with a real estate agent. You’ll want to get an agent to represent you with submitting purchase offers and negotiating.

It’s Up To You

Do some snooping. With the Internet making home searches so easy, take some time to start looking around to see what’s out there. You need a real estate a lot less than you used to when it comes to looking homes for sale.

Hopefully this list will help you through the early stages of looking for a home.

Time Considerations After A Short Sale Before You Can Buy A Home Again

Time Considerations After A Short Sale Before You Can Buy A Home Again

With the number of short sales happening in the Phoenix AZ real estate market, many homeowners who have gone through the process (or are thinking about the process) wonder about what’s next after the short sale is complete. This post will not cover the legal battles you might have with your ex-lender but rather it is going to cover your options for living arrangements and home buying after your short sale is complete.

Two years?

One of the first things to get comfortable about when it comes to a short sale is that you will not likely be able to buy a new home for at least 2 years (all mortgage programs including VA loans, FHA loans and Conventional mortgages). The 2 year guideline stands as long you keep your credit record spotless from the time your short sale is complete until you try to get a new mortgage.

Which Types of Mortgages?

These guidelines and general rules apply to any type of mortgage. Later in the post, the time requirements for common mortgage types is explained in detail.

Time Requirements

With this in mind you’ll need to think about renting a home for a at least 2 years to give yourself time to meet the minimum time requirements that you’ll need to get any type of mortgage. Mortgage programs differ and there are different time requirements following a short sale that you’ll need to know about if you plan to purchase a home after your short sale. Below you’ll see a summary of some of the time requirements.

Time Requirements To Getting a New Mortgage After A Short Sale

Fannie Mae (Conventional and Freddie Mac):

      • 2 years with 20% down
      • 4 years with 10% down
      • 7 years with 3% down


      • 3 years from short sale completion date * Per FHA – you may be able to get a FHA mortgage under 3 years under special circumstances


      • The VA hasn’t specified wait time guidelines after a short sale but plan on nothing less than 2 years.

USDA Rural:

      • 3 years from the completion date


      • 7 years from completion date


Next Steps

Now that you have this list you may want to think it is set in stone. What you need to remember is that if you have a good reason for what caused the short sale you may be able to get an exception to any of the time frames listed above. Best thing you can do is talk to a few loan officers to get different opinions.

This site is for informational purposes only. It is not sponsored or in any way affiliated with the government. If you are in need of a mortgage loan, consult with a licensed mortgage professional. All fair housing and equal housing opportunity laws apply when applying for a mortgage or buying a home. Copyright 2012.