Realtors Week launch in Scottsdale with city proclamation
The Scottsdale Real Estate Board with about 1100 members joins 100000 Realtors nationwide in launching Realtor Week. Mayor Bud Tims signed the proclamation. Events run through May 27 including a Safari Hotel luncheon with Gov. Jack Williams as guest. The Make America Better Program plans a theatre in the round on city park land and a June 17 Boondocker Western Desert Party on Western Street to raise funds for youth projects. Proceeds fund the theater project and community activities.
MENTIONED IN THIS ARTICLE
Scottsdale
Cathrine Biddle
Western Street
Southwest Studios
Scottsdale Area
Open house sales leaseback plan boosts investment cash
Real estate investors turn to sale leaseback to fund development. Owners sell land to an investor and lease back long term, enabling construction of projects like deluxe apartments. The buyer gains steady returns while the seller gains cash and tax benefits. Funds for conventional mortgages remain ample, with 88 percent of areas reporting adequate supply.
MENTIONED IN THIS ARTICLE
James M. Woodard
Copley
Department of Research
National Association of Real Estate Boards
Extra costs of selling a home may reach twenty-one percent
The article outlines selling costs from 9 to 21 percent of appraised value, including real estate commissions 6 to 7 percent, mortgage penalties up to 1 percent, legal and recording fees 1 to 2 percent, discount points up to 5 percent, plus pre closing and carrying charges. It provides a $30,000 home example with $20,000 mortgage and details ongoing carrying costs and pre closing expenses.
MENTIONED IN THIS ARTICLE
Dorothea M. Brooks
New York
UPI
Hanrahan
April Dip in Patio and Townhouse Starts in Phoenix Area
The Home Builders Association of Central Arizona reports April patio and townhouse starts fell to 151, down from January 426 February 416 and March 347. Single-family starts remained steady at 958 in April.January through April totals show patio starts 1,012 and single-family 3,550 for 4,562 combined. Districts split include West-Northwest 519 North-Northeast and Scottsdale 185 Tempe-Mesa 254.
MENTIONED IN THIS ARTICLE
Phoenix
Home Builders Association of
Central Arizona
Richard E. Mettler
Association
Scottsdale
Tempe-Mesa
Real estate appraiser outlines condo conversion profits
Clarence A. Bruckner of Chicago in The Real Estate Appraiser cites a survey showing investors expect about a 20 percent return on converting nine unit rental buildings. He says value comes from land, size, layout, location, amenities, design, and owner occupants’ economic status.
MENTIONED IN THIS ARTICLE
Clarence A. Bruckner
Chicago
Real Estate Appraiser’ Magazine
The
Society of Real Estate Appraisers
Bruckner
Twenty Elevated to VP at Realty Executives Inc
Realty Executives Inc announced 20 sales reps advanced to vice presidential roles at a company meeting held at Saddleback Inn. Elevations include Frank Bright Pat Coyle Hulda Drake Jane Estes Ed Murdock Ellen Nelson Jim Osborne John Rooney Olin Strole Jean Watson and Bill Campbell all of Scottsdale and Paradise Valley. The firm began about eight years ago and now employs 140 agents with sales surpassing 50 million last year. Headquartered at 727 E Maryland Ave Phoenix the company maintains offices in Mesa Tempe Scottsdale Paradise Valley and several Phoenix locations.
MENTIONED IN THIS ARTICLE
Hulda Drake
Jane Estes
Ed Murdock
Ellen Nelson
Jim Osborne
John Rooney
Olin Strole
Jean Watson
Scottsdale
Bill Campbell
Paradise Valley
Maryland Ave
Phoenix
Mesa
Tempe
Also Mentioned on This Page
Scottsdale Daily Progress
Dick van Dyke
Joe Foss
Arizona
Biddle
Realtor Week
America
Weldon Minchew
Real Estate Board
Bud Tims
Wooter, Copley ‘News Service
Daniel C. Hanrahan
Elizabeth
N.J
Potere, Inc
IG Valley Land
Compas
Federal Savings & Loan
East Camelback Rd
United Stamps
United
Svar Metat
United Stampompany
Etre Steee
AMP Company
Nortizona
United Stamp Company
North 7Th ST
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