Todd Nims

I have multiple clients looking at co-owning Arizona real estate. It is an ideal way to go for great friends to own a vacation or rental home in today's environment. All the ingredients are there, people have less money to invest on their own, housing prices are still low, qualifying for a mortgage is more difficult for many.

I recently sold a vacation home to two family's and they are thrilled at the amount of home they were able to purchase together vs what they were able to afford on their own. A two family purchase can buy more home, spread the costs of ownership, and make maintenance more affordable.

It makes sense for another reason. Many vacation homes are occupied sporadically throughout the year and in total, end up being occupied less than half of a year. When two family's own a property, they can make better utility of the property by alternating their stays. This provides for more exposure to our communities in Arizona. The more people that are exposed to this great state, the more people will contribute to the Arizona economy.

In addition, the exposure that two families can make to a realtor's referrals goes without saying. Two familys are more likely to expose twice as many people to their new neighborhood and community that just one. I have found that to be the case with the development of my referral base from just one, two family sale.

Speaking of referrals, remember I offer a 30% referral fee to licensed real estate agents.

HOA Members, Does This Story Surprise You?

The Issue

Joe Bonavire fought in both World War II and the Korean War. Joe is 91 years old and a resident of the PebbleCreek community located in Goodyear, Arizona. Like many Americans under financial stress these days, Joe allegedly fell behind on his HOA fees. Mr. Bonavire denies the claim that he is behind and has stated through the West Valley View, a local newspaper, that he paid more than $1,800 to clear the debt earlier this year.

Every year the HOA sponsors a veterans day parade. Last week, the HOA association of PebbleCreek notified Joe that because he was delinquent on his HOA dues, he would not be allowed to participate in the Veterans Day parade. Joe commented to the West Valley View, "People are outraged at the way that I have been treated".

The good news.

On Monday, after a backlash from angry residents and citizens, the HOA reversed their position and extended an invitation to Mr. Bonivire to ride in the annual parade. Joe has accepted the invitation and looks forward to proudly displaying his military honors.

The Sad Reality

If you have ever been a member of a Home Owners' Association, you will undoubtedly discover that they are anything but the representation of the homeowners. Typically they are filled with unpaid board members that seem to find it necessary to either inject their political influence or just flex, do to the power trip that they recieve from their position. This story is only an example of how HOA's can go to far. Fighting them can be as hard as fighting city hall. If you don't like their position, you can complain to an under staffed state government division or lay down money for a civil law suit. Both methods take a lot of time and in some cases a lot of money, even if you win.

Perhaps state governments should strictly limit an HOA's influence on common American ideals and practices. Perhaps they should never be in a position to disturb the peace of tradition. Perhaps they should be held accountable for even attempting to control anything to the extent that it makes you wonder whether you are in America.

Our market has maintained steady sales in spite of steady inventory.

Although we are stable, our full recovery does ultimately tie to employment and a stable economy.

Buy signals continue to get stronger. Most affordable markets have more pending sales than active.

Contact me for great deals in the Scottsdale, Phoenix, Surprise, Avondale, Goodyear, Peoria, Glendale, Tolleson, Buckeye, and Litchfield Park communities.

Todd Nims can be reached at 480-369-8676 or toddnarizona@gmail.com

30% referral commissions paid to Out of State realtors