If you own one or more rental properties then you need to know that as of 1/1/11 you are required to 1099 any vendors hired for service in the amount of $600 or more. There are certain exception to the rule, but if you don’t comply by the deadlines, you could be subject to a $250 late fee.

Click here to download the full story.

A mortgage partner forwarded me the link to this map on Trulia that has proven to be very interesting. Based on location, it shows whether its better to rent or buy a home in each market. Take a stroll….

The Q3 Economic anad Market Watch Report is now available from Arizona Regional Multiple Listing Service, Inc. (ARMLS).

This detailed real estate market report includes data and local trends for Maricopa County and Pinal County. It also includes a trends report from regional economic manager, Ken Fears titled “Pricing During the Post-Credit Hangover” and an article by Lawrence Yung, NAR Chief Economist titled “Inflation or Deflation?”

( CLICK HERE ) to download a PDF version of this report.

IS URGENCY AFFECTING GOOD JUDGEMENT?

With the current economic times, the real estate climate has changed drastically…and rightfully so. Home buyers and sellers are trying to grasp at every opportunity – whether trying to buy low or simply selling a home.

Real estate professionals are working harder than ever to provide the best services available to their clients. They play the part of confidante, strategist, market expert, and negotiator. They are available 24/7, counseling sellers and navigating buyers to help them make the best real estate decisions. And all with a sense of urgency.

For Sellers this sense of urgency is created by the level of patience they have for time. Time to market. Time to an offer. Time to closing. The urgency from Sellers can be a detriment to the sale of a home because it brings negative energy to an already uncertain situation. A multitude of factors will affect time whether it be an financial situation, overpriced home, poor showing conditions, strict availability to show or unreasonable expectations. Sellers, it’s time to trust the real estate professional you chose to represent you and you’ll see the positive difference it will make.

For Buyers, this sense of urgency is created by opportunity. Opportunity to buy low. Opportunity to have the upper hand in negotiating. Opportunity to prosper. The need for urgency is good but it shouldn’t impede the process by clouding what opportunities are the next best available. Buyers should take a step back and evaluate what their goals are, what’s available on the market and take a moment to make sure they are making good buying decisions.

Don’t let urgency affect your good judgment. Buy & sell smart = Be happy.

The Women’s Council of REALTORS presented the Masquerade Fashion Show Luncheon on Friday, October 29, 2010 at the Scottsdale Resort and Conference Center to benefit Gabriel’s Angels, whose mission is to deliver healing pet therapy to abused, neglected and at-risk children, nurturing their ability to love and trust, thereby freeing them from the cycle of violence.

The models below are women who play or have played an active volunteer role in real estate with the Scottsdale Association of REALTORS, Women’s Council of REALTORS, and other related real estate business groups.

L-R: Victoria Cuomo, Sharon Wolf-Furman, Janette Waller, Andy Kolton, Monica Monson, Cheryl , Lisa Stein (Show Coordinator)

Paula Serven and Monica Monson

Sharon Wolf-Furman and Janette Waller

Outfit provided by About F.A.C.E.

Outfit provided by Kiss Me Kate

With Gordon Snyder, Outfit provided by Portobello Road

The final run.

Great Job Everyone!

The Group

Want to keep up with the luxury real estate marketing and Scottsdale lifestyle news? Sign up today to receive the  new monthly Luxurious Living Newsletter, a wonderful compliment to Luxurious Living Magazine!

In this issue:

- Why Luxury Homeowners Should List Their Residences For Sale This Fall
- Builder’s Own Becomes Next Best Buyer in Sonoran Highlands
- Does Staging a Home Make a Difference In The Time It Takes To Sell?
- Stars of the Season Event to Benefit Cardon Children’s Medical Center
- New Correspondent Lender is a One-Stop-Shop
- HR-4872 – New Real Estate Taxes

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Digital Magazine Version

Get your monthly does of statistics from ARMLS. ( Click Here ) for September 2010.