selling your home: Are there Short Sales in Fountain Hills, AZ? - 07/02/10 01:22 PM
The Short Sale opportunity is here to stay for the foreseeable future. As qualified sellers and banks are jumping on board to sell these homes before they go into foreclosure, the 'system' for this type of sale is being perfected. Overall these can be complicated sales, but for those buyers willing to take the plunge, you can purchase a wonderful property at a great price! And, for qualified sellers, the Short Sale is typically a better option than the foreclosure for eventually purchasing in the future. There is are benefits for lenders as well. The Short Sale is a much less … (0 comments)
selling your home: The Evolution of the Short Sale - 06/14/10 06:53 PM
First, we should be aware that the short sale market will continue to expand and could be with us for another four to five year. Consequently, this means we need to understand the process, attempt to streamline the process and sell these qualifying properties! The professionals (lenders, realtors, title companies, appraisers etc) who are part of these transactions are becoming more educated on how to improve the process as they continue with training and then become more experienced in this type of sale. The public, both buyers and sellers, is also gaining an understanding this frustrating process. The short sale is … (0 comments)
selling your home: The Arizona Short Sale Advisory - tool for consumers - 05/31/10 07:44 PM
Short sales are plaguing the real estate market. Here in Arizona a Short Sale Advisory has been generated by the Arizona Association of Realtors. This advisory provides valuable information for a short sale real estate transaction. In addition to the information included in the Short Sale Advisory itself, there are multiple hyperlink references for web sites with additional assistance and guidelines. The Arizona Short Sale advisory has been an example to the rest of the country for providing the consumer with needed information to answer their short sale questions as well point the homeowner to resources available to them. The Short … (0 comments)
selling your home: Fountain Hills real estate April 2009-April 2010 - 05/01/10 03:34 PM
What a difference a year can make. According to the Cromford Report real estate statistics for Fountain Hills from March 2009 thru March 2010, the inventory has been reduced, the sales price per square foot has remained level and the foreclosure notices have increased. Since the beginning of 2010, sales per month has had a major upswing. It appears that the real estate market here in Fountain Hills as with most other cities that comprise the greater Phoenix merto area know as "Valley of the Sun" has been very active as investors, first time home buyers and people relocating have jumped … (0 comments)
selling your home: Factors that should NOT affect your Home Asking Price - 03/29/10 04:12 PM
Establishing the market value is not an absolute science. But is should be based upon location, the latest ‘like property' sales in your neighborhood, condition of home, features, market inventory and conditions. Here are some factors that should NOT influence the pricing your home : Your cost. The amount you paid, does not affect the current market value. Your Investments / Improvements. Sometimes improvements, such as upgraded new kitchen, can influence the asking sales price, but typically you will not recoup the total amount of your improvements. An improvement to you, may not necessarily be an improvement to a potential buyer. … (2 comments)
selling your home: Will the greater Phoenix metro area reach 90,000 sales?? - 12/29/09 12:58 PM
The greater Phoenix metro area real estate market is booming once again!As of TODAY (12-29-2009) there have been 89,777 properties sold! And, we SHOULD reach 90,000 before December 31st. There were approximately 60,000 properties sold in 2008. Thus, real estate sales improved approximately 50% in 2009! We probably will not see the 50% increase in unit sales that we saw at the end of 2009. However, a 5-10% increase in sales is attainable, and that figure will be the 3rd highest number of closings- all time for our market. So What is the future for the Phoenix metro area real estate market? Here … (1 comments)
selling your home: Need a Phoenix metro area MLS Search? - 08/05/09 04:32 PM
Our Arizona Real Estate search options: Looking for an Arizona real estate search vehicle? Search the MLS directly from our web page AZ-real-estate-sales.com - your comprehensive resource for buying or selling real estate in the greater Phoenix metro area. If you know the area and/or the specifics of what you are searching for, you can search by the traditional price range, # bedrooms, dwelling type etc. You also search by location / city. If you know more specific information, you can search by individual subdivision, MLS number or address by entering it to find the listing detail. If you do not live in the greater Phoenix metro … (0 comments)
selling your home: Not in foreclosure—but close? - 06/05/09 06:59 PM
Due to a variety of reasons, many of today’s homeowners are facing some serious hurdles in the current market place. Is your house worth less than you owe? Whether you purchased your home in the height of the boom and now your creative loan is about to escalate to a new monthly mortgage payment you cannot afford or if your job/business is suffering the effects of the recession, you can be pro-active about the future of your home ownership. One option allows for loan restructuring/modification. This is an opportunity to obtain new loan terms for your existing mortgage. You principal balance … (0 comments)
selling your home: Cromford Real Estate Stats now available for Phoenix metro area - 05/22/09 03:47 PM
The Arizona Regional Multiple Listing System (ARMLS) has made the Cromford Report available to subscribing Realtors. This report provides detailed information to track the history and current status of the greater Phoenix residential resale market and offers unique insight into its future direction. It is an excellent tool for Realtors to provide up to date sales statistics and current market snapshots. The greater Phoenix metro area statistics are favorable as sales are increasing and the market inventory steadily decreases. The local real estate market is most active in the $250,000 & less price range as investors and first time home buyers … (1 comments)
selling your home: Determining if your home has ‘green features’ - 01/25/09 12:23 PM
Today we are all becoming concerned about saving energy, reducing water usage, creating better indoor air quality and reusing recycled building materials. All of these ‘green’ objectives not only are good for the homeowner but also for the environment and future generations. New construction is not the only source to adopt green programs. We can all do our part by, at the very least, understanding the basics of what we can do to begin going green. First you can begin by determining what green features your home may already have. If your home has: Double pane low E windows Energy Star … (0 comments)
selling your home: What about the mortgage meltdown?? - 01/13/09 04:13 PM
The reality of the mortgage ‘meltdown’ has affected almost everyone. Even if you didn’t refinance or obtain a new mortgage during the 2004-2005 mortgage frenzy, the resulting foreclosures for those who did get into risky mortgages is indirectly causing the value of your home to be reduced in many areas. Realtor Karen Highland from Frederick, MD recently wrote an very enlightening and interesting article about the Realtor’s perspective of the meltdown The Mortgage Meltdown: A Realtor's Perspective. Karen pointed out that the main culprit was the subprime mortgage in addition to the political climate. She also Identified the accomplices that include The Real … (0 comments)
selling your home: So, what happened to Phoenix Real Estate in 2008? - 01/07/09 12:12 PM
Gary and I attended our John Hall & Associates 2009 Kickoff meeting here in Phoenix today. Our broker Jim Sexton presented some interesting 2008 Real Estate Statistics. Don’t believe all the doom and gloom printed by the media. The greater Phoenix metro area has, like all real estate markets across the country, has had a larger than normal inventory, foreclosures & short sale properties and a reduction in equity but it is location, location, location. Phoenix remains a desired destination and has a bright future. The MLS stats are showing a slow by steady increase in the number of properties sold. After a dismal … (1 comments)
selling your home: Understanding the Arizona Escrow Process - 11/30/08 07:44 PM
What is Escrow? This is what takes place immediately after both the buyer and seller, assisted by a qualified Real Estate Agent, have agreed to the provisions of a contract and have signed that contract. Escrow is defined as the holding of documents and funds by a neutral third party pending the fulfillment of a particular condition or event. The escrow holder has the obligation to safeguard the funds and/or documents until all provisions of the escrow have been satisfied and the contractual obligations by the Buyer and Seller have been met. Escrow is the disinterested third party, which makes them … (0 comments)
selling your home: Sellers - First Appearances DO Count - 11/30/08 11:51 AM
Convenience & Availability It is never 'convenient' to have your house shown. But, you should make an effort to allow for showings if possible. Most agents will attempt to give you at least a couple of hours notice. However, sometimes a buyer sees the sign in your yard and is interested in viewing your home. If you are not cooperative, it is possible that the potential buyer will skip your home and move on to someone else who is willing to cooperate. The more exposure the faster your home will sell. Why Use A Lockbox? … (0 comments)
selling your home: What is the True Market Value of your home? - 11/29/08 04:28 PM
It is What a Buyer is Willing to Pay for the Property Based on today's market. Based on today's competition. Based on today's financing. Based on today's economic condition. Based on the buyer's perception of the condition. Based on location. Based on normal marketing time. Based on showing accessibility Properties That Sell in Today's Market: On a Scale of 1-10, The "10's" Are The Ones That Are Selling. How can Your property be a "10"? By improving the condition dramatically. By offering good terms. By improving the way the home shows. By adjusting the price. Contact us to assist … (0 comments)
selling your home: Information does not necessarily indicate knowledge - 11/28/08 02:17 PM
With the ever-increasing flow of data consumers are constantly mistaking information for expertise. There are several excellent sites for obtaining real estate data and advice and there are others that provide inaccurate housing information, statistics and predictions. The volume of information can be overwhelming and how do you know who to trust? Be conscientious when you are seriously considering relocation to a new area. Review as much as you can about that area. Generally the local chamber of commerce will have a relocation package available to be sent to you. If you do not have a recommended Realtor in the new … (2 comments)
selling your home: My newly acquired e-PRO designation! - 11/14/08 03:13 PM
As a former computer programmer, I thought I knew a lot about computers. So, needless to say, I was somewhat humbled by the vast amount of information available that I was unaware of. In this ever evolving ‘computer age’ the technology advances are increasing is available. Sometimes too much info is so overwhelming that you don’t even know where to begin. I am truly excited and amazed at how much I learned from this class that I can now effectively incorporate in to my real estate business to benefit both buyers and sellers! The e-PRO Internet Technology Certification Program which teaches Realtors … (0 comments)
selling your home: The Window of Opportunity - 11/13/08 12:35 PM
When a home is first entered in to the real estate resale market, there is an initial surge of interest that should be maximized! Therefore, your property should be priced realistically from the start. It’s no secret that price is everything and overpricing discourages buyers than any other single factor. Starting too high and dropping the price later fails to generate as much activity. So, What Is the ‘Right Price’?? Many factors will determine your home's best asking price and the current real estate market has a lot to do with it. A good agent can help you determine the … (0 comments)
selling your home: What is a Personalized Real Estate Search Web site? - 11/08/08 10:53 AM
If you are thinking about buying or selling residential real estate in a specific state/metro area, a Personalized Real Estate Search web (Portal) site can easily be created for you. This is a web site that can be set up by a Realtor based upon your housing requirements/needs. Once the site has been created the existing properties meeting your search criteria are uploaded to your site. In Arizona, your personalized search activated on the Arizona Regional (ARMLS) flexmlsis executed twice daily. Any new properties meeting your stipulations are automatically added to your site. Any time you log on to your web page the … (0 comments)
selling your home: WARNING! Don’t List Your Home Until…(part 1) - 09/11/08 03:34 PM
. . You research the marketing plan of your future Realtor!!! In today’s real estate market, it is imperative that you to promote your home’s best features to the largest number of potential buyers possible. Advertise is so to attract buyer leads. By utilizing a the high ‘traffic approach’, your house is going to sell in statistically 55% of the time on market and it is going to net 2.7% more money. One of the proven strategies we offer sellers is an “automated response hot line”. Our business is open 24 hours a day, seven days a week! This hot line system is … (0 comments)
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The Short Sale opportunity is here to stay for the foreseeable future. As qualified sellers and banks are jumping on board to sell these homes before they go into foreclosure, the 'system' for this type of sale is being perfected. Overall these can be complicated sales, but for those buyers willing to take the plunge, you can purchase a wonderful property at a great price! And, for qualified sellers, the Short Sale is typically a better option than the foreclosure for eventually purchasing in the future. There is are benefits for lenders as well. The Short Sale is a much less … (0 comments)
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