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phoenix metro: Phoenix Metro Area Buyers Frustrated With Competitive Housing Market - 03/16/12 08:43 AM
The potential home buyers who were waiting out the housing boom are ready to make their home ownership dreams come true – only to find that they cannot buy.  Even home buyers who are pre-qualified with a preapproved home loan and enough money for a down payment are at a loss. These “traditional” home buyers are being successfully outbid on the Valley’s fewer of bank-owned homes and short sale homes by investors who are willing and able to pay cash for the home.
“Traditional” home buyers who need to finance the purchase of a home make their offers contingent on an appraisal by their lender as well as on their ability to secure their loan for … (0 comments)

phoenix metro: Interested in Distressed Properties? - 01/26/12 12:50 AM
Over half of all of the homes for sale in the Phoenix Metro Area are distressed.  But what does that mean? Are buying these homes even a good idea?
Distressed homes have either gone through foreclosure or are put on the market by the homeowner as a “short sale”. A short sale means that the homeowner can no longer afford to pay the mortgage on their home, and the mortgage is greater than the current market value of the home.  The homeowner’s lender then agrees to accept less than the outstanding loan instead of going through the foreclosure process.
These two … (1 comments)

phoenix metro: Rental Homes Dominate Phoenix Metro Housing Market - 05/19/11 04:53 PM
In our distressed real estate market, the demand for rental properties of all types is increasing dramatically, and has been doing so over the past five years.  The high demand is quickly drawing investors from all over in order to take advantage of the great housing deals.
Due to the large amounts of short sales or foreclosures in the Valley, previous homeowners are now unable to qualify for loans.  These families are now looking to rent, especially in rental properties similar to their previous house, which boosts the single family and high-end rental housing market.  These renters are one of the … (0 comments)

 
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Gina McKinley, ABR, CIAS, CDPE, CRS, SFR ~ Chandler, Gilbert, Mesa, & Scottsdale

Chandler, AZ

More about me…

RE/MAX Masters

Address: 2390 W. Ray Rd, Suite 3, Chandler, AZ, 85224

Office Phone: (480) 821-5700

Cell Phone: (480) 600-1129

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