A Short Sale in Scottsdale, Arizona Solves Problems For Buyers And Sellers Alike
When it comes to Scottsdale short sales, likely you have heard things both good and bad about the process. In general, it is a good way to help a homeowner to get out from under mortgage payments that you can no longer afford, without having a major negative impact on their credit score. If you live in the Scottsdale area or are looking to buy a home in the area, learn more about this process and the benefits offered to both buyer and seller. Scottsdale Short Sale Listings For Sale
In today’s economic climate, many homeowners are finding that they owe more on their home than what it is worth. Due to loss of income, unemployment, bankruptcy, divorce or other extenuating circumstances they can no longer pay their mortgage. If this describes your current financial situation, you are likely facing foreclosure, which is something you would rather avoid if at all possible. As a Short Sale and Foreclosure Resource (SFR) in Scottsdale, Arizona, I can help you negotiate the short sale process with your lender, so that you can sell your home for less than you owe to a willing buyer.
Scottsdale, Arizona is a very desirable city where home prices may be considered out of reach, but Short Sales and Bank owned properties have lower prices and this could be a great time to get into the Scottsdale housing market. Scottsdale Short Sale Listings For Sale The short sale process allows buyers to purchase their dream home for considerably less money, which is idea for today’s home buyer. I specialize in Scottsdale real estate and know the values of the homes in this area, and can easily find a property that fits within the price range of the buyers requirements.
If you are a homeowner trying to get out from under your mortgage, you may wonder why a lender would take an amount less than what you owe on your home. Lenders would generally rather have some money on the property, as they are not in the business of owning or managing property. While foreclosure may drop your credit score by as much as 250 points, the short sale process generally drops it by only about 100 points. You can also purchase another home quicker, while foreclosure usually results in a wait of 5 to 7 years or longer.
Buyers looking for a Short Sale home in the Scottsdale area will find that short sales allow them to purchase a beautiful home for a price they can afford. For example, a home may be worth $500,000.00 or more, but the lender may be willing to settle for $375,000. 00. This saves you a substantial amount of money, and you get a lot more home for your money.
Either way, the process is an involved one that most people do not want to enter without the advantage of a Scottsdale real estate professional on their team. As a Short Sale and Foreclosure Resource (SFR), I can negotiate and handle the bulk of the work, making the process both easier and less time consuming. If you are looking to buy or sell in Scottsdale, Arizona contact a knowledgeable real estate professional like myself to make the entire process quick and seamless.
To start the process call me at 602-620-2164 or email me at stephen@myhomeinscottsdale.com
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