short sale property: A Disturbing Sign of the Times
- 06/01/10 04:07 AM
There is an old adage regarding the "Golden Rule". Them with the gold, get to make the rule. We had an irritating example of this just last month. We had listed a property for our client and it had sold within days for full price, which in and of itself was quite a shock. We later discovered that the buyers had coveted the home years before so that when it came on the market they just snapped it up. Even though they were going with a large down payment, we still felt an appraisal at full price might be a stretch … (1 comments)
short sale property: Are Short Sales A Good Deal?
- 03/21/09 03:23 AM
A quick look at short sales vs. foreclosed properties, in the Phoenix metropolitan area real estate market. A short sale, as opposed to a fore-closed home, is neither good nor bad, in and of itself. The real question is whether the house you are attempting to buy is worth the price you will have to pay. Let's back up a moment, and discuss the difference between the two. Briefly, a short sale is where the home is worth less than the amount owed, and in order to sell the home, the lender(s) must forgive some of that debt. A foreclosed home … (0 comments)
This is a blog dedicated to Real Estate issues in Arizona. Hosted by Gary (a licensed Broker)and Shannon (a licensed Sales Associate) Kiernan operating in the greater Phoenix area. Check out our website at www.garizonaproperties.com, search for properties or ask us a real estate question.
There is an old adage regarding the "Golden Rule". Them with the gold, get to make the rule. We had an irritating example of this just last month. We had listed a property for our client and it had sold within days for full price, which in and of itself was quite a shock. We later discovered that the buyers had coveted the home years before so that when it came on the market they just snapped it up. Even though they were going with a large down payment, we still felt an appraisal at full price might be a stretch … (1 comments)
;)
;)
;)
