Times are tough, especially in real estate.  If you are wanting to sell or buy a home or property in the Phoenix Arizona area, you need a real estate agent who is savvy and knows their business inside and out.  There are Phoenix realtors who can help you get your desired outcome, no matter what the current economic situation is.

  If you want a positive transaction, whether you are buying or selling, you need an agent who truly cares about their clients, and is passionate about their needs.  Real estate is a tricky business right now, but an experienced Phoenix realtor will be able to handle the job, and get the results you want.

Investing in real estate is a method that many people use to make a living.  These individuals want a real estate agent who will check out properties in the area and help them decide whether it will be a profitable investment.  An agent who is compassionate will keep their eyes open for any new available properties that may be of interest to their client.

Right now, selling a home or property is especially difficult.  By choosing a Phoenix realtor that has years of experience in the market, you are increasing your chances of selling your property quickly, and making a lucrative profit.  Many people believe that it would be impossible in the current economy to sell their home, but this is absolutely not true!  You just need a Phoenix real estate agent that really knows their business.

A professional Arizona realtor will know all of their properties inside and out.  When you need to buy a home but don’t have a lot of money to spend, an experienced real estate agent can tell you exactly which homes and properties meet your qualifications.  This is important in today’s busy world, because most people don’t have the time to spend endless days and weeks touring one property after the other.  Saving time is important, and Phoenix realtors know what they have available, and what the needed qualifications are.

No matter which end of the spectrum you are on – buying or selling – it can be handled efficiently by a reputable and well experienced Phoenix real estate agent.  You can expect positive results, even in a down economy!  These are realistic expectations when you choose to rely on experienced and professional Arizona real estate agents – expect great results, they will deliver!

And in a very high percentage of those cases, the homeowner doesn’t have resources for the extra money he will need to add to the sale amount in order to pay off the loan.

DOES THIS DESCRIBE YOUR SITUATION? IS FORECLOSURE LOOMING IN YOUR FUTURE? 

Every Two weeks , Myself and other Agents from Re/Max Preferred Choice Put on a Free Short Sale Seminar , where there are Lawyers and Accountants available to answer your questions.

I am a Realtor who specializes in Short sales in Surprise AZ , Buckeye , Waddell , Goodyear , El Mirage Litchfield Park and surrounding communities. I am a lifetime Presidents Roundtable award winner. I have experience in the Surprise Az Real Estate Market.
 
HOW MUCH DOES IT COST TO SHORTSALE A HOME

In most cases, it doesn’t cost you a dime if you list your home for sale with me. I throw in negotiating with your lender to get them to agree to allow you to sell your home for less than you owe them.

THE SHORT SALE:

Lenders are fully aware of these conditions. Even though they want their loan paid in full, what they want less is for the homeowner to no longer be able to meet his mortgage payment, thus forcing the lender into the very expensive legal process known as foreclosure — legally taking the house away from the homeowner in order to try to satisfy as much of the debt as possible.

THE REASON THE SHORT SALE IS OFFERED:

So not for the purpose of wanting to be good neighbors, helping out the homeowner, lenders have developed a negotiated process called the Short Sale in order to minimize the lender’s potential loss.

HOW IT WORKS:

Here’s what happens. The homeowner notifies the lender that the loan is in trouble because he can’t continue to make the payments, that the home doesn’t appear to be worth what is owed on it, and that he needs the cooperation of the lender if the home is to sell.

The lender reviews the financial and credit history and condition of the homeowner, then has the home independently studied by a chosen professional real estate agent, broker or appraiser to assess the value. If the lender then chooses to allow a Short Sale, the homeowner is notified to what price the listing price can be reduced to.

The home is put on the market at or near that value.

THE CONSEQUENCES TO THE HOMEOWNER:

When a purchase contract is received by the homeowner, it is given to the lender for approval of the Short Sale terms. Assuming the lender agrees to let the sale take place, at closing, the lender has three options remaining: 1) he can forgive the remaining balance owed the him by the homeowner 2) he can take a deficiency judgment against the homeowner for the balance and other charges due him 3) he can offer to convert the balance owed him into a secured or unsecured loan, with monthly payments to be made by his client.

THE SFR PROFESSIONAL CERTIFICATION:

So the National Association of Realtors prepared a course of study and professional certification for those members who are willing to handle Short Sale and Pre-Foreclosure negotiations. The designation is known as SFR and it stands for Short Sales & Foreclosure Resource.

I have that SFR certification as well as a CDPE designation and knowledge of how HAFA works.
The primary key to a successful Short Sale with the least amount of consequence to the homeowner is to begin the process as soon as the homeowner realizes he is in trouble. Call a professional SFR designee immediately and get the process underway.

Press Release- 8, September 2010 The most essential statistic, which is the most beneficial indicator of the existing Market conditions in the Phoenix area, is the mean price of homes traded in the area. The price nowadays is vibrating around $135,000 as contradicted to this time last year when it was about $207,000. This exceedingly sharp drop in costs is the bear on of a backward market. Nowadays prices are just about the most inexpensive Real Estate Prices the area has full-fledged in rather a long time.

Nowadays the mean number of days on the Market for a property in Phoenix is 62 days. While this is not very low, it is not excessively high either. In fact, the design is much lower than the most other positions hit hard by the recession. As a result, although the prices have penetrated out, an alternate sale is however possible in the Market and there is some activity on the vendors part in the Market. Even so, make no mistake, with the present costs Phoenix, Arizona is however very much a purchasers market. Whether you are in the Market for an automotive financing, personal loan or a mortgage, being capable to find a great deal on the security interest that you need can take a bit of effort and time.

The time that you drop and the work that you put into detecting just the mortgage or right loan is well worth it, all the same, as it can save you rather a bit of money and as well come down the stress of paying back what you borrow. Irrespective of whether you are planning on utilizing the money to Business a family vacation or if you are purchasing your first Phoenix Arizona Home, the following proposal will help to assure that you determine the mortgage or loan that’s great for you. Several other types of real estate can provide the types of savings that Phoenix AZ foreclosures can. Since these Homes are sold-out by loaners at recovery auctions as a means of assembling debts, they are frequently undersold for anyplace between 10% and 50% off their real market value.

Purchasing for these types of below Market Values means that you can act around and deal a property directly if you desired to. There is no other better way to build a real Estate investment with fast equity.

phoenix real estate

Home foreclosure is running rampant these days across the state, with many home owners unable to make mortgage payments due to recent economy slowdowns and high unemployment rates. There is a silver lining on the dark cloud though, for home owners facing this type of situation. Arizona Short Sale Agents can help you with Short Sales Arizona, to sell your home now and avoid foreclosure.

How you ask? Well, in a Short Sale, you can sell your property for less than what you owe, with the permission of your mortgage lender. There is a 3-step process to a Short Sale, including: Short Sale pre-qualification, marketing the property and closing the Short Sale.

Step 1: Short Sale Pre-Qualification
Contact your mortgage lender and discuss the Short Sale option with them. Explain that you’d like to avoid foreclosure by pursuing a Short Sale. After completing the application process, you will need to hand over specific documents to the lender, so they can determine if a Short Sale is a good option. Paychecks, tax returns and bank statements are typical documents you may be asked for, which prove to the lender that you cannot repay the mortgage.

Step 2: Marketing the Property
After the pre-qualification is complete, you will market the property to find a qualified buyer. Contact many experienced Arizona Short Sale Agents – as you need someone who knows this process inside-out.  The selling goal:  helping your mortgage lender recover as much of the money as possible of the loan amount. Making a profit is not in the cards with a Short Sale, all you want to do is avoid foreclosure so it does not appear on your credit record.

Step 3: Closing the Short Sale

Once a qualified buyer is found, a purchase contract and the buyer mortgage pre-approval is submitted to your mortgage lender. If your lender accepts, the deal is sent to a title company who will handle the closing. A home inspection should also be completed at this time.

Once your Short Sale is complete, you will have successfully dodged the foreclosure bullet and saved your credit. Short Sales Arizona are almost always a better alternative to foreclosures and should always be carried out with professional assistance from experienced Arizona Short Sale Agents.

© 2010 Realty World – Paielli Realty

The Arizona MLS and Phoenix MLS that Choice Group Realty has access to include estates that are characterized by their adaptability to the Arizonian climate. Besides the climate, homes for sale included in the Arizona real estate listings and Phoenix real estate listings are built according to the particular topography of the area.

Thus, if you want a residential property nestled in the serene locales of the desert, you can take your pick from properties with swimming pools or with close proximity to water parks. If you want a modern condo closer to an economic area you can scan properties for sale in an area like Paradise Valley.

Choice Group Realty can also make obtaining commercial real estate property and land plots a cinch as these properties are also included in the Arizona MLS and the Phoenix MLS. The Greater Phoenix area, which incidentally is also our area of specialty, is a $50 billion economic hot-spot that is technologically very advanced and aggressively progressive.

Corporate and industry heavy-weights like Motorola, Intel, Prudential, American Express and Mayo Clinic have extensive holdings and interests in Phoenix, making it a very impressive city to reside or set up a business in.

With Choice Group Realty services you have the added advantage of associating with real estate agents and brokers who understand the local real estate industry in Phoenix and Arizona and help you get the best deals in the market on Arizona real estate listings and Phoenix real estate listings.

Helping you make your residential or commercial real estate choice is our personal business.

An experienced  Certified Arizonia Short Sale real estate agent is knowledgeable in the short sale process and can explain it clearly to you.  There are benefits and drawbacks; sometimes the process is lengthy, but that is usually because it takes a while to find the right buyer.  The benefits are many.  You avoid foreclosure, and while your credit is damaged, it most likely will not be completely ruined.  The short sale process can be made much quicker when you have a reputable realtor to help.  They can find a buyer quickly, so you can get out of your home and get on with your life.

What exactly is a short sale?  The term simply means that the lender may be willing to take less for your home than what is actually owed on it.  Banks deal in money and loans – they really have no desire to have homes and properties on their hands.  They would rather show that a home was paid off short of what was owed than to show a foreclosure.  So, in essence, a short sale boils down to an agreement between a seller and their lender.  You present any offers from buyers, and the lender will determine if it is a fair amount.

If you can prove or convince your lender that you are in a desperate situation, they will often work with you.  Loss of a job, divorce, a death in the family, major medical bills due to illness – there are many things that may cause you a hardship.  When you are sincere and discuss your situation with the bank, they may agree that this is the best route to take.  They would definitely rather have some money on your home than none at all.

Nobody wants to lose their home, but sometimes there are no options.  You are getting further and further behind, and you know that foreclosure is looming around the corner.  Discuss your needs with a compassionate Arizona realtor today.  A good realtor knows the process inside and out, and can help you quickly find a buyer should you and your lender decide that a short sale is best solution for your dilemma.

Arizona is a comprehensive real estate and properties. Now, we go to the Phoenix real estate area, and a valuable tool for those looking to get involved in the exciting Phoenix real estate market. For a quick, effective start to your home search, be sure to visit the Phoenix MLS, where you can see all available listings, and narrow down the choices according to property type and price range. If you’re still trying to narrow down which city you want to buy in, our Phoenix Arizona real estate area pages have will help you with local information, and a summary of the investment potential for each city and town.

If you’re ready to enter the market, and want to find the best of Phoenix area real estate, click on the Buying, Selling, and Financing pages for an overview of the real estate process in Arizona.

Search for Phoenix Homes & Condos

Although there are certainly some favored styles in Phoenix homes—the hacienda, the Mediterranean villa, the Southwest rancher—there is, in fact, a wide variety of properties available in the Phoenix real estate area. Phoenix homes & condos include everything from mountain-view villas, to bungalows on tree-lined lots, from 2-story lofts overlooking the city, to exquisite, custom designed desert palaces. For the complete picture and all the details on Phoenix homes and condos, be sure to visit our Phoenix Homes page.

The Promise of Arizona Real Estate

Arizona is the heart and soul of the American Southwest. Here, the arid beauty of the Sonoran Desert meets the Rocky Mountains, and a colorful mix of communities flourishes. There is economic prosperity and unbeatable scenery at every turn, and, with a great deal of Arizona’s wilderness protected, there is the promise of well-being for generations to come. Natural treasures like the Grand Canyon and Saguaro National Park make for wonderful playgrounds, especially on any of Arizona’s 330 days of clear sky per year.

For real estate buyers and sellers, Phoenix, and indeed, all of Arizona presents a wide range of investment opportunities. As new residents descend upon the Phoenix-Scottsdale metro area to compete for top jobs in technology and manufacturing -as well as for great real estate deals- nearby communities like Surprise, Chandler, Gilbert, and Glendale are enjoying unprecedented growth.

Arizona Information

Arizona is named for a small town just south of the American-Mexican border called “Arizonac,” after the O’odham word for “small spring,” where native North Americans have lived for thousands of years. In the 16th century, Spanish explorers mapped the area and renamed the town as Arizona, a name which was later attached to the whole northern part of New Spain. The territory would become the northwest frontier in Mexico’s battle for independence from Spain during the late 1700s and early 1800s, a period which left behind a number of historic fort sites and helped produce cities such as Tucson. Arizona was purchased from Mexico by the United States in the late 1840s, and became the 48th U.S. state in 1912.

Today, Arizona is among the most successful and popular states in the U.S., and is home to the nation’s 21st largest economy. With booming technology and manufacturing sectors, and a traditionally strong tourism economy, Arizona is also one of the fastest growing regions in America. As the state grows, its natural splendor is protected through a network of National Parks and recreation areas, as well as urban natural preserves, helping ensure this state will always be a great place to call home.

A short sale is basically a sales process in which a homeowner’s mortgage lender agrees on a total amount that is below what’s actually due on the loan. By short selling your home, not only will the reduced payments be beneficial for you, but your lender will also have the assurance that they will get paid the amount agreed upon.

Who Initiates The Whole Short Selling Process?

Generally, it would be you by calling a Certified Short Sale Realtor, the homeowner, who will decide on whether or not to go for this. What you must absolutely need however is to arrive at a clear agreement between you and your lender which will be negotiated out with your realtor at the helm. For negotiations on the amount and other standard requirements such as the steps to becoming eligible for free assistance from the HAFA program, it is advisable to consult with a licensed realtor.

The Best Time.

You will find that short selling will be most beneficial during these times of financial crisis. If you indeed find yourself greatly affected in terms of keeping up with your mortgage payments, then short selling may be your best option. Constant late payments are an evident indication that you are likely to go through a foreclosure.

Credit Issues Solved?

How short selling will influence your credit will rely on some factors. First, how many months have you been late on your mortgage (before you sold your home)? Next, how did the agreement or negotiations go with you and your lender? In the perspective of your lender, was the debt truly satisfied? Then, it really depends on the negotiations that arise between the listing agent and the lender’s negotiator. This process can take off anywhere between just 25 points and up to 125.

Getting Assistance

In most areas like Phoenix, Scottsdale, Peoria, Glendale, Sun City and Cave Creek, a realtor will be able to help you through the short selling process. While short selling is meant to take away your burdens and save you from foreclosure, the paperwork that needs to be done can still be tasking especially if you have never tried short selling before. A Certified realtor ensures that you actually do close a sale.

The General Steps Involved

Short selling is actually a very simple concept. You, the homeowner, would sign a listing agreement with a real estate agent in charge of short selling with third party authorization. The agent would then look for a buyer who creates an offer that is below the mortgage balance. If all goes as expected the seller and the seller’s lender would agree on the buyer’s buying offer. And finally, the sale would close when the buyer hands out the funds and the lender frees the lien, and the seller delivers what was agreed on.

A short sale is advantageous to in many essential ways. Enabling short selling helps prices to adapt faster to new data and minimizes the chances of price bubbles. It may also result in higher prices as investors develop more confidence that the prices are satisfying enough.

Maureen Karpinski

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Although foreclosure isn’t desired by anyone, the state of the economy has recently made it much easier for people all over the country to purchase real estate at enormously discounted prices, including Phoenix Arizona.  There are many bargains now available, so contact your Phoenix realtor now to learn what is available if you are looking to purchase a home.

Prices for Phoenix real estate are lower than many have seen in over a decade.  This makes it the perfect time for home buyers to get a house at deep discounts.   Foreclosures have made the properties available plentiful, and they are priced to sell. 

Homes that are almost new as well as older homes in historic neighborhoods can be bought at a deal.  While it is the perfect opportunity to purchase a home in the Phoenix Arizona area, there are still a few pitfalls.  These include repair costs on older homes and  bidding wars..  However, if you plan on purchasing a home to stay in, the time has never been better.

If you are an investor or first time buyer, now is the perfect time to contact a Phoenix real estate agent to learn what is available to you.  Most of the deals that are available are properties that are on the brink of going in to foreclosure or have been taken back by lenders.

There are some details you will want to consider when purchasing real estate.  If your intention is to purchase for resale, check to see if there are other foreclosures that may threaten your desired resale price, or if there are numerous empty homes that may become foreclosures.  Your Phoenix realtor can help you determine what properties are the most desirous if your intent is to resell.

For those whose interest lies in fixing up older or damaged homes, there is a huge market available.  In fact, homes that are priced under $100,000 and have the most physical damage are where you will find the real deals.  Homes that have extensive damage offer better discounts to buyers.

The economy isn’t good for anyone, but it can be the perfect time to buy if you are in the market for a family home or invest in real estate for resale purposes.  The time has never been better to get the most for your money where real estate is concerned.  If you are interested in learning more about the housing market, contact your Phoenix realtor.

A short sale is when the homeowners lender will agree to take less than the homeowner owes on their house to keep the house to avoid foreclosure.  Short sales are becoming very popular since homes have little to no equity and there are alot of those homes in Phoenix.  A few years ago homeowners had their backs against the wall and had the ride the foreclosure all the way to end the court house steps because they had no other options.

Lenders are very likely to accept a short sale when a homeowner is behind on payments but there are cases when lenders will agree to a short sale if the owner can prove they are about to lose control of their financial situation.  The condition of the Phoenix housing market will make it easier for a lender to agree.  To qualify for a short sale the owner has to insolvent and show the lenders a financial snapshot of their income vs. debt. 

One word of advice is to act fast when you first notice that thing might get out of hand, the worst thing you can do is wait until the last minute to contact your lender about your over financed house.  Short sales can take up to 6 months to complete from start to finish, so if you start early your lender might be willing to postpone the foreclosure to avoid the hassle of taking your home back.