Archives for November 2009

Update on Changes Coming to Short Sales

This just in as of a few hours ago, as first mentioned earlier today here: NEW YORK (Reuters) – The U.S. Treasury on Monday set long-awaited guidance on a plan for mortgage companies to speed “short sales” of homes and other loan modification alternatives to stem a rising tide of foreclosures. The Home Affordable Foreclosure […]

Quick Answers on a Short Sale? It May Be in the Cards

As things stand now, there are two primary drawbacks to making an offer on a short sale: The process seemingly takes forever, with agents and buyers waiting on lenders who in turn are waiting for investors to decide whether to accept less than the amount of the mortgage on a given property. Most agents and […]

Avondale Real Estate Update – November 29

Below is a snapshot of the Avondale real estate market with data provided by the Cromford Report as of November 26. Looking for homes in Avondale? You can search the Avondale real estate listings or, if you prefer to view listings by RSS, you can add the feed here. [tags]Phoenix real estate[/tags]

Phoenix Short Sales – The Simplest Answer is the Least Popular

Questions abound when it comes to short sales in the Phoenix real estate market; nearly all deal with how the process can be shortened, the bank’s motivation and confusion about the real meaning of the price listed in the MLS. Some of the most common questions center around the idea of cash – whether a […]

Buying Phoenix Real Estate is a Process of Elimination

Last year, with the switch in local MLS providers here in the Phoenix real estate market, agents applauded the new-found ability to enter an unlimited number of photographs for any given listing. And in so doing, most seemed to forget the reality of real estate buying – it’s a process of elimination. When buyers search […]

The Bipolar Nature of the Housing Market and Beyond

This morning brought news that existing home sales rose 10.1 percent in October, which the National Association of Realtors quickly attributed to the now-extended deadline for the home buyers’ tax credit. Sales activity nationally is at its highest point since February 2007, which means the nation’s catching up with the three-plus year highs in closed […]

Where Online Real Estate Has Gone Wrong

When I started my real estate career back in 2004, I quickly became known as the “internet” guy. The majority of my business came from my website (which soon grew to become a half-dozen different websites) and if there was a new trend to be followed (read: blogging, circa 2006) I jumped in with both […]

Property Taxes in Phoenix Real Estate

I heard a first the other day … someone say the property taxes here in the Phoenix real estate market were a little higher than they were willing to pay. Really? For those unfamiliar with Arizona’s general political climate, there remains a distinct Old West mentality in these parts. Good government is less government, that […]

Watch Out – The Lenders Are Working on a New Deficiency Statute

A note came through my Inbox today that lenders are starting to lay the groundwork for a new version of Arizona SB 1271 – the bill that allows lenders to pursue deficiency judgments against homeowners who lose their homes due to foreclosure. SB 1271 was passed this spring at the end of the regular session, […]

Where to Start Your Phoenix Real Estate Offer

This normally would be the perfect place to reference Dancing With The Stars, but the abuse I receive from my friends after such posts isn’t worth it. Instead, let’s talk about the World Series of Poker. Watch enough of the ESPN broadcasts and certain patterns appear. When someone leads out to make the first non-compulsory […]