Will Your Short Sale Last?
Contract acceptance is the honeymoon… everyone anticipates a happy ending, then real life sets in. As in real life not all marriages survive, neither do all accepted short sale offers! Its like dating a beauty queen or the all-star quarterback. It’s love at first sight and WOW that list price is amazing. It may be the nicest Scottsdale, Chandler or Gilbert waterfront property you’ve seen. But with time you find out that this short sale process uncovers some severe flaws that were unforeseen. Here’s real life situations where “flaws” have surfaced and that promising short sale deal falls apart before happily ever after comes!
If you’re looking for single story luxury homes in a gated lake subdivision, then Balboa Point, Catalina Shores, or Laguna Cove may be the right place to start. These TW Lewis homes are situated on lots that range in size from 9,000 to 10,000 sq.ft. for a standard lot. Balboa Point and Catalina Shores are almost exclusively single story homes while Laguna Shores is over 60% single story homes. A private pool is almost a sure thing for prospective buyers since 70% – 85% of the homes have a pool depending on the subdivision. If your timing is right you may even be able to find a basement home in Catalina Shores.
I found the following quote by Franklin D. Roosevelt, “There are as many opinions as there are experts.” Speculating on real estate trends is a favorite past time for anyone, especially as of late. It is easy to get caught up in the broad “one size fits all” real estate commentaries, so read on to see what’s really happening with Phoenix area real estate. To truly understand, it is always best to look at the data and identify trends.