Just because they print it does it make it true? Congratulations Miami, the 2011 NBA champions! – NOT. Here it is in print from a Florida newspaper. I guess they never got the memo or checked the score board. Just because it gets printed or makes its way onto the internet, does that make it true? That’s
Short sales are a major part of the Phoenix real estate landscape Short sales continue to be a significant portion of real estate sales in the Phoenix Az valley. And they affect each city to varying degrees. For example, short sales in Sun Lakes were 12% of the total sales in June 2011, while in El
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
Bank Owned Foreclosure – A Play on Words? It is very common to associate a foreclosure with a bank, and this idea is reinforced when we see advertisements for “bank owned” properties. Mistakenly, we also believe banks are taking the biggest financial hit when a house is sold as a foreclosure. However, the fact is that in many cases a foreclosure is not owned
2010 Phoenix Water Ski Community Sales In any given month, distressed sales (foreclosures,short sales, or trustee sales) account for over 50% of the total sales in most all of the Phoenix valley cities. Ski lake properties have been somewhat insulated from this type of transaction, but during 2010 distressed sales have increased in these unique waterfront communities. Three
Questions Remain As Short Sales Become a Bigger Share of Home Sales in Phoenix Short sales, once almost unknown, have become a significant part of the real estate jargon in Phoenix Az. Short sales remain one of the most misunderstood real estate transactions inspite of their increasing numbers. There are many aspects and implications a seller must understand reinforcing
Phoenix area cities have different recovery patterns The graph to the left shows the the monthly price per square foot of sales for the last 10 years for Gilbert and Chandler. A good opportunity to see where we are compared to pre-bubble sales activity. The twin cities of Gibert and Chandler have similar trends for the
Phoenix Arizona Short Sales and “upside down” homes. Short sales in Phoenix, Gilbert, Chandler,Queen Creek, Scottsdale and all across the valley are taking center stage as they have become the topic of any Az real estate discussion. Many a buyer or seller that has been through a short sale transaction will undoubtedly compare it to high
Are you ready for what lies ahead on the Short Sale Path? One of the most confusing and frustrating types of real estate sales is the short sale transaction. Having helped owners that have a financial hardship and negative equity sell their home and also assisted buyers in the purchase of short sales, I felt it
Chandler and Gilbert Average Prices for Sold Homes in 2008 & 2009. I heard a saying that accurately describes our current media. It is credited to Mark Twain, “If you don’t read the newspaper, you’re uninformed. If you read the newspaper, you’re mis-informed”. I guess the more things change the more they stay the
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