I hear this all the time “what should I offer”, I tell my buyers to offer their highest and best offer if they want to buy a house. Recently I had a client that saw a house and it had all the things in a new home they wanted and need. I advised my client [...] Read more
Is It Just Me Or Is the Metropolitan Phoenix Real Estate Market Is Changing
Is it me or is the metropolitan Phoenix Real Estate market is changing for the better. Lately we’ve been getting a lot of buyers trying to find a good deal on a home in the Metropolitan Phoenix area. There are still some deals out there but they are going fast. I tell people that it is [...] Read more
Chase Bank Offers $20,000 Incentive to Distressed Homeowners
In the last 30 days, Chase Bank has rolled out a new program for distressed homeowners in the Metro Phoenix Area. Chase homeowners that have missed payments have started receiving the letter attached that gives an outline of the program. The letter states that certain loans may qualify for a $20,000 incentive for homeowners that [...] Read more
Where are foreclosures highest?
One of my favorite sources for solid information on the Arizona real estate market, The Cromford Report, had an interesting article on where foreclosures are most prominent. These numbers can have impacts on values (obviously), but also on the neighborhoods in which they occur (including the HOA; if you’re buying or selling, we need to [...] Read more
Phoenix Real Estate Prices Dropping
The Arizona Regional Multiple Listing Service Inc. released its Pending Price Index, which uses the pending prices of homes under contract in the system to forecast average and median sales prices for the upcoming four months. The conclusion is that the Phoenix real estate market still may not have hit bottom. “Casting about in MLS [...] Read more
Loan Modification and Credit Score
In my experience, homeowners will initially try for a loan modification before they begin thinking about a Short Sale. Understandable-we didn’t buy our houses to feel forced to sell, so if we can renegotiate our loan, then it makes sense to do it. There are a few things we should know before taking the plunge [...] Read more
