Phoenix Short Sales Help Make Short Work of Selling a Home

You may not know what the term “short sale” means. All you know is that you live in the Phoenix area, and that you need to sell your home. However, the economy has slowed the buying trend, and you don't know what to do. A qualified Ceritifed Short Sale Phoenix realtor can explain the short sales process to you, and help guide you every step of the way. There is a way to sell your home!

The economy has affected many people; jobs have been lost and hours cut. Through no fault of your own, you find yourself in a situation where you are behind on your mortgage and could be facing foreclosure. The only solution is to sell your home – but to who? In Phoenix and surround areas, short sales have helped many individuals and family's get out from under mortgages they can no longer afford.

An experienced real estate agent can explain every aspect of the process, so that you fully understand how it works. Some people bash short sales, but this is usually due to the fact that they want to sell a home NOW, and the process can get lengthy if you don't have the right realtor to help you along. A Short Sale agent can help locate the perfect buyer for your home, so that the process does not drag out over an extended period of time.

Here is a short overview of the process:
Your Certified Short Sale Realtor will provide this process for you at NO cost
Get approved for a short sale from your bank. Usually, there are two factors that allow you to do this; either you are facing a hardship, or you owe more on your mortgage than your home is worth. Hardships may include loss of job, divorce, a death in the family, etc.

You will need to submit a financial package to your lender, containing various documents including a hardship letter, bank statements for a selected period of time, financial statement, tax returns, etc. A reputable Short Sale Phoenix realtor can help so that you have everything in your package that is needed.

Now, your agent can begin searching for a buyer for your home. Of course your lender does not want an empty property, they would rather have some sort of payment for your house. That being said, they do not want ridiculous offers; they would like an offer from a buyer that is somewhat close to market value of comparable homes in the area.

Once your bank approves a buyers offer, you are on your way to being free of the debt! While short sales do affect your credit rating, they do not completely destroy it as the foreclosure procedure does. Normally, within just 18 to 24 months you can purchase another home, whereas with foreclosure it will be about 5 to 7 years before you can attempt to buy a home. In Phoenix, short sales are the way to go if you want to avoid foreclosure and be able to purchase another home in the near future. Contact an experienced short sale Arizona realtor today!


Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

Scottsdale AZ Short Sales: Relief For Homeowners Drowning in Debt

If you live in Scottsdale and can no longer afford your mortgage, short sales may be just the solution you need. You are drowning in debt due to any number of reasons – the economy, loss of job, divorce, a medical emergency. For whatever reason, you are behind on your house payments and are afraid that foreclosure is just around the corner. You are worried, stressed out and in desperate need of an answer.

In instances like these, a reputable Scottsdale realtor can be your best friend. They understand the short sale process inside and out, and can help you sell your home quicker and more efficiently. While this process can get drawn out, it is usually due to the fact that potential buyer's offer way too little money. A real estate agent who knows the market can find the perfect buyer for your home.

While you cannot choose to do a short sale yourself, you can submit a financial package to your bank so that they can approve this method to sell your home. Banks are in business to manage money, not to own vacated homes and properties. They would much rather take a loss on your home than to actually have it in their possession. If you can prove that you have a hardship or owe more on your mortgage than your home is worth, your lender may approve this process.

Once you are given the green light, a qualified Certified Short Sale Arizona realtor will locate qualified buyers for your home. This is the crucial aspect of the process; the buyer should be willing to pay a price that is close to the market value of other comparable homes in the area. The bank is not likely to accept an amount that is substantially too little, so a realtor can really come in handy in this instance. They know what homes in the area are worth, and can find buyers who are genuinely interested and qualify.

When you face foreclosure, you face a bleak future. Your credit will be destroyed, and you may be unable to purchase large ticket items such as a home or vehicle for years. The short sales process does affect your credit, but not in the way that foreclosure does. You will likely be able to purchase another home for you or your family in just two years or less. This is the very best solution when you are drowning in debt and have no idea how to get back above water! If you live in Scottsdale or surrounding areas, consider the short sales process. A real estate agent with years in the business can place a “Sold” sign on your home fast!

Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

Phoenix Short Sales Make It Possible For Homeowners to Get Out From Under Their Mortgage

Unexpected circumstances take place in life, causing financial problems. A divorce, death in the family, or loss of job can devastate you. When you find that you can no longer afford your mortgage, short sales are a possible solution to your problem. If you live in the Phoenix Arizona area, you may be able to get out of your home without facing foreclosure and the problems that go along with it. You may love your home, but when you are faced with financial worries it is sometimes necessary to do what you have to.

Many homeowners really don't understand the short sale process or how it works. This is when it is beneficial to you to seek the guidance of a realtor who is experienced in the process. They can help you understand how the process works, and what is involved. There is much negative information out there on short sales, but most of it is due to the fact that the process can get lengthy if you do not have a professional to guide you along the way. A reputable real estate agent will help you find the perfect buyer for your home, which can shorten the process substantially.

Locating the right buyer is what often lengthens the short sale process. Many want to offer an amount that is ridiculously low, which the lender usually will not approve. The bank is willing to take less than what you owe on your home, but they do not want to settle for pennies. A Phoenix realtor with vast experience in this process can locate the perfect buyer for your home, so that you can get out of a stressful situation quickly.

Why would your bank take less than what is owned on your home? They would absolutely rather have some money and suffer a loss than to have a property sitting empty. When a buyer offers you a purchase price that is acceptable to your lender, you have a sale on your hands, which is a great relief to you. The result is that you get out of an impossible financial situation, without totally destroying your credit – which is what happens if you are forced to go through foreclosure.

Not only is foreclosure deadly to your credit score, it also causes many people embarrassment because of the stigma that can be attached. If you end up going this route, you can expect to be unable to purchase another home for many years. Short sales do damage your credit, but not to the extent that foreclosure does. You can often buy a new home in only two short years.

The fact is that banks do not want to have properties on their hands – they deal with money and financial issues. If you find yourself upside down in your mortgage payments and feel that there is no way out, contact a reputable Certified Short Sale Phoenix real estate agent who has helped thousands get out of their home the easiest way possible. Short sales are a life saver for many, and may be your saving grace as well.



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Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

A Phoenix Short Sale is a Real Option For Homeowners Who Find Themselves Under Water

If you live in the Phoenix Arizona area and have fallen on hard times, you may find yourself in a situation where you must sell your home. A short sale is a solution for many who meet the qualifications. You will need a reputable realtor with experience in short sales to help you negotiate the process. They will also do their best to quickly find a buyer for your home, so that you can get out from under the financial stress.

While the process can get lengthy and often does, it will go much more smoothly if you choose an experienced certified in short sales real estate agent that thoroughly understands the process. It is their job to find a buyer for your home, and a reliable agent will handle all of the details they possibly can for you. With the declining economy and tremendous job loss currently being experienced, many homeowners now find that they simply cannot pay their mortgage any longer. If you live in Phoenix and this describes you, learn more about the short sale process.

How does the process work? Here is a basic explanation:

1. In order to choose a short sale, you must qualify. Qualifying may include proving that the market value of your home has dropped. In addition, some lenders will consider this option if your mortgage is in or near default. You should also be ready to prove that you have fallen on hard times, and this does not mean spending your money foolishly. An example of a hardship would be: Loss of employment, death, divorce, unexpected medical bills, bankruptcy
2. You, as the seller, sign a listing agreement with a realtor who is experienced in the short sale process. The agent should then attempt to find a buyer who will make an offer for less than the balance of the mortgage.
3. As the seller, you will be responsible for accepting the offer of the buyer.
4. It is then up to your lender to decide if they are willing to accept the buyers offer.
5. The lender either accepts or declines the offer. If accepted, the lender will release the lien and you, as the seller, will give the buyer the deed.

If you do consider a short sale for your Phoenix home, be aware that your credit will be affected, but it will not be completely ruined as it would with foreclosure. With a short sale, you can generally purchase another home within 18 months to two years, whereas a foreclosure makes it nearly impossible to buy another home for about 5 to 7 years. Foreclosure is also embarrassing to many people, so taking this route helps you avoid the stigma.

Does a short sale sound like a good solution for your problems? Contact a reputable and experienced Phoenix realtor, who can explain the process in detail and help you make an informed decision.

Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

Glendale Arizona Short Sales – How Sellers and Buyers Benefit

In Glendale Arizona, just as with the rest of the nation, people are losing their homes. Jobs are scarce, and unemployment rates are soaring. If you find yourself unable to pay your mortgage, a qualified realtor can help you make some wise decisions as to whether a short sale may benefit you. They can also help negotiate the sometimes tricky details, so that perhaps you can avoid foreclosure.

For buyers, the housing market is paradise! Home prices are at their lowest in years, which means you can get a real bargain on a home. Short sales in Glendale Arizona benefit both sellers and buyers, although you may sometimes hear otherwise. However you look at it, the buyer is going to get a deal. For the seller, while your credit won't be completely left intact, it may not be completely ruined. In many instances, deciding on a short sale means that you may purchase another home in as little as two years. With foreclosure, the time period is usually 5 to 7 years!

A short sale is usually negotiated between the seller, their lender and the sellers agent. There are quite a few details to be worked through and sorted out, and the process can get pretty lengthy. This is where an experienced Certified Arizona realtor comes in. They have been through all of this before, and can help make the process less complicated and lengthy. Think of them as a 'negotiator' on your behalf.

Another benefit to the buyer is that they offer a price for the home. Of course, anything that is ridiculously low would be refused by the lender, but the buyer can often get a home at 30 – 40% lower than the normal asking price would be. This means that if you could not afford a $300,000 home previously, you may now be able to get a home in that price range for around $200,000. Quite a substantial savings!

In Glendale, whether you are a buyer or seller, you want to know all you can about the short sale process. This helps avoid much confusion and anguish. Many times, people get frustrated or lose patience with the process. If you are a seller who can no longer pay your mortgage, or a buyer looking for your dream home, contact a reputable Certified Distress Property Arizona real estate agent today. It will help make the entire process one you can endure!
Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

Short Sales Allow Phoenix Homeowners to Exit With Fewer Worries

Many of life's problems can cause a homeowner to become upside down with their mortgage. A death in the family, divorce, or losing your job can mean that you can no longer afford your home. In Phoenix Arizona, short sales help those who are desperate to get out from under their mortgage payment do so without facing foreclosure. While having to sell your home is never a pleasant experience, you want to do the best thing for yourself and your future.

How does a short sale work? A certified reputable realtor to help you through the process is advised, as it can get lengthy if you go it on your own. Foreclosure sticks on your credit rating for years, and often prevents you from purchasing another home. No one wants to go this route unless there is just no other option; fortunately, a short sale may be your best bet. If your bank is willing to sell your home at a loss, then you find a good real estate agent to find a buyer for your home.

What often gets lengthy is going through the process of locating a buyer for your home. The buyer proposes an amount they want to pay for your home, then the bank must approve it. If the buyer offers a ridiculously low amount, the bank may decline the sale. Then, it's start over from step one. When you hire a Certified Distressed Property Realtor who is experienced in the short sale process, they know how to handle buyers, lenders and anyone else involved so that no time is wasted. You want to get the ball rolling, and hiring an agent is your best bet.

Why would your bank settle for less than what is owed on your home? They would rather take a loss than have a home sitting empty. If the buyer comes up with an amount that is acceptable, you have sold your home. This means that you can get out from under those monthly payments without completely destroying your credit, and without the embarrassment some feel when faced with foreclosure.

The truth is, banks deal with money and do not really want to own property, which is what essentially happens in foreclosure. They would rather get a fair market offer, and when a buyer offers an amount in this range, that is often all it takes. Do you live in Phoenix and find yourself in dire financial straits? Consider a short sale, and hire the best realtor you can find to assist you in finding the perfect buyer for your home!

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Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

Arizona Short Sales in Scottsdale

Most people know that Scottsdale Arizona is an upscale area where you will find lavish, elegant homes. Short sales have become popular over the past few months, due to the economy and housing market. What does this mean for you, as a buyer? You can get a home that was most likely beyond your price range previously. When you are dealing with this process, having a certified, reputable and experienced realtor helps make the negotiations much quicker and seamless.

Why would homeowners be selling their homes for prices that are affordable? The economy has caused many people to lose their jobs, and all over the country people are having financial hardships. This happens, even to the wealthy! They find that they cannot pay their mortgage, and don't want to face foreclosure. In Scottsdale, finding a short sale home can mean that you get a lot of house for your money!

An Arizona real estate agent who is certified and experienced in this area can help make what can be a lengthy process much simpler. Why do short sales have such a bad rap? Because it can take a long time, and you are dealing not only with the seller, but their lender and agent as well. When you determine how much you want to offer for the home, the bank makes the decision on whether it is an acceptable amount. This can all get exasperating, but a good agent will represent you to insure that everything runs smoothly.

Foreclosure not only ruins your credit, it can also be very humiliating for some. Those who live in the Scottsdale area are people too, and bad things can happen. When tragedy strikes and a homeowner can no longer afford their home, they must take action. Short sales help them get out from under their mortgage, without completely destroying their credit. While it is a sad situation, it is the chance of a lifetime for a buyer to get a beautiful, lavish home at a steal!

If you are considering purchasing a home in the Scottsdale Arizona area, you would be well advised to have a highly qualified real estate agent help you locate available homes. One who knows the area and what you are willing to spend can help you find a great deal, and make the transaction much less stressful and confusing. Short sales, when handled properly, are a wonderful opportunity for a buyer! Don't let the opportunity slip away from you.

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Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties