Sunday, September 20, 2009

Searching for a Home in Phoenix, AZ? Consider Short Sales, and Save Big

Searching for a home in Phoenix? You may want to consider contacting a reputable certified Arizona real estate agent to help explain the short sale process to you. While price may not be that big of a problem for you, the opportunity to save a bundle of money usually sounds appealing to anyone! An increasing number of homeowners are having trouble paying their monthly mortgages, which means substantial savings for those looking to purchase a home.

Those who are unable to meet their mortgages would usually rather sell their home through the short sale process than to go the foreclosure route. Why? With a short sale, although it does affect the sellers credit, it does not completely destroy it like foreclosure does. Most people are eligible to purchase another home within two years, which is a much better situation than having to wait seven or more. These homeowners can also avoid the embarrassment and social stigma that often comes with foreclosure.

For you, a Phoenix short sale simply means that you can save more money than you ever imagined when you are looking to purchase a home. Many people avoid this process due to the fact that it can get confusing and lengthy, but that is ok. This simply means that there are more houses available for you to choose from! If only they knew that having an experienced and knowledgeable Arizona realtor could help make the process so much quicker and easier, perhaps they would think twice.

The simple fact is that the lender would rather get some money against what is owed on the home, and will negotiate the price. Phoenix short sales involve working with the seller, the sellers lender, and the sellers agent, which can get involved. This is why having a realtor to represent your interests is important. It will also save you a huge amount of time and headaches, as the realtor can handle everything for you.

While it is true that the economy has had negative effects on nearly everyone in some way, there are a few good points. When it comes to buying a home, there has never been a better time. If you want to save a good deal of money, you should buy now while the time is right. When the market stabilizes, these low prices will be gone forever. Phoenix short sales are a chance for you, as a buyer, to get an incredible bargain! Contact a well qualified, certified in distressed properties Arizona realtor today, and be in your dream home in no time

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

Monday, September 14, 2009

Scottsdale, AZ – How Short Sales Help You Snag a Great Deal

It's certainly no secret that the housing market has plummeted over the past couple of years. What does this mean to you, if you are looking to buy an upscale home? In Scottsdale, a well qualified realtor who is experienced with short sales can help you get the home of your dreams, at a greatly reduced price. There has never been a better time to buy! You do need guidance through this process, as it can get lengthy and you want to complete the deal as soon as possible.

Why can this take so much time? When you decide to purchase a home through a short sale, you will be dealing with the seller, their agent and the sellers lender. The bank must make the decision on whether they will accept the amount you are willing to pay. If you have an experienced and certified distressed property Arizona realtor to represent you, they will handle the negotiations for you which can make the entire process much quicker, increase your chances of a successful transaction – and definitely less stressful on you.

Scottsdale is known for elegant, lavish, upscale homes. The entire area is absolutely gorgeous, but out of many peoples price range. Homeowners who live in the area are having a difficult time paying their mortgages, just as people in other areas are. To avoid foreclosure and completely ruining their credit, they will often decide to go the short sale route. This helps the owner save face, and decreases the damage done to their credit.

To you as a buyer, this means a savings of as much as 40% on the value of a home. For instance, if a home would have sold for $400,000 before the housing market crashed, you may now be able to purchase that home for approximately $240,000 - $250,000. Quite a substantial savings! In essence, this means that for many buyers who would not have otherwise been able to afford an upscale home before, many can now.

The process can take anywhere from two to six months to complete, but much of it depends upon whether you have someone to help you negotiate. When you try handle the process yourself, it will definitely take longer. If you are interested in learning how short sale homes in Scottsdale may be an affordable option for you, contact a reputable Arizona realtor who knows the process inside and out! With the time and hassle saved, you will be glad you did.

Sunday, September 6, 2009

Phoenix Short Sales – Choosing a Reputable AZ Realtor Can Save Your Future

The entire real estate market has taken a huge tumble due to the recent economy, but avoiding foreclosure is something you want to do if at all possible. Phoenix short sales are a good option, and a reputable Arizona realtor can help you through the entire process. A knowledgeable real estate agent can help you avoid ruining your credit, and work out a solution that is best for your particular situation.

Walking away from your home is not advisable in most cases. Falling behind on your mortgage payments is becoming more and more common, and homeowners find themselves depleting their savings trying to keep up. Many find themselves in a situation that leaves them feeling that letting their home go is the only solution. When you try to solve the problem yourself, it can be very stressful. Help is available, and you can often avoid foreclosure and the problems it creates.

If you own a home in Phoenix, a short sale is not always the answer, but for many it is a very attractive alternative. An Arizona real estate agent who specializes and is certified in this area can help you understand the process, and work with your lender to negotiate a lower pay-off amount. One thing that is absolutely necessary is that you get your home down to a price where it will sell in the current market, and an experienced realtor is your best bet in accomplishing this.

Foreclosure absolutely ruins your credit, and prevents you from purchasing another home for years. Not to mention the fact that there is a certain stigma attached, and you often feel embarrassed, as if the whole world knows what you are going through. Unless there is no way around it, this is the very last thing you should do. A good realtor who is experienced in short sales will help in creating a unique marketing plan, so that you can get your home sold in the quickest time possible.

Lenders are becoming more and more receptive to the short sale process. You, as a homeowner, want to avoid bankruptcy or having liens applied to other assets you may own. Financially, you may be in a very tight spot. Is there a solution? Absolutely. Contact an experienced Phoenix realtor who specializes in helping homeowners avoid foreclosure, and face a much brighter future!

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