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
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