Real Estate Types | Buying Arizona Real Estate

The Phoenix Real Estate Weekly 5/28/10

Courtesy of Barb Savoy-Pacella ABR, CNRS, CHMS ~ Director of Business & Career Development, Keller Williams Arizona Realty www.PacellaGroup.com

There are many variables that can effect what seems to be our continuing ascension from what appeared to be the bottom, such as, “strategic default” by Alt-A borrowers; the expiration of the home buyer tax credits; and any [...]

The Upside of Short Sales

note: I received this in an email, and thought it was worth sharing:

For the last few months we have been writing articles to keep Realtors informed on issues relating to short sales. We have had comments from some Realtors that they are afraid to handle short sales because of the risks involved. But lets look [...]

The Phoenix Real Estate Monthly 5/14/2010

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS Director Business & Career Development ~ Keller Williams Arizona Realty

The Phoenix market certainly has it’s ups and downs, but one thing has been VERY consistent over the past year. Properties listed over $400,000 only account for 7% of what has been selling for the past year. In the [...]

New Fannie Mae Waiting Periods for Sellers of Distressed Homes

from Rebecca Roberts, Mortgage Banker with The Lending Company, Inc.

Advising Short Sale and Deed-in-Lieu Clients 2010

If you are working with a client who has had a short sale or a deed-in-lieu in their past…or you are listing a home and your sellers may have the same issues…Fannie announced new waiting periods, as of July 1, [...]

The Phoenix Real Estate Weekly 5/7/2010

It appears as though we have another week of “the good, the bad, and the ?”

The good

The absorption rate Valley wide in all price ranges is 28.4%.
In the price ranges under $175,000 the absorption rate is 30-40%
Valley wide there is a 4.5 month supply of inventory (seller’s market)

The bad

The absorption rate drops into the teens [...]

The Phoenix Real Estate Weekly 4/30/2010

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS
Director Business & Career Development
Keller Williams Arizona Realty
www.PacellaGroup.com
(480) 767-3009

I hate to sound like a broken record (if you are under the age of 35, records were vynil discs that were used to store music prior to CDs, i-pods or MP3 players, and they sometimes became broken or scratched and [...]

Here they come: Bank Owned Mansions, foreclosed luxury properties

It was only a matter of time.

As of this writing, in the million dollars and over market there are now 57 foreclosed, lender owned luxury homes – some bonafide mansions – for sale now in metropolitan Phoenix (including Scottsdale and Paradise Valley). Luxury estates recently valued near 10 million dollars, being sold in the mid 3’s!!!

Yes, [...]

The Phoenix Real Estate Weekly 4/23/2010

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS Director of Business & Career Development ~ Keller Williams Arizona Realty ~ www.PacellaGroup.com

The Market Optimism May be Contagious!

As reported by Peter Corbett in the Arizona Republic on April 15th, according to a University of Arizona forecast, the Valley’s new-home market is on its way to recovery.

The UofA Economic [...]

Strategies for Offers to Purchase Arizona Short Sales

The dynamics of short sales are very different from normal sales. Because the seller’s bank must approve any buyer’s offer PLUS approve of the eligibility of the seller themselves for a short sale, the process of a short sale transaction takes many months from start to finish to consummate. We’ve seen them taking anywhere from [...]

The Phoenix Real Estate Weekly 4/16/2010

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS Director Business & Career Development ~ Keller Williams Arizona Realty
www.PacellaGroup.com

The Phoenix Metro Area market continues to show signs of strengthening and reason for optimism.

The average rate, Valley wide, at which the market is absorbing active inventory is 26.9%. That number is considerably higher in the price ranges under [...]

Buying Arizona Real Estate

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