Short Sale Listings | Buying Arizona Real Estate

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 [...]

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, [...]

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 3/05/2010

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

For the past year, we have seen consistently month over month that 93-94% of all properties selling in our market are listed under $400,000. That is still holding true.

As we know, the number of foreclosures listed has decreased, but the number of [...]

Loss Mitigation Programs

An interesting email I received from Stan Van Dyk of Cash Funding Options:

Hi All:
Today, I’m going to show you how the government’s
moratoriums and loss mitigation programs have affected
foreclosures and shadow inventory.

Shadow inventory is made up of all the properties that are
in foreclosure or headed toward foreclosure that haven’t
hit the market yet. There are 7 [...]

The Phoenix Real Estate Weekly 1/22/2010

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS
Director Business & Career Development
Keller Williams Arizona Realty
(602) 908-7177
www.pacellagroup.com

The forecast for the Phoenix market is still optimistic. We are seeing the traditional swell of inventory that would be typical in January with inventory increasing, and pending sales decreasing, however; if you compare our current inventory with January of 2008 [...]

The Phoenix Real Estate Weekly 12/31/09

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

Happy New Year!

To view homes for sale, or for additional information about the Phoenix, Arizona market, visit www.PacellaGroup.com.

What a difference one year makes!

As we reflect on 2009 and anticipate 2010 here are some things we know:

* 94% of all properties that sold in 2009 [...]

The Phoenix Real Estate Weekly 12/18/09

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS
Keller Williams Arizona Realty
www.PacellaGroup.com

The Federal Reserve has concluded their final meeting of 2009. It appears that for the time being, the Federal Funds Rate will not be increasing. However, the mortgage backed security program currently in place that has kept rates artificially low will come to an end in [...]

The Phoenix Real Estate Weekly 12/11/09

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS
Keller Williams Arizona Realty

As the Market Turns!

* Sales volumes are up 66% over the same time period last year.

• Pending sales are up 79% over the same time period last year.

There has been an interesting pricing trend over the past month. We have been observing the average price per [...]

The Phoenix Real Estate Weekly 11/27/09

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS
Keller Williams Arizona Realty

To view homes for sale, or for additional information visit us at www.PacellaGroup.com

If we continue on our current trend, it could be very good news for the Phoenix market.

According to the Cromford Report, which analyzes Phoenix real estate data, sales volumes are 63% higher than the [...]

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