There’s no doubt about it. Short sales are a bigger part of the Scottsdale real estate market than ever. Home sellers and buyers need to be educated well in advance of the listing or making an offer on a home. The Arizona Short Sale Seller Advisory was created with the home seller in mind, but [...]
From the category archives:
Foreclosure / Short Sale
Want to get a better feel for how Scottsdale compares to the rest of great Phoenix when it comes to foreclosures (lender-owned) and short sales (noted as pre-foreclosures on this chart)? Looking at foreclosures, on a percentage of monthly sales for December 2010, only Paradise Valley, Sun City West, and Sun Lakes had lower rates [...]
I took yet another short sale class yesterday. The first short sale class I took two years ago focused on explaining what a short sale is, and over the years content has evolved to how to close short sales, along with all kinds of tips, tricks, and tools. Yesterday’s class was an eye-opener. The title [...]
Here’s another one of those pages you may want to bookmark. This monthly chart (courtesy of John Hall & Associates) will be updated when new data is available, usually mid-month. Quickly, you can see that for Maricopa County, as of October 2010: Total Pending Foreclosures are still high, but down from the peak of 2009. [...]
photo credit: woodleywonderworks I learned about this web site, KnowYourOptions.com, at one of the many short sale and foreclosure classes I’ve taken over the past couple of years. It’s a Fannie Mae web site that includes a lot of basic information, plus some tools for walking a homeowner through their options. The whole idea of [...]
Not much to say about changes in the number of foreclosures and short sales currently listed for sale in Scottsdale. Yet, I know this chart will take some readers by surprise. With so much focus on distressed properties, isn’t it interesting to see that, by far, most homes listed on the market are normal sales?
Just yesterday, someone asked me about the shadow inventory in Phoenix. That’s all the houses that are likely to be repossessed by a lender or already in the lender’s real estate owned (REO) inventory. Conveniently, the Phoenix Business Journal also published: Phoenix 30th in shadow inventory of homes Which states: "And despite many gloomy reports [...]
