Many Canadian clients ask us about Short Sales. It is not a term commonly used in Canada. Short sales are pre-foreclosure situations where the homeowner is about to be foreclosed on and in a last minute attempt to keep the foreclosure off of his credit history they try to sell it. The home is worth… Read More
Update on the Phoenix Market
November 14, 2008 by
Foreclosures are selling rapidly in Phoenix right now. The word is definitely out that Phoenix is a bargain and buyers are coming in strong from California and Canada to pick up the deals. The number of buyers in the west valley is up over 400% since January. Anything under 300k is moving rapidly. Of the… Read More
You Get What You Pay For
November 13, 2008 by
The old adage “You Get What You Pay For” is very true in real estate. I fully understand it is very difficult to search for a Phoenix home online from Canada. However, if you see houses online that are priced under $100,000 you need to ask yourself why they are priced that way. Generally homes… Read More
Foreclosure Deals
November 10, 2008 by
I receive emails from clients daily about foreclosures that they saw on their personal web pages (custom searches made for each client with our free Home Finder Service). They often want to know if this deal is “for real” because it seems to good to be true. That’s the beauty of many foreclosures. They are… Read More
Update on Phoenix Foreclosures
July 14, 2008 by
Occasionally I will run the numbers on zip codes in the Phoenix area to see how they look. As of tonight (Sunday, July 13th at 1130 PM AZ Mountain Standard Time) Surprise’s 85379 zip code and Buckeye’s 85326 zip code both had 649 foreclosures scheduled in the next 90 days. If those zip codes were… Read More
Phoenix Foreclosures Bidding Wars
July 1, 2008 by
Bidding Wars? Multiple Offers? You would think I am talking about the boom days of 2004-2005. No – this is actually going on in Phoenix TODAY over some Foreclosures! Many of the current listings on Foreclosures are such fantastic deals that I am routinely seeing multiple offers for the same house. Buyers know how undervalued… Read More
Hurdles of Buying a Pre-Foreclosure or Short Sale Home
June 24, 2008 by
The biggest hurdle involved in buying a Pre-Foreclosure or Short Sale home is getting all of the parties to agree to the contract. In a Short Sale situation the homeowner is trying to sell his home for less than what he owes to the bank. The bank has to agree to accept less than is… Read More
