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Phoenix Real Estate

Everything Buyers and Sellers Should Know About Short Sales

If you want to learn more about short sales, this message is for you.
Looking to buy a home? Click here.
Looking to sell your home? Click here.

Today I’d like to touch on a topic that, thanks to our currently strong market, is not something many people have to deal with these days: short sales. However, while this kind of transaction may not be particularly common, it’s still something some sellers encounter. As such, I wanted to explain what short sales are and how to navigate one for all of you in this quick message.

Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure:

0:11 – An introduction to today’s topic

2:18 – Why short sales can be advantageous for those faced with financial hardship

2:33 – The first factor to consider when thinking about a short sale: credit

3:08 – The second factor to consider when thinking about a short sale: caxes

5:29 – The third factor to consider when thinking about a short sale: deficiency

8:11 – How buyers can benefit from short sales

8:52 – A few closing words

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

What Buyers and Sellers Must Know About Closing Costs

What are closing costs and what role do they play in the real estate process?
I touched on all of this and more in my most recent interview.
Looking to buy a home? Click here.
Looking to sell your home? Click here.

I recently sat down for an interview with my friend Elizabeth, who wanted me to answer a few of her questions about a very important subject: closing costs. This is something I think many homebuyers are unclear on, so I’m excited to shed some light on the topic for all of you today.

Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure:

0:53 – What exactly are closing costs?

2:41 – What do buyers and sellers each pay at closing?

5:12 – In today’s hot market, how likely is it that Phoenix sellers will agree to pay for buyers’ closing costs?

8:27 – A conclusion to today’s interview.

If you have any other questions or would like more information, feel free to give my team or me a call or send us an email. We look forward to hearing from you soon.

What’s Happening in the Phoenix Real Estate Market?

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Although we may see a market correction in the next few years, it’s unlikely that it will happen in 2019. For the time being, our market remains extremely strong.
Looking to buy a home? Click here.
Looking to sell your home? Click here.

Today’s topic is a good one. We’re going to discuss where our real estate market is at this very moment in Greater Phoenix.

Here’s some perspective. The housing market moves in cycles, usually in 10- to 15- years at a time. It always has and it always will. When the market started to tip during the last housing cycle, it was in the 2nd quarter of 2007. Obviously, 2008 is when things got bad, but we were already in a declining market by that point.

Inventory is still low, and so are interest rates.

It’s been about 12 years since that point, so a correction is around the corner in the next few years. According to First America Financial Corporation, though, 2019 will be an even more robust year for sellers than 2018 was.

A big reason for this is the fact that more and more millennials are now forming families and becoming homeowners. Because this segment of the population is so large, it’s creating huge demand, which is great news for sellers.

Another reason is that we still have low inventory. Rates are low as well, and they’ve dipped back below 5% to 4.25% on average. That’s cheap money to borrow if you’re looking to buy. Down payment assistance programs are out there that will give you up to $15,000 for assistance as well.

What does this all mean for you? Well, we’re experts in selling residential real estate and we want you to know that we’re here to provide value for you. If you have any questions for us in the meantime about the market or about your personal situation, don’t hesitate to give us a call or send us an email. We look forward to hearing from you soon.