Phoenix Realtor Vultures
Lately, whenever I show a house, there are typically anywhere from 2-8 realtors circling the house like vultures around a fresh kill, waiting their turn to get inside. More often than not, they have no client with them. This tells me several things:
1. There are very few houses available for sale
2. Those that are for sale are going to sell for more than list price, & often there’s a bidding war.
3. If it doesn’t seel right away, it’s overpriced or trashed.
4. If realtors are circling without clients, they usually represent investors who often don’t need to see the house, but just figure out if they can make a dollar or two by fixing and flipping.
5. There are so few houses for sale, that people are putting a high price on their offer, to get the house off the market, and then once they figure out it’s not an economically sound buy, they let it go back on the market.
6. There are several backup offers on every reasonably ‘good’ house.
7. Often a house goes on the market with several offers already accepted & backing up. This tells me that listers are offering the house to their own clients & clients of their office first, before putting it on MLS, so that they can double dip on the commissions. Not bad in & of itself, but discouraging for buyers.
If you or anyone you know wants to talk about pricing, short sales or anything else that’s going on in this crazy real estate market, please call me.
Arizona Short Sale Points To Ponder
Have you ever thought about a short sale on your home? Are you underwater but still managing to make your payments every month? Or maybe you have no idea what to do do next, & have had to stop making mortgage payments?
I’d be happy to sit down and explain a few things to you, and help you make the life-changing decision you will eventually have to face if you can answer ‘yes’ to any of the above questions.
I can give you information on the newest plans for folks such as you from banks, government and real estate buyers and investors. The only thing that remains constant is change, and as your real estate professional, I spend many hours each week in contact with bankers, investors, and short sale lawyers, accountants and other advisors to keep up to the minute on what’s happening in the marketplace. It changes almost daily, wo what you thought last week, or read in last week’s media may not be valid this week or next week.
Let’s talk about the following:
1. Avoiding foreclosure & the future problems that foreclosure can cause
2. Find out about forgiveness of deficiency
3. In many cases, dings to your credit score can be avoided or minimized
4. Yes, you can begin to rebuild your real estate assets immediately
5. After a short sale, there are non-traditional financing options available
6. Cash for keys from the bank
7. Sooner is better than later to deal with underwater housing
8. Short sales usually bring a higher value than a foreclosure
9. Laws continue to change, very quickly and very often, so stay up to date
Want to know more about the Phoenix Scottsdale home scene? Call or email firstname.lastname@example.org for free info on the following:
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*Disclosure issues affecting Phoenix Home buying
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*Maxiemize Lifestyle with PhoenixAreaCanadianRealtor 602-738-6597
Mary Maxie, Associate Broker, Prudential Arizona Properties
Frequent updates at my blog www.marymaxie.com