investor - The North Valley Team of Phoenix Arizona

Phoenix Arizona Housing Crisis Solutions for Distressed Home Owners

August 26, 2012 by inVIVO realty Arizona

If you are a Phoenix Arizona home buyer right now you already know that the Phoenix real estate market has heated up again. Low supply and high demand is creating multiple offer situations on most Phoenix homes for sale listings. On more than one occasion I have gone on day 1 to a new listing only to find 5-10 realtors with clients waiting outside to show property. Multiple offers drive up price and that will result in some appreciation in 2012 in my opinion.

We help identify solutions for distressed homeowners in the Phoenix real estate market. There are other things helping the Arizona housing crisis. The time lines for short sales has shortened with most lenders. They have streamlined their processes. One example of this is Fannie Mae was just given more authority by 5 major mortgage insurers to approve a short sale without their approval. Prior to this, the mortgage insurance approval process could add an additional 2-4 week to the timeline. This will really help and shows the intent of institutions and mortgage insurers to want to complete short sales in a more efficient time frame.

Some lenders are offering large incentives to homeowners to complete Phoenix short sale home transactions. I just completed a Phoenix short sale offered by Chase and my sellers received $20,000 at closing as a short sale incentive from lender. These offers vary and depend greatly on which investor is backing the note. Chase is not giving everybody $20,0000.

Bank of America has the cooperative short sale where they claim will shorten the short sale process and HAFA is the government incentive short sale program offering $3,000 to homeowners who qualify.

The recent revisions for Harp 2.0 should help thousands of homeowners being to now refinance their underwater homes. The extension of this to non owner-occupied homes will really help Phoenix real estate investors who are upside down from walking away.

If you feel as though you are a distressed homeowner and you would like more information on Harp 2.0 or want to talk about Phoenix short sales, visit our Distressed Homeowner Rescue website or just give me a call at 480-201-4185 and I will be happy to discuss your situation and help you identify and understand all of your options.

June 2012 Arizona MLS STAT Newsletter for Phoenix Real Estate Statistics

July 26, 2012 by inVIVO realty Arizona

The Arizona Regional Multiple Listing Service (ARMLS) publishes the STAT newsletter which highlights monthly residential real estate statistics specific to the Phoenix housing market.

This comprehensive newsletter includes data pertaining to total housing and new housing inventory numbers, month-over-month and year-over-year home sales, the reported month’s supply of inventory, new property listing prices, home sales prices, the ARMLS Pending Price Index (which is also broken out as a separate report and posted to our blog ), foreclosures pending, distressed property sales, average listing days on market for homes sold, and a commentary highlighting real estate activity for the month.

Click here to view the June 2012 ARMLS STAT Newsletter™ issue

This newsletter highlights very pertinent data for typical home buyers and sellers trying to understand the Phoenix real estate market as well as for residential real estate investors trying to identify Phoenix home sale trends to make smarter investment decisions.

Contact our team of Phoenix home sale agents and brokers today.

The June 2012 Arizona MLS Pending Price Index Supplement for Phoenix Homes for Sale

June 6, 2012 by inVIVO realty Arizona

The ARMLS Pending Price Index (ARMLS PPI) Supplement focuses on new Phoenix pending properties added each month to the Arizona MLS system and analyzes $/SQ FT at different market value price points.

The ARMLS PPI works off of the assumption that when a Phoenix home for sale goes under contract and then into pending status, the contract at that point has satisfied any contingencies with the most common potential roadblock being whether or not a home buyer ends up having issues with his or her lender to such an extent that the issues result in a cancellation of the contract. In this case the home would fall out of pending status and becomes active again. Therefore, most discrepancies between what the PPI predicts and what actually happens may be attributed to an overstated prediction of pending homes that actually convert to executed home sales contracts.

With that consideration in mind, the ARMLS PPI predicts the direction of the Phoenix real estate market thirty days into the future and is based on the pending home sales in the Arizona multiple listing system.

Click here to view the June 2012 issue of the ARMLS Pending Price Index™

Contact our team of Phoenix real estate agents and home sale specialists if you are a buyer, seller, or investor, and you are interested in selling or buying Phoenix property.

New Moon Valley Home for Sale in Valle De Luna

May 29, 2012 by inVIVO realty Arizona

This Moon Valley home for sale was just listed and is a rare North Phoenix find.

This is a spacious and open, split 2 bedroom plus den floor plan with 2 full bathrooms resting on a large corner lot in the Moon Valley community of Valle De Luna.

Moon Valley home for sale in Valle De Luna North Phoenix within walking distance to Moon Valley Country Club.

The Valle De Luna development is known for its gorgeous grounds and amenities as well as being located in the heart of Moon Valley and only a short walk from the Moon Valley Country Club.

This property features a new roof and air conditioning unit, a brick gas fireplace, wood and tile flooring throughout, a kitchen island and a large covered brick patio.

This home could make a very comfortable property for a starter family, a retired couple, or a real estate investor seeking to located good residential rental property.

Listing Courtesy of: Realty Executives.

Florence Arizona Home for Sale in the Community of Anthem at Merrill Ranch

May 18, 2012 by inVIVO realty Arizona

This Florence home for sale offers the buyer of this property the opportunity to live in the community of Anthem at Merrill Ranch. This home is the popular Pulte Roadrunner model with 5 bedrooms and 3 full bathrooms.

This Florence Arizona home for sale is near Phoenix and in located in Anthem at Merrill Ranch.

With the master bedroom downstairs with bay window and a separate exit to the patio, the master bath features double sinks, a separate tub and shower, and a walk in closet. There is also an additional full guest bedroom and bathroom downstairs.

The upstairs has 3 more bedrooms, another full bathroom and a loft area. The kitchen has new flooring and soaring ceilings throughout much of this home will give a buyer and guest a grand feeling. The interior has also been freshly painting.

This Florence home for sale is close to Phoenix and offers a buyer a fully landscaped exterior with an immaculate interior.

As you can see in the photos, this property come with a fully landscaped backyard that is just gorgeous that includes synthetic grass, and a gas stub at the patio for a barbeque.

Included with this home is the refrigerator, washer and dryer. The community amenities feature a community center with a fitness facility, multiple pools, tennis courts, a rock climbing wall, and a water park. The community is also situated around the Poston Butte Golf Course where there are many community parks in the area. This is really a must see home.

A quick close is possible on this home for the buyers looking for an immediate move in date.

Scan our QR Code for more information on this Florence home for sale.

Contact us today to inquire about this home or to inquire about buying or listing another home in the Greater Phoenix Valley if you are a buyer, seller or an investor.

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