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So far, 2010 has been a better year for the housing market in Phoenix and surrounding areas of Arizona. In a month’s time, sales on 7093 properties have closed, and inventories are up 1% since the last market break down report. As of March 15th, there were 27,594 active listings.

It appears that sales are well ahead and the market continues to improve over 2009. Pending sales have increased by more than 40% since the first of this year, which will really increase the number of closings over the next couple of months. As of March 15th, there were 27,594 single family dwelling detached homes for sale. With 7093 homes closing in the last 30 days, the current market supply is 4 months.

In Phoenix, there are a total of 5,681 active listings and inventories are up 1% since last report. There have been 1629 closings in the last month, which is about a 3 1/2 month supply. Slightly ahead of Phoenix is the West Valley area, the most robust in this market currently. West Valley, comprised of Surprise, Peoria, Sun City, Glendale, El Mirage, Youngtown, Litchfield Park, Avondale, Goodyear, Buckeye and Tolleson, had 6,489 active listings at the time of this report and 2118 closings, about a 3 month supply.

The Southeast Valley of Tempe, Mesa, Gilbert, Apache Junction, Queen Creek and Chandler came in third place, with 6,289 active listings for the time period and 1676 closings, putting this region at about a 3 3/4 month supply. The Northeast Valley (Scottsdale, Paradise Valley, Fountain Hills, Cave Creek and Carefree) remained unchanged from the last report having 4,212 active listings and 560 closings, which is about a 7 1/2 month supply.

In Scottsdale, there were 354 closings in the under $1m market and 1981 active listings, and 53 closings in the over $1m market, where there were 965 active listings. Inventories were down 4% since last report in the over $1m market, and up 2% in the under $1m market.

In Paradise Valley, inventories remained unchanged since last report, with a total of 452 active listings and 28 closings over the past month, which is about a 16 1/4 month supply.

Lets hope this trend keeps up, and the housing market in Phoenix and surrounding areas continues to show improvement. This is great news for our communities, home buyers, and those in the market to sell their homes as well!

Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

In the current economy, more homeowners are facing foreclosure than ever before. If you live in Phoenix, Scottsdale or surrounding areas in Arizona, you need a certified short sale realtor to guide you through the process of selling your home and protecting your credit from irreparable damage. If you are under water in your mortgage and several months behind on your payments, get help before it is too late!

A short sale is simply a process in which your lender is willing to accept less than is owed on your mortgage. There is a good deal of paperwork involved, which is why it is necessary to consult with an experienced real estate agent. Without someone to help you, the process can get lengthy which is why some home owners avoid going this route; however, the time and effort spent are well worth the results. You can honestly say you sold your home, and your credit will not be as badly damaged as it would if you went through foreclosure. With a short sale, you can expect your credit rating to drop by about 100 to 200 points, but there are ways of repairing the damage. With foreclosure, your credit will be beyond repair.

A Phoenix Certified Short Sale realtor can help in every aspect of the process. One thing you should know is that you should take action before you get way behind on payments. When your home is scheduled for auction, there is little that can be done in just a week or two. When you determine that there is just no way you will be able to pay your mortgage, take action quickly. Your lender will most likely agree to a short sale, provided you give them the information they need and find a buyer that is willing to pay a fair price for your home.

Your lender will probably want documentation explaining your hardship, or why you are unable to pay your mortgage. A reputable Arizona realtor can give you more information on the documents that may be requested by your lender, and help find the right buyer for your home. If there is any way possible to avoid foreclosure, you should take action. Your credit will be ruined, and you will be unable to purchase another home for at least 5 to 7 years! With a short sale, you are often able to purchase another home in as little as 18 to 24 months.

Save yourself from the stigma of foreclosure and all that goes with it. In Arizona, you can get out from under your mortgage payments and not totally destroy your credit! The process can be complex, but the rewards are well worth it. To make it easier, contact an experienced and reputable Phoenix short sale realtor today.

Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

Phoenix Homeowners – Don’t Let Foreclosure Ruin Your Life! A Short Sale May Solve Your Problems

Are you like many other homeowners, and find that you are under water in your mortgage? If you are just a month or two behind but know that things are going to get worse, contact a Phoenix short sale realtor at once – and do not wait! Time is of the essence, and foreclosure is something you absolutely want to avoid. If you want to save your credit from total destruction and have the opportunity to purchase another home without waiting for 5 to 7 years, you need this information.

If you have been looking in to other options, likely you have heard the term ’short sale.’ Perhaps you have heard from others or read that it is a complicated and lengthy process, which has discouraged you from pursuing it further. Truthfully, the short sale process can be drawn out and aggravating, which is why you need an experienced Arizona real estate agent to handle the negotiations for you. It will help make quick work of the process, so that your home may be sold quickly.

Here are a few details Phoenix homeowners and those in surrounding areas should be aware of:

• A lender will often agree to a short sale, as long as the buyer is willing to pay a fair price for your home. They deal in money, and don’t particularly want a vacant property sitting on their books.
• You will have to provide your lender with a letter explaining your hardship (divorce, job loss, death in the family, etc.), along with other documents such as pay check stubs, your bank statement and other financial data.
• Foreclosure will prevent you from buying another home for 5 to 7 years, while the short sale process generally means that you can purchase a home for your family within 18 to 24 months

Why do you need a Phoenix realtor who specializes in short sales? A seasoned professional can explain every detail of the process to you, and negotiate with your lender on lowering the price of your home in order to find a qualified buyer. They can also handle the paperwork for you, which takes an enormous amount of stress off of you. In general, a professional real estate agent will help make the entire process streamlined and quicker, which means you can move forward with your life.

Are you upside down in your mortgage and don’t know which way to turn? Speak with a Certified Short Sale Arizona realtor with expertise in short sales. There are other options, and foreclosure is something you do not want to face unless there is absolutely no way to avoid it!

Phoenix Homeowners – Don’t Let Foreclosure Ruin Your Life! A Short Sale May Solve Your Problems

Short Sales in Arizona Have Saved Many Homeowners From Foreclosure!

Are you a homeowner in Phoenix, Scottsdale, Glendale, Cave Creek or surrounding areas that fear you are facing foreclosure? The recent downturn in the economy has resulted in many homeowners becoming upside down in their mortgage. If you are behind in your payments and see absolutely no way out of your predicament, a short sale may just save the day! Before you do anything, though, be advised that you will need a reputable and preferably Certified Short Sale Phoenix realtor behind you to negotiate the process so that it all goes smoothly and takes less time.

How does the short sale process work in Arizona? It’s pretty simple, but there is quite a bit of paperwork involved, which is why some homeowners avoid it. This is why it is essential that you have a real estate agent who is qualified to handle a short sale. The process is much more streamlined; a professional will find the right buyer for your home and handle all of the details for you. Now, to proceed with the process here are some basic guidelines:

You will need to prove your hardship to your lender. Financial hardships are often related to loss of a job, divorce, a death in the family or some other catastrophic event that lead to your predicament.

Your lender will likely want to review bank statements, tax returns, paycheck stubs and a financial statement. This will help you qualify for the short sale process. This is where your Phoenix realtor comes in.

While any agent can gather paperwork and submit it to your lender, a great negotiator is willing to battle and fight on your behalf. This can be the difference between you losing your home (and your credit rating) to foreclosure, or getting approved for a short sale!

A skilled and experienced real estate agent will locate the perfect buyer for your home. Usually, finding a buyer who is willing to pay a fair amount for your home holds up the process and can cause it to drag out for months. This is why some homeowners are leery of the short sale; they have heard or read about the red tape and time involved. Believe me when I tell you that your patience and efforts will be rewarded – and YOU will avoid foreclosure and all of the mess associated with it. Wouldn’t you love to be able to honestly tell friends and family members that you sold your home, and avoid total ruin of your credit?

If you live in or around Phoenix and are ready to give up the fight, don’t risk foreclosure until you have spoken with a skilled Certified Short Sale Arizona realtor! You need someone to explain the short sale process to you in detail, so that you can make an intelligent, and possibly life altering decision.
Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

As a homeowner in Phoenix, are you finding it impossible to pay your mortgage? If you are behind several months in your payments, you may fear foreclosure is looming in your future. A short sale is one option that will help you avoid this process, and protect your credit to a certain extent. This article will explain a bit about how the process works, and why it is necessary that a skilled Arizona realtor assist you should you decide to go this routs.

Some people will advise you against a short sale, saying that it is a long, drawn out process that is really more trouble than it’s worth. Why does it take so long? Usually, finding a qualified buyer and getting the necessary paperwork together is what slows things down. This is why it is recommended that you use a real estate agent that is experienced and knowledgeable in the process. They can quickly find a buyer for your home and get the ball rolling.

You absolutely want to avoid foreclosure if there is any way. Besides the stigma many people associate with foreclosure, it destroys your credit. Buying another home of your own is something you won’t be able to do for at least 5 to 7 years, and your credit will be in shambles. In Phoenix, if you decide upon a short sale you can generally purchase another home within just a couple of years, and your credit is not as badly damaged because your lender marks your property as “paid” on the books.

If you decide to try the short sale route, you will need to submit a few things to your lender, including a letter of hardship explaining why you are unable to pay your mortgage. Reasons for a hardship include loss of employment, divorce, a death in the family, etc. You might also need to gather other documents like bank statements, tax returns and paycheck stubs. When you choose a Phoenix realtor who is a skilled negotiator, he/she will help you gather all you need to submit to the lender

Most lenders would rather take a loss on your home than carry an unoccupied property on their books. Your real estate agent can find the right buyer for your home, then submit their offer to your lender for approval. The buyer should be willing to pay a fair amount for your home, as most lenders will not accept a ridiculously low offer.

Not everyone will qualify for a short sale, but it is definitely worth a try if you find yourself upside down in your mortgage! Many homeowners are struggling right now, and at a certain point you realize there is no way out other than walking away from you home. Before you do that, contact a highly respected Phoenix realtor who is an expert in the short sale process, and can help you determine what is best for your individual situation.

Why Scottsdale Homeowners Facing Foreclosure Should Consider a Short Sale

If you live in Scottsdale Arizona or any of the surrounding areas and find yourself buried under your mortgage, the short sale process may be of interest to you. A Certified Short Sale Arizona realtor can explain every detail, so that you can decide if this may be the answer to your problems. Loss of a job, divorce, a death in the family and other factors can affect your life and your financial situation much more than you realize. If you are falling behind in your mortgage, do not wait – time is of the essence!

Foreclosure is an ugly word and an even uglier reality of life. When you can no longer pay your mortgage and go the foreclosure route, it affects your life for years to come. Your credit will be totally ruined; you will not be able to purchase another home for at least 5 to 7 years. On top of that, many people want to avoid the stigma that often comes along with losing a home.

An experienced and reputable Phoenix short sale real estate agent can help you understand the short sale process so that you can determine if it may be the right course of action for you. The process can be lengthy, but with the help of a knowledgeable realtor it will be much quicker. A professional will assist you with every aspect of the process, and help locate the perfect buyer for your home.

Scottsdale residents who can no longer afford their mortgage need to understand how a short sale works. First of all, your lender will most likely be willing to work with you because they really don’t want an empty property – they would rather have money, even if it is not the full amount you owe on your mortgage. They can then mark the property as paid, instead of having an empty home sitting on their books. Once a buyer is found, your lending company will need to determine if they are willing to take the amount offered for your home.

A short sale will affect your credit adversely, but not to the extent that foreclosure does. You will most likely be able to purchase another home within 2 years and in some cases right away, instead of waiting 5 to 7. When you sell your home, you will be able to honestly tell anyone who asks that you sold your home – and not have to tell them that you were foreclosed upon. .

If you own a home in Scottsdale and feel things are getting beyond your control, or will be with your next mortgage adjustment, contact a highly respected Arizona realtor with vast knowledge of the short sale process. Right now, the future may look bleak and you may feel there is no way out. Thankfully, there may be a brighter tomorrow on the horizon.
Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

The Arizona Short Sale Process – Facts Every Financially Strapped Homeowner Should Know

As an Arizona homeowner who is upside down in your mortgage, it’s likely you are curious about the short sale process. If you live in Phoenix, Glendale, Cave Creek, Scottsdale and other nearby areas, you may be facing foreclosure and don’t know where to turn or what to do. A reputable Certified Short Sale Phoenix realtor with years of experience can help you turn your situation around. All is not lost, and there is hope!

For any number of reasons, people who never expected to have problems find themselves under water in their mortgage. You may be months behind in your payments, and see absolutely no way out. The Arizona short sale process is something you should consider; it has helped thousands avoid financial and credit ruin. Foreclosure is an ugly word, and a process you should avoid if at all possible.

Not all Phoenix real estate agents have experience in the short sale process. Why does it matter? A realtor with extensive knowledge in the process can help make every detail and transaction easier and less stressful. They know how it works, and will work fast to find the perfect buyer for your home. In order to avoid foreclosure, time is of the essence. You want to make certain you have experience in your corner!

The term “short sale” simply means that your lender is willing to accept less than what is owed on your mortgage. Most lenders would much rather have some money on the property so they can mark it as paid than to have an empty property on their hands. Once your realtor helps you locate a qualified buyer, your lending company will determine if their offer is acceptable. If so, you avoid foreclosure – and the stigma that often goes along with it. Your credit is still affected, but not completely ruined as it is with foreclosure. Most likely, you will be able to purchase another home in two years or less.

In order to qualify for a short sale, you will need to prove a financial hardship to your lender. This could be divorce, loss of job, death in the family, etc. A qualified Phoenix real estate agent can explain the process in-depth, so that you understand exactly how it works. If you are facing the loss of your home, do not wait. There is a limited time before foreclosure will take place! Talk to your realtor about the short sale process; it may be the best solution for getting out from under the burdens you now face.

Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties