The Short Sale Problem In Arizona

Group 4610, Arizona’s Best Short Sale Team has introduced a new video blog, aptly called myfirstshortsale.com. The focus of this blog is to help home owners get the accurate information on short sales and what is truly going on in the real estate marketplace now. Because of their knowledge in the real estate market and in particular with short sales, they have a superior knowledge of the details and figures that float around the real estate trade. The focus is aimed at at helping the home owners decide what is true and what is not true. They have completed more than 90 percent of the short sales that they have taken, with hundreds successfully completed. A recent piece highlighted Arizona’s Treasurer Dean Martin and how he sought to help progress the short sale procedure because it has engulfed the state of Arizona. The story noted that about one out of every eight properties currently on the market in the Phoenix area are short sale properties. Since this statistic seeemed a bit off, we checked it out. Ironically, we discovered that there are approximately 54,000 houses on the market. More than 19,000 of them are actually short sale listings. We bring this up so that you understand that the information out their is not always correct about short sales. Here is the bottom line, there are 2 things that need to develop to help these short sales get closed. First the bank needs to cooperate and more importantly, the real estate professional needs to be skilled and qualified. So, as you hunt for a real estate professional, be certain to ask 2 specific questions to a real estate agent that you may potentially work with. How many short sales have you closed? What percentage rate have you completed?

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Get more information on selling your home from Kevin and Fred at My First Short Sale by the Short Sale Specialists of Arizona