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Short sales will continue to dominate the Mesa Arizona real estate market
Short sales will continue to dominate the Mesa Arizona real estate market throughout the next several months. The driving force behind the increase in short sale in Mesa AZ is the coming expiration of the Mortgage Forgiveness Debt Relief Act of 2007.
The Mortgage Forgiveness Debt Relief Act of 2007 (MFDRA), which is intended to forgive the income tax due on the difference between what a home short sells for and the debt owed. This is causing the upward trend in Mesa AZ Short Sales we see today. There are some restrictions and people considering a mortgage modification, short sale …
read moreInner City Mesa Arizona Real Estate, Is This Where Recovery Starts?
Inner city Mesa Arizona real estate is not unlike real estate in many large cities that have been hard hit by the economy. Mesa Arizona is the 37th largest city in the country and as such has many of the challenges faced by other large cities. The larger cities have had their inner city property values drop forcing many home owners into foreclosure. Stabilization in inner city Mesa Arizona real estate will bring positive changes and may be where recovery will start.
Often we overlook the condition within our inner cities and focus on our lives outside these core areas. …
read moreBuying A Home For Sale In Phoenix? Repairs Done Right
Are considering buying a home for sale in Phoenix AZ? It is very likely that you will be purchasing a home that is in some form of distress. With distressed properties making up a large portion of the available homes for sale, you will likely be faced with reconditioning issues.
Buyers who can overlook condition issues can find a good deal. When buying a home for sale in Phoenix, the competition for move in ready homes is high. If you are willing to paint, replace flooring and make some minor repairs, you may very well find a gem overlooked by …
read moreTax Refund? Buy That home for sale in Mesa AZ Now!
With all the bad news about the real estate market this is the time to buy that home for sale in Mesa AZ. It has been a long time coming for the Mesa AZ market but things are looking up. Real estate inventories are very low, less than half of that of one year ago.
The decreasing levels of inventory have made finding and acquiring the perfect home challenging. That is where you need a good Realtor® that can assist in getting that home for sale in Mesa AZ under contract. And as evidenced by the growing number of investors …
read more2012 The Year Of The Short Sales in Mesa AZ
2012 The Year Of The Short Sales in Mesa AZ
It seems that each year brings a new real estate dynamic and 2012 may just be the year of the short sales in Mesa AZ.
Many homeowners that have been faced with the choice of depleting their life savings and making payments on their home are adding to short sales in mesa AZ. Many CPAs, Financial advisors and attorneys are faced with client questions surrounding upside down and underwater homes that are dragging on a family’s ability to meet their financial obligations.
Homeowners who hoped that the downswing in the …
read more2012 Real Estate Market Predictions
What will 2012 hold for the Phoenix Arizona real estate market? On this week’s R.E. Scott Real Estate Talk radio program it’s all about 2012. Will prices go up or fall further? Will Short sales continue in 2012? What will interest rates do? Should I buy now or wait?
Hear all of my 2012 predictions on this week’s R.E. Scott Real Estate Talk Radio Program.
RE Scott Real Estate Talk broadcast on
2012 Real Estate Market Predictions
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Scott Whitwam Realtor
Crown Key Real Estate
Mesa AZ…
House For Sale Mesa AZ, Improving Curb Appeal
Getting a home prepared to sell may bring about images of your realtor installing a sign in the front yard for many prospective sellers. But before you’re truly be ready to claim “house for sale Mesa AZ”, you have some things to consider. One task you need to attend to is ensuring your Mesa home has curb appeal. Your first impression is vital to the success of selling your home. Having buyers pull to your house for sale and like what they see, is a must.
What can you do to make sure when you advertise house for sale that …
Buying A Home or Selling A Home In Mesa AZ at Christmas
Christmas is a unique time of year for the real estate. That holds true is you are looking at buying a home in Mesa AZ around Christmas. This is a busy time of year for homeowners and that creates challenges for buyers. Now through the New Year, buyers will have to show a little patience to see some houses. It is very common for sellers to have guests or be unwilling to make their home available do to family gatherings.
Buying a home in Mesa AZ during the Christmas and New Year’s holidays has additional challenges and opportunities.
1. When …
read moreMesa AZ Short Sale Fraud & The FBI
Distressed property is a large part of the housing market, short sales fraud and mortgage fraud are a hot topic for the FBI. The state of Arizona is one of the states in which the FBI is targeting short sale fraudsters in. Larger cities in the state like Mesa AZ have been infiltrated by scam artists committing short sale fraud and mortgage fraud due to its size.
Unsuspecting homeowners are targeted by the fraudsters looking to take advantage of distressed homeowner’s desperation. On the R.E. Scott Real Estate Talk radio program this week, I conducted an interviewed Supervisory Special Agent …
read moreHomes For Sale In Mesa AZ?
There are many questions about homes for sale in Mesa AZ? One of the biggest questions for buyers is what has happened to all the inventory. A customer that I have been working with for some time flew in from a northern cooler state, seeking a winter home. Just nine months ago he could find lots of homes for sale in Mesa that fit his requirements.
About 2 weeks ago he and I spoke about some homes he wanted to see when he got down here. I told him that we should wait and re-look at the list of homes …
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