Advantage Home Team Blog
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Successful Short Sales in Casa Grande
The short sale process continues to evolve. As real estate professionals, we have gone from knowing very little and fumbling our way before there were forms or anyone really knew what a short sale was, to a specialization within the industry with new systems, forms, and skills to get the job done. Short sales are now [...]
Harsh reality in Casa Grande, Arizona
Our numbers continue to drop in Casa Grande. Average sales price for the month of February for single family homes here was $114, 454, down from $129,000 in January. Also dropping is the number of homes available which could translate to a recovery of some sort in the near future, however an expectation the pricing [...]
Loan Modifications are THE focus
The main focus of the Homeownership Stability plan is an industry standard and incentive for loan modifications. The goal is to keep homeowners in their homes and get them through these tough economic times. Just this week, one major bank reported diverting an entire division from resale (loan origination for purchases) to their loan modification [...]
Short Sale Success
As further evidence of the efforts to stem the wave of foreclosures, this week I received bank approval on two short sales. The process is still taking took about 30 days for both, two separate banks, however, this is a vast improvement from the 45-60 day minimum of six months ago. Countrywide is still overwhelmed [...]
Stimulus = Stability?
The outline of the Homeowner Affordability and Stability Plan was released and the emphasis is on creating an industry standard for loan modifications that will be partially government backed. Homeowners do not need to be behind on payments and there are incentives to lenders to work with homeowners to keep them in their homes. Hopefully the [...]
Time to buy
Inventory of single family homes dropped this week to it’s lowest point since June 2006. If you are waiting for prices to drop lower than this you may want to rethink your strategy. The workout plan and moritorium on foreclosures will slow the supply, builders are not issuing new permits, and therefore supply is shrinking. Prices [...]
Adopt A Family for Christmas
Our office adopted a family for the holidays as another way to say thank you and give back to our community. Their need is even greater today then it was last week. We located this family with 7 children because one little boy was terminally ill, and we just found out that he passed away last [...]
Changes and New Chances
Some quick observations from this week in real esate in Casa Grande: 1. Brown Family Homes closed locations through out Arizona including the location on Kortsen at Los Portales. I received several phone calls from concerned home owners and encouraged them to contact the Homeowner’s Association for questions about what will happen to the common areas. [...]
Arizona Prop 100 - Vote
A few friends and family members have asked me about Proposition 100. The intent of the measure is to protect the equity in real estate by eliminating the possibility of a Real Estate Transfer Tax. This type of tax has been proposed in the past and introduced for legistative action. This measure will prohibit the [...]
Craig?s List Fraud Alert
Please do not mail any earnest money, security deposits, or other type fees to individuals posting homes for rent or for sale on Craig’s List! One of our office listings recently surfaced on Craig’s List for rent. The posting shows the correct exterior photo of the home, but the interior photos are not the home. The [...]
