This month’s 411…
1. Catchin’ Up – While I send this email monthly, we will be updating the blog more regularly and in this section I highlight some topics you may have missed.
2. Just the Facts Ma’am – This is short, sweet and to the point. It focuses on just the numbers.
3. How Does that Make You Feel – An interpretation of the numbers and what we’re seeing out in the field.
Catchin’ Up
Here’s some of the articles we’ve posted on www.The411onArizonaRealEstate.com in the last month. If you’re interested in having information (the 411) on Arizona Real Estate, be sure to sign up for the RSS feed!
· More 411…
o Home Buyer Down Payment Questions
o $8000 Tax Credit for First Time Home Buyers
o Shopping for a Mortgage
o Preparing Your House for the Market
Just the Facts Ma’am
While the number of sold listings in August is lower than it has been in the last few months, the inventory is still at a record low. With the supply being so low and the demand rising (Hello first time home buyers!!! Time is running out), we are seeing an increase in multiple offer situations and homes selling for above asking price.
How Does that Make You Feel
Attention First Time Home Buyers…. Time is Running out!! In order to take advantage of the $8,000 tax credit, your home must close by the end of November. With typical closings now hovering around 45 days, you need to be in the market and actively looking for a home now to ensure making the deadline. We will need to have you pre-approved through a lender before we can even begin the search. If you’ve even thought of purchasing a home, now is the time to jump off that fence! If you have any questions, please feel free to give me a call and I’ll be happy to discuss the process and market with you.
And whether you choose to use me, my partner Stacey Gross, or another agent, please be sure that they truly are working in your best interest. Each transaction is as different as each home is. I’m frequently asked about specifics of the home buying process, specifically on short sales and foreclosures. Questions like;
· How long does it take to get a response?
· How long will the escrow process be (how soon can we close)?
· Will the bank pay for closing costs and such?
· What will the home go for?
Because each transaction means that we’ll be dealing with different listing agents, banks and asset managers, the answers to these questions are different for every property listed. Because of this, Stacey and I call each listing agent before we take our clients to view a home. In doing so, we often find out additional, valuable information regarding that listing. When speaking to the listing agent we ask questions to find out as much information as we can such as if there’s offers on the property, how high they are (sometimes we get specific answers, sometimes we don’t), what kind of relationship they have with the bank (if a bank is involved), and any other information they are willing to share. We recently received information on a property that wasn’t even listed yet just because we took the time to build that relationship, and therefore our buyers had a jumpstart on the process.
As with anything in life, building relationships is an important part of the process and Stacey and I make it the highest priority in our business. If you should ever have any questions related to real estate, whether you’re using our services or not, please don’t hesitate to call us and we’ll be happy to help you anyway we can.
