In the Tempe and Phoenix market the gap on price per square foot between foreclosures and short sales is narrowing and getting much closer. While a foreclosure still is, and probably always will be more expensive than a short sale, the numbers are getting closer. This may be one reason that banks are asking for more sellers to come to the table with money.
Does it annoy you when the real estate agent points out every little thing in the house like “this is the master bedroom” or “notice it has his and her sinks.” It annoys me too which is why HGTV will probably never as me to come on.
Are you sick of hearing me rant about using a lender that your agent recommends yet? Well you should be, I cannot remember the last time someone used a lender that was not one of my preferred lenders and the deal closed on time.
Know what is worse, when it does not close on time and the rate you end up with is higher than what you expected. Yes it does happen.
If you have any other questions you can leave a comment below or email Dean Ouellette.
I have been involved with a few transactions where the seller used 3rd parties to do the negotiations on a short sale. While the success rate of 3rd party negotiator can be good, the time frame in which they get them done can be downright painful. If you are looking to sell your house in the East Valley I would advice picking an agent or team that will give your file the attention it needs.
If you have any other questions you can leave a comment below or email Dean Ouellette.
I’ve seen a lot of tips by so-called mortgage industry experts giving Vets advice on how to buy a house. So I’m here to set the record straight.
Tip #1:
The number one tip for a vet buying a house is to use a VA loan. Plain and simple.
Benefits of the VA loan, to name a few:
Tip #2:
Be proactive. If you have not heard from your VA loan officer in a few days, don’t be afraid to call or send an e-mail to find out what is going on.
Tip #3:
Be organized. Keep a folder for all documents that you will be required to provide your loan officer. Also keep copies of all communication between you and your loan officer.
Tip #4:
Be available. Your loan officer needs to be able to get ahold of you at all times during the day, so be prepared to take calls at work or on your cell phone.
Tip #5:
Ask questions. If you are confused or have concerns during the loan process do not hesitate to ask questions. If you wait until the end, it may slow the process down.
By the way, if you’re not a vet, omit tip number one. Everything else is good advice for anyone in the home buying process. And forget about those mortgage industry experts.
Who you use for a lender can often be the difference between a smooth transaction and a nightmare that cost you hundreds or dollars and could even prevent you from getting the home of your dreams.
If you have any other questions you can leave a comment below or email Dean Ouellette.
Dean Ouellette and Kristin LaVanway have teamed up to do some work together. The new East Valley Real Estate Team will be working together to provide better service for all clients. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.
You really need to talk to a few agents and find one you can trust and you feel comfortable with. Do your homework up front, ask questions, ask for referrals, find out how many closed transactions they have had in the last year.
In today’s Tempe foreclosure market, if you see a house or condo you really like do not wait to long to jump.
The foreclosure market in the Tempe and Phoenix area is moving fast for homes under $350,000. In the $100,000, even faster, and that is the market a recent first-time home buyer was looking into. She found a house she loved and wanted to wait a week until her boyfriend was back in town to look at it. You can wait, but be warned, if priced right, and most are, there is a good change that house is going to be gone in a week. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.
In today’s Phoenix Real Estate FAQ Kristin LaVanway and Dean Ouellette discuss what a SPDS (Seller Property Disclosure) is. When you purchase a foreclosure property you will not get a SPDS so you need to know what you are waiving. The SPDS is a document the seller fills out to tell you everything they know about the property, everything from who is the electric company to what repairs were made. If a bank tells you to waive the SPDS there is not much you can do, but if an investors who says they never lived in the home tells you to waive it I personally would fight back. They know enough about the property to disclose what they do know. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.
