Buying a Home in South Phoenix, AZ Are you ready to begin your home buying journey? If you are not planning to pay in cash and plan to use a mortgage loan, the first step is to find a great lender. The mortgage lender and the real estate agent will be your best friends throughout the entire process. Every step of the way. It is important that you find people that you like and trust. Emilia Loaiza, a fabulous lender with Gateway Mortgage, and myself have teamed up to be your one stop shop for home buying. Emilia will work on finding you the best loan to fit your needs and I will help you find your new home. Why … [Read more...]
Did Your Mortgage Forbearance End?
Did Your Mortgage Forbearance End? If you applied for a mortgage forbearance earlier this year and it has now ended, or is due to end, you will need to make a decision. That money could be due now in one lump sum, depending on the terms of your forbearance. Some lenders are allowing you to apply for a second forbearance. If you are not in a position to pay back all the past due payments in one lump sum, then you will need to think about what your next steps will be. Selling? Renting out your home? Possibly refinancing? Recession Memories During the big mortgage meltdown in the early 2000's, many people faced … [Read more...]
First Time Home Seller in Phoenix, AZ
First Time Home Seller in Phoenix, AZ Are you a first time home seller? The process for selling is similar to the buying process. You can try and do it yourself as a For Sale By Owner listing. However, I would recommend you hire a real estate professional. I mean, if you had to go to court, would you try to do it without hiring an attorney? Especially if the other party has professional representation. It makes sense that you have someone, too. What fees am I responsible for in the sale of my home? When you bought your home, you more than likely did not pay your buyer's agent directly. That commission typically … [Read more...]
Why Didn’t My House Sell in Phoenix?
Why Didn't My House Sell in Phoenix? Did you try selling your home and your home listing ended up expiring? Or maybe your experience was not what you expected and you cancelled your listing contract. Either way, it can be frustrating to start the process and not be able to accomplish your goals due to your home not selling. There are many possible reasons for why your home did not sell. It could be due to marketing, price, the agent. If your agent provided feedback from the potential buyers that saw your home, what did the feedback say? Whether the listing cancelled or expired, once that happened, you probably … [Read more...]
July 2020 Phoenix Market Snapshot
July 2020 Phoenix Market Snapshot Our real estate market here in Phoenix continues to move quickly. Homes are selling fast, particularly in the lower price points. The multiple offers continue to make buying a little bit challenging for all of our qualified buyers out there. We are seeing many buyers waiving the appraisal and inspection contingencies. I would think long and hard before doing that, especially if the buyer is using an FHA or VA loan. We are seeing offers above list price, buyers paying the difference above appraised price. It is incredibly competitive out there. If you are planning to buy right … [Read more...]
Can I Sell My House in Pre-Foreclosure?
Can I Sell My House in Pre-Foreclosure? That is a great question. The answer is more than likely yes. Now, if your foreclosure date is set for tomorrow and you are thinking of selling today, that may be a bit tricky. Our team has successfully postponed foreclosure dates in the past. Extending the foreclosure date then gave us time to sell the home. It would depend on your loan servicing company and your bank whether they would allow the postponement. By selling your home, you can avoid foreclosure. Hopefully there will be enough equity in your home to pay the balance due on the mortgage. Your credit will have … [Read more...]
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