Monthly Archives: February 2012

Welcome Back, REO Agents!

Greetings REO Agent, As the foreclosure crisis here in Scottsdale is beginning to show signs of easing, if not exactly abating, your fellow Real Estate professionals are eager to welcome you back to the ranks of humanity. You’ve been missed! You’ve done what you needed to do to stay afloat during the difficult times of…

Is it Time to Sell My House?

As of this morning (2/24/12), there are 16,589 properties actively listed for sale in the Arizona Regional Multiple Listing Service, well below our peak inventory levels in the 50,000+ range at the height of the foreclosure crisis. Moreover, there are currently more homes under contract (19,962) across the Valley than currently available to purchase. 7486…

How Long Should It Take to Find the Right Home?

Have you been searching for a home for six months? A year? Longer? If you have not found the home of your dreams (or, at least, the home of your needs) despite a protracted hunt, it’s time to come to grips with this stark reality: you are dreaming too big. The home buying process is…

Agency and the Ascending Market

The role of a Real Estate agent in a transaction is an ever-evolving one. Remember sub-agency? No? That is a testament to how quickly and totally the job description has changed over the past couple of decades, with every passing generation bringing more empowerment to consumers and choices in levels of service. The relationship between…

Appraisers, Underwriters and the Artificial Suppression of Housing Values

In theory, an appraisal is an independent evaluation of a property by a neutral third party to determine its likely worth in the open market. In practice, it has become the de facto final word on a property’s worth, overriding the agreement between a willing buyer and seller. How is it that the guestimation of…

On Seller Repair Refusals and Buyer’s Remorse

Surely, they won’t blow the deal up over THAT? A refrain familiar to any working Realtor. Be it a frozen shut-off valve under the kitchen sink, a double-tapped breaker in the main electrical panel, a wobbly ceiling fan or a stubborn sliding glass door, there is a minor nit or five in most every list…

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