home purchase

Buy and Bail

August 29, 2011

As a Realtor I am not able to advise anyone to “buy and bail”.  This is the phrase used to describe when a homeowner buys a new house and then allows their 1st home go to foreclosure.  This is usually done because they owe much more on their mortgage than the home is worth. If [...]

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Buying a Short Sale

July 16, 2011

When buying a home in the Phoenix, Arizona market you have the choice of a short sale, a foreclosure and maybe a traditional sale (however, these are few and far between).  So why would you choose a short sale? A short sale is considered a “distressed property”.  A short sale is still owned by the [...]

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Buying a Home in Arizona- Patience is Necessary

July 12, 2011

I usually tell my clients looking to buy a home, there are 3 types of homes they can purchase. Traditional Sale- Usually the homeowner selling this home wants top dollar, but they will do repairs for the buyer. It takes about 30 days to purchase this home. This also includes flips- where the Seller has [...]

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Buyers- Slow to Decide?

July 6, 2011

Recently, I was helping a couple looking to purchase a specific home. They had been eying this home for quite some time. By the time they called me, the home had been for sale for almost 2 months. We went to view the home 2 days later. However, the day before they viewed the home, [...]

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