Real Estate Wiz Kid

The phoenix short sale market is somewhat unique. Phoenix short sales are a dime a dozen and can be found in every shape and size. What makes the phoenix short sale market so different is the giant growth that the phoenix area went through. People saw phoenix as an opportunity. For that reason, growth multiplied, demand went up and prices sky rocketed. Everyone felt the outskirts of phoenix would eventually make its way to center. Making the outskirts the thriving part of the city. Since the recession, there has been a major drop in prices causing more short sales in phoenix then ever before. The phoenix short sale market is like no other and here are a few facts that might help you gain an edge.

• Phoenix short sales tend to be great investment oppurtunities.
• Phoenix short sales tend to be a little more common due to the Arizona Anti-Deficiency laws.

Things you might want to watch out for are :

• Phoenix short sales tend to be investment properties owned by investors.
• Investors who have one phoenix short sale tend to have more  phoenix short sales. While this isn’t always an issue, sometimes when someone has more than one problem property, adequate attention isn’t always given evenly.
• So be careful when looking at properties.

Thanks for reading and keep checking back!

- Real Estate Wiz Kid

Loss Mitigation - Loss Mitigation is a term used to describe a few different positions. The term is pretty much self defined. People who work in loss mitigation do their best to mitigate or minimize loss. This term can be used to describe a realtor or firm who mitigates the loss of a homeowner by negotiating a short sale. The term can also describe the department in a bank set up to minimize the loss on the bank’s behalf. These usually are the people you want to contact to talk about a short sale

- Real Estate Wiz Kid

So, for most of you, your desk is a place to conduct business. Unfortunately, for some. that place isn’t too pleasant. So here are some feng shui tips that might be able to help you out.

• Clear away the desk clutter!
• Don’t have your desk facing away from the door of your office.
• If your desk is facing away, hang up a mirror so no one can startle you.
• Try adding a plant or bamboo to your desk .
• Trying surrounding yourself with natural things or things that represent nature.
• Don’t slouch and keep on task.
• Only surround yourself with things you enjoy or like.
• Trying adding a new water feature to your desk. It can be peaceful and tranquil.

Have a great day and thanks for reading!

- Real Estate Wiz Kid

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So here we are. Probably roughly two years in to the sky rocket of short sales and we see just another tactic from the bank to kick us all who are involved in short sales. Short sales are becoming more and more difficult because they are becoming more and more common. If you would have asked a group of real estate agents a year ago what a short sale was the majority wouldn’t know what you are talking about. Now a days the words short sale come up more regularly than closed deal.

So what are the banks doing? Well the have employed several methods to try and save their behinds. The newest one? A bank, that will go nameless for now, has set up a triage group to I guess weed out the bad short sale contracts. The low ball offers we like to call them.

What is this group actually doing? They are plugging information into a computer to calculate rough numbers on which they are basing someone’s future on. Thats right! They are flat out declining short sales before a short sale negotiator is assigned, before a BPO is done, and before you even talk to the short sale department. They are doing all this just on some rough numbers a computer spit out to them. Kind of harsh don’t you think? I surely do. Thanks for reading and come back soon.

- Real Estate Wiz Kid

A purchase agreement is an agreement between a buyer and seller for the purchase of real estate. This can also be called a purchase contract. In short sales multiple purchase contracts can be submitted to the bank who ultimately makes the decision for the seller in the short sale.Thanks for reading.

- Real Estate Wiz Kid

So I heard there might be a few FlexMLS problems. I have heard of it running slow and someone told me they were having issues doing a CMA. Let me know if any of you have heard of these FLexMLS problems or of any other problems. Thanks for reading!

- Real Estate Wiz Kid

I come to you today with a warning. I warn you to be careful about choosing a short sale negotiator. A short sale negotiator is one of the biggest decisions when trying to get out of foreclosure. Short sales are very difficult. They require a lot of time, work, and connections. Now a days more and more realtors are trying to do short sales. While I do encourage real estate agents to try them, I would personally never become one of these guinea pigs. I would would do a little research about short sales first and here are some of the questions I would ask!

• How long have you been negotiating short sales?
• How many short sales have you negotiated?
• What is your percentage of short sale files approved?
• How much time do you devote to short sale negotiating?
• What are the legal ramifications of a short sale in my state?
• And ask as many questions as you can think of about the short sale process!

If the answers they provide aren’t clear or up to your standards than that means they probably haven’t negotiated too many short sales in their time. You want to go to a real estate agent or company that devotes the majority of their time to them. They will have the most knowledge and know the correct techniques. Have a great day!

- Real Estate Wiz Kid

Oh ya! Want more about short sales? Try this post!
How To Use This Site To Learn More About Short Sales

Here is a basic tutorial for changing listings to the new AZ Real Estate MLS!

- Real Estate Wiz Kid

I just added a feature to subscribe to comments. This allows you to choose if you would like to be notified by email if someone comments after you!!! It is an excellent feature. So everyone, go comment, comment, comment!

- Real Estate Wiz Kid

Your parents always told you to sit up straight. You never understood why! It never made sense until now…. Sitting up straight is crucial supposedly. I truly had no idea and I don’t know who would. A discovery was made by researchers at the University of Leeds, UK, who found that muscles in your neck have a direct connection to your nucleus tractus solitarius (NTS). Listen to these facts! Slouching at your deak can lead to:

• Increased risk of neck and back problems
• Abnormal wear and tear on your joints, which can lead to arthritis
• Improperly aligned bones and joints, which can lead to fatigue
• Your spine becoming fixed in an abnormal position, which can lead to constricted blood vessels and  nerves and problems with muscles, discs, and joints. In turn, this can cause headaches, fatigue, organ trouble and breathing problems.
• Increased strains and pains
• More stress on the ligaments that hold your spine’s joints together

So, keep your feet on the floor, don’t slouch, and sit up straight or you could be cruisin for a bruisin in the future! Thanks for reading. Have a great day !

- Real Estate Wiz Kid

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