Here is the current MLS inventory as of 6/4/08. As you can see, we currently have 9.3 months worth of inventory in Active Listings in MLS. This is down from last week, when it was 10.1 months.

Here are the numbers from the SW Valley:

Here are the numbers from the NW Valley:

Here are the numbers from the SE Valley:

Arizona's Housing Market Is Out Of Control

The numbers don't lie...there are many active listings and very few pending or solds. It is getting more and more competitive as home values drop and adjustable rate mortgages rise! As Realtors, we need to be taking advantage of technology, and strategic pricing to get our listings sold in a timely manner. Pod casting, BLOGGING, Viral Videos should go hand in hand with our traditional methods of selling homes. Foreclosures and Short Sales are out of control and we must understand the laws and processes to help our clients avoid a foreclosure auction.

To get more information on how to avoid being a statistic and Sell Your House Fast in Arizona CLICK HERE.

LOCAL ARIZONA FORECLOSURE EXPERT CODY SPERBER EXPLAINS HOW TO SELL YOUR ARIZONA HOUSE WHEN YOU HAVE NO EQUITY.

Can A Real Estate Short Sale Allow You To Just Walk Away From Your Arizona Home?

It all starts with some kind of financial hardship! You and your family struggle to make the mortgage payment. Maybe this month you scrape by, but it will be nearly impossible to pay next months bills. To make matters worse, you owe as much or more than your home is worth. You go to your local bank and ask about a refinance, but you are turned down. No bank is going to lend money on an overleveraged house, plus, you credit isn't all that good. You think to yourself...I am just going to let the house go to foreclosure and go rent somewhere. Well, what if we told you there was a better way!

Introducing The Real Estate Short Sale: An Amazing Exit Strategy!

A Real Estate Short Sale refers to a lender(s) accepting a sales price that is less than what is currently owed plus all related sales expenses. So basically, a potential buyer can make an offer on the home for thousands less than what is currently owed, and get it accepted by the bank! This is common in a declining housing market and can be a win-win for both the bank and the homeowner. Normally a bank will begin to look at the Short Sale Option only if the homeowner is behind on payments and begins to Face Foreclosure, but not always. In rare instances, the bank will still accept a short sale if the mortgage payments are current. The process to end up at the Short Sale Options typically works like this:

• The homeowner(s) begin to miss payments
• The lender(s) try to arrange a repayment plan
• The repayment plan fails or is never attempted and the bank mentions a short sale

Requirements for a Short Sale are:

• A proven financial hardship
• Behind on payments (In most circumstances)
• You owe as much or more than your home is currently worth
• The homeowner requests a short sale packet from their lender(s)
• The bank notifies the homeowner(s) that they can't turn in the short sale packet until they have a signed purchase contract
• The homeowner(s) have to decide what to do next...hire a Realtor (CodySperber.com), or find a company like Sell Quick For Cash, LLC (Investment Company that specializes in Short Sales)

Okay, We Qualify For A Short Sale...What Do We Do Next?

First, you want to find a person or company that specializes in Short Sales and has a proven track record. This is very important, because you only have one shot to get the job done! If your Short Sale does not work, and the Foreclosure auction is not postponed, you run the risk of loosing your house to Foreclosure and having it on your credit record! So take your time while interviewing prospective companies or Realtors before you do your Short Sale. Below is a list of questions I expect to be asked when being interviewed to run a Real Estate Short Sale:

• How long have you been negotiating Short Sales?
• How many Short Sales have you completed?
• Do you have any past clients (referrals) that we can talk with?
• What is the average time it takes to complete a Short Sale?
• Do you charge anything to facilitate my Short Sale?
• Are you just listing my house, or are you actually putting in an offer to buy?
• What are the chances a Short Sale will not work?

On my next post I will explain what information the bank will require in order to entertain a Real Estate Short Sale as well as explain What the Tax Consequences and Credit Consequences of a Real Estate Short Sale. If you need immediate assistance to Stop Foreclosure Arizona, please visit http://www.codysperber.com.

Do you want to sell your Chandler, Arizona House Fast?

We buy Chandler homes fast!

Do you want to sell your Chandler, Arizona home fast...no agents...no fees...no hassles? You're in the right place! We buy homes in any condition. http://www.sellquickforcash.com/ is Arizona's #1 and fastest homebuyer specializing in helping homeowners solve their housing problems!

Arizona has a record breaking 50,000+ single family homes listed for sale and is steadily rising. Average days a home sits on the market in Maricopa County is close to 6 months. Foreclosures have had a devastating effect of the value of your home. Whole neighborhoods have declined in value and the next few years looks to be just as bad if not worse! You may not be aware of this fact but you will have to pay out 15% - 20% of the sale price of your home while waiting anxiously for it to sell. This means if your house sold for $350,000, it would cost you approximately $70,000 in commissions, repairs, utilities, additional mortgage payments and taxes. Why have the uncertainties of the market affect when you are going to sell? Why allow your current circumstance to affect your livelihood any longer?

The unfortunate reality of the market, along with extenuating circumstances, has forced many like yourselves to realize that what is worse than knowing..... is not knowing when your home is going to sell.

So Let's Recap:

		A no-hassle, no obligation, FREE in home consultation!
		We are quick. We can buy your home in as little as 3 Days!
		There are never any hidden costs and everything we do is in writing!
		We pay all closing costs, appraisal fees, everything! You pay nothing!
		We offer a fair price. Typically our offers are within 70%-90% of your homes Fair Market Value!
		Our offers are guaranteed and we will not change our minds at the last minute. We have our own CASH and can act on your timetable!
		We provide customized solutions. There is no "one-size-fits-all" answer, so we take an educational approach when making offers. Once you understand all your options, you can make the best decision for you and your family!

SOUNDS LIKE A WIN / WIN SITUATION TO ME!
We always offer custom financial solutions which will best suit the needs of you and your family. http://www.sellquickforcash.com/ is Arizona's #1 Cash For Houses website offering fast solutions to your housing problems. We are honest, ethical and always fair so if you want to sell your Chandler House Fast, keep on reading!

Stop the worrying and call...there is never any obligation! Sell your Chandler, Arizona home fast!

If you are saying to yourself, "I want to sell my Chandler house fast, call 480-861-8732 today and speak with one of our Home Buying Specialists!

Old Stone Ranch is a new exciting Lake Community located between Lindsay and Gilbert Roads on Ocotillo Road in Chandler. This amazing new LAKE community has homes for every budget. Not only does the community have a number of common areas, the Chandler Unified School District has a school there too. The winding main tree lined street of Old Stone Circle is picturesque with a white split railed fence bordered by grass. The curb appeal found at Old Stone Ranch is unique to the area and a refreshing sight. The thing I love most about this community is the space. The sidewalks are away from the streets, there are many lighted walking trails that wind throughout the community, and they are building a huge park next to the school which just happens to be inside the community! Plus, you can't beat the price for what you get.

Builder: Shea Homes

Price Range: $300,000 - $750,000

Sq. Ft. Range: 1750 - 4500

You can still buy new at this community, and through my relationship with the sales teams, you can get an outstanding deal, especially on Spec Homes! If you would like more information on this or any other Chandler, AZ community, please visit www.CodySperber.com or call 480-861-8732.