Phoenix, AZ

Beach front lots for sale in Rocky Point Mexico RE/MAX

02-09-10

Branden MacKenzie: Real Estate Brokerage in Phoenix, AZ

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Office: (602) 334-4359

Mobile: (602) 300-5614
Secondary: (602) 288-8895

Beach front lots are a great opportunity in todays market here in Rocky Point Mexico. Lots that used to go for $600,000 to $800,000 are now listed in the 350k range. Who would have thought we would once again see the day when you could buy a lot for 300k if not less build a 2500 squarefoot dream home for a grand total under 600k!

Like they say, "they are not making anymore beachfront".

To see the best priced beach front lot for sale click here.

For all your Rocky Point Mexico needs click on the following link REMAX Main site.

For the best real estate service in Rocky Point Mexico call 602-334-4359 US 638-383-1425 MX

For more great information on Rocky Point visit Invest in Rocky Point

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Condo investments in Rocky Point Mexico - what a buyers market! REMAX

02-09-10

Branden MacKenzie

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Office: (602) 334-4359

Mobile: (602) 300-5614
Secondary: (602) 288-8895

Rocky Point continues to be a buyers market but for how long? With 2 bedroom condos that used to be 450k in 06 now selling for 200k it is near impossible to not consider the opportunity. In the past market for many buying beach front was a stretch but now with some projects like Princesa being aggressive and creative has led to some amazing deals. For instance we have seen 2 bedrooms right on the water selling in the 150k range for cash and terms.

For the hottest deals which is updated weekly visit the REMAX Hot deals page.

For all your real estate needs in Rocky Point Mexico visit the REMAX home page.

For the best deals in Rocky Point give RE/MAX a call 602-334-4359 US 638-383-1425 MX

For more information on investing in Rocky Point visit - Invest in Rocky Point

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Phoenix Real Estate Market Set Foreclosure Record in 2009

02-09-10

Bob Stahl

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Office: (480) 767-3000

Mobile: (602) 318-1114

The Phoenix real estate market had an all-time record number of foreclosures in 2009 – 41,000 Phoenix foreclosures represented 35% of the existing home sales last year. That might sound like bad news, but it’s done a lot to get rid of some of the excess inventory of unsold Phoenix homes. As that inventory continues to shrink, we get closer to a place where supply equals demand (and then Phoenix home prices resume their typical appreciation).

Already, in 2009 Phoenix real estate prices rose month-over-month, from $131,000 in October to $135,000 in November. That’s still down about 12% compared to 2008, but it shows that the Phoenix housing market is on the mend.

Of course, that doesn’t mean much to Phoenix homeowners who are facing foreclosure. For homeowners in that position, there are two good alternatives to foreclosure: a loan modification, either through Making Home Affordable or directly through the mortgage lender; and a Phoenix short sale.

A short sale is a good alternative to foreclosure for a few reasons: one, it’s easier to recover a good credit score after a short sale than after a foreclosure. For Phoenix homeowners who couldn’t afford their mortgage payment even with a loan modification, and for those who need to move, a Phoenix short sale can be a great option. And I can help – I almost exclusively work with Phoenix homeowners and Scottsdale homeowners doing short sales.

The first step in preparing for a Phoenix short sale is to gather together your financial information, write a letter explaining the hardship that has caused you to need to sell your Phoenix home short (that hardship might be a job relocation, job loss, or illness). Then we’ll get together a list your home, much as we would if you were doing a regular sale.

For more details, check out my most recent blog post on the foreclosure situation in the Phoenix real estate market and the good alternatives to Phoenix foreclosure that are available.

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Buying at auction. Is it really a good buy?

02-08-10

Michael Fitzpatrick

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Office: (602) 692-9540

This has been the topic of discussion lately with my good friend and business partner Will Daly. We have been working on a few new and exciting incentive programs for certain buyers who have unique needs and requirements. As we looked into auctions as an avenue for our buyers to purchase urban property we've uncovered possible challenges. 1). Banks do not have a good understanding of how to value urban condos in the current fluid market. Many times they are so disconnected from the micro economics of these types of properties and unfortunately consult real estate practitioners that do not know the niche as well. This causes the banks to misvalue the property when it goes to auction usually based more on the mortgage value rather than current market value. This is why many urban properties go back to the bank rather than purchased at a trustee sale by a third party. 2). There is no traditional title services with these transactions which means the property 'could' have clouds on the title and possible unmarketable deed. 3). Properties purchased at auction need to close within 24 hours so there is no traditional financing with these properties. You need to pay cash. Of course you can finance the property after the fact but you'll need to cash at close. 4). Mostly buyers will not be able to view the property prior to purchase so it's truly a "buyer beware" transaction and buyers need to be fully informed of the project they are buying into and any possible risks. 5). Buyers need to be working with a real estate professional before hand to truly pinpoint a value on the property that is coming up for auction and any weighted risks. You will have no idea if the bid price set by the bank the night before is reflective of the current market value. What looks like a steal might be expensive unless the right analysis is done before hand. These are things we think about everyday to help ensure a positive transaction for our buyers.

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To Send or Not Send that Relocation Package?

02-08-10

Ken Speer

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Office: (602) 595-8900

Mobile: (602) 717-2873

To Send or Not Send that Relocation Package? Express Package Delivery

This is a question that I believe dedicated and committed agents have already answered in their minds without reading the rest of this blog. For those who haven't decided, let me share a true story from last week.

I received a call from a couple in Oklahoma, I'll call them Clark and Sherry, who are selling their house there in preparation for a relocation to the Phoenix area. I asked a few basic questions and got permission to send them one of our relocation packages. I also got their phone number and email addresses for future communication. I emailed them and let them know the package was on the way. Guess what, a couple of days later I get an email from Sherry thanking me for the package. It also clarified some of their wants and needs, as the first conversation was with Clark and the responding email was from the wife. Individuals communicate differently, depending on the questions asked. Email Communication

Sherry indicated that I was the only agent of the several that they had spoken to that actually sent them any information. Needless to say, I was excited with the prospect of this potential buyer lead. I replied to this email and asked a few more questions regarding their listing, packing for the move, etc. and sent it off. Phoenix Lifestyle

On Saturday, I received another email from Sherry. Based upon my communications with them, she indicated that they are stopping contact with the other agents and will be working exclusively with me once they arrive here. I'm very excited to meet them and am setting up searches for them to enjoy while they finish their sale.

I just finished reading some AR postings this morning. Barry Owen wrote one that I found very interesting. As a REALTOR, I believe that we are all capable, caring professionals. And as such, we hold one another to higher standards. Additionally, while we may not have a relocation client opportunity directly all of the time, what about those instances when there is the opportunity to give a referral to another REALTOR in a city someone else is relocating too.

It is all about relationships. What do you think? How will you answer the next time you ask yourself whether To Send or Not Send that Relocation Package?

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