Ray Teerlink Realtor Short Sale Listing Agent

Interest rates below 4%? Time to buy a mansion!

http://www.dsnews.com/articles/index/cash-buyers-and-investors-take-fright-capital-economics-2011-09-15

This article refers to a couple of terms and I thought I would put them in my own definitions for real world experiences. These definitions are my own interpretation and stem from several hundred interviews with distressed homeowners.

Weak Labor Market: It used to be if you needed more money you got a second job doing something perhaps you didn’t like doing. You might have worked in the evenings or Saturdays at a grocery store or fast food restaurant. If you’re a construction worker, like many of my clients, you did side jobs for cash. Those jobs are gone. More importantly there may not be a first job.

Outstanding loan balances that exceed property values: People that still own their home that owe more than it’s worth. These are people that have called the bank asking for a reduction in payment or loan size. Their bank responds in kind by leading them on for months at a time. Eventually after a long process of the bank “helping” them, ultimately nothing happens. Or worse they get a modification that saves them $14 a month. (true story 100 times over). Eventually left with an unaffordable payment and no help from the bank, these people usually will just walk away other taking advantage of a short sale. This will cause ultimately more foreclosures or loss in purchase prices.

So that leaves us with unemployed or underemployed Americans who can’t afford their mortgage. This is not news to anyone. What it does mean is if someone is paying $700 a month in rent and haven’t bought a home before, they can very nearly afford a mansion here in Arizona.

But what about folks that have lost their home? What do they do? Private money sources will design loans for foreclosed on homeowners. It’s already happening. Even if interest rates skyrocket IT WON’T MATTER. With prices remaining low, a 9% percent interest rate on a $90,000 home is still only $724 a month. 11% percent? $850 a month. I’m not proposing this will solve the housing crisis just create more affordable housing for more people. And I think that’s a good thing.

Beyond that a lot of people are converting their 401K into a self managed IRA. With that being done they can use their 401K to buy or leverage two or three small homes resulting in a residual income. I will write more about this in another blog post.

And as always your friendly neighborhood realtor will be here to help you find your perfect home! Thanks for reading.

3 Bedroom 2 Bath Home for Sale

3 Bedroom 2 Bath Home for Sale. You will love this 3 Bedroom 2 Bathlocated in Patio Homes East 4! This Phoenix community has homes for sale ready for immediate move in but none match the amenities this 3 Bedroom 2 Bathoffers. If you are looking for a one of a kind home in Patio Homes East 4, please review this unique 3 Bedroom 2 Bath. In addition, to schedule a showing, be sure to email me, Larry Phelps and take advantage of this great 3 Bedroom 2 Bath home for sale in Patio Homes East 4. This 3 Bedroom 2 Bath home for sale in Phoenix, won’t last long and in today's volatile real estate market. Finding the perfect home to fit all your needs is just a phone call away. Why spend hours looking through online websites for homes for sale in Phoenix, contact me, Larry Phelps, today for all your real estate needs! I'm happy to assist you in finding your dream home in Tempe Union High School District. To watch a tour of this 3 Bedroom 2 Bath home please view the website made specifically for it by clicking “here” or call S&S Southwestern Properties 480-981-6000. I believe that people need help, not banks...

	5464 47TH Phoenix, az 85040 3 bedroom 2 bath Large Backyard
Home Photo Gallery Virtual Tour Property Map Payment Info Request Showing Contact Me Karl Conover Office: 480-981-6000 Mobile: 602-989-4020 Website: Visit Website	Price : $40,000 Bedrooms : 3 Bathrooms : 2 Square Foot : 1,128 Lot Size : 6,761 Community : Patio Homes East 4 County : Maricopa Property Type : Detached Year Built : 1971 MLS Number : 4624957 click for more information and pictures Property Description 3 Bedroom 2 Bath Home for Sale. Beautiful home with a large front yard that includes a shade tree. This great home features an open and spacious kitchen with upgraded cabinetry, neutral tile flooring that continues throughout the main living areas of the home, an upgraded guest bathroom, a huge backyard a shed perfect for extra storage. All of this located just minutes from the 60, the 10, shopping, dining and downtown activities. 3 Bedroom 2 Bath Home for Sale Features List 3 bedroom 2 bathrooms No HOA 85040 Tempe High School Nevitt Elementary Gilliland Jr. High
Equal Housing Opportunity.	S & S Southwestern Properties : 6628 E Baseline Suite 101 - Mesa AZ 85206 : 480-981-6000

Home for Sale in 85048

Home for Sale in 85048. You will love this home for sale in Phoenix located in Pecos West! This 85048 community has homes for sale ready for immediate move in but none match the amenities this 85048 home offers. If you are looking for a one of a kind home in 85048, please review this unique 5 bedroom 3 bath. In addition, to schedule a showing, be sure to email me, Larry Phelps and take advantage of this great home for sale in 85048. This home for sale in 85048, located in Phoenix, won’t last long and in today's volatile real estate market. Finding the perfect home to fit all your needs is just a phone call away. Why spend hours looking through online websites for homes for sale in 85048, contact me, Larry Phelps, today for all your real estate needs! I'm happy to assist you in finding your dream home in 85048. To watch a tour of this 85048 home please view the website made specifically for it by clicking “here” or call S&S Southwestern Properties 480-981-6000. I believe that people need help, not banks...

	4105 LIBERTY Phoenix, az 85048 AHWATUKEE!*NO HOA* Diving Pool 5 bed 3 bath
Home Photo Gallery Virtual Tour Property Map Payment Info Request Showing Contact Me Karl Conover Office: 480-981-6000 Mobile: 602-989-4020 Website: Visit Website	Price : $184,000 Bedrooms : 5 Bathrooms : 3 Square Foot : 2,303 Lot Size : 13 Community : Pecos West County : Maricopa Property Type : Detached Year Built : 1990 MLS Number : 4621005 click for more information and pictures Property Description Home for Sale in 85048. Amazing find in Ahwatukee!*no HOA*beautiful lot is almost 14,000 sf, huge diving pool, fabulous outdoor fireplace with enough built-in seating for a crowd or view the fire, mountains, and fabulous sunsets from heated spa**huge wrap-around covered patio**inside you'll find lots of gorgeous 18in diagonal tile and new carpet**kitchen black appl., and great tile countertops**updated new raised panel doors t/o*new toilets in all 3 baths**downstairs bath has new tiled, walk-in shower**daylight basement has huge family room w/fireplace**new garage door opener** kyrene and desert vista h.s. boundary. Home for Sale in 85048 Features List Diving Pool Fireplace Heated Spa Covered patio Pecos West Walk In Shower Kyrene del Milenio Kyrene Desert Vista High 18" Tile Floors New Carpet Large Lot Big Backyard Outdoor Fireplace
Equal Housing Opportunity.	S & S Southwestern Properties : 6628 E Baseline Suite 101 - Mesa AZ 85206 : 480-981-6000

Home for Sale with Fire Pit

Home for Sale with Fire Pit. You will love this Fire Pit home for sale located in Gilbert! This Agritopia community has homes for sale ready for immediate move in but none match the amenities this home with a Fire Pit offers. If you are looking for a one of a kind home that has a Fire Pit, please review this unique 4 Bedroom 2 bath. In addition, to schedule a showing, be sure to email me, Larry Phelps and take advantage of this great home for sale with a Fire Pit in Gilbert. This home for sale in Agritopia, located in Gilbert, won’t last long and in today's volatile real estate market. Finding the perfect home to fit all your needs is just a phone call away. Why spend hours looking through online websites for homes for sale with Fire Pit, contact me, Larry Phelps, today for all your real estate needs! I'm happy to assist you in finding your dream home with a Fire Pit in Gilbert. To watch a tour of this home for sale with Fire Pit please view the website made specifically for it by clicking “here” or call S&S Southwestern Properties 480-981-6000. I believe that people need help, not banks.

	2841 CAMELLIA Gilbert, az 85296 Agritopia 4 bedroom 2 bath with Pool
Home Photo Gallery Virtual Tour Property Map Payment Info Request Showing Contact Me Karl Conover Office: 480-981-6000 Mobile: 602-989-4020 Website: Visit Website	Price : $235,000 Bedrooms : 4 Bathrooms : 2 Square Foot : 2,416 Lot Size : 9 Community : Agritopia County : Maricopa Property Type : Detached Year Built : 2005 MLS Number : 4624741 click for more information and pictures Property Description home for sale with fire pit. 9251 ft Lot, Gorgeous 4 bedroom + 3 car garage on a large premium lot, north-south exposure, 9 ft flat ceiling, extended master bedroom and extended covered patio, maple cabinets, smooth top range, microwave oven vented to the exterior, RO and soft water loop pre-plumbed, gas fireplace media shelves, ceiling fans pre-wired in every room, spacious walk-in closet, upgraded flooring with tiles in all the right locations, upgraded carpet and pads, fire sprinklers through-out the house, beautifully landscaped in front yard, close to 202 and US 60. home for sale with fire pit. Features List 4 bedroom 2 bathrooms Agritopia Soft water Loop Reverse Osmosis Gas Fireplace Walk in Closets Fire Sprinklers Gilbert 85296 Higley School Dist Williamsfield High Higley Elementarty Higley Jr. High Landscaping
Equal Housing Opportunity.	S & S Southwestern Properties : 6628 E Baseline Suite 101 - Mesa AZ 85206 : 480-981-6000

Home for Sale in Higley Unified School District

Home for Sale in Higley Unified School District. You will love this home for sale located in Higley Unified School District! This Higley Unified School District community has homes for sale ready for immediate move in but none match the amenities this Higley Unified School District home offers. If you are looking for a one of a kind home in Higley Unified School District, please review this unique 4 Bedroom 2 bath. In addition, to schedule a showing, be sure to email me, Larry Phelps and take advantage of this great home for sale in Higley Unified School District. This home for sale in Higley Unified School District, located in Gilbert, won’t last long and in today's volatile real estate market. Finding the perfect home to fit all your needs is just a phone call away. Why spend hours looking through online websites for homes for sale in Higley Unified School District, contact me, Larry Phelps, today for all your real estate needs! I'm happy to assist you in finding your dream home in Higley Unified School District. To watch a tour of this Higley Unified School District home please view the website made specifically for it by clicking “this link” or call S&S Southwestern Properties 480-981-6000. I believe that people need help, not banks.

	2841 CAMELLIA Gilbert, az 85296 Agritopia 4 bedroom 2 bath with Pool
Home Photo Gallery Virtual Tour Property Map Payment Info Request Showing Contact Me Karl Conover Office: 480-981-6000 Mobile: 602-989-4020 Website: Visit Website	Price : $235,000 Bedrooms : 4 Bathrooms : 2 Square Foot : 2,416 Lot Size : 9 Community : Agritopia County : Maricopa Property Type : Detached Year Built : 2005 MLS Number : 4624741 click for more information and pictures Property Description home for sale in higley Unified School District. 9251 ft Lot, Gorgeous 4 bedroom + 3 car garage on a large premium lot, north-south exposure, 9 ft flat ceiling, extended master bedroom and extended covered patio, maple cabinets, smooth top range, microwave oven vented to the exterior, RO and soft water loop pre-plumbed, gas fireplace media shelves, ceiling fans pre-wired in every room, spacious walk-in closet, upgraded flooring with tiles in all the right locations, upgraded carpet and pads, fire sprinklers through-out the house, beautifully landscaped in front yard, close to 202 and US 60. home for sale in higley Unified School District. Features List 4 bedroom 2 bathrooms Agritopia Soft water Loop Reverse Osmosis Gas Fireplace Walk in Closets Fire Sprinklers Gilbert 85296 Higley School Dist Williamsfield High Higley Elementarty Higley Jr. High Landscaping
Equal Housing Opportunity.	S & S Southwestern Properties : 6628 E Baseline Suite 101 - Mesa AZ 85206 : 480-981-6000