2.6.10
floorplan
Map
While this picture is not of the actual home, it is a great shot of
a Spanish Colonial elevation Savino. This new short sale at 3814 E. Cielo Grande Ave is priced at 499,500 for 3470 sq ft which includes 4 bedrooms, 3.5 baths and a 3 car garage. MLS says it is upgraded well and it is a corner lot which many folks prefer.
On a separate note, if a Realtor says he will buy your house for cash
if he or she can't sell it, call me first. This is an oldie but a
goodie in terms of sounding great but when you hear how much that
Realtor will buy it for you may feel ill. If you truly want to sell
your home, price it right. Short sales have a different pricing
philosophy and many times the asking price is simply to get an offer
on the hook. With that offer in hand the seller can then go to the
lender and start the painful process of getting them to agree to sell
the home for less than what is owed. That, in a nutshell is a short
sale. Why do folks do short sales? To minimize the hit on thier
credit score and to get that final approval document from the lender
which absolves the seller of paying back the difference the lender
lost in the short sale. Many lending institutions will try to go after
the seller to recoup this money after the sale even though Arizona
is an anti-deficiency state. That is a whole other blog post for
another day. Anyway, the price of a short sale is irrelevant as I have seen the lenders counter back for more and I have seen appraisals come in and lower the sale price of a short sale home. And your lucky if you get that answer in six months.
This link (click here) is to an article from John Wakes blog
www.arizonarealestatenotebook.com and is from a newsletter he
received on the impact of bankruptcy, foreclosure and short sales
on folks credit scores.
Tags: aviano, desert ridge, phoenix, real estate, villages, toll brothers, fireside, Arizona