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Why You Should Contact an Arizona Short Sale Realtor

Are you facing a foreclosure? Hiring an Arizona short sale expert can make all the difference to your financial situation.
 
Before the housing bubble burst in 2006, buyers were complaining about the crunch the housing market inventory and lack of quality houses in the market. However, after the burst of the housing bubble, buyers were anxious about the right place for purchasing a new house. The long closing process of distressed properties, short sales and foreclosures, was another nightmare for the buyers. However, more than 70 percent of the houses sold in the market comprised of these distressed properties only.
 
The tide has turned again and the market is facing a high demand low supply inventory crisis. It is certainly an excellent opportunity of the sellers but not for the buyers. The Phoenix metro region is facing a similar situation even now and the inventory figures are way below the previous year records. According to the experts, there is less than 4 months of supply available in the market.
 
arizona short sale realtorBut how does this matter to a seller? According to the experts, out of the total number of homes purchased in the market, first time buyers cover only 40 percent of the overall sale. However, only 40 percent of the buyers in Arizona have the cash for purchasing the house, which is an excellent opportunity for sellers looking to sell house fast Arizona.
 
The buyers with low credit score and negative equity are finding it extremely difficult to get the required finance.
 
With a shortage in the short sale inventory, many sellers are anxious whether this is the right time to buy a house or not? However, holding up the house for a longer period might end up most of the cash offers.
 
How an Arizona short sale realtor can help if you’re facing foreclosure
 
As an Arizona short sale realtor, I would advice is to see what options you have as soon as possible. If you’re bank has sent a notice for the foreclosure, you may have to hurry to start the short sale process in Arizona and sell quickly. In either case, it is important to meet a professional at soon as possible and get some expert advice.
 
What are the actions that you can take against a foreclosure?
 
• Look at the Homeowner Debt Forgiveness Act, which will expire by 31 Dec 2014. There is a chance that it may affect your tax liability or deficiency qualifications for the foreclosure and the short sale process.
• Are you behind your payment schedule? If you have not received any Notice of Trustee’s Sale, it can be the perfect time for receiving a professional consultation. Without getting professional advice, your options may cut down in the upcoming months.
• The short sale process may vary depending upon the number of pricing, demand, and the available inventory. Further, the increase in normal sales may lower down your chances of cracking a short sale/foreclosure, especially when the buyer’s pool is shrinking at a sharp rate.
It is high time to hire an Arizona short sale realtor and get out of the foreclosure process. If you are looking for a free consultation, call 602-741-1602 today!
 
Tracy (G+) is an Arizona Short Sale Realtor, Investor, Rehabber, and Foreclosure Expert.
 
She also is an avid blogger, vlogger, contributor to Real Estate Magazines, and hosts Real Estate Rescue, a radio show dedicated to the distressed property market.


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YOU took the stress & got it done

“Tracy and her team were patient with me throughout this entire process. The bank was nearly impossible to deal with on my own but I felt like once I found tracy and her team took over, things got done faster and without all the stress...I'd recommend her to anyone needing to short sale."...