Phoenix-Metro Rated in Top 5 Sunny Cities To Watch in 2011

Phoenix-Metro Real Estate Recently Rated #2 in 5 Sunniest Cities To Watch in 2011 in Investopedia–a Forbes digital publication.

Phoenix-Metro real estate in sunny Arizona
One thing is for sure and that is Phoenix-Metro real estate has some of the best real estate deals in the US from both an investors standpoint and opportunities available to owner-occupied and/or first-time home buyers.

Phoenix-Metro Real Estate Offers a High Standard of Living

On average 293 people move to Arizona everyday for business opportunities, warm climate and low-cost housing. Golf courses and a plethora of dinning, shopping and entertainment venues native to upscale locations such as Scottsdale also keep Phoenix-Metro Arizona as a great place to visit or own an affordable vacation getaway.

Phoenix-Metro Real Estate is Popular Among Snowbirds

Phoenix-Metro is a popular destination for retirees and other Midwest, Northern and East Coast relocates as well as Canadians looking to get out of the harsh winter climates either seasonally (snowbirds as we like to call them) or as year-round residents.

In a recent Investopedia article, Ryan Fuhrman, sited Phoenix as one of 5 sunny cities to watch in 2011, stating;

Given that they were among the hardest hit, they could see quicker recoveries that also build steam in the next couple of years. They share some positive characteristics, including sunny locales that retirees find popular, and all were benefiting from a general population migration to warmer climates from colder ones in the northern parts of the country.

Whether your a snowbird, year-round resident, retiree, Midwest transplant, investor or an Arizona native the Phoenix-Metro real estate housing market has a lot of low-cost housing opportunities to take advantage of now and to come in 2011.

Click here for Phoenix-Metro real estate foreclosures by city

Alamosa Estates, Chandler Homes For Sale–Featured Community

Alamosa Estates, Chandler is an upscale community in South ChandlerAlamosa Estates, Chandler Foreclosure Homes For Sale.

Alamosa Estates, Chandler is located in 85249 zip code just East of S. McQueen Road, South of Ocotillo and North of Chandler Heights. Great location close to shopping, restaurants, entertainment venues, schools and the 202 & 101 freeways for easy access to/from the Phoenix-Metro area.

Alamosa Estates, Chandler offers basement homes with upgraded lot sizes in 85249.

Basement homes in Arizona are rare compared to other parts of the US. In Arizona you only have to dig about 18 inches to place pipes when building a home whereas in other parts of the Country you have to dig about 4-5 feet to place pipes below the freezing line. Therefore, the expense to build and finish a basement in other parts of the Country where the whether is colder is not great. In Arizona, adding a basement increase the cost by $20 – $25/sq.ft. according to Scott McDonald, founder of the Wall Company which means it is less expensive to build a second level than it is to build a basement home in Arizona.

Search below all homes for sale in Alamosa Estates, Chandler.

We're sorry, but there’s nothing to display here; MLS data service is not activated for this account.

The Fine Art of Negotiating Your Phoenix Foreclosure Real Estate Transaction

Negotiating your Phoenix Foreclosure Real Estate Transaction is something mastered by experienced Realtors.

Phoenix foreclosure real estate transactionLike with anything, experience builds confidence and confidence builds excellence. Negotiating a Phoenix foreclosure real estate transaction is no different.  Most Realtors in today’s Phoenix real estate market have negotiated some foreclosure transactions if they have done business the last three years or so. That is not to say they are excellent at it.

Proper representation is important in a Phoenix foreclosure real estate transaction.

Proper representation is important in a a regular or short sale real estate transaction as well. This is just to point out that ‘proper’ representation in a Phoenix foreclosure real estate transaction is more times than not with a Realtor that has extensive experience in negotiating Phoenix foreclosure transactions.  The main difference in negotiating with the Seller of a bank owned foreclosure property is that there is a chain of command that must approve and/or sign documents and each bank follows their own line of protocol and time frames. This translates overall to deadlines being strict, terms being firm and stakes being high.

Keep your emotions out of your Phoenix foreclosure real estate transaction.

Don’t take it personal that the bank wants to charge per diem fees if you don’t close on time or that they don’t want to replace the out-dated fixtures.  A Phoenix foreclosure real estate transaction will state the homes are sold ‘as-is’ and there are other certain characteristics of a Phoenix foreclosure real estate transaction that are pretty much universal, such as;

  • Earnest money needs to be in the form of a cashiers check
  • Sellers will not provide Seller Property Disclosure Statements (SPDS)
  • Sellers will not provide insurance claim history (aka CLUE)
  • Home is being sold in as-is condition
  • Per diem charges will apply if Buyer does not close on time through no fault of Sellers
  • Buyer is required to re-key the home after closing
  • There is no chance or pre-possession

Keep your eye on the prize and employ an experienced foreclosure Realtor to represent you and the process will go smoothly and stress free. Click here to contact us directly or complete the short form below if you are looking for Buyer representation in the Phoenix-Metro area. Our foreclosure team services Phoenix Valley Wide and has several experienced and knowledgeable Realtors dedicated to helping you with your Phoenix foreclosure real estate transaction.

Circle G Ranches, Tempe AZ Homes For Sale–Featured Community

Circle G Ranches, Tempe is an upscale equestrian community.

Circle G Ranches, Tempe Foreclosure Homes For SaleCircle G Ranches, Tempe is community comprised of custom built homes, premium sized lots and a plethora of amenities including an equestrian arena. It’s great location ensures residents have quick and easy access to both the 101 Loop and 202 Loop Freeway as well as the Award Winning Kyrene Elementary School District.

Homes for sale in Circle G Ranches, Tempe offer beautiful landscapes.

Circle G Ranches, Tempe home were first built in 1979 and gradually increased with the most recent homes built in the mid 2000′s.  This upscale community offers lush landscaping, community park, tennis court and children’s playground.

Circle G Ranches, Tempe hosts horse riding trails throughout the community.

If you love horses this community is perfect! There are homes with with stables, riding trails, and a and an equestrian arena. All of this located in a convenient South Tempe location near some of the best shopping, restaurants and entertainment venues such as Gammage Auditorium, Tempe Improv Comedy Club, The Phoenix Rock Gym, Rolling Hills Golf Course–recognized as one of the finest 18-hole executive golf course in the Phoenix area, Red River Music Hall which hosts Jazz and Country artists, host of Octoberfest, New Years Eve block party, outdoor concerts and a ton of seasonal festivals throughout the year.

Browse below all homes available in Circle G Ranches, Tempe.

We're sorry, but there’s nothing to display here; MLS data service is not activated for this account.

Phoenix Bank Owned Foreclosure Process Explained–After Closing

Congratulations on successfully closing your Phoenix bank owned foreclosure home!

Technically you do not close on your Phoenix bank owned foreclosure home until you record. The County recording the new deed is known as recording. This is when legally your real estate agent can hand over your keys.

You should re-key your Phoenix bank owned foreclosure home immediately after closing phoenix bank owned foreclosures

The banks will require it. Without going into too much detail here you just want to keep in mind that some banks, such as Fannie Mae will require a mandatory re-key fee on the HUD settlement statement which the Buyer has to pay and the Sellers agent then arranges the re-key immediately after recording. In other instances the bank does not require a fee and just has the Buyer sign off that they know to re-key the property immediately and your real estate agent will usually arrange for this to occur at Buyers expense. Typically an entire exterior re-key will range from $75-$125.

It is important to save all your documents for your Phoenix bank owned foreclosure transaction.

Many Realtors will give you a cd of your transaction with all documents you signed electronically archived. If not you should receive a large legal size folder that you can use to store all your documents in a safe place. Your homeowners association (if applicable) will be sending information via mail most likely within the next couple of weeks.

Your Realtor will most likely not have your mailbox key for your Phoenix bank owned foreclosure home.

Many Phoenix foreclosure homes will come with the exterior key (which must be re-keyed as mentioned above) and items such as mailbox keys or garage door openers are sometimes never recovered by the listing agent that represents the bank after the trustee sale occurred. You will have to contact the local Phoenix post office in your neighborhood to retrieve a key and many times will have to buy a garage door opener at your local Lowes or Home Depot.

This concludes our Phoenix Bank Owned Foreclosure Process Explained series. We hope you learned a lot! Please post your comments and questions at the bottom of this post.

Below you will find all MLS listings for a Phoenix Bank Owned Foreclosure.

We're sorry, but there’s nothing to display here; MLS data service is not activated for this account.