This just in from Ask the Broker: Question: I put in an offer on a home that is in short sale, but the owner refused to submit my offer to the bank which was the highest offer given. He wants to remain in the home, with investor purchase. My agent told him we submitted an offer and it was still active, so the sellers agent removed from market. House goes in foreclosure 3/9/10/ What can I do to … [Read more...]
What is a Short Sale?
by on January 18, 2010
Often us real estate types tend to forget that the real estate vernacular (I’ve always wanted to use ‘vernacular’ in a blog post) we are so accustomed to might be unfamiliar to many who don’t deal with real estate on a daily basis. I know I am guilty. We throw around words and terms like REO, Option ARM, fixture, encumbrance, and short sale like everyone knows what those terms mean. … [Read more...]
New Twist on Trashed Foreclosed Homes
by on December 30, 2009
Ask any real estate agent and they will tell you they have seen their share of trashed out foreclosure properties. Here’s a sample video of one in the Agritopia subdivision. Yes, it is illegal to wreck a home, but that doesn’t stop a lot of people from doing it. On Monday, I saw a new (for me) twist to this madness. While showing a beautiful northeast Mesa custom home--that was in great … [Read more...]
Gilbert New Homes Real Estate Market: Beginning to Recover?
by on October 31, 2009
One does not have to drive far in Gilbert (or anywhere in the Phoenix metro area) to see this: This would be an abandoned subdivision. The streets and sidewalks are in, utilities are run to individual lots, there may even be some common area landscaping done. But there aren’t any homes. The builder’s bailed at some point for a variety of reasons – low/no sales, financial … [Read more...]
I'm Jay Thompson, and I have a little blogging problem... 
