AZ Short Sale Homes 

Short Sale Information Do you owe more than your home will sell for? What is a short sale?  Basically, a short sale is when you owe more on the property that it will sell for in the current market. With this occurrence, you can only sell your home with the lenders approval to accept less, or short, than the amounts owed against the property. The term "short sale" is becoming a more common term in today's current housing market. More and more home owners are finding themselves facing "hardship" and tough times selling or refinancing, due to a number of different reasons. If you have experienced any sort of hardship, you may qualify for a short sale of your home and we can help. How does a bank benefit from a short sale? Banks are in business to make money off of their money, not own homes. By selling and accepting less than owed is still more than auction prices will produce. So why would a bank want to accept less? One reason is foreclosures are costly. It costs the banks quite a bit to proceed with a foreclosure. The banks know they will only get the fair market price at best, anywhere. So why spend even more of their losses foreclosing on a property that they can accept a short sale on? Exactly! Short sale means a higher net to the bank. Another reason is by listing your home for sale, the bank gets a licensed Realtor to actively market your home and bring in the highest and best offers. This clearly brings in more offers at higher prices than auctioning at the court house.

Bottom line is the Bank does not want your home back through the foreclosure process and often times are willing to allow a short sale of your home. Currently, the bank is being paid up to $2200 for each short sale they approve, to make it more appealing for the bank to accept. If you want additional information about a short sale listing, please email Mike or give us a call.

Your listing will be marketed as any other listing would be, including listing in the MLS, your very own listing page and a numerous of other advertising methods. We bring the offers in!

Complete our short sale form and we will get right back to you with a check list. We can complete everything online via electronic signatures. I can make it simple and if your home is ready for photos, make one stop out. This is when the sign and lock box are installed. Photos are shot and description will be taken at the same time. Once this is done, the listing legal language will be drawn up and sent to you via email. Follow the step by step signing instructions and the listing will be live on ARMLS within 24 hours.

If you need help selling your home using a short sale process, we can help. I employ a full time short sale coordinator to deal with the banks on your behalf. She spends all day on the phone so you don't have to. The process is quite involving and time consuming but we have it handled.