Address:  2323 N Adair Circle, Mesa, AZ  85207
MLS: 4650552
Price: $224,900
Bedrooms: 5
Bath: 2.5
Year Built: 2000
Pool: Yes
Spa: No
Fireplace: No
SqFt: 1808
Type: Single Level – Single Family
Lender Owned: Yes
Homepath Eligible:
Subdivision: Boulder Mountain
Cross Streets:  Ellsworth/McDowell
Gated Community: Yes
Schools: Mesa Unifed District/Skyline High School
Garage: 2 car garage
Exposure:North/South
Taxes: $2,685
New Financing: Cash, VA, FHA, Conventional
Listing Broker: RE/MAX Elite

Granite counters in kitchen, backs to open common area in beautiful mountainous Usery Pass area, 4′ extended garage with cabinets, new paint in/out, 5 full bedrooms with downstairs master & den(5th bedroom). Wooden blinds & ceiling fans, move-in ready. Can do quick close, not a distressed property, priced to sell. 15 minutes to Saguaro Lake, 25 minutes to airport, close to restaurants and freeways for easy commute.

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One thing that gets my blood going in a hurry is bad information – this is especially true when it comes to short sales and my customers in Mesa and Gilbert – in fact homeowners everywhere. I’m going to try to clear some things up, or at the very least take the skies from cloudy to partly cloudy. The only real way to get clear on your situation is to contact a real estate attorney. When considering a Mesa Gilbert short sale, you need to know the facts:

Myth #1 – You Must Be Behind on Your Mortgage to Negotiate a Short Sale

Although it is easier to get an approval for a short sale when your mortgage is behind, the key to any short sale approval is proving some sort of valid financial hardship. Banks don’t really like problems with their mortgage accounts and there is a lot of pressure on lenders to come up with win/win solutions for not only them, but for the general public.

Myth #2 – Banks Want to Foreclose Rather Than Approve a Short Sale

As a general rule foreclosure is more expensive than a short sale. This statement alone should tell you something if it were that simple, but it isn’t quite that easy. Banks represent stockholders and are responsible for making good decisions for their stockholders’ money. They are not charitable organizations. You need to understand this concept thoroughly. While the person you talk to on the phone at your bank is a human being they work for the bank. Being nice will get you a long way to getting answers but remember they work for the bank. Being rude with them will not work at all. The bank will be looking at what option is best for them – foreclose or approve a short sale. It is not cut and dry as to what they will decide, but the better you do at proving financial hardship, monthly income shortfall, and insolvency the better chance you have at getting your short sale approved.

Myth #3 – Short Sales are Impossible and Never Get Approved

Several years ago, this was true, but this isn’t the case as a blanket rule anymore.  Short sales are more difficult than regular sales but they are in no way impossible.  More and more short sales are being approved everyday.

Myth #4 – There is Not Enough Time to Negotiate a Short Sale Before My Foreclosure

Most lenders will stall a foreclosure, even up to the final days, if a short sale offer is submitted.  For agents who understand foreclosures and short sales, there is time available until the foreclosure process is complete.

Myth #5 – Buyers are Not Interested in Short Sale Properties

I get calls from Mesa and Gilbert buyers who are specifically looking to buy a short sale.  Short sales are serious candidates for home buyers because the property is often in much better condition than a foreclosure and listed competitively.

Myth #6 – Listing My Home as a Short Sale is an Embarrassment

You are not alone.  There are many people who are in the same boat as you. Only you know if you should have your hand slapped for being sloppy with your money – or were you a victim of the market and the economy.

Listing with an experienced short sale agent for your Mesa real estate needs who is educated in the short sale process will provide you with a great chance of quickly seeing a short sale offer, negotiation, and bank approval.

If you look around the Internet on just about any website that has to do with real estate or personal finance you will most likely come across some pitch as to why now is a good time to buy a house.

For the purposes of this post, I’ll let those arguments like low VA rates and low mortgage rates in general, low home prices, and the tax writeoffs you can get speak for themselves. Rather here I’ll address things you may look for if you have already decided to purchase a new house.

Picking a home that you like isn’t necessarily the only factor in selecting the right home. Prudence suggests that you should look beyond the number of bedrooms and the home’s model to long term vision that includes a variety of variables. Below is a brief list of items to consider where you buy your home.

Proximity Is A Big Factor

• Job Centers – Having a home near big employment centers will help you get your home sold in the future because many people like to live close to where they live.
• Proximity to Schools – What school district may not be important to you at this point in your life (or maybe it is). However, school district is an important aspect of some home buyers – especially those who have kids.
• Proximity to Mass Transit – Homes located close to mass transit lines hold their value more than homes off the mass transit grid. Locations near mass transit lines will most likely continue to keep their value as we move into the future with more and more people looking for ways to save money as commute costs continue to increase.
• Shorter Commute Distances – The majority of the foreclosures in the US are happening in more distant suburban neighborhoods and developments. This is primarily due to the cost of commuting to work centers is getting more expensive in time and money. Also, as the economy slows so does construction and upkeep of outlier amenities. Buying a home closer to work centers is a good resale strategy to consider.
• More Amenities – parks, libraries, malls, shopping centers, stores, restaurants, green belts, basketballs courts, tennis courts – homes with access to more things to do hold value better than remotely located neighborhoods. The more you can walk and exercise close to home, the more value your home will build and hold over time.
• Crime Rates – there is no denying it, locations with higher crime rates have a harder time selling. You will also want to pay attention to increasing crime rates.

Other factors may pop up for you as you consider this list. Think beyond the box of whether you like the home or not – think about what other people might think about the house in the future. If you buy it because it is located near a college where it can be easily rented chances are so will someone else in the future.