Tuesday, February 19, 2008

Video Real Estate News Letter

I am posting a link to my video real estate newsletter. For additional information on the Ahwatukee real estate market, and homes for sale please visit my website www.allarizonarealestate.com or contact me directly.

http://realtytimes.com/REUv/KentGagon

Monday, February 18, 2008

New Listing in Casa Grande

I have just added a new listing in the Casa Grande Area to the MLS. This home is a 1687 Sq.Ft. 3 Bedroom, 2 Bathroom, Single level. Priced at just $155,000. Located in the Copper Vista Community off of Pinal Avenue and Val Vista Rd. For more information on this home or any other Casa Grande homes, or homes anywhere in the phoenix metro or surrounding areas call Kent 602-980-5368 West USA Realty.

Casa Grande Short Sales and Homes for Sale

I have been getting a lot of inquiries about short sales and questions as to what they are exactly. The basic jist of a short sale is this, the sellers loan or loans total more than what the home would sell for in the current market. There are a number of reasons for this type of situation, perhaps the home owner took out a line of credit to pay off credit cards or cars or just do some home improvements. Or maybe they bought the home when the market was booming and due to recent price declines the value has gone down in thier neighborhood. Regardless of the reason, they owe more than the home is worth at this time.

So What do you do? The only thing to do is call the mortgage lender and ask if they will work with you on a short sale, request a short sale package and list your home with a qualitied Realtor that will assist you in marketing the home and negotiating your short sale on your behalf. My team and I are experienced in negotiating short sales and would be happy to meet with you to discuss your options. Call Kent today for more information 602-980-5368.

It is important to note that many banks and lending institutions will not do anything to help a homeowner in this type of scenario until they are 90 days past due on payments. The only way to find out is call them and ask.

Other questions that typically come up about short sales. Am I liable for the differenece between what I sell the house for? Again this is many times dependent on the lending institution. Some will write off the difference as a total loss and there is no liability to you as the seller, some will not and will require that you sign a promissory note for the difference. Some will give you the option. It is important to get any agreements with the bank in writing either way. We advice all our clients to get professional legal advice from a qualified attorney regarding this.

Another question that is commonly asked is Will I owe taxes on the difference? Again we suggest and advise all our clients to speek with a certified accountant regarding tax questions. However on December 20, 2007 Congress and the white house signed a bill that will allow owner occupied sellers (not investors) to short sale thier home and have no taxable consequences for any short sale that is completed by December 31, 2009.

An important note to make to home buyers that want to include short sales in thier search for homes. The final acceptance of a purchase contract and the purchase price is subject to the lending institutions approval. This can take weeks to obtain. Be prepared to wait patiently for this approval. Once the approval is obtained you will typically have 30 days to complete your inspections, appraisal and close escrow. You can get a great deal when buying a short sale home, just don't be in a hurry to close.

If you have any other questions about short sales please feel free to call me anytime. Kent at 602-980-5368 with West USA Realty in Phoenix, Tempe, Chandler, Gilbert, Mesa, Scottsdale, Ahwatukee, and other cities throughout Arizona.

Wednesday, February 13, 2008

Are you behind on mortgage payments? Is your mortgage rate about to adjust and you're not quite sure that you are going to be able to make the new payment? Do you want to sell but you owe more than your home would sell for? If you have answered yes to any of these questions, I can help you now. As of December 20, 2007; Congress and the White house passed a new law that will allow you to short sale your home, with no taxable consequence between now and the start of 2010. My team and I are experienced in negotiating short sales and will do so for you. Call me today 602-980-5368 to schedule a no obligation appointment and consultation.
The main goal I have in writing this report, is to provide information that you can use to make educated real estate choices in todays market. If there is something specific that you would like to know, please call or email me and I will help in any way that I can.
Despite what everyone else says and does, there is serious opportunity in our local real estate market right now and to come! All the financial gurus teach the same thing, buy low...sell high, watch what others are doing... and do the opposite, and so on. So though it may take more time to find the right deal for you as a first time buyer, move up buyer, or investor; that wants to hold a home for the long term investment and not a quick gain, now is one of the best times we have seen since the mid 1990's. Lots of people made smart investments in the '90's and realized great profits in the following years. Many of these people still own those homes today, and have monthly cash flow from them as well as plenty of equity despite the recent market drops, because they bought at or near the bottom of the price curve! Yet again another reason to buy now and not wait until the market starts back on its upward turn again.
I am committed to working with my clients, as long as it takes with no pressure to make a decision, to find you the right home at the right price, and negotiate the best deal for you. My lenders are committed to getting you the best financing option at the best rate based on your financial situation.
So whatever your real estate goals are for 2008, take the advice of some of the greatest financial geniuses of all time and take advantage of the current real estate market to find the home, or investment options that are right for you. Donald Trump bought most of his real estate in times of desperation. Robert Kyosaki teaches - real estate investors that their profits are made on the purchase, not the sale. Sir John Tempelton made millions in the stock market when everyone else was bailing out, he was buying everything up. Real estate will recover; it always does, your choices are to buy now and get the best deal possible and watch your equity grow over time, or wait it out like everyone else and buy when things start rising again. Either way, who gains more in the long run? That's right the person who bought at or near the bottom of the price curve. Interest rates are low and with good credit, and a little cash financing is readily available, and we can usually always get the seller to pay your closing costs; something that would not have happened in the peak of the market! Get off the fence and into the right real estate choice for you!
With homes starting at just $129,900 Now is a great time to take advantage of this incredible buyers market in Casa Grande while it lasts. Plus get up to $120,000 in incentives when you buy a builder spec home in the Casa Grande area, call me today to start the search for your next home.
Sell your own home while we have it listed and YOU PAY us NOTHING absolutely NO Commissions! In Fact I will pay you $500 if you sell it before I do!
There are still over 3500 homes selling each month! Make yours one of them by calling me... I GUARANTEE! to SELL YOUR HOME in under 90 DAYS, or I will SELL if for FREE GUARANTEED! Visit my website www.allarizonarealestate.com for details or call me now!
Buyers! I GUARANTEE to negotiate a minimum of $10000 off the asking price of your next new home when you buy with me, or I will pay $1500 of your closing costs at close of escrow! Contact me for more details. Restrictions apply to all promotions visit www.allarizonarealestate.com for more details or call me direct now at 602-980 5368
This is a buyers market! What does that mean exactly? Get out and buy your next home, this type of market will not last forever. There are currently over 57000 active listings in the Arizona MLS and over 4400 Builder spec homes, that means you can find what you are looking for and get a great deal. If you have a home to sell, my best advise is price it well and it will sell. Remember when selling you may have to take less now to sell your home, but you will also pay less on the home that you go to buy, so it ends up a wash. Plan ahead if you want to move in the next 60-90 days start now!
If you are considering selling your home, and demand the highest level of service available, with no risk and guaranteed results, there has not been a better time in years. I have a flexible fee structure, and one of most visible websites on the major search engines, along with access to over 40 million viewers both online and offline through national TV, and print advertising. Your home will be exposed to thousands of prospective buyers each month. If you are considering hiring an agent to list your home that does not have high web exposure, think again 98% of all home buyers start their home search on the web. List your home with me...If I don't sell it in 89 days I will sell it for free*!
If you are considering buying, hire a realtor to assist you, remember it does not cost anything to be represented by an experienced and knowledgeable realtor when you are buying a new or resale home. Contact me for more information at http://www.allarizonarealestate.com
A note to licensed agents...I gladly pay agent to agent referral fees. Call me for more details.