Short sales have become a significant part of the Real Estate transactions.
The chart to the right shows the sales in January 2010 by city and the corresponding percent of sales by type; Bank or Lender Owned in red, Short Sales in blue, with the remainder [...]]]>
Short sales have become a significant part of the Real Estate transactions.
The chart to the right shows the sales in January 2010 by city and the corresponding percent of sales by type; Bank or Lender Owned in red, Short Sales in blue, with the remainder being traditional sales. Anthem had the highest percentage of short sale transactions in January 2010 with 38%. As you can see, every city or town in Phoenix is experiencing short sales and the underlying hardships that make these sales necessary. From Avondale to Anthem, and Gilbert to Glendale, it is a trend that will continue for all of 2010 and longer.
Short sales are defined as the market value being less than the amount owed to the bank(s). Nationwide, 24% of all properties with a mortgage were upside down or negative equity. In Arizona, the number is estimated to be closer to 51%. When a homeowner experiences a hardship such as relocation, job loss, divorce, separation, or health issues and must sell, but have negative equity, the choices are difficult. The Arizona Department of Real Estate and the Arizona Association of Realtors recently released a Short Sale Seller Advisory that discusses the options available to homeowners in this situation. A website that also have information regarding short sale can be found at Phoenix Foreclosure Options.
If you know if anyone who is experiencing a hardship and needs additional information regarding short sales and the available alternative, please pass on this information or have them call me at 480-326-8571 with any questions.
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A Tempe home that provides a separate guest quarter and entrance may be the perfect solution for a family with an aging parent. The decision to locate in Tempe benefits from the strong mass transit system that can provide a safe way to travel throughout the valley. One element of that system is the Phoenix Light Rail System. Of the 28 stations, 8 of them are located in Tempe. The light rail is also wheelchair friendly, and passes right in front of the Disability Empowerment Center in Phoenix.
Tempe Homes with Guest or In Law Suite
Tempe, unlike other cities further removed from employment centers provides close access to freeways and more developed transportation infrastructure so nothing is really very far away and commuting time can be significantly reduced.
For more Tempe housing information please contact me at 480-326-8571.
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Active Adult Retirement Community is part of Peoria and Sun City
The Ventana Lakes Active Adult community is not the largest retirement community in the Phoenix valley, but it does have the distinction of being the only community in the Phoenix valley that is part of two cities, Peoria and Sun City, and part of two zip codes, 85373 and 85382. Those residents that live west of 107 Ave. are in Sun City, 85373. The Ventana Lakes residents east of 107th Ave. are part of Peoria, 85382. Regardless of the city or zip code, all homeowners belong to the Ventana Lakes Property Owners Association. Ventana Lakes , situated on 480 acres, has been recognized as the “Adult Community for the Young-at-Heart”.
This Close Knit Community offers amenities, activities and waterfront walking trails
A unique feature of Ventana Lakes is the unique opportunity that every resident has to enjoy the waterfront atmosphere by utilizing the pathways that border the 30 acres of lakes. On the largest lake, a complete walk around the lake is close to 1.5 miles. Think of it, a peaceful daily walk along the waterfront regardless of where you live in the community. Waterfront home owners can access the walking paths right from their backyard and at the same time enjoy the serene and peaceful waterfront views from their back porch.
The community of over 1,700 properties and over 200 waterfront homes enjoys 4 separate pools and 2 spas, a sauna and steam room, recreation and fitness room, handball courts, billiards, bocce ball, and more.
Ventana Lakes Waterfront Homes for Sale
Residents come together on a monthly bus trips to visit casinos, shows and anything else that looks entertaining. Or they may decide to organize breakfasts, concerts, bingo, karaoke, or dances. The Willow Creek golf course is practically next door. A short 4 mile commute east offers access to the 101 freeway providing smooth access to the greater Phoenix area.
Satellite View of Ventana Lakes Community
The Ventana Lakes single level homes with open floor plans would be a perfect fit for someone looking for a handicap or wheelchair accessible home that is will to make modifications such as a roll in shower or any other changes. The walking paths around the lake provide a safe environment for morning or afternoon strolls around the lake.
If this looks like the kind of active adult lake community in the west valley that would interest you, and would like to receive automatic updates of available homes as they come up, click on Ventana Lakes Automated Property Listings. Homes range in size from 1,200 sq.ft. to 2,500 sq.ft.
Visit Phoenix active adult living for more information on Phoenix active adult communities, or if you have a desire for waterfront property, visit Phoenix active adult waterfront communities. Or better yet, call me at 48-326-8571. ]]>