Posts from — May 2010

Ocotillo short sale home — reduced price for quick sale!!

Cave Creek Land for sale — 1.72 Acres of land in exclusive community just off Carefree Highway!! Now reduced!!

Wachovia short sales continue to be a hot ticket! I only wish everyone would have a Wachovia loan as this bank not only is paving the way for other lenders to follow but also has certainly earned my business for the future.

Any lender that takes an interest in their clients and does what is right to help them is the kind of bank that I want my money in.

Wachovia is single-handedly changing the short sale world and in effect they are boosting our economy. I certainly can’t say that about US Bank, Bank of America, AHMSI, Chase, or PNC Bank.

Bank of America was slowly climbing out of the “worst short sale lender” cellar but that was short lived…

They have tumbled back down the stairs and continue to be ridiculously unreasonable and clueless about how to help their clients or this economy.

It’s not entirely their fault but I know how to fix it…take about 20 million of the 24+ million that they paid their CEO plus about 1.5 billion that they used to payoff executive bonuses and distribute it evenly to all of their customers that they have completely turned their back on and left hanging in the wind.

It’s not a solution but its a start!

International investors are looking to capitalize in the Phoenix real estate market and they are coming in droves.

The weak US dollar combined with our local real estate depression makes for some sweet double-dipping by international investors looking for a great return on their cash.

These investors include private individuals, investment groups, and large investment firms seeking to gain a foothold with local Phoenix/Scottsdale properties being purchased for long-term gains.

Properties that once sold for $250,000 are now on sale at half the price — $125,000!! Some of these properties rent for as much as $1000-$1200 per month which, depending on the investors’ down payment, can yield a $600-$700 per month PROFIT!

When you take into account monthly cash flow, long term appreciation, tax benefits, plus a sunny climate that will continue to beckon people from all parts of the world, you can see why people are flocking to our desert paradise.

If you are a local or international investor looking for 1 home or 20 please feel free to contact us at (480) 241-4406 and we are glad to help you with your real estate investment goals.