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Nextage Realty Professionals
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The REO (real estate owned) foreclosed home market is hot right now in the Prescott area with many homes priced under an already depressed market price. When banks price REOs under the market price, multiple offers are often the response. This means buyers can be up against stiff competition for that bank-owned home. It’s not unusual for [...]  Posted by Jerry Cecil  August 22, 2011, 9:44 pmI am often asked. What is the best way to find bank-owned homes in the Prescott area? Many people call the Realtor who is listing the REO homes. Though, this realtor can help you buy the home, they would be taking on two roles as the buyer and seller agent, also known as a dual agency. [...] Posted by Jerry Cecil August 22, 2011, 7:53 pmThere are 97 distressed property sales in Prescott, this is 12% of the market. There are 43 bank-owned homes in Prescott. Go to this link for the MLS listings; http://www.paarmls.org/prs/maildoc/sd_AAAa007E020110807180654.html There are 54 short sales in Prescott. Go to this link for the [...] Posted by Jerry Cecil August 7, 2011, 5:01 pmWhen you owe more on your Prescott or Prescott Valley home than it’s worth, but you have to sell, you need to squeeze every dollar possible from the sale. Here are seven tips for navigating the short-sale process. 1. Know who you owe A short sale has to be approved by any company that has a mortgage or [...] Posted by Jerry Cecil June 28, 2010, 5:16 pmThe Wall Street Journal recently ran a couple of articles on the unforseen impacts that short sales can have on homeowners who use short sales to avoid foreclosure. Many Prescott and Prescott Valley homeowners facing foreclosure are under the impression that there are no consequences when the bank “agrees’ to a short sale. Sadly, this is not [...] Posted by Jerry Cecil May 8, 2009, 6:57 am |
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