Shame on Arizona MLS
After discussion with Arizona Regional MLS it may be possible for the searches I have on the blog to show past solds possibly in early 2010. A decision by most of the countrys regional mls groups was made many years ago not to show this to the public. But times are a changing and the secret to success is not to be proprietary with information but to give it away. By giving you all the information and, most importantly, explaining what it means consumers are really in control. And consumers can also work with the folks that give it away and explain it because there is no better way to prove knowledge of a market as a Realtor. If I told you I was an expert in Chandler real estate you would know that is not true. Withholding information from people in order to drive them to real estate agents to get the information is a bad, old-fashioned business model.
One other concept from the Mackey Law Firm presentation I want to touch on is that leinholders are holding out for more and more in short sales.These negotiations are dragging on longer because second leinholders are now saying 'we want more money in order to release this lein'. This is a tortured business model. I am hearing more anecdotal stories like this from peers and it just makes this
process tougher.
And why would you want to do a short sale vs just walk away and foreclose? Because in a short sale, the seller gets to negotiate whether the banks will come after them after the sale for the deficiency. The approval letters issued by the banks specify that, hopefully, no action will be taken against the
seller for a deficiency judgement. In a foreclosure it is gravity that the owner will likely be hounded by the leinholder for some amount owed.
The Strada at 3733 E. Robin Ln is now back of the market for $529,900 as a normal sale. This is the 3rd or 4th flip listed by two agents from John Hall that work with investors who by the home at auction and turn around and sell it as a normal sale. I hope they get every penny of asking.
A Blanca at 3826 E. PAtrick Ln is back on the market for $545K as a normal sale. On the market for 186 days earlier this year it was priced at $590K and ended at $549K. A nice home with modest upgrades and a really nice backyard.
The short sale Montoro at 22311 N. Freement is back under contract and in pending status. All fingers crossed for it to go through.
The bank owned Mirasol at 3980 E. Navigator Ln is under contract and had a price adjustment up to $530K. These listing agents did the same thing with the highly upgraded Mirasol on Los Gatos - price it low, get multiple offers and then when the price is bid up - choose the best. Originally priced at $464,800.
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