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Blog by Doug Ingersoll

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3984 East Robin Lane Aviano Velez Model

March 31st, 2010
$400,000 used to mean something. A barrier or floor that Aviano could rest comfortably above. Not anymore. The
Ocotillo Collection is just getting pummeled by bank pricing.

Floorplan
Map

New to market is this bank owned Velez at 3984 E. Robin Lane. It came up for auction on 12.15.09 and the opening bid was $742,033.12 which is slightly above fair market value so it went to the bank for lack ...
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Posted in General

How Long Will the Negative Equity Last?

March 30th, 2010
This is the most frequently asked question I get related to real estate.
Other questions like 'who dressed you' or 'what were you thinking when you....' come in a close second.
This is one firms guesstimate on when things will return. If you are not planning on moving in the next seven years then you have less to worry about. From DSNews.com:

How Long Will Negative Equity Last?

First America ...
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Posted in General

Aviano Bank Owned Homes

March 29th, 2010
Those that think buying a bank owned home is quick and relatively easy may be surprised at reality. The asking
prices may be in the right range and once accepted by the bank an offer can fairly quickly be turned into close of escrow. But you as a buyer are not the only one looking for this scenario. Due to demand for Aviano there is intense competition for these products.

The bank owned Vele ...
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Posted in General

Aviano Price Reductions

March 27th, 2010
It is hard to see market forces mugging the same model as you own. The Savino with a basement at 3666 E. Crest
- 4500 sq ft - was offered at the trustee sale on Thursday for $472,500 and no investor stepped up to take it. It reverted back to the bank. Which means no one thought it would sell for the low $500's. After you buy the home, pay the back taxes, factor in the buyers Realtor commissio ...
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Posted in General

Aviano Andorra Model Under Contract

March 26th, 2010
Those considering selling their home nowadays will likely find that the market value of the home is less than what is
owed. Call an attorney who deals in short sales and foreclosures then call a CPA. After you have the full picture from them, call a Realtor who knows the neighborhood. Those thinking that For Sale By Owner is the way to go need an ego reduction. The sale of real estate has nev ...
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Posted in General

Aviano / Villages Price Reductions

March 25th, 2010

Floorplan
Map
Back on the market for lease and available 4.1 is the Mirasol model at 22807 N. 38th Way. Priced at $2950 a month it has the bonus room over the living/dining room, 5 bedrooms, 3.5 baths and a 3 car tandem garage. Around 4300 sq ft and backs to a wash.


Toll is reducing price on the 2 Cerreto models left in building 17. There are 9 different floorplans in each building and 14 ...
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Posted in General

Default Servicing Industry News

March 24th, 2010
The next Aviano monthly real estate meeting is April 7th at the community center. 6:30 PM and it is free. Casual
and lasts about an hour. See you there!

It has been slow in mls activity for the last couple of days in Aviano, the Villages and Fireside.

No Picture
Floorplan
Map
The contemporary Solaria at 3818 E. Crest Lane is now available for lease for $2750 a month. This home has
never bee ...
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Posted in General

Aviano Mirador 3839 East Expedition Way

March 22nd, 2010

Floorplan
Map
The short sale Buena model at 22218 N. 36th Way is back on the market priced at $469,900. I am told they
have written approval for the sale from the lender/investor so this one should be treated as a regular sale i.e. close
in a short amount of time. 3033 sq ft with 4 bedrooms, one has beautiful wood flooring and can be used as a den,
3 baths, pool and 3 car split garage. Fairl ...
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Posted in General

Aviano Home Pricing

March 21st, 2010
The agent that taught the short sale 2 day mind bender I attended last month was on a crusade to get Realtors out the business of doing BPO's. If I was feeling like crusading, it would be on fair pricing for listings.

Here is a link to a great blog post by Jay Thompson - The Phoenix Real Estate Guy. And a line from that post:

"The problem is, there are listing agents out there with the nast ...
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Posted in General

Commitment in Short Sales

March 21st, 2010
Here is some warm and fuzzy short sale verbiage from a listing in Fireside. Short sales are such an unhappy process.
 
"If you email or call with questions we have provided answers to below, your email/call may not be returned."

"If property is showing ACTIVE, we are still accepting offers. We might have other offers but the seller's has yet to sign them, and thus NONE have been accepted. (I ...
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Posted in General

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