Kristin’s Phoenix Real Estate Update – December 2011

I know you have been anxiously awaiting the latest Phoenix real estate update, so here it is! As 2011 draws to a close, we are seeing some continuing signs of true recovery in the Phoenix real estate market despite the gloom and doom that some “media experts” continue to report. That being said, according to one Wall Street expert, we are not quite in recovery but in the stage just before. And a little holiday gift from Fannie Mae, Freddie Mac and other major lenders for those homeowners with pending foreclosures.

Mesa short sale townhome listing – Cash flow cow

Looking for a condo that will cash flow like crazy, check out this Mesa short sale townhouse the East Valley Team has listed. This is an adorable two-story townhome. Updated with laminate flooring, decorator paint. Lots of storage including a large pantry in the kitchen. Shaded patio/courtyard. Perfect investment property with tenant willing to stay.

East Valley real estate negotiations 2011

East Valley Team member Kristin LaVanway talks about how real estate negotiations in the East Valley have changed.

Is it just me? It just doesn’t seem like it’s much fun any more to negotiate a real estate transaction. Short sale, REO’s and homeowners who have have watched all the equity drain from the homes have taken all the pleasure out of the process.