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What is the ARMLS?

The Arizona Multiple Listing Service (ARMLS) is the database of ALL REAL ESTATE FOR SALE, listed by every Realtor®  throughout the entire Phoenix Real Estate market!  This is the same database Phoenix Real Estate Agents  access, so go ahead and Search the MLS like the Agents do. 

The Phoenix Real Estate professionals at myREALpro.com™ are available to provide expert assitance in locating the perfect Phoneix Real Estate, Free. From analyzing and comparing the asking price to scheduling a convenient time for you to inspect the real estate.  We work hard to protect the Real Estate buyers best interest.  Please call us at (480) 422-1999 to begin your Phoenix Real Estate search.


Investing in Phoenix Arizona Real Estate Now? Why, Yes!


According to the news media, the world has ended. Sorry folks, everything crashed –there’s no more real estate. Banks are no longer issuing home loans and no one is buying anything any more. It’s over! 

Back here on planet Earth however, things aren’t as gloomy as in TVLand. Sure, the Phoenix Arizona real estate market isn’t what it was a few years ago, but homes are being bought and sold every day. Banks are still issuing loans believe it or not, and great deals abound for those looking to buy. 

Buy now? Why, yes. You are no doubt familiar with the most basic rule of investing – “buy low and sell high.” Well, the “buy low” part requires a period of time when prices are low, and that would be right about now. Waiting for the market to improve before jumping in? That’s when the prices will already have increased, and buying then would go against the simple rule we just mentioned. 

There is no doubt that the market will go up again (because, historically, that’s what the Phoenix Arizona real estate market always does), we just don’t know when that will happen. What we do know is that now is a pretty good time to get started investing in real estate, so for anyone thinking in that direction, let’s review the five most important steps in getting started:

Phoenix Arizona Real Estate Investment | Chandler Arizona Real Estate InvestmentHave a clear plan. Real estate investing is a business and should be treated as such, not as a hobby. Sit down and make a plan for it then. Will you be investing for the long-term (renting) or short-term (fixing and flipping)? How much time can you set aside for your business every week? What work can you do yourself and what work will you need help with? What are your overall goals for real estate investing? Remember, despite what late-night infomercials say, getting rich “overnight” usually takes years, so having realistic expectations is very important too. 

Line up financing. Getting pre-approved for a loan before you find a property is a must.  Talk to several lenders, talk to your Realtor and ask for recommendations. When you complete this step you will know exactly how much money for the down payment you will need, what the rules for seller-financing are, and what you can expect the loan process will look like. If you plan on purchasing a property to rehab, ask about loan programs that provide money for that too. 

Line up your own cash. We have to bring up the late night “real estate gurus” again… “You don’t need any cash to buy an investment property,” they like to exclaim. Yeah right.  Even if you can find a property that can be purchased for no money down (not as easy as it sounds), you still need to have cash in the bank for other costs.  Like repairs. Or unexpected expenses. Or for mortgage payments when your tenant suddenly leaves and you are unable to find another one right away. Not having enough cash reserves is perhaps the biggest mistake rookie Phoenix Arizona real estate investors make, and it’s a mistake that can cost you dearly. So how much in cash reserves should you have? There’s no definitive answer to this question; you have to consider the property you plan on buying and try to determine what expenses you may have to deal with (new roof soon? water heater? flaky tenants?). Three-to-six-monthsworth of mortgage payments and expenses is a good rule of thumb, but again, your situation may vary. 

Assemble your team. Once you are ready to get started, you don’t have to (and shouldn’t) go it alone. There are real estate professionals that can help you along the way. First, you will need a good Realtor team (and fortunately you already know one ;). The Realtors’ job is not only to help you find the right property, but also to answer questions and guide you through the process. You’ll also need a good accountant who can answer taxrelated questions. Knowing a good property inspector is also a plus, as well as knowing a few loan officers who are familiar with investment properties. 

Acquire knowledge. First let us say this: you should invest in what you are already familiar with. This can mean the area you know well, like a particular neighborhood; it can also mean a type of property like a single family home, or condo, or retirement community, or a fixer-upper if you are the handy kind.  Forget about out-of-state pie-in-the-sky “opportunities” – putting your money into something you don’t know usually means getting fleeced. Now, once you’ve decided what you are going to invest in, your job is to learn everything you can about it. Talk to the Realtor who knows the area well, talk to other investors, read a book or two. Run your idea by your accountant and see what he or she thinks. The more information you have at your fingertips the better.  To learn more about investing in Phoenix Arizona Real Estate give us, your friendly neighborhood real estate pro, a call. 


What is a Short Sale?


Arizona Short Sale pro, Foreclosure Alternative, Short Saleshort sale is when a lender accepts less than the amount due to satisfy the loan. In other words, the lender “forgives” the borrower a part of the debt.  As you can imagine, lenders are not too keen on this, and the procedure to complete a short sale is neither simple nor easy. Typically, lenders will consider approving a short sale only when they calculate that it’s in their best interest. For example, the borrower is unable to repay the loan, is facing a foreclosure, and the current value of the home is less than the loan balance. 

Borrower may put the home up for sale, find the buyer, and request that the lender accepts the proceeds of the short sale as the full repayment of the loan. The lender will consider whether this will net them more money than a foreclosure and whether they could get the money faster. If so, they may approve a short sale. Like we said, the short sale process is neither simple nor easy, and there are multiple levels of approval the borrower must go through. The short sale also has a negative impact on a borrower’s credit report, but far less than the impact of a Foreclosure.  For many Arizona Home Owners a Short Sale may be their best option to get rid of a depreciating asset. 

To learn more about Short Sales in Arizona and to see if you and your home qualify for a Short Sale, please Call 480-776-7291.  Read our Short Sales Frequently Asked Questions to learn more.


Chandler Arizona and Gilbert Arizona Real Estate News



Chandler Arizona Gilbert Arizona Real... - Google News
Mesa homebuyers take advantage of bargains - East Valley Tribune7/3/2009 11:04 PM

East Valley Tribune

Mesa homebuyers take advantage of bargains
East Valley Tribune
David Donaldson, a real estate agent with Keller Williams Realty East Valley, said of the 20 houses he's sold this year, including nearly 10 last month, ...

and more »
Neighbor: Abandoned Gilbert project a hazard - East Valley Tribune7/3/2009 9:41 PM

East Valley Tribune

Neighbor: Abandoned Gilbert project a hazard
East Valley Tribune
Bob Kammrath, a Phoenix-based real estate consultant, said cities and towns in the Valley can expect to see more of these situations in which developers ...

and more »
Bashas' plans to close more stores - East Valley Tribune6/30/2009 6:42 PM

East Valley Tribune

Bashas' plans to close more stores
East Valley Tribune
Bob Kammrath, a Phoenix-based retail and real estate analyst, said Bashas' seems to be alone as far as closures are concerned. He noted that larger rivals ...

and more »
Chandler unemployment highest in 20 years - East Valley Tribune6/18/2009 8:32 PM

Chandler unemployment highest in 20 years
East Valley Tribune
Chandler's rate is lower than the Phoenix metro area, at 6.8 percent, and Arizona's, at 7.4 percent, Howe said. The nationwide unemployment rate stands at ...

and more »
Enforcement key to extended rental property tax - AZ Central.com6/22/2009 11:22 AM

Enforcement key to extended rental property tax
AZ Central.com
Chandler has been aggressively pursuing revenue from rental property since 2005, hiring college accounting students to search county real estate records and ...

and more »

Phoenix arizona real estate market - Google News
Mill Avenue's new direction - Arizona Republic7/4/2009 8:38 PM

Mill Avenue's new direction
Arizona Republic, AZ
"Fun things are happening, almost like silver linings that never would have happened if the bottom hadn't dropped out of the real-estate market," said Hormann, whose group represents area merchants. She said that Harkins was the only Mill Avenue ...
Resorts suffer financial strains - AZ Central.com7/4/2009 9:51 PM

Resorts suffer financial strains
AZ Central.com, AZ
That's just one less than in all of 2008 and more than double the number in 2007, according to Ion Data, a Mesa real-estate research firm. There are other signs of financial stress, too, including major liens filed against resorts that recently ...
Tax Bill Appeals Take Rising Toll on Governments - New York Times7/4/2009 10:57 AM

New York Times

Tax Bill Appeals Take Rising Toll on Governments
New York Times, United States
The revenue losses are coming as homeowners prod towns for new assessments, and as municipalities conduct regular revaluations of their real estate. While declining residential values weigh heaviest on many governments, the value of commercial real ...
Beaudry RV buys time in reorg plan - Arizona Daily Star7/4/2009 11:42 PM

Beaudry RV buys time in reorg plan
Arizona Daily Star, AZ
The original loan had been $42 million and is tied to six parcels of real estate in Arizona. Beaudry RV was unable to pay the balance or refinance the debt amid tight credit markets. Under the reorganization plan, Beaudry RV will have 3.5 years to pay ...
AZ State Treasurer Dean Martin to Speak to Real Estate Investors - BigNews.biz (press release)7/1/2009 9:58 PM

AZ State Treasurer Dean Martin to Speak to Real Estate Investors
BigNews.biz (press release), MA
We will be taking a close look at the Greater Phoenix real estate market to give you the most timely and best data to assist you in your investing decisions. Mike Orr, founder of the Cromford Report and Alan Langston, AZREIA executive director, ...

Yahoo! News Search Results for chandler arizona real estate
Chandler neighbors feel foreclosure pain (East Valley Tribune)7/3/2009 10:58 PM
Just a year ago, David Vega's north Chandler neighborhood was a friendly place where the longtime residents knew one another and held block parties. Not so, these days.
Condemned Chandler business wants more $ (East Valley Tribune)7/2/2009 7:28 PM
The owners of Lloyd's Complete Auto Supply Co., whose downtown Chandler property was condemned for a new City Hall, have released their own appraisal of the site's value, about double the city's estimate.
Mesa homebuyers take advantage of bargains (East Valley Tribune)7/3/2009 11:16 PM
Kathy Willis has lived in her east Mesa neighborhood long enough to be able to easily rattle off names of pretty much each family living on her street. Over the last couple of years, she's also witnessed some of them become foreclosure victims, their empty homes a reminder of the sign of the times.
Great deals, but Q.C. housing still reels (East Valley Tribune)7/3/2009 10:54 PM
Christina Hamelton can see two for-sale signs from the front porch of her home in the Indigo Trails community off Ocotillo Road in Queen Creek.
Financial adviser caters to needs of female investors (The Arizona Republic)7/3/2009 3:07 PM
Theresa Krueg still remembers the phone call that convinced her to climb the ladder in the financial-advisory business.

Short Sale Real Estate Deal in Chandler Arizona


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Chandler Arizona Short Sale Listing


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Charming Chandler Arizona Neighborhood


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We strive to be the most informative website in the Phoenix Real Estate Market.  At myREALpro.com you can search the Arizona Multiple Listing Service (ARMLS) for Residential and Commercial Real Estate For Sale or For Rent.  Shop for homes in Chandler Arizona and Gilbert Arizona and throughout the Phoenix Real Estate Market.  Receive Free Professional House Valuation for Real Estate you own in Chandler Arizona and Gilbert Arizona or anywhere in the Phoenix Metro.  Search for Rental Homes, Townhouses and Apartments using our Rental House Search Engine .  View luxury homes for sale in Chandler, Gilbert, Mesa, Tempe, Goodyear, Litchfield Park and Phoenix Metro.  Now you can use our New Homes Search Engine to find the perfect home including New Home Builder Information, Floor Plans, Elevation images and more,  in brand New Neighborhodds under development in Phoenix Arizona Real Estate Market.  Subscribe to our Home Owner News , an Informative Real Estate Newsletter with valuable tips and tricks and a fresh perspective on the Phoenix Real Estate Market.  Read the latest Real Estate news for the entire valley of the Sun including our Blog.

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