Understanding Your Financing Options

Posted by relocateaz on Oct 5, 2009 in financing | 0 comments

If there is one thing the media has made us aware of throughout the course of this morgage meltdown, its just how creative(and crazy) lenders were with the financing options.  As the credit from the banks tightened so did the lending options available for buyers. While most of the exotic loans of the past are gone their are...

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What Does “Highest & Best” Mean?

Posted by relocateaz on May 14, 2009 in Buying Tips, Foreclosure, Selling Tips | 0 comments

There’s been a lot of talk around the office lately about “Highest and Best“.  What was originally used an appraisal term is now a trending topic in the foreclosure world. When prospective home buyers put in offers on a bank-owned property and the bank responds by asking for “Highest and Best”,...

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If the market is down, why do some Mesa homes for sale have multiple offers?

Posted by relocateaz on Feb 10, 2009 in Buying Tips | 0 comments

We have had many cases over the last six weeks where a home for sale in Mesa or Queen Creek will have multiple offers placed on the home and even ends up going for even more than the asking price in many situations. How can that be if the market is down and this is considered a buyers market? This may not be the case on every...

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