Foreclosures on the Rise in Outlying Areas

A recent article in the AZ Republic addressed the rise in Residential Foreclosures in the new communities in the outlying areas of Metro Phoenix. What caused this problem? There are several factors that are responsible, many of which are occurring simultaneously.

Home buyers have long flocked to metropolitan Phoenix's farthest flung suburbs to get the most house for their buck.In the housing market, it's known as "drive until you qualify" - the farther out you go, the less expensive the homes.But where affordability and steady appreciation once enticed many to the Valley's edges, foreclosures are now forcing them out. Read the complete story.

Here is my advice to avoid this happening to you. Stick to the fundamentals. If you can't afford a home now without using a "tricky-dicky loan", you'll just have to wait, save more money, reduce your spending and increase your income until you can. In all fairness, many people lose their jobs, get hit with huge medical bills, get divorced or have some other unfortunate life event hit them that caused them to lose their home. Life happens.

If you are a potential home BUYER , there are plenty of good deals out there with or without Foreclosures. Now you have a much better shot at finding the home you really want because the selection to choose from has never been so large. To find those deals and BUY a home of your own or a good investment property, Click Here.

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What do your think about the article? Give me your two cents :)

Richard Pomisel
Realtor
1715 W.Northern Ave., Suite 100
Phoenix, AZ 85021
Toll Free:1(800) 474-2841
Mobile: (602)214-1166
e-Mail: Richard@Pomisel.com

10 "Must Do" Steps to Sell Your Home this Year

This article is an answer to the number one question I get from people who are thinking about selling their homes or tried to sell and were unsuccessful...this time. I hope that this article will be helpful to you. I look forward to your feedback.

10 "Must Do" Steps to Sell Your Home this Year - It's a buyer's market in most areas of the country so if you're selling your home this year, be prepared for a marathon, not a sprint. Following these 10 tips will help you sell soon.

Get more detailed information specifically as it relates to your home selling plans.

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Richard Pomisel, e-Pro, GRI
Real Estate Consultant
Dan Schwartz Realty Inc.
1715 W.Northern Ave., Suite 100
Phoenix, AZ 85021
Toll Free:1(800) 474-2841
Mobile: (602)214-1166
e-Mail: Richard@Pomisel.com