Fort Mohave

8 Reasons Why You Should Work With a REALTOR®

Not all real estate practitioners are REALTORS®. The term REALTOR® is a registered trademark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics. Here’s why it pays to work with a REALTOR®.

1. Navigate a complicated process. Buying or selling a home usually requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multipage settlement statements. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes.

2. Information and opinions. REALTORS® can provide local community information on utilities, zoning, schools, and more. They’ll also be able to provide objective information about each property. A professional will be able to help you answer these two important questions: Will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?

3. Help finding the best property out there. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your REALTOR® to find all available properties.

4. Negotiating skills. There are many negotiating factors, including but not limited to price, financing, terms, date of possession, and inclusion or exclusion of repairs, furnishings, or equipment. In addition, the purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.

5. Property marketing power. Real estate doesn’t sell due to advertising alone. In fact, a large share of real estate sales comes as the result of a practitioner’s contacts through previous clients, referrals, friends, and family. When a property is marketed with the help of a REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally prescreen and accompany qualified prospects through your property.

6. Someone who speaks the language. If you don’t know a CMA from a PUD, you can understand why it’s important to work with a professional who is immersed in the industry and knows the real estate language.

7. Experience. Most people buy and sell only a few homes in a lifetime, usually with quite a few years in between each purchase. Even if you have done it before, laws and regulations change. REALTORS®, on the other hand, handle hundreds of real estate transactions over the course of their career. Having an expert on your side is critical.

8. Objective voice. A home often symbolizes family, rest, and security — it’s not just four walls and a roof. Because of this, homebuying and selling can be an emotional undertaking. And for most people, a home is the biggest purchase they’ll every make. Having a concerned, but objective, third party helps you stay focused on both the emotional and financial issues most important to you. From Realtor.org.

Feel free to call, text or email me with any questions regarding Bullhead City Fort Mohave Real Estate.

                                Bullhead City Fort Mohave Short Sale Litigation Services

How we help with Short Sales

What we do…

Mack Drucker & Watson, P.L.L.C. is dedicated to assisting homeowners obtain approval of a short sale of their residential property. Specifically, we are dedicated to effectuating a negotiated settlement with the lender that results in a written agreement providing a release of the homeowner’s lien(s) so the property can be sold to a third-party. This is achieved through win-win situations for both parties by providing homeowners with options to avoid and stop foreclosure, and by allowing lenders to minimize their losses. We seek to achieve our goals by being the most ethical and professional choice for homeowners. Our endeavor is to make the process smooth, easy, and private while perpetuating honesty and integrity. We endeavor to provide our clients with outstanding customer service, expert knowledge, and unrivaled negotiation skills.

Working with Real Estate Agents & Brokers

Mack Drucker & Watson, P.L.L.C. works hand-in-hand with the homeowner’s real estate agent to achieve the homeowner’s desired result. In so doing, we strive to enhance the real estate agent’s relationship with their client and allow the agent the time necessary to focus on what they do best – representing clients in the purchase and sale of real property.

How it works…

The homeowner’s real estate agent will list the property for sale, handle marketing, contracts, and closing. Mack Drucker & Watson, P.L.L.C. obtains the required documents and financial information from the homeowner, prepares and submits to the lender the client’s short sale package, handles all communication with the lender, waits on hold for hours and processes the short sale transaction. Simultaneously, with client approval, we provide the agent and the client with periodic and timely updates

Short Sale Consultation Service

This consultation service is intended to provide Bullhead City, Fort Mohave homeowners with insight into the residential foreclosure process and the options available to a homeowner that is unable to make their monthly mortgage payments and/or desires to sell their home despite the fact that the sale proceeds will not satisfy in full the existing loan(s).

Services

By way of a personal consultation, the firm will analyze the borrower’s circumstances as it relates to the potential foreclosure of their residential property and provide the homeowner with information as to their available options. To accomplish this goal, the following services are provided:

• Analysis as to whether the borrower should be afforded protection under the Arizona Anti-Deficiency Statutes.
• A comprehensive overview and comparison of the foreclosure process and a typical short sale.
• Information on the long-term financial and credit ramifications of a short sale and foreclosure.
• Discussion of miscellaneous issues that will affect the homeowner’s rights and liabilities should they attempt to accomplish a short sale of their residential property.
• The opportunity to seek in-depth advice on any other questions or concerns the homeowner may have regarding the disposition of their residential property.
• Discussion of the additional services provided by the firm that may be of assistance to the homeowner.

Short Sale Negotiation Service

This service is for those individuals who have made an informed decision to seek a short sale of their residential property.

Services

The firm will utilize its best efforts to effectuate a negotiated settlement with the seller’s lender(s) that results in a written agreement providing a release of the lien(s) so the property can be sold to a third-party. To accomplish this goal, the following services are provided:

• Negotiation with the seller’s lender(s) in an effort to have the lender(s) accept a discounted payoff in exchange for a release of its lien(s) and, potentially, in exchange for full satisfaction of the loan(s).
• Analysis as to whether the seller should be afforded protection under the Arizona Anti-Deficiency Statutes.
• In the event the seller is not protected under the Arizona Anti-Deficiency Statues, we will negotiate with the seller’s lender(s) prior to close of escrow in an attempt to mitigate and/or eliminate the seller’s potential deficiency liability.
• In the event the seller’s lender(s) asks the seller to execute a promissory note in exchange for a release of the liens, we will negotiate with the lender(s) in an effort to have the promissory note reduced or eliminated.
• Assistance is provided to clients in gathering all necessary documents required for the lender to process the seller’s short sale application.
• Assistance is provided to clients should they have questions regarding the completion of the various forms and documents requested by their lender(s).
• Management and protection of the seller’s sensitive personal and financial information and documents, thereby providing the real estate agent security against potential liability for maintaining the seller’s personal information.
• Periodic and timely updates provided to the seller regarding the status of the short sale application. Should the seller so desire, these updates will be shared with the seller’s real estate agent.

Fees

A one-time, non-refundable fee is to be paid upon retention of our services. In the event the firm is successful in obtaining short sale approval, the firm shall be paid a contingency fee for its services, which shall be paid to the firm upon close of escrow and shall be paid through escrow from the funds deposited therein. This fee, which is subject to lender approval, will not exceed 1.25% of the purchase and sale price.

For more information, please contact us today or call 602-778-9900.

http://www.mackdruckerwatson.com/what-we-can-do-for-short-sales.php

Bullhead City, Fort Mohave, Lake Havasu City Az REDC Auction March Homes Sales

  Monday Evening March first REDC held another auction at the River Valley High School. The REDC auction went very smoothly with eleven Bullhead City, Fort Mohave and Lake Havasu City homes being sold. A 3,000 square foot home on Sundial in Sunridge Estates of Bullhead City sold for only $170,000. A three bed two bath manufactured home in Sun Mission Resort in Bullhead City sold for only $50,000 and was listed in the local mls for $94,900. A beautiful 1067 square foot condo in Roadhaven Marina Condominiums Bullhead City Az sold for only $45,000 a $25,000 discount to its mls asking price. A newer 1558 square foot three bed two bath pool home located in Lake Havasu City sold for only $175,000 at the auction. Another pool home in Lake Havasu City sold for only $100,000. A 1639 square foot home, that needed some work, located in Sun Valley Fort Mohave Az sold for only $70,000.

One major thing to remember with any of these homes or the real estate offered at these auctions is that a buyer is expected to complete his/her due diligence; inspections; prior to the auction. Each property is sold “as is” without any inspection period after the auction unlike a normal re-sale home or foreclosure home sale. Both do offer clear title to each property as well as financing to specified homes that they auction. There is also a 5% buyers premium added to the winning bid of the real estate sold at REDC auctions, so if you have a winning bid of $150,000 remember there will be an additional $7,500 or 5% added to that final purchase price.

If you would like more information or assistance on upcoming auctions or on foreclosure properties feel free to send me a message or give me a call.

Selling Your Bullhead City Fort Mohave Az Home Market Update

2010 has begun and Bullhead City Arizona real estate market continues to move in the right direction for recovery.  Although the sales are remaining strong, we saw the median sales price drop to $102,000 in January for single family homes in Bullhead City, Fort Mohave and Mohave Valley compared to $124,000 January 2009.  Part of the reason for the drop is because there are more first time buyers in the market.  

There were 80 homes sold in January 2010 in the Bullhead City Fort Mohave area compared to the 63 the year before (36 home sales in January 08).  This means the market is coming back but it still has a ways to go.  The number of homes going under contract last month was also up (128) compared to a year before (84). 

The bulks (86%) of the homes sold were under the $150,000 price tag.  That’s the perfect price range to the first time buyers trying to take advantage of the $8,000 tax credit.  We expect to see this range heat up even more as we get closer to the April 2010 deadline (to be under contract) and June deadline (to have closed).

 Days on the market remains steady as January average days on the market was 138 compared to January 2010 of 128.  The number of days a home sits on the market before going under contract has improved.  The average last month was 95 compared to the year before of 152.  Keep in mind that the coming tax credit deadline is having a positive impact on the days on market. 

 Bad news, homes price over $150,000 are seeing longer days on the market and fewer sales than homes under$150,000.  As the market continues to recover across the United States we remain hopeful that we will begin to see a return of buyers to Bullhead City Fort Mohave Arizona ready to purchase homes in the higher price ranges.  

February 2010 has started strong.  Our phones are ringing at Country Ranch Real Estate with buyers asking questions about homes on the market in Bullhead City, Fort Mohave and Mohave Valley Arizona.  With buyers searching for homes to take advantage of the tax credit, and the deadline fast approaching, this should rise seller’s hopes that offer they are looking for may be on the way.

Feel free to call, text or email me with any questions regarding Bullhead City Fort Mohave Real Estate.

 Bullhead City, Fort Mohave, Lake Havasu City Az Foreclosure Homes @ Auction Sale

There are two major companies that run real estate auctions in the Bullhead City Fort Mohave and Lake Havasu City areas for Foreclosed homes. They are, REDC; auction.com and Hudson and Marshal; hudsonandmarshal.com.. I recently attended the REDC real estate auction locally on February first and will attend the next real estate auction with them on March first. Both of the auction companies web-sites can be challenging to navigate and challenging to find the exact information needed for buyers looking to purchase an auction home. I would recommend spending as much time as you need searching around on each web-site researching as much as you can for all the information that you will need; or just send me a message.

One major thing to remember with any of these homes or properties offered at these auctions is that a buyer is expected to complete his/her due diligence; inspections; prior to the auction. Each property is sold “as is” without any inspection period after the auction unlike a normal re-sale home or foreclosure home sale. Both do offer clear title to each property as well as financing to specified homes that they auction.

The REDC auction went very smoothly with the Bullhead City, Fort Mohave and Lake Havasu  homes being sold at price points below or well below their mls listed prices. All properties at the REDC auction are sold to the highest bidder with NO RESERVE once the opening bid is met. Hudson and Marshal works quite a bit different than REDC and I would would recommend contacting me regarding any property or home that you may be interested in whether it’s to view the home, questions about the auction process, or to run property profiles for a property. For instance;  one Lake Havasu home sold at the auction Monday evening was sold for cash only due to the code violations for additions not permitted with the city. Another instance; A home I was bidding on on behalf of a client in Fort Mohave at Hudson and Marshal had an accepted offer over the reserve price but still showed on their web-site as active and still accepting bids even though they considered it sold. Another instance; You may have seen the black and yellow signs in front of auction homes in the Bullhead City, Fort Mohave and Lake Havasu City areas advertising an open house for certain dates but on those dates the homes were locked up tight with no one around.

If you would like more information or assistance on any upcoming auctions or properties at these auctions feel free to send me a message or give me a call.

                 Bullhead City Fort Mohave Luxury & Riverfront Homes

Bullhead City Fort Mohave Az and the Colorado River area has been a destination spot for vacationers and retirees alike for many years. Riverfront and Luxury living at its best; with sun filled days on the Colorado River and Lake Mohave; and fun filled nights on the town in the Laughlin Casinos.

Regardless of whether you are looking to retire, buy a vacation home or invest in a home; the cost of high end homes in the Bullhead City Fort Mohave area are at values not seen since prior to 2004. Single family homes sold in the Bullhead City Fort Mohave area were up 62% for the month of December 2009 versus December 2008, and the areas average home sales price has increased 6.3% to $149,920. 2009 finished the year with 33% fewer homes on the market giving us a 4.5 month supply of inventory and a 70% increase in homes under contract.

Deciding to buy a home can be a stressful decision. Will prices slide a bit more? It is hard to say for certain until we can look back and say “yes, that’s where we hit bottom”. The fact remains though from looking at the stats that we may have already hit bottom and actually be beyond it.

Whether you are considering buying a luxury home or a riverfront home in the Bullhead City Fort Mohave Az area remember it’s all within minutes of your front door. Playing golf on one of the beautiful championship golf courses. Boating, skiing, jet skiing, or fishing on the Colorado River or Lake Mohave. Enjoying your your off-road toys in the desert or mountain foothills. The night life of the Laughlin Nv Casinos or just relaxing in your yard and enjoying the beautiful sunsets, casino or mountain views.

For more information on Bullhead City Fort Mohave area luxury or riverfront homes feel free to send me a message or give me a call.

 Standardized Short Sale Process will Benefit Bullhead City & Fort Mohave Home Sales

A couple of years ago the National Association of  Realtors formed a task force to address the concerning issue of the short sale process. Upon completion of its studies the task force issued recommendations to banks and lenders that the process be standardized across the board; with common forms used, fixed time frames be adopted for the various phases of the short sale process.

Finally on November 30, 2009 the U.S. Treasury Department announced Home Affordable Foreclosure Alternatives (HAFA) a program that features; that’s right; standardized procedures, common forms, and fixed time frames.

A borrowers/sellers approval is expressed in a standardized Short Sale Agreement (SSA). The SSA must be good for atleast 120 days inwhich no foreclosure may take place. Within 3 business days of an executed purchase agreement the borrower/seller is to submit a Request for Approval of Short Sale (RASS) which is a standard form. Within 10 business days of receipt of a completed RASS the Lender/Servicer must either approve or disapprove the purchase agreement. The approval can not require  a closing date less than 45 days and again no foreclosure may take place during this time. The most common hang-up that can prevent a successful sale of a short sale home is a junior lien holder. The HAFA has finacial incentives in place to assist these junior lien holders to accept the release of the lien for less than is originally owed to the lien holder.

As we have seen in the past couple of months in the Bullhead City Fort Mohave home sales market is that short sale homes are getting purchase agreements accepted quicker, total time closing durations shortened and a lot less fear of a short sale for every party involved.

If you are considering purchasing a short sale home or foreclosure home and have some questions; feel free to send me a message or give me a call.

If you’re a home owner that’s considering selling and think a short sale may be for you but have questions; feel free to send me a message or give me a call.

Bullhead City Fort Mohave Az Home Buyers Act NOW Before It’s Too Late!!!

The FHA announced today a set of policy changes to take affect including an increase in the required MIP mortgage insurance premium from 1.75% to 2.25%; a change in the down payment requirements for home buyers related to their FICO score as well as a reduction of 50% of the sellers allowable concessions. These changes will go into affect in the spring with no specific date set as of yet.

With the rise in required MIP to 2.25% that means a home buyers bottom line monthly payment will be affected. A home buyer with a FICO score below 580 will be required to have a down payment of at least 10% of the purchase price of the home. Home buyers with a FICO score of 580 or above will still only be required to have 3.5% of the purchase price for a down payment. But with the FHA reducing sellers concessions; which is basically defined as a grant; from 6% to only 3% greatly adversely affects a prospective home buyers ability to buy a home.

With these FHA home buying changes on their way combined with:  The expiration of the $8,000 or 10% first time home buyer tax credit on April 30….Current interest rates near historic lows…. The large inventory of homes both foreclosures and resales currently available for sale… The current home values and affordability…makes this “The Time To Buy A Home”

“Stop Throwing Money Away on Rent and Call Me Today!

Do Not Procrastinate; start searching for your home now. The first thing you need to do is give me a call or send me an email so we can begin with getting your financing in order. Any offer to purchase a home requires a buyer pre-approval letter.

Bullhead City Az Riverfront Homes & Land Colorado River Guidelines

If you’re thinking about buying or currently own a home or a lot along the Colorado River there are certain guidelines to follow for improvements that are regulated by the U.S. Army Corps. of Engineers. The types of activities along the Colorado River requiring authorization and permits from the Corps. include but are not limited to docks, fishing piers, swim platforms, ramps, retaining walls, beach creation/enhancement, excavation/dredging, buoy placement, boat/jet ski lifts and generally any activity which breaches the plane of the OHWM; ordinary high water mark.

Of the few privately owned properties; homes and land along the Colorado River the most common questions of current owners or possible buyers of property include: Can I excavate/dredge along the the river of my property? Can I build a dock and or launch ramp? Can I put in a sandy beach at the shoreline? and May I put in a retaining wall on my property? The answer to all these questions is “YES” but the Army Corps. of Engineers do have guidelines that must be followed and authorized with permits prior to any construction activity. In order to maintain the native shorelines currently undeveloped or minimally developed, and to minimize the cumulative effects of the shoreline and impacts to the aquatic ecosystem; the Corps. may limit shoreline developments.  Click below for specific guidelines and Army Corps. of Engineers contact info.

Colorado River Guidelines

  NOW is the Time for First Time Home Buyers in Bullhead City & Fort Mohave Az

If you have been thinking about buying a home in the Bullhead City Fort Mohave Az area now is the time to take action. The $8,000 first time home buyer tax credit is due to expire on April 30 and is doubtfully going to be extended. The Bullhead City Fort Mohave area has also been seeing a consistent increase in homes sales for several months with many of the homes sold under $150,000 seeing multiple offers. Currently the FHA home loan program only requires 3.5% down payment and with most of the sellers willing to contribute up to that 3.5% towards buyers costs coupled with the current home values buying your first home now makes all the sense in the world.

Do Not Procrastinate; start searching for your home now. The first thing you need to do is give me a call or send me an email so we can begin with getting your financing in order. Any offer to purchase a home requires a buyer pre-approval letter or proof of funding.

Single family home sales in Bullhead City Fort Mohave area were up 62% for December 2009 versus December 2008. Our average home sales price is up 6.3 % to $149,920 with the median sales price dropping 2% from $135,000 to $132,726. December home sales closed the year with a total of 84 single family homes sold for December in which 74% were either foreclosures or short sales.

Lets’ find your home. To get started; give me a call or send me an email to schedule your private consultation Today!