Exploring the Opportunities of Short Sale Real Estate Deals in Scottsdale

Exploring the Opportunities of Short Sale Real Estate Deals in Scottsdale

Exploring the Opportunities of Short Sale Real Estate Deals in Scottsdale


If you’re the kind of person who is always looking for a deal or wants to get into the Scottsdale area real estate market at a reduced price, consider buying a home on a short sale. A short sale occurs when the property owner is in financial trouble and sells their home for less than what they owe on the mortgage. Buying a home in this manner allows you to get one for a significantly lower price than you would through a traditional home sale.


Short sales allow owners and lenders to extricate themselves from a difficult financial situation. They differ from foreclosures in that the seller initiates the proceedings. On the other hand, a foreclosure is a legal proceeding started by the lender to recoup losses from an unpaid mortgage.


Short Sale Advantages and Disadvantages

When done correctly, buying a short-sale home in Scottsdale or one of its adjacent communities means you would own the luxury home of your dreams for tens of thousands of dollars less than its actual worth, sometimes even more. These homes can make excellent investments for the right buyer. Many residences in our area have been lovingly maintained, making them less risky than short-sale homes in other areas.


However, as a potential short sale buyer, you should know the drawbacks of buying a short sale home. The process can become long and drawn out, increasing the riskiness of the transaction and negatively impacting buyers. A short sale usually takes longer than a traditional home sale because the lender will attempt to recoup as much money as possible in the transaction. Short sales are sold “as-is” without typical seller disclosures, so the home’s condition and quality are unclear. You’ll also need to do a lot more work upfront to determine the home’s value and other necessary information to determine whether the purchase is worthwhile.


The Holm Group’s Recommended Short Sale Task List

Whether you are an investor or want to get into that special home, we recommend should do the following to make the short sale process easier.


  1. Find potential short sales in your target area. You can find short sale houses by searching online, looking through public courthouse filing or working through a qualified Realtor like The Holm Group.
  2. Research home values to get an idea of the price of comparable homes by reviewing recent sales in the area.
  3. Visit the home to assess the property’s quality and get a sense of how much you’ll need to fix it.
  4. Sort out liens and other outstanding items with the lender. Before committing yourself, double-check this information by asking a title company to do a title search on the property.
  5. Prequalify for a mortgage. While obtaining preapproval before making an offer is always beneficial, it’s more important in a short sale, as you can prove to the lender that you can purchase the short sale property.
  6. Present papers and make an offer. Use your research to make a fair offer, keeping in mind that the lender wants to recoup as much of the remaining mortgage balance as possible. The lender likely must meet investor guidelines to accept the offer. Be prepared to negotiate and determine the maximum you’re willing to pay.
  7. Get a home inspection. Even though you won’t be able to negotiate a lower purchase price if there are problems with the property, you should know the home’s actual condition before you decide to close on it.
  8. Close on the property. After the lender has accepted your term, you must ensure that the lender and other lienholders are willing to release the collateral. The more lienholders there are, the longer the process can take.


The experienced Scottsdale area real estate agents at The Holm Group can help you find short sale houses and help you navigate the process. Contact Andrew today started by calling 480-206-4265.




Tips for Adding an Industrial Feel to Your Home’s Exterior

Tips for Adding an Industrial Feel to Your Home’s Exterior

Tips for Adding an Industrial Feel to Your Home’s Exterior


As people transform more and more old factory spaces into living spaces, the popularity of industrial style and aesthetics have taken off. If you’re a homeowner considering adding an industrial feel to your home’s exterior, we have the perfect list of the changes you can make. Use the ideas below to turn the outside of your home into a modern industrial design.

Embrace Industrial Materials

When you want the industrial exterior of your home to look realistic, you need to embrace the materials of this aesthetic. Materials such as exposed brick, reclaimed wood, corrugated metal, concrete, and iron all bring the industrial style to life. Combine these materials and use them on the exterior of your home to create a more rustic feel. Don’t be afraid to leave outside piping and construction exposed to enhance the industrial look.

Pivot Front Door

Did you know that you can be mindful of Feng Shui while designing your home’s exterior? Feng Shui is a Chinese practice that uses your home’s energy to harmonize with the environment; your front door is a perfect example of this! In terms of Feng Shui, your front door symbolizes how opportunity comes into your life. Pivot doors encompass the industrial feel and provide excellent energy for your home’s aesthetic. Incorporate them correctly, and you can create a mechanical yet functional and comfortable space.

Cable Railing

When  adding an industrial feel to your home’s exterior, you should consider getting a cable railing system to build onto the style and design. Skip the wooden rails on your deck or leading up to your front door and replace them with cable rails for a more modern feel. The cable will add to the style and be easier to maintain and clean for an Arizona homeowner—installing these rails is a no-brainer!

Iron Hardware & Fixtures

One of the best ways to improve the quality of your home’s exterior is to update the hardware and fixtures, such as outdoor lighting, windows, and door handles. Consider replacing your current outdoor fixtures with wrought iron to add more industrial characteristics. The more industrial and modern elements you add to your home, the more the design and style will come together.

Achieving an industrial style for the exterior of your home is easy to accomplish if you know what materials to use. Remember, exposed brickwork, piping, and ductwork are the core components of the modern industrial aesthetic. You don’t have to make each of these changes immediately—consider saving money by making small alterations over time.

Keller Williams, 72SOLD form strategic partnership

Keller Williams, 72SOLD form strategic partnership

Just Announced..

Keller Williams, 72SOLD form strategic partnership


Keller Williams, the world’s largest real estate franchise by agent count, has entered a strategic partnership with 72SOLD, the leading home selling program in America.

Founded by Greg Hague, an Arizona-based attorney and real estate broker, 72SOLD has an advanced home sale process that is more convenient for sellers, increases their sale price and provides more control over closing and move dates.

Through the partnership, Keller Williams agents across the U.S. and its international regions will gain access to the 72SOLD program.

“We’re excited to partner with Greg and the 72SOLD team, which has systematized a home sale model that delivers, driving a powerful experience and strong results for home sellers,” said Gary Keller, executive chairman, kwx, an integrated home experience company. “With this partnership, our agents have the opportunity to further scale and fuel their success.”

Since 2020, more than 8,900 homes have been sold using the 72SOLD program. On average, sellers who used this program had a median sale price 10.9% above the MLS median, according to 72SOLD.

“Partnering with Gary and Keller Williams is the opportunity you dream for,” said Greg Hague, founder, 72SOLD. “We currently dominate the Phoenix, Arizona market and the demand for 72SOLD services has expanded rapidly across Arizona and a multitude of U.S. states.”

“And, to fully embrace opportunity, we’re partnered with KW to rapidly scale our offering across the globe,” said Hague.

72SOLD is headquartered in Scottsdale, Arizona, and its services are available to consumers to date through more than 500 local cross-industry real estate agents in 38 U.S. states.

Austin, Texas-based Keller Williams has more than 1,100 offices and 200,000 associates. The franchise is also No. 1 in units and sales volume in the United States.

Since 1983, the company has cultivated an agent-centric, technology-driven and education-based culture that rewards agents as stakeholders.

Visit kwx.kw.com.

72SOLD developed a new, more advanced way to sell a home that maximizes competition among buyers and creates an atmosphere of scarcity, fear of loss and opportunity to enhance a home’s sale price over the traditional method. The program also eliminates the inconvenience of daily showings, and gives sellers more control over their closing and move dates. 72SOLD’s home selling program has been featured on ABC, CBS, and NBC News, showcased in Forbes and received several U.S. trademarks.

Visit 72SOLD.com.

For the full article go to: https://yourvalley.net/stories/keller-williams-72sold-form-strategic-partnership,307884

Desert Sky Development

Desert Sky Development

Desert Sky Development


The motto “Where Quality Feels at Home” epitomizes the high-end residences constructed by Desert Sky Development. This luxury home developer constructs only two to four homes per year so its designers and craftspeople can produce the best possible residences in some of the Valley’s most prestigious communities.


Brothers Charlie and Mike Frat established Desert Sky Homes in 1992 and over the years developed a unique hands-on approach whereby the company’s in-house team manages the entire design and construction process. This approach, along with attention to detail and unparalleled customer services has not only made Desert Sky the builder of choice for many satisfied customers but also resulted in multiple local magazines and journals naming the company as one of Arizona’s top custom home builders.


Fulfilling Your Visions and Dreams

Desert Sky believes in concentrating on such a small number of homes per year because those who want outstanding custom homes invest a lot of time and emotion into creating the residence of their dreams. Buyers deserve to find a builder that is as dedicated to the process as they are.


Every Desert Sky custom residence includes quality features such as:

  • Natural stone floors and tile
  • Oversized kitchens with granite counters
  • Entertainment centers with multiple surround-sound systems
  • Complete security systems
  • Intercom systems
  • Ample storage spaces
  • State-of-the-art air conditioning and water heaters
  • Central vacuum
  • Upgraded electrical systems
  • Computer/cable ready ports
  • Custom swimming pools and spas
  • Full landscaping


Committed to Green Construction

Desert Sky Development was one of the first builders to sign onto the Scottsdale Green Building Program developed in 2004 to reduce energy consumption as well as the environmental impact of buildings during and after construction. The Frat brothers had already begun incorporating environmentally conscious and energy-saving features into their projects even before the project was announced. Not only do these homes have the highest quality amenities, they also incorporate energy-saving appliances, water-conservation features and desert landscaping to minimize environmental impact.


Building in the Valley’s Most Prestigious Communities

You’ll find custom homes by Desert Sky Development in some of the Valley’s most prestigious communities. These include:

  • Silver Leaf
  • DC Ranch
  • Desert Highlands
  • Eagle Ridge at Fountain Hills
  • FireRock
  • Rancho Trinidad
  • Quail’s Nest
  • Sierra Hills
  • Stonegate
  • High Point Ranch
  • Grayhawk Serenity


Custom Homes For Sale

102 matches found

10320 E MOUNTAIN SPRING Road, Scottsdale, AZ 85255
View Photos (57)
# of Bedrooms: 4
# of Bathrooms: 4.5
Year Built: 2010
Subdivision: Silverleaf at DC Ranch
Description: Indulge in refined living at this exceptional Santa Barbara-style residence...
Last Updated: November - 30 - 2023
5800 N ECHO CANYON Lane, Phoenix, AZ 85014
View Photos (26)
# of Bedrooms: 3
# of Bathrooms: 2.5
Year Built: 1982
Subdivision: ECHO CANYON
Description: Rare opportunity in the highly sought after Echo Canyon gated community. Ne...
Last Updated: November - 30 - 2023
11547 E DREYFUS Avenue, Scottsdale, AZ 85259
View Photos (76)
Open House (12/02/2023 - 12:00 pm)
# of Bedrooms: 5
# of Bathrooms: 5
Year Built: 2002
Subdivision: ANCALA WEST
Description: STUNNING CAMELBACK VIEWS. Welcome to your dream home with breathtaking city...
Last Updated: November - 30 - 2023
28729 N 107TH Street, Scottsdale, AZ 85262
View Photos (15)
# of Bedrooms: 4
# of Bathrooms: 5
Year Built: 1998
Description: Welcome to this contemporary home with fabulous mountain views and city lig...
Last Updated: November - 30 - 2023
10139 E Phantom Way, Scottsdale, AZ 85255
View Photos (81)
Open House (12/02/2023 - 1:00 pm)
# of Bedrooms: 4
# of Bathrooms: 4.5
Year Built: 2006
Subdivision: Silverleaf at DC Ranch
Description: Exquisite Silverleaf Verandah home right on Acacia Park in ''Parks at Silve...
Last Updated: November - 29 - 2023
# of Bedrooms: 4
# of Bathrooms: 4.5
Year Built: 1999
Subdivision: Troon Village - Glenmore
Description: Stunning Salcito Custom, Santa Barbara style home with beautiful panoramic ...
Last Updated: November - 29 - 2023
13613 N 76TH Street, 68, Scottsdale, AZ 85260
View Photos (49)
# of Bedrooms: 6
# of Bathrooms: 5.5
Year Built: 2020
Last Updated: November - 29 - 2023
4016 E FLYNN Lane, Paradise Valley, AZ 85253
View Photos (39)
# of Bedrooms: 4
# of Bathrooms: 3.5
Year Built: 1972
Subdivision: LINCOLN HEIGHTS 1-7,9-11,26-30,45-52 & TR A
Last Updated: November - 29 - 2023
# of Bedrooms: 2
# of Bathrooms: 4
Year Built: 2001
Description: SW Contemporary, Private Red Rock VIEW Property boasts HORSESHOE Design w/h...
Last Updated: November - 29 - 2023
# of Bedrooms: 5
# of Bathrooms: 3.5
Year Built: 1987
Subdivision: CACTUS VILLAS
Description: This Sonoran paradise on a private cul-de-sac welcomes you with a desert la...
Last Updated: November - 29 - 2023

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Technology That Improves the Way We Buy, Sell and Use Our Homes


Technology That Improves the Way We Buy, Sell and Use Our Homes

Technology That Improves the Way We Buy, Sell and Use Our Homes

Over half of real estate firms are successfully embracing new technology in  the property industry.  As well as increasingly using social media, brokerage and listing websites, two thirds of agents cited MLS (multiple listing service) websites and apps as one of their most valuable tools. With more than 80% of homes sold having been listed on MLS systems, they are also proving beneficial to house purchasers. As well as infiltrating the process of house buying and selling, technology is increasingly being incorporated into homes, improving their quality and making them more attractive to buyers.

Enhancing Home Management

By next year, it is anticipated that nearly 60% of homes will include at least some form of smart technology. The rise in the popularity of home technology is largely due to the fact that gadgets can improve the way we live in our homes, by saving time, money and energy. In addition, when it comes to selling a home, buyers are impressed by automatically controlled lights, responsive thermostats and wireless entertainment systems. Recent analysis has also found that smart technology could increase a property’s value by up to 5%, which is good news for sellers.

Simplifying Searches and Viewings

As well as increased digitization making it easier to find properties online, viewing homes is also enhanced by advances in technology. Using virtual reality, potential buyers are able to tour a property at any time of day and from anywhere in the world. Around 70% of house purchasers view images online before taking a physical tour. This makes the buying process more efficient, enables clients to engage more thoroughly with a property, and allows agents to save time and money.

Automating Mundane Selling Tasks

This is also true of other technology such as advancements in the previously time-consuming tenant screening process. Now agents can use online data to quickly cross-reference criteria in order to pick a suitable tenant for a property. When technology automates routine tasks in this way, it allows agents to concentrate more on marketing properties and closing deals quickly and efficiently.

Gadgets and smart technology are not only improving the way we manage our homes, they are also making it easier to sell a property by adding value. When combined with technology that simplifies a property search and streamlines a realtor’s working day, the whole real estate cycle is enhanced.