As you know, our inventory in Las Sendas is extremely low. We haven’t seen much of anything new in a while. Especially, in the “really nice” range.

However, I have a bit of a pocket deal for you! Yep, a deal in Boulder Mountain… Which is a community located within Las Sendas.

This home is a gorgeous single level home in immaculate condition. It is approximately 2850 sq. ft, four bedrooms, three baths, three garage.

The property has a spectacular private backyard with mountain views to one side. The backyard area of this home also includes a heated pool and spa to keep you cool in summer, and a beehive fireplace and barbecue area to entertain friends by while you stay warm on the brisk fall evenings. The backyard is quiet and peaceful with beautiful views of Boulder Mountain.

The backyard and recreation area of this Las Sendas home

Now, I know I have left out the interior at this point… And, to tell you the truth I have some beautiful photos of this home which will give you a very clear picture of all the amenities this home offers, but its just too much to put into one blog post.

This home is being offered for a ridiculously low price given the prestige associated with Boulder Mountain homes here in Las Sendas. But, again… This market has created some serious deals for buyers and that’s why our inventory remains so low in this area.

Front view of this Boulder Mountain home in Las Sendas

If you’d like to know more or see all the photos from this listing,  Just ask me for the photos or mls data sheet using the question form to the right. I’ll respond quickly and get you all the facts sent straight to your email.

If history is any indicator this one won’t be available long… Inquire now. The address you want to ask about is: 7346 East Red Hawk Street. Do it now before its gone! With inventory low, there may not be another one like this for some time.

No matter where you go in Las Sendas looking for homes your are bound to find some great options. I found this little gem on the MLS just recently.

Its a 2200 square foot 3 bedroom 2 bath home that is simply incredible given the price tag and value of the lifestyle you can create here in a Las Sendas Home! Here is a view from the backyard:

This backyard is phenominal!

This home is located within the Las Sendas homes community itself and is selling for less than 400k… Quite a bit less than 400k to be honest. The price has been reduced and the owner has installed a new floor throughout! All beautiful, plush carpet and gorgeous 18 inch tile.

The kitchen is quite nice as well. In this price range for the space and amenities you could do a lot worse than this Las Sendas beauty. Take a look at the kitchen below:

Granite counter tops and stainless and black appliances make a nice combination.

Deals like this home don’t come along often in this area. Las Sendas has a tremendously low inventory as I write this so don’t expect it to be around long. This home is MLS number 4619481 and you can get insider access by entering your name and email at the top or to the right.

Be sure and contact Las Sendas Homes AZ and ask for me, Ron, for any question on this home or other area homes today! Don’t forget: Insider MLS access is available to you now! GO TAKE A LOOK…

You bet! And… I have an incredible story of how one investor is making a 7.5% return on cash with almost zero risk! Given the market volatility, how happy would you be with a cash on cash return that high?

Let me tell you how this became possible for one of my clients and how you can take advantage of the same type of opportunity going forward.

The Las Sendas home I speak of was in a bit of trouble. So, we were able to arrange for a bank approved sales price of 410k. Now this home was purchased a few years ago at 815k! So as an investor interested in this home, you are looking to take advantage of what Warren Buffet calls a huge MOS or Margin of Safety.

MOS Defined: This is just a fancy way of saying the home is currently well below market highs and stands a strong chance of returning to its former price levels as market conditions improve. In other words the downside price risk is minimal.

Given that the price is so depressed currently, it could certainly be a great home to step into and live for a few years and look to take advantage of future appreciation. But, that wouldn’t create a 7.5% cash on cash return…

Here’s what happened to create the cash flow on this Las Sendas home… We listed the home and had a buyer the very first day on market, however, the original buyer had to pull out because they were unable to finalize the sale of there existing property in a timely manner.

So there we were with a deal that had fallen through. So the team and I had to work to create a new … Read More!

When dealing with the IRS, its difficult to discern right from wrong… In today’s post I want to share an article with you that we just completed on the subject of 1031 exchange or “like kind” exchange.

If you follow the rules of intent and step through the process properly with an attorney or tax advisor you may be able to defer your capital gains regardless of how long you have held a property.

Read more…

Recently, we at Las Sendas Homes Az set out on a major project. We wanted to create video walk throughs for the listings we promote for each and every one of our clients at Coldwell Banker Trails And Paths.

Trails And Paths is our parent brokerage and a franchise of Coldwell, which affords us and our clients a mulititude of advantages when it comes to marketing properties and finding buyers for our clients and customers.

However, in order to take it one step further we began syndicating all our listings to not only the major the home search databases, but to Social Media outlets like YouTube. (See sample video above) And, we just about have all the kinks worked out… We are excited to announce the opening of our very own Youtube Channel designed specifically to house all our listing information!

We invite you to take a look and bookmark our channel here: http://www.youtube.com/user/TRAILSANDPATHS

Be sure and let us know your thoughts by commenting below and contact us with any questions regarding how our new syndication model may help you move your property faster and easier in the current market environment.

Sometimes I think we have people who just like to name market phenomena. For example, we have a new term… “Strategic Default” and I’ll explain what that is in just a moment.

Unfortunately, for the downright miserable, there is not a lot that they can do to rectify their situations. These are the home owners who are now facing a foreclosure. Ideally, they would choose their best option and avoid foreclosure altogether by opting for a short sale in Arizona, but statistics are telling us that 66% of those foreclosed upon didn’t even try going the short sale route!

That statistic is mind boggling to me when a short sale is usually attainable.

But, for the other group… those who are merely frustrated; here’s another statistic that you may find very interesting: FICO researchers have discovered that people with higher credit scores are more likely to choose a “strategic default” over paying on their underwater mortgage.

What? That is a twist, right? Usually, a higher credit or FICO score is an indication of creditworthiness. However, what a higher FICO score is coming to mean is that you are more savvy when it comes to money and finance.

So what is this “strategic default” thing anyway? Basically, a strategic default is a process by which a person who can still afford to pay their mortgage and is not yet behind on their mortgage strategically plans to miss payments and goes delinquent on purpose with the goal of initiating a foreclosure or short sale intentionally to get out of an upside down mortgage situation.

“People making the decision to strategically default tend to be more savvy. Most of the people who walk away from a mortgage are saying, ‘This is not a contract that makes sense anymore.’” – Andrew Jennings of Fair Isaac, the company that created the leading FICO credit score.

And, the funny thing is… Statistics are now showing that the “savvy” people are choosing to go this route!

Today, somewhere in the neighborhood of 66% of mortgage defaults is classified as a “strategic default”. Those strategic defaulters are more likely to stay within their credit limits, use less credit, have low account balances, and historically possess better credit histories that their counterparts who stop or are unable to continue paying their mortgage.

This isn’t a bullish sign for national home prices in my humble opinion, but it does give us another phenomenon to name and it can really be a help to those who want out of an upside down  situation in a somewhat quick and somewhat less damaging way that choosing to allow a foreclosure.

So there it is: “Strategic default”… it even sounds smart when you say it out loud in a dubious sort of way.

No matter your position in the marketplace you must look into the options available to you that will create a more positive future outcome for yourself or your family. Arizona short sales are much less damaging than just walking away from your house and taking a foreclosure.

So whether you plan a short sale (strategic default) or are forced to look into a short sale… Just get the facts on short sales in Arizona before you allow your lender to decide for you.

It’s true. Yes, really it is. Las Sendas and East Mesa area home inventory levels are low.

What do I mean by that you ask? Well, it simply means that there isn’t a great deal of property on the market for sale in this area. And, it’s shocking news for a lot of buyers looking to take advantage of the soft market. Some who find themselves now looking to pick up the perfect or ideal home at record low prices are finding it difficult to do so at present.

In the last year, active listings in the Las Sendas and East Mesa area have dropped anywhere from 25% to 50% (depending on the zip code you choose to investigate) creating an “interesting” situation for buyers as you can imagine.

Deals on Las Sendas Homes like this one may soon be a thing of the past.

For many real estate brokers, including myself, we see this creating a classic “supply and demand” scenario. As I am sure you know… When demand is constant as it has been in Las Sendas and a constraint is put on supply like low available inventory; prices are effected. The effect in this case is that I see prices bottoming and potentially turning the corner.

THIS IS NOT GOOD NEWS FOR FENCE-SITTERS WAITING FOR A GOOD DEAL OR THE PERFECT HOME!

Unless… Those same fence-sitters don’t mind paying up for the same house going forward.

This price action can almost be guaranteed when supply is constrained as it is now. Does that mean the national markets are bottoming and in turn around mode? No… I’m not arguing that. You have to remember that real estate markets are largely a local phenomenon. I am simply arguing that the current state in Las Sendas is pointing to a bottom and potential turnaround unless and until more sellers decide to list their homes.

But here’s the catch 22… If prices are stabilizing and home owners see that they can hold there properties and eek out a few extra dollars buy selling at some point in the future they may decide to do just that! Then, you have a market that becomes self actualizing. That is to say that sellers who may be considering listing their home may decide to wait due to the lure of a bigger pay day upon evidence that a higher price can be attained in the near future. This of course, would lower inventory that much more and begin to push prices a bit.

I certainly don’t have a crystal ball, but if I were looking to buy a Las Sendas home today in East Mesa I wouldn’t wait around.

Just give me a quick call if you have questions. I can be reached here on the contact page.

Look forward to speaking with you – Ron.

It’s not just a clever song lyric from The Clash… Its the question many homeowners are asking themselves when they are upside down on their mortgages… The video below showcases two Vegas couples as they consider foreclosure and short sale options.

If being upside down on your mortgage to the tune of 200k doesn’t phase your outlook on what you can build for your financial future, then yes by all means you should stay in your home.

It seems that really this is a question of responsibility. These home owners are assuming responsibility for their call to buy in a heated market. That is understandable. I was raised in a conservative household and responsibility is not lost on me.

However, who should these families be responsible to? The lenders or their families?

No one has been more irresponsible than the lenders themselves. They have taken bail out money in an effort to salvage their balance sheets from the Federal Reserve when they should have been allowed to fail. That is what capitalism is about. But, they have been propped up in a phoney financial system.

Then, with the bail out money they received, they didn’t loan back into the marketplace as was their mandate… They loaned it back to the government at interest! They are now able to show profits for their shareholders on taxpayer funds that they received from Uncle Sam.

How then can a home owner be held to a standard of “responsibility”? I feel that the upside down home owner should show responsibility to their families and do what is best for their financial future. The government is protecting the banks, but who is protecting you?

One popular way around this dilemma is an Arizona short sale… If you are considering your options you owe it to yourself and family to look into a short sale as a means to avoid foreclosure or debt overhang from this market collapse. And, yes… Short sales are happening in Las Sendas!

Read this article: http://www.lassendashomesaz.com/las-sendas-short-sales/ then be sure and let me know what you think below!

When you think of people in financial trouble or people who may be over leveraged on their home loan,  Am I right?

I mean, its easy to look at a community like Las Sendas and assume that these people have it all figured out. After all, most of the population here is doing pretty good financially… or so it would seem on the surface.

Large homes are definite candidates for short sale in Las Sendas...

The fact is I have seen the numbers. I know that the majority of home owners who bought 5 or 6 years ago are upside down and could possibly lose their homes REGARDLESS of where that home is located. Las Sendas is no exception to the rule.

These homes are in danger of foreclosure. One way of avoiding the foreclosure process is by using a short sale.

Nearly 70% of Arizona home owners are upside down on their mortgages and while the percentage in Las Sendas may be slightly lower, many short sale transactions are being closed in our community.

If you find yourself in this position, you owe it to yourself and your family to explore your options. So, I want to share an article that one of my agents, Lorraine Ryall, prepared for you to read that explains why Las Sendas short sales can actually be a benefit to the community. Be sure and read it, the contact me for more information.

From the Las Sendas Homes area: Let’s face it… The internet has been a wonderful addition to the world of technology, but what is the real benefit to real estate?

Well, if you have been looking for property online, your initial answer may be “NOT ONE THING”! And, I have to say… I don’t blame you one bit for thinking that way. Take Las Sendas for example; the low barrier of entry to the internet gives anyone with a few bucks the ability to throw up a website and put some content online. And, in searching “Las Sendas Homes” on Google you can see evidence of this in many of the results. A lot of them are just listings or self promotional real estate garbage. Very little real value is provided.

Further, you may notice that the web has done a sinister deed. Let me explain. You see, in the past, a news or information source would have a certain amount of trust and reliability associated with it. When you think “Wall Street Journal” do you think of amateurs? No! You think professionals with their livelihood on the line when it comes to reporting the days events.

But, when you see a myriad of websites put up and owned by anyone and everyone, I doubt very seriously that your first thought is “This must be reliable information… After all, its on XYZ.com.” That is laughable! Or it would be if it weren’t so true, right?

In reality, the internet has done a lot of good in leveling the playing field… But has also done a great disservice by instilling the fact that much if the information found online is not trustworthy or reliable. Its a double edge sword for sure and I have seen a great many come into the Las Sendas homes niche online with similar ideas. Yet, most lack the authority and respectability of a true valuable resource.

At Las Sendas Homes Az .com, the mission has been to provide useful and valuable tools which can make your life as a consumer or member of the community better for having visited our site. In addition to all the article and posts, maps, and school information that we have made available free of charge, we also offer a free Las Sendas homes tour. It is available to you now by simply entering your name and email in the spaces provided at the top and to the right on this page.

The great thing about the Las Sendas homes tour is the fact that it is teeming with up to the minute real time data! Again, this tool separates itself from the vast majority of search tools out there by actually pulling the live Arizona MLS data straight into the service. When you use one of the major search sites, you run the risk of wasting precious time on listings or data that may be outdated or even removed!

Why not take a peek? Opt in and see for yourself what is happening in your neighborhood. You risk nothing and could gain a new perspective on what quality information looks like in the Las Sendas homes area.