Shanna Day Team Real Estate Blog

Real Estate Agent - Keller Williams Realty EV (AZ) & Keller Williams SLC (UT) - 629265000 & 7238507
(AZ) The Shanna Day Team services the following East Valley Cities in AZ: Scottsdale, Mesa, Gilbert, Chandler, Tempe (UT) The Shanna Day Team services the following Wasatch Front Areas: From Ogden to Provo, from Tooele to Heber



Take a look at these AZ housing market stats - comparing This Year to Last Year (numbers in green).   I'm happy as a clam (yes I did grow up reading Wizard of ID cartoons) that the most significant changes in # of homes sold in the luxury range went up so dramatically and that the Current $/SF r...
For Sale: The U.S.A. Are you a foreign drug dealer, terrorist or one of their extended family members and have pondered for years on how to buy a home in the states AND receive an American visa?  No need to plot any further!  Sens. Charles Schumer (D., N.Y.) and Mike Lee (R., Utah), proposed an a...
Are Escrow Holdbacks Allowedon HUD Homes?Answer: Yes, but there are restrictions.A HUD Home is a foreclosed property conveyed to HUD when the home owner defaults on an FHA loan.   There is a strict procedure for purchasing a HUD home utilizing a bid process.The mortgage portion follows FHA guidel...
Question: We have identified a home we would like to buy but we were told underwriting may require two appraisals.  Why?Answer:  The home is probably a “flip” or in layman terms:  a property that has changed ownership within the previous 90 days.   An investor bought the home at auction or as a s...
Can Builders Lend After A Short Sale?Question:  My clients visited a national builder who insisted that their lender can immediately approve mortgages to previous homeowners after a short sale with lates.  Can they really lend on a home after a short sale? Answer:  Beam me up! Wouldn’t it be awes...
10 Reasons We LOVE VA Loans (yes, I said VA)There are unfounded rumors swirling around the real estate community regarding VA loans:  they are difficult to underwrite, appraisals come in undervalue and the turn times are unreasonable. That is so 2007. Originating a home loan for our Veterans is a...

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