It was once when Arizona was considered the best place to short sale the property
. However, the golden days are over now. One has to work hard in order to make the home attractive for the buyer. If you are one of the victims of the economic crunch that has hit the market then it will surely be a burden for you to pay the mortgage money to the lending institute. You are left with only two options that are to foreclose your home or go for short sale. Short sale in Arizona are really a better option rather than to go for the foreclosures. You sale the home with your own hands and thus know the actual price of your property. In this way, you may get a better profit. In case of foreclosures, bank will owe the property and it will sale it only to recover their lent money. This is surely not in the favor of the owner.
If you have time then you must wait for the buyer to come to you and pay the price as per your expectations. However, it is really a dream because of the world economic conditions. Real buyers are not available in the market and you have to rely on the option of short selling your home. You must not lose hope because short sale may get you really good profit. However, you will have to select a good negotiator in this case. Good Arizona Short Sales will guarantee a good rate against your property. It is must for you to make good research before choosing the real estate realtor if you want to sale your property at good rates.
If you are in urgent need of money then you will find it a better option to short sale the home rather than to foreclose it. Banks do not prefer to take your burden in the form of foreclosures because all their interest is to get their money back. They do not want to hold your property. Most of the times, you will get permission to short sale your home. However, you have to display evidence to prove that the property is owed by you and you are not playing bluff.
Arizona is one of the states providing enough rights to the property owners. The anti-deficiency laws are flexible and are in the interest of property owner rather than the lender. In fact, anti-deficiency law prevents the lender to recover his full money. This helps the owners to get the permission from the lender to short sale their home. Arizona short sale is relatively easier than selling the property in any other state. This is one of the reasons why most of the short sale agreements are made in this state.