Jay Thompson

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  • Real Estate Pro
  • Pro type:
  • Broker
  • Company:
  • Thompson's Realty
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  • (480) 235-4447
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Jay Thompson, Real Estate Professional in Phoenix, AZ
  • 292 Answers
  • 8 Best Answers
  • 96 First Answers
  • 223 Useful Answers
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About Me
Phoenix area husband/wife Realtor team. Specializing in East Valley and land transactions. From the first time buyer to the seasoned real estate investor, we are here to help. No "hard sell", no hassles.
My Q&A View all »
Jay Thompson's Questions (0)
Jay Thompson's Answers (292)
Jay Thompson answered:
Amanda -

Yes, $15,000 is the monthly rental rate. - Yesterday, 21:37

cancel foreclosure.com

Jay Thompson answered:
Richard -

If you are looking to cancel your foreclosure.com subscription, you should go to foreclosure.com. Posting here on Trulia won't do anything. - Yesterday, 10:01

How long does it take a bank to approve a short sale offer?

Jay Thompson answered:
My personal experience is 8 days to 21 weeks.

How's that for narrowing it down?

There is no way to answer this question. It depends on the lender, the loss mitigation officer, the agents involved, the type of loan, whether or not there is a second, the payoff amount, a healthy does of luck, and apparently the phase of the moon. And other factors. - Wed Jul 8 2009, 22:06
Jay Thompson answered:
Thumper -

Good on you for "planning in advance" for retirement! While I'm not sure exactly how you define "short term investment", my only advice there is to be VERY careful. This isn't the best market for short term anything -- it's still way too volatile in my opinion to be thinking short term. Others will almost certainly disagree.

Interview several agents, find one that you "click" with. Trust your gut instinct as it's usually right.

Thanks to you and you wife for your service. - Wed Jul 8 2009, 08:37
Jay Thompson answered:
Ab -

In all my research on the first-time homebuyers tax credit, I've never seen a distinction made based on the type of deed a property is held with.

But, I am not a tax professional and would strongly suggest you consult with one.

Also be aware there are currently 4 bills in the House and one in the Senate that are all trying to both extend the credit, AND eliminate the first-time buyer requirement.

Of course, who knows if any of those bills will be signed into law. But the fact that multiple legislators are proposing changes at least holds promise some changes may occur. - Tue Jul 7 2009, 12:22
My Blog Posts View blog »
My Listings
4368 E Lantern Ct, Gilbert, AZ 85297 4368 E Lant…
$285,000
4 br  2½ ba Listing Web Site
View all 1 listings
Specialties
New and resale residential properties.
Land purchase and sale
Experience
Latest:
Broker / Owner for Thompson's Realty
A boutique brokerage focusing on utilizing technology to provide superior customer service at reduced cost.
February 2008—present
Previous:
Realtor for Century 21 Aware Realty
August 2004—February 2008
Certifications & Awards
Numerous blogging awards for the Phoenix Real Estate Guy blog.
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