Steve Belt

I'm a:	Real Estate Professional
Company:	Realty Executives
Location:	Scottsdale Phoenix
Web sites:	TeamBelt.com - My Team's Site
	Phoenix Area Real Estate Blog by Steve Belt
Phone:	(480) 215-9490

203 Answers
8 Best Answers
56 First Answers
101 Useful Answers

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About Me

Call me at (480) 215-9490 to discuss how I can best assist you in your real estate needs.

I thoroughly enjoy helping clients meet their real estate goals, and I work hard to create and maintain my Client for Life philosophy. The first step in this process, is in developing a foundation of trust. I don't inflate listing prices to secure a listing, and I don't promise to find that $200,000 property in North Scottsdale that doesn't exist. Instead, I'm honest, open, and direct with my clients. I listen to my client's needs, and then advise them on the best course of action.

When working with buyers, I scour the market to find properties that match their list of wants and hopes. And my services don't end once the new property has been identified. My team will support you in managing your mortgage, escrow, inspection needs. And if this is an investment property, we can help with tenant acquisition and property management.

When working with sellers, I market your home aggressively, to attract the maximum number of buyers. Open House, the 10K Home program, Home Tours, newspaper and magazine advertising, aerial photography, internet listings, etc. are all part of my program to bring more buyers to your front door.

I work full time as a professional real estate agent, so call or send me an email today, to put my expert skills to work for you.

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Steve Belt's Questions (3)

Steve Belt's Answers (203)

I'm trying to sell my home as a short sale to my parents, and then we'll stay there and pay rent until we can

Asked Fri Nov 14 2008, 13:07 by Randy - Queen Creek - Home Selling - 12 answers

Steve Belt answered:

Randy-

I'm not going to sugar coat this. What you are asking for is someone to help you steal money from the bank. I sure hope no one does that. Maybe you don't realize that's what you are doing, but that's it in a nutshell.

A short sale transaction must be an arms length transaction, meaning the buyer and seller don't know each other. Arms length is necessary to avoid precisely what you are trying to do, which is steal money from the bank. - Fri Nov 14 2008, 14:46

How much less than the offer price can you offer on a foreclosed home?

Asked Tue Nov 11 2008, 18:55 by Lisa - Chandler - Foreclosure - 9 answers

Steve Belt answered:

Lisa-

Suggesting a clear and fast percentage of the list price is an almost certain route to failure. What's more important is what the home is actually worth. If it's listed at $150,000, but only worth $130,000, you would be foolish to offer more than $130,000. Likewise, if it's listed at $110,000, and actually worth $130,000, there's no way the bank is going to accept $90,000. Heck they probably won't accept $110,000. The list price in this latter case was probably specifically designed to generate buzz, and lots and lots of offers, where the listing agent knew an offer above list price was going to come along.

My advice: don't worry about how much above or below list price you offer. Worry about the property's true value, your ability to pay, and the property condition in comparison to your ability to make fixes. If you are happy with the value, condition, and location, and you'll sleep relaxed and rested in the home for years to come, that's what's most important. - Wed Nov 12 2008, 11:43

Relocation buyout AZ

Asked Tue Nov 4 2008, 11:33 by Pv2715 - Higley - Home Selling - 6 answers

Steve Belt answered:

I've written about this choice on my blog in the past. It's a complicated decision, and rather than rehash the entire thing, I'm offering a link to my blog. I'm not going to say this post covers everything you should consider in making this decision, but it should at least cover the heavy hitters. - Tue Nov 4 2008, 17:07

There is a house I have my eye on priced at 129k it is owned by Indymac and they bought it at trustee sale for

Asked Wed Oct 29 2008, 12:20 by Ready to buy. - Queen Creek - Home Buying - 7 answers

Steve Belt answered:

What IndyMac paid at auction isn't very important, that's simply the mortgage price they had to buy themselves out of.

The list price is quite a bit more important, as banks are listing pretty close to the price they feel the market will bear, unless they are undershooting the price on purpose. Occasionally they overprice, and you can see that when the days on market gets above 40 days...

The chances of getting a bank owned property for almost 30% less than asking price...well, that's probably pretty slim. Your best bet is to work with an agent that is familiar with the market value of homes in the area you are looking, and only make offers on properties with a fair market value near your purchase limits or below. - Wed Oct 29 2008, 12:56

Suggestions re: NOT having to pay all cash for property. I haven't had to work the last few YEARS (yahoo!

Asked Mon Oct 27 2008, 23:33 by Rick - Phoenix - Financing - 5 answers

Steve Belt answered:

FYI, Stearns bank is currently offering stated income loans for folks with a 680+ FICO score right now. Are you actually making passive income on investments, or what is your source of income to pay the loan back? - Tue Oct 28 2008, 10:43

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