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Rosio Robison's Blog

By Rosio Robison | Agent in Goodyear, AZ
  • Doing a short-sale but don't have money to get legal advice...

    Posted Under: Home Selling in Arizona  |  September 9, 2011 9:36 PM  |  132 views  |  No comments

    As a realtor I'm not in a position to provid legal advice.  However, an attorney can advise you about your options and legal liability when doing a short-sale.

    To find out if you are eligible for free or low cost legal assitance contact a legal aid organization in your county or one of the organizations listed at:


  • Is there enough time??

    Posted Under: Home Buying, Home Selling, Foreclosure  |  September 9, 2011 9:25 PM  |  127 views  |  No comments

    Homeowners considering a short-sale often have many questions and one that often comes up is:

    Is there enough time to negotiate a short-sale before my foreclosure?

    This is a myth that probably hurts homeowners the most.  Many do not realize foreclosure is a process, and there is time to make decisions that may result in better outcomes.  The foreclosing party, in most cases a lender, can stall a foreclosure up to the final day of the process.  Today, many lenders will stall a foreclosure with a legitimate contract.  For real estate professionals who understand foreclosures and short-sales, there is time available until the foreclosure process is complete.

  • How much money do you need to buy a house?

    Posted Under: Home Buying in Arizona, Financing in Arizona  |  August 19, 2011 11:44 PM  |  180 views  |  No comments

     As an agent I often get asked this question:  How much money do I need to buy a house?

    Thinking about buying?  Plan for the following:

    Down payment:  Currently, for the most part buyers are required to come in with a minimum of 3.5 percent of the purchase price.  There are scenarios were it could be less (VA loans) or more, however, 3.5% is a safe figure.  

    Closing cost: For the most part, in this market, I’m able to negotiate seller to pay 3% for closing cost.  This should cover most of the closing cost, however, it’s always a good idea to set aside 1% for any remaining closing cost.

     Home inspections are optional: however, I strongly recommend you have one completed by a certified home inspector.  The price of inspection varies but typically ranges depending on size of home, a good estimate is $400.

    Appraisal: determines the value of a property; it’s required in order for your lender to finance your home loan. You can expect to pay for the appraisal upfront, typically ranging from $400 to $500.

    Home warranty:  A home warranty is not required but it’s great to have for those unexpected repairs that might come up.  This can also be negotiated seller to pay; however, you should be prepared to pay for this out of pocket.  Home warranties vary in coverage and price, a good estimate is $450.

    Use this as a guiding tool and once ready to move forward with your purchase you'll be ahead of the game!

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