We have new lenders, property management and can represent you as a buyer.
If you would like to sell but just afraid of it not selling, we even offer a 27-day guarantee sale program. I'd love to tell you about the details if you are interested. If you rent the home your rental income will count towards your total income and help qualify you for your next loan. Go with a trusted lender because in our Phoenix market 1/3 of all offers are currently failing.
The first step is to get together and go over your situation. Give me a call and we'll take care of you from there.
Brandon Switzer, MBA
Curtis Johnson Realty
2680 S Val Vista Dr. Bld.5 Suite 122
Gilbert, AZ 85295
Ranked in the Top 50 teams in US by Wall Street Journal
Home of the GUARANTEE SALE program - Guarantee to sell your home or we buy it!
Realty One Group
I am a Buyers Specialist in the East Valley (Tempe, Ahwatukee, Chandler, Maricopa, Mesa, Gilbert, Scottsdale, Phoenix, AZ etc) with over 13 years in Real Estate. I can also help you get pre-approved for a mortgage if needed.
Please feel free to contact me with all your criteria via phone from 9am-11pm, 7 days a week or by email anytime. I can set up a FREE automated search for you to receive new listings via email. It takes just seconds!
John C Johnson "JJ"
Solutions Real Estate
Valley Solutions Team
REALTORÂ®, Buyer's Consultant
Direct (480) 606-2027
eFax 1-(888) 958-2554
On the purchase side, you will want to prepare either a pre-approval letter or proof of funds for the amount you plan to spend on the new home. What are the criteria that you have for your new home?
If you would like to search the MLS with the same capabilities that I have as a Realtor you can do so online on my website at http://www.jenniemillerrealtor.com. This site will you allow to search both rental homes in your area and for sale homes for the new home.
You will need to get with a lender to find out if you can lease out your existing home and qualify for another loan.
I can provide you with a list of qualified lenders to assist in that process.
Once you have done that, we can discuss your needs and wants and get you set up on a custom search and walk you through the process.
Not sure when you purchased your home and in what market that was done.
I'm here to help :-)
Real Estate Professional
Keller Williams Sonoran Living
You will be able to rent your existing home quickly in relation to buying a home. To purchase a home first get pre-qualified with a lender, unless you are buying cash. Then, think ask your Realtor to find you a home in your desired area and requirements. Once you are ready to move out of your existing home and get it ready to rent with paint, touch ups etc you can have your Realtor put the rental home on the market with a noted lease start date for prospects to know the availability.
May I wish you the best and Happy New Year!
Jeff Masich, Realtor, GRI, MBA
From a lending perspective, assuming you are going to want a loan on your purchase property, there are rules associated with these types of transactions. The rules vary depending on the percentage of equity you have in your current home and the type of loan you plan to take out--Fannie/Freddie vs. FHA.
Fannie and Freddie require you to have 30% equity (FHA is 25%) in order to count the income from the rental property. They will also want to see a signed lease agreement and that the security deposit has been deposited into your account.
If you are going to be using mortgage insurance (MI) on the new purchase, the MI company may also require you to have six months reserves for each property.
So, one of the first steps may be to talk to an experienced loan officer to see which rules will apply to you and how to prepare to meet those rules and get pre-approved for your new mortgage loan. I would, of course, be glad to help you in this process.
Bill Parker, Loan Officer
AZ Lic# 09011570
CPA--Licensed, no longer practicing
GenCor Mortgage Inc.
15730 N. 83rd Way, Suite 103
Scottsdale, AZ 85260
(O) 480-525-8496, EXT 743; (M) 602-565-3646; (F) 480-436-5226
MISSION STATEMENT: To create an unbelievably enjoyable experience for my clients, while guiding them through the most important financial transactions of their personal lives. My clients know me as their Mortgage Lender for Life. I truly appreciate your referrals.
If you think it's expensive to hire a professional to do the job, wait until you hire an amateur.
Red Adair, Oil well firefighter
Dave Rose-The Darwin Wall Real Estate Team
1st step is speak to a lender and get fully qualified. 2nd begin searching for a second home and can put your current home for rent subject to you moving out first befor anyone can move in.
Speak to a property management company if you are looking for them to handle the rental and tenants.
Feel free to call or email and we can figure the best plan for you, it's not difficult at all.
I would be glad to assist you with this transition. Feel free to contact me at any time.
David Acamovic Jr.
CENTURY 21 Arizona Foothills
Briefly, we can list your home for rent; and start the home search for your new home.
Please call me at 480-966-9353, or email.
Steffy Hristova, MBA, SFR, RealtorÂ®
Tel: (480) 966-9353 Fax: (602) 507-3703
3131 E. Camelback Rd. #125
Phoenix AZ 85016
The transition to purchase and then rent your home is a smooth transition and I would love to help.
Feel free to contact me so we can format a gameplan that makes sense to your needs!
Anna Selby 602-570-2649