In terms of deciding on a selling price you could either speak to a local Realtor and have them prepare a market analysis for you or you could pay an appraiser to appraise it for you.
While you could sell it yourself it may be worth speaking to a local Realtor and asking if they would handle all the paperwork and oversee making sure that everything that needs to be done to make certain the transaction closes smoothly and on time (such as overseeing the buyers inspections, making certain the lender is doing their thing, coordinating thing between the lender and the closing attorney or title company, helping to resolve any inspection/diligence issues etc would do so for a reduced fee with your buyer.
It's possible your buyer can and will come through, but it's also a possibility that they won't for any number of reasons.... more
Dysart Ranch is one of the newer neighborhoods for Lithcfield Park. I grew up in Litchfield and reside in the Village in Litchfield Park. Old Litchfield Park is a quaint community surrounding the beautiful Wigwam resort. The west valley has so much to offer and is close I-10 and the 101. There is always something to do for everyone from social activities, to cultural and sports. If you have children in school, the elementary, junior high and high schools have been given fabulous marks and reviews. I think it is worth a trip or drive to see what lovely neighborhoods Litchfield Park has to offer.
If you have any questions please do not hesitate to contact me directly. Happy house hunting.... more
I personally have never listed any REO/Bank owned properties, but the ones I have had clients bid or place offers on seem to bi-pass the listing agent and go directly to an online submittal application. Even if they do not go through an online system, I've always received varification that our offer was received. It's the listing agents responsibility to send all offers in to the bank/asset manager for review.... more
Getting the financing in order would be a good first step. I am located in Phoenix. As for foreclosures the agents would be better to give that advise.
If you would like no obligation pre qualification let me know.
The answer is yes, but you must meet certain criterion. If the only hit to your credit report is the short sale and not unpaid HOA fees, slow payments on credit cards or other credit challenges, it take about 2 years before you can qualify for a loan. You will need proof of income, a credit score of at least 620 or more and low credit card debt. If you have other problems you need to get these fixed before starting the clock.
If you had a good credit history of paying your bill on time for a number of years before the short sale, have staid current on all other obligations, and have steady income (job) there are some sellers who will provide owner financing sooner. Generally this is at higher interest rates 6-8% and they prefer a 10-30% down payment, but there are exceptions.
The rates/programs from PMI companies to lenders vary.
Find a banker who was doing "boring" loans during the boom, they will likely have some elevated status with one or more of their PMI companies. It's a pretty sweet deal right now. Some of these preferred rate sheets are 5% more aggressive on LTVs, 20 points more flexible on FICO, and some have dropped the condo distinctions that were really problematic--I'm in Chicago. A lot of condos, not a lot of FHA approvals.
Phoenix still has some market condition overlays--for example, no, you don't get the 90% investor...yet...but the insurers are getting very aggressive again. Brian's point was very balanced--not a slam dunk, certainly not out of the question.... more
If the other borrower is not on title you could go to his or her bank and pay loan in full. But you will need his account number to do so. I have seen it done only once but I would not recommend paying it off if you are not the only one on title.Feel free to call me if you would like