Property Q&A in Phoenix>Question Details

I, Other/Just Looking in Chandler, AZ

hi. how much is hoa for this unit? what did it sell for? is price negotiable at all? thank you

Asked by I, Chandler, AZ Mon Jan 26, 2009

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This question is about this property: http://www.trulia.com/property/1071676206-3830-E-Lakewood-Pk…

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6
I,

You have a lot of legitimate questions and concerns. To better help you please send me an email or give me a phone call. You can find my contact information on my website.

Thanks...
0 votes Thank Flag Link Mon Jan 26, 2009
thank you again Carlos.
since i m looking into investiment, how much is this unit rented for?
and how much was originally sold for?
also i was looking at that 11,500 list on 33rd place ,search trulia 85048 price low to high
is that a realistic bid price?
thanks :)
0 votes Thank Flag Link Mon Jan 26, 2009
I,

According to the listing agent they had an offfer already on the property, but the buyer cancelled it since he got tired of waiting and bought a foreclosed property. He estimates that this will take 2-3 months for a bank response - but that just a crude estimate. I have been there before and it might or might not be ready within that time frame.

Cash transactions have a very good advantage over financed offers, especially if they can close very quickly. There is 1 assigned carpot per unit on these properties. The unit is currently occupied and those not seem to need any repairs.

Let me know if you will need further help.
0 votes Thank Flag Link Mon Jan 26, 2009
thank you Carlos.
when will the sale be approved by the bank , u think?
do cash transactions/offers have better chances ?
also, is there a parking spot?
does the condo need any kind of repairs or works?
thank you
0 votes Thank Flag Link Mon Jan 26, 2009
I would like to correct one thing, the HOA fee is $117/Mo, the $155 semi-anual is a pad fee.
0 votes Thank Flag Link Mon Jan 26, 2009
I,

HOA for that unit is $155 semi-anually. Current asking price is $75k, but it is a short sale and the price has not be approved by the bank. You can always try to negotiate, but depending on how the short sale is handled you might get several bids, which might (or might not) increase the final selling price.

In addition to that the bank might counter-offer with a higher amount and/or not approve the sale after all. Response might also take several months, 2-3 typical, but it can be up to 6 months.

Please let me know if you will need further details.

Good luck!
0 votes Thank Flag Link Mon Jan 26, 2009
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