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?
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.
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.