Trulia is not intended to be the adjacent step to making an offer;
The IDEA is that you will contact a Realtor and have them take you through the process.
Your Realtor can filter out, and prepare a CMA for your Short List.
Good luck and may God bless... more
I don't believe the HOA screen's anyone. You might have a landlord do a screening depending. You might get a credit check from the HOA if you choose to purchase. Never seen one do a screening but you never can tell.... more
"Tenants Rights" laws in Arizona generally mean that a lease transfers with ownership change. As with any rule or reg, there can be exceptions.
It's possible that the tenants may want out, or would be agreeable to some sort of "buy out".
A real estate attorney is your best bet to fully understanding the tenants rights.... more
Are both of the "agreements" you signed Agency Disclosure and Elections? Or was one or both of them a Buyer Broker Agreement? If it was an Agency Disclosure, that form informs you about the agency you are due. The Buyer Broker Agreement, depending on the terms you signed and agreed to, may obligate you to pay a fee to your agent when you buy a home, whether or not you used that agent. Read carefully the agreements/ disclosures you signed.... more
The main pros would be generally more of a yard compared to a single story on the same size lot, and in many cases, a little less cost per square foot. The Only real cons would be stairs, possibly higher cooling bills (though not necessarily) and the wonderful sound of children jumping up and down on the floor above you!
Have you been to Anthem? I've lived here 12 years and love it!... more
It depends on the strength and placement of the first offers. There may be contingency deadlines that are close to being due and the current contracts may not be able to meet them. Your agent will call and get the story.... more
For the most part, water is supplied in Anthem by Arizona-American Water Company, though there are a few homes on well water outside the residential developments, A quick search on the internet indicates that Arizona-American is planning to sell the water operations to EPCOR USA in 2012. EPCOR serves Fountain Hills AZ and is another big private water company. There are a variety of "private" water companies (for profit companies) supplying water in AZ. For the most part they are like having city water, but cost per gallon can be higher then city water in say Phoenix.
Once you pick a Buyer's agent, they can help you get answers specific to a given property, or you can call the water company to ask questions.... more
I recently sold a home to a former EPA executive who had the same concern. They alerted their home inspector to search for any signs during the home inspection. The signs are clear and easy to spot, if they know anything about the problem. This specific home showed no signs and the inspector said the drywall did not come from China. The home was built by Del Webb-Pulte. If you buy anything, during the years, this was going on just make sure your inspector checks for any traces.... more
Short sales can take forever and then never happen. The pieces could all come together tomorrow too, you just don't know. 5 months is a long one and still no signatures firming up an offer to a contract, so it could never happen or it could happen soon. Getting real answers is hard, mostly what you get is "it's in process" which means nothing. Good luck... more
This home is located in the Anthem Country Club and has many amenities including
Two Greg Nash-designed 36 holes of Golf, the Clubs feature;
nine tennis courts
two resort-style pools
formal and casual dining
two golf shops
men’s and women’s locker rooms
two fitness facilities with the latest cardio equipment, free weights, and resistance machines.
Additional amentias included in this fee which are located outside the Country club gates; a 64 acre park with tennis courts, indoor and outdoor basketball courts, kid’s skate park, a train,
walking paths, softball fields, volleyball fields, soccer field, picnic areas, fish
release lake, roller hockey rink, and
a skateboarding park.
A community center featuring Olympic pool, water park and children's pool, rock climbing wall, teen activity room, state of the art fitness center.
I am a Phoenix native and a Realtor/Broker for over 25 years, I bought here the day of the grand opening and still love it!... more
This home should rent for approximately $1200 per month, the rental market is very strong in Anthem, and our firm has a full service leasing department which opened at Anthems inception in 1999, we currently handle approximately 140 Anthem rental homes with very little vacancy. Our leasing department has only had two evictions which is amazing. Hans Roersma is the general manager of the leasing department and if you would like to browse the rental information he has available you can go to our web site, click on the landlord and tenant tabs for detailed information - www.PhantomRealty.com
Jacqueline Roersma, Broker, E-Pro, CDPE, CSSN, GRI, SFR and FiveStar Certified
Phantom Realty 623.580.1580 Ext 101
Welcome to Arizona. Things are the same here. HOA fees will go up over time.
May I wish you the best.
Jeff Masich, Realtor
Statistics show that only about 1 - 10 (10%) of all short sales actually close, but I believe that number is higher. A good agent that is a shrewd negotiator and can multi-task should close over 70%.
Are they even worth placing an offer?
Absolutely, if you do a little homework. Before placing an offer, have your agent ask a few simple and basic (but very important) questions of the listing agent:
1. how many loans are involved? If only one, and it was a 'purchase money' loan, then it should be a fairly simple task as long as the seller has a legit hardship. Even if it was an investment purchase, it still has a good chance of getting approved if there's only one loan. Two loans are a different story. If they were part of an 80/20 purchase loan, and with the same bank, then it might not be too bad although it will decrease the chances of approval. If the 2nd loan is a HELOC (Home Equity Line of Credit) and it was taken out after purchase as a loan on the equity of the home, then your chances of success diminish greatly. The reason being this lender does not want to 'roll over' and take just a few thousand dollars to release their lien, which is what the 1st lien holder will try and do.
2. Which banks are involved? Wells Fargo is quick and efficient, and I've closed several short sales with them in just 4-5 weeks. EMC Mortgage, Litton Loan Servicing, Select Portfolio Servicing, Aurora Loans, First Franklin...these are examples of good banks to work with. They are fairly well staffed and respond quick to the agent(s) request for updates and information. Bank of America, on the other hand, is NOT on this list. They are basically overwhelmed at the moment; I was told last week that the week prior they received 400,000 NEW requests for short sales. They are VERY slow to respond to offers and it's not unusual for them to take 12-15 weeks to get a short sale approved and closed, if not more.
3. Are their any other misc. liens on the property? Tax liens, HOA liens, medical/child support liens, etc. These can all hinder the approval process and lengthen it by several days if not weeks, and can sometimes kill the deal entirely.
4. Is the owner/seller cooperative? If the seller doesn't care what happens, and the agent(s) and buyer(s) care more than them, then it's likely you'll have a very difficult time closing the transaction.
5. Who determined the listing price, the bank (pre-approved) or the listing agent? This is crucial. If it's priced too low, then the bank will have a hard time approving the short sale. If it's priced too high, then you run into the problem of it not appraising for the offer amount and maybe overpaying for the property.
6. Look for the ones that say 'Pre-Approved; buyer fell out'. Those should be easier and quicker to deal with if the listing agent knows what they're doing.
You also asked.."if you do place an offer, should it be for the asking amount or lower?"
Have your agent do a market analysis to determine what you should offer. It might be at full list price if the home is priced correctly and in good condition with some upgrades, or you could come in a bit lower and see what the bank says. Always remember...you can always increase your offer and meet the bank's demands for a higher purchase price, but you can't decrease it unless the appraisal comes in lower than your offer. That being said, sometimes the bank just doesn't care what the appraisal says...they want $XXX dollars and they'll either wait until they get it or they'll just foreclose.
In this aggressive market, I'm seeing multiple offers on the good short sales within the first week or two on the market, so it's not unusual for the offers to exceed the listing price by several thousand dollars.
As always, you should consult with a licensed Realtor who can help guide you through the buying process. *remember...by using a Realtor to represent you in the purchase of a home as your 'buyer's agent', you don't pay for that service...our commission is paid by the seller!*
Hope this helps guide you in the right direction!
Century 21 All Star, REALTORS
You did not state nor reference which property you are inquiring about. Besides, you should be addressing these questions to your current Buyer's Agent. If you don't have one yet, you need to get one.
Exclusive Buyer's Agent... more