Please email me at: firstname.lastname@example.org and I'll send you a copy of the Arizona Seller's Disclosure Statement. Every state has different laws and rules surrounding disclosure - for instance Arizona laws are very different in some respects from those in California. It's always a good idea to know what information a seller is required to share with a buyer. Our general rule? When in doubt, disclose!
West USA Realty... more
I recommend being sure to get an agent with experience. She can help you with pricing your property properly and giving you hints to make the property show better and be more sale-able. Having someone you can trust to give you good advise is very important and then you need to work with your agent. The goal is to get your property sold for the highest price in the shortest period of time. You are paying your agent to help you reach that goal and you need to work together as a team to get it done!... more
It doesn't mean anything. You should only be concerned with the payoff amount of your mortgage(s) and that the sale proceeds will pay that debt. If not, then you need to do what's called a short sale. A Realtor® can provide you with comparables in your neighborhood to help guide you on a realistic selling price. Based on that price recommendation, if the net proceeds will pay off your mortgage then you are fine. If not, then you are in short sale territory.
I am a top 1% producer at West USA Realty - the #1 brokerage in the valley - and have been recognized by The Phoenix Business Journal for my accomplishments. If you'd like to speak to a top valley agent, give me a call to discuss your needs. You can get top dollar in this market, but only if you have professional representation with professional photos, descriptions, and featured listing status. The quality of our listing photos and presentation are unmatched by most listings under $1 million.... more
You can certainly short sale the home. I have handled hundreds of short sales and would be happy to walk through some options with you. Feel free to contact me via my profile and we can discuss this at length.... more
That is an excellent question. In the absence of any specific instructions from you to your agent, an agent does NOT have any duty or obligation to present offers once you have accepted and signed a contract. However, if you have instructed your agent to continue presenting offers, then he must follow your instructions. If he has not followed your instructions, he or she may be in violation of NAR's Code of Ethics as well as Arizona statute.
A good agent will always marketing a property, even when under contract, and will encourage submission of backup offers.... more
You will certainly want to discuss this with your real estate agent so they can guide you in the process. Without know the specifics of your listing agreement and the contract it is difficult to make a recommendation. As a general rule of thumb if your lender hasn't issued an approval letter yet, you don't have a contract at this point. So you should be able to back out.... more
Lindsay, this is a good question. I'll be interested to see the responses. I think some folks in Phoenix still think they are upside down in their current home but dont know what a boom we've had in the last 6 months. We need more listings soon, lots of buyers with only a small selection!... more
I think it depends on your needs... work, school, access to freeways/shopping, hobbies, etc. Best to think about your #1 priorities and then determine which specific city and/or area will meet those needs. There are great homes and great prices all over Metro Phoenix Area. Rates are low and prices are affordable... now is a great time to be looking. If I can assist you in your real estate needs, let me know. Thanks!!... more
Weather wise... a pool is great for cooling off during the summer. Cost wise... depends on whether you want the monthly maintenance (cleaning/chemicals/etc). In Metro Phoenix Area, you have to maitain your pool year round. If that sounds like a burden, you could find a home within a subdivision that has a community pool instead. If you have any further questions, please let me know. Thanks!!... more
Historically, it would be a 50/50 proposition;
you can please half the people....
Lately, the preponderance of evidence would lean toward doing the work:
It seems a great many buyers are stretching it to just buy the darn place; they have no money left over to update it.
In order to combat this, the Lenders have come up with fix-up piggy-back loans and allow the borrower to get up to 125% of the appraised value.
Of the two, the trend is to look for homes with the work already done.
If you can afford it, do it, and do it neutral.
If you can't afford to do it right, don't do it at all.... more