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85016 : Real Estate Advice

  • All20
  • Local Info0
  • Home Buying4
  • Home Selling1
  • Market Conditions0

Activity 13
Fri May 13, 2016
Karen Peyton answered:
You should "qualify" your question for the best answer.

According to Arizona Regional Multiple Listing Service, the median Sold price of single family detached homes in Maricopa County for the month of April was $245,000. The monthly Market Report is not drilled down to city specific data.

Of "Active" homes currently marketed in the City of Phoenix without qualification of domicile, there are 4,131. The lowest price is $23,500. The highest price is 8,875,000. The average price is $430,161. There is no median data associated with this classification since the information presented represents a "live" stream of information.

Without parameters and qualification of data you have aggregate numbers, which are useless.

Best of luck!
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2 votes 1 answer Share Flag
Tue May 3, 2016
Spirit Matters asked:
In the past, I have used the refinance tool to get quotes from appropriate lenders, but it is not working at all right now. Should I post my question to a forum instead? I'm in Phoenix,…
0 votes 0 Answers Share Flag
Sat Feb 20, 2016
Karen Peyton answered:
You can't list as a FSBO...Oops, I mean a FRBO (for rent by owner). If you have an agent, tell them you want your home to appear on the site. They can post it for you.
0 votes 1 answer Share Flag
Sun Dec 27, 2015
Sally Grenier answered:
Rent to own homes are pretty rare these days. They used to be more common when we were in a strong buyer's market (more sellers than buyers) and sellers would offer rent to own as an option to attract more buyers. However, most parts of the country are now in a very strong sellers market. Sellers want to sell, not rent to someone who may or may not qualify down the road.

Plus, rent to own is never a good option for a buyer. You're typically paying a higher rent, and that money may or may not be going toward your down payment. Plus what happens if you get to the end of your lease, and you still can't qualify? The seller can just keep your money. Why not use this extra money you plan on spending and put it toward paying down or paying off your debts?

I assume you're asking about rent to own because you can't qualify for a regular mortgage (due to credit issues)? You need to figure out what is keeping you from buying now, and fix those issues so you can qualify for a traditional mortgage down the road. Good luck!
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1 vote 1 answer Share Flag
Thu Jun 4, 2015
Karen Peyton answered:

Hopefully you value receiving a search of our local MLS as opposed to 3rd party sites (such as Trulia) where listings are often "phantoms." While most listings appear in MLS, some are not syndicated. And...there are properties that do not appear in MLS at all.
Yes, you can search on your own but if you're looking at yesterday's news, it's a lesson in futility.

Unless you know your way around the purchase contract, disclosures and all accompanying addenda, you are under-valuing agents from a negotiation perspective. That, and the ability to supply comparable values before such "writings" begin.

Assuming you are fully capable of self representation - let's talk about the commission. The listing agent has negotiated it between themselves and the Seller. The listing agent has no obligation to accept less than "all" negotiated, so if you're thinking you can save money..? thinks not.

As a broker who works with investors, I can tell you conversations are about "the money." How much investors have to spend, and how much they expect returned as rental income or range of net profit. "The money" (for investors) dictates location.

Six months is a long time to look, and prices have risen during that time.
If MONEY is not / was not part of the conversation - you will likely "look" longer.

Contact me if you feel I can help.

Best of luck!!


Karen Peyton
Associate Broker, ABR, GRI, SFR, SRES, CSSPE, MRE
Arbor Realty
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1 vote 1 answer Share Flag
Thu Mar 19, 2015
Randy Stoker answered:
All listings featured on Trulia were originally posted by the Realtor who input the data into their respective MLS data base. Contact your Realtor and make the correction there; Trulia will pick up the new data within 72 hours ad adjust their listing information. ... more
0 votes 2 answers Share Flag
Wed Oct 22, 2014
Michael Fabbro answered:
The attached one car garage would change the value approx 4k-10k. It will also depend if it is permitted and done by a professional. Block walls would make the home more appealing but won't change the value of the home dramatically.

Most of the time you can split the cost of the block wall with the neighbor to keep costs down!
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0 votes 3 answers Share Flag
Wed Mar 26, 2014
Bianca Bennett answered:
Are you still looking for a place that includes cable?
0 votes 3 answers Share Flag
Tue Nov 26, 2013
Bianca Bennett answered:
You need to speak with an attorney about this. I have a contact that can help you, please let me know if you would like her contact information.

Best Regards,

Real Estate Professional / Prestige Realty
Bianca Bennett / 602-570-7898
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0 votes 5 answers Share Flag
Tue Nov 26, 2013
Bianca Bennett answered:
I know a really good attorney that can help you. I would love do provide you with his contact information.

Best Regards,

Real Estate Professional / Prestige Realty
Bianca Bennett / 602-570-7898
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0 votes 6 answers Share Flag
Thu Nov 29, 2012
meton_magis answered:
well a pre-nuptial was completely unnecessary,

Arizona statute, it's yours no matter what. Now, I'm not a lawyer, so I'd suggest you talk with a divorce lawyer before banking on that. Really I'd suggest you talk to one anyway. This is a legal matter, not a finance or real-estate question. ... more
0 votes 11 answers Share Flag
Fri Nov 19, 2010
Dp2 answered:
Before racing to call an attorney or putting your congress representatives on speed-dial, you might want to consider some other options. Although many conventional (and some commercial) lenders might not want to deal with you, you do have other options. I have a relationship with some private lenders (and other investors) who might be willing to work with you.

Additionally, you might consider attending several of the REI club meetings in your area. It's possible that one of the other investors there might be willing to work with you. You might consider equity partnering and/or syndicating with another investor.

Furthermore, another option might be for you to use some of your other assets as cross-collateral, or you could borrow against the cash-flow (or some inventory). And the list goes on. . . .

I'm an investor who specializes in commercial real-estate. Please feel free to contact me.
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0 votes 7 answers Share Flag
Wed Feb 17, 2010
Dp2 answered:
Unfortunately, Beentaken, your situation happens more often than you'd think, and that developer has given the rest of us investors--who legitimately like to sell with owner financing--a black-eye.

I agree with the others who recommended that you seek legal council.
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0 votes 7 answers Share Flag
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