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85032 : Real Estate Advice

  • All45
  • Local Info0
  • Home Buying22
  • Home Selling8
  • Market Conditions2

Activity 36
Thu Nov 10, 2016
Scott Godzyk answered:
Set up an appointment with a lawyer, which probably should have been done from the start to check before you signed. It does not sound right
0 votes 2 answers Share Flag
Thu Oct 6, 2016
1951mlk1951 answered:
I live in Canada, purchased and sold many homes over the last 6 years in Arizona.
Never once a problem, had AAA Realtor from day ONE, which does also my property management.
More than recommend her , more than happy ..

Cathy @
Office: 480-892-4940 | Cell: 602-377-3125
Choice One Properties
3234 N. 88th Street
Mesa, AZ 85207

very flexible , easy going, I have nothing bad to say, every..

Marion
... more
0 votes 18 answers Share Flag
Sun Sep 25, 2016
Notthegirlnextdoor answered:
Those long term hotels do not credit check but they are pricey and dicey
0 votes 2 answers Share Flag
Thu Apr 7, 2016
Karen Peyton answered:
At $6,000 your daughter is opting to make a 5% down payment which is higher than the "regular" 3.5% requirement for FHA loans.
Is your question regarding the loan amount, the down payment, or the availability of homes?
Feel free to contact me for information regarding any of these.
... more
1 vote 2 answers Share Flag
Thu Mar 10, 2016
Karen Peyton answered:
The Buyer's appraisal contingency is satisfied when the property's appraised value meets or exceeds the full purchase price of Purchase Contract, without further action of the Buyer.


Your agent should receive updates from the Buyer's lender as the loan progresses through underwriting on the Loan Status Update (LSU) form. In particular, line 55 of the form shows the date the appraisal was received by the lender.

Was your appraised value "less" than purchase price???

If so, the appraisal contingency does kick in and the timing is important - however it is most unusual your agent would not have received notification from the Buyer's agent and/or lender alerting them of this fact.

Tell your agent to call the lender to find out "when" and to also inquire about the Buyer's capacity to complete the transaction without further price negotiation.

Good luck!

K.
... more
1 vote 1 answer Share Flag
Thu Jan 21, 2016
Adam Botticello answered:
Hello Mandavya.

Unfortunately I cannot answer this question for you. I believe your interests would best be served having by this question answered by a tax professional. I would be happy to assist you in getting a proper answer.

If and when you do decide to purchase in Arizona I would love to help you find your vacation home. I will credit you 1/2 the commission the seller pays me at close of escrow.

Seller's will pay a Realtor a commission for bringing a ready, willing and able buyer. This commission is typically 2.5% to 3.0% of the purchase price. We are willing to split this commission with our buyer's 50/50. This means that by working with us you will receive a credit at closing of 1.25% to 1.5% of the purchase price on almost any property in Maricopa County.

Thank you
... more
0 votes 1 answer Share Flag
Sat Sep 12, 2015
Diana Hellman answered:
0 votes 1 answer Share Flag
Thu Jul 16, 2015
Ruth and Perry Mistry answered:
They won't, you will have to work to change it.

Trulia customer service. 1 (888) 466-3501
0 votes 3 answers Share Flag
Sat Feb 21, 2015
Danielle Nicholl answered:
You first need to look around your area and see what is customary. If your home would be the only one in the area not to have a den/office area it might make resale difficult down the road. If you have enough space and room that this would not make the living space feel smaller it might be a real bonus to have a large walk-in closet (they are huge selling points for women).
Go to a few open houses in the area and see what other homes will typically have in the area (and ask the agent what they think)
... more
0 votes 8 answers Share Flag
Thu Jan 1, 2015
Jennie Miller, Pllc answered:
Have you checked with a lender to see if the value of your home has increased above the amount that you owe so that you can do a conventional refinance? If you need a couple of names and numbers for lenders, just let me know and I can send you some contact information. ... more
0 votes 3 answers Share Flag
Thu Mar 27, 2014
Bianca Bennett answered:
If the property is owned by Fannie Mae, Fredie Mac, Chase or Wells Fargo, there is a law that would allow you to stay in the house as a tenant as long as you continue to pay the rent and be a good tenant. Usually a property managemnt will contct you directly to ask you if you would like o stay or you would like to move out. If you are on a monh to month they might give you the option of a year lease, or month to month. Please feel free to contact me if you have any questions.

Residential Real Estate Professional / Prestige Realty
Bianca Bennett / 602-570-7898
Bianca@InvestInArizonaHomes.com
Website: www.InvestInArizonaHomes.com
... more
2 votes 11 answers Share Flag
Tue Nov 26, 2013
Bianca Bennett answered:
Hi,

Were you able to fix this problem? Were you able to rent this property?

Best Regards,

Real Estate Professional / Prestige Realty
Bianca Bennett / 602-570-7898
Bianca@InvestInArizonaHomes.com
Website: www.InvestInArizonaHomes.com
... more
1 vote 1 answer Share Flag
Tue Nov 26, 2013
Bianca Bennett answered:
WAS this problem fixed? Let me know if I can help.

Best Regards,

Real Estate Professional / Prestige Realty
Bianca Bennett / 602-570-7898
Bianca@InvestInArizonaHomes.com
Website: www.InvestInArizonaHomes.com ... more
0 votes 4 answers Share Flag
Tue Nov 26, 2013
Bianca Bennett answered:
I can provide you with a very good real estate lawyer. Are you living in Arizona now?
Best Regards,

Real Estate Professional / Prestige Realty
Bianca Bennett / 602-570-7898
Bianca@InvestInArizonaHomes.com
Website: www.InvestInArizonaHomes.com
... more
1 vote 5 answers Share Flag
Wed Jul 3, 2013
Rebecca Kallhoff Team answered:
Hey Jolene, have you considered buying?
Most of the time, when you buy the mortgage payment is going to be cheaper than what you would be paying for rent.

Also, there are some great programs out there to assist with closing costs and can get you into a home with no down payment!

If this sounds like something you would be interested in, please, don't hesitate to give me a call at 480-275-9566.

Also, you can start searching active listings that may be of interest to you on my website www.rebeccasellsaz.com TODAY!!

PS. I look forward to working with you in the near future!
... more
0 votes 9 answers Share Flag
Thu Jul 7, 2011
Gerard Carney answered:
Take the Refi deal or wait and pay the balloon payment, the value of your property has nothing to do with your obligation on the loan, so treat each separately please, the bank loaned you money, the reason you wanted the loan was the home, ... more
0 votes 8 answers Share Flag
Fri Jan 7, 2011
Alex Inskeep P.C. answered:
Hi "J,"

I'm sorry to hear about your current predicament, however you are not alone. There are thousands of people like you struggling. You are at a cross roads where you are going to have to make some tough decisions soon. Here is what I would do:

1) Contact a HUD approved counselor for your area (link below). They will give you the skinny on whether you might qualify for new loan modification or if a short sale or foreclosure is the option for you. They can work directly with the lender for you on a loan modification and their services are free of charge since they are nonprofits.
2. Contact an accountant or CPA to learn about any tax implications if you go the short sale/foreclosure route.
3. Contact an attorney for legal advice to find out if there will be any deficiencies owed on the property if you go the short sale/foreclosure route.

If you end up having to do a short sale contract a Realtor that is experienced in handling these because not all Realtors are. And remember there are lots of people here that can help ease your anxiety by answering most of your questions. We're here to help :)

www.HomesByAlex.com
... more
0 votes 8 answers Share Flag
Thu Jan 6, 2011
James Wehner answered:
The group here is correct in their advice and options. Although I'd like to add a little more.

Just because your agent is out of town, does that mean he is unavailable to conduct any business? Call you agent and discuss your situation, maybe they can line up a colleague to assist you while they are out of town with viewing the home and anything your agent can't handle remotely.

I've sold dozens of homes while I was out of town and with today's technology, there's no reason any agent can't make it happen for you.

One step at a time, call your agent, have them talk with the listing agent to see what's going on, if there are no offers already submitted to the lender arrange to view the home(sometimes agents leave the listing active while they have already submitted an offer). If you like the home after viewing it, submit an offer and see what happens.

Other than that, you may just be worrying about something you have no control over.

Best of luck!
... more
0 votes 14 answers Share Flag
Tue Dec 21, 2010
Jennifer Dodge answered:
Take comfort in knowing that as they show you properties they are in the same areas as you are. We are there with you. I am a real estate agent and I take my safety very seriously. When showing properties to my buyers we are in this together. I also do not ask my buyers to sign anything before working with them. If they don't like my services they are free to walk away and choose someone else. That way I stay on my toes the whole time to provide the best services I can so they don't want to find another agent. Your agent should help you do your homework without violating any laws or ethics. He/She should be able to point you in the direction of the information you seek. Do you really want to depend on someone else's opinion of what they consider safe? ... more
0 votes 12 answers Share Flag
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