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Home Buying in 85204 : Real Estate Advice

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  • Local Info0
  • Home Buying12
  • Home Selling0
  • Market Conditions2

Activity 7
Thu Mar 31, 2016
Jean-Leon Magnotto answered:
I depends on how the contract is structured, so it is impossible to say from just this info. Often, they have strict forfeit policies if payments or missed, or terms are not met. Hope this helps, good luck! ... more
0 votes 1 answer Share Flag
Fri Apr 10, 2015
Jim Mitchell answered:
Hello Lorraine. I just wanted to follow-up on your post here in Trulia and see if you found a home. I searched those three zip codes you provided and found ten 'Active' listings that are at least 3bedrooms/2bathrooms and NO HOA, all under $180,000 and all appear to be FHA-ready.

Here's the MLS link to those ten properties:

http://www.flexmls.com/link.html?154zx1i9zxum,12,1

Unfortunately, the least expensive home listed in 85233 or 85234 at this time in an area without an HOA is $199,900.

The market is doing quite well at the moment, so if you're still in the market for a home, feel free to give me a call or send me an email....I'd love to help you find the perfect home for your family!

Thanks!

Jim Mitchell
Realty ONE Group
Jim@TheAZRealtor.com
PH: 480.231.6769
... more
0 votes 4 answers Share Flag
Fri Mar 13, 2015
Diane Christner answered:
A seller can list a home for whatever price they wish, whether it is in line with sold comps in the area or not.

A buyer can write an offer on a home for whatever price they wish, whether it is in line with sold comps in the area or not.

The seller will then accept, reject or counteroffer the buyer's offer.

Perhaps you need to find an agent to work with that understands the concepts above.
... more
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Fri Jan 31, 2014
Russ Wald answered:
"Ozzy"
Michael Anner
NMLS# 248597
NationsChoice Mortgage
(480) 222-8888
www.MichaelAnner.com
MichaelA@AsmartLoan.com
Russ Wald
West USA
rwaldrealty@gmail.com
www.azmrlister.com ... more
0 votes 8 answers Share Flag
Tue Sep 18, 2012
Charlie & Rhonda Walters answered:
Hi,
If you want to avoid "getting burned" you should try to buy as soon as possible. Currently the SE Valley market inventory is low and prices are increasing rapidly. How long that will continue is unknown but in a year you may have already missed a great opportunity. I suggest you stop paying extra toward the existing home to allow you to save up more for your down payment. You can always resume that plan when the time is right. As far as qualifying I would need more info about your current rental before I can accurately advise you. If it has been a rental for a while or you have other landlord experience you may not have to fully qualify for both payments. In some cases a spouse can qualify on their own to purchase a home so it depends on your situation but it may be a benefit for your wife to buy on her own. Mostly these are qualiying debt to income ratio questions your asking. A knowledgeable lender is where you should start and you should determine that as soon as possible. You may be pleasantly surprised at what you are capable of doing. That way if you need to wait you will be able to strategize for the future to be sure you employ the best possible scenario. I'd be happy to answer all your questions and help you figure out what's best. Dial me up!
Charlie
602-577-1111
charlie@charliewalters.com
... more
0 votes 5 answers Share Flag
Mon Sep 17, 2012
Charlie & Rhonda Walters answered:
Hi Jack,
Normally when a construction loan funds money will be dispersed for the payoff of any existing leins (seller carryback) plus some money for the first stage of construction. So the seller carryback in and of itself won't affect your construction loan. Construction loans are pretty difficult to get in the current very conservative lending environment. I suggest you contact some lenders before you buy the lot to be comfortable you'll be able to do what you want once you own it. A carryback is a loan that you'll have to pay back and that means some form of payment. Since it is uncommon to be able to get any income from vacant land (like from renting it out as you could improved real estate) its more important to do your due diligence to be sure you don't get stuck with an alligator.
Call me and I'd be happy to discuss what you need to look for and what questions to ask a lender.
Good luck!
Charlie 602-577-1111
... more
0 votes 8 answers Share Flag
Mon Sep 17, 2012
Dennis R. Tinberg, Pllc answered:
There are two types of second homes: 1. Investment, 2. Vacation. You are descripting an investment house. A second home would be property you pruchased for example in Flagstaff. Investment houses require a greater downpayment in insure the buyer has equity in the property. ... more
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