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Home Buying in Deer Valley : Real Estate Advice

  • All50
  • Local Info6
  • Home Buying9
  • Home Selling1
  • Market Conditions6

Activity 9
Mon Nov 18, 2013
Dustin Miller answered:
Although Renting to Own is a pretty popular topic among many 1st time buyers you definitely want to understand the pros and cons of a Rent to Own deal. If the terms are favorable they can be a good tool for both buyers AND sellers.

Also, I'd definitely recommend speaking with a competent agent and maybe an attorney prior to signing any agreement and reading up on some possible pros or cons on a rent to own deal. There's some good resources online that can help you understand some of the key points for a good rent to own deal and also some of the pitfalls. Here's a few examples:

http://money.cnn.com/2009/06/02/real_estate/rent_to_own/

http://newz-wire.com/rent-to-own

http://www.wikihow.com/Buy-a-House-Using-a-Lease-Option

Just make sure you know what you're doing and don't take a seller's word for it if you aren't sure about a deal. This market where many cities have rising home prices would be a time you'd want to set the sale price NOW and not in the future. The opposite is true in a downward trending market. Keep that in mind also.

Good Luck!

Dustin
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1 vote 13 answers Share Flag
Wed Aug 21, 2013
Bianca Bennett answered:
Are you looking to buy a house near to Lowes, or Home Depot?

Real Estate Professional / Prestige Realty
Bianca Bennett / 602-570-7898
Bianca@InvestInArizonaHomes.com
Website: www.InvestInArizonaHomes.com ... more
0 votes 9 answers Share Flag
Sat Jul 20, 2013
Mario Micheli answered:
I work with a lender that can loan again the day after a short sale or foreclosure with 25% down, six months of reserves, and only a 600 FICO. Give me a call to discuss.

Mario Micheli
Nextage Realty Professionals
480-440-0077
LinkedIn Profile: http://www.linkedin.com/in/hiremario
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0 votes 15 answers Share Flag
Tue Jul 9, 2013
Bianca Bennett answered:
Rent to Own could be an option, it really depends on the terms and conditions of the contract.
I could help you get into a contract like that if you would like, please let me know.


Best Regards,

Real Estate Professional / Prestige Realty
Bianca Bennett / 602-570-7898
Bianca@InvestInArizonaHomes.com
Website: www.InvestInArizonaHomes.com
... more
0 votes 8 answers Share Flag
Tue Mar 26, 2013
Stephanie Weiss answered:
In that zip code & price range, I didn't find any properties in the MLS that offer carryback financing.

Also, there is new legislation on seller carrybacks http://combslawgroup.com/is-seller-carry-back-financing-dead/ ... more
0 votes 7 answers Share Flag
Tue Jul 17, 2012
dryheat4plus3 answered:
Thank you all for your input, as for the question about why we weren't working with a realtor, the seller's agency took the home off the mls and wouldn't let us work with our agent. it is a situation where we need this house because of location. ... more
0 votes 9 answers Share Flag
Sun Jul 15, 2012
Jennie Miller, Pllc answered:
Feel free to contact me and I would be happy to work with you. What is the address of the home you are considering? I live very close to Deer Valley and can meet you anytime.
0 votes 3 answers Share Flag
Mon Mar 19, 2012
Joseph Domino answered:
There are several very nice developments with no HOA, or homes that allow RV parking behind a gate in and around Deer Valley. Your agent should be scoping these homes out for you and verifying that you can park there. If your agent is not helping you, dump them and find an agent that gives better service. Contact me and I will set up a specialized search that includes only homes with no HOA or RV parking (or any other criteria you have) within your specified search area.

Oh, and better hurry. 5 weeks is getting kind of tight to find a home and contract for it. Short Sales make up the majority of homes these days and they take longer than 5 weeks.
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0 votes 13 answers Share Flag
Mon Nov 21, 2011
answered:
Have your Realtor hook your fiancé up with the loan officer they trust the most and then have your fiancé apply for a mortgage without you. Word of caution, the lender will not say anything about both of you being on title together without being married, hint: not easy getting a divorce if you aren’t married. Not making a moral observation, just a comment on a business transaction. Make sure you understand what happens if something happens to either of you if you own property together without being married. If you do not take title correctly you may find yourself in a pickle. Good luck,

I create my own problems:
http://www.trulia.com/blog/jimsimms/2011/11/i_cause_my_own_problems

Info on Lease Option or Rent to Own:
http://www.trulia.com/blog/jimsimms/2011/11/rent_option_or_rent_to_own
http://www.trulia.com/blog/jimsimms/2011/11/rent_to_own_continued

Criminal Credit Repair:
http://www.trulia.com/blog/jimsimms/2011/10/credit_repair_can_be_a_crime

Down Payment Assistance in KY:
http://www.trulia.com/blog/jimsimms/2011/03/down_payment_assistance_alive_and_well_in_kentucky
... more
0 votes 12 answers Share Flag
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