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Home Buying in Phoenix : Real Estate Advice

  • All2K
  • Local Info158
  • Home Buying926
  • Home Selling101
  • Market Conditions70

Activity 999
Fri Apr 10, 2015
Korene L. Clopine-Seaman answered:
Mary, there are a number of good answers here. As a Mortgage Banker, I would answer your question this way, Depending on your personal situation, I have 4 programs that would fit your needs and help you get the work done.
(1) there is the FHA 203K which has a bit better interest rate coupled with mortgage insurance payments that may not be what you want.
(2) the conventional renovation loan...little higher interest and less restrictions
(3) a historical property renovation.. more restrictions than the other two
(4) an equity harvest

What ever program works best for your situation, needs, and wishes, I can help you finance. Call me at your convenience.
Check out the Seven Steps of a Mortgage
Here is Step 1

Step 2

Step 3

Step 4

Step 5

Step 6

Step 7

Call 623-340-0934 today to discuss your purchase, refinance, or mortgage options

Call 623-340-0934 today to discuss your purchase, refinance, or mortgage options.
Korene L. Clopine-Seaman
Branch Manager / Senior Mortgage Banker
NMLS: 218520 AZ: LO-0916745 CA: DBO-218520
Mortgage Website:

Text Korene to 87804 for my electronic business card.

Geneva Financial, LLC
15396 North 83rd Ave, Bldg F Suite 101
Peoria, AZ 85381
NMLS: 42056
AZ BK-0910215
Equal Opportunity Lender
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0 votes 7 answers Share Flag
Fri Apr 10, 2015
Jennie Miller, Pllc answered:
What is your question about this? You should speak with several lenders about rate, terms, loan amount, etc prior to making a decision about the loan.
0 votes 2 answers Share Flag
Mon Apr 6, 2015
laweagle answered:
You can apply for a loan mod while your home is for sale. I don't think it's a good idea - you're trying to straddle two incompatible choices. Better to decide now - keep the home or sell the home, not both.

Some lenders still require that you be in arrears while the loan mod is in process. I don't think stopping all payments is a good idea (my two cents).

First determine if you qualify for a loan mod. Some loans cannot be modified, and certain lenders do not modify loans. Caution: if you have equity, be aware that lenders have lied to their borrowers in the past while continuing a foreclosure, only to pull the rug out from under them at the last minute and foreclosure on the home.

If you're not in foreclosure, go ahead with the loan mod app. Worst thing they can do is say no. But don't let them tell you to stop paying or trying to sell - it puts you in worse shape with fewer options.

I'm a BK attorney in AZ and CA and I've had experience in this area for many years.

Good Luck!
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0 votes 11 answers Share Flag
Sat Apr 4, 2015
Robert Herrera asked:
Fri Apr 3, 2015
UpNest Top Realtors answered:

We wrote an article on how commission rates work if you'd like to read a more in depth explanation:

To put it simply, the seller is the one who pays the full commission. That commission is then split between the buying and selling agent.

There are closing costs that buyers are charged with, however. This can be negotiated when a buyer puts an offer down. For example, if you wish to buy a $250k home, you may offer $250k and ask that the seller pays for $2k in closing costs. The seller can agree to your terms, or perhaps counter offer with purchasing for $252k to make up for the $2k closing costs.

We also wrote about what to expect to pay in closing costs:

We also created UpNest to help connect home buyers with experienced agents that may be willing to offer a rebate dependent on your purchase price.

Hope that helps!
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0 votes 8 answers Share Flag
Thu Apr 2, 2015
Joseph Domino answered:
Meritage has 39 communities in the Phoenix area. Depending on the community the incentive may change. As an example, Mirabel in Scottsdale is closing out and they are offering steep discounts on the remaining homes, while Bellisima in Cave Creek is in the reservation stage and are not offering any incentives (yet).

Which community or area are you interested? It will make a difference, but in many communities we can negotiate a good incentive package if you know which upgrades you want.

Feel free to contact me. I will be happy to help you find the best deals available.
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0 votes 1 answer Share Flag
Tue Mar 31, 2015
Mina Fajardo answered:
Hello Chuck! For the 85053 zip code area, it's been pretty stable in the $995-$1,000/mo for 4 years, up until the last 12 months where the median rent has gone up slightly to $1,095/mo. I took this from the MLS (single family, 3bd/2bath), going by the median price every 12 months of the leased signed date from today. Now, the average price for all the years combined, range as low as $795/mo to as high as $1,599/mo. The average median price for the combined past 5 years is $1,017/mo. Hope this helps :) ... more
0 votes 3 answers Share Flag
Mon Mar 30, 2015
Anthony P. Bukovec answered:
gilbert and chandler great for families much to offer, close to city, larger lots, solar anywhere all sun.
arbor crest builders 480-258-1377
0 votes 14 answers Share Flag
Mon Mar 30, 2015
Joseph Domino answered:
It would be interesting to know why you re asking the question the way you did? Are you considering an investment property? If so the stats Ron provided should be helpful and Erin is right on target with her reply that a lot depends on the property. Keep in mind that 85086 is a large zipcode that not only encompasses planned communities like Anthem and Tramonto, but it also is home to Desert Hills which is a larger area of custom homes and horse properties on acreage (a very different demographic). Much of the area is unincorporated county zoning.

If you are considering purchasing and are trying to do an analysis on rent vs buy, I have a great "rent vs buy" calculator to help, contact me an I can send it to you. Keep in mind once you lock in your mortgage at today's rates your payment will become fixed while rents will continue to rise.

Either way, knowing more about the characteristics of area and the type of home will go a long way towards helping you make a decision. I have worked the Desert Hills/ New River area for along time so I understand the uniqueness of the area and the different communities.
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0 votes 5 answers Share Flag
Mon Mar 30, 2015
Jennie Miller, Pllc answered:
According to the tax records, this home is listed as a rental property.
0 votes 3 answers Share Flag
Sat Mar 28, 2015
Andrew Song answered:

Many of your question can be addressed by specified parameter on your search.
Having said, many public access search site lack the fine criteria and not often accurate.
I would advise you seek reputable Realtor in the area you are searching for to assist you.

I would appreciate your consideration if you do not have one you are working with.
Andrew Song, Realty One Group

P.S.: Regarding your earlier question...I do not disagree why anyone should pay Land Lease...however, the home is far more affordable in comparison to the area which it is located at....for example Briar Subdivision in Scottsdale.

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0 votes 3 answers Share Flag
Tue Mar 24, 2015
Jayson Bates answered:
Mon Mar 23, 2015
Kim Ricker answered:
The market is always changing and this will have a factor on your question to some degree, however the best time of year to purchase with the least competition generally is during the holidays, Nov - Jan people tend to be focused on family, are busy with events etc. ... more
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Sat Mar 21, 2015
Mary Metts answered:
0 votes 12 answers Share Flag
Thu Mar 19, 2015
Debra StGermain answered:
Not necessarily true. Depending on the Buyer and Seller's reasons for buying and selling. Many families move in the summer due to school schedule. Seller's don't have a season when a job change is in play. Many seasonal homes do go on the market between January and April, but often times those Buyer's could be year round residents. ... more
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Tue Mar 17, 2015
Jeri Patrick answered:
You should contact a local lender to see what kind of loan options they have for you. Best of luck
0 votes 1 answer Share Flag
Thu Mar 12, 2015
Jan Pickering answered:
That seems like a very high closing cost for a normal transaction.
0 votes 13 answers Share Flag
Thu Mar 12, 2015
Jan Pickering answered:
Best bet is to search on goole for rentals in Phoenix Arizona. Will give you a lot on great information on renal rates, etc.
0 votes 19 answers Share Flag
Thu Mar 12, 2015
Edward Maddox answered:
You can check this on your listing, by viewing where it is being sent to.
0 votes 3 answers Share Flag
Sun Mar 8, 2015
David Myers asked:
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