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If A House Has A Offer On It Is It Sold All Locations : Nationwide Real Estate Advice

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Showing results for if a house has a offer on it is it sold [Clear search]
Thu Apr 18, 2013
Ronald & Agnes Maginniss answered:
Not necessarily. Today people are looking for an open floor plan and if done correctly this could add value!
0 votes 8 answers Share Flag
Sun Apr 14, 2013
Bill Hilton MBA answered:
PLEASE Contact at the below e mail address, let me know what house address you are talking about, andI will send you ALL the available pictures for the property.

Looking forward to hearing from you.

Regards

Bill Hilton , MBA
Realtor
The Keyes Company
Boca Blue Lake
561-789-6846
BillHilton@Keyes.com
... more
0 votes 7 answers Share Flag
Thu Apr 11, 2013
Ann Urias answered:
Can you email me what you are looking for? Price range? Bed Room count? Bathroom? minimum sq ft? And I will be happy to help you :)

You may also serch the mls at http://www.annurias.com/ ... more
0 votes 11 answers Share Flag
Tue Jan 21, 2014
Jim Mitchell answered:
Hello cnlmiller. Congratulations on working with a lender before you start searching for a home!

You've put yourself one step closer to purchasing and owning a home!

Some buyers want to immediately start looking for a home without knowing the exact amount of a new mortgage they can qualify for and end up getting disappointed when they finally do get around to talking to a lender. By doing this up-front, you can set realistic expectations and eliminate homes that are outside of your price range and focus only on the homes that you can afford. This saves a TON of time and ENERGY.

Back to your question...the biggest difference in these areas would simply be the location in relation to the rest of the Valley.

Maricopa is appx. 22 miles from Phoenix while the San Tan Valley/Queen Creek area is appx. 35 miles from Phoenix.

Both areas offer some shopping (Maricopa is a bit limited on retail but has some restaurants, supermarkets, etc) but the Queen Creek/San Tan Valley area boasts a fairly new hospital called Banner Ironwood Medical Center that is minutes from most residential communities in that area. The nearest hospital to Maricopa would likely be in Chandler which is at least 20-25 minutes away.

Also, both areas offer newer communities/subdivisions (most being built after 1998) and newer schools.

As for transportation, getting in and out of both Maricopa and San Tan Valley/Queen Creek is a bit limited. HWY 347 is the best bet to travel to and from Maricopa. while US60 to Ironwood RD is the top option for driving from metro Phoenix/Mesa (and the rest of the Valley) to get into San Tan Valley/Queen Creek.

Any one that lives in either area will tell you...there WILL be traffic in the peak times (morning and evening). Expect some average to long delays during those times, but that's not much different than the rest of the Valley.

Homes in either area typically range from $110,000 to $160,000 for a single-family, 3bed/2bath/1500 sq-ft home in a subdivision of other similar homes. Of course, most of these communities also have a homeowner's association (HOA) which comes with certain rules that must be adhered to.

At this time, there are 336 homes listed as 'ACTIVE' on our MLS in Maricopa that are at least 3bedroom/2bathroom/1500 sq-ft. They range from $100,000 up to $789,000. Here's the link to those 336 homes: http://www.flexmls.com/link.html?zo2upim23nr,12,1

The same search in San Tan Valley/Queen Creek pulls up 419 homes that are 'Active' ; they range from $105,000 up to $1,900,000.
Here's that link: http://www.flexmls.com/link.html?zo2upp6goqd,12,1

Here are some market statistics from Queen Creek:
http://www.armls.rbintel.com/quickview/c/Queen%20Creek

And from San Tan Valley:
http://www.armls.rbintel.com/quickview/c/San%20Tan%20Valley

You can see that sales have increased since the first of the year while active listings have declined a bit. The Avg-Price-Sq/FT has also increased during that same time period.

Sales in Maricopa have also increased since JAN 1st as available inventory has declined. There's also been an increase in the Avg-Price-Sq/FT.

Here's the same market data for Maricopa: http://www.armls.rbintel.com/quickview/c/Maricopa

I would also ask your lender to check the latest USDA map to ensure that ALL of Maricopa and San Tan Valley are still included in the USDA program. There has been talk of the program borders being 're-written' over the past few months; also have him/her check the availability of funds. I know they get depleted from time to time and it takes weeks or sometimes months for them to replenish the fund.

If for some reason you cannot utilize a USDA loan, there is a fantastic grant program for Pinal County that will grant you up to 3% of the purchase price to use toward an FHA down payment OR your closing costs. It's a grant and does NOT need to be repaid. I can send you information about this program if you like; there are income/credit and debt-ratio limits that must be adhered to, but the program is open to buyers who purchase ANY type of home (bank-owned/REO, short-sale, HUD or REGULAR sale).

Feel free to contact me directly with any questions you may have. I've worked in both areas extensively over the past four years and I'm quite familiar with the specific subdivisions and surrounding areas.

*Keep in mind...there is NO fee to use the services of a 'buyers agent' to assist you in finding a home. That fee (commission) is paid by the SELLER, not YOU, the BUYER. The only costs you'll incur are things such as: loan fees that your lender charges to process your loan, title-escrow fees at closing, inspection fees, HOA fees, etc.

Thanks for the question! You'll love Arizona and all it has to offer!

Jim Mitchell
Realty ONE Group
PH: 480.231.6769
Jim@TheAZRealtor.com
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0 votes 7 answers Share Flag
Fri Apr 12, 2013
Joe Homs answered:
Oddvision,

There should be more inventory coming this summer, but the market is on FIRE right now with most propeties getting multiple offers and ALL CASH offers. Get yourself a great Realtor now so that they can explain what is going on and what strategies to use going forward.

Good luck,

Joe Homs, Realtor,
949-625-4533
joe@joehoms.com
... more
0 votes 13 answers Share Flag
Wed Apr 10, 2013
Bcspabliss answered:
* I meant in question, home sold at auction and became buyer's agent to his clients on the home in less than two weeks from auction. They semi/flipped in one week and had open house the next! ... more
0 votes 8 answers Share Flag
Wed Apr 24, 2013
Elena Talis answered:
It depends on the lease. If she is in a middle of a year lease you should talk to her and find out on which conditions she will agree to move. It is much easier if she is on month-to-month. ... more
0 votes 8 answers Share Flag
Mon Jun 9, 2014
My NC Homes Team answered:
If they close at all you should anticipate the process taking 3-6 months
0 votes 12 answers Share Flag
Fri Aug 9, 2013
Cassandra M. Bickel answered:
Chris,
The best way to figure this is to ask a few questions.

1. Are you doing the work yourself or hiring someone. (If you are hiring someone, please get a couple quotes from professionals that are licensed/insured/bonded). Getting a quote will give you a good cost of the project.

2. Are you doing this for value reasons or to make your life/living situation better/easier. One of these has got to be the primary reason even if both have a big role.

3. Are you planning on staying in the house long term or just 1-3 more years?

4. What is the difference in houses in your neighborhood with 1 bath versus 2. And what is your average inflation in your market?


By answering these questions you will be able to find out if you should recoup the cost. If homes are not appreciating at a great rate and there is only a $5-10K difference in price, AND you are only planning to stay for a short time, then it probably doesnt make financial sense,

However, if having 1 bath is a huge burden and you need that 2nd one to make your life a little easier, then you might be better off doing the project. Just expect that you might not recoup all the money you spent on the project.

Good luck.

Cassandra Bickel, REALTOR
... more
0 votes 13 answers Share Flag
Thu Apr 25, 2013
Cassandra M. Bickel answered:
Sjea,
Unfortunately it sounds like you are trying to use one of the government programs that has a forgiveable 2nd mortgage over time. These programs have so many loops and restrictions that any advice here might not be accurate with your situation when uncovering the WHOLE Picture.

The best thing you can do for yourself, is contact a lender locally that specializes in the program you are wishing to you. Several will offer it, but you will want someone that has been at least 4-5, preferrably more.

They will walk you thru the process and be able to answer your questions. And remember FULL DISCLOSURE is important. The lender needs ALL the accurate information as once they start the loan... they will find it out and it could affect you getting a loan.

Good luck.
... more
0 votes 3 answers Share Flag
Tue May 7, 2013
Patricia Candito answered:
Good Morning,
I have been negotiting sales in Naples for 30 years & I can tell you ALL sellers are different. The ONLY way to find out what their bottom line is, is for you to make an offer. However, that being said, please ask a Realtor to give you a market ananlysis on the neighborhood & home & get you as much information as possible on the reason the home is on the market. If you go in with a "lowball Insulting" offer, the seller most likely will not respond. You want to start at a fair offer to engage the seller to communicate with you so you can find out his bottom line. Please let me know if I can be of any help by e mailing me at pfcandito@johnrwood.com or calling me at 239-290-5236. Have a great day ... more
0 votes 20 answers Share Flag
Thu Feb 6, 2014
Sloan Yorek answered:
I'd recommend speaking with DeAnna Morgan with Benchmark, she can probably work with this... 817-944-8094 or DeAnna.Morgan@benchmark.us
0 votes 20 answers Share Flag
Mon Jun 17, 2013
Ann Ryan answered:
Fam, give me a call, and let's chat about what you're looking for. The sad fact is that it can be very difficult to find a property right now.
0 votes 21 answers Share Flag
Mon Jun 17, 2013
Geoff Ommen answered:
That is a really bold question. If you are working with an agent (and you should be) they would be able to provide you with comparative properties to reach a fair number. Your offer price at that point would be completely educated. Your agent will help you position the offer so that it has the best chance of being accepted at a price you deem correct.

Geoff Ommen
Broker Baird & Warner
847-271-2622
geoff.ommen@bairdwarner.com
www.geoffgetsit.com
... more
0 votes 10 answers Share Flag
Wed Apr 10, 2013
Karen M. Riscinto CDPE, CIPS, TRC, MRP answered:
No Not At All. I Can Help You Find A New Home And Also Help You While It is Being built. My Former Life I Was A Developer Building New Homes.I

My Name Is Karen Riscinto With Vangie Berry Signature Realty

My Cell Phone Is 352- 250 -3166

I Look Forward To Talking With You.

karen
... more
0 votes 9 answers Share Flag
Thu Apr 11, 2013
Frederic Din answered:
HI Rick, thank you for asking your questions on http://trulia.com

I appreciate your question and agree that many believe the banks/lender/investors are holding foreclosed properties in inventory and may be slow to release them.

I can see this affecting properties only for a short term, I mean there is demand in homes for sale, sales prices are rising slightly ( I recently blogged about this and you can read more at http://blog.imperialvalleyreo.com) and interest rates are low, so home buyers can afford more home.

Locally there are some properties that are still vacant and are not on the market, I know as I inspect these for banks/lenders and investors, some foreclosure properties are being rented/leased back to the occupant or prior owner thus paying their rents to FannieMae or FreddieMac.

But back to your question, right now we are in a sellers market, I blogged about this same topic and touch base regarding a buyers market as well, you can read more about it here http://blog.imperialvalleyreo.com/?p=1517

I hope this helps answer your question and understand this, homes are a long term investment. Meaning, home values and prices will rise and fall, but ever so slightly either way, but if your goal is to hold/live in the home for more than 5 or 10 years, you should definitely see an increase in value, just as long as the buyers do not continue to tap into any equity that comes around and as long as the home is taken care of and updated.

Let me know how I can help you further, thank you.

Sincerely,
Frederic Din, REALTOR(R)
"Your Imperial Valley Housing Specialist"
CA DRE Lic #01274420
info@ivforeclosures.com

Call: 760-235-4885
FAX: 760-259-2037

View listings on the go
Info & photos on your cell phone
Text GOTO IVREO to 95495
... more
0 votes 5 answers Share Flag
Sun Apr 14, 2013
Patricia Isom answered:
If a home is staged properly it could mean the difference between selling your home and not selling it. Think about a model home. When potential home buyers walk in the home immediately catches their attention. Why? Because the home has been staged to do that. ... more
0 votes 11 answers Share Flag
Tue Apr 8, 2014
Bill Mccord answered:
This is the Free Market in it's most perfect form. Housing is a Commodity where there is currently more Demand than Supply. (At least in Silicon Valley)
Sellers sensibly sell to the best (NOT ALWAYS HIGHEST) Bidder.
"Week" Buyers drop out of the game.
Rising prices bring out more Sellers.
Prices stabilize and a period of calm ensues.
After a variable amount of time (often years) the cycle begins again, either upward or downward.

If you choose to continue play then you need to be aware of all the options available to year during this phase of the cycle, including the Pro's and Con's of dropping out.
As you are competing most of the time with professional investors you need to know the rules they play under. You need professional help.
Good luck
Bill
... more
0 votes 16 answers Share Flag
Fri Aug 16, 2013
The Medford Team answered:
Overbidding is everywhere in the current Bay Area:

2 posts to read:

Current Bay Area Market NOT A Bubble: Top 5 Buyer Recommendations
http://bit.ly/1460Yzt

Tough Year Ahead: Top 10 Issues Facing Bay Area Buyers
http://bit.ly/W6J2zc

Like many Alameda County Realtors, I spend time almost every day writing offers. Each offer represents a client’s hopes, dreams and aspirations and, in many cases, their frustrations as offer after offer meets with rejection. While it’s true that we ARE getting offers accepted, when you have one property and thirty hopefuls, at the end of the day, only one gets the keys. The remaining twenty-nine go off to the succeeding round of open houses hoping to get lucky the next go-round. While some buyers may fade away in defeat, others join in the dance bringing new energy and hope to the melee.

While house after house comes on the market only to disappear just a few days later, one constant remains: multiple offers. It’s been so long since we’ve experienced a “normal market in the Bay Area – either we have a down market with multiple houses and one offer … or today’s red-hot market with one house receiving multiple offers. The trick is to figure out what type of market you are currently in and leverage that market to your advantage.

Since we’re currently in a seller’s market and multiple offers are a given, it’s important to understand the existing market metrics. In a recent meeting with Central County agents, Carole Rodoni,* President of Bamboo Consulting, outlined the following guidelines:

List Price Price per offer submitted
$200,000-$400,000: increase of $2,500-$5,000 for every offer including yours
$400,000-$800,000: increase of $7,500-$10,000 for every offer including yours
$800,000-$2,000,000: increase of $12,000-$15,000 for every offer including yours
$2,000,000 and above: increase of $20,000-$25,000 for every offer including yours

While it’s obvious that there are no absolutes here – every home receiving offers is different based on condition, amenities, location and a number of other factors – these formulas at least provide a framework with which to begin. The fundamental key is determining whether or not any give property’s list price is realistic – if it’s low, you have to adjust upwards; high, you tweak it down. Another key is trying to get feedback from the listing agent as to how many offers are either already in hand or anticipated.

Thinking of simply writing an offer at list price? Your chances in the current market closely resemble those of a snowball in a very hot place … it may look pretty for a few seconds, but will quickly disappear in a burst of steam.

*Carole Rodoni was formerly President of Fox and Carskadon Real Estate, Chief Operating Officer of Cornish and Carey Real Estate, and President of Alain Pinel Realtors.
... more
0 votes 9 answers Share Flag
Sun Apr 14, 2013
Mark McNitt answered:
Your best bet is to speak to a CPA or financial planner.

You did not say where did the $45,000 profit come from? Typically, you don't have to pay capital gain taxes unless you gained more than $250,000 (as a single person, $500,000 married) on your principle residence. If the money is coming from a rental that your selling, the exemptionmay not apply.

Mark McNitt
m 832-567-4357
Bernstein Realty, Inc.
... more
0 votes 4 answers Share Flag
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