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Home Buying in 85018 : Real Estate Advice

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  • Local Info0
  • Home Buying5
  • Home Selling4
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Activity 645
Tue Apr 23, 2013
Georgina Dalton answered:
How much I could afford, duhhh. LOL

All kidding aside, I would start by hiring a professional I have researched and met to establish a directed working relationship with. Buyer's have a right to be picky and deserve only the quality of professional they seek out. If you found your agent simply because they had a pulse and a key to the front door, then you get what you asked for.

Make sure you are asking your agent "what are you going to do for me if I make the commitment to hire you"? Most will not have a well thought out answer, because the average buyer does not know what to ask or what they deserve. Kind of like, you would not know to order a filet mignon if you only had hamburger.

Location, Environment, Lifestyle, Commute, Size, Features... these are all things that the buyer can figure out based on what they want. All of these items change periodically and can explain why you no longer want a house. But to protect yourself legally and elevate your experience at no additional money, hire an extraordinary Realtor.

http://www.trulia.com/profile/GeorginaDalton/#__rec see what others are saying about me.
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0 votes 9 answers Share Flag
Fri Apr 12, 2013
Scott Godzyk answered:
You should meet with a local and trusted lender to get prequalified. It will depend on how your short sale was reported, if you were behind in your mortgage or even with any other bills. Most mortgages want to see 2-3 years after of clean credit but there are variables only a loan officer can answer after looking at your credit and financials. ... more
0 votes 11 answers Share Flag
Wed Apr 10, 2013
Craig Frooninckx answered:
Hi Kayla,

Please send me the address or complex name so I can look it up for you. Some apartments converted to condos or tried to, but I can not be sure until I know which one you are interested in. ... more
0 votes 2 answers Share Flag
Tue Oct 29, 2013
Voices Member answered:
hi jsmith... as a licensed realtor, this question would be out of my league. however, because i pick my loan officer's brain, have purchased 3 homes in my lifetime and am savvy with bk's, foreclosures & modifications, i can say this:

you have to wait a minimum of 3 years to buy from the date of your last bk, foreclosure. i'm pretty much saying the same thing as lowell sterling (the broker before me).

now... you will have to re-establish your credit and that i can help you with. i am a licensed nfcc-certified credit counselor (and also a licensed hud-certified housing counselor) and i did have to re-establish my credit to purchase real estate after 2 foreclosures from 2008/ 2009.

call me if you're interested in what i have to say.

sammy hernandez, realtor
clients first realty, llc
(602) 622.0703 c.
sammydhernandez@yahoo.com
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0 votes 9 answers Share Flag
Fri Feb 24, 2017
Jennie Miller, Pllc answered:
If you don't know how to swim, then this would be a good investment! If you know how to swim, it gets very hot here and you can enjoy a pool in your gorgeous back yard 6 months a year! Or 12 months a year if it is heated. ... more
0 votes 13 answers Share Flag
Fri Apr 12, 2013
Korene L. Clopine-Seaman answered:
Your question is similar to asking "What can a doctor do that a patient cannot?" It is not a matter of can you or can you not, but a matter of should you or should you not. What small amount you MAY save is not worth the risk and headaches if anything goes wrong. I would never trust a novice to handle thousands or tens of thousands of my money.

Too many people went with the advice and assistance of ameteurs and we are still working to get out of the mess. Find a qualified, full-time professional who can help you and spend the money to make it a clean and complete transaction.
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0 votes 9 answers Share Flag
Mon Apr 8, 2013
Al Rivera answered:
Sun May 19, 2013
Jennie Miller, Pllc answered:
Prices are so affordable right now that it makes more sense to buy.
0 votes 20 answers Share Flag
Wed Apr 3, 2013
John Dusenberry answered:
Hi,

This question would best be answered by an attorney whose area of practice is Real Estate Law.
0 votes 8 answers Share Flag
Tue Mar 26, 2013
Jason Silverstein answered:
I am a Realtor in Phoenix who also moved here from Florida. I notice the Palm Beach phone number. I lived in Boca for many years. I would love to help you as I also live close to the Deer Valley area.
Jason Silverstein
jsilverstein@axispropertyadvisors.com
602-478-0716
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0 votes 7 answers Share Flag
Mon Jul 8, 2013
Mrs. Holly Brink answered:
Congratulations on the new job! (If you take it.) Are you referring to a purchase or a rental? Just let me know. I can run a custom search for you. Depending on the area- in Phoenix- we are talking between $85k- $200 or more. Phoenix is a big area/ so lets narrow down the search a bit based on where this new job is and freeway access. ... more
0 votes 16 answers Share Flag
Tue Mar 26, 2013
Mrs. Holly Brink answered:
Sometimes the agent just hasn't had time to take more photos. Are you working with an agent yet? I'm sure the listing agent or your buyer representative could go take photos or videos of any properties you are interested in. I suggest connecting with a local Realtor who can work with you. ... more
0 votes 3 answers Share Flag
Fri Mar 22, 2013
Josh Barnett answered:
From Wikipedia:

Escrow payment is the common term referring, (in the US), to the portion of a mortgage payment that is designated to pay for real property taxes and hazard insurance. It is an amount "over and above" the principal and interest portion of a mortgage payment. Since the escrow payment is used to pay taxes and insurance, it is referred to as "T&I", while the mortgage payment consisting of principal and interest is called "P&I". The sum total of all elements is then referred to as "PITI", for "Principal, Interest, Tax, and Insurance". Some mortgage companies require customers to maintain an escrow account that pays the property taxes and hazard insurance.

Others offer it as an option for customers. Some types of loans, most notably Federal Housing Administration (FHA) loans, require the lender to maintain an escrow account for the life of the loan.

Even with a fixed interest rate, monthly mortgage payments may change over the life of the loan due to changes in property taxes and insurance premiums. For instance, if a hazard insurance premium increases by $120.00 per year, the escrow payment will need to increase by $10.00 per month to account for this difference (in addition to collection for the resulting escrow shortage when the mortgage company paid $120.00 more for the hazard insurance premium than what was anticipated).

By RESPA guidelines the escrow payment must be recomputed at least once every 12 months to account for increases in property taxes or insurance. This is called an escrow analysis.
The validity of an online escrow company's license can be checked with the regulating authority. Usually this is accessible through their official website, and should always be checked before dealing with an escrow company to ensure it is not a look-alike or fraud.
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0 votes 1 answer Share Flag
Sat Mar 23, 2013
Stephanie Weiss answered:
at the top, go to the FIND A PRO in the upper right corner of the Trulia website and then enter Goodyear, AZ and you should then see a LIST of agents to choose from. Note there are agents who have "recommendations" ... more
0 votes 8 answers Share Flag
Fri Nov 1, 2013
Chris Boughton answered:
I believe the biggest cons to this scenario is typically you would pay more for the home, and/or at a slightly higher interest rate due to the increased risk that the owner is taking. There is also some concerns about the seller carrying the loan and not making payments to the mortgage company if it is not owned free and clear. If the contract is written properly, this risk can be minimalized. The reason most people would accept this increased risk and cost is due to not having the credit to qualify for a home through more traditional channels such as Conventional or FHA.

I wish you the best in working toward your dream home!
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0 votes 8 answers Share Flag
Sun Sep 1, 2013
Korene L. Clopine-Seaman answered:
Let you realtor deal with the seller's realtor.
Let your new lender get the loan our. Just be ready willing and able to do everything the lender and the realtor asks of you. Time is absolutely of the essence here and any document that is needed is needed NOW.

Good wishes on your new home!
I am a Mortgage Banker that lends in both Arizona and California where I will be pleased to help you. If you or someone you know is looking for financing options, please feel free to contact me or pass along my information. 623-340-0934 Korene Clopine-Seaman NMLS # 218520 KLCSLoanTeam.com We are Direct Lenders, WE CLOSE LOANS! You may hear more information on YOUR Source For Real Estate on Money Talk Radio 1510 AM each Saturday from 12:00 Noon until 1:00 PM
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0 votes 13 answers Share Flag
Thu Mar 21, 2013
Lorrie Feld, ABR,GRI,SRES, answered:
At this point your only options on a loan would be a seller carry back or working with a lender that has programs for this purpose at a higher interest rate. You would most likely have to pay 7-8% on these loans from a lender and maybe 5-6% on a seller carry back. You would need to find a home where the seller has equity and is willing to do this. There are listings out there like that, you just have to search.
Please feel free to contact me if you need any help.
Lorrie Feld
Keller Williams Integrity First
480-570-1074
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0 votes 7 answers Share Flag
Thu Mar 12, 2015
Leo Zuniga answered:
I'm happy to review your good faith estimate for you.....origination is usually only 1% of the loan amount...in your case $2475. Closing costs are also generally 2.5-3% of the sales price...in your case they should only be about $8250. I can give you my professional opinion if you'd like to email or fax your good faith estimate over.

Leo Zuniga
leo@vipmtginc.com
P - 602-332-0420
F - 623-565-8018
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0 votes 13 answers Share Flag
Mon Mar 18, 2013
Bianca Bennett answered:
Three reasons why buying is the greatest opportunity for you today:

1. Interest Rates

There is never been a cheaper time to buy a property using banks money than today, which means your payment will be less.

2. Home Prices

Home prices are lower than they were during the “Boom”, as low as it was in 2002 – 2003 Nationwide.

3. Inventory

There are more homes for you to choose from than ever, there are so many options! If you remember 8 – 9 years ago you had a choice of 2 or 3 homes and you had to choose one of those 3, today you have a choice of 100. And lets not forget you can jump on some good opportunity, some good deals such as Bank Owen, Foreclosure and Short Sale properties.
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0 votes 10 answers Share Flag
Mon Feb 25, 2013
Lorrie Feld, ABR,GRI,SRES, answered:
The best website for school ratings and reviews is www.greatschools.org. This site will give you scores on any school and parents comments as well.
Hope this helps.
Lorrie Feld
Keller Williams Integrity First
480-570-1074
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0 votes 2 answers Share Flag
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