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85041 : Real Estate Advice

  • All12
  • Local Info2
  • Home Buying4
  • Home Selling1
  • Market Conditions0

Activity 1,389
Fri Dec 7, 2012
Jennifer Ronning answered:
Well, there are a few reasons... The best reason it is FREE as a buyer to use an agent to assist you in buying in a home, the cost of a buyer's agent is paid for by the seller. other reason's are....I have access to ALL homes for sale and can very easily narrow your search so will get ONLY homes that match exactly what your looking for directly to your email, when you find your DREAM home I will be able to tell you what similiar homes have sold for and be able to get YOU the very BEST deal on your new home. I will handle the entire process of finding you your dream home to handing you the keys, I willl make the process as painless as possible. you will KNOW your not only moving into the home you love but, it it will also be the best deal on it as well.Call me today so I can set up your FREE search for your perfect home 480-250-2581 Jennifer Ronning Keller Williams Realty ... more
0 votes 11 answers Share Flag
Thu Nov 29, 2012
The Urban Team answered:
I'd contact your broker to make sure you follow his/her structure for a lease option. Our broker's approach is separate lease and purchase contracts with language linking the two. Your broker may have a different approach.

Did you know that according to a recent survey, less than 1% of lease options work out to a successful purchase?
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0 votes 6 answers Share Flag
Wed Nov 28, 2012
Michelle Hamilton answered:
We have used Help You Short Sell for all of our short sales. I just asked them if they did business in Ohio and they said they just completed 3 more in Ohio. They are awesome to work with and very communicative. They are on the phone a lot with banks so email seems to be the quickest and fastest way to get a response. Here is their contact info:

Matthew Potter
Managing Partner
Help You Short Sell, INC.
Direct - 480-838-1695
Fax - 888-822-0151

Best of luck,

Michelle Hamilton
cell #623-680-7021
... more
0 votes 1 answer Share Flag
Tue Nov 27, 2012
Melissa Schwartz answered:
YES! many of our renters in the last three to four years have experienced either a short sale or a foreclosure as well as bankruptcy filings. MOST landlord's look for your income to make sure you can pay the rent. If you have poor credit with no reserve funds, then you may have to address a landlord who is afraid you will file bankruptcy during the lease term and some may put in protections from that. Typical rule of thumb on rents is that they should not be more than 1/3 of your Gross income monthly. So if you are looking at $1500/month rents, then your monthly income should be over $4500.
Melissa Schwartz
Realty One Group
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0 votes 7 answers Share Flag
Thu May 8, 2014
Craig Frooninckx answered:
The HOA information is part of the MLS so your agent should be able to provide you with some details. During your inspection/due diligence phase you will have an opportunity to do an inspection, review seller disclosures and ask to see a CLUE report (insurance claims filed against the property). The title company will also send you HOA documents giving you another opportunity to disapprove of the property if you find material facts that don't align with your expectations. Your agent will guide you through all the phases of the purchase. ... more
0 votes 11 answers Share Flag
Thu Nov 29, 2012
Melissa Schwartz answered:
In short, if your wife co-signs she will be on both the title and the loan. You could do a separate.agreement with her that her interest in them is xx%. And you could do a quit claim after t remover her from title, but she will remain on the loan. All these issues should be discussed with your attorney as each of them have multiple consequences for each of you depending on what happens in the future. If you need a reference for either a lender or some attorneys that may better assist you, please let me know. Melissa Schwartz, Realty One Group, ... more
0 votes 11 answers Share Flag
Mon Nov 26, 2012
Rachel Shanahan answered:
No, the bank probably did a new evaluation of the home and with home values rising so much here in the valley they went with the new price. They may also have had other costs incurred such as HOA fees or subordinate liens. Typically homes are going for way over asking price right now so if they are only asking for 4.3% I would jump on it. I just sold a home that went for $33k over asking price. The market is hot here in the valley so I wouldn't hesitate at that range. ... more
0 votes 12 answers Share Flag
Thu Aug 15, 2013
Scott Godzyk answered:
You need to start by meeting with a local and trusted loan officer who can prequalify you at no cost and after looking at your credit and financials, let you know if you can get a mortgage and what any costs or requirements will be. ... more
0 votes 11 answers Share Flag
Tue Nov 27, 2012
Roy Powell answered:
Your ability to generate a 1st loan will be a problem for any lender with the value (appraisal) and a carry back or lease option. Perhaps a better direction is to assume her $100K loan through a structured payment account to her lender and then have her take back a 2nd to ballon in 5 years with some cash at closing for the balance. Your attorney can structure the assumption account of the non assumable loan along with the 2nd. In this type of deal the seller gets her purchae price any you get the property! The bank will not remove the seller from the loan but will not call call the loan in provided payments are being made. Your obligation to the loan(s) are by agreement to the seller. Much better than a lease option!!! ... more
0 votes 4 answers Share Flag
Wed Jan 2, 2013
Jeff Lee answered:
It depends on the terms of the lease. It could be a 30 day lease just to keep a warm body in the house until you close escrow on your deal to buy the home.
I think we need more specifics here.... ... more
0 votes 3 answers Share Flag
Thu Nov 22, 2012
Shanna Rogers answered:
Hi Edward,

It would have to be disclosed to the renters that the house is under contract. The renters may not want to rent then because they may not want to move again?

Shanna Rogers
SR Realty
... more
0 votes 4 answers Share Flag
Thu Nov 29, 2012
Rod Mohan answered:
I would be happy to email you current sales to show you the average time on the market for home sales near ASU and information on various neighborhoods near ASU. Feel free to call me on my cell at 480-398-6872.

Rod Mohan
Ready Set Sold Realty
1515 E Missouri Ave # 203
Phoenix, AZ 85014
... more
0 votes 10 answers Share Flag
Tue Jul 9, 2013
Anna M Brocco answered:
Since rent to own properties may not be listed as such, consider working with an agent of your own. Keep in mind that rent to own can be risky and one could stand to lose a bit of money, therefore do inform yourself well, and consider consulting with an attorney who specializes in real estate beforehand. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright... ... more
0 votes 8 answers Share Flag
Mon Nov 19, 2012
Doug McVinua answered:

It sounds like we can overcome your situation as long as we address it up front, you have already started.

Lets start right away to find you housing.
0 votes 6 answers Share Flag
Sun Nov 18, 2012
Rosalie Frankel answered:
Sun Dec 2, 2012
Chris Collins answered:
I will really help you. Let me know what you are looking for and i will get started in the morning.
0 votes 8 answers Share Flag
Sun Nov 18, 2012
Donna L. Leeds answered:
I work with a great loan officer who can answer this question over the phone. Tell him Donna Leeds with Keller Williams referred you. Chris Arbuckle with Amerifirst Financial-480-688-6812 or
Donna Leeds
Realtor-Keller Williams Realty Sonoran Living
... more
0 votes 7 answers Share Flag
Sun Jan 27, 2013
Debbie Nieman answered:
Trulia thank you for asking that question. If by up and coming neighborhood you mean activity then local schools, businesses, shopping and housing markets on the increase would be a good indicator of an up and coming neighborhood. Checking with the city planning and city reports to see what businesses are looking to move into the area. What area's are slated for new development with restaurants, shopping and activities are another indicator.

When searching it's always best to look for what's important to you. What one person believes is a good indicator someone else may deem as not.

Have a great weekend and when thinking real estate in the Phoenix market, keep me in mind.

Debbie Nieman
Real Estate Professional Keller Williams Sonoran Living
... more
0 votes 4 answers Share Flag
Fri Nov 16, 2012
Jaleel M. Khan answered:
Arrowhead Town Center
Biltmore Fashion Park
Desert Sky Mall
Last Chance Bargain Shoe & Apparel
Kierland Commons
Desert Ridge Marketplace
Arizona Center
E&J's Designer Shoe Outlet

Have fun!!

Jay Khan, Realtor
One Stop Realty
... more
0 votes 8 answers Share Flag
Thu Apr 10, 2014
Pam Eagan answered:
A good source for crime stats is or
0 votes 8 answers Share Flag
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