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Market Conditions in 85075 : Real Estate Advice

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Activity 82
Thu Apr 11, 2013
Craig Frooninckx answered:
Hi Casy,

The listing agent didn't provide a list, however, they have accepted a primary offer on this short sale and are looking for backup offers right now. I also noted that they will only accept Cash or Conventional Loans on this property, so chances are the repairs would preclude FHA offers. ... more
0 votes 4 answers Share Flag
Fri Nov 1, 2013
Michelle Hamilton answered:
Hi Roseann,

I just checked your link for the home and I don't see where it says that your property sold in 2012. The only thing I saw was that it shows property taxes for 2012. Under homes that sold near you is a similar address but it is Street not Place that sold in 2012. Could it be possible that you were looking at this address instead? 14828 N 51st St, Scottsdale AZ 0.06 mi Single-Family Home $283,000 8/28/12.

I also checked MLS and the tax records and it does not have any information that your property has sold since your purchased it in June 1989.

Hope this helps.

If you have any questions, please contact me at your earliest convenience.

Thank you,
Michelle Hamilton
Realtor
Property Management Real Estate Services
cell #623-680-7021
sellingarizonarealestate@yahoo.com
... more
0 votes 7 answers Share Flag
Wed Mar 27, 2013
Stephanie Weiss answered:
I'm assuming you mean the Homeowners Association?

HOA Name: Osselaer
HOA Telephone: 602-277-4418
HOA $325 / Monthly
http://www.flexmls.com/link.html?zn953hini0w,12,1
0 votes 1 answer Share Flag
Fri Mar 15, 2013
Ann Griffin answered:
Fran, there are 67 listings sold since September 14, 2012, within a mile of this listing. To get the details, please email me at anngmesa@gmail.com and I'll send you the list.

Regards,
Ann Griffin, Realtor
Coldwell Banker Trails & Paths
480-789-9584
... more
0 votes 5 answers Share Flag
Fri Jun 7, 2013
Anna M Brocco answered:
Check with the local police department, local archived print media, ask any neighbors, etc.
0 votes 8 answers Share Flag
Mon Nov 25, 2013
Jeff and Kaye Piggot answered:
It's a great time to sell. The market is seeing some of the lowest inventory ever. This is changing hte market from a buyers market to maybe not a sellers market in terms of higher pricing yet but at least equal. Check with an agent about the specifics of Phoenix but market and industry wide say "yes"! ... more
0 votes 13 answers Share Flag
Tue Mar 12, 2013
Rebecca Kallhoff Team answered:
Wed Aug 21, 2013
Chris & Michelle Spalding answered:
This property is still active and available in MLS for $165,000. Trulia and other syndicated sites receive a data feed from MLS, which is where us agents place listings and update their status. Occasionally, there will be an issue with a data feed and a property will still appear to be active when it's been sold, or even more commonly, the agent will be continuing to market it for backup offers after a primary offer has been accepted.

In this case however, this property is a lender owned Fannie Mae REO and is currently available at that price. It's been on the market 16 days and has just left it's "First Look" period which means it is now also open to investors or those looking to purchase a second home, whereas the first look period restricts it to offers that are owner occupied primary residences!

Hope this helps!
Michelle Spalding
Realty ONE Group
(602) 476-8100
... more
0 votes 8 answers Share Flag
Mon Feb 18, 2013
Jeffrey Masich answered:
Mark Taft

Dear Mark:

Hi. This home is not listed for sale on Trulia or on the MLS. Here are all homes that are actually for sale in the Phoenix metro area: http://link.flexmls.com/ua948or6wf0,12 You can sort by the least expensive first if you wish. Note, Trulia lists homes that have sold and from public records. A Realtor can represent you and no cost to you as a buyer and show you homes that are actually for sale.

Jeff Masich, Realtor, GRI, MBA
HomeSmart Realty
Scottsdale
JeffMasich@ArizonaHomesLand.com
... more
0 votes 3 answers Share Flag
Thu Feb 21, 2013
Chris Boughton answered:
I believe the biggest factors in Phoenix's housing market recovery are:

The historically low interest rates
The returning short sale buyers
New buyers attracted to lower prices

Lenders willing to approve more loans
Federal legislation
... more
0 votes 10 answers Share Flag
Sun Jun 9, 2013
Chris Boughton answered:
Typically you should expect to pay fairly high HOA fees in Townhomes and Condos. This particular properties HOA covers the following:

Exterior Mnt of Unit; Roof Repair; Roof Replacement; Blanket Ins Policy; Garbage Collection; Front Yard Maint; Common Area Maint; Street Maint

If you would like more information for this properties HOA, you can call Casa Del Pueblo which is the agency that manages this property directly at 480-941-1077.

Hope this helps!

Chris Boughton
HomeSmart Biltmore
... more
0 votes 10 answers Share Flag
Fri Jan 18, 2013
Jennie Miller, Pllc answered:
I just responded to your previous question about this home.
0 votes 2 answers Share Flag
Tue Jan 29, 2013
Craig Frooninckx answered:
When I take a look at recently sold homes in the area for the past 6 months, they have been selling for around $100 to $150 per sq ft, this one is currently listed at $112 per sq ft so it is priced well for the market, now that remains are the condition of the property and title to add or subtract value. Since this is a large home it seems high. ... more
0 votes 10 answers Share Flag
Sun Dec 30, 2012
Craig Frooninckx answered:
Hi, did you have a question about this property?
0 votes 3 answers Share Flag
Mon Oct 8, 2012
Bill Parker, CPA* answered:
Hi Jason:

The number and extent of conspiracy theories is truly amazing. With this one, I can't even figure out the motivation...(is it suppose to be pro-Obama or pro-Romney? What benefit would it have to the banks to do so?)

Arizona is a "Non-judicial" foreclosure state, meaning banks can process them without having to go to court. This accelerates the process tremendously here in Arizona, so that everything I have read indicates we do not have much of a "shadow inventory" waiting to be dumped onto the market. Much of the lower end of the market got, and is being, absorbed by investors. Many other homeowners, unfortunately, are unable to sell due to being underwater so there is a constraint on houses coming onto the market. At the same time, you still have many new people coming into the market, wanting to buy their first home--to take advantage of great interest rates, etc.

In my humble opinion, these are the reasons why there is such low inventory in the Phoenix area, not some hidden agenda by the banks. Or, is it just me???

Bill Parker
NMLS #223607
BillParker78@gmail.com
602-565-3646
... more
0 votes 9 answers Share Flag
Tue Aug 28, 2012
Sean Heideman answered:
Payal,

Properties are getting purchased at a faster rate than banks are able to release properties. Properties are no longer sitting on the market for month; therefore, the foreclosure inventories are down. Traditional sales (No banks involved) is about 50% +/- of the market and prices are rising due to low inventory levels.

If you are thinking about buying an investment property, then now is the opportune time to get into the market to start earning some equity and monthly cash flow. I am an investment specialist and I can help you find a property that will provide you with a 15% to 30% leveraged ROI. Please give me a call to discuss some investment properties.

Sincerely,


Sean Heideman, Broker
Position Realty
Office: 480-213-5251
... more
0 votes 5 answers Share Flag
Tue Aug 7, 2012
Jennie Miller, Pllc answered:
Pulte (and many of the large homebuilders) will use different sub contractors for the homes that they build. Is there a specific address that are referring to?
0 votes 5 answers Share Flag
Thu Oct 25, 2012
Sean Heideman answered:
Vadim,

I actively assist investors with purchasing properties at the trustee sales and I am very creative with submitting offer for MLS properties. Are you planning to purchase residential or commercial properties? Please give me a call to discuss you investment goals and objectives. I am looking forward to hearing from you soon.

Sincerely,


Sean Heideman, Broker
Position Realty
Office: (480) 213-5251
... more
0 votes 7 answers Share Flag
Sun Oct 7, 2012
John Weimer answered:
A 3 bdrm rents for $825 to $900 in that immediate area, depending on condition of the property. A two bdrm will rent for $50 to $100 less, again, depending on condition.
0 votes 3 answers Share Flag
Tue May 15, 2012
Sally Grenier answered:
Help with....purchase? rent? What is your question specifically? If you're interested in buying, then you'll need to sit down witha loan officer or mortgage broker who can review all of your financial info to determine what type of loan you qualify for. ... more
0 votes 4 answers Share Flag
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