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85251 : Real Estate Advice

  • All23
  • Local Info1
  • Home Buying8
  • Home Selling5
  • Market Conditions0

Activity 354
Thu May 17, 2012
Don Tepper answered:
Wait another year. Or, better yet, check with a lender and determine whether you can buy today.

True story: A few years back, as an investor I was offering a property on a lease-option. I had one very interested couple. He'd recently gone through a bankruptcy (he'd owned a business that had gone under). But his record up to that point had been good. His wife had good credit and a good income. I referred him to a lender I used (which is something anyone promoting a lease-option should do), and the next day I got a call back from the lender. Turns out the couple was qualified to purchase a property, and that's what they ended up doing. Bottom line: Don't assume you won't qualify without first talking to a lender.

I love lease-options. In the right situation, they're a definite win-win for both owner and tenant-buyer. But if you can buy today or position yourself to buy in one year, then wait. You'll have a much wider selection of properties and more negotiating leverage than if you go for a lease-option today.

Hope that helps.
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0 votes 2 answers Share Flag
Thu Aug 23, 2012
answered:
0 votes 2 answers Share Flag
Fri Nov 2, 2012
answered:
Cap rates vary from 5-9% cash on cash return, depending on what you buy, and where.

Here is my Scottsdale Market Stats screen capture for January:

http://screencast.com/t/ju47lzNEW8J

Terry S. Smith
46 year Arizona Resident
Grew up in Scottsdale
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0 votes 6 answers Share Flag
Wed Feb 15, 2012
A. J. Stewart answered:
Hello,
To answer your question, yes absolutely. I can send you a list of available homes via email and you can check them out. I will only send you ones that meet this criteria. Please call me at 480-217-2167. Thank you.
AJ Stewart
Veracity Realty Group
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0 votes 1 answer Share Flag
Sat Jul 28, 2012
Howard Rudin answered:
Lenders look at each individual on a one-on-one basis these days because of the high risk of loss. Here are the names of two lenders to contact about your needs. I utilize both of them in my real estate practice. They both do a great job for my clients and I. Jim Buchanan - Academy Mortgage 480-241-6908 and Chrissa Michelle with Peoples Mortgage 602-770-8423.

If you need any help with a home, I would love the opportunity to assist you.

Sincerely,

Howard Rudin
West USA REALTY
602-390-8088
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0 votes 8 answers Share Flag
Sat Jan 28, 2012
Rocky Dole answered:
I know it has been occurring in Maricopa. I have a property in escrow right now that we are postponing the inspection on because someone stole the AC units.
0 votes 6 answers Share Flag
Wed Jan 18, 2012
answered:
I can set you up with a personal portal through the mls and you could search there without any 'trial' membership :) ......the question is one for realty trac themselves do they have a contact us area?
Again , most happy to assist as a buyers agent should that help in your search. Warm regards, Cristine
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0 votes 5 answers Share Flag
Fri Dec 30, 2011
Tan Johnson answered:
My name is Tan Johnson. I am with the commercial division of Keyes Realty. Your information was sent to me by one of my associates that read your request, online. I would like to help you, if you have not yet received the information you need on the store.

TanJohnson@TanJohnson.Com
www.TanJohnson.Com
305 400 2420
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0 votes 1 answer Share Flag
Thu Jan 1, 2015
Christopher Pagli answered:
Hi, That I woke up this morning... :o)

Christopher Pagli
Licensed Associate Broker
Accredited Buyer Representative
GREEN Designated Agent
William Raveis Legends Realty Group
914.406.9023 ... more
0 votes 9 answers Share Flag
Sat Jan 7, 2012
Ron Thomas answered:
Your Realtor should be willing to do a CMA to determine the WORTH of the property.

I wouldn't begin to guess that without the CMA.

Good luck and may God bless
0 votes 5 answers Share Flag
Fri Jan 6, 2012
Laura Myers PLLC GRI, CLHMS answered:
I don't think you ever need to knock anyone. You show up with results you can prove you'll never need to knock anyone, good luck!
Laura Myers
AZ Real Estate Consultants
Keller Williams AZ Realty ... more
0 votes 20 answers Share Flag
Wed Nov 2, 2011
Howard Rudin answered:
There are a number of public auctions to look into REDC has one every so often here in Phoenix, Fannie Mae and Freddie Mac also have some once in a while. These auctions are usually advertised on TV and in the newspapers. You can search Google for them. Individual home foreclosure auctions are held daily at a variety of law firms and on the court house steps. If you know the property address you can usually find out from the tax assessor's site at Maricopa.gov when the property will be auctioned. Those auctions properties are sold as-is with no warranties. So buyer beware.

Howard Rudin
John Hall & Associates
602-390-8088
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0 votes 6 answers Share Flag
Tue Nov 8, 2011
Patrick McCandless answered:
Hi Jim! As an leasing specialist who specifically works the Tempe, Scottsdale, and East Phoenix areas I see the majority of communities out there ranging between 90 and 95% long term occupancy at any given time. If it dips below that by much then they will typically offer some sort of concession to spark some traffic and get it back up to target occupancy. I hope this helps! ... more
0 votes 1 answer Share Flag
Sun Nov 13, 2011
Gene Hastings answered:
I have several 2 and 3 bedroom homes in or very close to 85255. Please go to my website and provide us your information and we will get the list out to you today! We also have text updates so you wont miss any new properties. go to http://www.thehastingsteam.net/gold_customform1.asp

Thanks!
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0 votes 4 answers Share Flag
Thu Feb 9, 2012
Lee answered:
The very best ROI is in the $60k - $90k range, 3BR+ and the best price value is in the SW Phoenix area and the Quenn Creek/ San Tan Valley areas. Get a newer [ >2004] home to preclude excessive maintenance costs/problems. Happy to help if you need it. ... more
0 votes 26 answers Share Flag
Thu Nov 3, 2011
Laura Myers PLLC GRI, CLHMS answered:
I grew up in southern CA but have lived in Scottsdale 14 years now. Scottsdale is one of the most sought after cities in AZ. Your communication and access to web is critical to a good sight unseen property. It is possible but you'll need guidance. View homes at www.DesertRidgeLifestyle.com.
I can help
Laura Myers
Keller Williams AZ Realty
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0 votes 18 answers Share Flag
Sat Jul 7, 2012
Brian Goldberg answered:
Go with your gut. If you will be disappointed that you lost the house for $5-10k, make the higher offer. If your first offer is the most you want to pay, let it go. Unless the house is very unique, perhaps a better one will come along. Good luck! ... more
0 votes 16 answers Share Flag
Tue Sep 18, 2012
Kathy Deangelis answered:
The 0.8 acre lot at 7648 E Davenport is listed at $225,000.

Kathy DeAngelis
Realty Executives
0 votes 2 answers Share Flag
Mon Jan 16, 2012
Laura Myers PLLC GRI, CLHMS answered:
Its a material matter but there would be no responsible way to assure you without review of the contract. Seek the broker advise and tell them what you want to do they should advise you properly or seek legal counsel as there is a cancellation clause in the contract you'll just have to know what it will cost you (ie earnest money or more).
Good luck
Laura Myers
AZ Real Estate Consultants
Keller Williams AZ Realty
... more
0 votes 22 answers Share Flag
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