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Home Buying in 85254 : Real Estate Advice

  • All33
  • Local Info2
  • Home Buying18
  • Home Selling2
  • Market Conditions3

Activity 159
Thu Mar 10, 2011
Bill Eckler answered:

The reality of your offer is that you age asking agents to split their commission....AGAIN! Again since they have already split it with the selling or listing side and split it with their broker......and you ask for consideration to split it again?

This may explain why there doesn't appear to be too many takers jumping on board of your "opportunity train."

6% split with the selling or listing brokerage yields 3% remaining.

3% split with the agent's broker could yield as little as 1.5%

1.5% split with you leaves the agent with a whopping .75% left.

Somehow your offer just isn't that appealing!

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0 votes 3 answers Share Flag
Thu May 19, 2011
Anna M Brocco answered:
See link for possible helpful information...
0 votes 12 answers Share Flag
Mon Jan 31, 2011
Todd Hall asked:
0 votes 0 Answers Share Flag
Thu Aug 23, 2012
Jason Whaley answered:
THe last I heard of, this is virtually impossible. At a time, banks were offering tape at 50M and higher which I assume you don't have. I have been contacting some banks and REO agent for pocket listings at 30%+ discounts. If you wantto give me your info, I would be happy to get some property for you.

Jason E Whaley
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0 votes 24 answers Share Flag
Mon Jan 17, 2011
Matt Puzz answered:
I don't know where Tramonto is but I am a big fan of a house. Remember location is always important. Good Luck to you.

Matt Puzz
Licensed Loan Originator
Amerifirst Financial, Inc.
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0 votes 20 answers Share Flag
Thu Jan 3, 2013
Jason Whaley answered:
All of my investors use Washington Federal. I also have another lender if you are interestedm, but mainly my people have been using them.
0 votes 18 answers Share Flag
Tue Jun 7, 2011
Randy Hooker answered:
Whatever you do, please don't make any major financial decisions based on answers on a national from agents that may or may not know what they're doing.

Best advice - secure the services of an experienced, local real estate agent.

All the best!
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0 votes 18 answers Share Flag
Tue Nov 29, 2011
James Wehner answered:
I believe it's mostly to blame on the loose underwriting and low down-payment programs. The less someone has invested in the home, the more likely they will walk away. Also Debt to Income is a huge factor. I just read an article that of the people surveyed, 75% said if they missed one weeks paycheck, they would be in financial trouble. NOT good news! ... more
0 votes 20 answers Share Flag
Thu Dec 9, 2010
Randy Hooker answered:
Great question for your buyer's agent! What does s/he say?

In my experience, you could be looking at anywhere from 3-18 months to get final approval from the lender(s).

Also, you should be aware that over 50% of short sales NEVER get approved.

Best of luck!
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0 votes 18 answers Share Flag
Tue Jun 30, 2015
Michonne Hults answered:
Hi Walt. I live in the North Scottsdale area and I can set you up with auto-emails of all the active listings with your criteria. I would be happy to help you. Please feel free to give me a call.

Thanks and have a great day!

Michonne Hults
Realty One Group
8563 E. San Alberto Drive
Scottsdale, AZ 85258

Cell 480-248-5334

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0 votes 23 answers Share Flag
Thu May 7, 2015
Joseph Domino answered:

You have not mentioned your price range. There is a tremendous amount of variety in N. Scottsdale. Some of the areas I like include, Grayhawk, D.C. Ranch, Terravita, Bellasera and Desert Mountain (far north).

All are gated, secure, upscale with loads of amenities. All these communities have large "snowbird" populations. There is just so much to choose from today, at great prices, that you need to identify which amenities are most desirable for you and narrow down your search.

Let me know how I can help.
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0 votes 6 answers Share Flag
Fri Oct 29, 2010
Laura Myers PLLC GRI, CLHMS answered:
Hi there
There are covers you can walk on and a few pool companies that provide this. They would have to confirm the maintenance component.I can give you my pool guys number if interested.
If you won't use a pool though why pay for it?
Laura Myers
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0 votes 6 answers Share Flag
Sat Sep 13, 2014
Laura Myers PLLC GRI, CLHMS answered:
Based on appraisal yes. How much higher depends on the market. For an investor its higher carrying cost so no pool is ok if it fits your needs. Pool or no pool there will always be a buyer for your home. Just make the home you choose ... more
0 votes 32 answers Share Flag
Wed Sep 22, 2010
Don Tepper answered:
I don't know whether those people are good risks for mortgages.

But I do know that subprime lending was horribly abused a few years ago. It was terrible for the real estate business.

Not everyone is cut out to own property. And even some who are, aren't in a position now to buy. Not just because they're unable to qualify for a mortgage, but because they'd be too great a risk.

You refer to people who have "good income" and a 580 FICO score. That tells me that they're not so good at managing their money. That good income comes in, and it goes right back out. Maybe, despite that "good income" they're not paying all their bills. Or maybe they're overleveraged on their credit. There's a reason for those low scores, despite their "good income."

As for the folks with "good jobs and decent credit," that's fine. But the recent short sale says they were either unable or unwilling to live up to their mortgage obligations. And that raises at least a yellow (and possibly a red) flag with a lot of folks.

Besides, you've already got a subprime lender out there. FHA. For just 3.5% down and middling credit, most folks can get a loan. FHA has taken the place of Countrywide and American Home Funding. Wait a year or two and let's look at those default rates.

Here's a blog I wrote--a book review of The Big Short by Michael Lewis. After you read the review, buy the book:

People ought to buy when they're financially able to buy. Not before.
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0 votes 3 answers Share Flag
Thu Dec 2, 2010
Tracey Martin answered:
Several months back Fannie Mae changed their short sale guidelines. Previous guidelines allowed a borrower, who never missed a payment, to purchase another home right away. Now it does not matter whether a payment was missed or not, there is a two year,minimum, waiting period. Another change in the guidelines is that the borrower must have 20% down to purchase in 2 years. If the borrower does not have 20% to put down, they must wait 3 years. FHA has a 3 year waiting period requirement for everyone who participated in a short sale. You can find the guidelines online. ... more
0 votes 2 answers Share Flag
Thu Aug 19, 2010
Jason Grandon answered:
Hello J,

Good question and the answer is yes, you can offer anything at anytime. Just keep in mind, that many people think because a home has been sitting for a long time that they can come in and steal it. There are many reason why the home has not sold and many times, the banks will not let it go. Other times, there may have been a renter in it and many more possiblities. The best advise I could give you is to hire a realtor. Interview 3-5 realtors. Choose the one you connect with and has "YOUR" best interest. Look at comps, discuss your goals and then go out and make offers on the homes you want. Your realtor should be able to guide you and help you make the best descisions. One final tid bit, if a home has been vacant for some time, make sure you do a home inspection. Tehre are a ton of crazy things going on with homes these days. Good luck on your search.

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0 votes 14 answers Share Flag
Fri Apr 29, 2011
Jeffrey Masich answered:
Dear Tyson:

If you do not want to go to a service that for a fee summarizes all of the public/private auctions. You can go to each individual auction website.

A large one is Hudson and Marshall. Hudson & Marshall is the nation's leading real estate auction firm specializing in foreclosure listings. To view their listings, click:

However, there are many more.

Firms that consolidate auction sites do not do this for free. There is work involved. If you do not want to pay their fee, the best thing to do is log onto the top auctions sites that have properties in your area of interest.

Note, many of the auction homes are ones that are damaged and the lender did not want to make the repairs to sell at a higher value through a foreclosure listing using a Realtor. So, be careful on these auction homes.

To see bank owned foreclosure homes listed on the MLS with some buyer rights built in during the inspection process, click:

Feel free to ask if you have any questions.

Jeff Masich, Realtor
Arizona Homes and Land
HomeSmart Scottsdale
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0 votes 6 answers Share Flag
Sat Nov 8, 2014
Jack Eller answered:
The land lease in this community varies from around $700/mo. to over $900/mo. It is a 100 year land lease that began in the late 1070's. There was a substantial increase in this community's land lease rate in 2009. In addition there is an HOA here. If you are not working with a Buyer's Agent, please contact me at 602-463-2040 or I'd like to consult with you to find out your objectives. I'll be glad to help research and get more definitive answers to your questions. ... more
0 votes 8 answers Share Flag
Mon Sep 23, 2013
Anna M Brocco answered:
What is your agent suggesting--he/she is your best source of advice. If you haven't done so, do review recently sold similar units in the immediate area; see what the data suggests as to a fair offer--keep in mind that if priced on target for today's market or slightly below, multiple offers may occur. ... more
0 votes 11 answers Share Flag
Sun Aug 8, 2010
Shawn Brown answered:
Hello Gary -

I live over here - and the planes do fly overhead, but they are high enough you don't hear them... I would be happy to email some listings in the area... Please contact me any time...

Shawn Brown
Designated Broker
North American Fine Properties
8765 East Bell Road Suite 210
Scottsdale, AZ 85260
Office: 480-998-0101
Fax: 480-998-0106
... more
0 votes 9 answers Share Flag
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