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85255 : Real Estate Advice

  • All38
  • Local Info4
  • Home Buying16
  • Home Selling2
  • Market Conditions2

Activity 354
Tue Mar 20, 2012
Donald Keys answered:
Below is a link to 199 homes in Scottsdale with .5 acres or larger. You can click on the MAP button to see what areas these homes are. I hope this help.

Donald Keys
REALTOR Since 1997 ... more
0 votes 10 answers Share Flag
Wed Dec 10, 2014
George J Filippi answered:
There are one motel/hotels within 1 mile of this condo going west and another within 3 miles going east..
0 votes 11 answers Share Flag
Sun Mar 17, 2013
Pat Homan answered:
Yes, the spectulations were that the market would start to come back in 2014 - we are so happy to see the market not only increase in activity, but also in the pricing.
0 votes 6 answers Share Flag
Thu Mar 15, 2012
Scott Godzyk answered:
VOICES is not really the correct spot to place an ad. It violates the terms of service and you may be flagged. You should put this in your blog where it allowed and will get more exposure to agents than in the question and answer section of Trulia. Good luck with your listing ... more
0 votes 2 answers Share Flag
Sun Mar 31, 2013
Robert Chevaleau answered:
Hi Remo,

Depends what kind of lot you're looking for. There are lots of horse properties up that way, anywhere from 1-5+ acres. Some can be subdivided, some cannot. Developers (DR Horton, Toll Brothers, etc) have a hold on some of the larger tracts of land, but there are undeveloped plots available up this way also.

I live in the area and am happy to help with your search. Drop me a note via Trulia if you'd like more information. There's land out there to build upon, for sure.
... more
0 votes 8 answers Share Flag
Mon Mar 12, 2012
Jason Mcneal answered:
The underlying fundamentals of appreciation are supply and demand; therefore, scottsdale should see positive appreciation over the next 5 years as supply is low, demand is strong and it looks to stay that way for the near future. What parts of Scottsdale might do best? Well, I like both Old Town and North Scottsdale for long term growth prospects, but all in all, I think people are better off scouring for a deal than trying to horse pick certain areas.

My 2 cents...
Jason
480.258.1305
... more
0 votes 6 answers Share Flag
Fri Apr 20, 2012
Jason Grandon answered:
Besides being INCREDIBLY GOOD LOOKING? :) Your agent should work for you. This is a job and you are the employer. Listening to what you want and need. Going that extra mile to make sure that "the job" is done correctly. Your agent should be on top of issues that arise before they affect you. The agents job is to make sure that your home buying experience is stress free. With that said, YOU as the employer have some responsibility too. Once you set out your job description, you have to ensure that is communicated to your agent. Make the goal obtainable. Your agent should be available on evenings and weekends.
There are many good agents and a ton of bad ones. Treat it like a job and if "YOUR" company is hiring, then interview and find the best "EMPLOYEE" for the job.

Thanks for your time

Jason Grandon
Equity Builders Realty
480-276-2954
... more
0 votes 9 answers Share Flag
Mon Nov 12, 2012
Brenda & Ron Cunningham answered:
You should try to use the Arizona Association of Realtors lease form as it has more protections for buyer and seller in it. Also try to get a "home purchase clause" put into the lease if you are going to want to purchase a home in the future. This can help so that if you find a great home you don't have to wait for your lease to end, or pay for a few months of lease payments and house payments. Some lenders will not qualify you if your ratios won't hold both payments.

Also check to see if the home is in foreclosure as there are some owners trying to get a little money prior to a foreclosure and not telling the tenants that they will have to get out soon.

Best Regards,

Brenda

Ron & Brenda Cunningham
West USA Realty
602-980-3133

***** Recognized in the Phoenix Business Journal as "One of the Top 50 Realtors in the Valley" *****
... more
0 votes 3 answers Share Flag
Tue Mar 6, 2012
Lorrie Feld, ABR,GRI,SRES, answered:
Since you don't have communication with the lender yourself, you are relying on the listing agent and their experience. Depending on the bank and how many loans there are will usually determine how quickly or how long the process will take. Also will depend on if there was already an approval on it and the buyer walked. In general the process most likely will take at least 90 days to receive approval. If you have the patience and don't mind waiting, you can get a good deal. The pitfall would be that you waited all this time and the bank doesn't approve the short sale and it ends up going to foreclosure and you wasted all that time. Today many of the banks would rather do a short sale than a foreclosure, so hopefully that won't happen as long as the offer price is pretty close to fair market value.
Good Luck in your search
Lorrie Feld
Keller Williams Integrity First
480-570-1074
... more
0 votes 7 answers Share Flag
Thu Mar 8, 2012
Stew Keene answered:
Hi Trulia,

I have a web site that has a page with some outlines for buying in Arizona. I wrote it as a resource for a general outline to help buyers.

http://stewkeene.com/phoenix-home-buyers-assistance-guide/

There are so many circumstances that vary from buyer to buyer and the property type that there really is no ons size fots all tips list to cover all those. I'll do the best I can though with these suggestions.

I would say that the biggest and in my opinion one of the most important things that should be at the top of any buyers check list is Financing. Buyers need to first understand what they can purchase. Mortgage financing has changed dramatically in the last few years. Buyers are put under a lot of scrutiny so any credit issues are best taken care of before you get feet deep in a purchase contract only to find out you can't qualify for a mortgage.

The second of course is working with a Realtor who will provide the lever of service needed with 1st time home buyers, preferably an experienced Realtor. Since I also have a lending background I kind of have an advantage over most Realtors because I have seen both sides of the story.

The 3rd might be to work accurately and be organized with your searches. I provide a real time Phoenix MLS Search from our Realtor MLS so that clients can look for homes that are "truly active" unlike most IDX search engines that will pull in AWC properties (Active With Contingent Offers) which are typically short sales. It saves them a lot of time and greif. They can also save their homes they find in a search portal that I can later review and organize a list for our home showings.

The 4th would be to understand that short sale properties are starting to dominate the market and they should be prepared for that with an understanding of what's the level of expectation should be once an offer is accepted by the seller. Short Sale contracts can take months to close, generally 4-6 months.

Lastly, be aware that Bank Owned or REO properties for sale by lenders usually have no property history disclosure and are sold in "as is" condition. Some will make repairs some will not. You are best to consult with an experienced realtor about Foreclosed Home purchases before writing an offer.

I would invite any First Time Home Buyer (or not) to take a look through my web site and review some of the great tools there which of course are at no cost.

Remember, Sellers Pay Buyers Agents to represent Buyers so there is essentially no cost to any buyer to have real estate representation!

Stew Keene - Professional Real Estate Agent - Scottsdale And Phoenix
... more
0 votes 4 answers Share Flag
Thu Mar 29, 2012
Shanna Rogers answered:
Hi Elena,

Until there is a signed contract (signed by all parties) offers can be accepted. Even after there is a fully executed contract, backup offers can be accepted. If there are multiple offers, some sellers will counter offer all offers asking for 'highest and best'.

Shanna Rogers
SR Realty
www.RealtyBySR.com
... more
0 votes 12 answers Share Flag
Fri Oct 31, 2014
Kathy Camamo answered:
Hi. I would be happy to help you. Been selling real estate for a long time. Is the section 8 tenant staying? Are you upsidedown in the property?

Kathy Camamo
Broker Associate
West USA Realty Revelation
602 614 3842
www.kathycamamo.com
... more
0 votes 7 answers Share Flag
Sat Mar 3, 2012
James Wehner answered:
All costs are negotiable except one instance. The buyer could pay all or none of the seller's closing costs as well as the seller can pay all or none of the buyer's closing costs.

It depends on the situation regarding who pays for what closing costs. The only time it's not negotiable are when it's a VA loan. There are costs that the seller must pay for the buyer, the escrow fee and tax service contract.
... more
0 votes 5 answers Share Flag
Tue Jul 3, 2012
answered:
I just finished my video on what's going on in 85255.

http://screencast.com/t/JJ6LSq60wyuS

The land just north of Scottsdale after Grayhawk will eventually be developed, however, it is cheaper to buy today than to build.

Los Portones commuinity has gone up in price due to Canadian demand for that kind of development.

Hope this helps!

Terry S. Smith
Scottsdale Luxury Homes
DPR Realty LLC
8341 E. Gelding Drive
Scottsdale, AZ 85260
Direct (602) 763-1858
ScottsdaleForeclosures@Gmail.com
... more
0 votes 6 answers Share Flag
Sat Jun 8, 2013
answered:
Paint is the biggest bang for you buck.

KEEP the colors neutral.

Go look at new home models to see what colors are popular today.

Hope this helps!

Terry S. Smith
Scottsdale Luxury Homes
DPR Realty LLC
8341 E. Gelding Drive
Scottsdale, AZ 85260
(602) 763-1858
... more
0 votes 8 answers Share Flag
Mon May 7, 2012
Chris & Michelle Spalding answered:
I remember clearly moving into my first 1200 sq ft home when I was 25. This may not apply to you, but heres some things that applied to me over 16 years ago. I realized I didnt own much furniture, and certainly not enough for a single family home! I had not planned for additional expenses after I had moved in, the first shock was window coverings, I had to spend over 2k on blinds. The next was landscaping, my home was new and I soon found out how easy it is to drop 5-10k even on a very basic yard. As far as the purchase itself, I had 5% down payment saved, and the transaction itself was very smooth, it was the after move in shocks that got me! Hope this helps! ... more
0 votes 2 answers Share Flag
Wed Feb 29, 2012
Rescue Realty AZ answered:
Tue Oct 15, 2013
Howard Rudin answered:
In my opinion, home prices bottomed out a while ago - maybe a year or so and are working their way up slowly. Of course this could change and reverse at any time as market conditions change continually. I see this evidenced by the following: The number of properties available in Scottsdale today as compared to a year ago is severely down, low priced properties are rapidly going away. I also see bidding wars on any property that is in good condition and priced well. Finally, I see so many buyers entering the market as first-time home buyers, vacation home buyers and investors. With interest rates at all time lows, it is truly a great time to buy. If you are thinking about getting into a property, get yourself pre-approved and start looking soon. If you need help, I or anyone else here on Trulia can give you great guidance and professional help with your purchase. Wishing you only the best in your home search! ... more
0 votes 12 answers Share Flag
Mon Feb 27, 2012
Marie Souza Team answered:
Bonnie - Start making calls to area companies who deal in rentals. You'll have better luck than posting here, as not all agents use Trulia.
0 votes 1 answer Share Flag
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