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Home Buying in 85255 : Real Estate Advice

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

Activity 159
Thu Jul 8, 2010
Lucinda Tkach answered:
They usually follow the appraisal from FHA lender!

However your agent should be able to answer this!

You would want it working so should ask for repairs!
0 votes 4 answers Share Flag
Sat Jul 3, 2010
Shawn Brown answered:
It is important that you select an agent, and go with it! You do not owe any of the agents who have been sending you listings anything. It is the one you select based on your wants and needs to find you a home that will be paid by the seller of the home you buy. Some agents even pay you for selecting them, by splitting commission with you or by giving up a portion of their compensation to discount your home price and save you money.

Please call me at 480-998-0101 or email me at shawnbrown00@aol.com

Thanks,

Shawn Brown
North American Fine Properties, a BBB Accredited Business!
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0 votes 5 answers Share Flag
Mon Jun 28, 2010
Paul Welden answered:
Hi Roy,

As a Buyer's Agent, I do not like any homes ON Shea Blvd. Shea is just too busy of a road and homes that are ON a busy road, usually have a more difficult time selling compared to homes not ON a busy road, not to mention the possible discomfort with almost constant road noise from either backing to or ON a busy road such as Shea Blvd.

Now if you actually mean homes that are NEAR Shea Blvd instead of "homes on Shea blvd" ...... then that's a different discussion.

-----
PAUL WELDEN PLLC
Exclusive Buyer's Agent
HomeSmart
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0 votes 13 answers Share Flag
Sat Oct 16, 2010
Sarah Reiter answered:
Hi Michel,

I work a lot with Canadians buyers. I just had a couple close on a beautiful condo near Paradise Valley last week for a great price!

What is your price range and what amenities are you looking for? Please email me or give me a call.

Sarah Reiter
sreiter@remax.net
602.751.9478
Arizona-4-Canadians.com
... more
0 votes 16 answers Share Flag
Mon Jun 14, 2010
Kent Gagon answered:
Laurie
Did you mean what is owed on a home or who the owner on a home is? There is really no way to find out for sure but you can call a local Realtor and they can pull the last sales price and down payment on the house for you. You can also, if you know the owners info look them up on www.maricopa.gov and see what liens are attached to the home. I hope this helps if you need more info I am happy to do what I can
Kent Gagon
West USA Realty
602-980-5368
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0 votes 2 answers Share Flag
Fri Jun 11, 2010
Anna M Brocco answered:
Keep in mind that certifications are acquired by taking classes, in the end experience is what really matters; oftentimes real world is not taught in the classroom or online--therefore don't overlook experienced agents and brokers out there that may not have certifications--why not contact a few local and different realty offices, interview a couple of different agents and choose the one you like best. ... more
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Sun Jun 6, 2010
Shawn Brown answered:
Our company has handled property management and vacation rentals for Foreign Residences. I would be happy to help you find a suitable unit and give you more information - shawnbrown00@aol.com ... more
0 votes 8 answers Share Flag
Sun May 16, 2010
Laura Myers PLLC, CLHMS, GRI, answered:
Due to the year built the area was priced at peak market values (2004 up) and loans were given to all buyers even if they were 'affordable' or not. The change in economy and housing has affected those who really couldn't afford their homes or have suffered job loss or other income downturn. This is a factor for all areas of homes built in this time frame and those areas where refinancing was used to improve homes and don't forget those that used homes fpr cash out to buy 'goodies'. This area is Scottsdale, expensive, to keep up some made these decisions to be a part of area when it was too much of a stretch and when things changed they couldn't hang on. The area is desirable and buying in a time where prices have dropped and interest rates are still low the dynamic is ideal for those wanting a home at this time. We still have a majority of sales under 400k but the good homes at higher prices are still selling quick. ... more
0 votes 5 answers Share Flag
Tue Jun 25, 2013
Ann Howell answered:
Do you have a buyer's agent - that is the your go to person for this question. And yes, if the offer has not been accepted, you may withdraw - just do it in writing and do it prior to delivery of the acceptance. You will also have the inspection period in which to determine the acceptability of he property. Just be careful to follow the letter of the contract. ... more
0 votes 12 answers Share Flag
Tue May 4, 2010
Emelia Sanchez answered:
Rockalo,

Unfortunately it is not the seller's agent who sets the price. It is the seller. In this scenario the seller is not being realistic about the price set on the home. That being said.

Did your agent not check the comps prior to you submitting an offer? This is easy to do eliminating being "Played".
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0 votes 13 answers Share Flag
Sat Aug 7, 2010
Kent Gagon answered:
Homebuyer,
There could be any number of reasons, do you have some specific homes that you would like more information on? I would be happy to put together some market analysis information for you on these two areas. Things that affect value, location, condition, size of the home etc. If you want to do some general searching of the mls on your own I am including a link below that will allow you to do just that. If you want more specific information then get in touch with me and I will be happy to help.
Thank you and best of luck either way
... more
0 votes 7 answers Share Flag
Tue Apr 20, 2010
Laura Myers PLLC, CLHMS, GRI, answered:
well, negative is subjective to the perspective of the person asking...home buyers may be interested in more foreclosures making that a positive vs sellers seeing the negative as foreclosures drive prices down typically. The higher end homes $600k+ are forecast to take further decline. However, the banks are working to move their risk through short sales vs desire to take it back through foreclosure.

This gated community with mountain views and locale, schools etc make it a desirable area. I don't see a predominance of foreclosures at this time. Will there be some yes.

Laura Myers
... more
0 votes 5 answers Share Flag
Tue Apr 20, 2010
Dan Chase answered:
The old rule of thumb was that electric heat cost a lot less to install and a lot more to use. With electricity you have a serious amount of loss during transmission. With a new energy efficient furnace you have in the high 90% efficiency.

Check out the electric rates, the gas rates, and how much it would cost either way. I bet the electric costs more.
... more
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Mon Sep 23, 2013
April Crowder answered:
Magerie, the contract is between two entities - buyer and seller - and contingent upon the lender's approval of the short sale. The seller has the right to determine which offer is sent to the bank for short sale approval and that may not always be the higher offer as sometimes lower offers that are cash or have more down payment are more appealing. However, once the offer is sent to the bank, no other offers are considered until that offer is countered to, or accepted or rejected. The bank prefers to work with only one offer at at time as it confused them to get several offers. ... more
0 votes 12 answers Share Flag
Tue Apr 20, 2010
Dan Chase answered:
For your last question ask realtors in your area how the ending of the first time buyer credit is affecting traffic. In some areas people are desperately trying to buy before the free money goes away. In other areas very few people are even looking to buy a house. I have no way of knowing what is going on near you.

If you are looking long term there are things to consider. Can you now buy for less or the same amount as rent? If yes and you plan on owning it forever maybe now is a good time to buy. There is one wrinkle that will change prices even more. You are aware of how foreclosures have dropped prices. Are you as aware that going from 5% to 7% mortgage rates will take away 23.9% of buying power? As buying power goes away prices will have to drop unless wages increase dramatically. With about 10% unemployment I do not see that as likely.

When buying a house make sure you buy it at a discount below what is considered fair market value today. That way when prices drop more you will have some protection. I would say at least 10%, but perhaps more is a safer bet.

Below are some blogs to look at. Just consider what is shown there and decide for yourself what to do. They give different reasons prices could drop more in the next 2 years or so.

Does it make more economic sense to rent or to buy? Look at your numbers and see how to find out below.
http://www.trulia.com/blog/dan_chase/2010/01/does_it_make_more_sense_to_buy_or_to_rent_look_at_the_numbers_and_decide_for_yourself
Why paying more for rent might might more sense than buying under certain conditions
http://www.trulia.com/blog/dan_chase/2010/02/why_rent_if_you_could_buy_for_less_money_valid_reasons_inside
10 valid reasons to wait to buy a house
http://www.trulia.com/blog/dan_chase/2010/01/10_valid_reasons_to_wait_to_buy_a_house
do low interest rates really make it a good time to buy a house?
http://www.trulia.com/blog/dan_chase/2010/01/do_low_interest_rates_really_make_it_a_good_time_to_buy_a_house
qhat will (or could) happen when the free $8,000 goes away.
http://www.trulia.com/blog/dan_chase/2010/01/what_will_or_could_happen_when_the_8_000_buyers_credit_expires

Look at the site below.
http://www.housingpredictor.com/arizona.html
In Phoenix home sales have seen a healthy improvement, but prices have fallen at an unprecedented rate, nearly half from the market's peak. The pro-longed downturn has sustained for more than two and a half years, but should begin to see improvement in the latter half of the year. Government tax incentives and further enhancements in government backed lending are projected to aid in the markets recovery.
Broad investor buying
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accounting for nearly a third of all sales has acted to strengthen the Phoenix market. But more active purchasing has not yet developed in the higher price
ranges, and will have to before a full-fledged recovery develops. Housing Predictor forecasts Phoenix housing prices will average deflation of 11.3% in 2010.

p.s. I would not go into a bidding war. That only causes people to overpay.
... more
0 votes 4 answers Share Flag
Fri Oct 15, 2010
Richard Schulman answered:
What the owners paid and owe is not really the important question. Percentage below asking is also not important. What is important is looking at the sales comps in the area. What are similar homes selling for in that area? That is probably around where this home will sell. And if you don't want to lose out on getting your offer accepted, you should decide if the current market value of the home is worth it to you, and be prepared to pay that price. If you are working with an agent they can talk to you about offer strategies. They may be able to talk to the selling agent and find out if other offers are in. If there aren't, maybe you have a little leeway to offer lower and allow the seller to potentially counter back.

In any case, talk to your agent - if you don't have one, you should consider working with one, they are an invaluable resource for answering questions like this and representing your best interests - if you need a referral for your area, let me know Talk to them about offer strategies . Talk to them about showing you recent sales comps in the area.

Good luck,

Richard Schulman
Keller Williams Realty
... more
0 votes 12 answers Share Flag
Tue Feb 1, 2011
Laura Myers PLLC, CLHMS, GRI, answered:
With a majority of homes 94-96% are selling under $400k the range above that still has room to adjust. The time it takes depends on demand and seller motivation. As one seller moves others must and so on. In addition the level of investor movement and the like will play a role as well. The key for a home buyer is to make a deal with the product they want to buy based on the condition they are in. Interestingly enough I have buyers in DC Ranch that we started at and they were offered only back up position in all the homes they liked up to $500k so the key is the proper research if you are needing to buy now...if you just want to consider it...wait until in makes sense...the only way to view your purchase is what is valuable to you at the time you need it.

Laura Myers, PLLC, CDPE,GRI
Keller Williams Arizona Realty

You can watch sales via my website at
... more
0 votes 5 answers Share Flag
Tue Feb 1, 2011
answered:
I found ONE.

4 Bed, 2 Bath 1918 Square feet for $209,900

NOT a short sale but REO or Lender Owned Property.

Just reduced from $240,000 to 209,900

Better hurry, the $8,000 Tax Credit Expires in 19 days.

Terry S. Smith
Broker Associate, DPR Realty LLC
(602) 763-1858
http://www.ScottsdaleLenderForeclosure.com
ScottsdaleForeclosures@Gmail.com
... more
0 votes 6 answers Share Flag
Tue Jun 14, 2016
Lucinda Tkach answered:
It is an excellent time to find great values on homes in the area!

Feel free to contact me directly and I will send you listings that fit your criteria!

lucindat@longrealty.com
602-799-6846 ... more
0 votes 14 answers Share Flag
Tue Feb 1, 2011
Donald Keys answered:
Woody, you would have to investigate the SAFE potion of your request.

Here are a bunch of condos/town homes in the price range with 2/2

http://www.flexmls.com/link.html?rfqfdwemqj1,12,1

I hope this helps

Donald Keys
REALTY EXECUTIVES
Where The Experts Are
www.TheKeysTeam.com
... more
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