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85268 : Real Estate Advice

  • All27
  • Local Info0
  • Home Buying12
  • Home Selling2
  • Market Conditions2

Activity 37
Sun Feb 20, 2011
Dan Tabit answered:
Ange,
Both are damaging, but I believe the foreclosure is worse. If you are able to work with the lender the damage may be lessened. Generally a short sale will have less long term ramifications than a foreclosure. If it's possible to start making payments and the lender will modify the loan, this may be the least damaging. ... more
0 votes 9 answers Share Flag
Mon May 12, 2014
Stew Keene answered:
Hi Bill and Ann, Fountain
Hills was made for you two. It's primarily a township for snow birds or second home owners who want to escape the winter months. The community is small and the town feels that way. It's got most the amenities you'll need. The chaimber of commerce has a TON of area informatioin there so when you arrive be sure to stop in there and ask pllenty of questions. See you soon! ... more
0 votes 22 answers Share Flag
Thu Sep 30, 2010
Dd answered:
To further clarify---- what I am asking is if I bought the home this year - when can I refinance and use the appraised value instead of the purchase price on a no cash out
0 votes 2 answers Share Flag
Fri Jun 11, 2010
Temporarily Off-line answered:
If you have concerns about your agent, you should talk to their managing broker.

Not quite sure of your situation. Sounds like you may have been offering on a short sale and the bank foreclosed? Not unusual, happens a lot. ... more
0 votes 4 answers Share Flag
Mon Oct 25, 2010
Jim Mitchell answered:
Hi Kosal. Please consult with your agent regarding the cancellation of your inspection. As agents who do not have a working relationship with you, the participating agents here on Trulia are not supposed to comment on specific events or transactions, simply give general advice and answers to 'general' questions.

Your agent can access the MLS directly, and can pull up the home you are buying and get the most up-to-date information available.
By searching our ARMLS website with the property address and/or the MLS #, it will pull up the property history and current data.

What you are seeing is likely 'old' information on a website that does NOT pull from our local MLS and update the info very often. Simply 'Googling' the address of the home your're buying or the Zip code is likely to give you information that is out of date.

I've had buyers pull up old MLS #'s and prices on homes from as long ago as one year, and it often gives conflicting information versus what is actually current and up-to-date.

Hope that helps!

Jim Mitchell
Century 21 All Star, REALTORS
... more
0 votes 5 answers Share Flag
Wed May 22, 2013
Peggy Roberts answered:
Possibly so! With an office in downtown Fountain Hills (West USA Realty), we are happy to work with our buyers to find a home that meets your specific needs and situation. If that means finding a home in which seller financing is a possibility, we would search for that. While most homes are not currently sold with seller financing today, there's always a possibility. The likelihood of success also depends upon your financial situation, credit history, the amount you have for a down payment, the terms you'd be able to offer the seller and so on. Send us an e-mail -- we'd welcome the opportunity to be of service. ... more
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Wed Mar 24, 2010
Joseph Domino answered:
Once we find the home that meets your needs we will submit an offer to the Seller. Obviously a cash sale gives you additional leverage over other offers, but I should caution you that in this price range most bidders will be well qualified so any offer will be considered serious.

Typically with cash sales the Seller likes to see Earnest Money at around 10%, but any substantial amount will work. Because it is a cash sale closing should go quickly as we will not have to wait on the lender to get their work done. You also will have some options with regard Title Company, Appraiser, Inspector, etc. since we won't have a lender to appease.

These types of deals usually go very smoothly.

By the why, this is a great time to buy in Fountain Hills. It is still relatively undiscovered.
... more
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Fri Jan 22, 2010
Robert Greenblatt answered:
Hi Lulu. Chek the follwing website.
www.vrbo.com

~Robert Greenblatt
Keller Williams
Cherry Hill, NJ
0 votes 0 Answers Share Flag
Thu Nov 19, 2009
Susan Usilton answered:
Fountain Hills just completed a new "vision" concept for the downtown area. Various aspects of the concept may (or may not) be implemented over the coming years. The town is currently trying to implement one recommendation - planting more trees in Fountain Park. This is unlikely to affect housing at all. It will just make Fountain Hills an even nicer place to live! ... more
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Fri Jul 24, 2009
Travelfan01 answered:
Express Bus

Express Route No. 512 has local weekday service into the Valley, with the buses departing at 5:55 and 6:13 a.m. at La Montana Drive and Palisades Blvd.

The buses travel south on Palisades Boulevard and west on Shea Boulevard into Scottsdale and the metro Phoenix area. Several boarding places are possible along Palisades, where Valley bus stops are located.

The buses arrive at 17th Avenue and Jefferson at 7:32 and 7:51 a.m., respec­tively, after making several stops in downtown Phoenix. The return trips to Fountain Hills arrive at 5:47 and 6:24 p.m. The express route allows for connections to more than 15 Valley Metro bus routes.

The cost is $2.75 daily or $85 for a monthly pass (as of July 1, 2009). Patrons also can use their VISA, Master­Card, debit card or a check to pay the fare for Valley buses; for more informa­tion call (602) 253-5000. Discount fares are available for youths 6-18 years old and seniors age 65 and older.

Long-term fares can be arranged online, through the mail, at transit centers, certain retail locations or on the bus.

The Fountain Hills Library has copies of “The Bus Book,” which includes full details and maps of all bus routes in the greater Phoenix area. All of this and other information is available at www.valleymetro.org.
... more
0 votes 2 answers Share Flag
Tue Apr 28, 2009
Vicky Chrisner answered:
What blog, Erica? There are SO many on this site.
0 votes 1 answer Share Flag
Sat Jan 23, 2010
Steve Belt answered:
Fountain Hills didn't see quite the boom that the rest of Maricopa County saw. It's always been a little more relaxed pace in Fountain Hills. At the same time, the area is feeling the effects of the current housing slump.

I tend to equate the Fountain Hills housing market with broader Maricopa County's condo market. Slow to react on the up tick. Quicker to react on the down tick. Overall, slow and steady.

When will it rebound? If anyone knew that for certain, they probably wouldn't share. In my opinion, the evaporation of many people's retirement funds, due to the significant declines in the stock market suggest Fountain Hills may be in it for longer than other parts of the Phoenix area.

Getting to your price question. There are a couple of homes under $1M that might meet your criteria, another 6 that feel between $1.2 and $1.9M. With a super nice home at $2.25M. Overall, not a huge number of homes to choose from, currently.

If you'd like more details, feel free to contact me. I'd be happy to chat further.
... more
0 votes 6 answers Share Flag
Fri Jun 11, 2010
Stew Keene answered:
Wendy,

Technically what you do is write an offer on the auctioned property.

Typically what happens from my experience is these auctioned properties don't actually get sold at auction because the banks minimum is not met.

Would you like more information on how to write an offer?

Stew Keene
Signature Realty Group
Scottsdale/Fountain Hills, AZ
... more
0 votes 3 answers Share Flag
Sun Nov 2, 2008
Tylee Leighton answered:
Jim,

Your observations really illustrate the reality that real estate markets are local. The media portrays the entire valley as being in a housing crisis when the reality is there are distressed markets in the valley. Places like Fountain Hills, Paradise Valley & Scottsdale have not seen the level of distress and decline which other parts of the valley have seen. This is not a surprise since these were not markets where the vast majority of 2004/2005 speculatory purchases were made.

You are correct about the financing issues. We have another round of ARM adjustments coming next summer, many of those JUMBO loans - so unless something is done to stem the tide of foreclosures we will continue to see distressed property skewing the values lower. Once we get through this glut of distressed inventory, we will see stabilization of prices. The number of sales is going up and seems to have stabilized to a certain degree nationally based on the stats for recent months.

Tylee
... more
0 votes 2 answers Share Flag
Wed Feb 6, 2008
Steve Belt answered:
Thu Jun 20, 2013
Steve Belt answered:
Right now, there are 483 single family homes listed for sale in Fountain Hills, with an average days on market of 180 days. But that's across all sizes of homes, from 1000 sq ft, to 18,000 sq ft. Not a very useful statistic really.

In Fountain Hills, the quality of the view is a serious determinant to days on market, of course, along with price and property condition. Right now is basically the start of the strongest buying/selling cycle that Fountain Hills sees each year.
... more
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