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Home Selling in 85385 : Real Estate Advice

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Activity 6
Wed Dec 26, 2012
Paulette & Duke/Hope Davis answered:
Yes, I have sold several manufactured homes here in Peoria, AZ. I have represented both the buyer and the seller on various transactions. If you like, you can check out my website - ... more
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Thu Oct 3, 2013
Tony McMahon answered:
Commission is always negotiable. You must keep in mind however that the commision is split between the buyers side and the sellers side and each broker takes their share before the Realtors get payed. Realtors spend a lot of money marketing and showing properties as well as many other fees paid throughout the year to be a licensed Realtor, We do a lot of work with out being payed for it and are only payed when we complete a transaction. So yes commissions are negotiable but you also get what you pay for. ... more
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Tue Apr 12, 2011
Barry Smith answered:
Hi Nancy,

Home prices are about 1/2 of where they were in 2008 which is the bad news but the good news is that if you are planning to purchase another home, you will only have to pay about 1/2 as much as you would have if you sold you home in 2008. Please call me or email me if I can be of any further assistance.

Barry Smith- Desisgnated Broker
Arizona Fine Luxury Properties
Tel 602-377-0505
... more
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Sat Feb 6, 2010
Sandy And Jay Souilliard answered:
WEll,,,it is like this. The short sales and foreclosures are not for everyone! they can take a very long time to go to closing and there are a lot of unknowns with a property that is in poor condition . (even if you have an inspection) The bank willl not pay to get anything fixed. It happens, but it is rare and I would not count on it.
If you are on specific timeline or get nervous waiting for answers, it is probably NOT for you.
Buying a regular home that is on the market is much easier as a rule. As long as you have your financing in order and there are no major glitches with the inpection .
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Tue May 14, 2013
CCC answered:
If you short Sale you wont be able to buy a home again at least for 2 years.
If you go to foreclosure, worst.
If you live on the property, your family wont fit.
then, Rent it. You might not get the whole Mortgage payment but that could be better than have bad credit.

Anyway, you might not be able to buy another property because you are underwater and lately Lender are requestion to have equity on properties to buy another one.

Could your "Family moving in" apply for a Mortgage and be approved?
Maybe you dont need a larger home, you need another home for your Family moving in.

Good luck.

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Thu Sep 15, 2011
Keith Sorem answered:
that is a great question.

We just went through that with an applicant to lease some condos. A smart person who is going to be selling their home with a short sale should know that the lender will want you to participate in the short sale. That means they are not going to let you keep a big chunk of cash. It might not be a bad idea to get a place now, give them the deposit, so you are set when yours sells.

Many landlords will run a credit report and normally to qualify for a short sale your credit should already be affected. I am confused that you have excellent credit and your accounts are current and they have approved you for a short sale. Are you sure? That makes no sense to me.
... more
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