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Cave Creek : Real Estate Advice

  • All53
  • Local Info2
  • Home Buying8
  • Home Selling2
  • Market Conditions1

Activity 18
Wed Nov 14, 2012
Bernadene Winsick answered:
Good Morning !

Subdivision is called Lone Mountain.
0 votes 3 answers Share Flag
Fri Nov 1, 2013
Charlotte Gray answered:
I can research if you like, I live and work in Cave Creek. Are you local, if not I would be happy to stop by and speak with the sales office for you. Let me know how I may help.
0 votes 8 answers Share Flag
Sat Feb 9, 2013
Christopher Lefebvre answered:
I personally would not pay for an appraisal at this point. Have your buyer agent estimate the market value of the home for you. When you apply for a mortgage the bank is going to require (and charge you for) an appraisal at that point. I wouldn't chance wasting money on an appraisal for a home you may never be able to purchase.

You cannot purchase the house unless the seller agrees in writing with you to do so. That means that the seller has to agree on the sale price. Why pay for an appraisal or a home inspection if you don't have the home under agreement? Another party can just come in and take the house from you and you will lose your investment in the appraisal.

It sounds like the seller may have overpriced the home?

I know some great agents in Scottsdale if you would like a referral for an excellent buyer's agent to represent you. Good luck!
... more
0 votes 10 answers Share Flag
Thu Jan 1, 2015
Bill Parker, CPA* answered:
Hi Socks:

The long-term answer is "Excellent".

The questions to be asked are: "How long of a time-frame do you have?" and "How willing are you to negotiate on price and terms?"

People are always going to buy quality homes, no matter what you hear. It sounds like a great opportunity for the right Buyer looking to locate in Cave Creek.
... more
0 votes 12 answers Share Flag
Thu Jan 1, 2015
Meredith Laws answered:
Depends on your objectives. There is no measure for too much of a loss. It's worth exactly what someone will pay you for it. If it has been on the market that long - then it's one of two things: Either the buyers moving through your market didn't find it of value at the asking price; or the buyers didn't know it was for sale.

Ask your Realtor for recent comps in the area - pay close attention to SOLD properties - those are the ones people have actually opened their wallets for. What made them choose others in your price range? Is anything selling in the area in your price range? Price your property so it is the best deal on the market among the competition. Be as honest and as brutal as you can and don't take it personally! The market doesn't care how much you paid for it or what your losses are. Prep yourself for worst possible case - there is a price that you won't go below under any circumstances. If the comps show that that's where you'd have to sell it, then you are probably better off renting for now.

Good luck!
... more
0 votes 7 answers Share Flag
Tue Apr 3, 2012
Patrick Thies answered:
There are people that claim that they can get short sales approved in a few weeks, but I would plan on months. (Especially with BofA). A lot will depend on the terms of the offer and the number of short sales the processor is handling. If it gets approved sooner then 3 months great, but plan on about 3 months to be safe. ... more
0 votes 10 answers Share Flag
Mon Aug 11, 2014
Paul Welden answered:
Hi Jesse,

VA loans are as close to a free mortgage as you can get because VA eligible borrowers are not required to have a down payment. However, there are closing costs, lender fees, title/escrow fees, prepaids, etc that are required to be paid as a condition of getting a loan. Up to 4% of the purchase price can be paid by the seller towards these fees, if negotiated in your purchase contract. So, while you VA eligible borrowers can purchase a home with $0 down, borrowers still need cash for closing costs and the like.

-----
PAUL WELDEN PLLC
HomeSmart
Exclusive Buyer's Agent
... more
0 votes 5 answers Share Flag
Thu Jan 1, 2015
Debra (Debbie) Rose answered:
Actually, Kenny, you didn't give a name or address - but maybe that's just as well.
Why not ask your question directly to the person?

If this is in regard to a home listed on trulia, it can't be listed by the property owner, as" for sale by owners" aren't allowed here. All homes on trulia are (supposed to be) listed by agents. ... more
0 votes 10 answers Share Flag
Wed Oct 7, 2009
Lucinda Tkach answered:
Bryan,

It looks like a great home if I have a buyer looking in that area I will bring them!

Lucinda Tkach
Windermere Central LLC
lucindat@windermere.com
0 votes 0 Answers Share Flag
Thu Jan 1, 2015
Lucinda Tkach answered:
Sheryl,

I work have worked with many buyers in the area! I think if you purchase a home for a great price there are clients that would like to rent out there!

I think you may attract vacation rentals on sites such as VRBO.com. A full time rental is an option however there are renters attracted to that area! If your south of Carefree HWY it is easier to get to freeways if they have to transit to Phoenix or Scottsdale.

Feel free to contact me if you have any other questions! I have a complete list of homes available upon your request!

Lucinda Tkach
lucindat@windermere.com
... more
0 votes 4 answers Share Flag
Thu Jan 1, 2015
Lucinda Tkach answered:
I have a whole list and very familiar with the area!

Let me know the price range and home size, ect and I would be happy to select some and sent them to you!

Lucinda Tkach
Windermere Central
lucindat@windermere.com
... more
0 votes 6 answers Share Flag
Sat Nov 8, 2008
Stew Keene answered:
Hi Steve,

Looks like your busy on Trulia this morning :-)

Sounds like you have a great outdoor kitchen to me.

The BBQ is actually it's own oven.

Stew

Stew Keene
Ph (480) 220-7491
Fax (866) 711 8573
StewKeene@yahoo.com
Keller Williams - Scottsdale, AZ
2008-2009 Master of Real Estate award recipient
ABR, GRI, ePro, CNE, MRE, AHWD
... more
0 votes 4 answers Share Flag
Sat Nov 8, 2008
Stew Keene answered:
Steve,

So many different "opinions" are likely to pop up here, but here's my 2 cents...
(remember the Realtors are Realtors, not appraisers)

If you are using it for a garage, NO.

It would have to be an enclosed building like a casita or guest quarters. No garage door.

To make this simple, since it is separated from the home, it has to be almost it's own home, not a garage style building.

So, if it looks like a Duck, Walks Like a Duck.... You get the picture.

Does that make sense?

Hope this helps you. I have 2 appraisers I work with that I can provide you contact information for that you can speak to regarding this if you are interested. They are local and highly experienced and would probably be the best resource for you to conform this information.

I'm always here to help.

Stew

Stew Keene
Ph (480) 220-7491
Fax (866) 711 8573
StewKeene@yahoo.com
Keller Williams - Scottsdale, AZ
2008-2009 Master of Real Estate award recipient
ABR, GRI, ePro, CNE, MRE, AHWD
... more
0 votes 5 answers Share Flag
Fri Sep 10, 2010
Vera Wallace answered:
Anna, I would recommend a local real estate agent to help you with your purchase. Remember it costs you nothing to use an expert as a buyers agent. What do you have to lose? If you would like me to make a referal just contact me and I will be happy to help. Good luck Cave Creek is a very nice area.
Vera Wallace
Long Realty
Marana AZ
520 918-5730
... more
0 votes 8 answers Share Flag
Thu Jan 1, 2015
Tammy Campbell answered:
0 votes 13 answers Share Flag
Mon Oct 15, 2007
David Dion answered:
I just went into the MLS and ran the report for you. Right now, there are 568 single family homes on the market in Cave Creek. For the lowest priced 250 properties, the average days on the market is 146. For the 88 homes priced over $1,000,000, the average days on the market is 214!!!

There are currently 36 homes pending or under contract in all of Cave Creek right now. These homes have been on the market about an average of 200 days.

So far in 2007, there have been 359 homes sold. It appears these were on the market an average of approximately 150 days. This shows that homes that are priced correctly will sell and those overpriced will sit.

Hope this helps. I am working on a Cave Creek website. See link below.
... more
0 votes 6 answers Share Flag
Wed Jul 11, 2007
Trulia Roger answered:
Hi Arlene,

Trulia's real estate guide should be able to help. We show tons of information about price trends over time.
0 votes 2 answers Share Flag
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