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Chandler : Real Estate Advice

  • All386
  • Local Info18
  • Home Buying140
  • Home Selling14
  • Market Conditions14

Activity 221
Tue Mar 8, 2011
Doug McVinua answered:
Cathy

The answer is we could likely accomplish that goal. We may have a hurdle or two to overcome in doing so, might be best for us to talk about the details.

Lets talk soon about the details that you might not want to air on a public site such as this.

Doug McVinua
HomeSmart

Arizona Homes For Sale by a Guy from Iowa
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0 votes 9 answers Share Flag
Thu Mar 3, 2011
Ryan Smith answered:
Hi Jodi,

The bank will always say the sale is in "as is" condition but if there are some safety concerns you maybe able to negotiate with the bank or possible the seller depending on the situation. Talk to your Realtor when and if the time comes.

Good Luck!
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Mon Feb 28, 2011
Ron Hall answered:
Do you live in the US? Do you have a valid work visa for at least 3 years if so? Do you file US tax returns? Unless we can verify your income , and the continuance of it you will have a difficult time going with FNMA / FHLMC, or ... more
0 votes 2 answers Share Flag
Sat Jan 29, 2011
Stephanie Weiss answered:
Karen, notify Trulia at customersupport@trulia.com.

Stephanie Weiss
ValleyWide Property Services
480.273.7472
0 votes 7 answers Share Flag
Mon Jan 24, 2011
Chris Dunham answered:
Email me and I'll send you a direct link to the Springfield Neighborhood
Thanks
Chris
RLS8GUY@YAHOO.COM
0 votes 6 answers Share Flag
Mon Jan 31, 2011
Tony McMahon answered:
That can really be a toss up depending upon market conditions, Are the values there stable , falling , or rising? There are many things to take into consideration, What will be the cost of owning as apposed to renting? If home values increase over the next 4 years with the mortgage interest deduction and potential equity increase it may be worth it. There is quite a bit of math to do on your behalf however, and we can at this point only speculate on the future of home prices. I recommend you speak with a good local lender to discuss all of the financial implications. ... more
0 votes 6 answers Share Flag
Fri Jan 7, 2011
Ben Brooks answered:
This home currently has an offer on it but it is contingent on selling another property. Feel free to call me and I can explain the possibility of placing an offer on the property without a contingency that may be able to get the home. 480-570-1010 ... more
0 votes 11 answers Share Flag
Sat Oct 12, 2013
Sandra Paulow answered:
Commission rates are not set, they will vary from area to area and the type of property being offered for sale. Ask your agent what they feel is an acceptable rate of compensation.
0 votes 24 answers Share Flag
Wed Nov 24, 2010
Anna M Brocco answered:
In order to best protect yourself, consider consulting with an attorney who specializes in real estate--he/she can best advise.
0 votes 14 answers Share Flag
Thu Nov 4, 2010
Rich Homer answered:
A, so sorry for your troubles. Contact a local real estate attorney for a free 30 min consult on this and have all paperwork with you.
0 votes 11 answers Share Flag
Thu Oct 21, 2010
Ryan Smith answered:
There are several sources to find this information but my best suggestion would be ask a local Real estate professional in your area. Most will do it for free!

Good Luck!
Chris Blasic ... more
0 votes 16 answers Share Flag
Wed Oct 20, 2010
Ted Canto answered:
I would say the grapevine is correct. Most of the triplex were rented by low income Hispanic families. These properties have been hit hard by SB 1070. You will here yah-hoos keep battle crying how illegals need to get out but the majority of them are gone (at least from AZ). Most of central Mesa is abandoned. However, you may very well get some cheap buys still worth purchasing. ... more
0 votes 12 answers Share Flag
Thu Dec 9, 2010
Dan Tabit answered:
Boo,
Chances are, not right away. There are lots of questions I would need to research before I could say no, but the odds are against you for at least 2 years. To get a useful answer, you should meet with a mortgage broker and discuss your situation in full. When all the facts are on the table, they can advise you and give you a plan whether for now, or later. ... more
0 votes 18 answers Share Flag
Wed Sep 15, 2010
Jeremy James Jack answered:
Tom,

You may have luck with a mortgage broker, they will have more creative financing available with still competitive rates...Good Luck, I have seen this senario before , you might be OK according to what your total situation looks like, Good Luck...! ... more
0 votes 11 answers Share Flag
Mon Jan 3, 2011
Sara Pichelmann answered:
I think Fannie Mae has some great buys and are easy to work with. I would not rule them out.
0 votes 18 answers Share Flag
Sun Sep 12, 2010
Sharon and Paul Scholl answered:
Tuscany is a beautiful subdivision. If I were considering this area, I would ask people who presently live there about the noise levels, etc. Buyer advisory speaks to these situations and it would be up to you to investigate. As a Realtor, I cannot steer you towards a particular subdivision. As far as future resale value, that can be a tough answer because no one really knows, however I would be more than happy to get comps in that subdivision for you to see what is actually happening now. A lot of this depends on how many short sales and foreclosures are in Tuscany. Please give me a call or email me if you would like some additional information.

Good luck in your search for a new home.

Sharon Scholl
Keller Williams Realty Sonoran Living
480-206-4157
schollsky@gmail.com
... more
0 votes 7 answers Share Flag
Wed Jul 28, 2010
Grace answered:
Tue Jul 27, 2010
Randy Hooker answered:
0 votes 5 answers Share Flag
Tue Jul 20, 2010
Joseph Domino answered:
It is very common with REO and Short Sale properties to get a verbal offer, counter offer or acceptance when contracting for a home. In most cases the contract is not binding until the written documents are signed by both parties, but the banks are very slow to provide documents. If you waited for fully executed documents you would never get the deal done.

This is one reason why REO and SS properties are more risky than traditional sales.

In most cases the parties are in agreement so things work out fine. Occasionally there is a misunderstanding and it does cause a problem. It is always recommended to be crystal clear in your negotiations and get the documents IN WRITING as quickly as possible.
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0 votes 5 answers Share Flag
Tue Dec 13, 2011
Maggie Hawk answered:
In a multi-unit building, such as a condo, a lender is looking for a certain percentage of the units to be owner-occupied. This is because there is a greater likelihood of default on mortgages for investment properties, compared to mortgages on primary residences.

If your lender is unwilling to do a mortgage in a particular complex, it sounds like it's because the ratio of investor-owned (rented) units to owner-occupied units is too high, and therefore unacceptable to the lender.

A real estate agent probably wouldn't know the investor ratio for a given condo unless he/she had recently had a sale there that involved financing. The condo manager usually can provide investor ratio information.

For more information on this this subject, please refer to the website I've referenced below.

All the best,
Maggie Hawk, REALTOR
(386) 314-1149
Watson Realty Corp.
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0 votes 3 answers Share Flag
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