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Home Buying in Laveen : Real Estate Advice

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  • Local Info10
  • Home Buying16
  • Home Selling5
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Activity 19
Sat Sep 28, 2013
Sonny Shrivastava answered:
I have a listed rental in Avondale - like new w/ grass back yard for $1000/mo. Owner may be looking to sell in about a year or so. Let me know if you're interested and I would be happy to provide you with details. 623-824-4275. ... more
0 votes 6 answers Share Flag
Tue Nov 27, 2012
Ron Thomas answered:
I wouldn't count on getting any money back:
The $450 includes the cost of a Credit Check.
Everyone will have some pre-charges; maybe as little as $50.
They may be guilty of not communicating well with you; but you didn't ask the right questions.
Federal Law is pretty strict on them; but you have to be the watchdog, no one will do it for you.
Yes, they MUST give you a GFE.

You may want to get 1 or 2 more; it will probably be worth it.
We, on Trulia, can probably help with referrals or figures (There are a lot of Mortgage people on Trulia).

Good luck and may God bless
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0 votes 3 answers Share Flag
Sat Nov 24, 2012
Rocky Dole answered:
This is an issue that you should ask your agent about. You may also want to talk to an attorney but I would start with your agent.
0 votes 6 answers Share Flag
Mon Jun 11, 2012
Bill Parker, CPA* answered:
Mon Feb 13, 2012
Rodney Fielitz answered:
you can go in county records and see if the home has been sent to auction,
or you should have legal notice posted on your door plus mailed to the home.
the landlord probably will not tell you.
Hope this helps
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0 votes 5 answers Share Flag
Mon Dec 26, 2011
Deborah Garvin answered:
Sandrar, Are your parents in Phoeniz also? You want to buy them a property close to you, correct? If so, your onlly alternative is going to be to buy an investment property. You will need 25% to 30% down payment (unless you can find a HomePath home, which will allow an investor purchase for 10% down payment). You will need to qualify for both payments in most situations; however, some lenders may allow you to offset the rental with rent proceeds. You will need six to twelve months reserves for the mortgage payments.

If you were buying in a vacation spot, like Sedona, you could buy a second home and only put 5% to 10% down. I would contact a local mortgage professional to discuss your situation and goals in detail. Best of luck to you!
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0 votes 13 answers Share Flag
Thu Jul 14, 2011
Randy Hooker answered:
Hey Maria,

Mortgage financing is not property-specific, it is buyer-specific. This particular property is not even currently on the market, but if you're wanting to seriously shop for a home, then you would be very wise to secure mortgage loan pre-approval from a local, reputable mortgage lender. If you want or need a referral to a lender with integrity, simply email me from my profile.

All the best!
... more
0 votes 3 answers Share Flag
Wed Jun 1, 2011
Sonny Shrivastava answered:
That's a very open-ended question! What are you looking for in a home? What is important to you in terms of your neighborhood? What about commuting, amenities, parks, schools? How about the number of foreclosures that are upcoming in a particular neighborhood - wouldn't that be important to know from a future value standpoint?

There are many, many factors to consider. Give a REALTOR® such as myself a call and we can better assist once we know what you're looking for. My office sells 100 foreclosures annually, so we know how to get offers accepted. We can also let you know the foreclosure activity in any neighborhood you are considering.
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Fri Oct 15, 2010
Paul Welden answered:
Since you asked for advice, here it is.

Do not buy a home immediately upon moving to a new area. Rent first. In fact, my advice is for you to rent for minimum 3 months prior to buying a home. This will allow you time to drive through neighborhood, experience the traffice. and inspect areas with your own empirical senses. Buying a home is an important expensive decision and one that should not be rushed into. So, take your time to find the right home because when you buy a home, you don't just buy the home; you are also buying into the neighborhood, lifefsytyle, characteristics, etc. So, look for a rental first and then take your time to find the right home in the right neighborhood.

-----
PAUL WELDEN PLLC
HomeSmart
Exclusive Buyer's Agent
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Fri Jul 16, 2010
Randy Hooker answered:
Great questions - but you need to pose them to your lender / loan officer. Email him/her right now, and then follow up with a phone call in the morning.
0 votes 3 answers Share Flag
Wed Dec 22, 2010
Dallas Texas answered:
It depends on state of where the property is located.

Texas married both couples MUST be on title, both parties are held liable

If you can't continue payment contact lender immediate possible forebearance to loan .

National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter: http://twitter.com/Lynn911
Lynn911

http://www.lynn911.com
... more
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Wed Aug 22, 2012
Robert Greenblatt answered:
Thee probably isn't much you can do with Chase. Move on. If you want the condo, find another lender.

Robert Greenblatt
Keller Williams
856-685-1660
0 votes 6 answers Share Flag
Thu Sep 10, 2009
Sandra Paulow answered:
I am not an attorney so I can't really help you too much except to give you some questions your buyers needs to ask the lender. 1) Does the buyer need his wife's income to qualify for the loan? 2) Is VA a Community Property State? He may be able to take title as his Sole & Separate Property, but his wite would probably have to sign away her interest on the property in order for him to do that. Either way, it appears that her signature may be required at some point no matter the circumstances. Remember, at the end the lender holds the cards. If there are conditions that have to be met as a condition of funding, those conditions will have to be met or overcome. Bottom line, the lender has to be happy or the sale isn't going to happen. Good luck, I hope you get it all worked out. ... more
0 votes 4 answers Share Flag
Tue Sep 1, 2009
Jim Mitchell answered:
Hello Msotis.

This listing is a bank-owned home. It is currently under contract and 'pending' at $165,900.

If you are interested in seeing more homes in Laveen in this price range, send me an email with your search criteria (min. sq/ft, bedrooms/bathrooms, pool - yes or no, single-story or two-story, etc.) and I'll pull up a custom search for you and email it to you directly.

My partner and I do a lot of business in the Laveen area, so we're very familiar with the surrounding neighborhoods.

I hope to hear from you soon!

Jim Mitchell
Century 21 All Star, REALTORS
jim.mitchell@century21.com
480.231.6769
... more
0 votes 1 answer Share Flag
Sat Mar 30, 2013
Paul Welden answered:
HI Frank,

Yes, title needs to receive all funds in order to close. This include the down payment / closing cost assistance from ADDI. Sounds like something is not right. What's going on?

---
PAUL WELDEN
HomeSmart
Buyer's Agent Realtor
... more
0 votes 4 answers Share Flag
Wed Nov 6, 2013
Fred Glick answered:
JP Morgan Chase is a very large institution that does many mortgages. Yes, they do underwrite their own loans.
0 votes 9 answers Share Flag
Sun Dec 28, 2008
Stew Keene answered:
Tue May 13, 2008
Mike answered:
Homes are for sale everywhere right now because people are afraid they'll be upside down on the mortgage, they bought too much home, or they are just freaking out. Don't be in any rush. Laveen is in transition. It's half farms, half residential. It's infrastructure is very limited at the moment and most of the people who live in that area (myself included) end up traveling to Phoenix, Avondale, or Glendale for shopping, movies, dining, and work. That being said, the area is growing and lots of new commercial development is being put in. The land out here is cheap, so if you were in the market for a more upscale custom home on a big lot, you could get it for a great price, especially if you buy close to South Mountain. You just have to be willing to deal with the fact that it's at least 30 minutes to anything big for awhile. We bought about a year ago (on the downward slide, so we're not feeling the pinch as bad) and are pretty happy.

Just be sure you check the right-of-way for the South Mountain Freeway to be sure you don't buy a lot that will get bought by the city in 2-3 years, or that ends up being unpleasantly close to the freeway.

If you are looking at 3-5 years, I'd say wait for prices to stabilize a bit longer. Phoenix has a lot of bubble to deflate and while the South Mountain area is much cheaper than the rest of the city, it's still more than it should be. If you are going to stay at least 5 years, you have less to worry about because housing prices should flatten though 2009 as the surplus of homes is sold off and the market does some shuffling and shedding of bad investment properties. I am thinking we will see modest increases starting late 2010, so if you find a place you really like, go for it. However you may want to consider less house but more established locations in Tempe or Chandler. Or even Queen Creek if you can deal with the commute. Good luck!
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0 votes 1 answer Share Flag
Mon Jun 30, 2008
Sheryl Robinson answered:
Hi Tessa, what takes you to Laveen? Whenever you are ready to buy and financially able is the right time regardless of the market. It has to be right for you, your situation and your motivation. Some Laveen stats: currently 513 properties for sale in the Laveen area, 81 pending and 170 that sold in the last 6 months - telling us that there are apprx 28-29 properties selling a month. Telling us there is alot of competion for sellers to have their property be one that sells. The current absorption rate for the Laveen area is about a 18 month supply of inventory - meaning if nothing new was added to the market it would take a full 18 months to sell all properties. So if you were looking to buy in the area - you will be spoiled for choice and probably be in a strong negotiating seat. Please feel free to call me if you would like to talk and we can go over more market information together. Please have a look on my website....Remember to always investigate something until it makes sense or doesn't. ... more
0 votes 9 answers Share Flag
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