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Home Buying in Phoenix : Real Estate Advice

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  • Local Info160
  • Home Buying934
  • Home Selling105
  • Market Conditions70

Activity 645
Tue Dec 18, 2012
Roswell Moore, answered:
High James,

I have worked with a Foreclosure Specialist for quite a while, now.. Give Loren Hoboy a call. He can give you direct access to the MLS, plus he knows the market & is very detailed oriented. Loren will be happy to take your call directly at 623-297-3537.

Please feel free to contact me directly if you have any further questions, I'd be glad to help.

All the best,

Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095 direct

We are a Direct Lender, Mortgage Bank where we originate, process, underwrite, fund, AND SERVICE our loans, in-house, with FHA (starting at a 580 score AND still only 3.5% down), FHA Streamline refinance loans (NO minimum credit score, NO appraisal required) Go Green rehab loans, HomePath, Investor Friendly (10 financed properties), VA, VA Refinance loans (NO appraisal required on IRRRL loans), USDA loans, Jumbo loans, Conventional loans, plus, we allow Escrow Hold-Backs!
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0 votes 5 answers Share Flag
Mon Dec 17, 2012
Steffy Hristova answered:
Your agent would probably go through the offer price and terms with you. If you made an offer, your offer has a price. After your inspections, if you have discovered that the cost of repairs is higher than what you would like to accept, you can request one of 3 things: (1)the seller to complete the repairs, (2) cancel and receive your earnest money back or (3)accept the property without the repairs. ... more
0 votes 10 answers Share Flag
Thu Dec 20, 2012
Alan May answered:
Debi - the photos are provided by the listing Realtor. Some, clearly, are better than others. The same applies to the description. Some understand spellcheck, and some even understand grammar (no, not the old lady who owns the house). ... more
0 votes 18 answers Share Flag
Sat May 25, 2013
Jason Webb answered:
Yes, it is a Glendale treatment plant. My home backs their property.
0 votes 6 answers Share Flag
Wed Apr 23, 2014
Ron Thomas answered:
Trulia is not intended to be the adjacent step to making an offer;
The IDEA is that you will contact a Realtor and have them take you through the process.
Your Realtor can filter out, and prepare a CMA for your Short List.

Good luck and may God bless
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0 votes 17 answers Share Flag
Wed Dec 12, 2012
Alain Picard answered:
I would say one of the most common is submitting an offer to low.
0 votes 20 answers Share Flag
Fri Dec 7, 2012
Jennifer Ronning answered:
Well, there are a few reasons... The best reason it is FREE as a buyer to use an agent to assist you in buying in a home, the cost of a buyer's agent is paid for by the seller. other reason's are....I have access to ALL homes for sale and can very easily narrow your search so will get ONLY homes that match exactly what your looking for directly to your email, when you find your DREAM home I will be able to tell you what similiar homes have sold for and be able to get YOU the very BEST deal on your new home. I will handle the entire process of finding you your dream home to handing you the keys, I willl make the process as painless as possible. you will KNOW your not only moving into the home you love but, it it will also be the best deal on it as well.Call me today so I can set up your FREE search for your perfect home 480-250-2581 Jennifer Ronning Keller Williams Realty ... more
0 votes 11 answers Share Flag
Thu Nov 29, 2012
The Urban Team answered:
I'd contact your broker to make sure you follow his/her structure for a lease option. Our broker's approach is separate lease and purchase contracts with language linking the two. Your broker may have a different approach.

Did you know that according to a recent survey, less than 1% of lease options work out to a successful purchase?
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0 votes 6 answers Share Flag
Thu May 8, 2014
Craig Frooninckx answered:
The HOA information is part of the MLS so your agent should be able to provide you with some details. During your inspection/due diligence phase you will have an opportunity to do an inspection, review seller disclosures and ask to see a CLUE report (insurance claims filed against the property). The title company will also send you HOA documents giving you another opportunity to disapprove of the property if you find material facts that don't align with your expectations. Your agent will guide you through all the phases of the purchase. ... more
0 votes 11 answers Share Flag
Mon Nov 26, 2012
Rachel Shanahan answered:
No, the bank probably did a new evaluation of the home and with home values rising so much here in the valley they went with the new price. They may also have had other costs incurred such as HOA fees or subordinate liens. Typically homes are going for way over asking price right now so if they are only asking for 4.3% I would jump on it. I just sold a home that went for $33k over asking price. The market is hot here in the valley so I wouldn't hesitate at that range. ... more
0 votes 12 answers Share Flag
Thu Aug 15, 2013
Scott Godzyk answered:
You need to start by meeting with a local and trusted loan officer who can prequalify you at no cost and after looking at your credit and financials, let you know if you can get a mortgage and what any costs or requirements will be. ... more
0 votes 11 answers Share Flag
Tue Nov 27, 2012
Roy Powell answered:
Your ability to generate a 1st loan will be a problem for any lender with the value (appraisal) and a carry back or lease option. Perhaps a better direction is to assume her $100K loan through a structured payment account to her lender and then have her take back a 2nd to ballon in 5 years with some cash at closing for the balance. Your attorney can structure the assumption account of the non assumable loan along with the 2nd. In this type of deal the seller gets her purchae price any you get the property! The bank will not remove the seller from the loan but will not call call the loan in provided payments are being made. Your obligation to the loan(s) are by agreement to the seller. Much better than a lease option!!! ... more
0 votes 4 answers Share Flag
Thu Nov 29, 2012
Rod Mohan answered:
I would be happy to email you current sales to show you the average time on the market for home sales near ASU and information on various neighborhoods near ASU. Feel free to call me on my cell at 480-398-6872.

Rod Mohan
Ready Set Sold Realty
1515 E Missouri Ave # 203
Phoenix, AZ 85014
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0 votes 10 answers Share Flag
Tue Jul 9, 2013
Anna M Brocco answered:
Since rent to own properties may not be listed as such, consider working with an agent of your own. Keep in mind that rent to own can be risky and one could stand to lose a bit of money, therefore do inform yourself well, and consider consulting with an attorney who specializes in real estate beforehand. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright... ... more
0 votes 8 answers Share Flag
Sun Nov 18, 2012
Donna L. Leeds answered:
I work with a great loan officer who can answer this question over the phone. Tell him Donna Leeds with Keller Williams referred you. Chris Arbuckle with Amerifirst Financial-480-688-6812 or
Donna Leeds
Realtor-Keller Williams Realty Sonoran Living
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0 votes 7 answers Share Flag
Wed Nov 7, 2012
Chaz Bosse answered:
What do you enjoy doing? What is important to you? Sun Lakes is a retirement community located about 20 miles south of Phoenix. The area has a variety of homes with a variety of prices. There are many other "retirement communities" in the area with a similar variety of homes and prices.
Are you golfers, hikers, horseback riders, home bodies, interested in getting involved in the community? I think all these things are important to deciding where the right house for you is located.
Research Sun Lakes, Sun City, Leisure world, maybe just do a google search for "retirement communities in Arizona", that's a good place to start.
Check out this website: on the right hand side you can select from a drop down list of all the retirement communities.

I specialize in buying distressed properties, mainly at auction so I probably wouldn't be the best to help you but I am an Arizona native, I love real estate, and I love helping people so if there is anything I can do for you let me know.

Full Disclosure: I do have a beautiful remodeled home for sale in Sun Lakes if you're interested. 3 bedroom, 2 bathroom, 1600+ sq/ft, big backyard with citrus trees, new 18' tile throughout, granite counters, right across from a golf course, the list goes on.

Chaz Bosse
Alpha Realty
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0 votes 10 answers Share Flag
Tue Nov 6, 2012
Ilene McKenna answered:
Depending on the condition of the home the average home in this area would be between $155-170,000. The most recent home that closed on this street on 9/18 similar home sold for $160,000. Are you needing to short sell this or sell it traditional? Short sale depending on the bank can take anywhere from 120 days to much longer, but the homes in this area are marketing for approx. 55-60 days. I'd be happy to send you some more detail, please let me know. ... more
0 votes 9 answers Share Flag
Thu Aug 15, 2013
Rocky Dole answered:
0 votes 10 answers Share Flag
Tue Sep 20, 2016
Sonny Shrivastava answered:
nf314, unfortunately the types of deals you are referring to are few and far between in today's market. Two years ago was the time to pick up these kinds of deals, they were everywhere. If you are looking to make 40-70% on a flip, you should probably avoid properties listed in MLS. Today, Fannie Mae is demanding 105% or higher of FMV on all short sales where they own the note, forcing buyers to pay 6 months of appreciation up front. REOs are also being priced high and in line with regular resales.

My suggestion to you would be to purchase properties at the Trustee's Sales or hook up with a local wholesaler who buys at the trustee's sale and then turns them around for a small profit. These properties are still sold well below FMV. Check out - good place to start.
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0 votes 15 answers Share Flag
Wed Jul 31, 2013
Linda Gerchick answered:
I have a lender and a rehabbed house from one of my investors that will help you; please call me at 602-256-1415
0 votes 10 answers Share Flag
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