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Home Buying in Phoenix : Real Estate Advice

  • All2K
  • Local Info160
  • Home Buying939
  • Home Selling107
  • Market Conditions70

Activity 645
Mon Oct 29, 2012
Mrs. Holly Brink answered:
This Is a great question for a lender. I usually recommend paying off all debt, saving 5% of the purchase price and getting a few secured lines of credit; bringing up your credit score. Many new builds will help you repair you credit. Lenders will have even better individualized advice for you. ... more
0 votes 7 answers Share Flag
Wed Oct 17, 2012
Christine Loschiavo answered:
Eric, it sounds like Scottsdale would be a great fit for you. I'd be happy to search for homes in and around Scottsdale that meet your criteria. There are many outstanding neighborhoods to choose from. Just contact me and I will start by sending you some possible properties.
Christine Loschiavo
Property Cupid Real Estate
... more
0 votes 16 answers Share Flag
Sat Oct 13, 2012
Stephanie Weiss answered:
Wed Nov 7, 2012
Craig Frooninckx answered:
Hi John,

The home is a short sale and yesterday they accepted an offer that they will be presenting to the seller's bank. I can help you find other homes if you like.
0 votes 9 answers Share Flag
Sun Jul 28, 2013
Stan Battersby answered:
The best thing to do is ask a lender if you qualify and that will tell you where you stand.
Here are some lenders you can call.
Sam Sanandajifar
Loan Officer NMLS ID# 376769
New American Funding
Direct: 800.450.2010 x7198
Direct: 949.385.7083
Fax: 949.385.7096

Eric Rogers
Mortgage Consultant
V.I.P. Mortgage, Inc
Phone: 480-553-8484
Fax: 480-223-6392
Mobile: 602-430-3949

Mike Kortas
Loan Officer: Nova Home Loans
... more
0 votes 13 answers Share Flag
Sat Oct 13, 2012
Bill Parker, CPA* answered:
Hi Jaybro331:

Realtors are not permitted to answer questions regarding the safety of particular neighborhoods as could be seen as discriminatory (aka: "redlining" in lending terms). You are best off calling Scottsdale Police Department or googling your question.

The amenities of Old Town Scottsdale? Where does one begin?!? :) If you like a nightlife, culture, special events, etc., etc., it is great. The appeal of these events and its other amenities really will vary depending on your age and family situation. Give us more detail on those aspects and you will get more input.

Bill Parker
NMLS #223607
... more
0 votes 9 answers Share Flag
Fri Sep 7, 2012
Adam Tarr & Sharon Kotula answered:
Hi AKScottie,

Excellent questions. It is important to go the right people for advice. That's why I make sure I have a team of people that can provide the answers for specific needs. I am a Realtor, not a lender, so I defer to a loan officer to provide all the details on the loans, just as I wouldn't expect a loan officer to provide info on real estate. I have a lender that can assist with VA, and has other programs that can tie in to help with rehabbing and lowering your overall costs of ownership. If you would like more info, please feel free to contact me.

Good luck,

Adam Tarr PC
Citywide Real Estate
... more
0 votes 9 answers Share Flag
Fri Jul 12, 2013
Merrill Jencks & The Big Helper Team answered:
To be honest with you, I don't think owner financing is ever a good deal. You most likely could find someone to do the owner financing with the amount you are willing to put down, but there is no way they will want to be competitive with today's interest rates. Most seller carrybacks I have seen have a rate of at least 7% or higher. I think one time I saw one at 6.5%, but that is very rare.

But there are some other strong disadvantages to doing owner financing. First of all, you are severely limiting your options on what properties are available to you, because with how hot the market is right now, there are not a lot of sellers that need to do this kind of financing. But secondly, there is usually a balloon payment in a fairly short term, where the new owner would typically try to refinance once they are able to do so. But what if your situation changes, and you can not refinance or do the balloon payment? I am just guessing the the old owner would be licking their chops to be able to foreclose on you, keep your 25% down, and all the payments you have made, and then turn around and sell the property to someone else.

However, if you really need a carryback, and you are convinced that it is right for you, feel free to contact me and let me know what kind of property you are looking for, and I will see what properties might be available.
... more
0 votes 7 answers Share Flag
Wed Sep 5, 2012
Stan Battersby answered:
Just watch for it to come on the market Banks go through diferent realtors and have to fiqure out what price to list it at.
0 votes 3 answers Share Flag
Thu Nov 21, 2013
Craig Frooninckx answered:
A lender should be reviewing your credit with you so you know what needs to be done. You may not be able to buy today, but they can at least help you be prepared to buy in the future. I recommend Scott Morrow with Waterstone Mortgage, he has the knowledge and experience to help you prepare to buy a home. ... more
0 votes 13 answers Share Flag
Thu Aug 30, 2012
Suzanne MacDowell answered:
The deed to a property can only be in a person's name if that person owns the property. Since REO properties are owned by the bank that held the mortgage, the answer to your question is no, unless the cousin is the actual owner, and not the bank, they cannot put the deed in their name. ... more
0 votes 1 answer Share Flag
Sun Sep 2, 2012
Stan Battersby answered:
Hi Lynn
You can go to my web site and search like l do

Let me know how it works for you.
0 votes 7 answers Share Flag
Mon Aug 27, 2012
Craig Frooninckx answered:
0 votes 8 answers Share Flag
Sun Dec 16, 2012
Craig Frooninckx answered:
I recommend getting pre-approved by an Arizona based lender as they know the local procedures and are best positioned to help you be successful in your purchase.
0 votes 18 answers Share Flag
Wed Aug 22, 2012
Jason Webb answered:
I have not heard of any state law that requires land owners to build. As long as the taxes are paid, county would not require building. The market conditions have kept building new homes slow. However, we have seen a significant increase in the past few month. A builder may start something in the near future.

At the city level, there may be some requirements under zoning. Check with your city zoning department.

If there are other issues such as dust from the lots, there may be county violations in that case. If that is an issue, contact Maricopa County (if in Maricopa) Air Quality Department. Also, the HOA may have certain requirements to maintaining property.
... more
0 votes 1 answer Share Flag
Wed Aug 15, 2012
Pearl Rose Everett answered:
Hi...I'm a buyers agent. Please contact me direct and so I can help you.

Pearl Everett
0 votes 7 answers Share Flag
Wed Nov 6, 2013
Nicole Graybill answered:
If you are on a fixed income, you may want to start with a down payment assistance program if your goal is to purchase a home. There are several in all areas of town.

In Phoenix,

In the West Valley, contact NHS of SWMC for a list of programs:
... more
0 votes 10 answers Share Flag
Mon Aug 13, 2012
David Fuller answered:
The first step is selecting an agent and getting pre-qualified with a loan officer. I would love to help you!!! Feel free to view my website
What is the address of the house near your husbands job and I will start some research on it. There still are ways to get in for $0 or low down. I specialize in buyers in your situation. :)
David R Fuller
RE/MAX Desert Showcase
... more
0 votes 9 answers Share Flag
Thu Aug 9, 2012
Pearl Rose Everett answered:
Hi Bradley,

Please contact me directly, I would be happy to set you up on a property search to help you find new housing in the Desert Ridge area.

Pearl Everett
... more
0 votes 7 answers Share Flag
Mon Aug 13, 2012
Pearl Rose Everett answered:
I can help you find a rental. Please contact me direct so that I can get you set up on a property search.

Pearl Everett
0 votes 11 answers Share Flag
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