I want to purchase a condo in the Phoenix. I will finance with Homepath and there are many properties I am interested in. I am curious regarding how much I can offer under asking price in the Phoenix area. Some of these foreclosures have been on the market for a while so I would assume even less there. I would like to offer about 20-25% below asking price and I am willing to offer on a few properties before I get one. Looking for experience.
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www.lendinguniverse.com Find and compare hundreds mortgage loans in PHOENIX, ARIZONA. LendingUniverse – Real Estate Brokers Commercial Mortgage Broker Letter of interest by Banks, brokers, real estate investors and lenders offer mortgages on residential, commercial land and construction…
I am about to buy a foreclosure in st george utah. I have a hard time finding alot of information on the southern utah market. I have followed it for 5 years but it does not fit into the trends of any other major city nearby. It is a whole seperate market from salt lake city. It is close to a phoenix or las vegas but it has very few jobs and econmy is so different. About 5 years ago houses were available for cash types prices with many under 100k. Then the prices went over 400k, now they are back in the 225-250k range.
I have watched anf there are more foreclosures coming but the majority are upper end 500k+ custom homes. I only want to pay 250k or less preferrably 2225k or less. With few jobs will the market fall alot more. Will land prices ever fall? Most land is BLM so developable land is a preminum. There is 37 year supply of lots but prices remain over 100k for .25 acre plus impact fees are over 20k some places over 30k to build with strict restrictions so building new is out.
Three of my neighbors who were renting and waiting like us re buying this month as well so is it time?
I just am curious if anyone besides a local realtor who is trying to sell has any views of southern utah.
Any market can be intimidating when it comes to buying a first or second home. Sixto is here to welcome you to the Phoenix real estate market with open arms. If you would like to email Sixto you can always do so at sixto@sixtosells.com.
Everyone knows the real estate market is not benefiting most home seller’s but rather home buyers. In this market, educating people about the best possible way to sell a house in this market, is Sixto’s specialty. He takes an incredibly unique approach to make sure the home seller knows everything about their local market before making a decision to sell. In Fact, Sixto encourages most people not to sell right now but to enroll in the “TITE” program to keep a pulse on their neighborhood and on the market as a whole. Time is of the essence and Sixto knows that. If you have any questions please feel free to contact Sixto at Sixto@sixtosells.com.
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Produced by Realty.com, this video provides a snapshot of the Phoenix real estate market. Phoenix ranks as the fifth most populous metropolitan area in the United States. According the National Association of Realtors, Phoenix’s average home price in 2007 is 4800. In 2005, the US Census Beaurea told us that the average houshold income for the state of Arizona is 282. Phoenix is subject to Arizona’s 10.3% tax rate, which ranks as the 32nd most taxed state in the union. For more real estate information, and to gain full access to all MLS, For Sale by Owner, and Foreclosure listings for the Phoenix area, visit us at Realty.com. …Realty.com – Real Estate Services you can trust.
I live in a condo in Phoenix AZ. The association is in pretty deep finacial problems. This is due because a number of owners are in foreclosure or have abandoned their unit. In either case the HOA dues are NOT being paid. The most serious problem is that the water is paid with the community HOA fund and the insurance. We prioritize the money we do collect to pay water and insurance however, we have had to let the landscaping and pool matanance go. If worse came to worse we could do the grounds ourselves but not as well as a professional. My question is primarally about the water and insurance. II imagine that we are not the only ones in this financial crunch. What happens if we can’t afford to pay the water and the insurance? I would think that the water was the main priority but I know our mortgage holders require insurance on the building. What happens if there is no money to pay? I also believe things will get better once the foreclosures go though and the properties are either sold or the bank starts paying the assessments. But nobody wants to buy a condo with the place looking shabby and the water and or insurance in danger. Is anyone ever been in my shoes? What did you do (selling is not the answer, I am upsidedown in my mortgage, I am stuck here and I dont want to ruin my credit) When and how will things get better? I would like to hear personal stories or someone who understands our situation and has some expertise. Thank you for reading…if you have questions or need more detail please email me rick85032@yahoo.com
I’m a member of a real estate team and we work with lots of relocation clients and lately there have been mention of foreclosures. I’m curious to know the % to determine if this is an area of real estate to focus on.