Hermosa Vistas Homes for Sale List
Hermosa Vistas Homes for Sale Currently Active
Hermosa Vistas Homes for Sale are located in our Arizona Homes for Sale search area. Search yourself or call an Arizona real estate agent at RCP. You can e-mail or call us for showings on any property.
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Arizona Short Sales
What are Arizona short sales and should I consider them?
Arizona short sales are like other transactions in many ways. Let’s focus on the differences between a regular real estate listing and a short sale listing.
A “Short Sale” is when a homeowner and a bank cooperate and agree to sell a piece of real estate for less than what is owed on the lien or mortgage. Usually this takes place when there is a good reason why the current owner can’t continue to make the payments or pay the difference between the mortgage and the selling price. Why would a bank take, as a payoff, anything less than what they are owed? The same reason credit card companies do, some money is better than less money down the road. If a bank were to say no to a Arizona short sale and decide to play hardball, their only other recourse would be foreclosure. This would mean:
1. More time not getting paid.
2. A house that is empty and not being taken care of and possibly vandalized.
3. Lawyer and trustee fees
4. Holding cost to upkeep the property
5. Closing costs, and they still need to pay the Realtors, title agencies, cleanup crews, rehab costs, etc.
Arizona short sales can be a big no-brainier for banks, however, some banks get the concept better than others and try to streamline the process. While other banks bury their head in the sand and foreclose. Obviously, we don’t see the entire picture. I’m sure banks have their reasons for not doing Arizona short sales. Even with streamlining, short sales can take months to get approved as the bank must qualify the seller for the short sales, approve the asking price by getting an appraisal, and dot all the I’s and cross the T’s. Not all Arizona short sale agents are the same. Call us at RCP.
Buying Arizona Land or Arizona Lots
Arizona Lots and Arizona Land Acreage
In Arizona, most of the state land is owned by the government. The small percentage of Arizona land and Arizona lots that are privately owned are broken down into a few different types. Here is some verbiage you should know:
Raw acreage- No utilities like city water or wells, sewer, electricity. The ability to bring the utilities to the property may be close by, but is not currently on the property.
Off the grid- No availability to connect to the electrical grid. You’ll need solar, wind, or hydro power. These properties usually do not have sewer or water unless a well has been drilled.
Land locked Acreage-These types of properties have no legal access. Zoning does not allow you to create these types of properties anymore, however, some still exist and you will need to be aware.
Utility Accessible acreage- These properties don’t currently have utilities, however, they are close by.
Improved lots- These usually have been graded and have a road, as well as utilities, on the lot. Often times, they are part of a subdivision or master planned community. These can be ready for custom homes or some allow only tract type homes.
RCP can assist in selling or buying any Arizona land or Arizona lots. All Arizona land and all Arizona lots can be found by searching with our search tools. Call RCP for more details.
Mesa Arizona HUD Homes
Opportunities with Mesa Arizona HUD Homes
Not all real estate companies are created equal. Not all real estate companies are allowed to bid on Mesa Arizona HUD homes. Here at RCP, we are fully registered and approved for HUD bidding. If you are searching for a home in Mesa, then Mesa Arizona HUD homes should be a consideration. There are many types of homes available and we can help with them all. Mesa Arizona HUD homes are just one type of sales avenue. There are Mesa foreclosures, Mesa short sales, Mesa corporate owned and bank owned homes, as well as the traditional sale. Mesa HUD homes are in varied condition and loans are in place to fix up or repair FHA HUD properties. The first step in any real estate transaction is to get your financing in order. Once you are pre-approved or pre-qualified, it is easy to view and buy Mesa real estate of any type. HUD homes are a bit of a hybrid auction and standard listing. Here’s what we mean: With an auction, you generally have some time to view the property and then you bid. The high bidder wins the property. With a traditional sale it is listed until it is sold and sometimes the price is reduced. With the HUD it is listed for a specific time frame, for example, let’s say fifteen days. After the fifteen days have passed, they gather the bids and either accept the high bid or keep it listed and wait for more. There are a few tricks and techniques in dealing with HUD homes, so let RCP assist you in your Mesa Arizona HUD homes search.