Los Estados Homes for Sale List
Los Estados Homes for Sale Currently Active
Los Estados 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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Should I consider buying Arizona short sales?
What are the pros and cons of Arizona short sales and should I consider buying one?
Let’s examine the pros and cons of Arizona short sales vs. a regular sale transaction:
1. The asking price on Arizona short sales are often less than that of a typical real estate listing.
2. The homes are usually occupied and are well taken care of.
3. Depending on your current market conditions, short sale listings may be all that are available.
1. The asking price is a little ambiguous. Remember the bank has to be okay with the asking price in the end before they give the approval. If the banks appraiser comes in higher than the list price, then the bank can say they want you to pay the appraised amount.
2. The homes are occupied and are harder to view.
3. The bank may reject the short sale after a few months of waiting. The bank still qualifies the seller to make sure they cannot pay the difference between the asking price and the mortgage amount. Also the price may be too low.
4. Short sales can take a long time. Short sales have been know to take up to a year for approval. Usually it is around three months.
Back to the original question: Should I consider buying Arizona short sales? Well, all in all, it depends on what kind of buyer you are. If you are not in a hurry, and are looking for the best possible deal, then Arizona short sales can be a great way to build wealth or find your dream home.
Central Arizona Real Estate
Central Arizona Real Estate Facts
Central Arizona real estate is some of the most desirable real estate in the world. The Phoenix metro area is broken down into two major areas: the West valley and the East valley. The East valley is comprised of Tempe, Mesa, Chandler, Ahwatukee, Apache Junction, Sun Lakes, Apache Junction, Queen Creek, San Tan Valley. The West valley is home to Phoenix, Scottsdale, Paradise Valley, Glendale, Goodyear, Laveen, Avondale, Peoria, Surprise, Sun City, Buckeye, Cave Creek and Carefree and Fountain Hills. All the cities have their own unique features and amenities. Age restricted communities are peppered throughout the valley creating a healthy mix and diversity of central Arizona real estate choices.
The major metropolitan area lies in the West valley, whereas the East valley was predominantly farmland converted to homes by urban sprawl over the years. Values in the Greater Phoenix metro area have a long history of rising and falling real estate values. When to buy in Arizona is a personal decision and watching the trends and cycles can give a good indicator of where we are headed. Arizona real estate is very desirable to non-residents as well, with a steady influx of new people moving from colder and less desirable states in terms of weather. Canadian citizens also seem to flock to Central Arizona real estate in search of summer homes and investment properties.
Buying Mesa Foreclosures
Mesa is a huge city and there are plenty of Mesa foreclosures waiting to be bought. Mesa foreclosures sell daily at the Maricopa county auction. If you are looking to buy Mesa foreclosures, then you have a few things to consider.
Unlike areas like Queen Creek or San Tan Valley, which are comprised mostly of relatively new homes, Mesa has been around for a while, being comprised of a much older median house age. Why does this matter when buying Mesa foreclosures? There are a few less things to worry about in a new house than an older one. With Mesa foreclosures, you can’t always see the interior. This can be more risky to buy than an unseen house that is newer. With the newer houses, you can assume that it is up to code and if it is in a subdivision, you can further assume that similar construction techniques and exterior facades are similar. With an older non-tract house, there are many unknowns. So when it comes to buying Mesa foreclosures, just be aware and know your risk. To lower your risk, buy newer tract homes in good neighborhoods. For more risk and maybe a little more reward, go for the fixer-uppers. Mesa foreclosures can be very profitable. To further explore your options, call us today.