Manors At Alta Mesa Homes for Sale List

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Manors At Alta Mesa Homes for Sale

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7453 N 70TH Street, Paradise Valley, AZ 85253
# of Bedrooms: 6
# of Bathrooms: 6.5
Square Footage: 8049
Year Built: 1998
Subdivision: VIEWS AT CHENEY 1
Description: Incredibly PRIVATE, gated 2.25+ acre estate located in the sweet spot of Pa...
Last Updated: December - 19 - 2018
2034 S FALCON Drive, Gilbert, AZ 85295
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1284
Year Built: 2004
Description: Enjoy low maintenance living in one of Gilbert's most desirable zip codes 8...
Last Updated: December - 19 - 2018
44663 W GAVILAN Drive, Maricopa, AZ 85139
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1634
Year Built: 2004
Description: Great home! This 3 bedroom, 2 bathroom home with a 2 car garage located in ...
Last Updated: December - 19 - 2018
627 S ALLRED Drive, Tempe, AZ 85281
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 987
Year Built: 1979
Description: This quaint, two bedroom Tempe condo is ready for you to move right in. Cen...
Last Updated: December - 19 - 2018
14667 N LOVE Court, Fountain Hills, AZ 85268
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1307
Year Built: 1985
Description: Wow! Quiet cul-de-sac single level home in desirable Fountain Hills. Incred...
Last Updated: December - 19 - 2018
10665 E PALO BREA Drive, Scottsdale, AZ 85262
# of Bedrooms: 3
# of Bathrooms: 3.5
Square Footage: 3027
Year Built: 1990
Subdivision: DESERT MOUNTAIN PHASE 2 UNIT 5 PT 2 102-184 A-C
Description: Recently remodeled & FULLY FURNISHED custom 3 bed / 3.5 bath, 3.5 car gara...
Last Updated: December - 19 - 2018
4446 W KEATING Circle, Glendale, AZ 85308
# of Bedrooms: 4
# of Bathrooms: 2.5
Square Footage: 2620
Year Built: 1979
Subdivision: BELLAIR
Description: This spacious 4BD/2.5BA offers over 2600 square feet in living space and si...
Last Updated: December - 19 - 2018
681 W GRAND CANYON Drive, Chandler, AZ 85248
# of Bedrooms: 4
# of Bathrooms: 2.5
Square Footage: 2708
Year Built: 2012
Description: This STUNNING Fulton Ranch single story home is like new and shows like a m...
Last Updated: December - 19 - 2018
4345 W MORROW Drive, Glendale, AZ 85308
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1509
Year Built: 1982
Description: Great home located just minutes from the 101 & I-17 Freeway. The great room...
Last Updated: December - 19 - 2018
9290 E THOMPSON PEAK Parkway, 469, Scottsdale, AZ 85255
# of Bedrooms: 4
# of Bathrooms: 4.5
Square Footage: 5955
Year Built: 2002
Subdivision: DC RANCH
Description: Furnished Custom home located within the guard gates of the DC Ranch Countr...
Last Updated: December - 19 - 2018

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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.

Find great Arizona investment property!

Fantastic CAP rates on Arizona investment property!

To find great deals in Arizona you are going to want to look for the properties you can buy cheap with some kind of upside, whether that upside is a higher selling price after you have rehabbed or remodeled, or if that upside is a great CAP rate or monthly rent. Good upsides can also be found in financing. For example, if you can pick up a piece of real estate at 4% interest and resell it at 9%, there is your upside. Maybe you can find a lease option at a great rate and then get a sublease at market rates.

So you ask yourself, “Okay, so I know how to recognize great real estate deals, but how do I find them?” You are going to have to watch the trends. Arizona investment property cycles like any other type of real estate. Let me explain.

If you are in a seller’s market for residential homes and the rental market is not growing as fast, buying a 4-plex is a logical move. If interest rates are on the rise, pick up some Arizona investment property homes for sale and wrap the mortgage with a new higher rate. Here at RCP we watch the trends and try to identify opportunities for our investors. Why? Because we invest too. Call us at RCP Real Estate LLC. If you want to sell your Arizona investment property house, but don’t want to use a realtor. Call us and we will write you an offer.

Bank Owned Homes in Arizona

Bank Owned Homes in Arizona For Sale

There is no shortage of bank owned homes in Arizona. The bank will increase and decrease their inventory of homes by foreclosing on homes or by selling the homes they have foreclosed upon. The standard for bank owned homes in Arizona used to be that they were mostly in bad condition; then the banks realized that they could recoup more by doing some small repairs, i.e. paint and carpet. Now, it really just depends on the market as to whether they will make repairs on any bank owned homes in Arizona. The Arizona foreclosure listings inventory also ebbs and flows with the market depending on conditions. The banks’ inventory of foreclosure listings in Arizona has been, at times, the predominant listing type. This creates a less than ideal market of vacant houses for neighborhoods and HOAs. However, on the flip side, as a buyer these vacant houses of Arizona foreclosure listings are very easy to show. It is easier to spot issues when you don’t have to navigate furniture and personal belongings. All things considered there are always two sides to every coin and that means opportunity for buyers and sellers who can see potential and act on it. Call us! We can help.