Reynolds Acres Homes for Sale List
Reynolds Acres Homes for Sale Currently Active
Reynolds Acres 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 short selling my house?
What are the pros and cons of short selling my house
Short sales happen when you want to sell your house and you owe more than it is worth. The first step would be to see if that is even true. Call us at RCP for a free valuation of your real estate. If you do in fact owe more than your home is worth, here’s how the process generally works, and keep in mind that all banks are different and can vary and laws may change.
1. First thing is to get an offer on your house. We list your property and distribute it to our network of investors. We will get you an offer!
2. Gather all the financial information the bank will want to see in order to qualify you as a short sale candidate.
3. Submit the offer and all documentation to the bank.
4. We work with the bank vigorously to gather info, submit documents, sign forms, and just keep the process moving.
5. The bank reviews your financial status and orders the appraisal.
6. Once all the information has been reviewed and submitted, hopefully the bank gives the approval and we proceed with closing like any other transaction.
Now, this is a brief overview and many different things can be required from the bank. If you would like more detailed information on how this all works, call us and we would be happy to explain it all to you. Keep in mind there may be tax and other financial ramification that you would want to consult your CPA.
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.
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.