Vista Gardens Homes for Sale List

Vista Gardens Homes for Sale Currently Active

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Vista Gardens Homes for Sale

2 matches found

$142,000
111 W 7TH Place, Mesa, AZ 85201
View Photos (8)
Status: Closed
# of Bedrooms: 2
# of Bathrooms: 1
Square Footage: 1443
Year Built: 1947
Subdivision: Vista Gardens
Description: WOW!!! COME AND SEE THIS WONDERFUL HOME IN THE GREAT EVERGREEN HISTORIC DIS...
Last Updated: December - 14 - 2013
$325,000
108 W 7TH Place, Mesa, AZ 85201
View Photos (37)Videos (1)
Status: Closed
# of Bedrooms: 4
# of Bathrooms: 2.5
Square Footage: 2454
Year Built: 1947
Subdivision: VISTA GARDENS
Description: WOW...$34,000 PRICE REDUCTION!!! Recent appraisal done in Oct. Stunning and...
Last Updated: August - 04 - 2015

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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:

Pros

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.

Cons

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.

Should you buy Arizona short sales?

What should you know about Arizona short sales?

If you are looking to buy a home or an investment property in Arizona, where do you start? First of all, you need to identify what type of property you want. If you decide on a single family home versus a four-plex, then your next step is to decide what type of sellers do you want to deal with. Here are a few different types of sellers.

1. Regular seller- just a normal scenario home owner who wishes to sell his/her house and hires a Realtor.

2. Arizona Foreclosure Sale (Trustee sale)- These are banks auctioning off foreclosed properties to the highest bidder.

3. Arizona REO properties- These are properties that did not sell at the auction and the bank then hires a Realtor to sell the home.

4. Arizona Short Sales– These are home owners that want to sell, but they owe more than the house will sell for. They need the banks okay to sell at this low amount.

If you decide you want to pursue a short sale option, there are a few items you will want to know.

A. The short sale process takes a while to complete–typically 3-6 months.

B. A few months into the process the bank could reject the purchase price.

C. The values could change during this process.

D. The asking price is arbitrary unless it is approved.

If you are a person who can wait and are flexible on price, these Arizona short sales may work for you. Otherwise, RCP can help you filter out Arizona short sales in your homes for sale search. Arizona short sales can be tricky. Let us explain in detail all about Arizona short sales! Call us at RCP.

Mesa Investment Homes for Sale

Mesa Investment Homes for Sale Opportunities

What are the investors doing when it comes to Mesa investment homes for sale? Mesa investment homes for sale are found in a couple different ways.

First, there are small areas of Mesa that have an older year built date. Many of these properties are in good neighborhoods, but in poor or outdated condition. The trend is that people are buying these Mesa investment homes for sale and, often times, totally redoing the entire house from the walls to the roof. They are putting a considerable amount of money into these projects, however, they are still getting a great return on their investment.

Second, investors are identifying homes or multi-family units with a nice income to expense ratio. This is a longer term buy and hold type of investor, and this can be a great way to build long term and steady wealth. Many small investors will not venture into the multi-family arena because it is not in their comfort zone. This creates a unique opportunity for you to pick up great deals on Mesa investment homes for sale.

Call RCP for more details on buying Mesa investment homes for sale.