Paradise Valley Mirada Homes for Sale List
Paradise Valley Mirada Homes for Sale Currently Active
Paradise Valley Mirada Homes for Sale are provided for you below. Search for more Arizona Real Estate by clicking on the link or call us at RCP. We would be happy to assist you in your search.
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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.
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.
Scottsdale Fix and Flips
Scottsdale Fix and Flips: Diamonds in the Rough
Scottsdale fix and flips, Scottsdale rehabs, or Scottsdale remodels– you can say it many ways and there are even more ways to make money investing in Scottsdale investment property. If you are an investor, then you have probably already found a niche that you do well in. Some investors like Scottsdale fire damaged properties and do major renovations while others prefer properties only needing a face lift (carpet and paint). Others add granite counter tops, wood flooring, or possibly a pool if the conditions are right.
In some areas, a $30,000 pool can make a $50,000 difference in overall value. However, in other areas a $30,000 pool will not bring any increase in value and in fact, in some areas, pools are a negative factor and can hurt your overall value. A local expert can be handy in determining where the profitable area can be.
Another niche that is gaining traction is Scottsdale transitional area flipping. Very localized areas or neighborhoods where the trend is buying older houses built at the turn of the century and doing a total remodel. The prices can range $100,000 to $200,000 higher after the remodel is complete. These have a higher investment amount and higher return. Here at RCP we can help you identify these areas and get your foot in the door.
Whether you are buying or selling, RCP can provide professional and prompt service.