Park Paradise Condominium Homes for Sale List
Park Paradise Condominium Homes for Sale Currently Active
Park Paradise Condominium Homes for Sale is prime Arizona Real Estate. You can search for other Arizona Homes for Sale by clicking the custom “Search Homes for Sale” button or just give us a call and a RCP Arizona Real Estate Agent will assist you.
Start Park Paradise Condominium Homes for Sale
End Park Paradise Condominium Homes for Sale
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.
How Appraisals Work
Let’s explore how appraisals work!
Everybody hates the appraiser. The seller thinks the house is worth more. The buyer thinks its worth less. Appraisers work with what they have, constrained by the restrictions placed upon them by lenders and national standards. For example, the lender will say the appraiser is only to look at comparable properties within one mile and out of those, only houses that have sold within the past six months. They are many more criterion or conditions the lender can place on the selection of the comparable. It is after all their money at risk. They need to feel comfortable in making the loan based on a reasonable valuation of the property.
When you’re buying a house and get to the point in your loan process where you need to get an appraiser, the lender usually hires the appraiser, but the appraiser is not beholden to the lender or anyone else. They sometimes work for the lender, however, they are independently licensed and ultimately hold fast to a national standard for appraisers. The appraiser by design is an unbiased third party and as such can come closest to getting a handle on the market price. They don’t always get that price right, which is why an appraisal is considered an opinion of value. Remember it is only appraiser’s opinion– not fact.
At RCP, we have a leadership team with a background in appraisals and we can hopefully help avoid any appraisal hang ups. We know how appraisers think, and can speak “appraiser” too.
Scottsdale Investment Homes for Sale
Scottsdale Investment Homes for Sale Opportunities
What are the investors doing when it comes to Scottsdale investment homes for sale? Scottsdale investment homes for sale are found in a couple different ways.
First, there are small areas of Scottsdale 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 Scottsdale 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 Scottsdale investment homes for sale.
Call RCP for more details on buying Scottsdale investment homes for sale.