Scottsdale Villas Mcr 233 Homes for Sale List
Scottsdale Villas Mcr 233 Homes for Sale Currently Active
Scottsdale Villas Mcr 233 Homes for Sale are printed below and can also be viewed by doing a custom search. RCP can help with any Arizona Real Estate or Arizona Real Estate Agent questions. To see a property call us or send us an e-mail.
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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:
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.
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.
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.
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.