Villas At Scottsdale Ranch Homes for Sale List

Villas At Scottsdale Ranch Homes for Sale Currently Active

Villas At Scottsdale Ranch Homes for Sale are compiled for you below. Call an Arizona Real Estate Agent at RCP for a showing on these or any other Arizona Real Estate you find. RCP, Arizona’s best real estate agents.
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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.

How Home Loans Work

How Financing Works

Want to buy a house? One of the first steps is to get your financing in order. If you can buy with cash, then you are ready to start looking at houses. If you can’t pay cash, then maybe you are looking for an owner financing deal or a rent to own or lease with the option to buy. If there are limited owner financing options, you can go with the traditional mortgage type loan. In Arizona, it is actually known as a “deed of trust.”

How financing with banks works: Once you have found a house and have an accepted offer you can get the ball rolling on financing. Your loan officer will have already pre-approved you by running your credit and asking you a series of financial and job related questions. Assuming you answered their questions accurately, there should be minimal problems in getting you the loan. The lender will judge your ability to repay the loan, look at your credit, and see your history of pay back loans, then they will proceed to the collateral. The house or land is the bank’s collateral and recourse if you don’t make good on your loan payments. They will order an appraisal from a Certified or licensed appraiser and if the property is worth what you offered, you’re in business! There are thousands of differing issues that arise when trying to procure a loan and we can’t go over them all here. The best thing to do is talk to a real estate professional and get the ball rolling. It is a good idea to start the process a few months before you need to buy. Keep in mind once you have found the house you want and get an offer accepted, it typically takes 30 days to close the deal.

Scottsdale Real Estate Agent Specialists

Looking for a great Scottsdale real estate agent?

RCP has some of the best Scottsdale real estate agents in the city. We are a bit bias (of course), however, you should give us a try and decide for yourself. If you are in the market for real estate or homes for sale, our Scottsdale real estate agents are waiting to assist you. Finding the perfect Scottsdale real estate agent is not easy, however, we want to work hard to earn your business. Our agents have some of the most up to date and user friendly tools available to them as well as a streamlined escrow and offer making process.

In your search for Scottsdale homes for sale you want an aggressive agent who can go to bat for you and get you the best possible price on your new home, or the best selling price on the house you are selling. We will be your advocate when negotiating with the bank. We will do our best to get you the lowest price when bidding at the auction. Foreclosure homes for sale are being sold daily and we can help you get a piece of the action.