Redfield Park Condominiums Homes for Sale List
Redfield Park Condominiums Homes for Sale Currently Active
Redfield Park Condominiums Homes for Sale is found in sunny Arizona real estate territory. Arizona homes for sale is some of the best real estate in the country. Find out more by calling an RCP Arizona Real Estate agent.
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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.
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.
Find All Scottsdale Real Estate and Homes for Sale
Looking for Scottsdale Real Estate and Homes for Sale?
Scottsdale Real Estate is some of the most desirable in the state. Scottsdale is home to approximately 439,000 residences. If you are in the market for Scottsdale Real Estate, whether buying or selling, Scottsdale Real Estatehas always been a popular town. Scottsdale Real Estate is comprised of a healthy mix of commercial, industrial, residential 1 story, 2 story, 3 story, and basement homes for sale. Scottsdale Real Estate is also comprised of horse properties, and vacant land. Scottsdale horse properties are less common and therefore very desirable due to their close proximity to a major metro area. Vacant land is also available to build you dream or spec home.
Scottsdale homes for sale are available now. Contact a Scottsdale real estate agent today at RCP and we can help find the perfect home or investment in Scottsdale. Click on the “Homes For Sale by City” link to see all the Scottsdale homes for sale broken down by neighborhood. To see all the Scottsdale Real Estate by city click here. You can also search for other cities and states. The best Scottsdale real estate agents are standing by waiting to assist you in your Scottsdale real estate search.