Scottsdale Stonebrook Homes for Sale List
Scottsdale Stonebrook Homes for Sale Currently Active
Scottsdale Stonebrook 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.
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 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.