Sonoran Hills Homes for Sale List

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Sonoran Hills 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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Arizona Short Sales

What are Arizona short sales and should I consider them?

Arizona short sales are like other transactions in many ways. Let’s focus on the differences between a regular real estate listing and a short sale listing.

A “Short Sale” is when a homeowner and a bank cooperate and agree to sell a piece of real estate for less than what is owed on the lien or mortgage. Usually this takes place when there is a good reason why the current owner can’t continue to make the payments or pay the difference between the mortgage and the selling price. Why would a bank take, as a payoff, anything less than what they are owed? The same reason credit card companies do, some money is better than less money down the road. If a bank were to say no to a Arizona short sale and decide to play hardball, their only other recourse would be foreclosure. This would mean:

1. More time not getting paid.
2. A house that is empty and not being taken care of and possibly vandalized.
3. Lawyer and trustee fees
4. Holding cost to upkeep the property
5. Closing costs, and they still need to pay the Realtors, title agencies, cleanup crews, rehab costs, etc.

Arizona short sales can be a big no-brainier for banks, however, some banks get the concept better than others and try to streamline the process. While other banks bury their head in the sand and foreclose. Obviously, we don’t see the entire picture. I’m sure banks have their reasons for not doing Arizona short sales. Even with streamlining, short sales can take months to get approved as the bank must qualify the seller for the short sales, approve the asking price by getting an appraisal, and dot all the I’s and cross the T’s. Not all Arizona short sale agents are the same. Call us at RCP.

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.

Looking for other Scottsdale real estate for sale?

Finding Scottsdale real estate with RCP is a snap!

RCP can help with all your Scottsdale real estate needs. We help home buyers buy and home sellers sell. If you are looking for Scottsdale luxury homes or Scottsdale custom homes, then the “Search Homes for Sale button” (big blue button) is where you want to start. If you are looking for Scottsdale horse property or land for sale in Scottsdale, AZ, you are in the right place:click here. For the best Scottsdale real estate agents call us at RCP and we will get to work for you today. For other Scottsdale real estate such as commercial real estate in Scottsdale, navigate to our home page, and click the big gold button. To view any of the properties here just call us to set up an appointment.

Scottsdale real estate is more than land, sticks, and stones. Scottsdale is the home to many amenities including:

Prospector Park, Lost Dutchman State Park and Borders Superstition Mountain Wilderness Area- Comprised of 159,757 acres. Trails and connected to millions of acres of nation forest service land.

Superstition Mountain Lost Dutchman Museum
Located on 12 acres near the park, this non-profit museum helps to preserve and protect the history and legends of Arizona’s Superstition Mountains.

Goldfield Ghost Town
Scenic railroad and mine tour located down the street from the park. This 1890s period town features a saloon, rock shop, an ice cream parlor, Native American art and crafts, the Goldfield Museum, live “gunfights” on weekends, and more.

Arizona Steamboat Cruises
Cruise the secluded inner waterways of nearby Canyon Lake on an old-fashioned steamboat.

Tortilla Flat
The last remaining stage coach stop along the Apache Trail, two miles past Canyon Lake, 18 miles north-east of Scottsdale. Population: 6.

(Src azparks . com)

Call RCP to talk to a Scottsdale real estate agent!