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1. Don't make lowball offers. Every lender has a certain dollar amount they want to net from the sale. Typically first lien holders (lenders) want to net at least 85% of the fair market value of the home. If you lowball, you have a good chance of having your offer rejected and you may not have the opportunity to make a counteroffer.
2. ...
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We’ve all heard the horror stories about short sales but here are just a few of the important advantages that anyone looking to “short sell” a home or buy a short sale MUST be aware of.
•You will be eligible, under Fannie Mae guidelines, to buy another home in 2 years instead of 5 to 7 years.
•If your ...
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Exquisitely located in the heart of Paradise Valley, this one of a kind contemporary home for sale in Paradise Valley, Arizona, is quite an event in itself, just to be within. Relish in the serene beauty of the 40 foot waterfall upon entering the property. Experience the dramatic sweeping views of both Camelback and Mummy ...
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Unique unto its own, this massive custom contemporary home screams ‘Luxury’ from the moment one lays eyes on it from the street. At 6524 E Malcomb Drive in Paradise Valley, Arizona, this bank owned new build is literally move in ready. The one acre+ lot chosen for this house bodes million dollar views of Camelback Mountain, ...
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For those interested in Paradise Valley Real Estate, ZIP code 85253 comprises a 17 square mile area encompassing the town of Paradise Valley and a few adjacent sections of the cities of Phoenix and Scottsdale. The boundaries of Paradise Valley and ZIP code 85253 coincide for long stretches but deviate at the northern and eastern extremities. It ...
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On August 20th, 2009 journalist J. Craig Anderson with The Arizona Republic reported that after a record breaking 27 months of decline in the Valley's median home price, some of the most influential local real-state analysts predict that home values finally have hit the bottom of the slide. According to the most recent 3 month trend, ...
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A short sale can be an excellent solution for a homeowner who owes more on their home than what it is worth and has to sell. Unfortunately a number of myths about short sales have developed and it is important you understand the reality of this process if this is a solution that you feel meets your current needs.
1. Short Sales are Impossible ...
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Want to know more about the $8,000 homebuyer tax credit? Well, here are the main points of the credit along with a website you can go to for more details.
Who is Eligible
• The $8,000 tax credit is available for first-time home buyers only.
• The law defines a first-time home buyer as a buyer who has not owned a home during the past ...
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This is a house like you’ve seen in some of your best dreams—nestled in the mountains for views as eclectic as the seasons (well, in places where they have seasons), and exuding a charm that many Modern homes for sale in the Phoenix area today are sadly without. And all in a gorgeous palace in the sky that is both lavishly ...
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I've uploaded the MLS market stats report for the 1st quarter of 2008 for ALL Maricopa County zip codes. Compared to the same quarter in 2007 almost all areas show a decline (not a big surprise there) in the average home price. However a few areas have experienced an increase. Zip code 85258 (McCormick Ranch area) experienced a ...
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