Buy or Sell Homes in South East Valley of Arizona

These 4 Tips for buying bank owned properties, things you  should know before deciding to look at them.   We all have seen the enormous influx of bank owned properties, but do you know the down side of buying a bank owned property? There are Risks involved, but you can minimize these risks just by doing some due diligence. 1.) When signing the bank addendum, (a document the banks add on to the actual contract) make sure you realize what type of deed you are going to receive.   If it is not a General Warranty Deed, make sure you are getting the home and you fully protected with the most title insurance you can.   Most banks will issue you a Special warranty Deed, in Arizona.   If this is the case, you should look into extending your insurance policy to cover any gaps.    2.) Because the bank acquired the property through foreclosure, the bank will not be able to provide you with the (SPDS)Seller's Disclosure or the (CLUE Report) Insurance discl...

Well, the summer is just about here and not to sound too cliché...but our housing market is getting hot especially with our HUD Properties. Here are 3 things buyer's need to   know about buying   HUD properties; 1.)     HUD uses a blind bidding system, and the original list price is the price HUD determined is the market value by an appraisal, so if you want to get a loan for this property, you can't offer more than that price, as the lender's will not give you any more money that that price.   Doesn't mean you can't offer more but just be prepared to come out of pocket with the amount over.   [i.e. list price $100,000, you offer $104,000 you will be coming to the closing table with your closing costs and $4,000 + your regular down payment of 3.5% for FHA (owner occupant) or 10-20% for conventional].   2.)     HUD gives owner occupants a 10 day time period at the beginning of each listing, so they are not having to bid ...