Archive for Fountain Hills AZ Homes For Sale Now
Fountain Hills AZ Homes For Sale Luxury Living Video
Posted by: | CommentsIf you have ever wanted to live in a Custom one of a kind luxury estate, here is your chance. This magnificent property located in Fountain Hills, AZ is exactly what you have been looking for. This property featured almost 11,000 SqFt of living space, 4 bed rooms, 6 baths, 5 car garage, indoor heated pool and spa, game room, home theater,wine room,massage room, and so much more. When you are ready to visit this, or any property in the area, Contact Us, we are here to be of service to you for all your real estate needs. Enjoy the video!
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This listing courtesy of Sandra Wilken Luxury Properties
Fountain Hills AZ Homes For Sale Over 18,000 SqFt Video
Posted by: | CommentsMagnificent 18,000 + sf estate
If you want to know more about this property please visit Fountain Hills AZ Homes For Sale 6.975 Million.When you are ready for professional help in finding your dream home, we are here to help. All you need to do is schedule an appointment, we will be glad to be of service.
Listing courtesy of Coldwell Banker Residential Brokerage
Home Buying Wisdom – 10 Things You Must Do Before Buying a Home
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Buying a home is often the largest personal finance transaction a person makes in his or her life. So it’s critical that you make the right preparations and do the proper research. Regardless of unique situations and special circumstances, there are ten things you must do before buying a home.
1. Study the home buying process.
This will allow you to make better decisions and act confidently. Home buying lingo is a big part of this, so be sure to read through a few home-buying glossaries before you get into the thick of things.
2. Obtain your credit report.
Get a copy of your credit report and review it for errors. You can get copies from all three credit bureaus at once by visiting www.AnnualCreditReport.com. Mortgage lenders will review your credit with a fine-toothed comb, so you should do the same … before they review it.
3. Fix credit errors quickly.
If you find an error on your credit report, go to the company’s website where the report came from (TransUnion, Equifax or Experian) to contest it. It can take time to clean up an erroneous credit report, so get started as soon as you spot the error.
4. Check your debt-to-income ratio.
Mortgage lenders like to see a borrower’s debt at (or below) 20% of net monthly income. If your debt exceeds 20% of your net monthly income, try to pay it down for applying for a mortgage loan. You’ll have an easier qualification process and will likely qualify for a better rate.
5. Determine your budget.
Use an online mortgage calculator to get an idea of how much you can afford to pay each month, and what that equates to in terms of a home price. This will give you a budget to work from, which will help you weed out the homes that are beyond your comfort zone.
6. Start saving your cash.
This is one of the best things you can do before starting the home buying process, for a couple of reasons. First of all, mortgage lenders like to see that you have some cash reserves on hand. Secondly, you’ll need cash reserves for any unexpected fees or costs that might arise (which is common).
7. Get pre-approved for a loan.
During pre-approval, a mortgage lender will review your credit, finances, debt, etc. and conditionally qualify you for a certain amount of mortgage. Sellers will take you more seriously if you have a pre-approval letter, and the process also helps identify any problems with your credit or other qualifying factors.
8. Avoid new lines of credit.
Try to keep your financial situation as “stable” and favorable as possible. It’s a good idea to pay down some debt (see item #4 above) and to save up some cash. But the worst thing you can do is take out a new loan / line of credit. At best, this could make the qualification process take longer. At worst, it could tip the debt scales into the “greater than 20%” zone, which will make it harder to get a loan.
9. Validate the asking price.
It’s called an “asking price” for a good reason. No asking price is set in stone, and everything in real estate negotiable. So don’t accept an asking price as being reasonable until you validate it through careful research. Compare the home / price to recent sales in the area. Your real estate agent can provide a comparative market analysis (CMA) to help you with this step.
10. Get a home inspection.
It is never — I repeat, never — wise to skip the home inspection. A house is a sizable investment, and the last thing you want is to find a bunch of things wrong with it after you’ve taken ownership. Home inspections are very affordable, and you cannot put a price on the peace of mind you’ll have as a result of your inspection.
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5 Tips to Successful Real Estate Flipping
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In order to successfully flip real estate contracts whether you’re involved with potential rehab projects or pre-foreclosures you need to have a solid investor network to present your ‘package’ to.
It is imperative long before you lock up any property that you can, within a few phone calls, contact active and willing investors who will consider your offer.
The key to successful real estate contract flipping is making it easy for your upstream investor group to quickly resell properties you’ve assigned to them. Consistently providing well priced deals that your investor group can turn over quickly gives you the credibility you need to flip contracts on an ongoing basis.
Many rehab investors have more money than time so by you doing the legwork you are providing them a valuable service.
Here are FIVE tips that’ll help you gain credibility with potential investors looking for properties:
1.) Accurate repair estimates – Investors don’t like surprises. When evaluating a property be able to estimate the repairs by a margin of about 20%. If you underestimate your repair cost, your investor will have to re-evaluate whether or not the property is really a good deal or not.
2.) Accurately estimate the Market value of the property – Don’t base your property value estimate on the asking price of other houses that similar in spec. You need to base your value on similar houses that have been sold in the area in the last 30-60 or 90 days.
3.) Understand the impact of holding costs – Know the average ‘Days On Market’ (DOM) for properties selling in that area. This will have a critical impact on your investors holding costs and ultimately your profit. If the average DOM is 90 this means the investor can expect to pay out 3 months of loan payments, most likely borrowed from a hard money lender at somewhere between 12-14%.
Of course if you know the average DOM is 15-30 days your deals will be all the more attractive to outside investors.
Again due diligence in the form of market research on your part will insure you are credible and are communicating the most accurate information regarding DOM to your investor group.
4.) Research the property – be prepared to examine and communicate to your investor group issues regarding deed problems, structural records, comps, zoning status, insurability report, and other key details that would affect closing and or re-sell. Again no surprises.
5.) Be serious and know your role – in other words, treat this as a real business. You are providing a service, a specialized niche that requires a combination of negotiating skills and knowledge of the real estate market. If your assignments turn over or ‘flip’ quickly and at the right price you will be getting weekly calls from investors providing you endless business.
Summary
The good news is flipping real estate contracts can be learned; there are some really good methods in the form of e-books available which are not very expensive. Successfull real estate contract flipping involves a mix of knowledge and experience, and probably the best way to get your foot in the door making money in real estate. Why not start the learning process? Most realize there’s nothing to lose and opens the door to acquiring wealth.
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9 Creative and Cheap Ways to Sell Your Home Fast
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Selling your home is not an easy task and sometimes the hidden costs are enough to send the meak running away with tears in their eyes. However, there are creative and cheap ideas that can be used to help sell your home quickly. This will cost money but with a little bit of know-how and forethought, it can work to be cheaper in the long run and the investment and time put in can reap higher profits if applied properly.
Here is what you should consider when trying to sell your home quickly without spending a ton of money.
Home Value – maximizing your profit is your goal but the trick is to evaluate all the surrounding homes in the immediate neighborhood that have sold recently and are comparable in appearance and quality to your own. This is what real estate agents refer to as “the comps.” Then do some research what improvements should be done to your home that are in keeping with the neighborhood. The key here is to make your home more attractive than the competition in order to reach your target price. Get your home valued by a real estate agent as it is now and then again after making any improvements; set the price at the highest price given, allowing for the lowest price you will sell for as being the median between the original and new valuation prices. Be your own advertiser – take quality photos of the best features of your home and advertise them on zillow.com and realtor.com; put a for sale sign in your yard with contact details; create and print your own fliers, distributing them yourself from home to home, in store windows, at gyms/grocery stores/restaurants/cafes and bars; and advertise your home in the same ways in a neighborhood that is also one step up from your home as many people are willing to invest in up and coming neighborhoods. Take a real estate agent’s course or study for free online – learn all the tricks and tips needed to know to sell your own home and avoid the cost of hiring an agent, as well as the pitfalls that you should be aware of; consult with agents on a friendly basis for tips and trends; and be prepared to invest time into showing your home yourself, but if this is too much then hire a real estate agent that gives quality for money. Make your home stand out from the neighbors – clean up the yard, paint the inside a neutral tone, fix all damage or faults, fill in holes and clean the grease in the driveway, paint the outside and fences, get rid of internal clutter and replace old furnishings that are eyesores, mow the lawn, trim/prune/weed, and invest in bedding plants and hanging baskets; and most of all keep it spotless. Only improve what needs vital improvements – never invest in major renovations or improvements unless absolutely necessary; state-of-the-art is not necessary, but fixing things that have worn out are vital; paint cupboards instead of replacing good ones; replace carpets yourself or put in slotted wood flooring yourself; and buy a DIY and home improvement book that shows use the basics of plumbing, decorating and other things to avoid hiring contractors. Invest your improvement money in home preservation versus luxury – spend your funds for home improvements on keeping the home in good order, repairing damage and deterioration, and upgrading wiring or things that could threaten the price as well as the safety of the home. Fix the driveway yourself – fill in major and minor cracks by purchasing a spreader and asphalt re-sealer from your local hardware store, but do not hire a contractor. While you are at it, be sure to clean up the stains on the driveway from dripping oil from engines. Keep up the style of the neighborhood – fix your home to be in keeping with the neighborhood and not to become the local palace in a dumpy area; and do not upgrade unless the overall internal styles are impractical or too outdated to make it workable or live-able. Hold your own open house – prepare brochures and specs ahead of time by downloading free templates for your word processing program on your computer and insert good quality photos that you can take yourself with a digital camera, detailing the main features, local amenities and special things about the neighborhood and your home that make it worth investing in; prepare a tour by emphasizing all the best aspects of your home and how it has allowed you and your family to have a happy home to live, but do not give any negative aspects; and as an added bonus, offer free coffee, tea, juice and homemade cookies to make the whole experience more inviting.
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