vipbytim

Buying a home after a Default

October 13, 2012 by vipbytim Leave a Comment

Are you facing an Arizona Foreclosure or a possible Arizona Short Sale? You may be wondering if you can purchase a home afterwards. How long you may have to wait, or what the laws may say.

Well typically, after an Arizona Foreclosure you would have to wait to purchase a home using a Gov’t backed loan a min of 5-7 years. After a short sale you would have to wait at least 2 years.

BUT….

Through an exclusive program now that I am able to offer my clients, you can purchase a home in Arizona immediately after a short sale, and in most cases after a foreclosure or bankruptcy. Yes, you read that correct. Immediately after.

There are some things to take into consideration. If you are just starting your journey into a foreclosure or short sale, to keep your credit score as high as possible you want to try and avoid multiple missed mortgage payments. Read about our short sales at our Arizona Short Sale info website.

If you have already gone through and completed a foreclosure or short sale, contact us to learn more about your possibilities, and to get set up with a VIP Real Estate Search or search the MLS on our Interactive Arizona MLS Search.

SOME TERMS to obtain a mortgage to purchase your New Arizona Home after a short sale or foreclosure:

- Be able to place 20% Down
- 620 minimum FICO, with at least 2 years of job history
- Loan Amount up to $675K
- Primary homes only

Again, There is hope! Don’t Delay, contact Tim today to find out more and start the process to finding a new home. It is the perfect time as home values are great for buyers!

Filed Under: Uncategorized Tagged With: arizona foreclosure, arizona short sale, buying a home after a short sale, buying a home after foreclosure, how to buy a home after a short sale

October Fountain Hills Arizona Foreclosure Market Report

September 29, 2012 by vipbytim Leave a Comment

You can read the latest Arizona and Fountain Hills Market and Foreclosure report here

The market has been picking up and the inventory is dropping in Fountain Hills.

Fountain Hills Foreclosures have been slowing down, but there still are a few new NOD’s filed each month. Those that are not completed as short sales do end up hitting the market within 30-60 days and typically are priced very aggressive. This aggressive pricing typically leads to 2-3 offers at a minimum on the fountain hills real estate. This is even true on the high end luxury listings priced over $1,000,000.00.

Again, you can read the full report here: Arizona – Fountain Hills Market Report October 2012

Filed Under: Fountain Hills Real Estate Tagged With: fountain hills foreclosure report, fountain hills market, fountain hills market report, fountain hills real estate market

Fountain Hills AZ real estate listings

August 19, 2012 by vipbytim Leave a Comment

Fountain Hills, AZ. Such a beautiful place just east of Scottsdale and North of Mesa/Gilbert situated with great views of Red Rock, McDowell Mountains and the Four Peaks.

Search Fountain Hills AZ Real Estate Listings MLS Here

Your Search for Fountain HIlls AZ Real Estate listings has brought you to the most informative Blog/Site on the internet. With VIP Services, 11 Years Experience as a Resident of Fountain Hills you can rest assured that all your questions will be answered. Learn the ins and outs of Fountain Hills.

Start your Fountain Hills AZ Real Estate Listings search here just like a real estate agent would. Every Fountain Hills Real Estate For Sale that is Entered on the MLS is listed here for your viewing. View Pictures, Price Reductions, Maps, Area info and more.

Showing properties 1 - 20 of 307. See more Real estate in the city of Fountain Hills.
(all data current as of 5/25/2013)

$200,000 : 15019 N Mayflower Drive, Fountain Hills

3 beds, 2.00 baths

Home size: 1,831 sq ft

Lot size: 15,512 sqft
$329,900 : 14804 N Fairlynn Drive, Fountain Hills

3 beds, 2.00 baths

Home size: 1,726 sq ft

Lot size: 14,018 sqft
$143,900 : 16344 E Arrow Drive, Unit B2, Fountain Hills

2 beds, 2.00 baths

Home size: 979 sq ft

Lot size: 993 sqft
$409,900 : 17017 E Cascade Drive, Fountain Hills

3 beds, 2.00 baths

Home size: 2,325 sq ft

Lot size: 10,616 sqft
$1,100,000 : 10442 N Villa Ridge Court, Fountain Hills

3 beds, 3.50 baths

Home size: 2,922 sq ft

Lot size: 5,607 sqft
$279,900 : 16525 E Avenue Of The Fountains --, Unit 204, Fountain Hills

3 beds, 2.00 baths

Home size: 1,736 sq ft

Lot size: 1,191 sqft
$329,000 : 15080 N Escondido Drive, Fountain Hills

5 beds, 4.00 baths

Home size: 2,776 sq ft

Lot size: 14,771 sqft
$237,000 : 16450 E Avenue Of The Fountains Avenue, Unit 59, Fountain Hills

3 beds, 2.50 baths

Home size: 1,504 sq ft

Lot size: 1,400 sqft
$740,000 : 15817 E Mustang Drive, Fountain Hills

5 beds, 3.50 baths

Home size: 3,038 sq ft

Lot size: 14,562 sqft
$115,000 : 14645 N Fountain Hills Boulevard, Unit 224, Fountain Hills

2 beds, 2.00 baths

Home size: 986 sq ft

Lot size: 1,230 sqft
$1,100,000 : 14516 E Shadow Canyon Drive, Fountain Hills

4 beds, 3.50 baths

Home size: 4,497 sq ft

Lot size: 35,135 sqft
$244,900 : 16129 E Glendora Drive, Fountain Hills

3 beds, 2.00 baths

Home size: 1,412 sq ft

Lot size: 5,990 sqft
$371,000 : 15766 E Mustang Drive, Fountain Hills

3 beds, 2.50 baths

Home size: 2,322 sq ft

Lot size: 11,748 sqft
$143,700 : 11420 N Saguaro Boulevard, Unit 4, Fountain Hills

1 bed, 2.00 baths

Home size: 997 sq ft

Lot size: 925 sqft
$399,000 : 15633 E Sunflower Drive, Fountain Hills

3 beds, 2.00 baths

Home size: 2,360 sq ft

Lot size: 11,792 sqft
$399,900 : 9852 N Desert Rose Drive, Fountain Hills

3 beds, 2.00 baths

Home size: 1,832 sq ft

Lot size: 6,891 sqft
$1,395,000 : 9635 N Solitude Canyon, Fountain Hills

4 beds, 4.50 baths

Home size: 5,522 sq ft

Lot size: 26,012 sqft
$700,000 : 15310 E Thistle Drive, Fountain Hills

4 beds, 3.00 baths

Home size: 3,560 sq ft

Lot size: 14,976 sqft
$149,900 : 10401 N Saguaro Boulevard, Unit 133, Fountain Hills

2 beds, 2.00 baths

Home size: 1,104 sq ft

Lot size: 116 sqft
$298,900 : 17112 E Cascade Drive, Fountain Hills

3 beds, 2.00 baths

Home size: 1,500 sq ft

Lot size: 11,299 sqft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Fountain Hills Real Estate for Sale has shown that over the past year, values in Fountain Hills AZ have started their climb up and inventory has gone down as you can see by the graph below.

Search Fountain Hills AZ Real Estate Listings on the Fountain Hills Real Estate For Sale MLS and get set up for your VIP Search to be notified as soon as your dream property hits the market. Get the jump start before other buyers do! Contact us today for more info or to view Fountain Hills Properties.

Filed Under: Fountain Hills Real Estate Tagged With: fountain hills, fountain hills az real estate listings, fountain hills real estate for sale, fountain hills real estate market

Arizona Multiple Offer Frustration

April 18, 2012 by vipbytim Leave a Comment

Buyers,

I write this tonight after hearing some input from buyers around Arizona. When I say buyers, it is because they were working with other agents trying to purchase either a Short Sale, Bank Owned Listing, or Traditional Listing that I had listed for sale.

Here is an Article on the WSJ that talks about the Bidding Wars: WSJ Article: Arizona Bidding Wars

The market has done a complete 180 in the past few weeks. From having a ton of homes on the market, to now seeing people lining up at the doors to put in offers. I have listings that receive 15+ offers within 24-48 hours. For example, a Bank owned listing in Gilbert listed at $114,000. Within 3 days I was looking at 31 offers in hand. With investors offering upwards of 150,000 with no inspection period, as-is, sight unseen.

This is very frustrating for buyers looking to purchase a home for themselves. This is not just happening in the lower price point homes. I have a buyer of my own looking for a home around the 750K-1M mark and we are seeing the same thing. Granted, not that many offers, but 1 or 2 other offers, and typically slightly above list price.

The Arizona Real Estate Multiple Offer frustrating is going rapidly. Arizona Real Estate is not what it was 1 year ago, 6 months ago, or even 2-3 months ago. It has changed. Banks are holding inventory and releasing less and less. There are short sales, but they take months, and even those are now receiving a lot of attention as they are about the only homes left to try and purchase.

With that being said, the prices are going up. Home builders are taking note and rapidly firing up their communities and getting spec homes on the ground. What does this mean for you?

If you have an experienced New Home Agent, such as myself, I go in and negotiate Great deals for buyers on a new home. There is no bidding, no wondering if you got the home. You pick your lot most of the time and have it built with your style in mind. Arizona New Homes are often priced just as good as a short sale and bank owned home. The best part about a Arizona New Home is that it is just that, a brand new home. It has a extended warranty, it is move in ready, no one else has lived there.

There are special incentives, great rebates, and even incentives that are not advertised available. Contact me today for more info or visit our Arizona new Home search for more info on arizona spec homes and arizona new home communities.

Filed Under: Arizona New Homes Tagged With: arizona multiple offers, arizona new construction, arizona new homes, buyer frustration

Fountain Hills Market Report: March 2012

April 8, 2012 by vipbytim Leave a Comment

Homes in Fountain Hills Arizona have definitely taken a turn for the better for Sellers, and have become slightly more difficult for buyers to find a property at the amazing prices we have seen for the past 12-18 months.

Sales per month have increase from an average of 30 homes per month from September 2011 – December 2011 to 44 homes in February and 52 in March.

Active listings dropped from a March 2011 at 318 to March 2012 at 241.

Here is the latest in Fountain Hills Real Estate: (Please contact Tim at 480-720-3389 if you have any questions.)

Showing properties 1 - 25 of 307. See more Real estate in the city of Fountain Hills.
(all data current as of 5/25/2013)

$200,000 : 15019 N Mayflower Drive, Fountain Hills

3 beds, 2.00 baths

Home size: 1,831 sq ft

Lot size: 15,512 sqft
$329,900 : 14804 N Fairlynn Drive, Fountain Hills

3 beds, 2.00 baths

Home size: 1,726 sq ft

Lot size: 14,018 sqft
$143,900 : 16344 E Arrow Drive, Unit B2, Fountain Hills

2 beds, 2.00 baths

Home size: 979 sq ft

Lot size: 993 sqft
$409,900 : 17017 E Cascade Drive, Fountain Hills

3 beds, 2.00 baths

Home size: 2,325 sq ft

Lot size: 10,616 sqft
$1,100,000 : 10442 N Villa Ridge Court, Fountain Hills

3 beds, 3.50 baths

Home size: 2,922 sq ft

Lot size: 5,607 sqft
$279,900 : 16525 E Avenue Of The Fountains --, Unit 204, Fountain Hills

3 beds, 2.00 baths

Home size: 1,736 sq ft

Lot size: 1,191 sqft
$329,000 : 15080 N Escondido Drive, Fountain Hills

5 beds, 4.00 baths

Home size: 2,776 sq ft

Lot size: 14,771 sqft
$237,000 : 16450 E Avenue Of The Fountains Avenue, Unit 59, Fountain Hills

3 beds, 2.50 baths

Home size: 1,504 sq ft

Lot size: 1,400 sqft
$740,000 : 15817 E Mustang Drive, Fountain Hills

5 beds, 3.50 baths

Home size: 3,038 sq ft

Lot size: 14,562 sqft
$115,000 : 14645 N Fountain Hills Boulevard, Unit 224, Fountain Hills

2 beds, 2.00 baths

Home size: 986 sq ft

Lot size: 1,230 sqft
$1,100,000 : 14516 E Shadow Canyon Drive, Fountain Hills

4 beds, 3.50 baths

Home size: 4,497 sq ft

Lot size: 35,135 sqft
$244,900 : 16129 E Glendora Drive, Fountain Hills

3 beds, 2.00 baths

Home size: 1,412 sq ft

Lot size: 5,990 sqft
$371,000 : 15766 E Mustang Drive, Fountain Hills

3 beds, 2.50 baths

Home size: 2,322 sq ft

Lot size: 11,748 sqft
$143,700 : 11420 N Saguaro Boulevard, Unit 4, Fountain Hills

1 bed, 2.00 baths

Home size: 997 sq ft

Lot size: 925 sqft
$399,000 : 15633 E Sunflower Drive, Fountain Hills

3 beds, 2.00 baths

Home size: 2,360 sq ft

Lot size: 11,792 sqft
$399,900 : 9852 N Desert Rose Drive, Fountain Hills

3 beds, 2.00 baths

Home size: 1,832 sq ft

Lot size: 6,891 sqft
$1,395,000 : 9635 N Solitude Canyon, Fountain Hills

4 beds, 4.50 baths

Home size: 5,522 sq ft

Lot size: 26,012 sqft
$700,000 : 15310 E Thistle Drive, Fountain Hills

4 beds, 3.00 baths

Home size: 3,560 sq ft

Lot size: 14,976 sqft
$149,900 : 10401 N Saguaro Boulevard, Unit 133, Fountain Hills

2 beds, 2.00 baths

Home size: 1,104 sq ft

Lot size: 116 sqft
$298,900 : 17112 E Cascade Drive, Fountain Hills

3 beds, 2.00 baths

Home size: 1,500 sq ft

Lot size: 11,299 sqft
$799,000 : 14874 E Crestview Court, Fountain Hills

3 beds, 3.50 baths

Home size: 2,957 sq ft

Lot size: 11,565 sqft
$275,000 : 16659 E Bayfield Drive, Fountain Hills

3 beds, 2.00 baths

Home size: 1,943 sq ft

Lot size: 10,406 sqft
$475,000 : 17010 E Monterey Drive, Fountain Hills

3 beds, 2.50 baths

Home size: 3,300 sq ft

Lot size: 16,061 sqft
$105,000 : 17048 E Calle Del Oro Drive, Unit B, Fountain Hills

2 beds, 1.50 baths

Home size: 1,000 sq ft

Lot size: 635 sqft
$475,000 : 15943 E Lost Hills Drive, Fountain Hills

4 beds, 2.50 baths

Home size: 2,402 sq ft

Lot size: 13,843 sqft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Filed Under: Fountain Hills Real Estate Tagged With: fountain hill market report, fountain hills real estate

Arizona Bank Owned Homes

March 17, 2012 by vipbytim Leave a Comment

In the market for an Arizona bank owned home? Here I will talk about the ins and outs of purchasing an arizona bank owned home.

- Make sure to do a Complete home inspection. Even though the bank sell the homes As-Is, you still want to make sure you are not purchasing a home with major unknown issues.

- Make a reasonable offer. Arizona Bank owned homes have a lot of buyer interest because they are listed at aggressive market value pricing. Don’t lose out on a great deal trying to get an unheard of deal.

- Arizona Bank owned properties go through a lengthy process once they are foreclosed on. You want to make sure you are working with an Agent that is knowledgeable and has contacts in the bank owned market. I have helped many buyers acquire an arizona bank owned property over all other buyers simply because I understand the process, how to submit the paperwork correct the first time, and understanding what price it will take to make the home yours. Once a bank forecloses on a property it does not immediately go for sale, but REO agents know what is coming on the market. This is a huge advantage for you because you get an insiders heads up as to a potential property before all the other buyers.

- Incentives, A lot of times Arizona bank owned homes have incentives. Sometimes they are not even well advertised. Working with a REO professional such as myself I know all the incentives available and future incentives that may be coming to the market.

- Don’t be afraid. Purchasing an Arizona bank owned home is just like purchasing a home from a regular seller. An arizona bank owned home just has a few different steps to go through and is very time/task oriented. Again a very big advantage of working with an REO Professional.

Contact me to create a custom search for you.

Here are some of the latest Arizona Bank Owned Homes: (Contact Tim at 480-720-3389 for more info or to view the properties)

Showing properties 1 - 25 of 500+. See more Arizona Bank Owned Homes.
(all data current as of 5/25/2013)

$75,900 : 8815 W Avenida De Amigos Circle, Unit 226, Arizona City

2 beds, 2.00 baths

Home size: 1,076 sq ft

Lot size: 7,500 sqft
$145,000 : 21655 N 36th Avenue, Unit 129, Glendale

3 beds, 2.50 baths

Home size: 1,457 sq ft

Lot size: 1,019 sqft
$145,000 : 21655 N 36th Avenue, Unit 128, Glendale

3 beds, 2.50 baths

Home size: 1,457 sq ft

Lot size: 1,019 sqft
$200,000 : 15019 N Mayflower Drive, Fountain Hills

3 beds, 2.00 baths

Home size: 1,831 sq ft

Lot size: 15,512 sqft
$85,000 : 37094 W Bello Lane, Maricopa

3 beds, 2.00 baths

Home size: 1,370 sq ft

Lot size: 5,227 sqft
$121,900 : 542 N Yucca Circle, Mesa

4 beds, 2.00 baths

Home size: 1,570 sq ft

Lot size: 10,062 sqft
$24,900 : 6739 W Devonshire Avenue, Phoenix

2 beds, 1.00 baths

Home size: 924 sq ft

Lot size: 809 sqft
$115,000 : 15419 N Central Avenue, Phoenix

2 beds, 2.00 baths

Home size: 1,225 sq ft

Lot size: 753 sqft
$229,900 : 19426 E Reins Road, Queen Creek

4 beds, 2.50 baths

Home size: 2,307 sq ft

Lot size: 6,580 sqft
$89,900 : 5623 S Bounty Court, Unit E, Tempe

2 beds, 1.00 baths

Home size: 1,050 sq ft

Lot size: 1,031 sqft
$90,000 : 748 E Morningside Drive, Phoenix

2 beds, 1.00 baths

Home size: 858 sq ft

Lot size: 1,050 sqft
$45,000 : 5377 N Evans Road, Casa Grande

5 beds, 3.00 baths

Home size: 1,776 sq ft

Lot size: 3.66 ac
$49,900 : 12810 N 113th Avenue, Unit 1, Youngtown

2 beds, 1.75 baths

Home size: 1,250 sq ft

Lot size: 116 sqft
$244,900 : 11006 E Decatur Street, Mesa

3 beds, 2.00 baths

Home size: 1,838 sq ft

Lot size: 8,775 sqft
$161,100 : 7750 N Fairoaks Drive, Prescott

3 beds, 2.00 baths

Home size: 2,034 sq ft

Lot size: 37,462 sqft
$39,900 : 1440 N Idaho Road, Unit 1098, Apache Junction

1 bed, 1.00 baths

Home size: 18,248 sq ft

Lot size: 24,000 sqft
$60,000 : 1454 N Morrison Avenue, Casa Grande

4 beds, 2.00 baths

Home size: 2,160 sq ft

Lot size: 9,620 sqft
$299,900 : 4270 S Fireside Trail, Gilbert

4 beds, 3.00 baths

Home size: 2,869 sq ft

Lot size: 6,325 sqft
$114,950 : 16868 W Ironwood Street, Surprise

4 beds, 2.00 baths

Home size: 2,047 sq ft

Lot size: 6,600 sqft
$114,000 : 9719 W Redwood Drive, Sun City

2 beds, 2.00 baths

Home size: 1,999 sq ft

Lot size: 9,862 sqft
$115,000 : 6628 W Johnson Street, Phoenix

3 beds, 2.50 baths

Home size: 1,452 sq ft

Lot size: 2,700 sqft
$334,900 : 8563 W Northview Avenue, Glendale

4 beds, 3.00 baths

Home size: 2,894 sq ft

Lot size: 11,501 sqft
$190,000 : 4114 E Campo Bello Drive, Phoenix

3 beds, 2.00 baths

Home size: 1,257 sq ft

Lot size: 9,832 sqft
$240,750 : 37206 N 24th Street, Phoenix

3 beds, 3.00 baths

Home size: 1,624 sq ft

Lot size: 1.24 ac
$84,900 : 9363 W Madero Drive, Arizona City

3 beds, 2.00 baths

Home size: 1,412 sq ft

Lot size: 15,000 sqft