Archive for Buying
Scottsdale AZ Homes For Sale At 23035 N Church RD Scottsdale, AZ 85255
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Your Scottsdale Luxury Home
If you are looking for a custom luxury home, that is like being at your own private resort, than you need to take a look at this special Scottsdale AZ home for sale. This Custom estate, is sitting on 8+ acres and features 7 bedrooms, 10 baths, an office with built ins, game room, wine room. There is extensive use of canterra stone. The home also features custom light fixtures, custom vanities and mirrors, attached guest house, a 40 seat professionally equipped theater with stage area, soda station, and more! There is also a complete gym with weight room, lockers, steam shower & tanning room.
Professionally landscaped grounds with rock waterfall, pond, misters, sit down bar areas, large screen TVs, pool, 2 firepits, tennis court, 2200 sq ft of garage space with custom storage & car lifts. Too many features to list them all. This listing is courtesy of Russ Lyon Sotheby’s International Realty. When you are ready for more information on this, or any property in Scottsdale, Contact us to get the very best in buyer representation. You want to have a Scottsdale Realtor that has your best interests in mind, not the sellers.
Family room
Open Spacious Modern Kitchen
Master Bath
Outside Patio Lounge
Your Private Theater Complete With Stage
Your Own Tennis Court
Your Resort Pool With A View
Remember, when you are ready to take your dream of owning a Scottsdale AZ home, and make it a reality, Contact us, we will make it happen.
Scottsdale AZ Home For Sale At 42764 N 98TH PL Scottsdale, AZ 85262
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Custom Luxury Scottsdale Home
Looking for a custom luxury property in Scottsdale, Arizona, and you are looking for the best. Then check out this property. Sited on just under 6 acres of hillside land,at Desert Mountain, Villa Paradiso affords privacy and yet presents extended city light & mountain views. This authentic reproduction period home embraces the finest of Italian & French designs including soaring groin vaulted ceilings;150 yr old wooden beams; dramatically vaulted hand selected stone archways & brick barrel hallways.
Elegant, yet inviting w/18,000 S/F under roof, this home is for the most discerning of clients. Fully retractable walls of glass unite one with a lavishly appointed multi-level pool, a fireplace Ramada & a fully equipped outdoor kitchen. 12 hand crafted, masonry f/places, a 16 seat theater, an epicurean kitchen and a fully appointed carriage guest house signify you have arrived. Crestron® automation/security throughout. Includes DEGM. This listing is courtesy of Russ Lyon Sotheby’s International Realty.
When you are ready for help in getting more information on this, or any property in Scottsdale, Contact Us
for the best representation you can get. We will represent your interests, and not the sellers.
Imagine Entertaining In This Kitchen
Imagine Relaxing In This Master Bath
Enjoy The View From Your Scottsdale Home
Enjoy Your Favorite Movie
Another View Of Your Theater
Enjoy The Sunset
We are here to be of service when you are ready to have your own piece of Scottsdale. Contact Us today, and see how we may be of service to you.
Buying a Home After a Foreclosure – How Long Do You Have to Wait?
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Buy Scottsdale AZ Now After Foreclosure Purchase
There are some misconceptions out in the public, about how long a foreclosure can stay on the credit report, how long the foreclosure affects their ability to borrow negatively, and how long it will be, before they will be able to purchase another home. Some borrowers believe, unfortunately, that after a foreclosure, they will never be able to buy another house again, or qualify for a car loan, some even think they will not be able to even get a credit card at a decent interest rate. All these thought simply just because they lost a house.
While having a foreclosure on your credit, will have serious negative consequences, the myths surrounding the issue can be much worse than the actual effects. On the bad side of things, a foreclosure will remain on your credit report for the full seven years. A borrower can request the bank to remove the record at any time, and delete mention of the foreclosure, banks are usually never interested in doing this, and there is little that could force them to do so. This means that as a former homeowner, you will most likely have to deal with having the negative mark on your credit report, for nearly a decade. The good news is that its most damaging effects will be felt in the earliest years after the loss of the home. The longer in time the homeowners are removed from the initial foreclosure, the less of a negative effect it will be on their credit scores. If you have great credit, and then show missed mortgage payments, and then a foreclosure filing, your score can instantly drop into the low 500s or even the high 400s by the time the sheriff sale and eviction occur, assuming you go that route, and stay till the end.
Things will get better, as long as you work on repairing your credit history, by paying off any other debts, using borrowed money wisely in the future, and disputing negative, or old information contained on the report. If you do all the right things again after a foreclosure, your score will begin to improve despite the foreclosure. The time period between foreclosure, and owning a home again, is almost entirely dependent on your effort to repair your credit and establishing a new, on time payment history. You may be able to apply for a competitive loan within a couple of years after the foreclosure if you are able to show excellent credit since then, and you did not have a history of bad credit before the foreclosure, and you can show that if was all due to some circumstances basically beyond your control. Saving up for a true down payment of 15-20% of the purchase price of the home is also important to the banks when considering whether or not to offer a housing loan. If you only focus on credit repair, you may still be able to qualify for a new loan within 2-3 years after foreclosure. On the other hand, some may have to wait 4-5 before their credit repairs itself enough naturally.
Of course, if homeowners are able to stop foreclosure before the lawsuit, sheriff sale, and eviction have completely gone through, they will find it much easier to obtain any new credit later on. But, unfortunately, this may not be possible for some borrowers who have no other choice than to give up trying to save their home. The best they can do after this is to work on their credit report and make sure they get a fresh start after losing the property. Although it may take at least a few years to qualify for any new mortgage, this period of time should be used to pay off other debt, establish on time payment history, and save up for a down payment on a new home.
While the effects of foreclosure can be severely negative, you do have alternative ways that you can go, to avoid a foreclosure, and in some cases be able to stay in your home. We have been able to have some banks modify the loan for our clients and they are able to keep their homes. The first thing you should do if you are facing a situation where you are going to fall behind on your mortgage, is consult an experienced Short Sale Realtor. They will be able to help you decide your best plan of action. The best time to decide is before someone else, like the bank, makes the decision for you. We would like for you to contact us, for a free no obligation evaluation of your options, while you still have options. If you are already behind on your mortgage, sometimes 5 or 6 months, we may still be able to help you.
Understanding the Obama Housing Stimulus Package
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The Obama Housing Stimulus Plan is surrounded by a lot of misinformation and misunderstanding. Do you know what it takes to qualify for the first time home buyer’s credit? What about loan modifications? This article will give you a great basic understanding of the new Housing Stimulus Plan and how it can help you –and thousands of other Americans– save their home from foreclosure.
One of the first things the new stimulus plan does is give first time home buyers a new tax credit of $8,000. This money is only available to individuals that have not owned a home for the last three years and only applies to homes purchased this year, in 2009. Homes purchased last year qualify for a different stimulus plan tax credit of $7,500 that must be repaid. This new tax credit is reduced is the buyer’s income is over $75,000 (if single) and $150,000 (if married). You can choose to have the tax credit paid to you through your 2009 taxes or an amendment to your 2008 tax return.
The plan also gives people with problem mortgages the chance to refinance for a new low, fixed rate. If your home mortgage is above 31% of your income, you have a loan through a government-approved lender and can prove that you can financially handle your new, lower payments, you may qualify for a refinancing. This can can help you in a number of areas, including giving you a lower monthly payment, converting an adjustable rate to a fixed rate, possible forgiveness of some principle, waived late fees and forgiven missed payments.
This new housing stimulus plan has the potential to help millions of Americans that are struggling to afford a new home, or keep the one they already have. If you’re preparing to buy a new home or are in desperate need of a refinancing on your existing home loan, consult with someone that specializes in home loans and the new stimulus plan to find out if you qualify for this government financing.
A Helpful Home-Buying Checklist for First-Time Buyers
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For most people, buying a home represents the largest and most significant investment they will ever make. So it only makes sense to prepare for that process.
Here are seven things you can do to prepare for the home buying process, before you even begin shopping for a home.
1. Learn the home buying steps in advance.
When you understand the basic steps to buying a home, you will make better decisions along the way. This will help ensure a smoother real estate transaction. Mortgage and home buying lingo is a big part of this, so be sure to read through a few real estate glossaries before you get deep into the home buying process. The last thing you want is to sign a document that uses terminology you don’t understand!
2. Review your debt-to-income ratio.
This ratio represents your amount of monthly payments (bills) compared to your average monthly income. Debt-to-income ratio is one of the things mortgage lenders will look at when qualifying you for a loan. Most lenders will prefer your debt not to exceed 20% of your net monthly income. If your debt is more than 20% of your income, it’s time to pay down some of those bills. You’ll have a much easier time qualifying for a loan if you do.
3. Set your home buying budget.
By using a mortgage calculator, you can get a pretty good idea of how much mortgage you can afford to pay each month. This directly corresponds to the amount of home you can afford to buy. Once you have an approximate budget in mind, you’ll be able to limit your home search to those homes that fall within your budget range. This will save you a lot of time and hassle, while keeping your home search financially feasible.
4. Start saving your cash.
Unless you’ve just won the lottery, there’s a very good chance you’ll need some cash reserves during the home buying process. For one thing, mortgage lenders like to see that you’ve got some money saved for your settlement / closing costs. Secondly, the additional cash will come in handy for moving expenses, furniture purchases, home insurance, and all the other compiling costs that go along with buying a home.
5. Review your credit report.
Order a copy of your credit report and look it over for errors, inaccuracies, or anything that just seems odd. This is one of the first things a mortgage lender will do when considering you for a loan, so it makes sense to conduct your own review first. The easiest way to obtain copies of all three reports at once (from Experian, TransUnion and Equifax) is to visit www.AnnualCreditReport.com.
6. Fix credit errors quickly.
If you review your credit report and find something that doesn’t seem right, go to the company’s website who produced the report (TransUnion, Equifax or Experian) to submit a correction request. These companies are required by law to examine any reported errors on credit reports, and to correct them if necessary. But the process can take time, so you want to stay on top of it to resolve it quickly.
7. Get pre-approved for a loan.
During pre-approval, a mortgage lender will review your credit report, income and overall debt to determine how much of a loan you qualify for. With a “pre-qual” letter in hand, you can be more confident about your buying power in the real estate market. It also shows sellers that you’re serious about (and capable of) buying a home. This can be an important factor if the seller receives offers from multiple buyers, as they will likely consider those who have been pre-qualified above those who have not.
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