Arizona - Phoenix Real Estate & Blog News

FICO Score, Credit History – What’s really relevant for Home Buyers?

Peggy Elias — Thu, 26 Jan 2012 08:56:44 +0000

Arizona First Time Buyer and Your Credit History

As part of the loan application process, virtually all Arizona lenders will want to see a copy of your credit report. The report will list all your long-term debts (credit cards, mortgage payments, automobile and student loans, etc), as well as your payment history. If you don’t have a copy of your credit report, most lenders will generally require you to pay for a copy when they process your loan application. Speaking directly to a local lender will help with questions on the loan process and costs.

However, most Arizona real estate experts agree that it is a good idea to obtain a copy of your credit report several months before you apply for a loan. This is so you have a chance to resolve any problems with your credit before your bank sees it. U.S. Federal law ensures that you have access to your credit report, which may be obtained from your local credit bureau or any of several national firms that specialize in credit reports. Typically, you can get a free copy on a yearly basis.

Late payments For most people, problems with their credit report are likely related to late payments on a debt. If you were late one month in paying off your credit card, but otherwise have a good payment history, chances are most lenders won’t be too concerned. But if you have a history of late payments you’ll need to document the reasons why. A slow payment history won’t necessarily get you turned down for a loan, but you may have to pay a higher rate of interest or otherwise prove to the lender that you can repay your loan in a timely fashion.

Errors on your credit report Many people are surprised to learn that credit reports can often contains errors or inaccurate information. If this is the case with your credit report, you’ll need to contact the reporting agency or creditor to have the problem resolved. This can sometimes be a slow process, so make sure to give yourself time to clear up the mistake. This is important so you will know right away if there are issues that will need to be resolved.

Bankruptcies and foreclosures There’s no getting around it, a bankruptcy on your credit report is not a good thing. But that doesn’t mean you still can’t obtain a loan. Even though a bankruptcy may stay on your credit report for seven to ten years, lenders will often consider the circumstances surrounding a bankruptcy (family illness, injury, etc.). Moreover, if you have reestablished good credit since the bankruptcy, a lender will be more inclined to approve your application. Foreclosures are all to common nowadays and the lenders all have different criteria for re-establishing credit and time-frames to become eligible to repurchase a home.

Arizona Lenders can help to answer your questions by phone or even by email. If you would like to speak to a lender that I have worked with in the past few years give me a call or email. Having a good lender can save time and money.

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Tips for getting your Arizona home ready to list and sell

Peggy Elias — Thu, 29 Dec 2011 09:27:39 +0000

A Major part of selling is the presentation of your home.

Many Arizona real estate agents will tell you it’s a seller’s market, but what about all those low value deals you are hearing about? How can you compete?

Presentation, pricing and giving options to the buyers. Plus you need to be especially conscientious of how your home presents itself with so many homes currently on the market in Glendale, Peoria, Surprise, and the west valley you want to be sure your home shines. It’s a good way to get top dollar, an excited buyer and a fast sale.

PRESENTATION: You have one chance to make a first impression with buyers. Let me help you to make a great first impression with a few quick tips on preparing your home for the critical eyes of the buyer. Sometimes, we overlook a few simple things that can make your home appear well taken care of and more desireable in the eyes of the buyer.

Photos showcasing a clean, well maintained home will bring the greatest number of buyers who are looking for a home in your area. Staging is a great way to present your home in it’s best possible light.

PRICING: Today, short sales are ruling the market and REO homes are right behind with low prices. But, many of the short sales have issues that the homeowner cannot fix, same with REO’s. We find most of the REO homes need at a minumum new paint and carpet, plus a thorough cleaning. The typical buyer wants a clean home that is in move-in condition. This is where you can definately shine if you go room-by-room checking for any and all repairs and making sure you have everything clean.

Lastly Options: Giving buyers options. This can be done with Lease Option, Lease Purchase or Seller Financing Options. So many buyers cannot qualify right now but would be perfect to Lease Option allowing you to move to a new home. Either moving up to a larger home, or down-sizing to a smaller home.

Give me a call if you want me to set a time to view your home. 602-670-8496.

In addition, I can help you put together a plan to showcase your Arizona home with lots of pictures and creative descriptions to help make your home shine and appeal to the largest number of Home shoppers.

My email on ”Getting Your Home Ready for today’s Market” will help you with tips for every room in the house. It will help you to “think like a buyer” with great ideas for staging your home. After all selling your home quicker and for “Top Dollar” is the ultimate goal.

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Why is Lease Option so popular right now?

Peggy Elias — Thu, 29 Dec 2011 09:09:36 +0000

What the newest trend in the Metro Phoenix Housing community? Many real estate investors are buying homes to lease option to otherwise unqualified buyers. It’s really a win-win program as long as you are getting a home that you love and want to live in while you are getting your credit in line for purchasing the Arizona Lease Option home.

We’ve outlined some steps for lease option homes in case you have questions on it. Of course, every seller has different criteria but many will have a list of homes that are currently available. Most require a significant down payment but allow for several years to complete credit repair. Many people like to take advantage of this type of program so that they know they are building their credit and have a goal to purchase a home and not continue renting longer than needed. Plus a good lender will offer tips on getting your credit score on track, for cleaning up negative credit and establishing new credit.

Looking for the perfect family Arizona home in the West Valley? Do you need a lease option to help give you time to fix your credit? Call us to find out how we can help – 602-670-8496.

In this market, so many people need to have credit repair to qualify to purchase a home and that takes time. The good news about lease option homes in Glendale, Peoria, Phoenix or Surprise is that you have the time you need to get your credit back on track. We can help answer your questions on rent to own homes, lease option and what types of homes are currently available.

What type of criteria do you need?

Clean credit for the past 6 months with no late payments.
You have to be employed
Willing to work directly with a lender to get your credit on track.
Ready to find out more?
Do you have questions? Give me a call at 602-670-8496.

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Glendale Arizona fix up properties

Peggy Elias — Tue, 22 Nov 2011 07:23:00 +0000

Have you considered getting a fix up property in Glendale, Peoria or Surprise, AZ? You keep thinking about it but wonder if it will really be a stupid idea . Do you really have the knowledge and experience you need to find a home that is a diamond in the rough? Or will you pick that home that’s a money pit?

Best option, be sure to have a reliable home inspection company fully check the home and for any red flag areas get additional inspections.

If the home inspector says he’s not sure that roof will last, then get a roofer out there. Ask them for their opinion. But keep in mind, they may be wanting your business so may paint a picture that is worse than what’s really going on. How do you avoid huge repairs you don’t need?

Get contractors, handymen, inspectors, or roofers who have been recommended by someone you know. But don’t just get one bid. If you are looking at a significant repair item such as the roof, air conditioner, or bathroom updates then take the time you need to get multiple bids for the repairs. You will find some are way too high, others too low but it isn’t about price it’s about getting a quality job and at a fair price.

Do you have tips for getting a property fixed up to sell that are unique or that can save money. Let us hear about them, we’ll be posting an update later about fixing and flipping tips to save money when buying a home that needs to be rehabbed in Arizona.

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Looking for a Glendale Arizona Home?

Peggy Elias — Thu, 17 Nov 2011 06:19:12 +0000

Wow! Value priced home in Glendale plus fully updated and upgraded!! In addition, there is seller financing available or as an investment property with month-to-month tenant. If you are just getting your credit back on track this might be the deal you have been looking for in Glendale, AZ.

If you are considering a home in the west valley check this one out!! But don’t wait too long to call!

Here is a view of the kitchen. As you can see it’s totally redone.

Totally rehabbed in 2009 with all new upgraded flooring including wood flooring in the living room, a huge upgraded tiled family room, upgraded kitchen with filled travertine flooring with decorative inserts which also match at the entryway of the home. The entire kitchen was updated with new cabinets, countertops and appliances.

Home has decorator neutral tones of paint and upgraded carpet in the bedrooms in a neutral tan tone. What is even nicer this home has a spacious laundry room downstairs, plus it’s 4 bedrooms and 2.75 bathrooms.

This is a great property and priced to sell immediately. We’re sending out the updates on it all day and hope to have it sold prior to the upcoming holiday week-end so if you are interested in this bargain priced home give Jessica a call at 602-743-3090.

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Peoria Arizona and West Valley Short Sales

Peggy Elias — Wed, 09 Nov 2011 21:54:22 +0000

As a Realtor in the West Valley we work directly with homeowners helping them to negotiate short sales in Peoria, Glendale, Surprise, Waddell and the West Valley.

We are continuing to see Peoria AZ homeowners place their listings on the market even though they are upside down on what they owe to the bank. By doing this, they are avoiding a foreclosure and helping their credit.

Many times when homeowners are leaving their home behind they are not as concerned with their credit because they are so stressed out by trying to keep up with the monthly mortgage payments they are just beyond caring. If you are one of the many homeowners in Glendale, Peoria or the west valley who is feeling the same way, please take a moment and call us, at least find out about your options.

: Get Help with your Peoria Arizona Short Sale

Do you want to rent for 5-7 years or would you rather work together with an Expert Negotiations Team and purchase a Peoria, AZ home again within 1-3 years? It’s all about saving your credit rating.

Our new program is a collaborative TEAM approach with many people who will be on your side working to help you keep your credit rating, work on helping you to pay the least amount possible when selling your home and to put together a plan for your families financial future. It’s not always going to be like this and by keeping on eye on the future you can help yourself in more ways than you may know.

Give Jessica a call at 602-743-3090 and have her send over our negotiation packet plus the information for talking to our TEAM which includes a CPA, tax advisor and get information on putting your family first in your financial future!!

Here’s one of the current short sales we viewed today in Peoria, Arizona, at the right and we can also help you whether buying or selling a home in Peoria, AZ.

Peoria AZ Free Short Sale Negotiation & Reports are available at our link at http://phoenixforeclosureinfo.com/

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Getting your home ready to sell in Glendale, Peoria or Surprise, Arizona

Peggy Elias — Sat, 05 Nov 2011 09:23:50 +0000

Tips for Preparing your Home for selling in Arizona

Tips for Showcasing Your Arizona Home

A Major part of selling is the presentation of your Metro Phoenix Home.

Many Arizona real estate agents will tell you it’s now a Seller’s Market!!

There are fewer homes on the market that are not short sale properties so it’s a little easier to get your home noticed.

But, what if you are trying to get a top dollar sale in today’s market that is so unpredictable?

You will need to be especially conscientious of how your home presents itself with so many homes currently on the market in Glendale, Peoria, Surprise, Litchfield Park, Phoenix, Scottsdale, Avondale, Tolleson and
Goodyear.

You have one chance to make a first impression with most Arizona buyers. Let me help you to make a great first impression with a few quick tips on preparing your home for the critical eyes of the buyer.

One of the best pieces of advise is to get a friend or relative who can be completely honest with you to go over your home from the front entry way throughout and give you tips and ideas of where they think you should try to improve.

In addition, can help you put together a plan to showcase your Glendale, Peoria or Surprise Arizona home with lots of pictures and creative descriptions to help make your home shine and appeal to the largest number of AZ Home shoppers.

As they say, a picture is worth a 1000 words and more so in today’s market. If you have looked at Homes.com or Realtor.com properties I’m sure you have seen some that are pretty ugly or need a lot of work.

Once you have had someone come through your home, get busy give it a good cleaning, remove clutter, family photos and then call me to do a quick walk through. Most buyers unless they are an investor want to move right into their new home without doing anything. So, give me a call and I will go over my marketing tips for your home. 602-670-8496.

In addition, I can also email my seller’s brochure that will give you additional tips for getting your Glendale, Peoria, or Surprise Arizona home ready for selling.

My brochure “Getting Your Home Ready for Today’s Market” will help you with tips for
every room in the house. It will help you to “think like a buyer” with great ideas for staging your home. After all selling your home quicker and for “Top Dollar” is the ultimate goal. If you need short sale or foreclosure information call today or visit our sisiter site on foreclosure info at http://PhoenixForeclosureInfo.com

Remember Think like a buyer:

Repair, Clean, Paint, Neutralize, Manage space, set the Atmosphere and above all give us a call!

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Investor homes available in Glendale and Peoria, Arizona

Peggy Elias — Sat, 05 Nov 2011 08:49:23 +0000

We are working more and more with investors who are purchasing homes in the west valley. Both Glendale and Peoria, AZ are popular due to the ease of commuting to work for tenants and investors are grabbing up deal after deal.

I saw 4 new REO properties in the MLS this afternoon, so I”ll be checking them out tomorrow. Hopefully it won’t be raining!

If you are considering buying a West Valley home it is a great time due to the low prices. The selection is not as good as it once was but still if you are investing in a home and it’s not your primary residence it’s definately easier to find a great home that would be a good fit for fixing up and reselling, or buying as a rental home.

We’ve been looking in North Glendale, North Peoria to the west out near Luke AFB, also. One of the homes in Glendale that was an REO really needed a lot of work due to the condition of the roof. So, be sure if you are investing in a home to be ready to get a reliable home inspector to the home quickly to determine the overall damages and help evaluate some of the big ticket items such as the condition of the roof, the air conditioning unit(s), and look for hidden damages, also.

Even with a short sale you never know if the homeowner has had to let some items go unrepaired due to a financial hardship. Having a reliable representative and reliable home inspector can go a long way to ensure you are actually getting a good deal. Of course, nothing is 100% there could still be builder defects or such or hidden damages such as painted over water spots.

My advise if you are looking for the perfect family home to live in is to be flexible and to realize a low price, great location & style may be the best deal of all.

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Glendale Arizona Short Sale – fix and flip home

Peggy Elias — Tue, 04 Oct 2011 10:03:20 +0000

Click here to view the embedded video.

Here is another fix up home in Glendale, Arizona. This is a great little starter home with a great room, step-saver kitchen

and then step outside into your private rear yard with Mountain View.

This could be a little dream home with either a renovation loan to add updates to the flooring, paint and kitchen updates, too.

Ready for Halloween at this Glendale home.

So, if you have been wanting to get a Glendale Arizona fix and flip or just a really good price on a home

this might be the right home for you. We’d love to have you havng a haunting good time in your new

home for Halloween!!

Again, this home is a perfect fix up needing such items as flooing, paint, and a new air conditioner. Of course at this price it will sell quickly but we always have new homes coming on the market. Let us know if we can help with your home search or provide information on getting your credit on track.

Lastly, if you are looking for a Realtor in the Metro Phoenix area to help you find a great home we’d love to be your Realtor of choice.

Give us a call at 623-435-0447.

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Glendale Arizona fix up property

Peggy Elias — Sun, 25 Sep 2011 08:17:08 +0000

Click here to view the embedded video.

Looking for a great opportunity? It’s knocking with a great little Glendale AZ fix up home.
This a patio home, corner lot, larger rear and side yard, looking for someone who will take a chance
and renovate!! So, if you have been wanting to get a home at rock bottom pricing and put your custom flair and
design on it – this could be the one. This Arizona home has lots of possibility with what could be a very
flexible floorplan.

Handyman special in Glendale, AZ

This little gem of a home in Glendale Arizona is what is typically called a “handyman special”.
These types of properties are flying off the market due to the demand for homes to be available as
rental homes. But some investors are flipping these homes for a profit due to demand for homes
that will meet FHA financing standards.

We are regularly looking at fix up and flip homes. This one will sell quickly but we will be posting

others so be sure to check back!

Lastly, if you are looking for a Realtor in the Metro Phoenix area to help you find a great home we’d love to be your Realtor of choice.

Give us a call at 623-435-0447.

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