Showing posts with label real estate tempe arizona. Show all posts
Showing posts with label real estate tempe arizona. Show all posts
Tuesday, January 7, 2014
How do Appraisals Work?
Thanks for visiting my video blog! There are just so many questions surrounding the home-buying process so it's easy to get lost. Today I want to talk about one question in particular I was asked by a client of mine: what happens if the appraisal value of my home comes in low? Fortunately, we haven't experienced this problem as much as we did earlier in the year, but it still raises an important question. Appraisals are a mystery to a lot of us, so how do they work?
Appraisals are used to protect you from over-paying and to protect you from spending outside of your payment bracket. They are also used to keep the market stable and prevent inflation.
The mortgage company sends an appraiser to the home. Using pending sales and closed sales, they evaluate your home in comparison. As a real estate agent, it is our job to guide that appraiser. We give them facts about the area and neighborhood. We present them with recent homes that are similar and have sold for a high value. So it's important that the appraiser has this key information. This way you stand a better chance of getting a higher appraisal value.
If you have any questions about how to increase your appraisal value, please give me a call today! Let's talk about your home! Thanks for watching!
Friday, September 27, 2013
Tempe Investment Fix and Flip Update
I wanted to update you again with an excellent rental or fix-and-flip opportunity at 919 La Jolla here in Tempe.
It’s not on the MLS and the seller, a wholesale company, asked me (along with a few select others) to find a buyer. It’s listed at $180,000 firm.
The wholesale company needs to sell it now and will break even.
With $35,000 in improvements the home will sell in this market in 4-6 weeks at $265,000. After you pay a commission on the sale, you can make yourself a quick $33,000 net profit if you call me at 480-414-4220 and act on it.
We need to update the flooring, fix up the pool, get new paint, update the kitchen, and add a garage. I’ll put you in touch with a contractor who will do all the work, and I’ll find buyer who will pay top dollar for the home.
The construction will take six weeks. So from the time you buy it, to the time it's sold, you can get your money in and out in 3 months at most.
You can also rent it for $2,000 a month with about $10-15k for minimal improvements to bring it up to rental condition. I have a property manager who you can talk to who specializes in the area to find and manage the tenants. Most likely you’ll rent to college students.
It’s in a very well established neighborhood and it’s an excellent investment for you if you have the capital – that’s why I’m writing you.
Click here for more details about the property
Email me back or call me ASAP if you’re interested in buying it (or know someone).
I’ll handle all the work – if you want a video of the property or more pictures, I’ll get them. I’ll even arrange the inspection. I'll make sure you're protected and you know everything you need to know.
And of course, if you need to sell your home, give me a shout and I’ll let you know what your home would sell for, or at least tell you what updates you need to make to bring it up to full market price base on what buyers are paying a premium for in Tempe.
It’s not on the MLS and the seller, a wholesale company, asked me (along with a few select others) to find a buyer. It’s listed at $180,000 firm.
The wholesale company needs to sell it now and will break even.
With $35,000 in improvements the home will sell in this market in 4-6 weeks at $265,000. After you pay a commission on the sale, you can make yourself a quick $33,000 net profit if you call me at 480-414-4220 and act on it.
We need to update the flooring, fix up the pool, get new paint, update the kitchen, and add a garage. I’ll put you in touch with a contractor who will do all the work, and I’ll find buyer who will pay top dollar for the home.
The construction will take six weeks. So from the time you buy it, to the time it's sold, you can get your money in and out in 3 months at most.
You can also rent it for $2,000 a month with about $10-15k for minimal improvements to bring it up to rental condition. I have a property manager who you can talk to who specializes in the area to find and manage the tenants. Most likely you’ll rent to college students.
It’s in a very well established neighborhood and it’s an excellent investment for you if you have the capital – that’s why I’m writing you.
Click here for more details about the property
Email me back or call me ASAP if you’re interested in buying it (or know someone).
I’ll handle all the work – if you want a video of the property or more pictures, I’ll get them. I’ll even arrange the inspection. I'll make sure you're protected and you know everything you need to know.
And of course, if you need to sell your home, give me a shout and I’ll let you know what your home would sell for, or at least tell you what updates you need to make to bring it up to full market price base on what buyers are paying a premium for in Tempe.
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