Search All Arizona Green Valley Property!
|
|
|
Green Valley Real Estate - Search all Green Valley Arizona property and homes for sale with our real estate map search. Marty and Laura Dobos are here to serve your Real Estate needs.
|
What is your primary source for real estate information?
(A) Newspaper
(B) Directly from a real estate agent
(C) Classifieds
(D) Internet
(E) Friends and family
We can develop a Buying or Selling Strategy For You!
|
|
1. Find the right representative
Even if you’re not quite ready to buy, your buyer’s agent can be an absolute wealth of information, and can often offer ‘scoops’ on local developments you might not have know about otherwise. Speak to your agent first and he or she can be helping to guide you right from the start.
2. Find out what your price range is
Online mortgage calculators are a good place to start, but as you get closer to being ready to buy, there is no substitute for a written mortgage pre-approval. Just speaking to your lender is an extremely worthwhile venture – this is the only way to really get an in-depth picture of your overall financial picture and to discover exactly what you can reasonably afford to spend on a home (and possibly on renovating). 3. Find out what your local market looks like
The internet can be incredibly valuable in doing preparatory research. Start with your agent – he or she can direct you to valuable resources and immediately start e-mailing you real estate listings that may interest you (or at least give you a better idea of what your needs and wants are). 4. Find out what your true needs and wants are
Compose a needs/wants list that takes into consideration your local market conditions, your price range, and the advice of your real estate agent. 5. Find your dream home!
Once you’re ready to act, you may be surprised by how quickly you can make a decision. Armed with your pre-approval, a little market knowledge, and your needs/wants list, call your real estate agent, hit the pavement, and when you see ‘the house’, put in an offer. With the right team behind you, it really can be that easy! |
|
|
Hey Real Estate Buyers! How Can You Beat a Cash Bidder?
|
|
Cash buyers are flooding the real estate market in record numbers to take advantage of bargain housing prices. But these buyers may put consumers who need financing at a disadvantage.
Sellers often prefer cash deals because it can mean faster closings and transactions that are less likely to fall through. Some sellers are even accepting lower offers because they are from cash buyers than higher offers from a financing buyer just because they view it as a more solid deal that will be quicker to the closing table.
So how can your financed buyers compete? Experts offer a few tips.
Get pre-approved or pre-qualified for a mortgage. “The smartest thing they can do is make sure they talk to a competent mortgage banker … to pre-approve them ahead of time,”  says Mike Litzner, broker and owner of Century 21 American Homes in New York.
Show you’re in good standing. You'll improve your chances of getting a seller to accept your bid by having more cash that you’re willing to put down, showing you have a stable job, and good credit, Litzner says. Also, a well-prepared, typed-out contract that includes a cover page summary of the contract deals is another way to show you’re a serious buyer, says Dan Quinn, a real estate professional with Prudential Carruthers REALTORS® in the Silver Spring area of Maryland.
Offer more earnest money. Offering a high down payment and high deposit can also help improve your chances of beating out a cash bidder, Quinn says.
Act quickly. “What I found out is with these cash buyers, they act quickly,” Quinn says. “To compete, you have to act quickly. A lot of times, these are investors and they have a relationship with these listing agents.” Buyers' agents should develop rapport with the listing agents too, Quinn says.
Realize, however, that while some sellers may be highly motivated to accept a cash buyers offer, even if it’s lower than others, sellers with more equity in their homes may be less wooed by lowball cash offers, says Donne Knudsen, a mortgage loan originator with Cobalt Financial Corp. in Los Angeles. Instead, sellers who still have equity in their homes likely will be more motivated by the best and highest offer, since closing quickly may not be as critical to them, she says.
Source: “How to Beat a Cash Bidder in the Housing Market,” MarketWatch (April 13, 2011) |
Top 5 Myths for Buying a Home
|
|
Top 5 Myths For Buying A Home Sometimes when buying a home, expectations may be high. If you are looking to purchase a home, remember it's still a business transaction. Here are our Top 5 Myths For Home Buyers 1. The listing information is always correct ~ Wrong. When it comes to listings, don't always take the information on the house as being on-target. Some times listing agents don't bother to check out facts they receive from the sellers and the wrong data is posted. Always verify! 2. We will find the PERFECT house ~ Not always. Buyers may try to focus on something that's wrong with a house rather than all of it's good points. Don't expect to get everything on your wish list and zero in on the items that are the most important to you. 3. If we have several agents looking for homes on our behalf, we'll find a house quicker. Wrong again. By working exclusively with one agent you will improve the momentum and the end results. Working with your Buyers Agent thrives on communication, loyalty and trust! 4. When a house remains on the market longer, the more you can negotiate a better deal. Buyers always ask, "How long has this home been on the market?" They may think the longer its been on the market the more they can negotiate the price down. Wrong ~ It often means the seller is determined to hold on to their price. 5. If the offer is accepted right away, it was too much to offer." No, it's just called buyers remorse. There's no point in second-guessing what the bottom line is, go with your goal and everyone will be a winner. |
Your Calculator
|
|
Let us help you find out what you can afford! Our mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying. Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.
|
|
|
|
|
Required
|
Optional
|
Results
|
Receive this Detailed Analysis
|
|
|
|
Your Monthly Payments
|
| |
| Loan Amount: |
|
|
|
| Loan Insurance (
%): |
|
|
|
| Total Loan(Mortgage) Amount: |
|
|
|
| |
|
|
|
| Principal & Interest: |
|
|
|
| Homeowners Insurance: |
|
|
|
| Property Taxes: |
|
|
|
| Condo Fees: |
|
|
|
| Monthly Loan Insurance (%): |
|
|
|
| Total Monthly Payment: |
|
|
|
| |
| Income Needed to Qualify for the Mortgage |
| |
| Total Monthly Loan Payment: |
|
|
| Total Monthly Debt Payment: |
|
|
| Monthly Loan Insurance (%): |
|
|
| Qualifying Income of
% GDS Ratio: |
|
|
| Qualifying Income of % TDS Ratio: |
|
|
| |
| What You Can Afford |
| We are using the % ratio.
|
| Cost of House: |
|
|
| Down Payment: |
|
|
| Loan Value: |
|
|
| Monthly Principal & Interest: |
|
|
| Monthly Insurance: |
|
|
| Monthly Property Tax: |
|
|
| Monthly Condo Fees: |
|
|
| |
| Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate) |
|
|
|
|
Search the MLS Like An Agent?
|
|
|
Do you want to search the MLS like an agent? I can give you FREE access. Fill out the form below and I will send you an email with the link - No Obligation! See all the homes, foreclosures, short sales and bank owned properties on the market! There's even rentals and commercial properties available for your review.
|
|
|