3 Bedroom | 2 Bath | 85260 | Scottsdale
Undeniably Adorable! Embrace the Scottsdale lifestyle you deserve, walk to parks, schools, and shopping. Lovingly maintained, immaculate home has everything you are searching for…and more. Sun lit, open floor plan features new paint in LR/DR, Kitchen and Bonus Room, Master Bedroom. We have the best builder bonus options; two over sized bedrooms and two walk-in closets. Third bedroom can be used as an office or study. Outdoor living space is a cozy blend of serenity and comfort, perfect for morning coffee and sunset relaxation on your expansive, covered patio. Fig and citrus trees are ready for your culinary delights. This is where home begins.
Arizona Real Estate | Cities
Search for Real Estate in Scottsdale, Cave Creek, Carefree, Rio Verde Foothills, North Phoenix. Access to all MLS Listings by city. Free MLS Search. Start your Real Estate Search by City NOW!
As a 35 year + full time veteran of the REAL ESTATE Industry, I understand what it takes to not only find the Home, Lot, Land, of your dreams, but also how to negotiate the minefield of real estate transactions.
Not only am I a veteran of the real estate industry, I also live in the area I service. An avid Golfer, Horseman and Baseball Fanatic, I know the pulse of the community.
Todays buyer starts on the internet and spends an average of 5 months quietly perusing the information that is available. As this area tends to be buyers from outside the area my internet presence is a huge attraction. I regularly update my material and have additional pages that I maintain with up to date information on such platforms as Coldwell Banker, Google+, Facebook, Blogger, Active Rain, EProperties, Trulia, Zillow, YouTube and many others.
Also, I have other sites that are specific to Property Types. These Real Estate Search Sites are the most complete, comprehensive, and free Scottsdale | Cave Creek | Carefree | Rio Verde | Real Estate Search Sites, you will find anywhere in the valley….I Promise, just click on a picture to be taken to a site dedicated to providing you with all the information you will need to purchase real estate.
Call, text or email for a free market analysis of your existing property. Not only do I work with buyers, I also know how to market your real estate in the most efficient manner to achieve the results you want and expect.
By: Jeff McDowell
Condominiums |Cave Creek |Scottsdale |Carefree |Arizona
Buying Condominiums in Scottsdale, Cave Creek, Carefree AZ
is a convenient form of “lock and leave” ownership. By buying condominiums, you own your unit but the common areas, which include the entire project with the exception of the airspace contained inside the unit are owned commonly with the other owners in the project.
The beauty buying condominiums is that you pay a “Homeowner’s Association” to manage the grass, the interior roads, the exterior of the building, the roof….the list goes on. Pretty much all you have to do is show up and enjoy the lifestyle.
While you may have electrical or gas bills paid individually with the ownership of the unit, the remainder and in some cases the water, are shared either equally or proportionately by all owners.
Buying condominiums is easy, but beware, financing can be an issue.
At Coldwell Banker Residential Brokerage Scottsdale Arizona we actually have an in-house lender that will handle the financing for buying condominiums. Recently, we had a briefing on the latest condominium regulations relating to financing. Here is how it goes….
Lenders will require the borrower to pay for the necessary condo information during the processing. This can include: a completed Condo Questionnaire, a copy of the Annual Budget and a copy of the Master Homeowner’s Insurance Policy. The questionnaire itself can cost anywhere from $0-$450 depending upon the management company. Some management companies charge more than that just for copies of the Master Home Owners Insurance and the Annual Budget. This can be a VERY LARGE UP FRONT COST.
To qualify for FHA, VA or FREDDIE MAC funding certain items can REDFLAG a loan, making it unsellable to one of those entities….and the lender wants to be able to sell the loan to a federal program as they receive a fee for the loan and do not have to utilize their own funds to “book” the loan in house. To you, the consumer, lower rates will result from being able to sell the loan to a federal entity.
So what will compromise a loan from being sold? Here are the REDFLAGS.
- High Investor concentration (over 40% non-owner occupants)
- Homeowner’s Associations involved in ongoing litigation
- Commercial Space within the project (20% of the project is a maximum)
- New construction or recent conversions
- Project Names (yes, the name can trigger review)
- Excessive Questionnaire Fees
- Uncooperative management company
So how do you do your homework in advance? Or better said, your Realtor should know how to do this…..if they don’t you don’t have the right Condominium Realtor to help you in buying condominiums.
- Check the FHA Approved Project List
- Check Maricopa County Assessor for the ratio of investor units
- Ask the Seller to provide a Master Insurance Policy
- Ask the Seller for the latest Annual Budget
- Ask the Seller if they can provide a filled out and signed Questionnaire for free
- Research the County Records to determine if the Homeowners Association is involved in Litigation
Or better yet, utilize the services of a Realtor with experience buying condominiums in Cave Creek, Carefree, Scottsdale Arizona, and yes, I have that experience….give me a call!
By: Jeff McDowell