All Forum Posts by: Matt Shields

There are many comps in the area. Not knowing the specific property, this is a general analysis of the area.

Alhambra ARMLS 2018 rentals

2/1.5 rented this year .88 average per square foot.

2/2 rented this year .97 average per square foot.

= 85012,= 85013,= 85015,= 85017,= 85019,= 85021,= 85051,=85012,=85013,=85015,=85051,=85017,=85019,=85021

Dwelling Type of Apartment Style/Flat, Gemini/Twin Home

There are very few SFR's at $100,000 in the Phoenix Metro area and the few available are disasters. There are condo/townhomes in this price range.

Everyone is different and has different risk tolerance so only you can decide which method is best. Beyond about 90 days it is impossible to predict the real estate market. If anyone claims they can look into their crystal ball and predict future values, ask them why you are having this conversation because they should be on their yacht in the French Riviera. 

One thing that concerns me about the BP Forums/Podcast is there is too much emphasis on the success stories, not the failures, and most of the successes were post 2007 when everything has been on the upswing. I see a lot of younger people on here who are doing great now but are relying on riding the boom and will be wiped out in the next downturn. 

Hello Jose,

I'm an associate broker in Scottsdale. If you need any help or would like ARMLS access, just PM me.

 You can research it yourself, there are companies that will do title searches for a subscription fee, or if you have a good relationship with a title company they may do prelim's for you but if you are sending them dozens of properties a week you better be giving them a lot of business. BUT, a title search is NOT title insurance and if something is missed it's your problem. That's part of the fun! :)

500 FICO's? Are no-money-down stated-income back yet? 

I agree with Russell that the offer price can be significantly different than the net proceeds. There are many, many things that can affect the final price. Selling my own properties I often pick an offer that is less than another because I will end up netting more, or I may adjust the price in a counter offer because of terms in the contract. For example, a faster COE saves me carry costs. Some loans require the seller to pay for appraisals and other costs. The loan may not be solid. Many buyers ask for seller paid concessions or closing costs. Often a contingency must be cleared. The possibilities are endless. So an $85,000 offer is probably not an $85,000 offer. To be accurate.

 I just think the wrong person is upset. The listing agent soldout her client for a measly 500 bucks. That kind of information is gold, the buyer got it cheap and should be thanking the selling agent. No competent/trustworthy agent EVER gives out confidential information about their clients.

Send a letter to the mailing address on the property taxes.  

Look up the deed for the name of the deceased owner and any co-owners.

Check the probate records for heirs then contact them.

The property could be sitting unattended because it's stuck in probate. 

As always, seek professional advice. Good luck.

I'm probably going to ruffle some feathers, but... Your agent asked the listing agent to violate her fiduciary duty to her client by disclosing confidential information and then you are surprised that she was not honest with you. Although, I feel $500 on an $85,000 transaction is a pretty easy error to make, and at 3% she will only make $2500 before any fees...wait! wait! For the record $2520 to be accurate. If an agent betrayed her client with insider information for only $500, I would consider that a good deal. If anyone is to be upset it should be the seller.

As always, seek professional advice.