Two Amazing Lots In Fountain Hills Available – Owner Will Carry!
November 10th, 2008 categories: Featured Properties, Seller Financing
I have two prime pieces of land in Fountain Hills, Arizona that are truly a great opportunities. Not only is the land priced well due to market conditions, but the owners are offering terms on it that make it an extraordinary deal.
We all know that land can be much more difficult to obtain financing on, especially with current lending guidelines. With just 10% down, you do not need a bank to capture a great piece of land in Fountain Hills. Here is a sample of the terms for one of the parcels which is offered at $249,000.
10% Down – $24,900
Payment – $1,650.31 @ 8% Interest Rate (P & I)
2 year balloon note
The other parcel is offered at $259,000 and adjoins the other parcel and is also offering terms. Of course both can be purchased with cash or traditional financing if you prefer. The parcel offered at $259,000 is just over 1 acre on a hillside with amazing views. The other parcel is .87 acres and offers similar views. Both of these parcels are located in the Fountain Hills subdivision of Eagle Ridge. 
Whether you are interested in holding to build your dream home or you just want to own for an investment, land has always been a good investment. Even in times like these, land tends to hold its value more than some homes as there is not as much quality inventory. Comparable lots to these in Eagle Ridge were selling for over $400,000 in ‘05 and ‘06. Similar parcels in Sunridge Canyon were selling for over $350,000.
If you aren’t not familiar with Fountain Hills, I encourage you to research. It is just East of Scottsdale and is know for its small town charm and spectacular views. It is also home to the world’s tallest fountain.
If you have questions about these lots or would like more information, please do not hesitate to call me at 480-201-4185 or drop me an email.
~ Kim
Ready To Sell You Your Slice Of The Arizona Sunshine!
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Owner Financing Provides A Way To Get Your Home Sold!
September 21st, 2008 categories: Featured Properties, Seller Financing
With housing inventories at an all time high and banks tightening the guidelines for obtaining a mortgage, agents must think “out of the box” to help their clients sell their homes. Owner financing, a.k.a. seller financing is one such technique as it will open the pool of buyers who could purchase your home.
With institutional financing being a challenge to obtain, buyers are searching for creative ways to get into homes. Many of these buyers have a down payment and have good income, but they have a credit flaw from the past or perhaps they are self-employed and have a problem proving their income. As a seller, if you can provide the vehicle for them to purchase, your home will stand out from the others.
I am not suggesting that a seller would allow any buyer to buy their home on terms. A credit report is highly recommended and an application stating income, employment, etc. would also be advised. This process would be similar to how a bank reviews a mortgage application. The difference is that Read the rest of this entry »
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What Is In Your Realtor’s Toolbox And Why You Should Care?
July 22nd, 2008 categories: Real Estate News, Seller Financing
Is your Realtor well equipped to tackle today’s real estate market? Real Estate 2.0 can be defined as the business revolution in the real estate industry caused by the move of the Internet as platform and understanding the rules of success on that platform.
To be on the forefront of this, a Realtor should be participating in Social Networking & Blogs. Realtors should be utilizing Real Estate 2.0 to procure buyers and sellers and expose properties. I spend 1-2 hours a day working on my blog and researching the technology that will allow me to offer the best solutions for my buyers and sellers.
Today a Realtor must have a strong knowledge base on Foreclosure Law, Short Sales, Finance & Market Data. Sellers are presenting challenging scenarios to Realtors and the good ones know how to present solutions. Another tool today that a good Realtor will have is the ability to structure Seller Financing. Read the rest of this entry »
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