Desert Premier Realty Group

4904 E Waltann Lane Scottsdale Arizona 85254

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4904 E Waltann Lane Scottsdale Arizona

 4904 E Waltann Lane Scottsdale Arizona 85254

 

Get More Info On This Home!

MLS # 5219554

Complete Remodel!

4 Bedroom

2 Bath

2,049 Square Feet

17,186 Square Foot Lot!

Roadrunner Estates

Scottsdale Arizona

Tatum and Greenway

 

4904 E Waltann Lane Scottsdale Arizona 85254

 

Another fantastic interior and exterior remodel. New exterior finish and paint. Complete interior remodel. Beautiful 12” wide plank tiling, new interior trim and paint. New doors, hardware and fixtures throughout the home! Brand new custom made kitchen cabinetry, granite counter tops and new appliances. You have to see this kitchen in person! This 4 bedroom home boasts brand new bathrooms, with a master shower that has stone flooring. Walk in master closet. Brand new dual pane windows, to help with energy efficiency. Top it all off with a gigantic cul-de-sac (not a through street) lot, at just above 17,000 square feet! Plenty of room in back to park your RV or toys and put in the pool of your dreams.

 

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Find The Home That Is Right For You – 1 Quick Tip

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find the right home 4
How do you find the home that is right for you?

Just beginning your home search?

Or… Have you been researching the real estate market or looking at homes online for a while now?

 

There are many different things to consider about your future home as you start on the path to ownership.  Things like:

  • The number of bedrooms
  • The number of bathrooms
  • The size of your home
  • The best location

And the list goes on…

While all of these items of consideration are extremely important to your buying decisions, there is one other item that is of utmost importance.  This item will be a large factor that will help to shape the entire course of your journey.

The purchase price of your home.

What can you afford?

Depending on where you are in the buying process right now, the actual purchase price of your future home may or may not be your biggest consideration.

We think it should be.  Just for right now.

In our many years of experience, we have come to learn that many buyers spend countless hours searching for and researching homes online, before they even know their price range.

The pendulum swings both ways when it comes to searching for and qualifying for a home.  Many times buyers qualify for much more than what they think they can.  Other times buyers are setting their sites on homes that are just out of their reach.

We want you to be the smarter home buyer.

We want you to work more efficiently with your time throughout your home buying journey, because buying a home shouldn’t take any more of your precious time than necessary.

Figuring out your purchasing price range early on in the home buying process will help keep you focused in on your target and keep you from looking at homes that don’t fit within your needs.

Are you less than a year away from purchasing a home?

It really depends on what stage you are in the home buying process as to how you should go about figuring out your price range.

If you are less than a year away from purchasing a home, then now is the time to consult a mortgage lender.

It’s critical to speak with a mortgage professional.  They have the expertise to help you understand where you stand in regards to your credit and finances.  They can give you the road map you need to have your financial affairs in order, so that when it’s time to make an offer on your dream home, you are ready!

Are you more than a year away from purchasing a home?  Just work the numbers.

If you are over a year from purchasing a home, you’re probably fine with using a good mortgage calculator to see where you fit in.

If you are currently renting, are comfortable with the monthly rent payment and it is within your means, then you can just work the numbers backward to see what your potential purchase price would be.  Once you’ve done that, you can feel pretty good that the homes you are researching and looking for are right for you!

Check out this quick video on how to use a mortgage calculator to figure out your home buying price range.

 

 

5 Critical Real Estate Market Stats That You Will Know

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Know Your Real Estate Market

In the previous post, 1 Click To Instant Access, you gained direct access to the coveted “real time” sales data for the real estate market.  This live information gives you the advantage over your average buyer, who regularly relies on old information from bigger “3rd party” websites.

You now search for homes more effectively.

Having the latest sales data is just the beginning and a key building block to your home purchase success.

It is critical that you put this information into perspective.

Where should you begin?

A great by-product of having this home buying and selling information at your fingertips is the fact that you can actually track it’s history.  By looking at the past real estate market, you will gain greater insight on how things are today.

If you have been researching the real estate market for a while now, you might have picked up a feel for the current climate.

If you’re just now jumping into the real estate market, sometimes taking in so much information at once can feel like drinking from a fire hose. It can be very difficult to keep anything, much less the sales numbers and averages straight.

With that in mind, we have compiled all of the numbers for you and put them into easy to understand charts.

Now It’s Easy For You.

Getting to know the real estate market here in the Phoenix Metro area is very simple, now that you have us on your side.

Every month, we post the historical sales data from the Arizona Regional Multiple Listing Service right here on our site.  This market report will help you understand the current real estate market climate.

You always have access to the following statistics and more:

  1. Number of monthly home sales, compared month to month and year to year.
  2. Monthly resale home inventory levels.
  3. How many months supply of resale home inventory.
  4. Average and median resale home listing prices.
  5. Average and median monthly sales prices.

Click here to see our latest installment of our monthly real estate market updates.

With our Multiple Listing Service home search tool and our monthly market statistics, you will quickly understand the reality of your real estate market.

In very little time,  you’ll probably know more about the real estate market in Phoenix than many agents do!

To your success.

 

 

How To Find Distressed Property For Sale In Phoenix

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We provide you, the home buyer, the tools you need to find a  distressed property for sale in the Phoenix metro area.

Many home buyers may not know that they can look specifically for a distressed property for sale.

Many home buyers may not even know what a distressed property is.

What is a distressed property?

A distressed property is typically a home that is sold under some sort of duress.

That means that the seller may not necessarily want to sell the home.  The home owner, to some degree, is being forced to sell their home.

In many cases, such as with bank owned homes,  the seller may not even want to own the home in the first place.  The bank may have had to take the home back through a foreclosure process and now they must dispose of it.

Why worry about a distressed property for sale?

If you are in the market to purchase a home, then finding out whether or not a home is a distressed property could be very important to you.

For example, if the home in question is a short sale, it’s beneficial to know that because if you decide to purchase the home, you need to know that it may take several months (or more) to negotiate that short sale with the seller’s lender.

That’s not to mention that it might be possible to pick up the home at a discount, because of such a long wait time.

Now you can recognize when a home is a distressed property.

In your search for a home, you may run across a distressed property for sale and not even know it.  So, to help you recognize what properties are distressed, here is a list of names that are very often used:

  • Short sale
  • Pre-foreclosure
  • Bank owned
  • Foreclosure
  • REO
  • Real estate owned
  • Lender owned
  • HUD Owned
  • Fannie Mae owned
  • Homepath owned
  • Freddie Mac owned

Finding a distressed property for sale.

Here is how we recommend finding a distressed property for sale:

  1. Find the zip codes that have distressed properties,  with our Distressed Property Reports.
  2. Use our Multiple Listing Service search tool to quickly find which distressed properties you are interested in.

Below is a step by step how to so you can quickly find a distressed property for sale.

Fannie Mae First Look For Home Buyers

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Fannie Mae First Look

If you are a home buyer and you’ve been doing any amount of home research on the web, you have probably run in to the term – Fannie Mae First Look.

A Common Challenge For Home Buyers In The Valley

Real estate investors, especially here in Phoenix, tend to have very deep pockets and pay with cash.  What that means to you, the home buyer is that a real estate investor can typically afford to offer more than a home for sale might be listed for.

Time and time again, especially with bank owned properties, big investors beat out owner occupant home buyers in the bidding process, because owner occupants tend to buy homes with financing and can’t overbid on and complete the purchase of a property without coming in with cash to make up the difference if the appraisal comes in low .

That is just one challenge in competing with a real estate investor.

Enter Fannie Mae’s First Look Home Buying Period

The First Look buying period is truly a blessing for owner-occupant home buyers. In a nutshell, the Fannie Mae First Look home buying program allows owner occupants to make offers on their Homepath home of choice, without the worry of competition from investors.

How The First Look Program Works

Take a look at the example below of a property that is available (as of today) on Homepath.com.

Fannie Mae First Look

The top red arrow is pointing toward the list price of the home – $284,900.  The red arrow on the bottom is pointing to how many days are left (the countdown clock) in the Fannie Mae FirstLook period for that specific home.  As you can see there are 17 days left for the owner occupant home buying period.

Potential home buyers have 20 days to make an offer during the Fannie Mae First Look program. This time period has been recently extended from 15 days.

It’s That Simple.

Just contact your real estate agent and make an offer!

Restrictions Apply, Of Course.

There are certain requirements that buyers must meet in order to qualify to purchase a Fannie Mae home during the First Look period.  The first, of course, is the home buyer must be an owner occupant and will make the home their primary residence.

The potential home buyer will also need to occupy the home within 60 days of purchasing the property.  The buyer will need to agree to live in the home for at least one year and will be required to sign an addendum to the real estate purchase contract stating they will abide by that.  The addendum will also outline the consequences of not following these guidelines.

The Fannie Mae First Look program is a great tool for the typical home buyer to have at their disposal.  Be sure to keep an eye out for Fannie Mae’s Homepath properties and alert your real estate agent that you would like to include them in your home search.

Foreclosures Are On The Decline In Arizona

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According to a recent article in CNN Money, foreclosures are down 70% in Arizona.  This is not a surprise, if you’ve been paying (even slight) attention to our market here in Phoenix.  As a buyer, your choice of bank owned properties continues to dwindle here in Arizona, while there are still more short sales and growing numbers of traditional sales.

Foreclosure filings are continuing to drop across the United States.  Year over year, foreclosures (actual bank repossessions) were down 26%  last month and are currently at 50% of the peak in 2010.  Foreclosure filings have dropped for the third straight month in a row.  Foreclosure activity for April was down 5% as compared to March.  Foreclosure activity includes notices of default, repossessions and scheduled auctions.

 

 

 

The Latest Listings

3,945 Listings
7607 N 42ND Lane, Phoenix, AZ 85051

$465,000 4 beds  2 baths  2,081 sqft 7607 N 42ND Lane
Phoenix, AZ 85051Listing office: Keller Williams Realty Sonoran Living

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Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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