Whether you are a home owner facing a short sale in Lake Havasu to prevent foreclosure, or just looking to help a homeowner by purchasing their home, we may be able to help you through a Short Sale. Even with FHA driving a significant portion of the mortgage finance market today, Lenders are changing requirements, procedures and qualifications almost daily. We know how to structure offers and address the latest guidelines, making offers more effective. If you are a Seller: Lake Havasu, has “Lender Owned” (REO) properties which are marketed as they come available. Knowing how to structure listings requires […]
Mohave County is a region of northwestern Arizona known for its gold mines, rocky mountains, lakes and waterways. During the 1860s, hundreds of miners came to this area to find their fortunes and many cities were formed. The county consists of two sections, divided by the Grand Canyon. The northern section is smaller and less populated. The larger southern section borders Nevada and California across the Colorado River. History Western Arizona, and especially Mohave County, is sometimes referred to as the “West Coast” despite the fact that there isn’t even a coast, and it doesn’t border an ocean. It earned […]
Whether to buy an existing home or have one built is yet another decision to make during the home-buying process. If you decide to go with new construction, a real estate agent can be a powerful advocate in your corner as you negotiate upgrades, a move-in date and other terms with the home builder.Below are some basic pointers to prepare you for the journey ahead. Selecting a builderShopping for a large production or custom home builder can be a daunting task. Start by defining what architectural styles appeal to you and then seek out the builders in your area who […]
Let’s face it: When your house goes on the market, you’re not only opening the door to prospective buyers, but also sometimes to unknown vendors and naïve or unqualified buyers. As with any business transaction, there is an expected protocol to how sellers, buyers and their respective agents interact. Should you find yourself in a sticky situation, alert your agent so he or she can address and remedy the problem. The aggressive agentWhen your agent puts your house on the market, typically all promotional materials state clearly that your agent is the primary contact for buyers and buyers’ agents. However, […]
As the seller, you can control three factors that will affect the sale of your home: * The home’s condition* Asking price* Marketing strategy Understanding the home buyer is critical, and it’s important to note that there are numerous factors that influence a buyer, and you need to understand these consumer trends when you enter the sellers’ market. The more your home matches these qualifications, the more competitive it will be in the marketplace. Your real estate agent can advise you on how to best position and market your home to overcome any perceived downsides. LocationUnfortunately, the most influential factor […]
Investments for Lake Havasu, Parker, Kingman, Topock / Golden Shores, Fort Mojave, Bullhead City and Other Areas of northwestern Mojave County Investing in Beautiful Backyards in Lake Havasu City! There are typically four reasons to buy Lake Havasu area real estate: If you are purchasing for a primary residence, or second home your perspective is most likely that of purchasing an expensive consumer item which will may also yield capital appreciation over time, or provide a residence for retirement at a later point in life. Your in luck as Lake Havasu has historically and consistently provided both. Of all the […]
Increase your credibility when you start shopping for a home or real estate by getting pre-qualified or get pre-approved to have your budget and financing in place, prior to making an offer. Fortunately, knowing how much you can spend is easy: Get pre-approved for a mortgage before you start any serious home-shopping. Here are five reasons why pre-approval is so important: 1. The pre-approval process initiates a relationship between you and a lender. The mortgage loan approval and documentation takes time. The sooner you start this process the better. If you find a great deal on a property, and have to […]
Creating property appraisals is “The act or process of developing an opinion of value” and is a procedure for determining an asset’s value using multi-faceted appraisal, rather than relying only on historical market transaction pricing. A trained professional Appraisor will use industry standard methods to determine your property’s fair market value. Below are the primary standardized methods: A dollar value is reached and assigned based on factors such as the asset’s cost, the income it generates, and its fair market value comparison to similar assets. Appraisals are essentially educated guesses as to the price assets would fetch in a free market. Different appraisers […]
What to Look For in Vacation Rentals in Lake Havasu City If you’re an avid boater, fisherman or hiker, and love outdoor activities, then Lake Havasu City is an ideal destination. Situated on an artificial lake created by the damming of the Colorado River, this vibrant Arizona city boasts sunny weather and year-round water sports activities. When is the best time to visit Lake Havasu City? Arizona’s desert climate is known for its sunny skies, with average highs in the 90s during summer and lows of 50-60 in winter. There are some extreme temperatures which can reach above 110 during […]
Qualifications are important. However, finding a solid, professional agent means getting beyond the resume, and into what makes a real estate agent effective. Consider using the following questions as your starting point in hiring your licensed, professional real estate agent, incuding me!
Housing affordability in Lake Havasu City Arizona – a tutorial Your lender decides what you can borrow, but you decide how much house you can afford. Lenders in the Lake Havasu housing market are careful, but they make qualification decisions based on averages and formulas. They won’t understand the nuances of your lifestyle and spending patterns quite as well as you do. So, leave a little room for the unexpected – for all the new opportunities that your lake home will give you to spend money on, from furnishings, to landscaping, to repairs. Historically, banks use a ratio called 28/36 […]
Taking your first step into the world of real estate investment can feel both thrilling and daunting. As with anything new, there’s a learning curve, but with a little time and research, you’ll find the results can be very rewarding. Before you buy your first property, here are five things you’ll need to do. Prepare for the down payment and interest rates Financing the purchase of an investment property is not the same as purchasing an owner-occupied home. Mortgage insurance isn’t available for properties you intend to rent, and you should expect a down payment of at least 20 percent. […]
