One of the most, asked questions, in Scottsdale real estate. "With my budget, what kind of Scottsdale home can I afford?" Determining how much “home you can afford” depends on several important factors including: Your annual gross income. You can get a very rough estimate of your affordable home price range by … [Read more...] about What Scottsdale Homes Can I Afford??
Financing Your Home
Winter season is upon us and that means the Scottsdale real estate market is heating up. And now it's become a little easier for home buyers to get approved for an FHA backed home loan. Major lenders are approving FHA mortgage applications for borrowers with credit scores of 580 or better, a 60-point difference from when FHA … [Read more...] about Scottsdale Real Estate Market – FHA Drops FICO Requirements
The BIG day has arrived, Closing day! You sit down with your escrow agent, pen in hand. The anticipation is building. All you want to do is sign your name on the dotted line. The escrow agent reaches for your file. With a loud and seeminly overly dramatic thud, drops a large mountain of papers in front of you. You think to … [Read more...] about Scottsdale Real Estate Resources – Title
You see a great home on the MLS. Schedule a showing. Anticipate visiting the home. Driving to the home, you notice it's in the perfect location. The neighborhood is exactly what you've dreamed of. Then, as you're making your way through the home. You find it... The big "BUT" of the home appears. As, everyone rushes to … [Read more...] about Buy Scottsdale Homes with FHA 203k Renovation Loan Program
Information Source(wikipedia.org) So let's start here. What is a 1031 exchange? Under Section 1031 of the United States Internal Revenue Code (26 U.S.C. § 1031), the exchange of certain types of property may defer the recognition of capital gains or losses due upon sale, and hence defer any capital gains taxes otherwise … [Read more...] about Real Estate in Scottsdale – 1031 Exchange – Can it work for you?
Did you know? Scottsdale Homebuyers could be eligible for a down payment assistance grant. And, If you qualify, you don't have to pay back the grant money? This is how... Qualify for mortgage.* Buyers must have a minimum FICO credit score of 640 for FHA, VA or USDA-RD and a 680 for Conventional loans. Have a maximum … [Read more...] about Scottsdale Homebuyers Down Payment Assistance