Replacement cost are based on many factors. Age of home, architecture style, upgrades inside and out, roof type, how many floors, type of counters, types of sinks, etc. Two homes right next to each other with the same square footage and built by the same builder will still have different replacement costs. We write a lot of insurance policies and we have to use special software to calculate replacement costs.
The generic number by the way is $150. That is never accurate but gives you a VERY rough idea at what you would be looking at for replacement cost. Don't forget, attached garages will increase your replacement cost because they are considered part of the home since it is attached.... more
Rebekka,
Ashton Homes was a semi custom and custom home builder, primarily in the North Phoenix and Scottsdale area. The owner went on to build a couple of hundred homes in the Flagstaff area throughout the 90's under the company name of Builder Showcase inc. He sold it in 2001 and retired for 4 years before returning to the marketplace as a Real Estate agent. He currently sells in the community of Forest Highlands. He built quality product.
Ashton Woods is a neighborhood builder. They have several subdivisions through out the Phoenix area. They too build a quality product and are competitively priced.
Please feel free to contact me with any additional thoughts. Lashtonjr@gmail.com or 623-695-4831... more
Contact me with your email address and I will send you a chart that has all the stats for the last 4 years.
Lorrie Feld
Keller Williams Integrity First
lfeld@azrealtygroup.com
480-570-1074... more
Once your initial review is done in underwriting the uw will issue a conditional approval. The 2nd review is to clear those conditions before docs are setup.
Jason Coleman
Sr Mortgage Specialist... more
Hello Wanna,
Why are you waiting? Now is the time to Buy!
Have a GREAT evening!
Vivien L Biggs PLC
602-615-9137
Prudential Arizona Properties
Check MLS for homes on my website
http://www.realestatecore.com/... more
The answer that no one else wants to tell you directly is, YES! You may rent your home out to whomever YOU please as long as they fit the process you require and your home can pass the HUD inspection. HUD does have a process and certain criteria to assist the renter towards managed independence over time. This affords the home owner leasing their property to benefit for the use of the property via the Section 8 Program while the Section 8 tenant is given the opportunity to reside in housing that is "market competitive".
Here's a little more about the inspection criteria. Was your home built recently? If so and it has no interior damage or was not maintained or repaired if purchased in an "as is" condition (like some homes purchased as short sales or auction properties), you will likely pass inspection. Are all the screens on the windows, all switch and plate covers on electrical outlets, any holes in walls not repaired, etc? Do all doors open in and out correctly? Is all plumbing in good working order and finally, is the house up to current building codes and not behind in HOA dues, etc? If your home is "rent ready" (in an otherwise clean, fire preventive and code managed order), you should not be overly concerned about passing. Whatever is not passable (say two screens were missing from the windows, there was peeling paint on the front porch and the front door lock was not secured properly), the inspector would let you know what needs to be repaired and give you an appropriate window of time to correct the items.
I find some of the answers as to how long it could take to be a bit derogatory in stance since you are not asking to be a Section 8 landlord by default of applying to become one, BUT have someone who has Section 8 tenancy approval, which the process is a bit different. Obviously the preference goes to getting people INTO homes who have received their Section 8 certificate. If they are able to find a home NOT listed on the already approved homeowners willing to rent to them under current provision, they are ENTITLED to find an owner whose home fits the criteria mentioned above.
Obviously I can't list all the criteria, but a link was offered below so that'd be a step in the right direction. Another is to contact the program itself through Housing and Urban Development which is just East of Downtown Phoenix on Washington or Jefferson (I forget which and I believe between 9th Street and 12th Street). Hope this answer helps so you don't get the impression it's a never ending cycle to deal.
Also don't forget you are permitted to visit your rental on an annual basis with proper notification. I would advise you take advantage of this to insure the property is being well cared for from a rental standpoint. Such tenants do provide a consistent income to the landlord while the program helps to assist them by providing a stable and cost manageable existence which can go for a few to several years depending on their personal situation. So it's good to have the opportunity to evaluate the overall impact of long term tenancy in maintaining your rental unit that you would ordinarily receive leasing on an annual basis at move out inspection.
Best,
~Flight of the Phoenix... more
Hello I am a retired usmc veteran, i have gone through 4 bamks since January 2012. i receive disability frpm the va and recently tried to buy a second home for 410,000. my present home is upside down with $132,000 in negative late fees from 2007. the house is $636,000 with an o interest only loan to baloon in 2015. my credit is good to excellen but i need the second home so i can live on the first floor. these banks say my credit is good, debt ratio is 27, i have reserves, my income is excellent, but the huse is value at 305,000, what can i do , i have tried, veterans united, navy federal, bank of ameria and now sun trust. i need this home. the permits came into build march 2012, i have a deposit but the builder is waiting foir me to process a loan with a committment letter.
please give some advice.... more
Dear Zbryzy,
Everyone's situation is different. There is no way that we can or should advise you on this question. I have seen some people purchase after 2 years and others much longer after a short sale. There are far too many variables that we are unaware of to guide you in any direction.
My advice to you would be to contact your local lender. Ask him or her to make time to go over your financials and ask their opinion. You may also want to talk with your accountant.
The encouraging news is that you have a 680 FICO score following a short sale. You should be able to move forward very soon. Come back and let us know how it turns out and the best of luck to you both.... more
With your situation, you will be prefect for an FHA Loan. If you are still looking to purchase a home i can get your pre approved in less the 2 days.
Please give me a call when you get a chance.
Jovan Simon
Account Manager
In House Lender
714-619-3172... more
We have a home in Northern Arizona, (Prescott Area) and it is on a great .28 acre property for sale. It is a nice mobile and we have spoken with a lender and asked of it can be financed if someone buys it. At the price we have it at for sale the buyer wouldn't have to borrow much. The lender told us they would have no problem financing it when someone puts and offer on it. There are only a few lenders that will loan on mobiles anymore but there are some locally.... more
We also have a new program we are calling the "Credit Repair Program"--designed for those who have experienced an ISOLATED ding to their credit. Can do 6 months after Chapter 13 or 7 are discharged; no seasoning for Short Sale, Foreclosure or Deed in Lieu as long as all other installment credit is paid as agreed. Will do purchase or rate and term refinances to 70% Loan-to-Value (LTV) and to 60% cash out. Condos not allowed. Etc.--please contact me directly, if interested.
Take care.
Bill Parker
Legacy Group Lending, Inc.
480-993-3080
Bill.Parker@LegacyG.com... more
Well Phil. Lorrie did a great job covering some facts regarding each of these sites before she realized I was an agent. But I was hoping to hear from buyers and sellers regarding the usability of the sites themselves as far as searching for property, asking and reading questions in the forums, and overall ease of navigaton etc.
Does that satisfy your curiosity? :)
Chris... more
Hi David:
There is all kinds of luck...:)
I have closed one; I have another signing today and two tomorrow, so they are starting to come out of the underwriting assembly line. I have probably another dozen in various stages of underwriting.
There is no question it is not being implemented in the spirit it was intended by the administration. The Big Banks are making it as difficult as they can for independent lenders to take care of people who feel trapped by the Big Banks. They are charging higher interest rates, not allowing the loan-to-values HARP 2.0 was suppose to offer, etc., etc. BUT, there are lenders out there who are implementing it was intended. You just need to find a mortgage banker or broker who works with these specific lenders.
Is there some particular problem you are encountering with which we could help you?
Bill Parker, MLO
480-993-3080
Bill.Parker@LegacyG.com... more
Do you mean how long does an appraisal on your new home take using a USDA loan?
If your lender is experienced and knows the process, usually less than 3 weeks. Some lenders are not experienced/connected and can take significantly longer.
Be sure to check out the USDA website to determine if a property qualifies before planning to use this type loan. Also, if the home has a pool, that value will be excluded from the appraisal and you will need to pay cash for any short fall between the appraisal and the purchase price.
Don't forget the income limitations that also apply to a borrower.
Call me an I can get you the name of two lenders to consider.
Loren Hoboy-Realtor
623-688-0004
.... more