For Rent: 2BR/1BA Single Family House in Phoenix, AZ, $1,200/month

For Rent: 2BR/1BA Single Family House in Phoenix, AZ, $1,200/month

What is a FINAL WALK Through?

The final walk through is what you do right before you close on your home. It is the last chance you have to see the home you bough before you close.
it is also the time to check and make sure that everything in you Buyers Inspection has been completed.
After your offer has been accepted on a home, you do your 10day inspection. If you are lucky enough in today's market and you home is not a Foreclosure or a Short Sale, and you bought a Resale Home you can ask for repairs in you home inspection. In Arizona we use a Buyers Inspection Notice Sellers Respond Addendum. This is where you would request your repairs. Those repairs should be completed before you close on the HOME! This is where your final walk through comes into play.
A lot can happen in a month while you are waiting for the home to close.

I myself sold a home about 4 yrs ago. I painted, carpeted and got the home ready to sell, the day before closing the property, the buyer went back to the home to do the final walk through with there Realtor and the home was broken into...I could of died...Someone took a hammer to the walls and slopped paint all over the interior of the home. I did have insurance on the home to cover the repairs.. This is why it is good to do a Final Walk Through with your agent the day before close or even the morning before you go sign your docs.

The walk Through is very important, it protects the Buyer and you get to look once more at what you are buying before CLOSE. Ask your Realtor about your Final Walk Through

HILARIOUS! How to Buy a Bank Owned Home in Real Estate

Pending home sales reach 3-year high Tax credit for first-time homebuyers fuels increase in September

The National Association of Realtors said Monday its seasonally adjusted index of sales agreements rose 6.1 percent from August to 110.1. It was the highest reading since December 2006 and more than 21 percent above a year ago.

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Inside The Law: Do You Qualify For HAMP?

Great Video

The housing market is terrible, but this video might just make you laugh…

The housing market is terrible, but this video might just make you laugh… or make you angry. Timothy Geithner is having a little trouble selling his $1.6 Million dollar house in New York.

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Exceptional real estate investment in Phoenix, HOW bout that FHA buyer

Phoenix, Arizona is one of the lowest priced housing markets in the West, with exceptional real estate investment opportunities.

But..... How bout that FHA BUYER!!! or shall we call them discouraged qualified buyers.

Not only are we seeing 7-10 offers on every decent low priced REO property, but of those offers about 50% of them are all cash. This has become a problem for the First time FHA buyer, who are constantly losing out to these cash bids.

Trying to sell lender owned homes to FHA buyers can be very frustrating, very time consuming and an extremely long process. Most of the REO listing in the MLS will say they accept FHA financing but when they have other offers for either Cash or Conventional terms it seem like the FHA offer is on the bottom of the pile.

Hopefully as banks release more of their foreclosed properties and the competition lessens as we approach the holidays, sellers will again start looking at FHA buyers. It's a shame that so many will miss out on the $8000 tax credit, lets hope for an extension there.