Arizona Real Estate Page
- $498,000 :: 5232 W Potter Drive, Glendale AZ, 853084 beds, 4 bathsHome size: 3,551 sq ftLot Size: 10,000 sq ftAdded: 03/08/10, Last Updated: 03/09/10Property Type: Single Family – Detached, ResidentialMLS Number: 4351308Tract: ESTATES AT ARROWHEAD PHASE ONE B Here’s a fantastic opportunity to live on the water with pristine mountain views and have total home comfort only minutes from all of the conveniences […]admin
- $719,000 :: 216 E Desert Wind Drive, Phoenix AZ, 850484 beds, 4 bathsHome size: 4,057 sq ftLot Size: 35,000 sq ftAdded: 02/18/10, Last Updated: 03/10/10Property Type: Single Family – Detached, ResidentialMLS Number: 4340591Community: WHISTLING ROCKTract: WHISTLING ROCKThe price of this listing was last reduced on 3/10/2010 by 3% EXTENSIVELY UPGRADED & PRISTINE – 1/2 ACRE LOT W/MTN VIEWS & SUNSETS! CUSTO […]admin
- $383,000 :: 5220 W Bent Tree Drive, Phoenix AZ, 850835 beds, 4 bathsHome size: 4,070 sq ftLot Size: 7,500 sq ftAdded: 09/23/09, Last Updated: 03/10/10Property Type: Single Family – Detached, ResidentialMLS Number: 4260496Community: STETSON VALLEYTract: STETSON VALLEYThe price of this listing was last reduced on 3/10/2010 by 4% 4017 SQ. FT., 5 BEDROOM, 4 BATH, 3 CAR GARAGE, MOUNTAIN VIEW LOT WITH UPSTAIRS AT DE […]admin
- $369,000 :: 3204 E Constance Way, Phoenix AZ, 850425 beds, 4 bathsHome size: 3,607 sq ftLot Size: 12,500 sq ftAdded: 12/16/09, Last Updated: 03/10/10Property Type: Single Family – Detached, ResidentialMLS Number: 4306337Community: VILLAGE AT SOUTH MOUNTAINTract: VILLAGE AT SOUTH MOUNTAINThe price of this listing was last reduced on 3/10/2010 by 7% HOME UNDER CONSTRUCTION JUST WAITING FOR BUYERS TO PICK COLOR […]admin
- $359,999 :: 18403 N 13th Place, Phoenix AZ, 850223 beds, 3 bathsHome size: 2,753 sq ftLot Size: 12,500 sq ftAdded: 12/02/09, Last Updated: 03/10/10Property Type: Single Family – Detached, ResidentialMLS Number: 4299118Tract: STONE MOUNTAIN PRESERVEThe price of this listing was last reduced on 3/10/2010 by 5% **APPROVED SHORT SALE***Custom 3 Bed +Loft w/Incredible Views In Luxury Gated Preserve Community*Go […]admin
AZ Lake Properties
- $775,000 :: 40023 N 110th Place, Scottsdale AZ, 852623 beds, 3 bathsHome Size: 2,454 sq ftLot Size: 7,500 sq ftAdded: 01/17/09, Last Updated: 01/27/10Property Type: Patio Home, ResidentialMLS Number: 4105723Tract: DESERT MOUNTAINThe price of this listing was last reduced on 1/27/2010 by 11% ***NOW A SHORT SALE***Bring Offers***Unbelievable price for this COMPLETELY RENOVATED AND UPGRADED Apache Cottage – sweep […]
- $749,900 :: 17894 N 95th Street, Scottsdale AZ, 852555 beds, 4 bathsHome Size: 4,212 sq ftLot Size: 12,500 sq ftAdded: 06/15/09, Last Updated: 01/27/10Property Type: Single Family – Detached, ResidentialMLS Number: 4190963Tract: DC RanchThe price of this listing was last reduced on 11/18/2009 by 6% This luxury Tuscan style home is situated on an oversized lot in the prestigious gated community of DC Ranch. [.. […]
- $799,000 :: 28648 N 108th Way, Scottsdale AZ, 852624 beds, 4 bathsHome Size: 4,517 sq ftLot Size: 18,000 sq ftAdded: 10/10/09, Last Updated: 01/27/10Property Type: Single Family – Detached, ResidentialMLS Number: 4271238Community: Troon NorthTract: Candlewood Estates at Troon North Unit 3 The Best Bargain in Candelwood, priced to sell at $177/sq ft. On over 1/3 of an acre this 4 bedroom, 3.5 bath [...] […]
- $795,000 :: 10259 E Nolina Trail, Scottsdale AZ, 852623 beds, 3 bathsHome Size: 3,150 sq ftLot Size: 0 sq ftAdded: 04/21/09, Last Updated: 01/27/10Property Type: Single Family – Detached, ResidentialMLS Number: 4160807Community: Desert MountainTract: Desert MountainThe price of this listing was last reduced on 1/27/2010 by 6% Let’s take it to the BANK! Just reduced to 795K without the golf membership- beautiful […]
- $703,000 :: 11363 E La Junta Road, Scottsdale AZ, 852554 beds, 5 bathsHome Size: 4,372 sq ftLot Size: 15,000 sq ftAdded: 04/09/09, Last Updated: 01/27/10Property Type: Single Family – Detached, ResidentialMLS Number: 4155050Community: TroonTract: Troon VillageThe price of this listing was last reduced on 1/27/2010 by 1% APPROVED…APPROVED….SHORT SALE !!!Perfect entertainers home with views all around. Very priva […]
CAT | What is AS IS?
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What does AS IS mean? Do AS IS properties qualify for FHA or Conventional?
0 Comments | Posted by Daniel Reynolds in Arizona Real Estate News, Buyer Information, What is AS IS?
AS IS properties can be purchased FHA or Conventional; however, most AS IS homes are in need of minor to major repair. Any repair work that will deem the property non-livable will not go through FHA financing. Conventional financing is the same way, but are more lenient when it comes to smaller to minor repair work. FHA has an appraiser go out to the property and inspect it along with the FHA inspector. If anyone of the two inspectors note any missing or damaged AC units, broken windows, damaged carpet or an empty pool, they’ll deem the property as non livable conditions. “Chipping paint would not be a nonlivable flag, although bare siding wood would be.
Also, any safety or health concerns would have to be corrected prior to closing. FHA also requires everything be up to code.” – Sandra Dean-Mahoskey. This is the basic problem with AS IS properties. If you purchase a property AS IS and works needs to be done to “qualify the home” there’s no way of asking the lender to repair the items. The only option is for the buyer to come out of pocket for the work prior to the loan closing. This puts the buyer at great risk. AS IS properties are usually fine if built after 1990. Any properties prior to 1990, may be too old and may have much repair work to bring the property up to par. IS Properties include mostly bank owned homes, but can be short sales if the owner is no longer living in the home or has interest in the home.
