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You are here: Home / Archives for foreclosure homes

$284K – Spur Ct in Sedona – Foreclosure Home

February 4, 2013 By Troy Leave a Comment

Well kept home in VOC.  2 bedrooms and 1.75 baths.

Call either of us to see this property

If listing data is absent below then the home has been sold


[idx-listing mlsnumber=”134895″ showall=”true”]


OTHER HOMES IN THE 200-300k RANGE IN SEDONA

[idx-listings linkid=”214842″ count=”15″ showlargerphotos=”true”]

 

Filed Under: Sedona Foreclosure Homes Tagged With: foreclosure homes

Flipping: How to Buy a Foreclosure in Sedona

November 18, 2012 By Troy Leave a Comment

Flipping a foreclosure home in Sedona can be very lucrative if done right or  a disaster if done badly.  Once you have determined that foreclosure homes are best for you, see below for some basic ideas to make sure you get the best deal and don’t risk over-leveraging.

Determine a financial budget

Review your present financial liabilities and assets. Take into account all expenses:  housing, utilities, entertainment, savings, as well as other planned expenditures, as well as a reasonable cushion to ensure your security. The remainder will be your available funds to utilize in the buying of the Sedona foreclosure home. Keep in mind that even after the purchase, a foreclosure home in Sedona will cost money. You ought to expect repairs and maintenance before the property is livable, as well as a time of vacancy while you shop the home to purchasers or renters.

Arrange financing

Sedona foreclosure homes move fast- sometimes very fast. If you never want to be a multiple offer situation, you might want to think again about foreclosure homes. Since you now know what you can invest, you must have a lenders approval to spend it. Cash is king, but pre-approved financing is quite close, and merely the process of obtaining financing will give you an effective gut check of the spending budget estimations from step 1.

Bring in a professional

The purchase process for many Sedona foreclosed homes-particularly any being auctioned, allows very little time for personal inspections. Utilize a licensed home inspector with foreclosure knowledge. If you don’t know any, we are happy to make recommendations.  There’s simply no alternative to an effective inspection, but professional eyes can find the most significant, most expensive problems in advance and assist you to incorporate that into your offer. Make sure to maintain a running total of repair costs and subtract that amount from the spending budget. You don’t have to bite off too much.

Remain focused

As soon as bidding starts, it’s very easy to lose your head. The industry is full of foreclosures. Should you miss that one, you’ll acquire the next Sedona foreclosure.  Stick with a reasonable offer in a range within your budget and ultimately, you’ll choose the right property at the ideal price.

Coming soon…. what buyers want you to put into your flipped house for maximum profit.

 

Filed Under: Sedona Foreclosure Homes Tagged With: flipping homes, foreclosure homes, Sedona AZ

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Sedona AZ Homes for sale Troy Deierling ABR CRS
Realty Executives
Northern Arizona
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Contact Susan

Sedona AZ Real Estate Broker Susan Deierling, ABR, CRS
Assoc. Broker
RE/MAX Sedona
Sedona AZ
(928) 451-6098 mobile/text/VM
(888) 494-0470 (US & Canada)
susan@sedonaemail.com

Contact Me | About Us

Contact Troy

Sedona AZ Homes for sale Troy Deierling ABR CRS
RE/MAX Sedona
Sedona AZ
(928) 202-0700 mobile/text/VM
troy@sedonaemail.com

Contact Me | About Us
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The data relating to real estate for sale on this website comes in part from the Sedona Verde Valley Multiple Listing Service (MLS). Listing broker has attempted to offer accurate data but is not guaranteed accurate by the MLS. All information presented is deemed reliable but not guaranteed. IDX is provided exclusively for consumer's personal, non-commercial use; and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use outside of this purpose is prohibited.