A Fixer Upper in Phoenix AZ

Looking For The Perfect Phoenix, AZ Fixer – Upper?

When it comes to finding the perfect Phoenix, AZ fixer-upper you'll have to have your senses in sharp tune to pick up what others may miss. You'll find that there are a lot of different homes in Phoenix AZ that will fall into the fixer-upper category quite easily. Some are real gems - and some are money pits. Your real estate agent will help you sort through the listings.

The first thing that you need to do is get on the same track with your Phoenix, AZ real estate agent. Exactly what are you looking for? What do you consider to be the perfect fixer-upper?

· Is it a house that needs a complete overhaul?

· Do you want a house that is just dirty and needs a full cleanup?

· Are you interested in a home that needs some major work done but does not need to be completely redone? Example: The kitchen cabinets have been removed, or it needs a new roof.

· Would you like to see homes that need a lot of minor repairs done but nothing major? Example: Needs painting and new carpets or flooring

Let your agent know exactly what you're looking for. This will save a lot of time wasted by looking at the wrong type of fixer-uppers.

Be prepared to see some homes at their absolute worst. When you see one home and think that things couldn't get any worse, you'll see another home that is absolutely disgusting. Even Phoenix, AZ real estate agents have to get used to some of the things they run into. Not only can a home be in bad shape structurally, it can also be very dirty. Although you are looking for the perfect fixer-upper and want to find homes that are in rough shape, just be prepared for what you'll see when you do enter these homes for the first time.

Call in some professionals -- Fixer upper homes in Phoenix AZ are sold AS-IS. A home inspector can let you know just what AS-IS reallly IS! You may also have to get some help from pest control specialists, water and fire damage companies or landscapers. It is always best to get a final word about all the problems you encounter on a property before deeming it the perfect Phoenix, AZ fixer-upper and making a purchase.

You can find the perfect Phoenix, AZ fixer-upper, but you must be persistant and put in the time. While it may just fall into your lap on the first viewing, you're probably going to have to be ready to put some serious effort into it. Treat it as you would a real business, since there is a lot of potential to make some serious money with Phoenix, AZ real estate investment.

Are you ready to compete? It's a very competitive market and there are many other like-minded buyers vying for a few homes. Be prepared to offer more than the asking price because chances are there will be multiple offers. In a market like this it is easy to overbid, so you need to assess the value of the property and the cost to fix it up.

You will undoubtedly be jumping through hoops to snag your perfect fix up property. Almost every bank-owned property has a unique set of guidelines and forms. If you are financing, you may need to get a special prequalification. If you are paying cash, you will need to show "Proof of Funds". If you are buying the property as an investment, there will be waiting periods before your offer will be considered. I've handled dozens of these transactions and the best advice I can give is to keep an open mind and be patient. If I can be of assistance in your quest for the perfect rehab property in Phoenix, please let me know.