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There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Buying an old house to fix up has an attraction for many people. If you can find a house with charm and character, a renovation may enable you to create just the living environment that you want. You should start with a good real estate agent to help you locate the right house and recommend lenders who make both acquisition and construction loans.
Financing a renovation is perhaps the most difficult part of the whole project, especially if the house needs extensive work. Few banks will make these loans to people who are not professional developers. You should prepare for your loan application by having a written proposal. It helps to have an engineer's report or architectural plans and to include estimates from contractors covering the costs and timetables for the work to be done. Your real estate agent can help you put together a market analysis of the neighborhood to show that you will not be over-improving the property compared with other homes in the area.
Team Red Hot Long Realty 7000 East Shea Boulevard Suite 1970 Scottsdale, AZ. 85254 602-418-1153 877-273-3468 888-873-3770 Fax: 480-452-1804 Email: lfox@teamredhot.com
Lloyd Fox uses the same professionalism, ethics and attention to detail that he used to be a successful Vice President of a medical equipment company. Lloyd looks at past success as merely, that, the past. "We are only as good as our current customer. " If Lloyd Fox and Team Red Hot are successful with YOU, then that's the only thing that matters. As an Arizona resident of over 20 years, Lloyd knows the area and concentrates completely on YOUR individual needs!
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Phoenix, Scottsdale, North Scottsdale and Peoria, Arizona
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