Zillow Advice RSS: Question-Discussion-Guide,Home Buying,Phoenix- AZ http://www.zillow.com/advice/Phoenix-AZ/home-buying/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate Buy a home (investment property) w/ my mother's money? http://www.zillow.com/advice-thread/Buy-a-home-investment-property-w-my-mother%27s-money/557184/ Hello, <br/><br/>I'm looking to buy a home for my sister, by using my mother's funds as a down payment. I am involved in this transaction because... can you guess it?... I have the best credit of us three lol.&nbsp; I'm also happy to help them :)<br/><br/>Even so, I'm unsure of how we need to go about it.&nbsp; For instance, can my mother just write me a check for the down payment so that I can use it when purchasing the home?&nbsp; This seems too easy, as I will be financing the rest of the home with a conventional loan.&nbsp; Alternatively, should I add my name to my mother's checking account instead (where the funds are now)? <br/><br/>In the end, my sister will pay me the rent every month and I will pay off the lender and my mom with interest... Are there any statutory/legal related red flags in this transaction? <br/><br/>Any input is <strong><u>immensely</u></strong> appreciated.&nbsp; <br/><br/>Thanks, This Guy<br \><br \>5 replies Sat, 30 Aug 2014 01:28:00 GMT http://www.zillow.com/advice-thread/Buy-a-home-investment-property-w-my-mother%27s-money/557184/ 2014-08-30T01:28:00Z What's your experience with negotiating a purchase of a Fannie Mae property that appraised low? http://www.zillow.com/advice-thread/What%27s-your-experience-with-negotiating-a-purchase-of-a-Fannie-Mae-property-that-appraised-low/429318/ I would like to hear other people's experiences with how their negotiations have gone with buying a FannieMae REO property that gets appraised (by the buyer's non-FM lender) for lower than the price, especially from anyone in the North Phoenix area. &nbsp;This may help me know what possible outcomes to expect, as my initial appraisal number from my <a href="http://www.zillow.com/directory/lenders/">lender</a> is turning out to match the previously mentioned&nbsp;circumstance. &nbsp;I should note that I am not financing through HomePath, but instead through a company I trust that gives me a&nbsp;low rate&nbsp;conventional <a href="http://www.zillow.com/mortgage-rates/">loan</a> without PMI. &nbsp;My agent is already working the seller's agent on this, but I am just curious to know the experiences or possible outcomes from others.<br/><br/>What annoys me in retrospect is that every Fannie Mae REO I looked at in the prior month had all been on the upper end or higher than all comps, regardless of whether the comps are <a href="http://www.zillow.com/homes/for_sale/fore_lt/">foreclosures</a> or not. &nbsp;In pre-appraisal, pre-acceptance negotiations of my current purchase attempt, I did my best to limit the price to the&nbsp;aggressive&nbsp;side of the area's comps without going over the top of all comps. &nbsp;So this to me seems to somewhat invalidate the argument that "appraisals are catching up to actual home values" in my particular area, unless we re-frame "catching up" as "being less conservative".<br \><br \>10 replies Thu, 19 Jan 2012 19:57:00 GMT http://www.zillow.com/advice-thread/What%27s-your-experience-with-negotiating-a-purchase-of-a-Fannie-Mae-property-that-appraised-low/429318/ 2012-01-19T19:57:00Z new to Phoenix: are there neighborhoods where house values appreciate/hold value best? http://www.zillow.com/advice-thread/new-to-Phoenix-are-there-neighborhoods-where-house-values-appreciate-hold-value-best/554666/ <p>I live in Seattle, and there are certain established neighborhoods/areas where house values increase and hold value better than other neighborhoods - are there similar neighborhoods/areas on Phoenix?&nbsp;&nbsp; Also, do the new houses being build hold a significant advantage over houses 10+ years old, in terms of energy efficiency?&nbsp;&nbsp; Do houses even have heaters in Phoenix?&nbsp; Not sure if the winter gets cool enough to have central heating in Phoenix.<br/><br/>Thanks, Ed<br/><br/>Thanks, Ed</p><br \><br \>6 replies Wed, 13 Aug 2014 20:09:00 GMT http://www.zillow.com/advice-thread/new-to-Phoenix-are-there-neighborhoods-where-house-values-appreciate-hold-value-best/554666/ 2014-08-13T20:09:00Z can i get a 3bed / 2bath home with a 107k loan? am I aiming too high? http://www.zillow.com/advice-thread/can-i-get-a-3bed-2bath-home-with-a-107k-loan-am-I-aiming-too-high/550854/ 5 replies Wed, 23 Jul 2014 05:23:00 GMT http://www.zillow.com/advice-thread/can-i-get-a-3bed-2bath-home-with-a-107k-loan-am-I-aiming-too-high/550854/ 2014-07-23T05:23:00Z (Moved): Lenders under 25% down on investment properties http://www.zillow.com/advice-thread/Moved-Lenders-under-25-down-on-investment-properties/550264/ This discussion has been moved to the following location: <a href="http://www.zillow.com/advice-thread/Lenders-under-25-down-on-investment-properties/550263/">http://www.zillow.com/advice-thread/Lenders-under-25-down-on-investment-properties/550263/</a><br \><br \>0 replies Sat, 19 Jul 2014 02:19:00 GMT http://www.zillow.com/advice-thread/Moved-Lenders-under-25-down-on-investment-properties/550264/ 2014-07-19T02:19:00Z I am looking to buy a home in Phoenix area to rent out, NOT rehab and flip. http://www.zillow.com/advice-thread/I-am-looking-to-buy-a-home-in-Phoenix-area-to-rent-out-NOT-rehab-and-flip/534891/ Was wondering whare are some of the more popular neighborhoods with a high demand for rental housing?&nbsp; Looking to purchase home in the $300,000-$400,000<br/>range. Thanks<br \><br \>11 replies Wed, 02 Apr 2014 22:00:00 GMT http://www.zillow.com/advice-thread/I-am-looking-to-buy-a-home-in-Phoenix-area-to-rent-out-NOT-rehab-and-flip/534891/ 2014-04-02T22:00:00Z Wanting to buy a home but have issues.... http://www.zillow.com/advice-thread/Wanting-to-buy-a-home-but-have-issues/544300/ Can't afford more than $800 a month mortgage payment.<br/>Can barely come up with 5K for a down payment.<br/>Had a bankruptcy discharged about three years ago which included a first and second on a home. <br/>Just started a new job, but within the same profession.<br/>Any ideas?????<br/><br \><br \>12 replies Fri, 06 Jun 2014 01:14:00 GMT http://www.zillow.com/advice-thread/Wanting-to-buy-a-home-but-have-issues/544300/ 2014-06-06T01:14:00Z HOA Fees http://www.zillow.com/advice-thread/HOA-Fees/546694/ When HOA fees are listed, is that a yearly or monthly fee? Some fees listed are $67 to $450.<br \><br \>3 replies Mon, 23 Jun 2014 04:49:00 GMT http://www.zillow.com/advice-thread/HOA-Fees/546694/ 2014-06-23T04:49:00Z Is this Good? Loan Fee? http://www.zillow.com/advice-thread/Is-this-Good-Loan-Fee/349093/ So we went to a loan broker today and asked if she can help us with the pre-qual process. The loan lady took our info.&nbsp; I asked her how much she's gonna charge us.&nbsp; She said, if the interest rate is 4.875%, then she'll charge us zero point.&nbsp; If it's 4.75%, she'll charge us 1 point or half point. <br/><br/>Is this reasonable or normal? My question is if the rate is really going to be 4.875%, then how is she going to get paid?<br \><br \>6 replies Sun, 09 May 2010 06:58:00 GMT http://www.zillow.com/advice-thread/Is-this-Good-Loan-Fee/349093/ 2010-05-09T06:58:00Z filed chapter 7 in aug 2011...... http://www.zillow.com/advice-thread/filed-chapter-7-in-aug-2011/545138/ filed chapter 7 in aug 2011....am I able to purchase a home? my understanding is a 36 month wait period.<br/>also I am in a situation were I have to relocate per noise impact area and will have been awarded relocation funds to move. enough to put down on a property. fico is 620...steady empolyment for 2 years... will I qualify?<br \><br \>6 replies Thu, 12 Jun 2014 01:24:00 GMT http://www.zillow.com/advice-thread/filed-chapter-7-in-aug-2011/545138/ 2014-06-12T01:24:00Z 1933 Campo Bello Dr. Phoenix, AZ http://www.zillow.com/advice-thread/1933-Campo-Bello-Dr-Phoenix-AZ/542391/ I am looking at this property, do you know if it is for sale/ I live in California and have been approached to help purchase it<br \><br \>4 replies Sun, 25 May 2014 01:51:00 GMT http://www.zillow.com/advice-thread/1933-Campo-Bello-Dr-Phoenix-AZ/542391/ 2014-05-25T01:51:00Z How can I check to see if I even qualify for a loan http://www.zillow.com/advice-thread/How-can-I-check-to-see-if-I-even-qualify-for-a-loan/540946/ 6 replies Thu, 15 May 2014 21:54:00 GMT http://www.zillow.com/advice-thread/How-can-I-check-to-see-if-I-even-qualify-for-a-loan/540946/ 2014-05-15T21:54:00Z I would like to make an appointment to see this house http://www.zillow.com/advice-thread/I-would-like-to-make-an-appointment-to-see-this-house/541884/ <p>3109 S 81st Ln, Phoenix, AZ 85043, My name is Lourdes call me at 602-233-8044 please leave a message if no answer</p><br \><br \>4 replies Wed, 21 May 2014 18:27:00 GMT http://www.zillow.com/advice-thread/I-would-like-to-make-an-appointment-to-see-this-house/541884/ 2014-05-21T18:27:00Z how to stop saving previous searches http://www.zillow.com/advice-thread/how-to-stop-saving-previous-searches/533475/ I can't change to sale if I previously was looking for rentals<br/>EVEN IF I WAIT TILL THE NEXT DAY OR FEW DAYS I AM STUCK ON THE PREVIOUS SEARCH<br \><br \>2 replies Sun, 23 Mar 2014 20:01:00 GMT http://www.zillow.com/advice-thread/how-to-stop-saving-previous-searches/533475/ 2014-03-23T20:01:00Z Is it true that Fannie Mae has a new policy of keeping earnest money? http://www.zillow.com/advice-thread/Is-it-true-that-Fannie-Mae-has-a-new-policy-of-keeping-earnest-money/531364/ I heard that fanny mae will keep your earnest money if you are granted an extension and still can't qualify for your loan. Is this true and if so why would I risk it?<br \><br \>2 replies Fri, 07 Mar 2014 19:42:00 GMT http://www.zillow.com/advice-thread/Is-it-true-that-Fannie-Mae-has-a-new-policy-of-keeping-earnest-money/531364/ 2014-03-07T19:42:00Z How much money should I have as a down payment before I look at homes? http://www.zillow.com/advice-thread/How-much-money-should-I-have-as-a-down-payment-before-I-look-at-homes/528170/ 21 both my husband and I.<br \><br \>7 replies Wed, 12 Feb 2014 03:44:00 GMT http://www.zillow.com/advice-thread/How-much-money-should-I-have-as-a-down-payment-before-I-look-at-homes/528170/ 2014-02-12T03:44:00Z I'm interested in a home or condo w/view. http://www.zillow.com/advice-thread/I%27m-interested-in-a-home-or-condo-w-view/527894/ Dear Zillow" I'm not a rich man, or a broker, but I have been buying real estate since I was 22 years old. I'm now 63, and my cousin, and sister, and me&nbsp;want to look after eachother. I have suggested a place in Arizona. Single family, or a condo We are flexible , but on a budget.. Can anyone find us a dreamhouse w/glass high up maybe a view of city lights. Not a big sprawling place, maybe a place that needs some work, a simple 2br+ w/ garage is all we ask. Just sending out a feeler if anyone knows of a property like this. Thank you, and happy living. Anthony.P.S. it could be paradise valley,or anywhere where the location is good.<br \><br \>4 replies Mon, 10 Feb 2014 06:17:00 GMT http://www.zillow.com/advice-thread/I%27m-interested-in-a-home-or-condo-w-view/527894/ 2014-02-10T06:17:00Z how do I find homes that have price reductions http://www.zillow.com/advice-thread/how-do-I-find-homes-that-have-price-reductions/525148/ WHen a house has gone thru price reduction how can I find that criteria setting?<br \><br \>5 replies Mon, 20 Jan 2014 17:58:00 GMT http://www.zillow.com/advice-thread/how-do-I-find-homes-that-have-price-reductions/525148/ 2014-01-20T17:58:00Z looking to buy/rent to own a home http://www.zillow.com/advice-thread/looking-to-buy-rent-to-own-a-home/518330/ credit isn't so good. but i have a good job and make good money. i want to buy a home or rent to own. 1st time buyer, don't know where to start. any help would be appreciated!<br \><br \>5 replies Fri, 08 Nov 2013 03:07:00 GMT http://www.zillow.com/advice-thread/looking-to-buy-rent-to-own-a-home/518330/ 2013-11-08T03:07:00Z Just filed bankruptcy???? http://www.zillow.com/advice-thread/Just-filed-bankruptcy/526349/ I just filed bankruptcy and will be relocating to Arizona after I graduate. I would really like to buy a house when I move there but would like to know if I should rent before I buy or buy straight out the gate????&nbsp;<br \><br \>4 replies Wed, 29 Jan 2014 16:14:00 GMT http://www.zillow.com/advice-thread/Just-filed-bankruptcy/526349/ 2014-01-29T16:14:00Z