Mesa, AZ, November 03, 2013 --(PR.com
)-- The property was listed at $149,900 and sold to Swee's client for $142,000 with Seller paid 3% of Buyer's Closing cost. The property was listed on September 10, 2013 and closed on October 25, 2013.
The Buyer was participated in Home in 5 Down Payment Assistance Program, where Buyers obtained a 30-year fixed rate loan, with a non-repayable 5% down payment/closing cost assistance grant.
"The Phoenix area real estate has shifted and price has been increased since second quater of 2012," says Swee Ng. The property was investor rehab and according to FHA guideline, if the sales price exceeds the previous purchase price by more than 20% within 90 days, it requires second appraisal. The property was appraised on both appraisals. Another tip for buying investor rehab, lender underwriter will requires furnish details of the rehab, including renovation details. "It is more that someone is considering buying a home for sale in Phoenix East Valley to work with skilled and knowledgeable real estate professional who know how to advise their client and close the transaction.
About Swee Ng
Swee Ng, Realtor/Owner of Swee Phoenix Homes with Keller Williams Realty Sonoran Living Ahwatukee specialty in Residential Resale, First Time Home Buyer and Investment Homes.
Ahwatukee, Chandler, Gilbert, Mesa, Tempe and surrounding areas.
Buyer, Sellers and those who need real estate service can contact:
Swee Ng | Keller Williams Realty Sonoran Living Ahwatukee
4621 E. Chandler Blvd #160, Phoenix AZ 85048