Seller Financing Available: 11122 W COLLEGE DR PHOENIX, AZ 85037
 
INFO:
ADDRESS: 11122 W College Dr Phoenix, AZ 85037
AREA: Camelback & 101 (West Phoenix)
YEAR BUILT: 2007
HOME SIZE: 2228 Square Feet (Builder)
LOT SIZE: 5175 Square Feet

DIRECTIONS: From the 101 Loop and Camelback, go west 1.5 miles to 111th Av. Turn left (south) on 111th Av, then turn right at Pierson St, then right at 111th Lane, then left on College Dr.
LINKS:
Map
Photographs
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Video                                                                          
FINANCING:
I am offering seller financing, which means that you don't have to get a loan from a bank, so the qualifying process is a lot easier. It works like this:
  1. When you buy the home you come in with your down payment.
  2. You make monthly payments to me while you work on improving your credit.
  3. At some point in the future when you're ready to qualify for a bank loan, you refinance and pay me off.
The price of the home is $279,900. That price is based on up to 24 months of seller financing, but I can offer seller financing for up to 5 years depending on your needs. The price will be adjusted depending on the length of time needed. The interest rate is 7.99%.

The down payment amount required is flexible, but it will depend somewhat on your credit and other factors (see list of questions below).

The monthly payments would depend on the down payment. Here are a couple of examples, with 10% and 15% down:

Sale Price Percent Down Amount Down Balance Due Interest Rate Monthly Principal and Interest Insurance Property Taxes HOA Total Monthly
$279,900 10% $27,990 $251,910 7.99% $1,847 $40 $50 $62 $1,937
$279,900 15% $41,985 $237,915 7.99% $1,744 $40 $50 $62 $1,834

Note: The taxes are estimated, and they will jump up a little bit once the home is assessed by the county.

I will give a discount for a cash buyer (in other words if you are getting a loan from a bank instead of doing seller financing).
NEXT STEPS:

Option 1: For a cash offer, please fax your offer to 206-984-2123.

Option 2: If you would prefer seller financing, please answer the following questions in an email and send the email to realestatebynate@gmail.com
  1. When would you like to move in?
  2. Why are you interested in seller financing?
  3. What is your credit score approximately?
  4. How much do you have to work with for a down payment?
  5. For how long of a period would you like the seller financing?
  6. What is the most you would be comfortable with in a monthly payment?
  7. When was the last time that you experienced an eviction?
  8. When was the last time that you experienced a foreclosure?
  9. When was the last time that you experienced a bankruptcy?
  10. What is your total monthly income?
  11. How much are your total monthly expenses?
I will get back to you as quickly as possible.

 

 
Owner/Agent • Geneva Real Estate & Investments, LLC | List of All Homes Available | Seller Finance Application | Next Steps