San Tan Valley Mini Mansion

Just southeast of Gilbert, Arizona lies a pair of cities that are seeing tremendous growth, yet still maintains a country feel. Queen Creek and San Tan Valley offer some of the most affordable housing in the valley of the sun. Single family subdivisions, Master planned communities, horse properties, and farms dot the open desert surrounded by the San Tan Mountains with beautiful vistas where you can almost always catch a glimpse of the horizon. And it's possible to own your own piece of the area … [Read more...]

What does an appraiser do in a home purchase?

We've been talking about the "team" you will have at your side when you purchase a home. Your Realtor is your coach and gets you on the field by helping you find the right home and negotiating an accepted purchase contract; then monitors performance to make sure everyone is playing their position to their full potential (and obligation). Your teammates will be the title/escrow officer, your lender (if you're financing), your home inspectors(s), and the appraiser. Many people get the home … [Read more...]

What Exactly Does A Home Inspector Do?

Your Realtor® will negotiate an inspection period during which time you will have the right to inspect nearly every aspect of the home, the neighborhood, the school district, etc. Whatever is a material matter to you short of tearing out walls or flooring is your right and obligation to evaluate. If you discover something during the inspection period that is unacceptable to you that the seller either cannot or will not remedy, you may cancel the purchase contract and have your earnest money … [Read more...]

How Increased Mortgage Interest Rates Affect You

There is SO MUCH in the news about rising mortgage interest rates lately. It seems like just a moment ago we were seeing mortgage rates hovering around 3.75%. Those days are very likely behind us as we approach 5% and beyond on a more regular basis. While this might seem catastrophic to some, the reality is that rates below 5% are NOT the norm. The average interest rate over the last 50 years is somewhere between 8% and 9%. Regardless of that fact, increased mortgage interest rates will affect … [Read more...]

Millennials Building Wealth

Last fall, 15 future financially secure millennials (and a few parents) came together to learn about the various ways of starting a wealth building plan. Each of the participants moved through a fun exercise designed to identify values and priorities. The purpose was to help each individual find their "why". Saving money and building wealth means making tough choices. And if you don't have an awfully good reason for doing it, it's tough to stay motivated. So what did participants learn in … [Read more...]

Before Buying In An HOA Community Ask These Questions

So you've bought a home in an HOA community. Be prepared for LOTS to read and know what to look for to avoid future problems. The most common question I hear about Home Owners Associations is "what are the fees?". You should be asking other essential questions before buying in an HOA community. What do the HOA fees cover? There is considerable variation in monthly association fees. It's important to know what services are provided. Services can range from simple common area maintenance to … [Read more...]

Trust Your Realtor® To Refer A Mortgage Lender

Wouldn't it be great if we had a money tree we could go to when wanting to purchase a home? The 18 inch high stack of paperwork to sign before closing would be reduced to a few pages. It might take a week  for the sale to finalize instead of the 30-45 day close of escrow that is required when financing a transaction. Most of us don't have the resources to pay cash for a home and a mortgage lender is a large part of a successful home purchase. Read on to find out why you should trust your … [Read more...]

Check out this central Phoenix gem priced below $300,000!

Check out this central Phoenix gem priced below $300,000! Think it's impossible to find a beautiful, updated 3 bedroom, 2 bath single story home in an up and coming central Phoenix neighborhood for under $300,000? Guess again! Check out this brand new listing near the Arcadia light neighborhood near 24th Street and Indian School Road. Nearly 1200 square feet on a large lot with great curb appeal. A freshly remodeled kitchen and master bath, along with beautiful paint and hardwood flooring in … [Read more...]

Are we in a housing bubble?

The most frequent question I'm asked lately is "are we in a housing bubble?".  The Phoenix housing market was predicted to be among the hottest in the country in 2017 and now that we're through the first third of the year, I'd say that prediction is on track to being right on the money. With homes appreciating at a nice clip and inventory shortages at some price points resulting in multiple offers, it would be easy to conclude that we're in a housing bubble. Especially those who lived through … [Read more...]

Buyers And Sellers Can Avoid The Dreaded “Fall Out Of Escrow”

"Derailed" , "Gone South", "Fell Out", "Crashed and Burned" - there are lots of ways to describe a home sale that falls apart before it gets to the finish line. I am seeing an increase in deals that don't make it to the closing table. Buyers and Sellers can become frustrated by investments of time, money and emotion in a process that doesn't result in a win and can put them weeks behind in achieving their goals. There are things both buyers and sellers can do to keep a sale on track and avoid … [Read more...]