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...]

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...]

Scottsdale Town-Home Under $250,000

  Many prestigious addresses can be found in Scottsdale, Arizona, but today you can purchase a beautiful Scottsdale town-home for under $250,000. Just a couple of miles from historic old Scottsdale and the tremendous shopping experience of Scottsdale Fashion Square, you will find this beautiful 2 bedroom stunner. At almost 1600 square feet of single story living space, you will find large bedrooms, formal dining and living areas, a great room, 2 baths, laundry and efficient kitchen. … [Read more...]

Campaign Promises can ‘TRUMP” Arizona’s Real Estate Market?

Well, the election is over and many are curious to know if 2016 campaign promises will "trump" Arizona's real estate market. Some of you are elated with the results, and many lie somewhere between anxious and terrified about what the future will bring. As far as campaign promises go, there are three in particular that could have a significant impact on the  housing market according to Tina Tambour of the Cromford Report. Trump promises to deport millions of undocumented immigrants The … [Read more...]

Lessons from a Realtors personal move

Having facilitated 19 real estate transactions over the last 9 months it's easy to lose sight of the monumental task my clients face in moving from one place to another. This month I was reminded of the physical and psychological stress associated with buying, selling, and moving. Here is what I learned from my own personal move: 1.  Plan on everything taking at least 20% longer than you think it will take, especially if you're relying on others to get the job done. 2.  Plan on everything … [Read more...]

If you are between the ages of 18 and 34, you are very special!

  If you are a person between the ages of 18 and 34 you know that you are very special. But did you know that you are the hot topic and target of a wide variety of industries who see you as the drivers of their economic success? Markets are extremely sensitive to demographics. I know because I am part of a demographic that at one time made advertisers salivate. Baby Boomers were the Millennials of my day. And now, we are passing the torch to you! The real estate industry is VERY … [Read more...]