Buying a new build home? Make sure you have a Realtor at your side.

Enter A New Build Home Sales Office Without A Realtor At Your Own Risk! It seems like you can’t go anywhere in the valley these days without running into construction - street widening, new commercial space and lots and lots of builders carving out parcels and putting beautiful new homes up where there once was dirt. With inventory shortages in the resale market, and prices going up, you may be tempted to stop by and browse some model homes. If you’re just wandering through for decorating … [Read more...]

What is earnest money and why do you need it?

What is earnest money and why do you need it? If you are planning on buying a home, there are some up front, out of pocket expenses you will want to be prepared for. These funds should be liquid and easily accessible whether you are financing or paying cash. The three main checks you will be writing (who writes checks anymore?) are for the home inspection(s), the home appraisal (required if you are financing, not required if you are paying cash), and earnest money. But what is 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...]

The Sharyn Younger Real Estate Team Just Got Bigger & Better

The Sharyn Younger team is proud to announce the addition of Traci Tartaglio as a referring agent. Traci has been a licensed Realtor® for four years combining her love of real estate with her business acumen derived from decades as the owner of Ahwatukee Carpets. She has helped families all over the valley create homes they love with flooring and remodeling services.  She is great at helping people identify their needs and applying just the right solutions to get them the biggest bang for their … [Read more...]

Arizona Real Estate Market Benefits From New Tax Plan

  There remains a good deal of confusion about the new tax plan put in place for 2018 as the new associated regulations trickle out. My tax accountant, Dan Dipomazio, CPA, is working hard to stay on top of those incoming regulations and keeping me informed about the real life consequences to my specific situation. A NY Times opinion piece in todays Review section articulates my theory about how the Arizona real estate market benefits from the new tax plan. 'New caps on the home … [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...]

Coronado Historic District in Phoenix

Downtown Phoenix is experiencing a renaissance. With the arrival of the light rail in 2008 we've seen an explosion of new residential home options with shiny high-rise condominiums, state of the art apartment buildings and interesting in-fill projects dotting the area. New restaurants and clubs surround the downtown campus of Arizona State University and run the length of Central Avenue from Roosevelt to the south up to Northern Avenue to the north.  As anticipated, we've also seen some of the … [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...]

Is Buying Phoenix Rental Properties A Good Investment?

I've always said that the smartest people I know don't know everything. But they know people who have the answers to their questions. One of the things I love about real estate is the constant learning experience. And I'm smart enough to know that I don't have to have every answer to every question; but I better know the people who do. That's how I am helping investors add real estate to their portfolios and build wealth for themselves and their families. My go to real estate investment guru is … [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...]