Phoenix area real estate

On a regular basis our team will discuss or share articles pertaining to the real estate market in the Phoenix metropolitan area. We look forward to hearing from you and sharing what we feel is important.

April 9, 2018

What does a $300,000 home look like throughout the Phoenix Metro Area

Having lived and worked in the Phoenix Metro Area for the last 10 years I am always amazed at the broad range of housing that is available throughout the valley. 

With FHA maximum loan limits currently a little under $300,000 we wanted to share what that looks like for a home buyer looking around Phoenix. 

Comparing from as far north as Desert Ridge to as far south as San Tan Valley we selected 4 homes that are representational of their area. As can be expected the farther out you are the prices of homes goes down dramatically. To emphasize that we selected one home in San Tan Valley. This property is about 45 miles and an hour drive to Chase Field in downtown Phoenix. The other homes we selected to compare include Glendale, North Phoenix and Scottsdale.

What a wide variety of homes in the same price point throughout the valley.

1. San Tan Valley

4 bedrooms (6 possible) - 2.5 bathrooms - 2,659 sq ft - 9,450 sq ft lot - pool 

$299,000

Beautiful REMODEL in Rancho Bella Vista. FRESH NEUTRAL PAINT THROUGHOUT, beautiful GRANITE countertops, NEW CARPET, NEW STAINLESS STEEL APPLIANCES INCLUDING GAS STOVE & SIDE BY SIDE REFRIGERATOR. Backyard paradise with Sparkling PEBBLE TEC POOL with rock waterfall. Concrete pad & wiring are there for your spa. Built-in bar at patio for entertaining. RV gate with extended concrete pad for your toys! Back patio with pavers for additional sitting areas & FIREPIT. Tile & laminate wood flooring throughout lower level. Living room (did you say room for a billiard table?), family room, 4 large Bedrooms, Den + Loft. Surround sound throughout. Fresh sod just rolled in. AND A 3 car garage!! Everything is done for you! 

 

2. North Phoenix

3 bedrooms - 2.5 baths - 1,449 sq ft - 2,210 sq ft lot

$299,999

 **Stunning Remodel**This beautiful 3 bedroom 2.5 bath home is situated in the highly sought after area of north Phoenix known as Desert Ridge. Home has been completely remodeled/updated as of late 2017 into 2018 with durable wood like flooring, appliances, fixtures, lighting, paint, carpet, water heater and landscaping. Don't miss this opportunity to live in a great location with fantastic schools all within walking distance. Take advantage of Desert Ridge Marketplace and its various options for dining, shopping as well as entertainment. Home is conveniently located near 101 and 51 freeways which make travel to any part of our valley extremely easy. Come view this gorgeous, affordable home. You won't be disappointed.

 

3. Glendale

3 bedrooms - 2 baths - 1,725 sq ft - 6,879 sq ft lot - pool

$299,000

 WELCOME HOME to a Great Neighborhood *MOUNTAIN VIEWS* 8 FOOT FRONT DOOR *OPEN floor plan* BEAUTIFUL WOOD LAMINATE FLOORING * PEBBLE TEC POOL* NEUTRAL CARPET & TILE * CORIAN COUNTERS * GAS COOKING * BUILT-IN MICROWAVE * WATER FILTER * LARGE MASTER * Remodeled Bathrooms*GARDEN TUB * GLASS BLOCK WINDOW * VAULTED CEILINGS * PLANT SHELVES * RAISED PANEL & FRENCH DOORS * PLANTATION SHUTTERS * COVERED PATIO * NEWER HVAC and ROOF*LOW PROFILE VEHICLE RV GATE * MANICURED LANDSCAPE * DONT MISS! Close to I-17, 101, and popular restaurants like Mellow Mushroom* Fractured Prune* Starbucks* and shopping /restaurants at Happy Valley Center nearby.*Near Wet 'n'Wild Water Park and Adobe Dam Family Golf Center* You will love this home and great value!

 

4. Scottsdale

2 bedrooms - 2 baths - 1,216 sq ft - townhouse

$309,000

MODERN, CONTEMPORARY CHATEAU DE VIE HOME LOADED WITH UPGRADES & SPECIAL FEATURES *Highly coveted and RARELY AVAILABLE location steps to CHAPARRAL LAKE & PARK *Single level two bedroom *DUAL PANE WINDOWS & SLIDING GLASS DOORS GORGEOUS KITCHEN features all new cabinets, GRANITE COUNTERTOPS, GE Profile Stainless Steel Appliances including SIX BURNER STOVE WITH BRIDGE COOKTOP, Kohler Executive Kitchen Sink, High End Range Hood, Gorgeous backsplash, PENDANT LIGHTING *Dining space/den boasts SLEEK CUSTOM BUILT-IN DINING SPACE, Built-in bookshelves, office system and sliding doors *THREE PARKING SPACE (two covered) *Spacious living room with Built-in bookshelves, DRAMATIC CEILING DESIGN and is perfect for entertaining *Home is WIRED FOR SOUND with separate controls for each room *

If you are looking to buy or sell anywhere in the Phoenix metro area we would like to talk to you. The Agency Group at HomeSmart. 602.373.1683 - sold@4salearizona.com

Written by John Doering - Award winning Realtor living, working, raising a family and having fun in the Phoenix Metro Area since 2007. 

April 4, 2018

No HOA Homes | Boomerang Buyers: Most Qualify for Financing in 2-3 Years

No HOA Homes | Boomerang Buyers: Most Qualify for Financing in 2-3 Years

 

Finding the right home in Scottsdale AZ can be a difficult process. This is why we have integrated fully with all the data on the local MLS and became the real estate source to thousands of home buyers in the Scottsdale Arizona region.     

In order for most consumers to take advantage of a complete list of homes, we’ve created the perfect system for you. We can provide customized search angles towards your unique search criteria such as NO HOA Homes in the Scottsdale area.     

Our #1 goal is to be helpful, not a nuisance. There is no obligation required from you when searching for homes and/or even asking questions about the homes you may find appealing.      

We look forward to earning your trust and respect with our extensive local knowledge and stellar real estate services. I invite you to put our experience of the area to the test, we pride ourselves in our expertise inside our local real estate market.     

Today, I would like to talk to you about  Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!

 

According to a new study from Lending Tree, Americans who have filed for bankruptcy may be able to rebuild enough credit to qualify for a home loan in as little as 2-3 years.

This is in stark contrast to the belief that many have that they need to wait 7-10 years for their bankruptcies to clear from their credit reports before attempting to apply for either a mortgage or a personal or auto loan.

The study analyzed over one million loan applications for mortgages, personal, and auto loans and compared borrowers who had a bankruptcy on their credit report vs. those who did not to find out the “Cost of Bankruptcy.”

The study found that 43.2% of Americans who filed bankruptcy were able to repair their credit back to a 640 FICO® Score in less than a year. The percentage of those who achieved a 640 FICO® Score increased to nearly 75% after 5 years. The full breakdown of the findings was used to create the chart below.

 

Americans who were able to repair their credit scores to a range of 720-739 within three years of filing were able to obtain the same financing options as those who had never filed bankruptcy.

According to Ellie Mae’s latest Origination Insights Report, 53.5% of those who were approved for a home loan had FICO® Scores between 600-749 last month. This is great news for Americans who are looking to re-enter the housing market. 

 

 

Raj Patel, Lending Tree’s Director of Credit Restoration & Debt-Related Services had this to say:

“People may think that filing a bankruptcy would put you out of the loan market for seven to ten years, but this study shows that it is possible to rebuild your credit to a good credit quality.”

“LendingTree’s research found that very few bankruptcy filers have a harder time [obtaining a mortgage] than those who have not filed for bankruptcy.”

 

Bottom Line

If you are one of the millions of Americans who has filed for bankruptcy and think that you have to wait 7-10 years to make your dream of returning to homeownership a reality, let’s get together to find out if you qualify now.

 

Source.. KCM John Doering Blog

 

Thank you for visiting https://www.4salearizona.com We pride ourselves being a complete real estate website for all your home buying and selling needs, including finding homes with no HOA.  

We are located in Scottsdale Arizona and I encourage you to check out our website for local neighborhood, school details, mortgage information, interactive maps and all the listings available for homes for sale. 

Please feel free to contact me directly if you have any questions about the Scottsdale Arizona real estate market.  

Thank You, 

John Doering  

HomeSmart International 

8388 E Hartford Dr, Ste 100 | Scottsdale, AZ 85255

4salearizona.com 

602–373–1683  

 

 

March 29, 2018

Saving for a New Home

20 Tips to Save for a New Home

If you’re renting, but dream of owning a place of your own, you’re not alone. Only one in 10 people who rent said they prefer renting over owning, according to a survey by financial services company Wells Fargo. Two-thirds of those surveyed view home ownership as an accomplishment to be proud of or a dream come true. However, many say that the biggest barrier to achieving that dream is having enough money for a down payment.

 

“We find that many consumers overestimate the down payment needed to buy home,” said Kenny Harmer, a regional sales manager for Wells Fargo Home Mortgage. “A 20% down payment is not always required. In fact, options may be available with down payments as low as 3% or 3.5% for different loan programs.”

 

The first step in saving for a down payment is figuring out how much you need to save, based on how much home you can afford and which loan programs you’re eligible for. Then you can take these 20 steps to reach that savings goal to buy a home.

 

1. Pay Down Credit Card Debt

“If you’re carrying credit card debt, you probably want to attack that first before thinking about saving,” said Jason van den Brand, CEO of online mortgage refinancing company Lenda. This might seem counterintuitive when your goal is to boost your savings, but there are two big benefits to tackling high-interest debt.

 

First, the payoff for eliminating credit card debt with a double-digit interest rate is much higher than the return you’d get from putting your money into a savings account — about 1%, at best, van den Brand said. Once your debt is paid off, you’ll have a lot more money freed up in your budget to set aside for a down payment.

 

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Second, paying down your debt will improve your chances of getting a mortgage because it can boost your credit score and lower your debt-to-income ratio, which van den Brand said are big factors lenders consider when deciding whether you qualify for a loan.

 

2. Save Your Raise

If you get a pay raise, don’t consider it a license to spend more. Instead, have the extra amount automatically deposited into savings each month and continue living on your old income level. For example, if you earn $40,000 annually and get a 3% raise (the average for 2016), you’d have $1,200 in “extra” income that you could save.

 

If you’ve been with your employer for a while and think you deserve an even bigger raise, ask for it. Making more money is one of the key ways to boost your savings for a down payment, van den Brand said. Prepare yourself before asking for a raise by checking websites such as Salary.com and Payscale.com to see what others in similar positions are earning. Then, make a list of what you’ve contributed to the company to bolster your case for higher pay.

 

3. Stash Your Tax Refund

Most taxpayers get a tax refund from the federal government, and the average amount has been around $2,800 or so for the past several years, according to IRS data. So if you’re getting a check from Uncle Sam this year, resist the urge to spend it. Instead, take advantage of this quick and easy source of cash to boost your savings.

 

4. Keep More of Your Paycheck

If you usually get a big refund each spring, that means you’re letting the IRS hang on to too much of your paycheck during the year, interest-free. You can keep that money and put it into a savings account, where it can earn interest, by adjusting your tax withholding. You’d boost your paycheck by about $230 a month if you get the average refund of $2,800.

 

File a new W-4 form with your employer to claim additional allowances and get less tax withheld. IRS.gov has a withholding calculator you can use to figure out how many allowances to claim.

 

5. Get a Roommate

Another way to boost your income so you can increase your savings is to get a roommate. Paula Paquin, a personal finance expert and founder of ReachFinancialIndependence.com, said she took in a couple of roommates when she was saving for a house.

 

“It was either this, or moving to a smaller rented place and saving the difference,” she said. “At $500 a month, the sacrifice was well worth it.”

 

Read More: How I Saved $30,000 for a Home Down Payment in 5 Months

 

6. Rent Out Your Apartment on Airbnb

If you often travel for work, let your apartment earn money for you when you’re not at home by renting it out on Airbnb. The amount you earn will depend on where you live and how often you can rent your space. But it can be an easy way to add more money to your down payment savings.

 

Download the Airbnb app, snap a few pictures of your space, then set a price and list it for free. You pay a 3% service fee when you confirm a reservation.

 

7. Pick Up a Side Gig

Getting a second job, doing freelance work or picking up a side gig — then stashing all the extra cash you earn into savings — can help you boost your down payment pot of cash. Van den Brand said that his wife makes an extra $600 a week tutoring.

 

There are plenty of ways you can earn extra cash — from house-sitting to being a mystery shopper. You can also boost your income from the comfort of your apartment with these 30 ways to make money online.

 

8. Reshop Your Insurance

As you look to cut expenses to boost your savings, van den Brand recommended starting with your highest monthly costs, such as your auto insurance. You can quickly call around to shop for lower rates, or call your insurer to ask for a lower rate, he said. You can also compare quotes from several insurers in a matter of minutes by visiting sites such as InsuranceQuotes.com, CarInsurance.com and TheZebra.com.

 

On average, TheZebra.com users save 30% to 40% of what they are currently paying by reshopping their policies, said Joshua Dziabiak, chief operating officer of The Zebra. In states like Florida and Michigan, where premiums are high, this could mean an annual savings of $1,500 to $2,000.

 

9. Ditch Cable TV

Despite the increasing popularity of free and inexpensive video streaming services, 83% of households still subscribe to a pay-TV service, according to research from Leichtman Research Group. They’re spending an average amount of $99 a month.

 

If you cut the cable cord, you could add about $1,200 a year to your down payment savings account. You still can get your TV and movie fix by picking up free DVDs at the public library, or watching shows and movies on Crackle.com, Hulu.com or even the major network’s websites.

 

10. Scale Back Your Vices

Dining out, shopping, visiting the coffee shop and indulging in other unnecessary expenses less frequently can save you hundreds or thousands of dollars a year, said Harrine Freeman, a financial expert and CEO of H.E. Freeman Enterprises.

 

Just eliminating even one vice, such as drinking, could mean big savings. Consumers spend an average of $445 a year on alcoholic beverages, according to the Bureau of Labor Statistics. So skip happy hour and remind yourself that the money you’re saving could mean sipping a glass of wine in your own home soon.

 

Read More: 10 Tiny Homes You Can Actually Afford

 

11. Automate Your Savings

If you lack the discipline to save, mobile apps can make it easier. For example, Digit is a free online service and app that links to your checking account and analyzes your income and spending habits to figure out how much you can set aside in savings. The service then automatically puts that money into savings for you. The Digit savings account does not earn interest, though, so you’ll want to move the money into an interest-bearing account.

 

12. Reap Credit Card Rewards

If you have a rewards credit card that lets you earn cash back on purchases, make the most of this perk by paying all of your bills with that card, said credit coach Jeanne Kelly. You also could charge necessary expenses, such as groceries and gas, to your card. Of course, you have to pay off the balance each month to avoid racking up interest charges.

 

 

If you charge $1,000 a month and earn the standard 2% cash back on purchases, you could have an extra $240 to put into your down payment savings just by using a rewards card to pay for everyday purchases.

 

13. Drop Your Gym Membership

You don’t have to pay for a pricey gym membership to stay fit. If you’re trying to save for a down payment, Mortgages.com editor Anne Postic recommended exercising at home or going on walks with friends. Canceling your gym membership could add hundreds of dollars a year to your down payment savings, she said.

 

14. Eliminate Checking Account Fees

If your bank charges a monthly maintenance fee on your checking account, then you should consider switching to a no-fee account. Then you could add the amount you’re saving to a no-fee savings account.

 

The average monthly fee for the most basic checking account is $4.75 a month, and the median fee is $5, according to a GoBankingRates survey. Consider these 10 checking accounts and 10 savings accounts that don’t charge a monthly fee.

 

15. Cut the Cost of Commuting

Transportation is the second biggest expense for consumers after housing, according to the Bureau of Labor Statistics. For the past several years, consumers have spent an average of about $9,000 annually on transportation.

 

Jess Beyer, an office administrator for a law firm, said that she negotiated with her employer to work from home two days a week to lower her transportation costs and boost her savings for a down payment. You could also cut costs by organizing an office carpool, taking public transportation or walking to work.

 

 

Read More: 10 Signs You’re Not Saving Enough to Buy a House

 

16. Lower Your Cellphone Costs

There are several ways to slash your monthly wireless bill so that you can increase your savings for a down payment. For starters, switch to a smaller carrier that offers more competitive pricing than the major carriers — if you’re not locked into a contract.

 

For example, you’ll pay just $45 a month for unlimited talk, text and 5 GB of high-speed data with Straight Talk Wireless. You’ll pay at least $20 more for a similar plan with AT&T or Verizon.

 

Another option is to lower the amount of data you’re using. You could save $15 to $35 a month by opting for the lowest data plan your carrier offers, according to PCWorld.

 

 

17. Stop Spending on Home Décor

Whatever you’re spending to spruce up your apartment, stop now, Postic of Mortgages.com said. “You’ll want new things in your new home, so every time you’re tempted buy a throw pillow, a new grill or even a bath mat, put that money into your down payment savings account instead,” she said.

 

18. Live On Half of Your Paycheck

You can take the extreme approach to saving and force yourself to live on 50% of your paycheck, van den Brand said. He once had a roommate who did this and ate nothing but ramen noodles for a while.

 

You likely won’t have to live like this for too long to reach your savings goal. “You’d be surprised how quick it adds up,” van den Brand said.

 

19. Sublease Your Apartment

If your rent is high, but you can’t move to a lower-cost place because you’re stuck in a lease, sublet your apartment if it’s allowed. “This could help you avoid major fees attached with breaking your lease, which is usually an entire month’s rent and can be a major stumbling block when trying to save for a down payment,” said Robert Palmer, a financial expert and host of the Saving Thousands radio show. To benefit from the difference in rent you’re paying, have that amount automatically deposited into savings each month.

 

 

20. Move Back Home

You can stop renting altogether and move back in with your parents if you live in the same town — and if they agree to it. Your down payment stash will grow quickly if you funnel the amount you usually pay toward rent each month to your savings account.

 

To avoid conflict, agree to a time limit for living at home before you move back in. And don’t freeload entirely. Offer to help pay for groceries, utilities or services such as the internet that you might take advantage of while living with Mom and Dad.

 

If you are looking for more information or help in buying your first home in the Phoenix area please contact us.

March 28, 2018

No HOA Homes | Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!

No HOA Homes | Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!

 

Finding the right home in Scottsdale AZ can be a difficult process. This is why we have integrated fully with all the data on the local MLS and became the real estate source to thousands of home buyers in the Scottsdale Arizona region.     

In order for most consumers to take advantage of a complete list of homes, we’ve created the perfect system for you. We can provide customized search angles towards your unique search criteria such as NO HOA Homes in the Scottsdale area.     

Our #1 goal is to be helpful, not a nuisance. There is no obligation required from you when searching for homes and/or even asking questions about the homes you may find appealing.      

We look forward to earning your trust and respect with our extensive local knowledge and stellar real estate services. I invite you to put our experience of the area to the test, we pride ourselves in our expertise inside our local real estate market.     

Today, I would like to talk to you about  Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!

 

Interest rates hovered around 4% for the majority of 2017, which gave many buyers relief from rising home prices and helped with affordability. In the first quarter of 2018, rates have increased from 3.95% up to 4.45% and experts predict that rates will increase even more by the end of the year.

The rate you secure greatly impacts your monthly mortgage payment and the amount you will ultimately pay for your home. Don’t let the prediction that rates will increase stop you from purchasing your dream home this year.

 

Let’s take a look at a historical view of interest rates over the last 45 years.

 

 

Bottom Line

Be thankful that you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.

 

Source.. KCM John Doering Blog

 

Thank you for visiting https://www.4salearizona.com We pride ourselves being a complete real estate website for all your home buying and selling needs, including finding homes with no HOA.  

We are located in Scottsdale Arizona and I encourage you to check out our website for local neighborhood, school details, mortgage information, interactive maps and all the listings available for homes for sale. 

Please feel free to contact me directly if you have any questions about the Scottsdale Arizona real estate market.  

Thank You, 

John Doering  

HomeSmart International 

8388 E Hartford Dr, Ste 100 | Scottsdale, AZ 85255

4salearizona.com 

602–373–1683 

 

 

Posted in No HOA Homes
March 21, 2018

No HOA Homes | Is a Major Home Renovation Worth It in the Long Run?

No HOA Homes | Is a Major Home Renovation Worth It in the Long Run?

 

Finding the right home in Scottsdale AZ can be a difficult process. This is why we have integrated fully with all the data on the local MLS and became the real estate source to thousands of home buyers in the Scottsdale Arizona region.     

In order for most consumers to take advantage of a complete list of homes, we’ve created the perfect system for you. We can provide customized search angles towards your unique search criteria such as NO HOA Homes in the Scottsdale area.     

Our #1 goal is to be helpful, not a nuisance. There is no obligation required from you when searching for homes and/or even asking questions about the homes you may find appealing.      

We look forward to earning your trust and respect with our extensive local knowledge and stellar real estate services. I invite you to put our experience of the area to the test, we pride ourselves in our expertise inside our local real estate market.     

Today, I would like to talk to you about  Is a Major Home Renovation Worth It in the Long Run?

 

Last week, we shared “7 Factors To Consider When Choosing A Home To Retire In.” For some homeowners, these seven factors can be taken into account with a home renovation, but is it worth it to remodel or change floor plans?

 

Let’s look at this example.

Let’s say you have a 4-bedroom colonial style home in a great school district. The neighborhood is amazing, and you are very comfortable there, but your kids are all grown up and the original benefits of the home no longer apply. 

You’ve always wanted a huge master suite and are considering merging 3 of the smaller bedrooms on the second floor to achieve this dream. 

In the short term, you are over the moon excited about your newly renovated oasis. 

In the long term, when you go to sell your home down the road, you’ve now taken a 4-bedroom home in a great school district and turned it into a 2-bedroom home. Your pool of potential buyers has shrunk significantly and so has the value of your home (unless you are able to find someone who has the exact needs you have today!). 

Why not consider listing your 4-bedroom home now and moving into a gorgeous 2-bedroom with a master suite? Your house can become a home for the next family looking for that perfect neighborhood with a great school district to raise their kids in!

You may even be able to achieve your dream in the same area you love, without having to give up your favorite restaurants and grocery stores.

 

Bottom Line

If you are debating a major renovation that would change the layout of your home, before you pick up that sledgehammer, let’s get together and discuss the available listings in our area that might meet your needs today!

 

Source.. KCM John Doering Blog

 

Thank you for visiting https://www.4salearizona.com We pride ourselves being a complete real estate website for all your home buying and selling needs, including finding homes with no HOA.  

We are located in Scottsdale Arizona and I encourage you to check out our website for local neighborhood, school details, mortgage information, interactive maps and all the listings available for homes for sale. 

Please feel free to contact me directly if you have any questions about the Scottsdale Arizona real estate market.  

Thank You, 

John Doering  

HomeSmart International 

8388 E Hartford Dr, Ste 100 | Scottsdale, AZ 85255

4salearizona.com 

602–373–1683

 

 

Posted in No HOA Homes
March 14, 2018

No HOA Homes | 7 Factors to Consider When Choosing A Home to Retire In

No HOA Homes | 7 Factors to Consider When Choosing A Home to Retire In

 

Finding the right home in Scottsdale AZ can be a difficult process. This is why we have integrated fully with all the data on the local MLS and became the real estate source to thousands of home buyers in the Scottsdale Arizona region.     

In order for most consumers to take advantage of a complete list of homes, we’ve created the perfect system for you. We can provide customized search angles towards your unique search criteria such as NO HOA Homes in the Scottsdale area.     

Our #1 goal is to be helpful, not a nuisance. There is no obligation required from you when searching for homes and/or even asking questions about the homes you may find appealing.      

We look forward to earning your trust and respect with our extensive local knowledge and stellar real estate services. I invite you to put our experience of the area to the test, we pride ourselves in our expertise inside our local real estate market.     

Today, I would like to talk to you about 7 Factors to Consider When Choosing A Home to Retire In

 

As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs in retirement.

According to the National Association of Exclusive Buyers Agents (NAEBA), there are 7 factors that you should consider when choosing your retirement home.

 

1. Affordability

“It may be easy enough to purchase your home today but think long-term about your monthly costs. Account for property taxes, insurance, HOA fees, utilities – all the things that will be due whether or not you have a mortgage on the property.”

Would moving to a complex with homeowner association fees actually be cheaper than having to hire all the contractors you would need to maintain your home, lawn, etc.? Would your taxes go down significantly if you relocated? What is your monthly income going to be like in retirement?

 

2. Equity

“If you have equity in your current home, you may be able to apply it to the purchase of your next home. Maintaining a healthy amount of home equity gives you a source of emergency funds to tap, via a home equity loan or reverse mortgage.”

The equity you have in your current home may be enough to purchase your retirement home with little to no mortgage. Homeowners in the US gained an average of over $14,000 in equity last year.

 

3. Maintenance

“As we age, our tolerance for cleaning gutters, raking leaves and shoveling snow can go right out the window. A condominium with low-maintenance needs can be a literal lifesaver, if your health or physical abilities decline.”

As we mentioned earlier, would a condo with an HOA fee be worth the added peace of mind of not having to do the maintenance work yourself?

 

4. Security

“Elderly homeowners can be targets for scams or break-ins. Living in a home with security features, such as a manned gate house, resident-only access and a security system can bring peace of mind.”

As scary as that thought may be, any additional security and an extra set of eyes looking out for you always adds to peace of mind.

 

5. Pets

“Renting won’t do if the dog can’t come too! The companionship of pets can provide emotional and physical benefits.”

Evaluate all of your options when it comes to bringing your ‘furever’ friend with you to a new home. Will there be necessary additional deposits if you are renting or in a condo? Is the backyard fenced in? How far are you from your favorite veterinarian?

 

6. Mobility

“No one wants to picture themselves in a wheelchair or a walker, but the home layout must be able to accommodate limited mobility.”

Sixty is the new 40, right? People are living longer and are more active in retirement, but that doesn’t mean that down the road you won’t need your home to be more accessible. Installing handrails and making sure your hallways and doorways are wide enough may be a good reason to look for a home that was built to accommodate these needs.

 

7. Convenience

“Is the new home close to the golf course, or to shopping and dining? Do you have amenities within easy walking distance? This can add to home value!”

How close are you to your children and grandchildren? Would relocating to a new area make visits with family easier or more frequent? Beyond being close to your favorite stores and restaurants, there are a lot of factors to consider.

 

Bottom Line

When it comes to your forever home, evaluating your current house for its ability to adapt with you as you age can be the first step to guaranteeing your comfort in retirement. If after considering all these factors you find yourself curious about your options, let’s get together to evaluate your ability to sell your house in today’s market and get you into your dream retirement home!

 

Source.. KCM John Doering Blog

 

Thank you for visiting https://www.4salearizona.com We pride ourselves being a complete real estate website for all your home buying and selling needs, including finding homes with no HOA.  

We are located in Scottsdale Arizona and I encourage you to check out our website for local neighborhood, school details, mortgage information, interactive maps and all the listings available for homes for sale. 

Please feel free to contact me directly if you have any questions about the Scottsdale Arizona real estate market.  

Thank You, 

John Doering  

HomeSmart International 

8388 E Hartford Dr, Ste 100 | Scottsdale, AZ 85255

4salearizona.com 

602–373–1683

 

 

Posted in No HOA Homes
March 7, 2018

No HOA Homes | Home Prices: The Difference 5 Years Makes

No HOA Homes | Home Prices: The Difference 5 Years Makes

 

Finding the right home in Scottsdale AZ can be a difficult process. This is why we have integrated fully with all the data on the local MLS and became the real estate source to thousands of home buyers in the Scottsdale Arizona region.     

In order for most consumers to take advantage of a complete list of homes, we’ve created the perfect system for you. We can provide customized search angles towards your unique search criteria such as NO HOA Homes in the Scottsdale area.     

Our #1 goal is to be helpful, not a nuisance. There is no obligation required from you when searching for homes and/or even asking questions about the homes you may find appealing.      

We look forward to earning your trust and respect with our extensive local knowledge and stellar real estate services. I invite you to put our experience of the area to the test, we pride ourselves in our expertise inside our local real estate market.     

Today, I would like to talk to you about Home Prices: The Difference 5 Years Makes

 

The economists at CoreLogic recently released a special report entitled, Evaluating the Housing Market Since the Great Recession. The goal of the report was to look at economic recovery since the Great Recession of December 2007 through June 2009. 

One of the key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic focused on appreciation from December 2012 to December 2017 to show how prices over the last five years have fared. 

Frank Nothaft, Chief Economist at CoreLogic, commented on the importance of breaking out the data by state, 

“Homeowners in the United States experienced a run-up in prices from the early 2000s to 2006, and then saw the trend reverse with steady declines through 2011. After finally reaching bottom in 2011, home prices began a slow rise back to where we are now. 

Greater demand and lower supply – as well as booming job markets – have given some of the hardest-hit housing markets a boost in home prices. Yet, many are still not back to pre-crash levels.” 

The map below was created to show the 5-year appreciation from December 2012 – December 2017 by state.

 

Nationally, the cumulative appreciation over the five-year period was 37.4%, with a high of 66% in Nevada, and a modest increase of 5% in Connecticut.

 

Where were prices expected to go?

Every quarter, Pulsenomics surveys a nationwide panel of over 100 economists, real estate experts, and investment and market strategists and asks them to project how residential home prices will appreciate over the next five years for their Home Price Expectation Survey (HPES).

According to the December 2012 survey results, national homes prices were projected to increase cumulatively by 23.1% by December 2017. The bulls of the group predicted home prices to rise by 33.6%, while the more cautious bears predicted an appreciation of 11.2%.

 

Where are prices headed in the next 5 years?

Data from the most recent HPES shows that home prices are expected to increase by 18.2% over the next 5 years. The bulls of the group predict home prices to rise by 27.4%, while the more cautious bears predict an appreciation of 8.3%.

 

Bottom Line

Every day, thousands of homeowners regain positive equity in their homes. Some homeowners are now experiencing values even higher than before the Great Recession. If you’re wondering if you have enough equity to sell your house and move on to your dream home, let’s get together to discuss conditions in our neighborhood!

 

Source.. KCM John Doering Blog

 

Thank you for visiting https://www.4salearizona.com We pride ourselves being a complete real estate website for all your home buying and selling needs, including finding homes with no HOA.  

We are located in Scottsdale Arizona and I encourage you to check out our website for local neighborhood, school details, mortgage information, interactive maps and all the listings available for homes for sale. 

Please feel free to contact me directly if you have any questions about the Scottsdale Arizona real estate market.  

Thank You, 

John Doering  

HomeSmart International 

8388 E Hartford Dr, Ste 100 | Scottsdale, AZ 85255

4salearizona.com 

602–373–1683  

 

 

Posted in No HOA Homes
Feb. 28, 2018

No HOA Homes | It’s Tax Season… Use Your Refund to Jump Start Your Down Payment Savings!

No HOA Homes | It’s Tax Season… Use Your Refund to Jump Start Your Down Payment Savings!

 

Finding the right home in Scottsdale AZ can be a difficult process. This is why we have integrated fully with all the data on the local MLS and became the real estate source to thousands of home buyers in the Scottsdale Arizona region.     

In order for most consumers to take advantage of a complete list of homes, we’ve created the perfect system for you. We can provide customized search angles towards your unique search criteria such as NO HOA Homes in the Scottsdale area.     

Our #1 goal is to be helpful, not a nuisance. There is no obligation required from you when searching for homes and/or even asking questions about the homes you may find appealing.      

We look forward to earning your trust and respect with our extensive local knowledge and stellar real estate services. I invite you to put our experience of the area to the test, we pride ourselves in our expertise inside our local real estate market.     

Today, I would like to talk to you about It’s Tax Season… Use Your Refund to Jump Start Your Down Payment Savings!

 

According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,840 this year when filing their taxes. This is down slightly from the average refund of $2,895, last year. 

Tax refunds are often thought of as ‘extra money’ that can be used toward larger goals; for anyone looking to buy a home in 2018, this can be a great jump start toward a down payment! 

The map below shows the average tax refund Americans received last year by state. (The refunds received for the 2017 tax year should continue to reflect these numbers as the new tax code will go into effect for 2018 tax filings.)

 

Many first-time buyers believe that a 20% down payment is required to qualify for a mortgage. Programs from the Federal Housing Authority, Freddie Mac, and Fannie Mae all allow for down payments as low as 3%, with Veterans Affairs Loans allowing many veterans to purchase a home with 0% down.

If you started your down payment savings with your tax refund check this year, how close would you be to a 3% down payment?

The map below shows what percentage of a 3% down payment is covered by the average tax refund by taking into account the median price of homes sold by state. 

 

 

The darker the blue, the closer your tax refund gets you to homeownership! For those in Alabama looking to purchase their first homes, their tax refund could potentially get them 69% closer to that dream!

 

Bottom Line

Saving for a down payment can seem like a daunting task. But the more you know about what’s required, the more prepared you can be to make the best decision for you and your family! This tax season, your refund could be your key to homeownership!

 

Source.. KCM John Doering Blog

 

Thank you for visiting https://www.4salearizona.com We pride ourselves being a complete real estate website for all your home buying and selling needs, including finding homes with no HOA.  

We are located in Scottsdale Arizona and I encourage you to check out our website for local neighborhood, school details, mortgage information, interactive maps and all the listings available for homes for sale. 

Please feel free to contact me directly if you have any questions about the Scottsdale Arizona real estate market.  

Thank You, 

John Doering  

HomeSmart International 

8388 E Hartford Dr, Ste 100 | Scottsdale, AZ 85255

4salearizona.com 

602–373–1683 

 

 

Posted in No HOA Homes
Feb. 21, 2018

No HOA Homes | 80% of Renters Believe Homeownership is a Part of Their American Dream

No HOA Homes | 80% of Renters Believe Homeownership is a Part of Their American Dream

 

Finding the right home in Scottsdale AZ can be a difficult process. This is why we have integrated fully with all the data on the local MLS and became the real estate source to thousands of home buyers in the Scottsdale Arizona region.    

In order for most consumers to take advantage of a complete list of homes, we’ve created the perfect system for you. We can provide customized search angles towards your unique search criteria such as NO HOA Homes in the Scottsdale area.    

Our #1 goal is to be helpful, not a nuisance. There is no obligation required from you when searching for homes and/or even asking questions about the homes you may find appealing.     

We look forward to earning your trust and respect with our extensive local knowledge and stellar real estate services. I invite you to put our experience of the area to the test, we pride ourselves in our expertise inside our local real estate market.    

Today, I would like to talk to you about 80% of Renters Believe Homeownership is a Part of Their American Dream

 

According to the latest Aspiring Home Buyers Profile by the National Association of Realtors (NAR), 82% of surveyed renters desire to own a home in the future, with 80% believing homeownership is a big part of achieving their American Dream. 

The profile went on to state that 50% of millennials believe that their rent will increase, with 20% believing that an increase in rent will be the catalyst that pushes them to consider buying a home vs. renewing their lease.

 

So, what is holding renters back?

 

 What would make renters take the plunge?

 

“Housing demand in 2018 will be fueled by more millennials finally deciding to marry and have kids and the expectations that solid job growth and the strengthening economy will push incomes higher.”

Yun goes on to warn that,

“However, with prices and mortgage rates also expected to increase, affordability pressures will persist. That is why it is critical for much of the country to start seeing a significant hike in new and existing housing supply. Otherwise, many would-be first-time buyers will be forced to continue renting and not reach their dream of being a homeowner.”

 

Bottom Line

If you are one of the many homeowners whose houses no longer fit their needs and are looking to move up to your dream home, now is a great time to list your starter home! First-time buyers are out in force looking to achieve their American Dream.

 

Source.. KCM John Doering Blog

 

Thank you for visiting https://www.4salearizona.com We pride ourselves being a complete real estate website for all your home buying and selling needs, including finding homes with no HOA.  

We are located in Scottsdale Arizona and I encourage you to check out our website for local neighborhood, school details, mortgage information, interactive maps and all the listings available for homes for sale. 

Please feel free to contact me directly if you have any questions about the Scottsdale Arizona real estate market.  

Thank You, 

John Doering  

HomeSmart International 

8388 E Hartford Dr, Ste 100 | Scottsdale, AZ 85255

4salearizona.com 

602–373–1683    

 

 

Posted in No HOA Homes
Feb. 14, 2018

No HOA Homes | Which Comes First… Marriage or Mortgage?

No HOA Homes | Which Comes First… Marriage or Mortgage?

 

Finding the right home in Scottsdale AZ can be a difficult process. This is why we have integrated fully with all the data on the local MLS and became the real estate source to thousands of home buyers in the Scottsdale Arizona region.   

In order for most consumers to take advantage of a complete list of homes, we’ve created the perfect system for you. We can provide customized search angles towards your unique search criteria such as NO HOA Homes in the Scottsdale area.   

Our #1 goal is to be helpful, not a nuisance. There is no obligation required from you when searching for homes and/or even asking questions about the homes you may find appealing.    

We look forward to earning your trust and respect with our extensive local knowledge and stellar real estate services. I invite you to put our experience of the area to the test, we pride ourselves in our expertise inside our local real estate market.   

Today, I would like to talk to you about Which Comes First… Marriage or Mortgage?

 

According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2017 at 57% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable. 

But, many couples are also deciding to buy a home before spending what would be a down payment on a wedding, as unmarried couples made up 16% of all first-time buyers last year. 

If you’re single, don’t fret! Single women made up 18% of first-time buyers in 2017, while single men accounted for 7% of buyers. A recent report pointed to a sense of responsibility and commitment that drives many single women to want to own their own homes rather than rent someone else’s. 

Here is the breakdown of all first-time homebuyers in 2017 by percentage of all buyers, income, and age:

 

Bottom Line

You may not be that much different than those who have already purchased their first homes. Let’s get together to determine if your dream home is already within your grasp!

 

Source.. KCM John Doering Blog

 

Thank you for visiting https://www.4salearizona.com We pride ourselves being a complete real estate website for all your home buying and selling needs, including finding homes with no HOA.  

We are located in Scottsdale Arizona and I encourage you to check out our website for local neighborhood, school details, mortgage information, interactive maps and all the listings available for homes for sale. 

Please feel free to contact me directly if you have any questions about the Scottsdale Arizona real estate market.  

Thank You, 

John Doering  

HomeSmart International 

8388 E Hartford Dr, Ste 100 | Scottsdale, AZ 85255

4salearizona.com 

602–373–1683       

 

 

Posted in Scottsdale