Which Type of Lender Is Right for You?

There was a time when most homebuyers obtained their mortgage loans through their banks or credit unions. Today, however, there are a number of additional home-financing providers. Which one is right for you? Let’s take a look at the options.

Mortgage Application

 

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Home Prices Up in the Valley

2017 is shaping up to be another good year for real estate prices in the valley.

Video from AzCentral.com

Full Article on AzCentral.com

 

 

 

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Maricopa AZ Real Estate Market Update for the month ending February 2017

While our inventory of available homes for sale remains at a 2 year low, our buyer activity remains very strong in the area. We have 246 active homes for sale  on the MLS  with 259 homes having an accepted contract on them. Last month, the city of Maricopa had 107 closed sales. These homes were on the market about 72 days before the seller had an accepted contract.

Our annual appreciation as of 03/02/2017 is 7.6% (Cromford Report)

Here’s a list of the homes that sold last month in the City of Maricopa.

If you have any questions or would like information on a specific home in your neighborhood, please contact me anytime!

house-for-sale

 

 

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Rental Scams are in Arizona’s Top 5 fraud complaints

While the internet has brought us faster and easier ways to rent homes, it also brings out the scammers. We’ve had a few of our own rental listings hijacked and unfortunately, there is no way to stopping the con-artist from stealing the rental photos and re-posting on another website.

Before renting a home, please read one or both of these articles:

Consumer.FTC.Gov – Rental Listing Scams

Arizona Attorney General: Top 5 fraud complaints and 5 warning signs

scam alert

 

 

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Dreamport Villages: Developer proposes $4B amusement park over 1,500 acres in Casa Grande

CASA GRANDE, AZ – Will Arizona finally play host to a major amusement park?

Another proposal and concept has made its way to the drawing board.  Slide Show

Developers with The Blocks Sports Company, a Florida-based company, have filed a proposal with the City of Casa Grande to bring a 1,500-acre “world class entertainment” amusement park and resort to the area, even comparing the scope of its plans to that of Disney World in Orlando. Full Article

dreamport-proposal-cg

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Advice to all Sellers – Double-check your listing on the MLS for errors!

We were doing a market analysis for a rural property this morning and discovered a very sad fact for a previous owner of the property. The previous owner/seller was unable to sell their home because the listing agent failed at one critical detail in the listing. The home was on 5 acres; the agent listed the home as being on 1.25 acres. The home would have appeared as “overpriced” due to this data entry error. The end result for the owner: It was listed over 1 year on the MLS and never sold….it foreclosed!

We strongly encourage all sellers to get a copy of their actual listing on the MLS aka ARMLS and check all your property details. Your agent should provide you with a link to ARMLS to see the full listing and all the photos (great photos are required to sell your home). Additionally, your agent should also send you the PDF version of the private view that only agents can see.

As always, our best advice to every Seller or Buyer – Get Good Help! Your best REALTOR will be full-time, experienced, and local.

 

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Maricopa AZ Real Estate Market Update for the month ending January 2017

We are starting of the year a little slower than this same time last year. We have less listings and fewer pending sales. Buyers continue to be very active, even with fewer homes available for purchase. We have about 3.7 months of inventory; a balanced market is between 4-6 months of inventory.

Here’s a list of the homes that sold last month in the City of Maricopa.

Full List Maricopa AZ Sold Homes 01-2017

Stats 01-2017.JPG

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Janet Yellen signals March rate hike is possible

Get ready for higher interest rates. Federal Reserve chair Janet Yellen signaled that the next rate hike could come as early as March in her testimony before the U.S. Senate Banking Committee on Tuesday. Video from Money.cnn.com

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What does President Trump mean for housing?

A few of our clients have been asking this question. Yesterday, our local AZCentral.com sent out an article that perfectly covers these answers.

Full Article: AZCentral.com What does President Trump mean for housing?

home-value

 

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Maricopa AZ Real Estate Market Update – Year-end Recap for 2016

We have had a very busy year! With strong demand from the buyers and a low inventory of homes, our appreciation for the year is at 8%*!

A few statistics:

  • Average Sales Price $184,357
  • Average Size of Home Sold $2,130
  • Average Price per Square Foot $90.03

Here’s a list of the homes that sold last month in the City of Maricopa.

Full List Maricopa AZ Sold Homes 12-2016

A few things to remember when looking at market statistics:

  • *Only Sold homes determine the value of your home. Your neighbors home can listed for any amount and the home may or may not sell at that price.
  • *Two-story homes sell at a lower price per square foot than one-story homes. Reason being the construction costs are higher for a one-level home due to the foundation and roof top. There is also a higher buyer demand for one-level homes at this time as well.
  • *Smaller homes have higher price per square foot. As the home increases in size, the price per square foot decreases.
  • *The best comps to determine what you home is worth will be within one mile of your home and in the same subdivision. To pick comps, always try to choose homes that are close to the same size +/- 10% and have similar upgrades, lot features, etc.

If I can be of service to you, please feel free to contact me anytime!

*The 8% includes all homes in Maricopa that are located in a HOA and listed on the MLS. This will include homes in Province and new home construction, when listed.

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