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Showing posts from May, 2016

Pre-qualified versus Pre-approved what is the difference and why does it matter.

Many banks will give you a pre-qualified letter-- but that is not enough if you are buying a home in Arizona.  It is important to understand why you must do your part before looking to buy a home- this will save you many headache and will give you the best chance to buy your dream home when you do find it.   If you are planning on buying a home in the next year, there are a few things you should do before you start looking: decide on the neighborhood that will provide you with good schools and a reasonable commute to work; get your credit reports and confirm all the information is accurate; and learn the difference between pre-qualified and pre-approved mortgage loans. What Does Pre-qualified Mean? The first thing you need to know is that being pre-qualified for a mortgage does not guarantee you will get one. When a lender sits down to talk to a prospective buyer, they will ask questions about the buyer's credit, assets, and income. It's important to note that no ...

Why Do You Need an Estate Plan?

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Your house is one of the biggest investments you will ever make and I want to be sure you and your home are in good hands. The plain and simple fact of living is that one day we will die. It’s sad but true. How do you protect your biggest asset - your home? You have an estate plan. Having an estate plan is important for your care if/when you are medically incapacitated and distribution of assets after your death. An estate plan should clearly define: ·        Medical instructions including naming a medical power of attorney ·        How to distribute your assets after your death ·        Custody of minor children and disabled adults in your care ·        Special requests for your assets such as naming a caretaker or leaving money for your pet(s). What is an estate Plan? An estate plan is a plan for your well-being if you are medically incapacitat...

In Arizona Singles are Buying Homes Much More Frequently

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Some highlights: 24% of all recent home buyers were single at the time of purchase 47% of single men cite the desire to own a home of their own as the primary reason to buy. 18% of first time buyers were single woman  If you have been thinking of owning your own home- I LOVE helping first time buyers get on the right path so down the line you have the right home for your needs...Never any pressure, and always making it a fun experience!   

5 Tips for Finding a Home for Your Growing Family

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With Summer just around the corner are you thinking of buying a home for your growing family? There are a few things to consider. What features mean the most to you? Maybe you need all the bedrooms on one floor or prefer a one-story home. What’s your budget? What part of the Phoenix area do you want to be? Answering all of the questions can get overwhelming which is why I offer the following tips:   Buy a home with resale in mind . Families are transient here in the Phoenix area with many residents hailing from other cities and towns across the nation, making it important to think about reselling your home. For example, a kitchen and bathroom remodel could cost a lot of money but you may need to do it to sell your home at a good price. Schools . Even if your children are young now, think about where you would want them to attend school. You wouldn’t have to move just to get into a better school district. Also, when you resell your home, the value may be different dependi...

Thinking of using rental income as a plan to retire

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Lately many of the folks I come across are thinking of and acting on having a couple of rental homes as a second source of income to their retirement income. Does that sound like you—well know you are not alone. A Harvard University recently published a report of the rental market in the United States . This study included rental-market trends over the last decade and predictions for the next ten years. One of the most surprising facts from the study is that renting a home has become a more common option for almost all types of Americans. These are some of the results found in the report: The number of renters increased for people with all levels of household incomes.  The number of renters increased for single people, couples, and parents with children.  The number of single-family houses that have been converted to rental units also increased.  Rising Rent Costs in Most Cities  This housing study also looked at America's largest rental markets. Three ou...