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Showing posts with the label buying a home in Queen Creek

What buyers need to know about escalation clauses

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  An escalation clause can help buyers gain a crucial edge in today's seller's market, but these offer addendums need to be handled with care. What is it? An escalation clause is a real estate contract, sometimes called an escalator, that lets a home buyer say: “I will pay “x” price for this home, but if the seller receives another offer that’s higher than mine, I’m willing to increase my offer by “Z” to “Y” price. Just be sure you have the cash to back up the offer.  How does an escalation clause work? While escalation clauses vary significantly, the general escalation addendum has a few basic components: •              What is the original offer of purchase price? •              How much will that price be escalated above any other competitive bid? •              What is the maximum amount...

New Real Estate "Rules and or Guidelines" Under Social Distancing

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In Arizona and all around the Nation-- heck the world- things are changing.  With Covid-19 looming around the corner on the door handle, on a light switch perhaps even in your car, you just can’t be too careful!   Arizona has been hit, but as bad as some states. In this new normal you will notice many more Virtual tours, open houses done through video, or Facebook, sanitizer wipes in each home asking the potential buyers to make sure they use them. Buying or selling a home can be stressful even under ordinary circumstances now add all of this-- it can be overwhelming!  Unfortunately, the current state of the world is far from ordinary and no one knows how long this will be our new normal. The housing market is feeling the crunch- but in some ways is becoming more efficient. As fewer buyers want to get out and shop for a home, and fewer sellers want to take a risk with selling. Brokers and Agents are finding creative ways to make it all work for their clients....

The history of interest rates have been up and down.

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I am writing this as a "food for thought article" Please take it as that... The history of interest rates have been up and down-- that is their nature. As the economy changes so does the interest rate. It is not a natural thing for either to be up for too long or down too long... it must change with the times.  I think that has been forgotten. in the past 10 years or so-- as a healthy economy needs to grow so does the views about it.  When the stock exchange continues to see new records broke though month after month-- I question the validity.  The American dream has always been (as long as I can remember) to own your own home- to be the person who reaps the benefits of ownership. To control one's life by knowing what your mortgage will be for a lifetime. God Bless America to allow that right of ownership- to allow each citizen the right to have a piece of the american dream.   Below is a chart showing the past interest rate and some comments about what ...

Top 10 East Valley Neighborhoods for Families

If you’re looking for a home either new or a re-sale- in the South East Valley of Phoenix; including Tempe, Chandler, Mesa, Gilbert, Queen Creek, or San Tan Valley you’ve got a lot of choices. Here are 10 communities in no particular order. I think they are worth checking out for your consideration if you are looking for a resale home.   1.      Dobson Ranch – Built between 1973 and 1999, this well-established community offers easy access to freeways, walking distance to schools, and year round community events. Dobson Ranch offers tennis courts, community pool, golf course, meeting space, and programs for all ages. 2.      Val Vista Lakes – Located in the heart of the fast-growing, family community of Gilbert, Val Vista Lakes offers more than 24 subdivisions and lakeside views, and a community center with heated pool and beach with sand, where you can enjoy special events with family and friends. 3.      August...

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 ...

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...

Spring Cleaning is okay, but Spring Savings will Benefit You All Year Long! 8 Tips for Making Your Home More Energy Efficient This spring

You could be letting money go right out the window (literally) if your home isn’t energy efficient. Here are our tips for making your home more energy efficient this spring and beyond: * Energy Audit – Are you spending more on your utility bills and feeling less comfort in your home? You may need to have an energy audit to determine what’s causing the increased bills. Whether you do it yourself or have a licensed contractor assess your home, it’s important to understand how your home is working and get it on the path to energy efficiency. Here is where to start; http://www.betterbuiltenergysavers.com/features  * Sizing and Sealing Ducts – Do have rooms in your home that are cooler than others in the summer? Your home may have duct leaks. As much as 20% of the air circulating through your home can be lost to improperly sized or installed ductwork. Find an SRP or APS approved contractor to have the ducts sized and repaired; then submit the rebate. Not only will you save mo...

6 Questions to Ask Before Hiring a Real Estate Agent

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Buying or selling a home is an investment in your financial future. Making sure you have the right real estate agent to meet your needs will help your transaction run smoothly and get you the outcome you desire whether it’s selling your home at a certain price point or buying your dream home. Here are six great questions to ask before hiring a real estate agent:       1.   Are you a full-time agent? You might like Aunt Sally’s friend’s daughter but if she does real estate part-time, you might not get the level of customer service you desire and deserve. I recommend working with a full-time agent who can dedicate more time and effort to your transaction. (Yes, I am a full-time real estate agent. If I am not buying or selling homes, I am not making money)       2.   Are you a member of the National Association of Realtors? REALTORS® must abide by the NAR Code of Ethics and state regulations. They must also complete continuing education. (...

A list of 10 East Valley Neighborhoods you should check out.

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If you’re looking for a home either new or a re-sale- in the South East Valley of Phoenix; including Tempe, Chandler, Mesa, Gilbert, Queen Creek, or San Tan Valley you have  a lot of choices. Here are 10 communities in no particular order. I think they are worth checking out for your consideration if you are looking for a resale home.   1.                   Dobson Ranch – Built between 1973 and 1999, this well-established community offers easy access to freeways, walking distance to schools, and year round community events. Dobson Ranch offers tennis courts, community pool, golf course, meeting space, and programs for all ages. Centrally located between Tempe, Gilbert, and Mesa you are close to ASU, MMC, Hospitals and Sky Harbor Airport. 2.                   Val Vista Lakes – Located in the heart ...

What a Gem of a home in Queen Creek all for $179,900

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You have been looking for this home!  Such pride in ownership…this 3 bed+ den 2 bath home has many features including a great kitchen island, all kitchen Stainless steel appliances, including the gas stove with convection oven convey along with the washer and dryer, a walk in pantry and pull out shelves will have every cheering!  Looking for convenience, with 3 linen closets, remote ceiling fans, programmable thermostat, tile throughout the house, surround sound, separate tub and shower and to top it off a 20 amp service in the garage and it is extended by 2 ft, and for the cherry on top a new AC and Hot water heater—this home is calling you! http://www.visualshows.com/edit_show.php?user_id=8210&show_id=158715 Contact me if you would like to see it!!  :) Elaine Beery-- 480-570-1912  BeeryRealty@gmail.com

Why the next time you sell you should do a pre-inspection to sell your home!

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All homes talk. Sometimes it just takes a trained ear to hear what they’re saying. Some real estate professionals maintain that having a home inspection prior to listing offers several benefits to the seller. Identifying possible property related “red flags” early in the transaction could potentially save the transaction from menacing roadblocks that threaten to send everyone back to the negotiating table. While a pre-inspection will not head off every potential issue, most will agree that early detection is beneficial to all parties involved. •             Identify defects and make repairs ahead of time. By identifying possible defects early on, the seller is in a position to handle repairs prior to listing, making the listing more attractive and the property more saleable. This may mean more money to the seller and a faster sale. Making repairs ahead of time will limit objections over defects during the negotiations. I...