Buy or Sell Homes in South East Valley of Arizona

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...

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...

As an investor, I understand the stress and reward of having rental properties. They make a great investment, especially for retirement planning, but they also cost money in maintenance. Often I am asked by investor clients, “When is it time to sell my rental property?” Here are some guidelines: Costs . Being a real estate investor is like being a business owner and you have to know your numbers. What is the rental home actually costing you? If the mortgage is $1,000/month and the renters are paying $1200/month, is that enough to cover taxes, pool maintenance, landscaping, HOA dues and other expenses? If the answer is no, it might be time to raise the rent if the market will allow or sell the home.   Market Shifts . In the Phoenix market, it is estimated that we will see a shift from a seller’s market to a buyer’s market in 2016. That means prices of homes will go down. If your rental property is paid off or you have a low mortgage compared to current market value, you m...