Tips when buying a new build home

Things to know when buying a new home

Tips to buying a new homeA brand new home can be so appealing in many ways.  You can choose your flooring, cabinets, type of counter tops and numerous upgrades.   Not to mention all the appliances are and mechanical systems are new.  So what if anything could go wrong with purchasing a new build home?  Well, let’s consider 9 tips to help you when buying a new build home from a builder to make it a smooth experience.

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What are seller concessions?

Can Sellers Contribute Toward Buyer Closing Costs?

Does the Arizona Association of Realtors contract allow for sellers to contribute toward buyer closings costs?  What about assisting with the down payment?  These are questions that come up in the course of a transaction. And in what type are market are they more common?  Keep reading to understand what seller concessions are.

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How Much House Can I Qualify For?

How Much House Can I Qualify For?Can I afford this house

Have you ever wondered how lenders calculate how much you can qualify for when you’re looking for a house?  What do they take into account?  Income, debt, monthly obligations?  Are you getting prequalified for an amount that you can’t afford?  These are all questions that would be good to understand. Be an informed education and informed buyer!  Continue reading if you want answers to these questions.

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2022 Phoenix Market Review for 1st Half

How’s the Phoenix Real Estate Market started off in 2022?

Has the trend of multiple offers within 48 hours waiving appraisals and inspections continued through the first half of 2022? What has the increase in interest rates done to buyer demand in the Phoenix real estate market?  And has this affected home sale prices throughout the valley. To find out the answer to these questions, read this 2022 Phoenix market review.

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Prequalification and Your Credit Score

Can your credit score affect your prequalification?

Getting prequalified before looking for a home and especially prior  to submitting an offer is mandatory. What can be done to prepare a prospective buyer before getting prequalified?  The answer is to become credit worthy. How does your credit score influence your prequalification?   Understanding how credit bureaus measure your credit worthiness is a good place to start. Continue reading “Prequalification and Your Credit Score”

Removing MIP on a FHA loan

Eliminating MIP on a FHA Loan

When you review your mortgage statement every month you are reminded of something called mortgage insurance.  For a FHA loan it is called MIP, Mortgage Insurance Premium.  Removing MIP on a FHA loan is a different animal than removing it from a conventional loan.  Market appreciation does not enter into the equation at all.  To see what option are available, continue reading.

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2022 Real Estate Forecast & 2021 Review

Phoenix 2022 Outlook & 2021 Real Estate Review

What a year 2021 turned out to be!  And now our focus turns to 2022 and what changes we’ll see in the Phoenix real estate market.  Predictions are always difficult but identifying the underlying driving factors is a good place to start.  Let’s review what happened in 2021 in the Phoenix real estate market and a 2022 market forecast.

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What to do after closing – a short list

After close receiving the keysYou’ve closed, now what?

It all started with searching the internet for that dream house, then getting prequalified and uploading bank accounts, tax returns and more. This was followed by viewing properties day after day, then submitting an offer,  probably multiple offers to get the house you want.  Not that you endured that process, you finally got the keys and it’s time to schedule the long awaited move-in.  If you’re wondering if that’s the end of the road read on.  There are a few more things to do after closing.

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Playa Del Rey Estates-Ski Lake

Gilbert Lake Community – Playa Del Rey EstatesPlaya Del Rey Kayaking

One of the three water ski lakes in Gilbert is Playa Del Rey Estates,  a short 20 minutes from Sky Harbor Airport.  Another reason to give this lake community further consideration is it offers a wide range of recreational water activities.  While other ski lake communities are specifically designed for slalom skiing, Playa Del Rey Estates allows jet skis, wake boarding, kayaks and paddle boards.  It is the shortest ski lake community in the Phoenix area.

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