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Best Residential Boating Communities

Boat Friendly Lake Communities in Phoenix

Some potential home owners want to look at something besides a block wall when they’re in their backyard. That’s where waterfront properties in Phoenix residential boating communities become very appealing.  Then there are those that ask, “Does this lake allow boating?” This leads to another set of questions. For example, some lake communities don’t allow any type of watercraft or boats, and some only allow canoes or kayaks.  Which ones allow electric pontoon boats?  If you want to learn more about boat friendly lake communities in Phoenix, keep reading.

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Questions for your lender

Critical questions for the lender

Once you’ve uploaded and sent all the documents that your lender has asked for, it’s your turn to ask the questions.  How do you know the lender or loan officer has chosen the best loan program for you? Have they shared the closing costs that you’ll need in addition to the down payment?   You need to make sure the lender explains some key issues when it comes to getting prequalified.  Continue reading to learn more about the important topics you need to be discussing with  your lender.

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2022 Real Estate Market Review

2022 Phoenix Real Estate Market UpdateMortgage rates and applications

The Phoenix real estate market in 2022 was quite a ride! Appreciation in the first half of the year was followed by falling prices in the last 6 months. The result was that prices at the end of the year were roughly where they began at the first of the year.  What happens in 2023 is the speculation that real estate pundits, commentators, and Youtube channels love to embrace.  There is no lack of opinions on this subject.

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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”