The best blog for waterfront and lakefront homes and communities for the Phoenix Arizona area
A community facility district is often referred to as a CFD. You may not always be aware that a house is located in a CFD. So what are the drawbacks or advantages and how do you determine if a house is in a subdivision with a community facility district? Are there any tell tale signs that can help you know?
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.
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.
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.
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”
Eliminating MIP on a FHA LoanWhen 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.
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.
You’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.
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.
Let’s say you’ve decided that you don’t want to worry about the landscaping for a single family home, and in addition you don’t need a mega-mansion in the suburbs so you turn your interest to a condominium or townhouse. Now the question becomes, what is the difference between a townhouse and condominium and does it affect anything else such as financing. Or is it simply an architectural issue? Well you may want to read on because it’s deeper than that.
Continue reading “Townhouse vs. Condominium: What’s the Difference?”