A: Also known as a purchase money mortgage or carry-back, it is when the seller agrees to “lend” money to the buyer to purchase and close on the seller’s home. Usually sellers do this when money is tight, interest rates are high or when a buyer has difficulty qualifying for a conventional loan or meeting… Read More
Signs of spring (and summer!) are cropping up everywhere, and for homeowners, that means readying outdoor spaces for the season. Some, according to a Houzz.com report, are planning to renovate, as well. “Nearly half of outdoor renovators spend six or more hours a week in their yards, motivating them to invest in major features that… Read More
The millennial home-buyer market is huge and you can’t go wrong with updates that will appeal to this 24-32 age group, after all, this kind of modernization can only get more valuable in the future and will make your life easier while you’re still living in your home. The video below contains a few tips… Read More
Eighty-six percent of the typical bank’s mortgage loans made last year were “qualified mortgages,” according to the American Bankers Association’s 23rd annual Real Estate Lending Survey. Despite an increase in non-QM lending, the survey results revealed that 72 percent of respondents expect the Consumer Financial Protection Bureau’s mortgage lending rules will continue to cause a… Read More
I like the tips in the article below but I might add that for a Seller, sorting and purging personal possessions is best done BEFORE you put your house on the market. As you try to put your home’s best foot forward it’s difficult to be tearing closets, attics and storage spaces apart. In addition,… Read More
In March, U.S. home sellers sold their properties for an average of $30,500 more than their purchase price, a 17 percent average gain—the highest average price gain for home sellers in any month since December 2007 at the onset of the Great Recession. These data are from RealtyTrac®’s March and Q1 2016 U.S. Home Sales… Read More
I remember watching this movie for the first time, like it was yesterday. I was maybe 12 and my cousins told me it was fun and scary… “right up my ally” I thought. They were not wrong, scary it was! Alfred Hitchcock’s original Psycho (1960) has a deceptively simple but unforgettable plot, and Bates Motel… Read More
When you hire “The Builder” to construct your new home, do you know exactly who you’re hiring? The information in the article below is PRECISELY why I tell every new home buyer that I work with, to part with the minimal cost of having a home inspection on a New Construction home. With so many… Read More
In the Phoenix area’s East Valley, four bedrooms, two and a half baths seems to be the most in-demand stat for home buyers right now. You can find other Real Estate market statistics for Chandler, Arizona here. And Gilbert, Arizona Real Estate market statistics for the past week are here. We have market reports available… Read More
This past Saturday there was a massive fire in an apartment complex under construction in the town of Gilbert, AZ. This site is surrounded by heavily occupied residential neighborhoods. businesses and town offices. The fire evolved into a 5 alarm event and according to Arizona News12 over 100 firefighters responded. A large number of police… Read More
