| A significant number of people moving to Arizona are coming from California.
California’s population is undeniably on the rise, yet according to an article in the Phoenix Business Journal, more than a quarter of Arizona’s new residents are moving here from California. In a post for The New York Times, Susan Weber of the demographic research site SocialExplorer.com pointed out analysis data that showed an average of about 250,000 people per year migrated to Arizona from other states, with the largest contribution coming from California. — Arizona MLS Home Search — A multitude of compelling reasons. The numbers make total sense considering Arizona’s rapidly growing tech, financial and housing industries along with more relaxed regulation on businesses. |
Arizona boasts lower overall cost of living including almost 40% lower housing prices, utility bills and driving expenses, lower unemployment, and an income tax rate nearly half of that in California. All this comes along with only a small differential in income. There are a mind-boggling array of schooling choices including public as well as prestigious magnet institutions, neighborhood charters and career-targeted schools.
— Custom Home Search – Exactly what you’re looking for, sent daily to your inBox —
From desert to mountains, Arizona’s climate is surprisingly diverse. It’s not inconceivable that a day trip might find you skiing in the morning and jumping in your backyard pool that very same afternoon. The Phoenix Valley is literally surrounded by Hiking, Biking and Mountain Climbing opportunities including right in the middle of the city of Phoenix, and Arizona’s wilderness area is incredibly expansive if raw nature exploration is more your thing.
— What Phoenix Valley city is best for you? —
The Phoenix Valley is a foodie’s haven and first-rate entertainment and nightlife choices are around every corner. Check out downtown Gilbert for an eclectic lineup of great eateries. The arts and culture environments in Mesa and Chandler have been quietly exploding in recent years, and Scottsdale is a mecca for large-scale, national and international events. With 300+ days of sunshine a year, Arizona enjoys an outdoor lifestyle without limits.
We make your relocation easy!
If you’re considering relocation from California, give us a call first. Relocation is our specialty! We’ve perfected the art of ‘making it easy’.
— Custom Home Search – Exactly what you’re looking for, sent daily to your inBox —
If in-person showings aren’t practical for you, video tours can replace a walk through. Paperwork can be quickly and accurately completed and signed entirely on line.
We’ll monitor your contract timeline and deadlines, advise you on financing options, meet with home inspectors, appraisers and escrow officers.
Most importantly we keep you updated every step of the way, no detail is too small, no concern is insignificant.
With a vast network of top producing Realtors, we can refer you to a prime Real Estate professional to list and sell your California property.
For a detailed accounting of our services and our responsibility to you, check out ‘How can I help you?‘
Contact us to get moving on your California to Phoenix relocation today!
- Call or Text: 602-999-0952
- Email: golfArizona@cox.net
Check out a few of the East Valley’s New Listings below
Bill Salvatore and Arizona Elite Properties
Delivering Realty Excellence Throughout the Greater Phoenix Valley
— Cali to Phoenix Live Feed —
Share this:
About the Author
Bill Salvatore- Realtor
Recent Facebook Posts
Chandler homes for sale in comment section ... See MoreSee Less
0 CommentsComment on Facebook
Consumer Assumptions During Dual Agency
________________________________________
I have had a lot of experience with dual agency. An awful lot. Well over 100 transactions, personally. Most were flawless, but some not so much. The only time an agent can typically be accused of favoring the other side, in my experience, is in a dual agency situation.
For those who are not familiar with the term, dual agency (In New Jersey) is when the same brokerage represents both buyer and seller. I am not referring to that. I am referring to single agent dual agency, where the same agent represents both buyer and seller. Of course, dual agency must be agreed to in writing, and explained by the sales person / agent.
Keeping both clients very happy during the transaction is extremely difficult, as so many think that during a conflict or challenge, you may have taken the other's side. There can be no "private conversations", since everything must be transparent. Often sellers are unhappy with the agent after home inspection requests, choosing to "shoot the messenger", assuming that we are taking the buyer's "side". Many buyers, who may be strangers, feel threatened with our relationship with the seller, in many cases having a relationship with the seller prior to listing their home.
Remaining impartial is easy for me. But I guess my desire to get to the finish line is overlooked by some clients, and they misinterpret my demeanor. I mean, forget for a second that I represent the buyer also. Your heater is broken. The next buyer will want it repaired or replaced, also !
By definition, a dual agent cannot put one parties interest ahead of the other party. But getting to the closing table at the agreed to (contractually) time is typically in everyone's best interest.
Not all dual agent transactions are awful, some can be rewarding and fun. While it certainly adds more stress for the agent, the clients seem to be unaware of this dynamic. The next one I participate in, I will be sure to get on my soap box and announce to help keep it drama free, with no messenger-shooting.
I believe in my lifetime we will see the elimination of dual agency, perhaps sooner than later.
(Excellent explanation written by Michael Elliott on Active Rain 04.17.2024) Bill
I can’t stop, it’s my job!
Exceeding Buyers & Sellers expectations for over 22 years. Let's Exceed Yours!
Bill Salvatore / Arizona Elite Properties
602-999-0952 / BillSalvatore.teamiii@gmail.com
www.BillSalvatore.com
Before you Hire a Realtor check them out, Google them!
#ChandlerRealtor #AZVHV/HelpingArizonaHeroes
#NewConstructionAdvantage #Sellmyhouse
#whatsmyhomeworth #homevalues #2024market
#ArizonaEliteProperties #yourValleyProperty
#GilbertRealtor #AZVHV #buyingaHome #LiveinSunnyAZ
#BillSalvatore ... See MoreSee Less
0 CommentsComment on Facebook
www.flexmls.com/share/AFgOy/Selected ... See MoreSee Less
Selected
www.flexmls.com
0 CommentsComment on Facebook
www.flexmls.com/share/AFfyk/Selected ... See MoreSee Less
Selected
www.flexmls.com
0 CommentsComment on Facebook
Knowing which projects may be eligible for a tax deduction can help alleviate some of the high costs that come with renovating. But remember to consult a tax professional to understand if your upgrades qualify before you commit to expensive projects!
Bill
I can’t stop, it’s my job!
Exceeding Buyers & Sellers expectations for over 22 years. Let's Exceed Yours!
Bill Salvatore / Arizona Elite Properties
602-999-0952 / BillSalvatore.teamiii@gmail.com
www.BillSalvatore.com
Before you Hire a Realtor check them out, Google them!
#ChandlerRealtor #AZVHV/HelpingArizonaHeroes
#NewConstructionAdvantage #Sellmyhouse
#whatsmyhomeworth #homevalues #2024market
#ArizonaEliteProperties #yourValleyProperty
#GilbertRealtor #AZVHV #buyingaHome #LiveinSunnyAZ
#BillSalvatore ... See MoreSee Less
0 CommentsComment on Facebook
What questions does a seller have once they are "Under Contract?
_____________________________________________________________________
After accepting an offer on their home, sellers often have several questions as they navigate the remaining steps of the sale process. Here are some common queries they might have:
What Happens Next?: Sellers may want clarification on the timeline and the specific steps that follow acceptance of the offer.
Inspection Concerns: They might wonder about the inspection process, including what the buyers will be looking for and what repairs, if any, they'll be responsible for.
Appraisal Apprehensions: Sellers may ask about the home appraisal process and what happens if the appraised value is lower than the agreed-upon sale price.
Title and Escrow: Questions often arise regarding the title search, title insurance, and the escrow process, including who handles these aspects and what their responsibilities are.
Contingencies: Sellers may inquire about any contingencies in the contract and what impact they may have on the sale.
Closing Costs: They might want clarification on who pays for closing costs and what those costs typically entail.
Moving Out Timeline: Sellers might ask about the timeline for moving out of the property and any specific requirements or expectations from the buyers.
Communication Expectations: Sellers may seek clarification on how often they'll be updated on the progress of the sale and who they should contact with questions or concerns.
Negotiation Possibilities: Even after accepting an offer, sellers might wonder if there's still room for negotiation, especially if issues arise during inspections or appraisals.
Legal Obligations: Sellers may ask about their legal obligations throughout the remainder of the process and what they need to do to fulfill them.
Contingent Offers: If the sellers are also buying a new home, they may have questions about contingent offers and how they can ensure a smooth transition between properties.
Documentation Requirements: They might want guidance on what documents they need to prepare and sign before the closing date.
Final Walk-Through: Sellers may inquire about the final walk-through and what they need to do to prepare the home for the buyers' inspection.
Cancellation Procedures: In case the deal falls through, sellers may want to know the procedures for canceling the sale and relisting their property.
Addressing these questions promptly and thoroughly can help alleviate sellers' anxieties and ensure a smoother home sale process.
Bill
I can’t stop, it’s my job!
Exceeding Buyers & Sellers expectations for over 22 years. Let's Exceed Yours!
Bill Salvatore / Arizona Elite Properties
602-999-0952 / BillSalvatore.teamiii@gmail.com
www.BillSalvatore.com
Before you Hire a Realtor check them out, Google them!
#ChandlerRealtor #AZVHV/HelpingArizonaHeroes
#NewConstructionAdvantage #Sellmyhouse
#whatsmyhomeworth #homevalues #2024market
#ArizonaEliteProperties #yourValleyProperty
#GilbertRealtor #AZVHV #buyingaHome #LiveinSunnyAZ
#BillSalvatore ... See MoreSee Less
Arizona Real Estate
www.billsalvatore.com
A REPUTATION FOR REALTY EXCELLENCE THROUGHOUT THE GREATER PHOENIX VALLEY0 CommentsComment on Facebook
What Should You Do If You Don't Have Money for Repairs?
________________________________
Your house has to be different from the others when it is for sale. Additionally, some features, like immaculate hardwood floors or exquisitely designed open kitchens, are excellent at attracting attention to listings. However, what happens if you are unable to finance renovations, even though some items are in grave disrepair?
In order to attract buyers, some sellers might decide to give their house an allowance, or discount. In this case, the seller would consent to bear the cost of fixing anything the buyer deems to be defective. The allowance could be included in the buyer's offer or an request for repairs addendum following the home inspection. If the home purchase will be secured by a loan, the buyer will need to contact the lender in order to make sure that the allowance will not negatively impact the loan.
Benefits of offering an allowance
Offering a home improvement allowance is definitely a feasible option if you are unable to pay for the necessary repairs to your property.
According to REAL New York principal and co-founder Robert Rahmanian, this could be a wise move if you're having problems selling your home or if buyers or their agents mention that updates are necessary.
According to Rahmanian, "the kind of updates that need to be conducted very much depends on the allowance amount." The allowance could be calculated using the total cost of the required updates.
Getting written estimates from contractors to complete the work is the first step, according to Compass broker Martin Eiden in New York. After that, you should offer an allowance for the estimated amount.
“I would present it like this: ‘We were considering updating the kitchen and baths but didn’t want to choose a color the end buyer may not want, so these are the estimates, and the buyer can choose the final colors and finishes,’” he says.
There are two reasons why this is a good tactic. According to Shafaq Chawla, a real estate agent at Compass in Los Gatos, California, "buyers capable of having a 'vision' for the home may be excited because they have the ability to choose updates and colors to their personal taste and liking." She adds that buyers will feel more at ease knowing that the repairs will be completed to their satisfaction if they oversee the project themselves.
Disadvantages of offering an allowance
Offering a home improvement allowance is not always a good idea, though, primarily because most buyers prefer move-in ready homes.
According to Chawla, many potential buyers will decide against customizing their home, even though some would love the chance to do so.
“Depending on the scope of the work needed, it may require them to take time off from work or endure the hassle of chasing down contractors for the job,” she says.
Furthermore, it may not even be necessary to offer a home improvement allowance to attract buyers, depending on the state of the market.
"Even if a home is outdated or has a lot of condition issues, it will probably sell in a desirable neighborhood with limited inventory," says Sarah Adler, a real estate salesperson at Citi Habitats in Brooklyn, New York.
Bill
I can’t stop, it’s my job!
Exceeding Buyers & Sellers expectations for over 22 years. Let's Exceed Yours!
Bill Salvatore / Arizona Elite Properties
602-999-0952 / BillSalvatore.teamiii@gmail.com
www.BillSalvatore.com
Before you Hire a Realtor check them out, Google them!
#ChandlerRealtor #AZVHV/HelpingArizonaHeroes
#NewConstructionAdvantage #Sellmyhouse
#whatsmyhomeworth #homevalues #2024market
#ArizonaEliteProperties #yourValleyProperty
#GilbertRealtor #AZVHV #buyingaHome #LiveinSunnyAZ
#BillSalvatore ... See MoreSee Less
0 CommentsComment on Facebook
... See MoreSee Less
0 CommentsComment on Facebook
First Hot Sheet of April! Shane Sauer ... See MoreSee Less
0 CommentsComment on Facebook
6125 E Dodge ST, Mesa, AZ 85205 ... See MoreSee Less
6125 E Dodge ST, Mesa, AZ 85205
www.flexmls.com
There's so much love here! BRAND NEW ROOF!! Newer windows and A/C! There's a BIG fenced back yard with large covered patio, storage shed, plenty of space for entertaining, gardens, pets or play, and Y...0 CommentsComment on Facebook
There's so much love here! BRAND NEW ROOF!! Newer windows and A/C! There's a BIG fenced back yard with large covered patio, storage shed, plenty of space for entertaining, gardens, pets or play, and YES the hot tub works! Tastefully updated kitchen has useful details, plus stylish updates in the master bath, lots of easy-care tile flooring. The Laundry room is lined with storage cabinets. LOW electric bills, plus property taxes are very reasonable. With an OPTIONAL yearly fee, the association offers fantastic amenities; pools, hobby rooms, sport courts, walking trail and entertainment. Easy access to Rts 60 and 202, close to shopping, restaurants, golf and hiking. Solar panels will be FULLY PAID OFF by the seller. The ideal choice for your 2nd home, investment or full-time residence.
... See MoreSee Less
6125 E Dodge ST, Mesa, AZ 85205
www.flexmls.com
There's so much love here! BRAND NEW ROOF!! Newer windows and A/C! There's a BIG fenced back yard with large covered patio, storage shed, plenty of space for entertaining, gardens, pets or play, and Y...0 CommentsComment on Facebook
Whether you're just starting to dream about homeownership or already deep into the house hunt, remember this it's never too early to reach out to agents or loan officers. I'm here to guide you every step of the way.
Bill
I can’t stop, it’s my job!
Exceeding Buyers & Sellers expectations for over 22 years. Let's Exceed Yours!
Bill Salvatore / Arizona Elite Properties
602-999-0952 / BillSalvatore.teamiii@gmail.com
www.BillSalvatore.com
Before you Hire a Realtor check them out, Google them!
#ChandlerRealtor #AZVHV/HelpingArizonaHeroes
#NewConstructionAdvantage #Sellmyhouse
#whatsmyhomeworth #homevalues #2024market
#ArizonaEliteProperties #yourValleyProperty
#GilbertRealtor #AZVHV #buyingaHome #LiveinSunnyAZ
#BillSalvatore ... See MoreSee Less
0 CommentsComment on Facebook
... See MoreSee Less
0 CommentsComment on Facebook
Understanding VA Loan Entitlement: Maximizing Your Benefits
_____________________________________________
Understanding VA Loan Entitlement can help in maximizing your benefits. Veterans and service members who qualify for a VA loan are entitled to certain benefits provided by the Department of Veterans Affairs (VA). Central to these benefits is the concept of VA loan entitlement, a vital aspect of securing a mortgage with favorable terms. However, navigating the intricacies of VA entitlement can be complex. In this article, we'll delve into the fundamentals of VA loan entitlement, including basic vs. bonus entitlement, and how they impact your down payment and maximum loan amount.
What is VA Loan Entitlement?
VA loan entitlement represents the dollar amount that the Department of Veterans Affairs guarantees to repay to a lender in the event of default on a VA home loan. Essentially, it serves as a financial safety net for lenders, encouraging them to offer more favorable terms to eligible veterans and service members.
Understanding Basic vs. Bonus Entitlement
VA loan entitlement comes in two primary forms: basic and bonus entitlement. Basic entitlement is set at $36,000, representing a quarter of the loan amount up to the conforming loan limit. For most counties, this amounts to $144,000.
However, to accommodate higher loan amounts and ensure broader access to homeownership, the VA introduced bonus entitlement. Bonus entitlement bridges the gap between the basic entitlement and higher loan amounts, allowing qualified veterans to obtain loans exceeding $144,000.
Impact on Down Payment and Maximum Loan Amount
The availability of full entitlement significantly influences your down payment requirements. While VA loans offer the benefit of 0% down payment, full entitlement is typically required to access this perk. Veterans and service members with full entitlement can leverage this feature if they meet specific criteria, such as not having used a VA loan before or having paid off their previous VA loan entirely.
Conversely, those with reduced or partial entitlement, such as homeowners with active VA mortgages or those who've lost a VA loan to foreclosure, may need to provide a down payment.
Calculating VA Loan Entitlement
VA loan entitlement is calculated based on a quarter of the current loan limit, with additional entitlement available for loans exceeding $144,000. This secondary entitlement ensures that veterans have access to higher loan amounts without the need for a down payment.
A quarter of current loan limit in most counties ($766,550) is $191,637.50. In order to meet that mark, the VA essentially created a secondary entitlement amount ($191,637.50 - 36,000 = $155,637.50). That additional layer of entitlement comes into play anytime a Veteran purchases a home for more than $144,000.
Multiple VA Loans
One of the significant advantages of VA loan entitlement is the ability for qualified veterans to have multiple VA loans simultaneously. This flexibility is made possible by bonus entitlement, allowing veterans to pursue homeownership opportunities in different locations or upgrade to larger properties while retaining their existing VA loan.
Conclusion
Understanding VA loan entitlement is crucial for veterans and service members looking to make the most of their hard-earned benefits. By grasping the distinctions between basic and bonus entitlement and how they impact down payments and maximum loan amounts, individuals can navigate the VA loan process with confidence and secure favorable terms for their homeownership journey.
... See MoreSee Less
AZVHV Veterans Helping Veterans
yourvalleyproperty.com
AZVHV Heroes® Helping Arizona Heroes Welcome! We are Honored to Assist You. You’ve Earned it! $2,000* cash back discount to help with your closing costs. Nurses and Other Health Care Profess…0 CommentsComment on Facebook
The Benefits of Downsizing When You Retire
__________________________________________
If you’re taking a look at your expenses as you retire, saving money where you can has a lot of appeal. One long-standing, popular way to do that is by downsizing to a smaller home.
When you think about cutting down on your spending, odds are you think of frequent purchases, like groceries and other goods. But when you downsize your house, you often end up downsizing the bills that come with it, like your mortgage payment, energy costs, and maintenance requirements. Realtor.com shares:
“A smaller home typically means lower bills and less upkeep. Then there’s the potential windfall that comes from selling your larger home and buying something smaller.”
That windfall is thanks to your home equity. If you’ve been in your house for a while, odds are you’ve built up a considerable amount of equity. And that equity is something you can use to help you buy a home that better fits your needs today. Daniel Hunt, CFA at Morgan Stanley, explains:
“Home equity can be a significant source of wealth for retirees, often representing a large portion of their net worth. . . . Retirement planning can be complex, but your home equity shouldn't be overlooked.”
And when you’re ready to use that equity to fuel your next move, your real estate agent will be your guide through every step of the process. That includes setting the right price for your current house when you sell, finding the home that best fits your evolving needs, and understanding what you can afford at today’s mortgage rate.
What This Means for You
If you’re thinking about downsizing, ask yourself these questions:
Do the original reasons I bought my current house still stand, or have my needs changed since then?
Do I really need and want the space I have right now, or could somewhere smaller be a better fit?
What are my housing expenses right now, and how much do I want to try to save by downsizing?
Then, meet with a real estate agent to get an answer to this one: What are my options in the market right now? A local real estate agent can walk you through how much equity you have in your house and how it positions you to win when you downsize.
Bottom Line
Want to save money in retirement? Consider downsizing – it could really help you out. When you’re ready, let’s connect about your goals in the housing market this year. ... See MoreSee Less
0 CommentsComment on Facebook
www.flexmls.com/share/A3D1B/Selected ... See MoreSee Less
Selected
www.flexmls.com
0 CommentsComment on Facebook
Unfortunately Friday afternoon isn't an option!!
This Saturday night (March 9th), remember to set your clocks AHEAD one hour. It's also a good time replace your smoke detector batteries...Because we all know smoke detector alarms love to go off in the middle of the night. ... See MoreSee Less
0 CommentsComment on Facebook
Embarking on the exciting journey of becoming a first-time homeowner? Let's make those dreams a reality! As your dedicated real estate agent, I'll be your expert navigator through the entire home-buying process. Reach out today, and let's start this exciting journey together! ... See MoreSee Less
0 CommentsComment on Facebook
When you're facing Foreclosure you might feel that there is nothing you can do. This isn't true, you have several options and in fact 'doing nothing' is the worst thing you can do. We offer 5 of those options on our website. Please know that we're here to help! 602-999-0952
yourvalleyproperty.com/?page_id=49677 ... See MoreSee Less
0 CommentsComment on Facebook
www.flexmls.com/share/9yWox/11700-E-Cliffrose-LN-Florence-AZ-85132 ... See MoreSee Less
11700 E Cliffrose LN, Florence, AZ 85132
www.flexmls.com
Open & spacious! Freshly painted interior! Desirable Magma Ranch! Easy care tile flooring in greatroom and traffic areas. Big kitchen with corner pantry, has an extended island, tons of work surface, ...0 CommentsComment on Facebook
Check out this link from our local Realtors + MLS, below for the newest homes to come on the market.
Chandler Arizona homes for sale today
... See MoreSee Less
Selected
www.flexmls.com
0 CommentsComment on Facebook
... See MoreSee Less
0 CommentsComment on Facebook
www.flexmls.com/share/9vuq0/Selected ... See MoreSee Less
Selected
www.flexmls.com
0 CommentsComment on Facebook
www.flexmls.com/share/9vuHW/Selected ... See MoreSee Less
Selected
www.flexmls.com
0 CommentsComment on Facebook
... See MoreSee Less
0 CommentsComment on Facebook
The Custom Facebook Feed plugin