Archive for Arizona Real Estate

May
23

Stuff not to move

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Moving to a new home is a new chapter of your life, so why not start with a fresh slate and lose the clutter. When deciding what to bring to your new home, ask yourself whether you use it, really need it, or really love it.  For anything not getting a yes – toss it out. Here’s a list to start you thinking about stuff you can sell, donate, or give away to lighten your moving load.

  1. Old towels, linens and shower curtains, You may be buying new linens for your new home, or may just want to pare down to your best and favorite.
  2. Unworn/Old Clothes, as you pack, create a pile to donate clothes that no longer fit, or you never choose to wear.  Some people can easily reduce closet contents by a third or even half!
  3. Cosmetics, cleaning supplies, aging spices and canned goods in the kitchen.  Enough said.
  4. Cords, Cables and old electronics no longer in use.
  5. Paperwork, Take the time to sort through those boxes of papers, organizing the essentials (perhaps digitizing) and shredding those tons of old statements.
  6. Excess furniture, appliances, knickknacks,  Most of us find that some furniture just isn’t right for the new place- and there are charities happy to pick up.  While you’re looking at larger possessions, go through the kitchen and donate small appliances and extra sets of dishes just taking up space.  Knick-knacks are personal, and you may love all of yours – but now’s  an opportunity to free the less than favorite ones to someone else’s home, reduce your collection, and thereby limit clutter growth in your lovely new place.

If you are ready to buy, sell or have a real estate question, please contact me.  I love to help.

Categories : Arizona Real Estate
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May
18

Ways to Pay Off Your Mortgage Faster.

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It used to be that people would buy a house for cash or a loan with a much shorter payoff schedule than today’s typical 30 years.  The house would stay in the family and get passed on through generations.  Today – the average time spent in a house before selling it is 10-13 years.  Paying off the mortgage is still a goal many have.   Here are a few tips to help pay off that huge debt:

  1. Make an extra payment each year, by paying a little extra each month, or a full extra payment once a year.
  2. Setting up a bi-weekly payment will accomplish an extra payment a year.
  3. If you can’t make a full extra payment a year, even a little extra every month will help shave your principle.
  4. Sometimes refinancing can reduce the interest rate, thereby reducing the payment, making it easier to pay extra.
  5. Refinancing to a 15-year loan does wonders.   Look at ways to shave other expenses to enable a larger monthly payment.    If you do want to consider refinancing, carefully look at the numbers to make sure the expense associated with refinancing is worth it in the long run.

A good lender can help you decide and let you know your options.   Just ask – I can recommend a few trusted ones.

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May
16

A Little South Mountain History

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In April of 1925, 70 members of the Kiwanis club completed a trail from the base of the new Phoenix Mountain Park- north side-  to the top of the mountain known as “telegraph pass.”

http://southmountainhistory.blogspot.com/2008/06/kiwanians-build-5940-feet-of-trail-to.html

 

Categories : Arizona Real Estate
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May
09

May’s Market Update

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April 2017 wrapped up with stats and momentum that confirm a continued seller’s market. With only 10,247 new listings entering the market in Metro Phoenix in April 2017, down 16% from the previous month and 7.3% from April 2016, supply is not keeping up with demand. So it’s not surprising that we’ve seen our third consecutive month of unusually high jumps in average sold price, up to a full percent again from last month to just over $292,000. Days on market has dropped to a value of 54, the lowest we’ve seen in years. Lenders are bringing back renovation loans to help buyers who are frustrated with the lack of updated inventory, and new builds continue to accelerate their market share as well. Interest rates have flattened back out around 4.2% for 30-year fixed loans, and summer 2017 may buck some of the typical slow-down trends.

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May
02

Want to buy a house, but don’t have a down payment? 

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You are not alone.  First-time buyers often have to plan and save for a few years.  Start by knowing how much down payment you need to pull together.   There are many programs not requiring 20% down.   A buyer applying 20% of the purchase price as down payment can avoid mortgage insurance.  But – there are 3% and 5% down payment loan programs.   Call or email for a few great mortgage loan offers to get an idea what your budget should be, and with that, how much down payment you’ll need.
  1. With the end goal as your target, start watching every expense and purchase.  Start eliminating all “frivolous” purchases.
  2. Create a separate savings account just for your down payment.   Have an automated deposit come out of each paycheck. 
  3. Buddy up with your spouse or friend and make a game out of it, start a little friendly competition and see who can meet the goal first or save the most each month. 
  4. Save unexpected money, such as a larger tax refund, bonus or gift. 
  5. Find a side business or hustle, a little freelance working or selling on Ebay. 
  6. Create a budget for your mortgage, if you plan on going from a $1,500 monthly rent payment to a $2,000mortgage payment, start putting that extra $500 away now.  This will boost your savings account and help you assess how you’ll manage the mortgage payment once you do buy a house or condo. 
  7. This may be hard in the Valley, but see if you can downsize the rental for a year or two. Rent cheaply as possible to save up for the house purchase. 
  8. There are a few down payment assistance programs for buyers that qualify (maximum income and minimum credit scores, generally). 
Again – please contact me so that I can recommend a knowledgeable lender to provide any and all mortgage information you need.
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United Brokers Group
106 S Kyrene Road Ste 2
Chandler, AZ 85226

602-315-8330

Karla@KarlaRozum.com

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