Scottsdale & Phoenix Real Estate Blog

Scottsdale & Phoenix real estate market trends, valuable news about, home prices, short sales, including foreclosure information in the Maricopa county plus much more. 

July 16, 2018

Scottsdale Homes For Sale | First-Time Home Buyers Continue to Put Down Less Than 6%!

Scottsdale Homes For Sale | First-Time Home Buyers Continue to Put Down Less Than 6%!

 

So, you find yourself looking for a real estate agent as you are ready to buy a home, sell a home or perhaps both…  

When it comes to Scottsdale Real Estate and the vast amount of choices offered from many venues. It is wise to take your time and take your home search seriously     

Did you know that the real estate agent you choose could make or break things for you? Did you also know that the professional that you choose to help you during the process of buying or selling your next home should be done with caution or it could cost you thousands of dollars?     

I offer my services in the Scottsdale Real Estate to the public because I excel in my ability to understand your needs, translate them into reality and to do so with the minimum of angst ...and for that reason, I believe I’m the right person for you.     

Today, I want to address something that may be very important to you, it is about First-Time Home Buyers Continue to Put Down Less Than 6%!

 

 

According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017.

Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March, 71% of first-time buyers and 54% of all buyers put less than 20% down.

Ralph McLaughlin, Chief Economist and Founder of Veritas Urbis Economics, recently shed light on why buyer demand has remained strong,

“The fact that we now have four consecutive quarters where owner households increased while renters households fell is a strong sign households are making the switch from renting to buying.

Households under 35 – which represent the largest potential pool of new homeowners in the U.S. – have shown some of the largest gains. While they only make up a third of all homebuyers, the steady uptick in their homeownership rate over the past year suggests their enormous purchasing power may be finally coming to [the] housing market.”

It’s no surprise that with rents rising, more and more first-time buyers are taking advantage of low-down-payment mortgage options to secure their monthly housing costs and finally attain their dream homes.

 

Bottom Line

If you are one of the many first-time buyers unsure of whether or not they would qualify for a low-down payment mortgage, let’s get together and set you on your path to homeownership!

 

Source.. KCM Ryan Ney Blog

 

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings. 

If you are moving to the Scottsdale area, I can assist you in collecting the information you need, and make your transition as smooth as possible. Feel free to contact me for any information. I love to assist people in relocating, and I’ve helped many people move to my area!   

Whether you are new to the market, thinking of moving up, or even an experienced investor, I have the expertise, the energy, the enthusiasm and the access to resources to help you achieve your goals.   

From Golf Course properties, Gated Communities, Homes with pools, Horse properties and new construction, Give me a call and let's get started    

Call Ryan now at 480–332–5659

July 9, 2018

DC Ranch Homes For Sale | The #1 Reason to List Your House for Sale NOW!

DC Ranch Homes For Sale | The #1 Reason to List Your House for Sale NOW!

 

Did you know that in the DC Ranch community you'll find a variety of architectural home-styles from single family, attached, luxury rentals, custom homes and home sites.    

DC Ranch has slowly transformed over the last few years. DC Ranch is connected by miles of winding paths and trails that take you anywhere on the ranch including the community center, private golf course and country club, retail site, schools and much more. All neighborhoods are connected by a system of paths and trails which allow you to go virtually anywhere in the community without crossing a major street.   

If you are looking just for the right property in DC Ranch today, I would be happy to consult with you and bring you my experience and expertise in the DC Ranch Community to help you make the right the decision    

Today I would like to speak to you about  The #1 Reason to List Your House for Sale NOW!

 

If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait!

 

Buyer Demand Continues to Outpace the Supply of Homes for Sale

 

The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current lack of inventory:

“Inventory coming onto the market during this year’s spring buying season – as evidenced again by last month's weak reading – was not even close to being enough to satisfy demand. 

That is why home prices keep outpacing incomes and listings are going under contract in less than a month – and much faster – in many parts of the country.”

The latest Existing Home Sales Report shows that there is currently a 4.1-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 6.1% lower than last year's inventory level.

The chart below details the year-over-year inventory shortages experienced over the last 12 months:

Anything less than a six-month supply is considered a “seller's market.”

 

Bottom Line

Let's get together to discuss the supply conditions in our neighborhood so that I can assist you in gaining access to the buyers who are ready, willing, and able to buy right now!

 

Source.. KCM Ryan Ney Blog

 

See something that interests you around La Strada in DC Ranch? 

How about Ironwood Village, Pima Acres and Sera Brisa. . we can guide you through the area and then find the best properties available for sale. We also have more information about Windgate Ranch.

Need help? Contact Us anytime to schedule a private showing for any property in DC Ranch. Or search our website www.realscottsdalehomes.com to find more information on the community of DC Ranch and all Scottsdale area real estate. 

Ryan Ney Real Estate 

of My Home Group

DC Ranch Specialist 

Ph: (480) 332–5659

 

 

Posted in Dc Ranch
July 2, 2018

Scottsdale New Construction | Buying This Summer? Be Prepared for Bidding Wars

Scottsdale New Construction | Buying This Summer? Be Prepared for Bidding Wars

 

The process of buying a brand new home in Scottsdale Arizona takes place over a long period of time and in several stages. Whether you are choosing a new house in a Scottsdale neighborhood or prefer a custom home built by a home-builder, the most important step is to make a decision who you want representing you to make an intelligent choice.  

You'll need guidance to find all the options available in the area from “ALL” available home-builders. You'll need to take some time deciding on your priorities — what you want in a home? where you want to live? and how much you want to spend?  

This is the reason my services consist on exploring what's currently available among the properties that builders need to sell. I bring you the options of what is currently available from “ALL” the builders (not just one), what will be released and available soon?…what are the best builder incentives..etc.   

Whether you are new to the new construction real estate market in Scottsdale or you are just relocating to this area…I have the expertise, the energy, the enthusiasm and the access to resources to help you achieve your goals.  

Today, I would like to talk to you about Buying This Summer? Be Prepared for Bidding Wars

 

Summer is traditionally a busy season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on those buyers who are looking to purchase before the new school year. This year will be no different!

Buyers have already been out in force looking for their dream homes and more are on their way. The challenge is that the inventory of homes for sale has not kept up with demand, which has led to A LOT of competition for the homes that are available.

A recent article by the National Association of Realtors touched on the current market conditions:

“Realtors® in areas with strong job markets report that consumer frustration is rising. Home shoppers are increasingly struggling to find an affordable property to buy, and the prevalence of multiple bids is pushing prices further out of reach.”

Realtor.com went on to explain why buyers are flocking to the market in such big numbers:

“A booming economy and stable employment in most parts of the country have created a new generation of eager home buyers – and led to fevered price battles spilling over into some unexpected, smaller markets.”

Javier Vivas, Director of Economic Research for Realtor.com had this to say about competition:

“Multiple-offer scenarios are no longer reserved to the usual big, fast-moving markets…demand for homes has spilled outward into secondary, smaller markets, and more buyers are gearing up to face fierce competition in more places around the country.”

Realtor.com looked at the number of homes that were selling above asking price to determine which markets were heating up. Below are the Top 10:

 

 * Akron, OH

 * Worcester, MA

 * Lexington, KY

 * Irvine, CA

 * Greensboro, NC

 * Sioux Falls, SD

 * Madison, WI

 * Louisville, KY

 * Tacoma, WA

 * Little Rock, AR

 

Bottom Line

Let's get together to discuss our exact market conditions so that we can help you create a strategy to secure your new home in this competitive atmosphere!

 

Source.. KCM Ryan Ney Blog

 

I am always available to offer you personal, one-on-one help with what some say is the biggest decision you will make in your life. If you have any questions, please don't hesitate to call Ryan M. Ney @ 480–332–5659  

Start searching for new construction homes in Scottsdale Arizona HERE*  

 

 

June 25, 2018

Scottsdale Homes For Sale | You DO NOT Need 20% Down to Buy Your Home NOW!

Scottsdale Homes For Sale | You DO NOT Need 20% Down to Buy Your Home NOW!

 

So, you find yourself looking for a real estate agent as you are ready to buy a home, sell a home or perhaps both…  

When it comes to Scottsdale Real Estate and the vast amount of choices offered from many venues. It is wise to take your time and take your home search seriously     

Did you know that the real estate agent you choose could make or break things for you? Did you also know that the professional that you choose to help you during the process of buying or selling your next home should be done with caution or it could cost you thousands of dollars?     

I offer my services in the Scottsdale Real Estate to the public because I excel in my ability to understand your needs, translate them into reality and to do so with the minimum of angst ...and for that reason, I believe I’m the right person for you.     

Today, I want to address something that may be very important to you, it is about You DO NOT Need 20% Down to Buy Your Home NOW!

 

The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that the main reason why non-homeowners do not own their own homes is because they believe that they cannot afford them.

This brings us to two major misconceptions that we want to address today.

 

1. Down Payment

A recent survey by Laurel Road, the National Online Lender and FDIC-Insured Bank, revealed that consumers overestimate the down payment funds needed to qualify for a home loan.

According to the survey, 53% of Americans who plan to buy or have already bought a home admit to their concerns about their ability to afford a home in the current market. In addition, 46% are currently unfamiliar with alternative down payment options, and 46% of millennials do not feel confident that they could currently afford a 20% down payment.

What these people don't realize, however, is that there are many loans written with down payments of 3% or less.

Many renters may actually be able to enter the housing market sooner than they ever imagined with new programs that have emerged allowing less cash out of pocket.

 

2. FICO®Scores

An Ipsos survey revealed that 62% of respondents believe they need excellent credit to buy a home, with 43% thinking a “good credit score” is over 780. In actuality, the average FICO® scores for approved conventional and FHA mortgages are much lower.

The average conventional loan closed in May had a credit score of 753, while FHA mortgages closed with an average score of 676. The average across all loans closed in May was 724. The chart below shows the distribution of FICO® Scores for all loans approved in May.

Bottom Line

If you are a prospective buyer who is 'ready' and  'willing' to act now, but you are not sure if you are ‘able’ to, let's sit down to help you understand your true options today.

 

Source.. KCM Ryan Ney Blog

 

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings. 

If you are moving to the Scottsdale area, I can assist you in collecting the information you need, and make your transition as smooth as possible. Feel free to contact me for any information. I love to assist people in relocating, and I’ve helped many people move to my area!   

Whether you are new to the market, thinking of moving up, or even an experienced investor, I have the expertise, the energy, the enthusiasm and the access to resources to help you achieve your goals.   

From Golf Course properties, Gated Communities, Homes with pools, Horse properties and new construction, Give me a call and let's get started    

Call Ryan now at 480–332–5659

 

 

June 18, 2018

DC Ranch Homes For Sale | How A Lack of Inventory Impacts the Housing Market

DC Ranch Homes For Sale | How A Lack of Inventory Impacts the Housing Market

 

Did you know that in the DC Ranch community you'll find a variety of architectural home-styles from single family, attached, luxury rentals, custom homes and home sites.    

DC Ranch has slowly transformed over the last few years. DC Ranch is connected by miles of winding paths and trails that take you anywhere on the ranch including the community center, private golf course and country club, retail site, schools and much more. All neighborhoods are connected by a system of paths and trails which allow you to go virtually anywhere in the community without crossing a major street.   

If you are looking just for the right property in DC Ranch today, I would be happy to consult with you and bring you my experience and expertise in the DC Ranch Community to help you make the right the decision    

Today I would like to speak to you about  How A Lack of Inventory Impacts the Housing Market

 

The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. The market will continue to strengthen in 2018.

However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. Buyer demand naturally increases during the summer months, but supply is not keeping up.

 

Here are the thoughts of a few industry experts on the subject:

Lawrence Yun, Chief Economist at National Association of Realtors

“The worsening inventory crunch through the first three months of the year inflicted even more upward pressure on home prices in a majority of markets. Following the same trend over the last couple of years, a strengthening job market and income gains are not being met by meaningful sales gains because of unrelenting supply and affordability headwinds.”

 

Sam Khater, Chief Economist for Freddie Mac

“As we head into late spring, the demand for purchase credit remains rock solid, which should set us up for another robust summer home sales season. While this year's high rates – up 50 basic points from a year ago – have put pressure on the budgets of some home shoppers, weak inventory levels are what's keeping the housing market from a stronger sales pace.”

 

Javier Vivas, Director of Economic Research for Realtor.com

“The dynamics of increased competition and buyer frustration are unlikely to change…In fact, the direction of the trend is pointing to a growing mismatch between the pool of prospective buyers and existing inventory.”

 

Bottom Line

If you are thinking of selling, now may be the time. Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price.

 

Source.. KCM Ryan Ney Blog

 

See something that interests you around La Strada in DC Ranch? 

How about Ironwood Village, Pima Acres and Sera Brisa. . we can guide you through the area and then find the best properties available for sale. We also have more information about Windgate Ranch.

Need help? Contact Us anytime to schedule a private showing for any property in DC Ranch. Or search our website www.realscottsdalehomes.com to find more information on the community of DC Ranch and all Scottsdale area real estate. 

Ryan Ney Real Estate 

of My Home Group

DC Ranch Specialist 

Ph: (480) 332–5659 

 

 

Posted in Dc Ranch
June 11, 2018

Scottsdale New Construction | Days on The Market Drops to New Low in April

Scottsdale New Construction | Days on The Market Drops to New Low in April

 

The process of buying a brand new home in Scottsdale Arizona takes place over a long period of time and in several stages. Whether you are choosing a new house in a Scottsdale neighborhood or prefer a custom home built by a home-builder, the most important step is to make a decision who you want representing you to make an intelligent choice.  

You'll need guidance to find all the options available in the area from “ALL” available home-builders. You'll need to take some time deciding on your priorities — what you want in a home? where you want to live? and how much you want to spend?  

This is the reason my services consist on exploring what's currently available among the properties that builders need to sell. I bring you the options of what is currently available from “ALL” the builders (not just one), what will be released and available soon?…what are the best builder incentives..etc.   

Whether you are new to the new construction real estate market in Scottsdale or you are just relocating to this area…I have the expertise, the energy, the enthusiasm and the access to resources to help you achieve your goals.  

Today, I would like to talk to you about Days on The Market Drops to New Low in April

 

According to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent on the market hit a new low of 26 days in April, as 57% of homes were on the market for under a month.

NARs Chief Economist, Lawrence Yun, had this to say,

“What is available for sale is going under contract at a rapid pace. Since NAR began tracking this data in May 2011, the median days a listing was on the market was at an all-time low in April, and the share of homes sold in less than a month was at an all-time high.”

Strong buyer demand, a good economy, and a low inventory of new and existing homes for sale created the perfect storm to accelerate the time between listing and signing a contract.

The chart below shows the median days on the market from April 2017 to April 2018:

Bottom Line

If you are a homeowner who is debating whether or not to list your home for sale, know that national market conditions are primed for a quick turnaround! Let's get together to discuss exactly what's going on in our area, today!

 

Source.. KCM Ryan Ney Blog

 

I am always available to offer you personal, one-on-one help with what some say is the biggest decision you will make in your life. If you have any questions, please don't hesitate to call Ryan M. Ney @ 480–332–5659  

Start searching for new construction homes in Scottsdale Arizona HERE*  

 

 

June 4, 2018

Scottsdale Homes For Sale | 4 Reasons Why Summer Is a Great Time to Buy a Home!

Scottsdale Homes For Sale | 4 Reasons Why Summer Is a Great Time to Buy a Home!

 

So, you find yourself looking for a real estate agent as you are ready to buy a home, sell a home or perhaps both…  

When it comes to Scottsdale Real Estate and the vast amount of choices offered from many venues. It is wise to take your time and take your home search seriously     

Did you know that the real estate agent you choose could make or break things for you? Did you also know that the professional that you choose to help you during the process of buying or selling your next home should be done with caution or it could cost you thousands of dollars?     

I offer my services in the Scottsdale Real Estate to the public because I excel in my ability to understand your needs, translate them into reality and to do so with the minimum of angst ...and for that reason, I believe I’m the right person for you.     

Today, I want to address something that may be very important to you, it is about 4 Reasons Why Summer Is a Great Time to Buy a Home!

 

Here are four great reasons to consider buying a home today instead of waiting.

 

1. Prices Will Continue to Rise

CoreLogic's latest Home Price Insights reports that home prices have appreciated by 7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.2% over the next year.

Home values will continue to appreciate for years. Waiting no longer makes sense.

 

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac's Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have increased by half a percentage point already in 2018 to around 4.5%. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison, projecting that rates will increase by nearly a full percentage point by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

 

3. Either Way, You Are Paying a Mortgage

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord's.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

 

4. It's Time to Move on with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren't? Would you wait?

Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over renovations, maybe now is the time to buy.

 

Source.. KCM Ryan Ney Blog

 

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings. 

If you are moving to the Scottsdale area, I can assist you in collecting the information you need, and make your transition as smooth as possible. Feel free to contact me for any information. I love to assist people in relocating, and I’ve helped many people move to my area!   

Whether you are new to the market, thinking of moving up, or even an experienced investor, I have the expertise, the energy, the enthusiasm and the access to resources to help you achieve your goals.   

From Golf Course properties, Gated Communities, Homes with pools, Horse properties and new construction, Give me a call and let's get started    

Call Ryan now at 480–332–5659

 

 

May 21, 2018

DC Ranch Homes For Sale | Don’t Wait to Sell Your House! Buyers Are Out Now

DC Ranch Homes For Sale | Don't Wait to Sell Your House! Buyers Are Out Now

 

Did you know that in the DC Ranch community you’ll find a variety of architectural home-styles from single family, attached, luxury rentals, custom homes and home sites.    

DC Ranch has slowly transformed over the last few years. DC Ranch is connected by miles of winding paths and trails that take you anywhere on the ranch including the community center, private golf course and country club, retail site, schools and much more. All neighborhoods are connected by a system of paths and trails which allow you to go virtually anywhere in the community without crossing a major street.   

If you are looking just for the right property in DC Ranch today, I would be happy to consult with you and bring you my experience and expertise in the DC Ranch Community to help you make the right the decision    

Today I would like to speak to you about  Don't Wait to Sell Your House! Buyers Are Out Now

 

Recently released data from the National Association of Realtors (NAR) suggests that now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best price for an item is realized when the supply of that item is low and the demand for that item is high.

Let's see how this applies to the current residential real estate market.

SUPPLY

It is no secret that the supply of homes for sale has been far below the number needed to sustain a normal market for over a year at this point. A normal market requires six months of housing inventory to meet the demand. The latest report from NAR revealed that there is currently only a 3.6-month supply of houses on the market.

Supply is currently very low!

DEMAND

A report that was just released tells us that demand is very strong. The most recent Foot Traffic Report (which sheds light on the number of buyers who are actually out looking at homes) disclosed that “foot traffic grew 10.5 points to 52.4 in March as the new season approaches.”

Demand is currently very high!

 

Bottom Line

Waiting to sell will only increase the competition between you and all of the other sellers putting their houses on the market later this summer. If you are debating whether or not to list your home, let’s get together to discuss the conditions in our market.

 

Source.. KCM Ryan Ney Blog

 

See something that interests you around La Strada in DC Ranch? 

How about Ironwood Village, Pima Acres and Sera Brisa. . we can guide you through the area and then find the best properties available for sale. We also have more information about Windgate Ranch.

Need help? Contact Us anytime to schedule a private showing for any property in DC Ranch. Or search our website www.realscottsdalehomes.com to find more information on the community of DC Ranch and all Scottsdale area real estate. 

Ryan Ney Real Estate 

of My Home Group

DC Ranch Specialist 

Ph: (480) 332–5659 

 

 

Posted in Dc Ranch
May 14, 2018

Scottsdale New Construction | Homeownership: “A Man Is Not a Complete Man, Unless He Owns a House”

Scottsdale New Construction | Homeownership: “A Man Is Not a Complete Man, Unless He Owns a House”

 

The process of buying a brand new home in Scottsdale Arizona takes place over a long period of time and in several stages. Whether you are choosing a new house in a Scottsdale neighborhood or prefer a custom home built by a home-builder, the most important step is to make a decision who you want representing you to make an intelligent choice.  

You'll need guidance to find all the options available in the area from “ALL” available home-builders. You'll need to take some time deciding on your priorities — what you want in a home? where you want to live? and how much you want to spend?  

This is the reason my services consist on exploring what's currently available among the properties that builders need to sell. I bring you the options of what is currently available from “ALL” the builders (not just one), what will be released and available soon?…what are the best builder incentives..etc.   

Whether you are new to the new construction real estate market in Scottsdale or you are just relocating to this area…I have the expertise, the energy, the enthusiasm and the access to resources to help you achieve your goals.  

Today, I would like to talk to you about Homeownership: “A Man Is Not a Complete Man, Unless He Owns a House”

 

The famous quote by Walt Whitman, “A man is not a whole and complete man, unless he owns a house and the ground it stands on,” can be used to describe homeownership in America today. The Census revealed that the percentage of homeowners in America has been steadily climbing back up since hitting a 50-year low in 2016. The homeownership rate in the first quarter of 2018 was 64.2%, higher than last year's 63.6%.

Chief Economist, Dr. Ralph McLaughlin, in his VUE Blog gave these new homeownership numbers some context:

“The trend is clear: the homeownership rate has been ticking up for five consecutive quarters, and the number of new renter households has fallen for four consecutive quarters. Owner-occupied households grew by 1.345 million from a year ago, while the number of renters actually fell by 286,000 households.

The fact that we now have four consecutive quarters where owner households increased while renter households fell is a strong sign households are making a switch from renting to buying. This is a trend that multifamily builders, investors, and landlords should take note of.”

In a separate article comparing the rental population in America to the homeowner population, Realtor.com also concluded that the gap is now shrinking:

“The U.S. added 1.3 million owner households over the last year and lost 286,000 renter households, the fourth consecutive quarter in which the number of renter households declined from the same quarter a year earlier. That could pose challenges for apartment landlords, who are bracing this year for one of the largest infusions of new rental supply in three decades.”

America's belief in homeownership was also evidenced in a survey conducted by Pew Research. They asked consumers “How important is homeownership to achieving the American Dream?”

The results:

 

 * 43% said homeownership was essential to the American Dream

 * 48% said homeownership was important to the American Dream

 * Only 9% said it was not important

 

Bottom Line

Homeownership has been, is, and always will be a crucial part of the American Dream.

 

Source.. KCM Ryan Ney Blog

 

I am always available to offer you personal, one-on-one help with what some say is the biggest decision you will make in your life. If you have any questions, please don’t hesitate to call Ryan M. Ney @ 480–332–5659  

Start searching for new construction homes in Scottsdale Arizona HERE*  

 

 

May 7, 2018

Scottsdale Homes For Sale | What If I Wait Until Next Year to Buy a Home?

Scottsdale Homes For Sale | What If I Wait Until Next Year to Buy a Home?

 

So, you find yourself looking for a real estate agent as you are ready to buy a home, sell a home or perhaps both…  

When it comes to Scottsdale Real Estate and the vast amount of choices offered from many venues. It is wise to take your time and take your home search seriously     

Did you know that the real estate agent you choose could make or break things for you? Did you also know that the professional that you choose to help you during the process of buying or selling your next home should be done with caution or it could cost you thousands of dollars?     

I offer my services in the Scottsdale Real Estate to the public because I excel in my ability to understand your needs, translate them into reality and to do so with the minimum of angst ...and for that reason, I believe I’m the right person for you.     

Today, I want to address something that may be very important to you, it is about What If I Wait Until Next Year to Buy a Home?

 

We recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market.

As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price, but instead about the ‘long-term cost’ of the home.

The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year. According to CoreLogic’s most recent Home Price Index Report, home prices will appreciate by 5.2% over the next 12 months.

 

What Does This Mean as a Buyer?

If home prices appreciate by 5.2% over the next twelve months as predicted by CoreLogic, here is a simple demonstration of the impact that an increase in interest rate would have on the mortgage payment of a home selling for approximately $250,000 today:

Bottom Line

If buying a home is in your plan for this year, doing it sooner rather than later could save you thousands of dollars over the terms of your loan.

 

Source.. KCM Ryan Ney Blog

 

If you are moving to the Scottsdale area, I can assist you in collecting the information you need, and make your transition as smooth as possible. Feel free to contact me for any information. I love to assist people in relocating, and I’ve helped many people move to my area!   

Whether you are new to the market, thinking of moving up, or even an experienced investor, I have the expertise, the energy, the enthusiasm and the access to resources to help you achieve your goals.   

From Golf Course properties, Gated Communities, Homes with pools, Horse properties and new construction, Give me a call and let’s get started    

Call Ryan now at 480–332–5659