Market Report For Sun City Arizona

Average price per square foot for Sun City AZ was $79, an increase of 3.9% compared to the same period last year. The Median Sales Price for Homes in Sun City AZ for May 14 to Aug 14 was $115,000 based on 456 home sales. Compared to the same period one year ago, the Median Home Sales Price increased 0%, or $0, and the number of home sales decreased 13%. There are currently 473 Resale and New Homes in Sun City, including 1 open house, as well as 196 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for Homes for Sale in Sun City AZ was $150,579 for the month ending August 2014, which represents an increase of 2.7%, or $3,913.

Market Report fpr Sun City

Sun City Festival is a Big Pickleball Community?

Want to hear a secret? The game of Pickleball has become increasingly popular recently amongst the baby boomer and actually is competing against golf as a favorite pastime here in Arizona. But did you know that Sun City Festival is a pickleball community? If fact, our lovely community even offers several pickleball clubs including the SCF Pickleball Club.

Festival has a top notch pickleball facilities, Sun City Festival was recently the host of the 2013 USAPA National Tournament as well as the five past national tournaments.

This sport of Pickleball  is not only gaining traction amongst the new baby boomers retiring, but younger generations are getting into is as well, making it a great activity to enjoy with the whole family. So if you’re looking to purchase a New Home for Sale in an Arizona Active Adult pickleball community, then you will definitely want to check out Sun City Festival Homes for Sale.

Click here to browse all homes for sale in Sun City Festival.

For more information on Sun City Festival Homes for Sale or amenities like pickleball, feel free to call Dian Barnes or Polly Brown at ReMax Professionals and ask for The Partners Team, 623-544-8577

Sun City Grand 2 Bedroom Home for Sale in 85347

Sun City Grand 2 Bedroom Home for SaleThis 2 bedroom 1.75 bath Home for Sale in Sun City Grand Arizona. Impressive tile reception hall welcomes friends and family. The stone-trimmed tile runs throughout the home in hallways, kitchen, bathrooms and family room. The bedrooms are cozy with a luxurious, neutral carpet. Enjoy the Open Kitchen with a huge Island, Granite counter-tops and pendant lighting. The contemporary Italian tile backsplash really makes a statement in this kitchen. Wood shutters throughout add charm to every room. Built-in cabinets provide tons of storage in garage. The bathrooms are updated with stylish fixtures and mirrors. This Sun City Grand 2 Bedroom Home in 85347 is ready to move into! To See More! Call Diane Barnes or Polly Brown for a Private Showing! 623-544-8577

How to Calm Your Nerves Before Committing to Buy a New Home

buyingWhether this is your first big purchase, or your family is moving to a new location or looking for more space, buying a home has its share of ups and downs.

It’s perfectly normal to feel anxious about whether or not you’ve found the right property. Here are some things you can do to make yourself feel more secure with your decision.

Do The Math

You’ve probably already done this, but it’s okay to go over it a number of times to be sure. Factor in your household income and all the bills you expect to pay every month. Add everything up.

It sounds like a stressful activity, but when you look at the numbers and realize that buying a home is actually doable, it can be a liberating feeling.

When you know for sure you can make it as a homeowner without getting underwater, you will feel more confident.

Meet The Neighbors

If you haven’t had the chance to knock on a couple of doors yet, you should spend some time saying hello to people in the neighborhood.

The more you can get to talking with families that are just like yours, the more you will be able to picture yourself as a member of the community. If you have kids, find out if there are other kids the same age nearby. That will help to ease their anxiety about moving as well.

Ask Your Agent

Don’t feel like you are being overly cautious if you ask your real estate agent your lingering questions. Make sure you’re getting a good price for the area, and make sure you know about any issues with the condition of the property. You should be able to trust that they’re excited for your decision, not just for making the sale.

Familiarize Yourself With The Neighborhood

Take a drive and figure out which stores you’re nearest to, the route you can take to get to work, and which other amenities you might take advantage of. Home buyers often underestimate how important living in a safe neighborhood with plenty of accessible businesses can be. The more you can imagine yourself living at your new address, the better you will feel.

Remember, never sign the papers on a new home unless you feel one hundred percent secure in your buying decision. If you need more answers, pick up the phone and call a real estate agent you can trust and who can walk you through every step of the process. For more information, contact The Partners Team of ReMax Professionals in Sun City AZ

Sellers Checklist! What to do Before the Move?

Moving Check List As we know, moving is always a challenge to assure that you have thought of everything prior to the move. You’re excited about the move, you’re nervous that you might have forgotten something, wondering if you received a good deal for the new home.

By using The Partners Team, Diane and Polly have already thought of all the important steps you must cover when contemplating a move. These step are crucial to accomplishing during this stage of the sell of your home. Please take a copy of them and create your checklist when your ready to begin that big move! Visit The Partners Team “Seller Check List” as well.

Moving checklist free download (for personal use only)

After clicking on the links below, save the image to your computer and then print it out on card stock paper with a color printer.

Download page ONE

Download page TWO

Download page THREE (make your own check list)

 

Understanding the ‘Option Period’ and What This Term Means for You as a Buyer

Option PeriodWhen you’re in the process of the sale of real estate, a certain amount of time might be allotted after a contract is created but before the transaction is finalized. During this time period, the buyer may decide to opt out of the deal set forth in the contract. This would be what’s known as the ‘option period’! This allows buyers to have a property inspected and its value ascertained without the risk of losing the property to another buyer.

What Happens When The Option Period Takes Place

In Most cases,  a buyer must pay an option fee in order to be able to enjoy the luxury of an option period. During the option period, property inspections are typically carried out on the property in question so that the buyer can be sure that the proposed offer is appropriate.

The nonrefundable option fee that the buyer pays the seller (so that the seller agrees not to follow through on any transaction with another prospective buyer) compensates the seller for the time during which the property is off of the market.

Differences Between Various States

It is not always possible for a buyer to have an option period during which he or she can finalize plans to make a purchase on a property. Regulations and procedures between different states vary significantly.

Associated Expenses

The particular laws applicable where a sale takes place will often dictate how much a buyer needs to pay to the seller in option fee charges. For example, the option fee is usually no greater than 1 percent of the sale price of the home. The option fee is normally applied to the transaction at escrow closing in the event that the buyer decides to proceed with the sale.

Buyers who decide not to purchase a property after the option period has already begun will usually be responsible for paying the option fee to compensate the buyer for lost time. However, the buyer will be under no further contractual obligations.

If you have questions on the processes and regulations involved in a real estate transaction, contact Polly Brown or Diane Barnes with The Partners Team of ReMax Professionals in Sun City Arizona.

Three Items to Watch out for in a Purchase Agreement Contract

The purchase agreement is a vitally important document that outlines the provisions, terms and conditions for the transfer of property.

It should be read carefully and any ambiguities should be clarified prior to signing. It is a legally binding contract between the buyer and seller.

The purchase agreement may vary depending on the location. Most real estate agents use a form that has been approved by a state Realtors® Association.

The seller may have a different version that was drawn up by an attorney. It should not be assumed that they are all the same.

Typically, the purchase agreement will include an inspection period. This allows the buyer time to verify the conditions stated on the purchase agreement. Three of the most important stipulations in the contract are listed below.

All Owners Must Sign the Purchase Agreement

In most cases, the purchase agreement should be signed by the legal owner of the property.

If there is more than one owner, each owner should sign the agreement. In many states, both parties in a married couple have an interest in a property even if the title is held in one party’s name alone. Therefore, the purchase agreement should be signed by both parties of a married couple.

In the event the property is being sold by a corporation, verify that the person signing the agreement is authorized to commit the corporation to the sale.

List All Fixtures to be Transferred with the Sale

The purchase agreement should list all items that are to convey with the property. “Fixtures” are considered items that are attached to the property.

Legally, they should be included with the sale, but more than a few buyers have been dismayed to find the property stripped of counter-tops, appliances and window coverings. Any fixtures and personal property that are part of the sale should be included in the purchase agreement.

Verify Zoning Ordinances

The purchase agreement may contain various stipulations. One should include the right to cancel the contract if zoning prohibits the use of the property as planned.

Zoning ordinances may restrict the use of buildings or land. This may prove to be an obstacle for someone who intended to include a workshop on the property. The buyer should be able to withdraw from the contract if they discover that zoning prohibits the intended use.

Corte Bella Real Estate- The Partners Team with ReMax Professionals

Corte Bella Real Estate The Partners Team ReMax Daine and Polly Introducing Corte Bella, this area is designated an active adult community. All the amenities  and services are established for the active retired resident of Corte Bella Real Estate. Corte Bella Master Planned Communities also will cater to those precious grandchildren with parks and amenities catering to them of course.
The Community of Corte Bella is located in a Private Gated Community just north of Sun City West. Corte Bella Real Estate features Tree-lined streets, walking paths, small neighborhood enclaves, water fountains, and courtyards will be community hallmark throughout. If you’re looking for a Golf Community? Corte Bella is a golfers dream! It including a full practice area, a tee box strictly for private lessons and complete driving range. Corte Bella Golf Club features a Full Service Golf Clubhouse with a 5000 sq. ft. pro shop and lounge which features a bar and fire place overlooking the 18th hole at Corte Bella Golf Club.
For the fitness enthusiast, the state of the art, first class fitness Center and spa features  weight training, dance, or aerobics. The spa includes indoor therapy tubs, dry saunas, treatment rooms, and private sun patios. Outdoors, you can enjoy a temperature control lap pool, along with a resort style heated pool or play a game of tennis.
As a resident of Corte Bella Country Club Homeowners Association, the fees cover the maintenance of all common areas, streets and amenities. Come see Single Family Corte Bella Homes for Sale with Diane and/or Polly with The Partners Team.
 
 
 

Deferred Interest and Interest Only Loans Gain Momentum

Deferred InterestsInterest-only and deferred-interest mortgages are gaining increasing popularity, as homeowners like the idea of having the freedom to decide how much to pay against their mortgage each month. Interest-only loans offer you the option to pay only the monthly interest, or you can pay the monthly interest and as much of the principal as you’d like. Deferred-interest mortgages give you even more choices. In addition to the payment options of an interest-only mortgage, a deferred-interest loan also allows you to pay just a portion of the interest payment each month (the unpaid interest would then be added to your principal loan balance).

By opting for an interest-only payment or a deferred-interest payment, your monthly mortgage payment is less — often times, significantly less — than it would be if you made a “conventional” interest plus principal payment. You gain the freedom to do with your available cash as you choose.

To help you decide how much home you can afford, it’s smart to think in terms of an interest plus principal payment each month. If you can only afford the minimum payment on your mortgage, you may be overextending yourself. Having a choice to pay only the minimum is quite different than only being able to afford the minimum.

Is an interest-only or deferred-payment mortgage right for you? If any of the following situations apply to you, these loans may be just what you’ve been waiting for:

  • If you need cash flow and have a low interest rate, paying interest only is the same as borrowing money at a great rate.
  • If you’re paid on commission or depend on tips, and your income fluctuates month-to-month, interest-only or deferred-interest payments are great. When commissions are down, make the minimum payment. When you have an excellent month, pay the full payment or more.
  • If you invest the money you don’t put toward your mortgage in something with a higher rate of return. For example, if you pay 6.5 percent on your mortgage but find an opportunity to make an investment that returns 9 percent, you will make 2.5 percent on your money that you wouldn’t make if you had paid your full principal plus interest.
  • You have higher interest debt to pay off. Again, if you have credit card debt at 15 percent, it makes dollars and sense to pay that before mortgage interest debt at 6.5 percent.
  • If you expect to be in your home for less than 10 years.
  • If you live in an area with appreciating home values. Regardless of what you’ve heard, most of the country is still appreciating in value. In those areas, even if you pay mostly just interest on your home, you’re likely gaining equity in your home. In some cases, you can gain equity even with deferred-interest minimum payments.

Interest-only and deferred-interest loans can be great tools for money management. But, be careful not to stretch your budget too thin so that you have to rely on paying only the minimum payment each month. This can cause headaches down the road and isn’t recommended. If you can afford the full payment but choose to have the payment flexibility that these types of loans offer, they just might be a fit for your financial goals.

Three Mortgage Modification Scams to Watch out for (And How to Avoid Them)

As if homeowners who are facing foreclosure don’t have enough to worry about, a multitude of loan modification scam artists have invaded the internet, public files and even foreclosure notices in newspapers in hopes of targeting their next victim. By identifying the top three modification scams and learning how to avoid them, at-risk homeowners can protect themselves (and their homes).

Never Pay For Mortgage Modification Assistance

Many desperate homeowners fall victim to scam artists who offer to provide them with assistance in the loan modification process for an exorbitant fee. Many times the scam artist who promises to provide assistance will require that the homeowner pay the fee upfront, after which they will provide very little assistance or simply take the money and run. Consumers should be aware that assistance and counseling services are offered for free through a number of reputable HUD approved counseling agencies.

Avoid Transferring The Deed

One popular scam that at-risk homeowners often face is the property deed scam in which scam artists promise to purchase the home in question, agreeing to let the desperate homeowner rent it out. They suggest that turning over the deed to a borrower with a better credit rating will offer additional financing opportunities, thus preventing the loss of the home. The scammer often promises to sell the home back to the homeowner, but in reality has no intention of doing so.

Many times the scam artist will sell the home to another buyer. In some instances, the crook will collect any processing fees, take the title to the home and any equity, and then leave the home to default. It is a good idea for consumers who are approached with a property deed scam to report it to the FTC.

Ignore Unrealistic Promises

Mortgage modification scammers often make promises to do such things as negotiate a solution to the foreclosure more quickly, process mortgage payments for the consumer while the negotiation is being worked out, or even guarantee a loan modification. Since the actual lender is the only one who can agree to a loan modification, and this solution requires additional processing time, overnight fixes are almost always scams. Additionally, consumers should never make mortgage payments to anyone other than their lender.