Metro Phoenix Housing Market News

Homes-for-Sale-Vacaville

According to W.P. Carey School of Business at Arizona State University the Phoenix housing market is unlikely to see a significant boost until next year. They do expect small gains the month of December but nothing significant.

The median single-family-home price went up 5 percent from last September to this September – from $198,997 to $209,900, the report states. However, the report says the median increases happened primarily because fewer sales are now clustered at the lower end of the market, with fewer foreclosures and short sales available.

However the rental home market is red hot, short term vacation rentals and long term rentals are on the rise. Phoenix metro area has a high turnover and a constrained supply of rental homes available. The Phoenix area has already seen a 5.7 percent boost in rents over the past 12 months, the report states.

Construction permits to build new multi-family housing to meet the demand are also on a strong upward trend.

A breakdown of home sales prices

METRO PHOENIX HOME SALES MEDIAN SALES PRICE, SEPT. 2014 MEDIAN PRICE, SEPT. 2013 PERCENT CHANGE
New-home sales $298,396 $279,182 + 6.9%
Normal resales $206,250 $200,000 + 3.1%
Investor flips $177,300 $175,000 + 1.3%
Short sales, preforeclosures $160,000 $144,000 + 11.1%
All sales $209,000 $198,997 +5.5%

 

5 Reasons To Consider Investing in Land

5 Acres of Beautiful Vacant Land For Sale by The Partners Team

The most common reason people buy land is to build on it. Whether you want a home, a business, an industrial park or a farm the possibilities are almost endless. Having your own land means you can build exactly what you want and how you want it. Every detail can be to your specifications: size, shape, position, you name it (of course you need to make sure to follow zoning laws). Studies have shown that development can possibly increase your property’s value by tenfold depending on what you build.

Not everyone wants to build on vacant land though, some just buy land and let it sit. Why? Buying land can represent a long-term prime investment, that’s why! Here are five good reasons to consider investing in land.

  1. They are not making any more of it.
    Land is a very valuable resource with only limited qualities available, since the US population is growing and changing rapidly. When land is purchased in an area that is continual growing, everyone will want to get a piece of it!
  2. When it comes to vacant land, you have to do nothing!
    There’s no need to run back and forth between your local home improvement stores. No renovations or upgrades are required! The only thing you will need to do, is make sure that your land is suitable for building. If you decide you want to build, or sell your land to someone who does, you will need to know that builders are capable of doing so on your land.
  3. Land is NOT a hands-on investment.
    There’s no repairs to deal with, no tenants or property management companies. Vacant land will not need any emergency repairs. Land just sits and nothing happens, so there is less stress and headache to deal with.
  4. Land can be a long term investment and is inexpensive to own.
    When finding cheap land there are no mortgages to pay and no utility costs. Property taxes are very cheap in most cases and if property insurance is needed, it’s extremely cheap as well.
  5. Owning land is stress free!
    Owning land gives an owner peace of mind knowing that it is an asset that will not depreciate! Nothing can get stolen, broken or destroyed, which again means no money comes out of your pocket! Investing in land will put money in your pockets though if done right!


Land offered for sale by The Partners Team is located on our map above, click the teal mountains for more info.  If you’re interested in learning more about the land we have available please call Polly Brown at 623-544-8577.

 

3 Bedroom Sun City Grand Home For Sale in 85374

16405 W Chaparral Lane Surprise Arizona 85374

Absolutely Stunning! This 2,282 square foot home in Sun City Grand is luxury at its best. It boasts 3 bedrooms, 1.75 baths and a much sought after 3-car garage. This gorgeous home is beautifully appointed, located on an open, oversized lot. Enjoy gathering in the updated kitchen. With breakfast bar and eat-in kitchen, there is room for everyone! The kitchen has granite countertops, tile backsplash, maple cabinets and upgraded vegetable sink. The whole house has an R/O system. Solar panels keep utility bills low! The garage has an acrylic chip seal floor for durability. Relax and enjoy the Arizona afternoons on this expansive patio. Designer touches throughout make this home a must see. Proof of Funds or Pre-Qualification, Agency Disclosure must be submitted with all offers. Call Diane Barnes or Polly Brown for a private showing. 623-544-8577

Click Here to View a Virtual Tour of This Home!

If you think this home is spectacular you’ll be glad to know that the area is astonishing as well! Sun City Grand is home to four Billy Casper and Greg Nash signature golf courses. Cimarron golf course happens to be one of the more challenging courses. The other signature courses are Desert Springs, Granite Falls North, and Granite Falls South. All of Sun City Grand’s golf courses are full service courses that offer driving ranges, food and beverage service, as well as full service golf shops.

If golf is not something you’re interested in, there is plenty more Sun City Grand has to offer. Residents have many amenities to choose from. There are spas, two fully equipped fitness centers, five sparkling swimming pools, many tennis courts, a softball field, over 40 special activity clubs and so much more! If you’re feeling hungry there’s two full menu restaurants and many more eateries within the Sun City Grand/Surprise area.

Rest assured knowing there are many shopping centers, doctor’s offices, banks, gas stations and much more in the surrounding area. If you have any questions about any of the homes we have listed in Sun City Grand or surrounding areas please contact us at 623-544-8577.

Important Things to Check When Buying a Home

Important Things to Check When Buying a Home

Buying a home is exciting…but it can be overwhelming as well! Through all the excitement and necessary steps towards closing on your new home, you may not be focusing on the little things. Some of these “little” things can cause big problems and cost big money.  Here’s some helpful tips to remember while you’re house hunting.

    • Turn On The Air Conditioner/Heater: As we all know Arizona gets hot! When the triple digits are upon us, you do not want to find out your A/C only blows hot air! Make sure to turn on the A/C to ensure it works properly and blows cold air. Make sure the heater blows warm air as well. Making sure your air conditioner and heater work sufficiently before closing, can save you thousands of dollars.
    • Open The Electrical Box: Locate the homes electrical panel, open it and inspect it for any loose wires. A good electrical box should be labeled properly with no disconnected or loose wires. If you notice loose, disconnected wires or a mess of wires you might find bigger problems. There could be an electrical short or a live wire somewhere within the home.
    • Check All Drains: Checking all drains to ensure there’s no severe blockage along your pipes is beneficial. Not only do little kids like testing out toilets, by seeing how many times their toy will go round before it disappears, trees and roots can cause big problems. Though plumbers are available, you can save yourself time and money by knowing they drain adequately. When checking the kitchen drain, check for a disposal and ensure it works as well.
    • Turn On Faucets: Faucets are not an expensive item to replace, but laying under a sink in a cabinet isn’t much fun! Checking that all faucets work properly saves time and your back!
    • Taste The Water: If you do not plan on adding a reverse osmosis, purifying or water filtering system, you will want to make sure that your water tastes good. Though your city might offer great water, your pipes may add a little extra flavor. If your water is not as refreshing as you hoped, at least you’ll know what added costs will be needed to get that thirst quenching water!
    • Flush The Toilets: Toilets that flush properly, are toilets that are doing their job right!
    • Open All The Windows: You’ll want to make sure the windows open properly and are not stuck or broken. Replacing windows is not cheap or fun!
    • Pull Back The Carpet: Find a corner and pull back a corner of carpet to inspect the floors underneath. Though mold and mildew isn’t a huge problem here in Arizona it’s still a good idea to check for it. You can also find out if hardwood floors are hidden under there.
    • Open Garage Doors: Garage repairs can cost only a few dollars to hundreds of dollars depending on what is wrong. Having to buy batteries for a remote is no big deal, having to spend hundreds for a full replacement is a big deal! Save yourself the trouble by making sure the home’s garage goes up and down with no issues.
    • Talk To Neighbors: It’s always a good idea to briefly meet with neighbors. Not only will you find out if your neighbor is a total grump, you can learn more about the home and area. Though your Realtor knows the area you’re looking at, finding out info about the home and area firsthand is always great idea.

Even though you will most likely want to make small cosmetic changes to your home, it’s always best avoiding costly repairs. By avoiding costly repairs, you’ll have more money in your pocket for that new chandelier that would be absolutely beautiful hanging in the entryway to your new home!

Have any tips you would like to share, please leave us a comment!

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

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)

 

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.
 
 
 

2 Bedroom Sun City Golf Home for Sale

Sun City West is a Del Webb gem! As one of the original Master Planned Active Adult Communities, you’ll find spacious Homes for Sale in Sun City West. Located in the Northwestern part of Phoenix and Surprise area’s, Sun City West Homes are an attractive destination for the retiring individuals that are looking to now enjoy life and the amenities of this Master Planned Retirement Community. Here is a 2 Bedroom Home for Sale in Sun City West that’s ready for you to buy!

Contact Diane Barnes or Polly Brown with The Partners Team at ReMax Professionals in Sun City Arizona, Call 623-544-5788

Are you Nearing Retirement? Three Reasons Why You Might Consider a ‘Reverse Mortgage’

Reverse Mortgage, Active Adults RetirementIf you are nearing retirement, a reverse mortgage might be right for you. This type of mortgage essentially allows you to turn your home equity into cash. If you find yourself with little money, a reverse mortgage could be the perfect solution, and here’s why.

No Worries About Monthly Payments

After taking on a mortgage, there are many costs that you have to worry about. One of these problems is mortgage insurance premiums. Add interest and fees from lender service providers to the mix, and you’ve got yourself many costs.

All of these fees can create tremendous headaches, as a large chunk of the loan amount goes into covering these costs.

When you undertake a reverse mortgage, you don’t have to worry about any of that. The loan is paid back with home equity, not ongoing cash flow, so monthly payments aren’t a worry.

Your Income Won’t Affect Your Eligibility, And The Income You’ll Get Won’t Create Problems

If the reason you’re hoping to get a reverse mortgage is your low income, the last thing you want is that income to be the deciding factor. With this type of loan, it’s not an issue. That’s because the thing that determines eligibility is your house’s value.

In fact, the income you’ll be getting from this loan is not taxable, which means you’ll be able to keep it in full. Plus, any benefits you get from Medicare will not be affected, and neither will your Social Security.

As such, what you’ll be getting is a loan that doesn’t take into account your current income. Rather, it adds on to it, without creating any issues for you. Plus, you’ll be able to get the money in several different ways, which means you’re in control.

Lastly, the money you get is fully yours. That means that you can use it for anything you want, whether that means you’ll be paying off other loans, or simply funding your day-to-day needs.

You Won’t Be Taken Away From Your Home

Your house is yours because it feels that way. It’s the place in which you’ve invested money and effort. It’s also the place where many loved memories were created, and where they’ll keep on being created.

One of the hardest things for the elderly is being removed from their loved homes and placed into care. They have to leave the place they’ve grown to love. Worse than that, they’re thrown into a world they don’t know.

With a reverse mortgage, this doesn’t need to happen. With this type of loan, you get additional income, and you get to stay in your own house.

Not only that, but you’re also keeping the title to that place until you move, pass away, or reach the end of the loan’s term. Your home will stay yours, both effectively and in the documents.

There are many more reasons why a reverse mortgage is a great idea. However, the fact that you’re in complete control of the income you’ll be getting is one of the most important things.

If you’d like to learn more about reverse mortgages, be sure to contact your mortgage professional. Call the Partners Team at 623-544-5788

3 Bedroom Glendale Home for Sale in Villa Contessa near Arroyo Elementary School, Cholla Park, Glendale Community College

This Homes for Sale in Glendale AZ. 3 Bedroom Glendale Home for Sale in Villa Contessa near Arroyo Elementary School, Cholla Park, Glendale Community College, Metro Center Black Canyon Freeway West Campus of Arizona State University. This Home is ready for New Home-Owner! Call Polly or Diane at 623-544-8577 or E-Mail The Partners Team