Real estate blog entries tagged with azvhv heroes by Bill Salvatore - East Valley, Realtor - 602-999-0952 / em: golfArizona@cox.net (Arizona Elite Properties )

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azvhv heroes: What Is An FHA 203K Rehab Loan? - 03/11/23 05:57 AM

An FHA 203K rehab loan is a type of FHA mortgage loan that will allow you to finance the purchase and renovation of your home. The property is backed by the Federal Housing Administration (FHA), a part of the U.S. Department of Urban Development (HUD). The 203K loan helps borrowers finance the purchase of a home and make necessary renovations or repairs to the property.
What are the differences between Standard 203K and Limited 203K Rehab loans? The main difference between the Standard 203(k) loan and the Limited 203(k) loan is the scope of the renovations you can finance. The Standard … (7 comments)

azvhv heroes: Whispering Oaks Winery - 03/10/23 05:58 AM

When I am working with folks considering making The Villages, Florida home I always explain all The Villages has to offer but I don’t stop there. There is so much outside The Villages within an hour drive and one of the places is Whispering Oaks Winery located just 6 miles from The Villages. Whispering Oaks boast An Award Winning Healthier Wine Creating all natural wines with the freshest Florida blueberries. From their website:
“We create all natural, antioxidant rich wines from the freshest Florida blueberries which are arguably the healthiest fruit, with high antioxidant values. In some cases, blueberry wine … (4 comments)

azvhv heroes: My home, Gilbert Arizona, new homes hitting market for 10 March 2023 - 03/09/23 12:56 PM

Check out this link from our local Realtors + MLS, below for the newest homes to come on the market
Gilbert Arizona, homes for sale

YOUR Latest activity in the VALLEY of the SUN
For ALL your Valley AZ Real Estate Needs
PHONE Bill at 602-999-0952
Text Bill at 602-999-0952
Email Bill at billAZElite@cox.net
Read other YVP Blogs here
For more information, Call or Text: 602-999-0952
eMail: golfarizona@cox.net
Bill Salvatore / Arizona Elite Properties
Your Valley Property Team
Residential Sales, Marketing, and Property Management
Selling Arizona for more than 20 years
Founder: AZVHV … (4 comments)

azvhv heroes: Get Moving! How Home Sellers Are Making the Most of The Market - 03/09/23 12:35 PM

Get Moving! How Home Sellers Are Making the Most of The Market Posted by Bill Salvatore- Realtor March 26, 2023 Appraisals, Discounts, Home Selling Tips, Housing Market, Mortgage Rates, Real Estate IT WAS FUN WHILE IT LASTED
This is clearly the only way for home sellers to look at it. In the world of Real Estate, change is good. Just imagine what would happen to the market if our recent upsurge in home prices and extreme seller’s market had continued unchecked. Fantastic for home sellers you say? Not for long. Home buyers would disappear (this had already begun to happen) and the market would inevitably collapse. We’ve experienced … (4 comments)

azvhv heroes: Take me out to the ballgame / Spring training in Arizona March 11 2023 - 03/09/23 12:29 PM

This week Pam and I were fortunate to take in a Spring Training Game here in Arizona. The Cactus League brings in Million$ of tourist dollars to Arizona. Our sunshine and warm spring brings in those fans getting away from the COLD Northerners.

Did you know we help with second homes here? So, you can spend the entire Spring Season here in Sunny Arizona!

YOUR Latest activity in the VALLEY of the SUN
For ALL your Valley AZ Real Estate Needs
PHONE Bill at 602-999-0952
Text Bill at 602-999-0952
Email Bill at billAZElite@cox.net
Read other YVP … (11 comments)

azvhv heroes: What You Should Know About Rising Mortgage Rates - 03/09/23 12:11 PM

After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold off on your search until rates come back down.

The recent uptick in rates has been driven by what’s happening with inflation. Joel Kan, Vice President and Deputy Chief Economist at the Mortgage Bankers Association (MBA), explains:

“Mortgage rates increased across the board last week, … (5 comments)

azvhv heroes: Great News! Affordable Homeownership Just Got Even More Affordable - 03/09/23 12:06 PM

Great News! Affordable Homeownership Just Got Even More Affordable Posted by Bill Salvatore- RealtorMarch 19 , 2023 Breaking News, Buying a Home, First Time Home Buyers, Home Prices, Mortgage and Finance, Queen Creek, Real Estate A Big Break for Home Buyers
In light of current real estate market conditions and FHA’s recent announcement, this is one of those rare occasions when the question is “do you want the good news… or the great news?”
I’ll make your choice really easy, the great news first- if you’re considering applying for an FHA mortgage loan to buy your next home, the FHA required MIP (Annual Mortgage Insurance Premium) has been reduced … (6 comments)

azvhv heroes: A Smaller Home Could Be Your Best Option - 03/09/23 12:01 PM

Many people are reaching the point in their lives when they need to decide where they want to live when they retire. If you’re a homeowner approaching this stage, you have several options to explore. Jessica Lautz, Deputy Chief Economist and Vice President of Research at the National Association of Realtors (NAR), says:

“As we see the transition of the large Baby Boomer generation age into retirement, it will be interesting to see if they move in with their Millennial and Gen Z children or if they stay put in their own homes.”
Lautz lists two options: move into a multigenerational home with loved ones, or stay in … (8 comments)

azvhv heroes: Under Contract / Congrats to our clients Domonique and Jessie - 03/09/23 11:42 AM

A huge shout out to our clients, Domonique and Jessie on buying their first home together. Domonique a RN at Banner Hospital takes care of preemies. She qualifies for our discount thru our AZVHV Heroes program.

4-bedroom 3 full baths Jericho model with HOT TUB/SPA located in Promenade by Fulton Homes.
Over $60,000 in Upgrades! Features a beautiful, upgraded Gourmet Kitchen w/ gas stove, walk in pantry, crown molding and Toe Kick lighting.
The living room features an Electric Fireplace and 12' Atrium Doors overlooking the fully landscaped backyard and ABOVE GROUND HOT TUB!
Cordless Blinds and Upgraded Ceiling Fans and Light … (12 comments)

azvhv heroes: Valley STATS for the week of Mar 07 to Mar 13, 2023 - Queen Creek - 03/09/23 11:25 AM

Queen Creek, AZMonday Mar 13 2023
This week the median list price for Queen Creek, AZ is $650,000 with the market action index hovering around 39. This is an increase over last month's market action index of 37. Inventory has decreased to 307. Click here to stay informed with the Queen Creek market!

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

The market appears to be hovering around these current levels, though prices moved up a … (5 comments)

azvhv heroes: Staging Secrets: Simple, Available and FREE Decorative Accents - 03/09/23 11:08 AM

Staging your home for sale isn’t always what you might imagine. Home Sellers are often under the impression that staging means moving all their belongings out and replacing them with vanilla furniture meant only for display. In fact, this is rarely the case.
Staging an empty property may indeed involve a house full of rented or borrowed furniture and neutral accent pieces, but if you’re still living in your home while it’s on the market, staging means something altogether different.
Everyone, I’m sure, has heard the “declutter, declutter, declutter” motto for home sellers. It’s almost as common as the home buyers rallying cry … (6 comments)

azvhv heroes: Things to Consider When Selling Your House. - 03/09/23 06:05 AM

Want to sell your home but need to know where to start? My home selling guide is just the tool you need. It covers relevant aspects of our current market and other essential topics, including:
Should I sell my house this Spring? What’s ahead for mortgage rates and home prices? Number of homes for sale up, but below pre-pandemic years. Top reasons homeowners are selling. Today’s homeowners still have positive equity gains. Want to sell your house? Price it right. An expert makes all the difference when you sell. A checklist for selling your house. Reasons to hire a real estate … (5 comments)

azvhv heroes: Be diligent when preparing your house for sale - 03/08/23 05:25 AM

I am not sure which is more neglected these days, the upkeep of your home or one’s yearly physical. I am fairly sure that it would be a tie as many homes’ interior and exterior need anywhere from some basic fixes to major repairs and upgrades. I also know from conversing with many people, that there are those that also neglect their yearly checkups, colonoscopies (after age 50), or even going to the dentist on a regularly scheduled basis. It doesn’t always matter what the income may be, people procrastinate and put off personal things and agendas because … (3 comments)

azvhv heroes: Monday Mortgage Info: What You Should Know About Mortgage Rates - 03/07/23 06:19 AM

After steadily falling over the winter, mortgage rates in Pensacola have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold off on your search until rates come back down.
The recent uptick in rates has been driven by what’s happening with inflation. Joel Kan, Vice President and Deputy Chief Economist at the Mortgage Bankers Association (MBA), explains:
“Mortgage rates … (4 comments)

azvhv heroes: Home Inspection Tip: INSECTS! - 03/05/23 05:14 AM

Click on the link below to learn a little bit more about insects and homes.
Also, do not forget to subscribe to my YouTube page to see my other videos on similar topics.
I am a loan officer who lends in 45 states and I handle the loan from start-to-finish. My cell phone is 1-216-780-1103 and I can be reached at anytime for questions, Pre-Approvals or anything else needed.

… (6 comments)

azvhv heroes: "Do We Have to Attend the Closing?" - 03/04/23 05:59 AM

Sellers are moving out of state and want to leave right after the movers are finished packing and ready to hit the road. "The closing isn't for another 3 more days - do I have to hang around, or locate a place to stay until we close?"

In today's real estate, actually, you do not have to be at the closing, the closer can arrange to have all your documents ready for your signatures the day you are ready. (as long as the mortgage payoff and HOA status information is back) Even buyers can opt for a mobile … (5 comments)

azvhv heroes: Spring into Action: Boost Your Homes Curb Appeal with Expert Guidance - 03/03/23 06:12 AM

Spring into Action: Boost Your Homes Curb Appeal with Expert Guidance To sell your home this spring, it may need more preparation than it would have a year or two ago. Todays housing market has a different feel. There are more homes for sale than there were at this time last year, but inventory is still historically low. So, if a house has been sitting on the market for a while, that's a sign it may not be hitting the mark for potential buyers. But here's the thing. Right now, homes that are updated and priced at market value are still … (2 comments)

azvhv heroes: The Two Big Issues the Housing Markets Facing Right Now - 03/02/23 05:51 AM

The Two Big Issues the Housing Markets Facing Right Now
The biggest challenge the housing markets facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of todays low supply:
Two dynamics are keeping existing-home inventory historically low rate-locked existing homeowners and the fear of not finding something to buy. Lets break down these two big issues in todays housing market.
Rate-Locked Homeowners According to the Federal Housing Finance Agency (FHFA), the average interest rate for current homeowners with mortgages is less than 4% (see graph below):

… (2 comments)

azvhv heroes: Sweet Times Coming To Charlotte On March 5: 3rd Annual Donut Festival - 03/01/23 06:13 AM

SWEET TIMES (AND DONUTS) COMING TO CHARLOTTE...
3RD ANNUAL CLT DONUT FESTIVAL RETURNS TO CHARLOTTE ON MARCH 5TH!

" You can’t buy happiness, but you can buy donuts. And that’s kind of the same thing."
... Cute Notebook Factory

Also known as the "Unlimited Cheat Day," Charlotte, North Carolina's CLT Donut Festival returns on Sunday, March 5th for its third year. This sweet festival showcases the delicious round treat plus other tasty treats from some of Charlotte's favorite bakeries. The festival will also feature coffee, juice, smoothies, and more. A cash bar will feature multiple flavors of Mimosas, … (3 comments)

azvhv heroes: Did You Know? Again - 02/28/23 06:48 AM

If a home has been on the market for more than two weeks and you’d like to make an offer, I can review recent sales in the area and help you submit a competitive offer. I am not sure that two weeks is an adequate time to lt a property sit but it is a start.
We are in a normal market and the average days on market is over 90 days. The christmas holidays tapped the break on the real estate market and we are just starting to accelerate and hit the normal speed.
Do you like to negotiate? I … (2 comments)

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