jane and jeff daley: Get Your House Ready To Sell This Winter - 12/13/19 10:07 AM
Get Your House Ready To Sell This Winter

Some Highlights Winter is a great time to list a house, since inventory is traditionally low, and most sellers are holding off until spring to put their homes on the market. Waiting for warmer weather when more competition is on the market will only put your house up against many more choices for buyers. Get your house ready to sell now with quick and easy fixes that make a big impact.  

jane and jeff daley: R. Jeffery Daley, PhD - Luxury Valley Homes Receives 2019 Best of Scottsdale Award - 12/12/19 10:27 PM
Press Release
R. Jeffery Daley, PhD - Luxury Valley Homes Receives 2019 Best of Scottsdale Award
Scottsdale Award Program Honors the Achievement
SCOTTSDALE December 6, 2019 -- R. Jeffery Daley, PhD - Luxury Valley Homes has been selected for 2019 Best of Scottsdale Award in the Real Estate Agents category by the Scottsdale Award Program.
Each year, the Scottsdale Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make … (0 comments)

jane and jeff daley: Have You Outgrown Your Home? | Scottsdale Real Estate AZ - 12/11/19 09:52 AM
Have You Outgrown Your Home?

It may seem hard to imagine that the home you’re in today – whether it’s your starter home or just one you’ve fallen in love with along the way – might not be your forever home.
The good news is, it’s okay to admit if your house no longer fits your needs.
According to the latest Home Price Insights from CoreLogic, prices have appreciated 3.5% year-over-year. At the same time, the National Association of Realtors (NAR) reports inventory has dropped 4.3% from one year ago.These two statistics are directly related to one another. As inventory has decreased and demand has increased, prices have been driven up.
This is … (1 comments)

jane and jeff daley: Is A Bigger House Within Your Budget? - 12/04/19 10:46 AM
Is A Bigger House Within Your Budget?

At this time of year, many families come together to celebrate the season. It’s also the time when many realize their homes are just not quite big enough to host all of their guests and loved ones. Are you one of those homeowners dreaming for a larger space to call home?
You may have enough equity in your current home to move up. According to the Q3 2019 U.S. Home Equity & Underwater Report by ATTOM Data Solutions,
“14.4 million residential properties in the United States were considered equity rich, meaning that the combined estimated amount of … (1 comments)

jane and jeff daley: Tips to Sell Your Home Faster - 11/27/19 01:48 PM
When selling your house, there are a few key things you can prioritize to have the greatest impact for a faster sale:
1. Make Buyers Feel at Home Declutter your home! Pack away all personal items like pictures, awards, and sentimental belongings. Make buyers feel like they belong in the house. According to the 2019 Profile of Home Staging by the National Association of Realtors, “83% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home.”
Not only will your house spend less time on the market, but the same report mentioned that, “One-quarter of buyers’ agents … (0 comments)

jane and jeff daley: Highest-priced Home Sale in Arizona’s History at $19.25 Million - 11/25/19 03:11 PM
SCOTTSDALE, Arizona (November 25, 2019) – Realtors Walt Danley and Catherine Jacobson of Walt Danley Christie’s International Real Estate masterfully worked a deal representing the buyer in the purchase of a $19.25 million estate in Paradise Valley, notably the highest-priced home sale in Arizona history. The former homeowner of the luxury property is Robert Sarver, owner of the Phoenix Suns, founder of Southwest Value Partners and Executive Chairman of Western Alliance Bancorporation.
“The gorgeous estate is like no other you will find in the world,” said Walt Danley, president and founder of Walt Danley Christie’s International Real Estate. “While the home is certainly desirable, making a deal … (0 comments)

jane and jeff daley: This is Not 2008 All Over Again: Scottsdale Real Estate Arizona - 11/14/19 07:44 AM
The Mortgage Lending Factor  
Some are afraid the real estate market may be looking a lot like it did prior to the housing crash in 2008. One of the factors they’re pointing at is the availability of mortgage money. Recent articles about the availability of low-down payment loans and down payment assistance programs are causing concern that we’re returning to the bad habits of a decade ago. Let’s alleviate the fears about the current mortgage market.
The Mortgage Bankers’ Association releases an index several times a year titled: The Mortgage Credit Availability Index (MCAI). According to their website:
“The MCAI provides the only … (0 comments)

jane and jeff daley: Buyer Demand Growing in Every Region - 11/13/19 05:17 PM

Buyers are out in full force this fall, increasing the demand for homebuying in all four regions of the country.
According to the latest ShowingTime Showing Index,
“Home showing activity was up again nationwide with a 4.6 percent rise in traffic, as the traditionally slow fall season began with a marked boost in buyer interest.”
Buyers clearly have the right idea, as mortgage rates have dropped over a full percentage point since the fall of 2018. They’ve hovered in a historically low range since this summer, making the overall cost of homeownership significantly more attractive and affordable.
Here’s the breakdown of how ShowingTime reports current buyer traffic … (0 comments)

jane and jeff daley: Millennials: Here’s Why the Process is Well Worth It. - 11/06/19 12:28 PM
Millennials: Here’s Why the Process is Well Worth It.

Millennials have waited longer than any other generation to become homeowners, but the wait for this cohort is just about over.
According to National Mortgage News,
 “Millennials, those young adults now aged 23 to 38, are now entering their peak household formation and homebuying years.”
If you’re a Millennial, you’re already well aware that you’re among a generation of those who favor fast-paced, real-time answers – and results. When you’re ready to make a decision, it’s go-time, and you probably want the latest technology at your fingertips to make it happen.
National Mortgage News agrees, … (1 comments)

jane and jeff daley: The #1 Reason to List Your House in the Winter - 11/04/19 09:20 AM
Why List Your House in the Winter

Many sellers believe spring is the best time to put their homes on the market because buyer demand traditionally increases at that time of year. What they don’t realize is if every homeowner believes the same thing, then that’s when they’ll have the most competition.
So, what’s the #1 reason to list your house in the winter? Less competition. Housing supply traditionally shrinks at this time of year, so the choices buyers have will be limited. The chart below was created using the month's supply of listings from the National Association of Realtors.As you can see, the ‘sweet … (1 comments)

jane and jeff daley: How to Determine If You Can Afford to Buy a Home - 10/30/19 10:28 AM
How to Determine If You Can Afford to Buy a Home

The gap between the increase in personal income and residential real estate prices have been used to defend the concept that we are experiencing an affordability crisis in housing today.
It is true that home prices and wages are two key elements in any affordability equation. There is, however, an extremely important third component to that equation: mortgage interest rates.
Mortgage interest rates have fallen by more than a full percentage point from this time last year. Today’s rate is 3.75%; it was 4.86% at this time last year. This has … (1 comments)

jane and jeff daley: Reasons to Buy a Home This Fall - 10/28/19 11:41 AM
4 Reasons to Buy a Home This Fall

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 Report shows that home prices have appreciated by 3.6% over the last 12 months. The same report predicts prices will continue to increase at a rate of 5.8% over the next year.
The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.
2. Mortgage Interest Rates Are Projected to Increase Next Year
The Primary Mortgage Market Survey from Freddie Mac indicates that interest rates for … (0 comments)

jane and jeff daley: Buying a home can be SCARY until Facts are exposed - 10/25/19 09:30 AM
Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC]

Some Highlights: Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of the process:
71% of buyers who purchased homes have put down less than 20%. 78.1% of loan applications were approved last month. In September, the average credit score for approved loans was 737. … (2 comments)

jane and jeff daley: Reasons to Consider Living in a Multigenerational Home - 10/24/19 09:28 AM
5 Reasons to Consider Living in a Multigenerational Home
Did you know that 1 in 6 Americans currently live in a multigenerational household?
According to Generations United, the number of multigenerational households rose from 42.4 million in 2000 to 64 million in 2016. The 2018 Profile of Home Buyers and Sellers from the National Association of Realtors shows that 12% of all buyers have a multigenerational household.
Why Are Many Americans Choosing to Live in a Multigenerational Household? The benefits of multigenerational living are significant. According to Toll Brothers,
“In recent years, there’s been a steady rise in the number of multigenerational homes in America. Homeowners and their … (0 comments)

jane and jeff daley: Homes Are Selling Quickly - 10/18/19 11:31 AM
Homes Are Selling Quickly [INFOGRAPHIC]

Some Highlights: The National Association of REALTORS® surveyed its members for the release of their Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices, and market conditions. Homes across the country are selling quickly, in an average of just 31 days. 49% of homes sold in less than a month. … (0 comments)

jane and jeff daley: Reasons This is NOT the 2008 Real Estate Market - 10/17/19 08:25 AM
3 Reasons This is NOT the 2008 Real Estate Market

No one knows for sure when the next recession will occur. What is known, however, is that the upcoming economic slowdown will not be caused by a housing market crash, as was the case in 2008. There are those who disagree and are comparing today’s real estate market to the market in 2005-2006, which preceded the crash. In many ways, however, the market is very different now. Here are three suppositions being put forward by some, and why they don’t hold up.
SUPPOSITION #1 A critical warning sign last time was … (0 comments)

jane and jeff daley: What You Need to Know About the Mortgage Process - 10/11/19 10:48 AM
What You Need to Know About the Mortgage Process [INFOGRAPHIC]
Some Highlights: Many buyers are purchasing homes with down payments as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Your local professionals are here to help you determine how much you can afford, so take advantage of the opportunity to learn more. … (0 comments)

jane and jeff daley: What Is the Cost of Waiting Until Next Year to Buy? - 09/27/19 08:23 AM

Some Highlights: The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac forecasts interest rates will rise to 3.8% by Q4 2020. CoreLogic predicts home prices will appreciate by 5.4% over the next 12 months. If you’re ready and willing to buy your dream home, now is a great time to buy. … (0 comments)

jane and jeff daley: Homeowners Are Happy Renters? Not So Much - 09/26/19 02:05 PM

When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that non-financial benefits might be even more valuable.
In a recent survey, Bank of America asked homeowners: “Does owning a home make you happier than renting?” 93% of the respondents answered yes, while only 7% said no. The survey also revealed:
More than 80% said they wouldn’t go back to renting 88% agreed that buying a home is the “best decision they have ever made” 79% believed owning a home has changed them for the better Those surveyed talked … (0 comments)

jane and jeff daley: Should You Fix Your House Up or Sell Now? - 09/24/19 09:26 AM

With the fall season upon us, change is in the air. For many families, children are growing up and moving out of the house, maybe leaving for college or taking a jump into the working world. Parents are finding themselves as empty nesters for the first time. The question inevitably arises: is it finally time to downsize?
If you’re pondering that thought, you may also be wondering if you should fix-up your house before you sell it, or go straight to the market as-is, allowing a potential buyer to do the updates and remodeling. If you’re one of the many homeowners this … (0 comments)

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