az homebuyer: Can We Rent To Own Or Lease Purchase? - 05/19/22 05:57 PM
Can We Rent To Own Or Lease Purchase? One question I get more often than "Are we there yet" from the back seat is: "Can we rent to own or do a lease-purchase?" The answer is simple: Yes. You can rent-to-own (or in other words "lease-purchase"), but... is it wise?
I've been asked this question from every type of client- from those wanting to rent-to-own a $600/month cottage to those who want to lease purchase a $10,000/month luxury home. Wait, I take that back- I met with a family last week who wanted to lease a home for $25,000/month for one … (0 comments)

az homebuyer: The Fed Raises Interest Rates By .5% (And It May Still Go Up) - 05/05/22 07:23 AM
The Fed Raises Interest Rates By .5% (And It May Still Go Up) The Fed raised interest rates today by the largest move seen in over 22 years. In an effort to slow down inflation they signaled to raise rates by .5%, the most aggressive move made by the Fed since 2000.
These rates effect products like credit cards, mortgages and business loans. The decision was made unanimously and some are calling to raise rates another 1% or more by the end of the year.
 
Source: Yahoo Finance
 
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az homebuyer: 3 Ways to Have A Winning Offer When Buying A Home! - 04/21/22 07:09 AM
3 Ways to Have A Winning Offer When Buying A Home!
🔥Hot Take: Winning your home isn't just about offering more money.
We're seeing the human element become more apparent. Sellers want their home going to people who will love the home and use it to create happiness and joy.
Here are some tips that can make a BIG impact and could be the difference in winning or losing out on your next offer.
A lot of this comes down to your agent staying persistent and in-contact with the seller's agent. Just know that we are working extra hard to get … (0 comments)

az homebuyer: Let Us Tell You Why Now Is Such A Great Time To Sell Your Home... - 03/15/22 10:40 AM
Let Us Tell You Why Now Is Such A Great Time To Sell Your Home... 😬Only 3,642 homes for sale at the moment (single family detached). It’s a great time to sell.
🤭Normally there’s anywhere between 15,000-16,000 homes for sale on the local MLS.
💸With such a low supply the demand means you’ll most likely get multiple offers! We can also structure it to where you don’t have to sell if you don’t find the perfect home to buy!
🎉We have been helping clients get offers accepted on their next home with great success so we are confident we can get … (0 comments)

az homebuyer: Why "Time The Market" When You Can Be "In The Market?" - 02/10/22 03:23 PM
Why "Time The Market" When You Can Be "In The Market?" Here’s a look at why waiting to buy could end up being more expensive. If you’re trying to “time the market” it most likely won’t pay off as comparably as being “in the market”. Experts agree that we will still see equity growth over the next few years so even if you purchase today (yes houses are the most expensive they’ve ever been) you should still see growth on your investment. Generally what needs to happen for that to change is inventory needs to catch up with demand and that … (0 comments)

az homebuyer: Should I Wait To Sell? (2022 Buyer Forecast) - 02/04/22 08:04 AM
Should I Wait To Sell? (2022 Buyer Forecast) 
2022 Buyer Forecast
Should I wait to sell?
There’s two economic factors at play here that spell out why sellers should sell now, at the top of the market…and a third “x” factor that could make all the difference.
#kw #poweredbyplace #azrealtor
 
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FUTURE QUESTIONS
If you have any topics or questions you would like answered, contact The Shanna Day Dream Home Team - we’ll find the answers for you!
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az homebuyer: Should I Buy Or Wait For Home Pricing To Come Down?? - 10/25/21 04:24 PM
Should I Buy Or Wait For Home Prices To Come Down?Should I buy or wait for pricing to come down??
I don't foresee housing prices crashing, or even coming down more than, maybe, slightly. The only thing I am seeing now is interest rates rising. I'm seeing rates hover at around 3% this week, slightly up from last week. It's still a good time to buy because affordability is great. That's the measurement. When interest rates are low and prices are high - how is affordability? Well it's better than lower housing prices but with high interest rates...
So affordability is what … (0 comments)

az homebuyer: Lock In Your Rate Before They Rise Higher! - 09/28/21 03:57 PM
Lock In Your Rate Before They Rise Higher!With the Fed announcing they are tapering, lenders are already responding and issuing lock alerts, meaning you need to lock in your rate before they rise higher.
If you have been looking to buy, remember it's best to talk to a lender and get a pre-qualification that gives you a price range for a property that you can afford with your personal financial variables.
We do have favorite lenders and know exactly who can help you depending on your price range, if you want to build vs buy, renovate, or just purchase a lot … (0 comments)

az homebuyer: Why You Should Buy A Home Now (Even With These High Home Prices!) - 09/28/21 03:56 PM
Why You Should Buy A Home Now (Even With These High Home Prices!)Yes looking at home prices right now can be agitating. Homes are the most expensive they've ever been! It's hard as a buyer to swallow that you'll pay the highest price.
I want you to not think so much about price, but think about affordability. Affordability is at the highest it's ever been. Your interest rate may be so low that you'll qualify and pay less than what would have been paid 15 years ago. Affordability is still really good so buying is still a smart move in this … (0 comments)

az homebuyer: Back Up Your Offer With AmeriFirst's Protect Your Transaction®? (PYT)! - 04/07/21 05:57 PM
Back Up Your Offer With AmeriFirst Financial's Protect Your Transaction®? (PYT)!
Home ownership is the dream indeed but the road to buying a home doesn't need to be a nightmare. That's why AmeriFirst Financial moved beyond industry standard pre-qualification and pre-approval and invented the Protect Your Transaction® (PYT) for aspiring homeowners like you. Essentially, a PYT Loan Commitment is an underwritten pre-approval that safeguards financing with a monetary assurance for qualified buyers. How much monetary assurance are we talking about? That's $15,000 (with an additional $5,000 for First Responders and Teachers) to back up your offer- that right there is the lender's … (0 comments)

az homebuyer: The Cromford Report: Inventory Still Low While Median Sales Price Up! - 02/15/21 06:44 PM
The Cromford Report: Inventory Remains Low While Median Sales Price & Luxury Sales Are Up!Rent or buy? The age old question remains but perhaps current circumstances make it easier to make a decision favoring purchasing over renting a home. Both the median sales price and monthly rental rate went up by 18% but when you consider that a 1,500-2,000 sqft home rents at a monthly median of $1,850 (a $250 increase from last year) versus roughly $1,600-$1,700 per month to purchase with 10% down for the same property (backed by a historically low 30-year fixed mortgage rate), buying becomes the all … (0 comments)

az homebuyer: Cromford Report: CARES Act, Eviction Moratorium, Homeownership/Renting - 12/17/20 04:15 PM
The Cromford Report On The CARES Act, Eviction Moratorium, Homeownership And Renting In The Phoenix Metro AreaThe 2020 global pandemic highlighted all the more the advantages of homeownership over renting. While renters remain at risk of eviction for missing just at least one rent payment, homeowners usually miss more than one monthly payment before a lender files a Notice of Trustee Sale- and that's under normal circumstances in Arizona. And even when a lender takes such action, an additional 90 days is afforded to the homeowner to remediate before foreclosure.
The end of the eviction moratorium on December 31st gave rise … (0 comments)

az homebuyer: Phoenix, AZ Makes Realtor.com's Top 10 Housing Markets For 2021! - 12/09/20 05:07 PM
Phoenix, AZ Makes Realtor.com's Top 10 Housing Markets For 2021!
Realtor.com has released its top housing markets for 2021 with the Phoenix-Mesa-Scottsdale, AZ area making the Top 10. Landing on the top 6th spot, Phoenix, AZ placed highly on the list with a median home price of $412,260, home price change at +7.0 percent and sales change at +11.4 percent in addition to a combined sales and price growth at +18.4 percent.
Popular among retirees for its great weather and affordable cost of living, Phoenix has also started attracting younger buyers and new residents coming from pricier West Coast markets like San … (0 comments)

az homebuyer: Freddie Mac: Mortgage Rates Continue Record Low Average - 12/08/20 05:54 PM
Freddie Mac: Mortgage Rates Continue Record Low Average
According to the latest Freddie Mac report, mortgage rates continue upholding historically low records, with the 30-year fixed-rate mortgage averaging its lowest for the fourteenth time this year with the week ending December 3rd.
The 30-year fixed-rate mortgages averaged 2.71%, down from the previous week’s 2.72% average. For comparison, 30-year rates last year at this time averaged 3.68%.
As for the 15-year fixed-rate mortgages, they averaged 2.26% while the prior week had a 2.28% average. 15-year rates this time last year averaged 3.14%.
Lastly, 5-year hybrid adjustable-rate mortgages averaged 2.86%, significantly dropping from the … (0 comments)

az homebuyer: Conforming Loan Limit Increasing In 2021! - 12/02/20 07:08 PM
Conforming Loan Limit Increasing In 2021!
For the fifth year in a row, conforming loan limits are going up in 2021. Most parts of the country will soon be able to take advantage of the new conforming loans limit of $548,250 for one-unit properties, a $37,850 jump from the $510,400 limit in 2020.
Limits on conforming loans increase in line with the Housing and Economic Recovery Act (HERA) requiring annual adjustments to Fannie Mae and Freddie Mac's loan limits to reflect housing price changes. The 2021 new loan limits came about from a year over year average increase of 7.42% based on … (0 comments)

az homebuyer: Buy Or Sell A Home With The Shanna Day Team Today! - 08/05/20 07:20 PM
Buy Or Sell A Home With The Shanna Day Team Today!
We're in a period of low inventory but that won't stop us from helping you find your dream home, as was the case with this excited and happy homebuyer we helped in their search for their next home in the Valley. Yes, you got it right- this 4 Bed 3 Bath in highly sought after and gated community of Lehi Crossing is now #SOLD!
With low inventory (believe us, our listings are being snapped up left and right!) and 61% of Americans surveyed saying now's the perfect time to buy a home, … (0 comments)

az homebuyer: Fannie Mae Index Survey: It's A Good Time To Buy (Or Sell) A Home! - 07/30/20 04:35 PM
Fannie Mae Index Survey: It's A Good Time To Buy (Or Sell) A Home!
The June 2020 Fannie Mae’s Home Purchase Sentiment Index has come out and things are looking good with four out of six components it measures increasing from the month prior. Here's a quick rundown of the survey results:
-Now is looking like a really good time to buy a home according to 61% of Americans surveyed, which increased from 52% in May.
-Now is also a good time to sell per 61% of respondents, almost doubling from 32% in May.
-As for home prices, 34% expected them to go up … (0 comments)

az homebuyer: Share The Joy As We Look Back At 7 Homes We've JUST SOLD! - 07/14/20 12:45 PM
Share The Joy As We Look Back At 7 Homes We've JUST SOLD!
Where do we start with this beauty? Its great open floorplan, superb location, upgrades like a new water heater or A/C, or perhaps community features/benefits? One thing's for sure, the good life is now unfolding for the new owner of this 2 Bed 1.5 Bath Townhouse In Westbrook Townhomes!
Sometimes a home is blessed with plenty of upgrades that are just too many to list that you've got to see it for yourself. Such is the case with this 6 Bed 4.5 Bath Hermosa Groves South Home w/ Pool whose … (0 comments)

az homebuyer: Our Most Heartwarming "Textimonial" So Far! - 03/11/20 04:16 PM
Our Most Heartwarming "Textimonial" So Far!
This "Textimonial" just warms our heart! We always make it a point to not only make our clients' real estate experience a smooth and easy process every step of the way but also go beyond their expectations. Hearing a client say they feel part of the team and family is a huge pat on our backs but of course, it's not mission accomplished until we get your home sold for top dollar or get you moving into your dream home in the Valley!
Why settle for "hamster agents" when you can get a team of real estate … (0 comments)

az homebuyer: Thinking Of Buying A Home? Do It Soon Before Home Prices Go Up! - 10/15/19 07:48 PM
Thinking Of Buying A Home? Do It Soon- Home Prices Might Go Up In The Next 12 Months!
With significant cost inflation and very high demand related to supply, home prices could see big increases over the next 12 to 18 months.
Jim Belfiore, regional real estate expert and president of Belfiore Real Estate Consulting, said the Phoenix housing market could see a 10 percent increase in existing home values which is currently at a median price below $281,000. New home prices which has a current median price of $325,000 could also possibly rise at the same rate. A 10 percent increase to … (1 comments)

 
Shanna Day Team Leader AZ & UT - Call 480-415-7616, Top 0.33 of 1% of 79,000 AZ Realtors (Keller Williams Realty EV (AZ) & Keller Williams SLC (UT))

Shanna Day Team Leader AZ & UT - Call 480-415-7616

Top 0.33 of 1% of 79,000 AZ Realtors

Mesa, AZ

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Keller Williams Realty EV (AZ) & Keller Williams SLC (UT)

Address: 2077 E Warner Rd., Ste. 110, Tempe, AZ, 85284

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