Phoenix Real Estate and Community News

April 25, 2018

Housing Market Update

Housing Market Update
Awni & Chantell Abbas
REALTORS
Awntel Property Advisors
Equal Housing Opportunity
“AWNTELL IT LIKE IT IS” SHOW
7 STAR SERVICE

Posted in Real Estate News
April 25, 2018

New Study Shows ‘Best States for Millennials’

New Study Shows ‘Best States for Millennials’ | MyKCM

A new study by WalletHub used “30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate” to find out which states are the ‘Best States for Millennials.’

The Top 5 Best States for Millennials are:

  1. Washington, D.C. (also ranks highest in percentage of millennials already living there!)
  2. North Dakota (lowest unemployment rate)
  3. Minnesota (highest millennial homeownership rate)
  4. Massachusetts (highest percentage of millennials with health insurance coverage)
  5. Iowa (ranked #1 in lowest housing cost for millennials)

Below is a map with the rankings for each of the 50 states:

New Study Shows ‘Best States for Millennials’ | MyKCM

We recently reported on a study that set out to find out “How Much You Need to Make to Buy a Home in Your State,” which may have left you wondering what the average salaries are in each of the five states listed above.

According to WalletHub’s research, the top 5 states with the Highest Average Millennial Salariesare:

  1. Washington, D.C.
  2. New York
  3. Massachusetts
  4. Washington
  5. California

Every day, more and more millennials are aging into the ‘Responsibility Zone,’ the time in their lives when their responsibilities start to dictate their behaviors. For many, this includes buying a home. The top 5 states with the Highest Millennial Homeownership Rate are:

  1. Minnesota
  2. West Virginia
  3. Indiana
  4. Utah
  5. Delaware

Bottom Line

If owning a home is next on your list, let’s get together to answer any questions you may have and set you on the path to homeownership!

Posted in Buying a Home
April 25, 2018

Prestigious North Central Phoenix gem for sale at 105 W Ruth Ave Phoenix, Arizona 85021!

PRESTIGIOUS NORTH CENTRAL PHOENIX GEM WITH NO HOA & IRRIGATED LOT! This home is FULLY REMODELED W/ ALL NEW FLOORING, NEW OPEN FLOOR PLAN, NEW KITCHEN W/ GORGEOUS BACKSPLASH, NEW BATHROOMS WITH CUSTOM BACKSPLASH, NEW FIXTURES, NEW LED LIGHTING, NEW STAINLESS STEEL APPLIANCES, GRANITE COUNTERTOPS THROUGHOUT, NEW FRENCH DOOR TO OUTSIDE, NEW INTERIOR BARN DOORS,NEW PAINT INTERIOR/EXTERIOR, NEW CONCRETE PAD, NEW DUAL PANE LOW-E WINDOWS, NEW MAIN PLUMBING LINE FROM THE STREET TO THE HOME! COMES W/ WASHER & DRYER! RV GATE & RV PARKING! MATURE WALNUT AND CITRUS TREE OUT BACK! LARGE BACKYARD! Just a quick 5 min. walk to Spokes & Wheel a lively bike-themed gastropub, Ladera- a modern Mexican bar, Timo wine bar, a variety of shopping, easy access to all freeways, Downtown Phoenix & Sky Harbor Airport and North Mountain very close by offering a variety of hiking trails!

Come see today!
-Awntel


For a FREE property search go to http://cenphxliving.com


For a FREE home value report go to http://cenphxhomevalues.com


For my FREE real estate guide book, go to http://phxrealestateinsider.com


If you liked this video, please "Like" Forward Share or Subscribe to our Channel!


THANK YOU!
-Awni & Chantell Abbas
Awntel Property Advisors
5134 N Central Ave #101
Phoenix, Az 85012
Office: 602-472-3489
Mobile: Call or text 480-788-4118
http://cenphxliving.com
“AWNTELL IT LIKE IT IS” SHOW
7 STAR SERVICE

Posted in Buying a Home
April 24, 2018

Thinking of Selling Your Home? Why You Need A Pro in Your Corner

Thinking of Selling Your Home? Why You Need A Pro in Your Corner | MyKCM

With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional.

Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families.

Here is a list of some of the people with whom the seller must be prepared to negotiate if they decide to FSBO:

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The termite company if there are challenges
  • The buyer’s lender if the structure of the mortgage requires the sellers’ participation
  • The appraiser if there is a question of value
  • The title company if there are challenges with certificates of occupancy (CO) or other permits
  • The town or municipality if you need to get the CO permits mentioned above
  • The buyer’s buyer in case there are challenges with the house your buyer is selling
  • Your bank in the case of a short sale

Bottom Line

The percentage of sellers who have hired real estate agents to sell their homes has increased steadily over the last 20 years. Let’s get together and discuss all we can do to make the process easier for you.

Posted in Selling Your Home
April 24, 2018

How to Prepare Your Home for an Appraisal

Getting your home appraised can often be a nerve wracking experience. Your home and your handy work will be on display to be judged and valued so that you can move forward with selling your home.

But it doesn’t have to be a stressful experience. With the right tools, tricks and savvy, the appraisal process can not only go smoothly, it can also help you make a giant financial leap toward a future in a new home. Check out this video for more tips!
-Awntel


For a FREE property search go to http://cenphxliving.com


For a FREE home value report go to http://cenphxhomevalues.com


For my FREE real estate guide book, go to http://phxrealestateinsider.com


If you liked this video, please "Like" Forward Share or Subscribe to our Channel!


THANK YOU!
-Awni & Chantell Abbas
Awntel Property Advisors
5134 N Central Ave #101
Phoenix, Az 85012
Office: 602-472-3489
Mobile: Call or text 480-788-4118
http://cenphxliving.com
“AWNTELL IT LIKE IT IS” SHOW
7 STAR SERVICE

 

Posted in Selling Your Home
April 23, 2018

Best places to eat fast food in Phoenix Arizona

Here is a place we enjoy!

When America Corrales, the visionary behind the authentic Mexican fare of America's Taco Shop®, first came to the U.S. from her native Mexico, her most precious possession was a collection of her mother's hand-written recipes.

For nine years, America shared these authentic, flavorful Mexican foods only with her friends and husband Terry Bortin. Terry would sit and enjoy America’s meals at their kitchen table in Phoenix, Arizona where they would dream together about someday serving these home-cooked meals in a fast food Mexican restaurant of their own.

That dream became a reality in 2008, when America and Terry opened the first America's Taco Shop in Phoenix. It was an instant smash hit and it didn't take long for customers to flock to America's Taco Shop for their unmatched Carne Asada. Now, America's Taco Shops are bringing their bold, hand-crafted recipes to customers worldwide.
-Awntel


For a FREE property search go to http://cenphxliving.com


For a FREE home value report go to http://cenphxhomevalues.com


For my FREE real estate guide book, go to http://phxrealestateinsider.com


If you liked this video, please "Like" Forward Share or Subscribe to our Channel!


THANK YOU!
-Awni & Chantell Abbas
Awntel Property Advisors
5134 N Central Ave #101
Phoenix, Az 85012
Office: 602-472-3489
Mobile: Call or text 480-788-4118
http://cenphxliving.com
“AWNTELL IT LIKE IT IS” SHOW
7 STAR SERVICE

Posted in Community News
April 23, 2018

Buying a Home Is Cheaper Than Renting in the Majority of the US

Buying a Home Is Cheaper Than Renting in the Majority of the US | MyKCM

The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report.

The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of income.

The least affordable market for renting was Marin County, CA, just over the Golden Gate Bridge from San Francisco, where renters spend a staggering 79.5% of average wages on rent, while the most affordable market was Madison County, AL where 22.3% of average wages went to rent.

Other interesting findings in the report include:

  • Average rent rose faster than income in 60% of counties
  • Average rent rose faster than median home prices in 41% of counties
  • While median home prices rose faster than average rents in 58% of counties

Bottom Line

Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, let’s get together to find your dream home.

Posted in Buying a Home
April 20, 2018

Housing Market Update

Housing Market Update
Awni & Chantell Abbas
REALTORS
Awntel Property Advisors
Equal Housing Opportunity
“AWNTELL IT LIKE IT IS” SHOW
7 STAR SERVICE

Posted in Real Estate News
April 20, 2018

Home Buying Myths Slayed [INFOGRAPHIC]

Home Buying Myths Slayed [INFOGRAPHIC] | MyKCM

Some Highlights:

  • The average down payment for first-time homebuyers is only 6%!
  • Despite mortgage interest rates being over 4%, rates are still below historic numbers.
  • 88% of property managers raised their rents in the last 12 months!
  • The credit score requirements for mortgage approval continue to fall.
Posted in Buying a Home
April 19, 2018

Is Family Mortgage Debt Out of Control?

Is Family Mortgage Debt Out of Control? | MyKCM

Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become homeowners and now have mortgage payments for the first time.

These developments have caused concern that families might be reaching unsustainable levels of mortgage debt. Some are worried that we may be repeating a behavior that helped precipitate the housing crash ten years ago.

Today, we want to assure everyone that this is not the case. Here is a graph created from datareleased by the Federal Reserve Board which shows the Household Debt Service Ratio for mortgages as a percentage of disposable personal income. The ratio is the total quarterly required mortgage payments divided by total quarterly disposable personal income. In other words, the percentage of spendable income people are using to pay their mortgage.

Is Family Mortgage Debt Out of Control? | MyKCM

Today’s ratio of 4.44% is nowhere near the ratio of 7.21% during the peak of the housing bubble and is instead at the lowest rate since 1980 (4.38%).

Bill McBride of Calculated Risk recently commented on the ratio:

“The Debt Service Ratio for mortgages is near the low for the last 38 years. This ratio increased rapidly during the housing bubble and continued to increase until 2007. With falling interest rates, and less mortgage debt, the mortgage ratio has declined significantly.”

Bottom Line

Many families paid a heavy price because of questionable practices that led to last decade’s housing crash. It seems the American people have learned a lesson and are not repeating that same behavior regarding their mortgage debt.

Posted in Buying a Home