Phoenix Real Estate and Community News

May 3, 2018

FOR SALE Beautiful Biltmore home at 2433 E MINNEZONA AVE, Phoenix, AZ 85016!

2433 E MINNEZONA AVE, Phoenix, AZ 85016

MLS#5758510 

This beautiful home is updated and recently painted inside and out. New A/C unit in 2015. Tile and wood laminate floors all throughout making this easy to clean and low maintenance. Kitchen has bright white cabinets with modern hardware and nice contrasting stone countertops. Stainless steel appliances and GAS stove! Enjoy not one but 2 living spaces with a room perfect for a office/bonus room. Spacious bedrooms with plenty of closet space. Fall in love with the high end bathrooms offering unique character and finishes. Master bedroom has a private entrance to the backyard with citrus trees for shade. Large backyard with plenty of room for entertaining or gardening! Walking distance to Biltmore Fashion Park offering a variety of high-end shopping and restaurants! Minutes to Scottsdale, Downtown Phoenix, Sky Harbor International Airport, and multiple Freeway access. This home is one of the nicest, upgraded single family home in the area!! Best deal for the $$$$!!!!! Come see you new home today!!! WON'T LAST LONG!!!

-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
no comments yet
May 2, 2018

Congratulations Regina and Lee on the purchase of your new Phoenix Arizona home!!

Woohoooooo Congratulations Regina and Lee on the purchase of your new home!! We truly appreciate your business, and we’re grateful for the trust you’ve placed in us. An exciting time ahead, thank you to all involved! 

-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
no comments yet
May 2, 2018

This Just In: Data Says May is the Best Month to Sell Your Home

This Just In: Data Says May is the Best Month to Sell Your Home | MyKCM

According to a newly released study by ATTOM Data Solutions, selling your home in the month of May will net you an average of 5.9% above estimated market value for your home.

For the study, ATTOM performed an “analysis of 14.7 million home sales from 2011 to 2017” and found the average seller premium achieved for each month of the year. Below is a breakdown by month:

This Just In: Data Says May is the Best Month to Sell Your Home | MyKCM

ATTOM even went a step further and broke their results down by day.

Top 5 Days to Sell:

  • June 28th – 9.1% above market
  • February 15th – 9.0% above market
  • May 31st – 8.3% above market
  • May 29th – 8.2% above market
  • June 21st – 8.1% above market

It should come as no surprise that May and June dominate as the top months to sell and that 4 of the top 5 days to sell fall in those two months. The second quarter of the year (April, May, June) is referred to as the Spring Buyers Season, when competition is fierce to find a dream home, which often leads to bidding wars.

One caveat to mention though, is that when broken down by metro, ATTOM noticed that while warmer climates share in the overall trend, it turns out that they have different top months for sales. The best month to get the highest price in Miami, FL, for instance, was January, and Phoenix, AZ came in with November leading the charge.

If you’re thinking of selling your home this year, the time to list is NOW! According to the National Association of Realtors, homes sold in an average of just 30 days last month! If you list now, you’ll have a really good chance to sell in May or June, setting yourself up for getting the best price!

Bottom Line

Let’s get together to discuss the market conditions in our area and get you the most exposure to the buyers who are ready and willing to buy!

Posted in Selling Your Home
no comments yet
May 1, 2018

How Much Has Your Home Increased in Value Over the Last Year?

How Much Has Your Home Increased in Value Over the Last Year? | MyKCM

Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.7% year-over-year.

CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price.

The chart below shows the four price ranges from the report, as well as each one’s year-over-year growth from February 2017 to February 2018 (the latest data available).

How Much Has Your Home Increased in Value Over the Last Year? | MyKCM

It is important to pay attention to how prices are changing in your local market. The location of your home is not the only factor that determines how much your home has appreciated over the course of the last year.

Lower-priced homes have appreciated at greater rates than homes at the upper ends of the spectrum due to demand from first-time home buyers and baby boomers looking to downsize.

Bottom Line

If you are planning to list your home for sale in today’s market, let’s get together to go over exactly what’s going on in your area and your price range.

Posted in Selling Your Home
no comments yet
May 1, 2018

3 questions to ask before you choose a real estate agent!

So how can you vet potential real estate agents to see who would be a good fit for you?

 

Here are 3 important questions you should ask to get started:

 

1. "How many homes have you sold in the last 12 months?"

 

Many real estate agents will tell you the number of years they have in the business.

 

That's useful, but their recent activity can be more relevant than their total experience.

 

Asking this question can tell you how well they know the market, as well as how successful you can expect them to be in your case.

 

Bonus follow up: you will probably want to ask whether the agent works primarily with buyers or sellers, because many agents specialize in one or the other to some extent. 

 

2. "Can I have the contact info for your last few deals?"

 

Anybody can say they are a marvelously effective real estate agent.

 

But talking to actual past clients can help you decide whether this is true or a bunch of hot air.

 

When you do talk to a real estate agent's previous clients, you don't need to get too fancy to get useful information.

 

Simply ask them to share their experience. Before you get off the phone, also ask them whether they felt they could trust the agent, and whether they would use that same agent again.

 

3. "What is your strategy for my specific needs?"

 

As a buyer, you will want the agent to explain how they will search for your new home, how many homes you can expect to see, and how the agent handles multiple offers.

 

As a seller, you will want to know how and where the agent will advertise your home. You might also want to know what their online marketing strategy will be.

 

So what kinds of answers should you look for to these questions?

 

Ideally, you will want to get a sense that this agent is somebody you can trust and that you feel comfortable working with.

 

At the same time, you will want them to be experienced and diligent, as evidenced by recent successful deals and a concrete plan of action for your situation.

-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 Real Estate News
no comments yet
April 30, 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
no comments yet
April 30, 2018

Existing Home Sales Grow Despite Low Inventory [INFOGRAPHIC]

Existing Home Sales Grow Despite Low Inventory [INFOGRAPHIC] | MyKCM

Some Highlights:

  • According to the latest Existing Home Sales Report from the National Association of Realtors, sales grew 1.1% in March to an annual pace of 5.60 million.
  • This is the strongest pace since November of 2017.
  • Inventory levels dropped year-over-year for the 34th consecutive month and are now 7.2% lower than March 2017 levels, representing a 3.6-month supply.
Posted in Buying a Home
no comments yet
April 26, 2018

Best burgers in Phoenix, Arizona??? This place is amazing!

Chantell and I had lunch here, and boy I have to say it was fresh and delicious!! Located over by 20th street and Camelback in Phoenix (in the Town & Country Plaza), Hopdoddy Burger Bar is a nationally recognized, Austin-born burger + beer joint. Hopdoddy grinds their meats in-house daily and offers a variety of the freshest available, all natural proteins like Angus beef, Grass Fed Kobe beef, chicken and sushi-grade tuna that are stacked between baked-from-scratch buns. They have a vegetarian option, too! They serve hand-cut Kennebec fries, farm fresh salads, and handcrafted milkshakes.  They also carry an array of local craft beers on tap, can and bottle as well as a full bar featuring regional spirits, house made liqueurs and freshly squeezed juices. Check it out!

-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
no comments yet
April 26, 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
no comments yet
April 26, 2018

“Short of a war or stock market crash…”

“Short of a war or stock market crash…” | MyKCM

This month, Arch Mortgage Insurance released their spring Housing and Mortgage Market Review. The report explained that an increase in mortgage rates and/or home prices would impact monthly payments this way:

  • A 5% increase in home prices increases payments by roughly 5%
  • A 1% rise in interest rates increases payments by roughly 13% or 14%

That begs the question…

What if both rates and prices increase as predicted?

The report revealed:

“If interest rates and home prices rise by year-end in the ballpark of what most analysts are forecasting, monthly mortgage payments on a new home purchase could increase another 10–15%. That would make 2018 one of the worst full-year deteriorations in affordability for the past 25 years.”

The percent increase in mortgage payments would negatively impact affordability. But, how would affordability then compare to historic norms?

Per the report:

“For the U.S. overall, even if affordability were to deteriorate as forecasted, affordability would still be reasonable by historic norms. That is because the percentage of pre-tax income needed to buy a typical home in 2019 would still be similar to the historical average during 1987–2004. Thus, nationally at least, even with higher rates and home prices, affordability will just revert to historical norms.”

What about home prices?

A decrease in affordability will cause some concern about home values. Won’t an increase in mortgage payments negatively impact the housing market? The report addressed this question:

“Even recent interest rate increases and higher taxes on some upper-income earners didn’t slow the market, as many had feared…Short of a war or stock market crash, housing markets could continue to surprise on the upside over the next few years.”

To this point, Arch Mortgage Insurance also revealed their Risk Index which estimates the probability of home prices being lower in two years. The index is based on factors such as regional unemployment rates, affordability, net migration, housing starts and the percentage of delinquent mortgages.

Below is a map depicting their projections (the darker the blue, the lower the probability of a price decrease):

“Short of a war or stock market crash…” | MyKCM

Bottom Line

If interest rates and prices continue to rise as projected, the monthly mortgage payment on a home purchased a year from now will be dramatically more expensive than it would be today.

Posted in Buying a Home
no comments yet

Categories

Archives

Arizona Homes For Sale or Rent

 

The Ultimate Guide to Central Phoenix