The market fluctuates constantly, so if you want to know what you will need to pay to get the home you want, analyze the market trends! If you are well versed on the market trends, it will allow you to avoid overreacting if your offer is rejected. While a home rejection is always painful, it’s […]
When you make the decision to sell your home, you need to be aware you are opening yourself up to a lot of uncertainty. While there are absolutely steps you can take to ensure the process runs smoothly, there are always unforeseen events that may throw your pending sale off course. As a seller the […]
Mortgage rates have fallen to levels not seen in nearly four years. The average 30-year fixed rate is now hovering around 6%, according to the latest data from Freddie Mac, a notable drop from the roughly 7.5% highs reached during the peak of the rate surge. That decline is meaningful on its own. But the […]
It’s the moment you’ve been waiting for… You’re ready to submit an offer on a home, which means it’s time to start the negotiations. Your realtor should be able to prep you in advance so that you are never blindsighted throughout the process. As you put together your offer, you want to closely look at […]
Selling a home is a large financial transaction that involves a written contract with legal obligations that must be fulfilled. As a result of this, the terms of a property contract are very black and white and there is rarely room for negotiation. Sellers are subject to penalties under contract law, so make sure you […]
One of the biggest questions I’m hearing right now from buyers across Greater Phoenix is simple: “If the Federal Reserve is cutting rates, why are 30-year mortgages still hovering in the high-5% to low-6% range?” It feels counterintuitive. For years, consumers were conditioned to believe that when the Fed cuts rates, mortgage rates automatically follow. […]
In the coming months, it’s important to watch whether Scottsdale’s elevated inventory levels persist, as sustained supply above seven months would continue to shift negotiating leverage toward buyers and place greater pressure on pricing accuracy. It will also be critical to monitor whether average prices remain elevated or return to normal as more mid-range homes […]
In the coming months, it’s important to watch whether Metro Phoenix inventory continues to build, as sustained supply above six months would keep negotiating leverage tilted toward buyers. It will also be critical to track whether pricing holds or softens as more mid-range homes close, since recent price gains were influenced by higher-end transactions rather […]
When you are in the home buying process, you really want to immerse yourself in the experience. This means: visiting neighborhoods you like, going to open houses, and booking private viewings with your agent to closely look at your favorite homes. Taking all of these steps will expedite the process of elimination for you and […]
The Federal Reserve left interest rates unchanged at its most recent policy meeting, a move markets largely expected but one that revealed deeper tensions both within and beyond the central bank. While the decision reaffirmed policy continuity, the vote itself told a more complicated story. Pressure from the White House to move toward lower borrowing […]