With the Recent Rate Hikes, Is Now the Right Time to Buy a New Home?


Is now a good time to buy a home, or should you wait? I’ve got the answer for you in today’s video.

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A great mentor of mine once told me, “You don’t wait to buy real estate. You buy real estate and wait.” It seems that all we hear about in today’s current market is whether or not to buy now. So, when is it a good time to buy, and how does the Fed’s most recent rate hike play into that?

First, the trend has been that since the Fed began raising rates last year, interest rates for mortgages have actually gone down. If that continues, it could mean lower interest rates for mortgages in the short term.

The economy continues to do well. Unemployment and inflation rates are still low, which gives the Federal Reserve more confidence to raise rates at this point.
You don’t wait to buy real estate—-you buy real estate and wait.
Finally, the Fed rate hike, which is usually meant to cool the economy, might actually do the opposite. Since the Fed starting raising the federal funds rate in December 2016, mortgages are actually up 2.5% year over year. This means that more people are applying for mortgages now than they were last year.

So, should you wait to buy a house? While the price of homes continues to rise, mortgage rates are still low, making it more affordable than ever to lock in that great mortgage rate and get into the home of your dreams.

If you have any other questions, or you’re looking to buy or sell a home, please give me a call. I look forward to helping you!

Can You Purchase a Home With No Money Down?


Today I’d like to share three ways to get into a home for zero money down.

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A common misconception in real estate is that when you’re buying a home you will always need to put 20% down. 

However, this simply isn’t the case. In fact, there are many options out there that will allow you to buy a home with zero money down. Today, I’m going to share three ways to do this.

The first way is the USDA program. If you are looking for a property and are doing so in a designated rural area, you can buy that property for zero money down. The property doesn’t need to be a ranch or farm. In fact, many properties on the outskirts of the Phoenix Valley qualify. 

Next, if you are a veteran, you can buy a property with zero money out of pocket using the VA loan. If this is something you qualify for, I would be more than happy to help you discuss the details. 
You could literally be buying a house for less than it would take to rent.
The final option is one that many people may not have already heard of. Down Payment Assistance, or DPA, programs are designed to ensure that buyers don’t need to put anything down. Currently, bond programs falling under this category in Maricopa County will gift you the money for your down payment. 

To qualify for this your FICO score must be above 620, and if you’re married you or your spouse must make under $88,000 a year. This is a great option not a lot of people know about. Though it has been ongoing for quite some time already, we never know when the federal government may decide to end it. 

I’ve personally worked with many people using this last option. In these cases, we negotiate the closing cost of the loan to be paid for by the seller. This means that at closing, you are putting nothing down. You could literally be buying a house for less than it would take to rent. 

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

What Are the 10 Hottest Home Improvement Trends of 2017?

If you want to do some home improvement, here are 10 of the hottest home improvement trends of 2017.

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If you’re planning on doing some home improvement, you might as well follow what people want so you can improve your home’s value and get a good return when it comes time to sell it or refinance. Here are the hottest home improvement trends of 2017:

10. Open kitchen shelves

9. Stain-resistant fabrics

8. Stacked stone

7. Gravel landscaping

6. Bathroom remodels

5. Smarthome improvements

4. Neutral textures & pastel shades

3. Cut & loop carpets

2. Kitchen remodels

1. Pendant lighting

As you can see, there are a few mainstays and a few newcomers. Pastel shades are making a comeback. Kitchen and bathroom remodels are always in the conversation for the smartest improvements you can make to your home. Smarthomes are becoming more and more relevant as technology progresses.

If you have any questions about making improvements to your home or any other real estate topics, don’t hesitate to reach out to me. I’d be happy to help.