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3 Down Payment Money Saving Hacks to Help You Stash Cash Quickly

by Joe Bourland

3 Down Payment Money Saving Hacks to Help You Stash Cash Quickly  

Everyone wants to save more money, but figuring out how to do it is usually the hardest part. Especially when home buying is a part of your immediate future plans. Whether you’re looking to put down three percent or twenty percent towards your home, here are 3 down payment money saving hacks to help you stash cash quickly.

1.) Cut more overall costs: Anytime you can reduce the costs of your monthly expenses, it allows you to take that little extra that you’re saving and bank it into your savings account. Saving $25 a month on a lower bill may not seem like much but after a year that’s an extra $300 more that is available towards your down-payment goals. Anything from transitioning to a lower cellphone plan to switching to lower car insurance rates and more can help make the difference between contributing nothing to a savings account and hundreds.

2.) Build an account: It’s important to set up an account solely for your down payment so as not to be tempted to take money out for other uses. It is also recommended that you establish an automatic draw that automatically funnels money monthly, bi-monthly or weekly from your checking account so you don’t have to worry about it or end up tempted to spend the money rather than saving. Build your down payment savings stash by setting up a designated account that pays the most interest possible.

3.) Assistance programs: There are hundreds of down-payment-assistance programs that exist to help buyers come up with the costs associated with home buying. According to RealtyTrac, there are over 2,000 available programs across the country. Sites like Down Payment Resource are designed to help connect people with hard to find financial resources and helps deliver a list of programs for which you may be eligible for and contact information for participating lenders in your area. So in addition to saving towards your down payment home buying goals, don’t forget to look into extra resources.

Trying any of or all of these 3 money saving hacks to quickly save for a down payment can help you helps make it possible to achieve your home buying dreams faster. If you’d like to learn more about saving to buy a home or if you’re ready to begin your home search, please contact The Bourland Team today. We can help you navigate through each step of the home buying process and help you find the home of your dreams!

Joe Bourland
The Bourland Team
RE/MAX Professionals
623-322-8588
info@joearizona.com

www.joearizona.com
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February 2017 RE/MAX National Housing Report

by Joe Bourland

February 2017 RE/MAX National Housing Report

The February 2017 RE/MAX National Housing Report is in and January set records with the most sales, highest sales price and fewest days on the market in the reports nine year history. .

In the 53 metro areas surveyed, total sales were up 4.5 percent over January 2016, which was previously the January with the most sales. The Median Sales Price of $208,500 was up 4.3 percent and marked the tenth consecutive month of year-over-year price increases. The new January low of sixty-six Days on Market underscores the fact that inventory has declined year-over-year for ninety-nine consecutive months dating back to October 2008.

“January may have set the tone for the coming home-buying season with homes selling faster and at higher prices. Home-buyer demand is strong, and not enough sellers are listing to keep up with the demand, despite rising prices. At any rate, the beginning of 2017 continued the strong pace of 2016.” -Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder.

Over two-thirds of the fifty-three metro areas experienced an increase in sales year-over-year, with twelve experiencing double-digit increases. Based on the rate of home sales in January, the Months Supply of Inventory was 3.8, compared to December 2016 at 4.2 and January 2016 at 4.6. A 6.0-month supply indicates a market balanced equally between buyers and sellers.

Click here to download your copy of the February 2017 RE/MAX National Housing Report. If you’re thinking of selling or buying a home in Avondale, Litchfield Park, or Goodyear I can help you navigate through each step of the process to assist you with making the best real estate investment decisions. Let me help you with your real estate investment goals.

Joe Bourland
The Bourland Group
RE/MAX Professionals
623-322-8588
info@joearizona.com

www.joearizona.com
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Top 3 Negotiation Hacks for the Best Home Buying Deals

by Joe Bourland

Top 3 Negotiation Hacks for the Best Home Buying Deals

Looking to buy an Arizona home this spring? Even if you’ve purchased a home before and consider yourself to be a home buying pro, the housing market remains a constant changing tide. Even the best negotiators should be prepared to surf the waves. Before you settle on the first nicely priced home you find, you have to try these top 3 negotiation hacks for the best home buying deals.

1. Know the area: Knowledge is power so ask important questions. What are the comparable neighborhood sales? How long has the house been on the market? What‘s the seller‘s deadline? The more you know, the more well-constructed your offer will be.

2. Go the extra mile: Making an offer on a popular house with competing bids? Do what buyers trapped in the digital age of Facebook and text messages won’t do. Actually connect with the seller! Usually a seller sells a home filled with treasured memories and they want to know it will be taken care of. So if possible, a friendly handwritten letter spelling out your best intentions or even a sincere face to face meeting will only help you stand out favorably among your competition.

3. Simply ask. There’s no telling what you may be able to get when you buy a home so don’t be afraid to just ask!  If you expect a no, you may be pleasantly surprised with a yes. You can ask for an allowance or credit if there are costly repair items, ask for the seller to cover the closing costs, or even ask for a one year home warranty plan. 

If you’re ready to try these top 3 negotiation hacks for the best home buying deals, then contact the Bourland Group today! We can help you navigate through each step of the home buying process to assist you with negotiating the best real estate offers and finding the home of your dreams!

Joe Bourland
The Bourland Group
RE/MAX Professionals
623-322-8588
info@joearizona.com

www.joearizona.com
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This is why we do this.....

by Joe Bourland, The Bourland Team

Someone once asked me why I do what I do?  Why I work the long hours, weekends, up before the sun....why?  This is why.  Because I get to help people.  Real people with real stories who are looking to find the home of their dreams.  I get to hand them the keys, open their door and say welcome home!  It is my pleasure and my honor!  

A look at three well deserving families who closed on their homes today.  From an Adult Community, to a Condo in Phoenix to a House in the West Valley.  

Call me today and let me help you find the home that fits your dreams.  

Joe ~  623-322-8588


 

Top 5 Things to Do Before Officially Moving In

by Joe Bourland

Top 5 Things to Do Before Officially Moving In

Moving into a new Arizona home this spring? Congratulations! After months of saving, searching, waiting, and sifting through paperwork you’re finally ready to unload those moving boxes and start getting settled in. But before you unpack those boxes and lay out that welcome mat, don’t forget the top 5 things to do before officially moving in.

1. You’ve got the power!: There’s nothing worse than moving into your new home only to find you have no electricity. So don’t forget to disconnect the previous owner’s utilities and have them reconnected in your name. First time home buyer? Be sure to set up your utilities prior to move in so you won’t have to worry that you won’t have water or power your first night in your new home.

2. Connect to the net: Along with setting up your utilities, be sure to set up your internet service as soon as possible as some techs need to be booked weeks in advance. Save yourself the time and stress of being without internet by making this one of your first priorities prior to move in.

3 Update your address: The sooner you update your address, the better. Notify the post office immediately of your new address and then contact businesses and government bodies individually and promptly to make sure your mail is going to the correct place. Don’t forget to contact your primary care physician, car insurance and bank to let them know that you’ve moved too!

4 Have spare keys cut: You know what’s worse than being super stressed on move-in day? Being unable to locate your keys in the shuffle of the move! Have spare keys cute as soon as you receive the keys to your new house because it’s easy to lose them in all the hullabaloo of moving. You’ll thank yourself later, trust us.

5. Pack a first night box: Welcome to your new home. Now where in the world are the toilet paper and your pajamas? Being proactive and having a first night box or bag is a must when moving in. Having your basic toiletries and other essentials close by and clearly marked can help make your first night in the new place less stressful and more comfortable for everyone.

Remember these top 5 things to do before you officially move in and you’ll have just that much less on your to-do list as you settle in to your new home. If you’d like a move-in checklist or if you are looking to buy or sell your Avondale home, call the Bourland Team today.  We’ll help you navigate through each step of the process to assist you with making the best real estate investment decisions and find the perfect home for you!

Joe Bourland
The Bourland Group
RE/MAX Professionals
623-322-8588
info@joearizona.com

www.joearizona.com
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Luxury Urban Living at an Affordable Price

by Joe Bourland

Luxury Urban Living at an Affordable Price 

They say location is everything when it comes to real estate, and this Richmond American built home is minutes from every urban amenity you could dream of. Central to the entire Valley with easy access to major freeways for commuting, Sky Harbor International Airport, and only five miles away from the active downtown Phoenix scene where you can enjoy an array of fine dining, breweries, art galleries, shopping, the theater, sports and concert venues. If you prefer to the pampered lifestyle, you will enjoy knowing that the world-class Arizona Grand Hotel with 5-star golf, spa, athletic club and water park are just minutes away.

The single-story, split floor plan is nearly 2,400 square feet and features four bedrooms, two baths and a formal living areas. The spacious family room overlooks the well-appointed kitchen, where you will appreciate the recent updates that will make you feel like you are living the luxury life at an affordable price. Convenient kitchen island with counter seating is a great place for those quick meals-on-the-go. The rich granite countertops compliment the sleek white cabinets, and the stainless appliance package is the final touch in this beautiful kitchen space.

New paint, new fixtures and new flooring which includes a combination of tile and wood, and no carpet anywhere in the home. The grounds are just as impressive, where the amenities continue. The sparkling pool has a pebble-finish with a relaxing waterfall and grotto. Here you can take in the amazing Arizona scenery with a fantastic view of South Mountain, which you should also know is just minutes away. If you love to horseback ride, hike or hit the trails with your mountain bike, you can do that in the South Mountain Park.  

Las Colinas is a private, gated community tucked away in the heart of South Mountain. If you are looking for luxury urban living at an affordable price, you don’t want to miss 7617 S 18th Way, in Phoenix, Arizona. Contact the Bourland Group today to arrange your private tour today.

Joe Bourland
The Bourland Group
RE/MAX Professionals
623-322-8588
info@joearizona.com

www.joearizona.com
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4 Signs Its Time to Call a REALTOR®

by Joe Bourland

4 Signs Its Time to Call a REALTOR® 

Thinking of selling your home on your own? There are plenty of online sources that might make it look easy to do, but selling a home is not a simple process. If you are considering selling your home as a FSBO (for sale by owner), here are 4 signs that it might be time to call a professional REALTOR®.

  1. You don’t know what price: picking the right price to list your home might be one the most important steps in successfully selling your home. If you price it too high, it will sit on the market too long, but if you price it too low, you may leave your hard-earned money on the table. A REALTOR® has access to other home sales, data and factors that influence home values in your neighborhood.
  2. You are tossing and turning at night: if you are losing sleep over the sale of your home, its time to call at REALTOR®. In fact, not only will you be able to get a good night’s sleep you might just make more money too. According to the National Association of REALTORS® the typical for sale by owner home sold for $185,000 in 2015 and that same home sold for $240,000 with the help of a REALTOR®.
  3. You think your outdated appliances are vintage: contrary to our favorite reality TV shows, most home buyers are not looking to buy a home with outdated features. They want a home that meets their lifestyle needs, with modern updates that are energy-efficient and stylish. Deciding on what to update in your home is a daunting task, and a costly one. A REALTOR® will be able to advise you on what updates will net you the biggest bang for your buck.
  4. The word “staging” reminds you of Shakespeare: The National Association of REALTORS® has found that homes which have been professionals staged sell for more. A REALTOR® can help you with furniture placement and decluttering hacks to help showcase your home’s best features. If you need more help, a REALTOR® will be able to connect you with a professional stager that won’t break the bank.

Ready to make a move? Give us a call today!

Joe Bourland
The Bourland Group
RE/MAX Professionals
623-322-8588
info@joearizona.com

www.joearizona.com
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FHA to reduce MIP (Mortgage Insurance Premium)

by Joe Bourland

The article, Federal Housing Administration to reduce annual insurance premiums, saving homeowners avg $500 this year, from www.cnbc.com, reports that U.S. Housing and Urban Development Secretary Julián Castro said on Monday the Federal Housing Administration will reduce the annual premiums most borrowers will pay by a quarter of a percent.  

The FHA is reducing its annual mortgage insurance premium by 25 basis points for most new mortgages with a closing or disbursement date on or after Jan. 27. The new rates are projected to save new FHA-insured homeowners an average of $500 this year, Castro said. The secretary said consumers are facing higher credit costs as mortgage interest rates increase. "After four straight years of growth and with sufficient reserves on hand to meet future claims, it's time for FHA to pass along some modest savings to working families," said Castro.

The new rates come as the FHA enters a fourth straight year of improved economic health, the administration said. The FHA gained $44 billion in value since 2012. "We've carefully weighed the risks associated with lower premiums with our historic mission to provide safe and sustainable mortgage financing to responsible homebuyers. Homeownership is the way most middle class Americans build wealth and achieve financial security for themselves and their families," Ed Golding, principal deputy assistant secretary for HUD's Office of Housing, said in the report.  

Here is the link to the entire article: http://www.cnbc.com/2017/01/09/federal-housing-administration-to-reduce-annual-insurance-premiums-saving-homeowners-avg-500-this-year.html

Joe Bourland
The Bourland Group
RE/MAX Professionals
623-322-8588
info@joearizona.com

www.joearizona.com
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Metro Phoenix new-home prices ready to rise in 2017

by Joe Bourland

The article, Metro Phoenix new-home prices ready to rise in 2017, from www.azcentral.com, reports that Arizona housing analyst Jim Belfiore predicts new-home prices in the Valley will climb an average of 7 percent to 9 percent this year. In 2016, new-home prices in the area climbed about 2 percent. 

“Appreciation is the biggest issue for the home-building industry now,” Belfiore told a packed room of home builders, developers and others in the real estate industry at his annual Valley housing forecast on Thursday. That’s because the cost of building has climbed 50 percent in the past two years,” he explained. A panel of metro Phoenix home builders and a developer with more than 60,000 acres in Arizona spoke before Belfiore and emphatically made the point about home-price increases not keeping up with building costs. “The market’s recovery feels good now but not great,” said Meritage Homes Corp. CEO Steve Hilton. “Home costs are up, but margins are low.” Valley builders are out of the bargain land they were able to buy during the housing crash in the Great Recession, and a shortage of construction workers has driven up building costs.

 The median price of a new Valley home was about $311,000 in November, according to RL Brown’s Phoenix Housing Market Letter. That’s only about $1,000 more than it was in June of last year. Home builders also  can likely raise prices more this year because demand from buyers has picked up. Belfiore is predicting more than 21,000 houses will go up in the Phoenix area this year. Based on what the builders said at the forecast, most of the new homes will be more affordable and geared toward first-time buyers, particularly Millennials. The home builders on the panel all agreed they would focus on more affordable homes to try to tap the growing number of first-time buyers in metro Phoenix this year. 

Here is the link to the entire article: http://www.azcentral.com/story/money/real-estate/catherine-reagor/2017/01/06/metro-phoenix-new-home-prices-ready-rise-2017/96208234/

Joe Bourland
The Bourland Group
RE/MAX Professionals
623-322-8588
info@joearizona.com

www.joearizona.com
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The article, Arizona cracks top 10 for attracting people moving from other states during 2016, from www.azcentral.com, reports that Arizona might be emerging as a hot destination for newcomers, according to a new survey that tracks state-to-state migration patterns. The annual report by United Van Lines places Arizona as the 10th-highest state for attracting people moving from other states during 2016. Arizona didn't crack the top 10 in the 2015 survey. In the 2016 study, South Dakota overtook Oregon, which had held the top spot for the previous three years. After South Dakota, Vermont placed second in attracting newcomers, followed by Oregon, Idaho, South Carolina, Washington, the District of Columbia, North Carolina, Nevada and Arizona. New jobs, company transfers and retirement are among the main reasons that people pack up and move from one state to another. Pacific and Mountain states have been especially strong in luring retirees, according to the study. A desire to be closer to family members is another important motivation. For top-ranked South Dakota, 68 percent of moves to or from the state were inbound. In Arizona, in 10th place, 57 percent of total moves were inbound.  

Here is the link to the entire article:  http://www.azcentral.com/story/money/business/2017/01/03/arizona-cracks-top-10-attracting-people-moving-other-states-during-2016/96111018/



 

The article, Arizona ends year on strong income and population growth, from the Phoenix Business Journal, reports that Arizona’s population is poised to top 7 million people next year, based on average and highest growth rates since 2010, according to the U.S. Census Bureau. Added to that estimate, the Bureau of Economic Analysis reports personal income in Arizona increased 1 percent in the third quarter this year over the second quarter. The 1.7 percent population increase for 2016 over 2015 makes the state the eighth fastest-growing state in terms of percentage growth. In terms of the number of new residents, Arizona ranked fifth nationally, adding 114,000 newbies and taking the population to 6.9 million. Arizona ranked No. 20 for personal income growth over last year gaining 3.8 percent in the last 12 months. The advanced industry sectors saw the highest increases in earnings growth in the third quarter over the second quarter. Management wages rose 4 percent. Education wages rose 2.9 percent in the quarters. Financial services and business services were up 2.5 percent. Leisure and hospitality wages was up 2.3 percent.  

Here is the link to the entire article: http://www.bizjournals.com/phoenix/news/2016/12/20/arizona-ends-year-on-strong-income-and-population.html

 

 

Joe Bourland
The Bourland Group
RE/MAX Professionals
623-322-8588
info@joearizona.com

www.joearizona.com
Search our Listings
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