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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 You think your outdated appliances are vintage: contrary to our favorite reality TV shows, most home buyers are not looking to buy a home with outdated features.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
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For Sale in Garden Lakes

by Joe Bourland

For Sale in Garden Lakes 

For sale in Garden Lakes located in Avondale, Arizona this well-maintained single story home is move-in ready. Over 2,000 square feet with three bedrooms, two baths in a split floor plan with a great room concept, complete with a cozy fireplace. Upgrades galore including stunning hardwood floors, tile in all the right places, newer stainless appliances and refinished cabinetry in the kitchen. The master bedroom oasis features a beautiful tiled walk-in shower, jetted garden tub, double sinks and of course a generous walk-in closet.

Garden Lakes is located in the heart of Avondale, Arizona and is one of the West Valley’s most coveted neighborhoods. Residents can enjoy numerous bike or walking paths while taking in the gorgeous lakefront views.

Sitting on a large corner lot, the property is surrounded by mature desert landscaping.  And an added bonus is the recently installed five ton Trane energy efficient air conditioner! For more information regarding 3319 N 114th Drive, Avondale, Arizona please click here. If you or someone you know would like to schedule a personal tour of this Garden Lakes property, please 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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December National Housing Report from RE/MAX

by Joe Bourland

December National Housing Report from RE/MAX 

Despite the typical winter slowdown, November home sales finished 19.1 percent above a year ago and prices increased 1.4 percent over October. All but one of the fifty-three markets in the December National Housing Report from RE/MAX posted an increased number of sales over November 2015, with nearly half of the markets at least 20 percent higher.

The continued decline of inventory and talk of rising interest rates may have contributed to November’s surge of home sales,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. Over the past eleven months, the majority of markets have seen home prices return to their pre-recession levels, reaffirming that 2016 has been the best year for the housing market since the recession.”

Year-over-year, 2016 has posted price increases or stayed flat in all 11 months to date, and sales increases in nine months. November posted the largest percentage year-over-year sales increase thus far in 2016. With the Phoenix market ranked number one with a projected increase of home values by 5.94 percent and a sales growth at 7.24 percent according to realtor.com, we could continue to see positive reports like this in the New Year.

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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Ring in the New Year in Avondale, Arizona

by Joe Bourland

Ring in the New Year in Avondale, Arizona 

Ring in the New Year in Avondale, Arizona at the Main Event on Saturday, December 31st, 2016. This New Year’s daytime celebration will start at 9:00am through 5:00pm with a signature balloon drop at 1:30pm which is the perfect way to celebrate with kids of all ages. At 5:00pm is a party for the adults, with music, party favors, and a champagne toast at midnight.

The fun doesn’t stop there though! The Main Event will be open at 11:00am on Sunday, January 1st, 2017 so you can continue ringing in the New Year in Avondale, Arizona. They are also offering an all-you-can-play activities and 3-hour video game play for $24.95 during the day and $27.95 that night.

The Main Event is located in Avondale, Arizona at 10315 W McDowell Rd. For more details about the venue location, you can call 623-936-5300. No reservation is required.

We hope to see you in Avondale, Arizona on New Year’s Eve!

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

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A Visit From St. Nicholas

by Joe Bourland

A Visit From St. Nicholas 

A Visit From St. Nicholas Written by Clement Clarke Moore

Twas the night before Christmas, when all through the house 
Not a creature was stirring, not even a mouse; 
The stockings were hung by the chimney with care, 
In hopes that St. Nicholas soon would be there; 
The children were nestled all snug in their beds; 
While visions of sugar-plums danced in their heads; 
And mamma in her 'kerchief, and I in my cap, 
Had just settled our brains for a long winter's nap, 
When out on the lawn there arose such a clatter, 
I sprang from my bed to see what was the matter. 
Away to the window I flew like a flash, 
Tore open the shutters and threw up the sash. 
The moon on the breast of the new-fallen snow, 
Gave a lustre of midday to objects below, 
When what to my wondering eyes did appear, 
But a miniature sleigh and eight tiny rein-deer, 
With a little old driver so lively and quick, 
I knew in a moment he must be St. Nick. 
More rapid than eagles his coursers they came, 
And he whistled, and shouted, and called them by name: 

"Now, Dasher! now, Dancer! now Prancer and Vixen
On, Comet! on, Cupid! on, Donner and Blitzen
To the top of the porch! to the top of the wall! 
Now dash away! dash away! dash away all!" 
As leaves that before the wild hurricane fly, 
When they meet with an obstacle, mount to the sky; 
So up to the housetop the coursers they flew 
With the sleigh full of toys, and St. Nicholas too— 
And then, in a twinkling, I heard on the roof 
The prancing and pawing of each little hoof. 
As I drew in my head, and was turning around, 
Down the chimney St. Nicholas came with a bound. 
He was dressed all in fur, from his head to his foot, 
And his clothes were all tarnished with ashes and soot; 
A bundle of toys he had flung on his back, 
And he looked like a pedler just opening his pack. 
His eyes—how they twinkled! his dimples, how merry! 
His cheeks were like roses, his nose like a cherry! 
His droll little mouth was drawn up like a bow, 
And the beard on his chin was as white as the snow; 
The stump of a pipe he held tight in his teeth, 
And the smoke, it encircled his head like a wreath; 
He had a broad face and a little round belly 
That shook when he laughed, like a bowl full of jelly. 
He was chubby and plump, a right jolly old elf, 
And I laughed when I saw him, in spite of myself; 
A wink of his eye and a twist of his head 
Soon gave me to know I had nothing to dread; 
He spoke not a word, but went straight to his work, 
And filled all the stockings; then turned with a jerk, 
And laying his finger aside of his nose, 
And giving a nod, up the chimney he rose; 
He sprang to his sleigh, to his team gave a whistle, 
And away they all flew like the down of a thistle. 
But I heard him exclaim, ere he drove out of sight— 

“Happy Christmas to all, and to all a good night!”

From all of us at The Bourland Group, we want to wish you a very happy, healthy and safe holiday weekend! Happy Holidays!

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

www.joearizona.com
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Giving Back For The Holidays

by Joe Bourland

Giving Back For The Holidays 

Throughout the year, we are involved in a variety of community outreach events, as we believe that giving back is an essential part of our business. This time of year we are full of hope, joy and the spirit of giving, and that is the perfect recipe that we need to give back to those less fortunate. Here are 5 ways that you can get involved today:

Clear Out Your Pantry: why not clear out your pantry with canned food and other non-perishable items that can be donated to a local food bank? Unfortunately Arizona is among the highest of those suffering from food insecurities. The national average is 15.9 percent, when compared to Arizona’s 17.8 percent.

Animals Love the Holidays Too: local animal shelters always need volunteers to walk and social with the animals. There are critical daily chores that need to be done, even during the holiday season.

Visit a Retirement Community: the holidays can be especially lonely for our seniors. Spend an afternoon spreading some holiday cheer at a local retirement community!

Donate a Toy to PCH: did you know that every child who is currently admitted to Phoenix Children’s Hospital receives a holiday toy? Every year, PCH gives away thousands of toys to sick kids, and they need our help. Your donation could be the one that makes a difference in the heart of a sick child.

Volunteer at a Soup Kitchen: You can get involved with the National Coalition for the Homeless this holiday season – help serve a holiday meal or volunteer a local shelter.

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

www.joearizona.com
Search our Listings
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2017 Real Estate Trends

by Joe Bourland

2017 Real Estate Trends 

Post-election concerns have left many asking questions about the 2017 real estate market. While some predict a strong economy and a healthy real estate market, others are concerned about possible interest rate hikes, and inflation issues. According to the 2017 Housing Forecast provided by realtor.com, the Phoenix-metro area is ranked number one with a projected increase of home values by 5.94 percent and a sales growth at 7.24 percent.

Will Interest Rates Go Up? President-elect Trump has not been shy about his intentions to increase interest rates, and we are already seeing that trend happening in the mortgage industry. However, higher interest rates have the potential to reduce stringent lending regulations, which could result in more credit opportunities for qualified homebuyers. It is hard to predict when the Federal Reserve will pull the trigger, and there has been speculation throughout 2016 that an increase is in fact on the horizon – but how much is yet to be seen.

Millennials Finally Commit: Millennials have replaced the baby boomers, and are now considered the largest generation in the U.S. and they are ready to buy a home. With improvements in the economy, and more employment opportunities, the millennial generation is in a better position financially to own a home—and they are finally ready to commit to homeownership. It is predicted that this group of first-time home buyers will lead the housing demand in 2017.

To Move or Not to Move, That is the Question: One trend that has contributed to the lack of available homes for sale, we will continue to see in 2017 – and that is whether or not current homeowners decide to buy up or remodel their existing property. If interest rates do in fact go up, we may see even more homeowners hanging on to their low interest rates and choosing cash in their equity to remodel instead of moving.

As with any market, we do not have a crystal ball however, we do know that owning a home is a rewarding experience both emotionally and financially. If you or someone you know is interested in learning more about buying or selling a home in the west valley, please give The Bourland Team a call today! We have the local experience that will help you make a smart, and informed decision.

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

www.joearizona.com
Search our Listings
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