Scottsdale Real Estate Blog - News & Articles

Real Estate Market Predictions for the Remainder of 2023

If you are a buyer or seller, or both, of real estate in 2023, you can easily tell that there has been a shift away from the crazy Seller's Market we saw in 2020, 2021, and the beginning of 2022. Prices are easing and homes are remaining on the market longer.

The real estate market in the US saw a rise in mortgage rates last year, which affected both demand and price appreciation. Availability of homes is no longer the main concern, although inventory still remains lower than normal, but affordability is a great factor for many home buyers. The real estate market is expected to finally stabilize due to the increase in mortgage rates. 

What will happen with mortgage rates?

Economists predict that mortgage rates will fluctuate less this year…

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Things to Avoid When Putting Your Scottsdale House on the Market

Scottsdale's market stands for one of the hottest markets in the Greater Phoenix area. Although the market has been cooling with higher interest rates, we still have buyers competing for a properly priced property that is clean, up-to-date, and shows well. Bidding wars here are exactly that - wars. However, the explosive atmosphere we saw in the beginning of the year seems to lull today's sellers into thinking that selling is a piece of cake and that they don't need to put in much effort. In reality, even in the hottest market, it's not enough to exist and have a property to sell. Besides, the competitive kind of sale will make the potential buyers offer less. So, let's go over some things to avoid when putting your Scottsdale house on the market with…

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What Expenses to Expect When Buying a Home in Scottsdale

Buying a home can be an expensive and challenging endeavor that will require a lot of effort and patience from your side. When we talk about buying a property, expenses usually come to your mind first. It is ok to dream of owning a specific home, but it's the expenses that keep you from owning that piece of property. There are the "usual" ones, but some can slip below the radar and cause complications later. This article is dedicated to uncovering what expenses to expect when buying a home in Scottsdale.

Type of expenses when buying a home

Before we discuss specific expenses and what to expect, let's take a minute to analyze the types of costs. Generally speaking, you divide expenses into two groups:

Upfront expenses:

• downpayment
• …

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The Scottsdale Real Estate Market and the State of Inflation: What You Need to Know

It's no secret that the real estate market has had ups and downs since the Great Recession of 2008. Prices fell precipitously during the crisis after reaching an all-time high in 2006 and have risen at a high pace in the past couple of years. The Federal Reserve has maintained interest rates at historically low levels in the meantime in an effort to promote economic expansion.

What will happen to the Scottsdale real estate market is the issue on everyone's mind right now as the economy keeps growing and inflation begins to increase. To help you better understand what to anticipate in the months and years ahead, we'll look more closely at the housing market and inflation in this article.

What is inflation?

Inflation is when prices for…

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Are Millennials Buying Property in Scottsdale?

As the years pass by, more and more millennials are becoming homeowners. Current moving trends in the United States suggest that Arizona, especially the Greater Phoenix metropolitan area, is one of the most popular places among Americans looking to relocate. Scottsdale is one of those cities in the valley that has become appealing to people from all over the US. But, the question is, are millennials buying property in Scottsdale? This age group often dictates the growth of many cities, so when a particular place becomes appealing to millennials, the potential is enormous. That's why our team has decided to analyze this topic. Throughout this article, we'll get into Scottsdale real estate and moving trends and see if millennials are interested in…

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8 Reasons Why Scaffolding Is Important During Construction

Introduction

Are you planning to construct a project? Then scaffolding comes immediately to mind. Isn’t it? Yes!! Because, whether you are building a large commercial structure or an addition to your home, scaffolding plays a significant role in construction. The construction industry relies on scaffolding to make life easier for workers. No matter the size of the project, regardless of its age, this is a valuable and life-saving structure for workers.

There are many reasons why scaffolding is important in the construction industry. In this article, we will discuss eight reasons why it's necessary to invest in well-designed scaffolding for construction projects. So let’s get started.

Why Is Scaffolding Important During Construction?

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New Laws Allow Paradise Valley to Fight Disruptive Short Term Rentals

Imagine owning a multi-million dollar Paradise Valley home (which is the highest-priced town in all of Arizona) and dealing with the noise, litter, and other inconveniences of short-term rental tenants at a nearby house. Paradise Valley, AZ, has attempted to create its own rules governing short-term rentals but has been hit with fines because its rules were going against the state of Arizona's short-term rental (STR) laws.

Why would the state allow such disruptive rental practices? Arizona is truly a destination state, and the state and towns earn revenue from STRs. These owners usually have to pay a permit fee and can be fined, plus they have to pay taxes on the Paradise Valley homes and income. 

I was surprised to hear about a commotion that…

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Out of Africa Wildlife Park - Camp Verde

I’ve already written a post about my son and my first visit to Out of Africa Wildlife Park before it moved to its new location in Camp Verde, Arizona. On our first visit to the new digs, they had just moved and were still building. I loved it when it was a little dumpy-looking attraction (from the exterior, before we went in) in Fountain Hills and it’s even better now in the new Camp Verde location. It is so much bigger and what a difference for the animals!

Every time we have newcomers to Arizona we ask them if they'd like to visit Out of Africa Wildlife Park. This time my family was in for Thanksgiving from California. I was happy to introduce them all to Out of Africa.

Feeding the giraffe

We always try to get on this tour as soon as we get…

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How Decluttering Can Help You Sell Your Scottsdale Home

Get your home organized and decluttered because potential buyers are known to be put off by chaos and mess. Decluttering can help you sell your home, but you'll start over in your new house with a peaceful, clutter-free environment. For many of us, cutting back on possessions is challenging because many things have a sentimental value associated with them in the form of memories and experiences. In contrast, others simply feel comfortable in a home full of their favorite items. But now is the time to start thinking about selling. The hard truth is that you have to make the best first impression on potential purchasers who are not interested in or need your recollections.

Buyers choose a home they can easily picture as their own and value storage…

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9 Ideas to Recreate Your Outdoor Patio Space

Unless you really love sitting outside much of the time, which is a bit more difficult with our hot Scottsdale summers, you spend more thought and time in making the inside of your Scottsdale home designed the way you like it. Maybe comfort is your goal, or you love current design trends. I like mixing the two. 

For many people, their backyards just don't get as much love. Following are some ideas you can follow to make your exterior as comfortable and lovely as the inside of your home.

1. Create a comfortable sitting area

When we moved to our new house with a nice covered patio, my first thought was getting a u-shaped outdoor seating set. This set is all hooked together so it appears to be one large sectional. I sit on it almost every…

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