Scottsdale Real Estate Blog - Real Estate

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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How to make the home buying process less stressful

If you are planning to buy a house, you are in for a real rollercoaster of emotions! Home buying can be thrilling, nerve-racking, and exciting all at once. Whether you've done this a couple of times or you are a first-time home buyer, it's a fact that the whole process can be confusing. So if your emotions make you feel overwhelmed, perhaps it's time to take a step back and seek the necessary information to ease your stress. We've created a list to answer your question about how to make the home buying process less stressful. Here are the ways to minimize stress when searching for your dream home.

Tips on how to make the home buying process less stressful

Home buying is one of the most important milestones in one's life and a reason to…

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How to Buy and Sell a Home at the Same Time

If you decide to buy and sell a home at the same time, you will see that this can be a complicated process that requires careful planning and preparation. Many homeowners find themselves in this circumstance, whether moving for employment, downsizing or upgrading to a larger property. It is crucial to get into the process of knowing exactly what you want to achieve.

Timing, contingency clauses, and flexibility are a few things to think about. You may handle the process with confidence and simplicity by taking the time to comprehend these elements and working with a seasoned real estate agent. In this post, we'll look at some of the most important advice and tactics for simultaneously purchasing and selling a property.

This is an essential step…

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What is the Difference Between Mortgage Pre-qualification and Pre-approval?

A guest author just wrote an article on benefits of getting pre-approved before purchasing a home getting pre-approved before buying a home. It really isn't just an idea or suggestion, most sellers will not accept an offer without at least a pre-qualification letter. If a seller doesn't understand the importance of this, the listing agent will educate them.

How it used to be done

When I first started selling real estate in 1983 there were no pre-qualification expectations. We would go through an entire loan process, waiting on pins and needles to see if the buyers would get approved for the mortgage. In many cases, they didn't.

In fact, we did our own pre-qualification process. We would just ask the buyers questions about their job history,…

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Benefits of Getting Pre-Approved Before Purchasing a Home

When buying a home, the typical sequence of events should be to first find the right property and then deal with the loan, right? Well, there are some significant benefits of getting pre-approved before purchasing a home. They can make a very important difference in many ways. Read on and discover how putting this step ahead of others gives you a head start.

Uncertainty will not torture you as much

Getting pre-approved before purchasing a home can take the uncertainty out of the process

Unless you have cash prepared, you will probably need a loan to buy yourself a house or an apartment. You may even be sure a bank will provide you with a certain amount. But nothing is certain until the loan provider says it is. Even if you are an expert in…

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6 Reasons Cave Creek is the Perfect Place to Raise a Family

Are you considering moving to Cave Creek, Arizona?

If the answer is Yes, keep reading because we've prepared a list of 6 reasons Cave Creek is the perfect place to raise a family. Relocating to a new city is a significant decision. Hopefully, this blog post can help you make the final decision easier. Let's get going!

1. Cost of Living

When selecting a new home, the cost of living is an essential factor. Cave Creek has a cheaper cost of living compared to most other cities in the state and the nation.

On a state and federal level, certain places may have greater expenses than others. Still, on average, housing, utilities, groceries, transportation, health care, and other products and services are less expensive in Cave Creek.

The…

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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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A Must-Have Checklist for First-Time Home Buyers

Out of all milestones in life, buying a home for the first time is a significant one. We are talking about a substantial investment that will change every aspect of your life. But you must remember that the mistakes you make throughout this process may cost you considerably. Therefore, you must be thorough, take care of every detail, and even consult a Scottsdale real estate agent. Here's a must-have checklist for first-time home buyers to ensure that you find a property that is perfect for you and your lifestyle.

The first item on the checklist for first-time home buyers is – the budget

Under no circumstances should you start looking for a property before you decide on your budget. Firstly, you may end up very disappointed if you realize all…

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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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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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