Tag Archive for: Buying A New House

New communities coming to Scottsdale/Phoenix


New communities coming to Scottsdale/Phoenix


Scottsdale, Arizona, continues to attract residents with its vibrant lifestyle and stunning desert landscapes, and several new communities are emerging to meet the growing demand. These exciting developments offer a range of housing options, modern amenities, and easy access to Scottsdale’s cultural and recreational offerings.

  1. Desert Ridge Estates: This upscale community will feature 150 single-family homes, ranging from 2,500 to 4,000 square feet. Designed with elegance and functionality in mind, these homes will showcase modern architecture and luxurious finishes. Residents will enjoy amenities such as a community clubhouse, pool, and walking trails, providing a resort-like living experience.
  2. Sonoran Retreat: With 80 townhouses and condominiums, Sonoran Retreat offers a contemporary urban lifestyle. These stylish homes will range from 1,200 to 2,000 square feet and will feature open floor plans, high-end appliances, and stunning views. The community will boast a fitness center, rooftop terrace, and a dog park, providing residents with both convenience and leisure.
  3. Pinnacle Heights: Nestled against the picturesque McDowell Mountains, Pinnacle Heights will consist of 250 single-family homes. Ranging from 2,800 to 4,500 square feet, these homes will exude luxury and offer breathtaking views. The community will provide residents with amenities such as a private golf course, tennis courts, and a community center, fostering an active and engaging lifestyle.
  4. Paradise Springs: With 120 homes designed for modern living, Paradise Springs will offer a mix of single-family residences and townhomes. Ranging from 1,800 to 3,000 square feet, these homes will showcase contemporary designs and energy-efficient features. The community will feature parks, playgrounds, and walking paths, creating a welcoming environment for families.

These new communities in Scottsdale prioritize creating a strong sense of community and providing residents with an exceptional quality of life. Each development offers a unique blend of amenities, ranging from pools and fitness centers to parks and community centers, catering to diverse interests and lifestyles. With their convenient locations and proximity to Scottsdale’s attractions, these new communities provide residents with easy access to shopping, dining, entertainment, and outdoor recreational activities.

Furthermore, Scottsdale’s excellent schools, healthcare facilities, and transportation infrastructure add to the appeal of these new communities. With their well-designed homes, modern amenities, and the natural beauty of the desert surroundings, these new developments in Scottsdale offer residents an opportunity to embrace a vibrant and fulfilling lifestyle in one of Arizona’s most sought-after cities.

How to Prepare to Purchase Your First Home in the New Year

How to Prepare to Purchase Your First Home in the New Year

How to Prepare to Purchase Your First Home in the New Year


As 2021 gets closer, we’re all starting to think about new plans and goals to set for ourselves. A new year can bring with it new possibilities. The type of goal you set for yourself will most likely depend on where you feel you are at in this stage of life. Maybe it’s time to get back into your workout routine, or maybe you feel like 2021 is the year you find your dream career. For many people, it will mark the beginning of their plan toward home ownership. Home buying can be a long process and may include many steps. Beginning this process at the start of a new year gives you plenty of time to plan, organize, and execute on this major life milestone.

Financially Prepare


Oftentimes, it’s easy to only think about the actual home hunt part of the process, which on average is said to take about 10 weeks. But, there are a few important steps before you begin your hunt which can actually help you cut down on that two-and-a-half-month timeline. The first is to plan out your finances.

 To start your financial planning, take a look at the area where you want to buy a home. What is the average home price like? Do the houses usually go for above asking price? This will help you gauge how much you will have to spend to get the house you desire. Based on this information, you can then take a closer look at your bank accounts to see where you stand and if you’re ready to buy now or if you need a little more time to save. If you aren’t comfortable with where you currently sit financially and think you need more time, create a budget that will help you put away extra money each month that will go toward your down payment. Another helpful tip is to have money automatically taken out of your paycheck each pay period that goes directly to a savings account. This way you won’t even have to think about it or have the opportunity to spend that money on something else. You may also want to add more into your savings and consider over preparing, so if you get into a bidding war on your dream home you have extra funds to fall back on.

 You may realize you need more help planning for this purchase than you expected. In that case, you can always consider working with a financial planner, who can help you answer questions such as how much home should you buy, rather than how much home can you buy.


Plan Ahead

 When possible, try to get ahead of the game. Essentially this means take care of anything you can in advance that may hold you back later down the line. This can help during each step of the process such as finding a realtor, talking to a bank, and when making the offer.

 One thing that can help you prepare early on and stand out in an oversaturated seller’s market is to look into a mortgage and get preapproved before making an offer on a home. This step will help determine how much you can afford and may also point out any discrepancies or problems that could keep you from getting approved. If you know ahead of time, you can begin working to fix these issues before moving on in the process.

 On the other hand, if you’re in a good financial place, mortgage pre approval will help move the process along quicker when you do eventually find a house. Not every home buyer gets preapproved before finding a home, which can slow the process down and may add unwanted contingencies. If you make an offer and have been pre approved beforehand, it will help you stand out amongst the rest and make your offer more attractive to the seller.


Begin the House Hunt

 Once you have all your finances in order and have been preapproved and know exactly what you can afford, it’s time to find a realtor and begin the hunt!

 To get yourself prepared for speaking with a realtor, you should have in mind exactly what you’re looking for. The better idea you have, the better they will be at finding exactly what you want. You may ask yourself questions like:

  •  What neighborhoods or school districts do I like?
  • How many bedrooms do I need?
  • How big of a backyard would I like?
  • Do I need a basement?
  • Am I okay with an HOA fee?


Questions like these will help your realtor narrow down a list of homes for you and ensure both parties are in sync when it comes to what you’re looking for. Take time to talk with your realtor and tell them about yourself. This is another great way for them to understand what you want, and what your lifestyle is like. With this knowledge, they’re able to bring you a list of homes that all have potential, rather than a long list of no’s.


The Final Steps

 It may take some time, but eventually you will find a space that is perfectly suited for you or a home you believe you can work on and make your own. Once you’ve made an offer and it has been accepted, there are a few other hurdles you need to cross before the home is officially yours.

 As the buyer you have a few responsibilities when it comes to the closing of your new home. You’ll need to plan for closing costs by opening an escrow account, hire a lawyer who can help you with the final paperwork, and schedule a home inspection. Once the home inspection has been completed, and if you haven’t agreed to buying the home “as is”, you may even need to renegotiate the price of the home. An inspector may find things that need to be addressed by the seller before you can move in.

 Once you’ve agreed upon the price again, you then need to get the title of the home and secure title and homeowners insurance. Title insurance ensures you have ownership rights to the property and no one else can try to step in or take over. On the other hand, homeowners insurance will help you protect your home in case of damage as well as legal and liability responsibilities. With both of these forms of insurance, you will even further reaffirm you own the property and can protect and care for it as best as possible for years to come.

 All of these “little” things may feel like a lot, but it’s important you cover all your bases before finalizing the sale. Each step ensures you are getting the home in the best shape possible, and for the best deal. Finally, when all of these steps are taken care of, it’s time to close and sign on the dotted line. After all of the planning and preparation, you are now able to call yourself a homeowner. Although it’s a stressful process, it can also be one of the most rewarding. At the end of the day, don’t forget to take time to enjoy and celebrate this big milestone you’ve been planning for all year long.

Requirements for Purchasing Your New Home

Requirements for Purchasing Your New Home

Requirements for Purchasing Your New Home


Owning a home is a dream come true to many people out there and, like with any other dream dream, achieving it is not easy. First of all, buying a home is perhaps the single largest investment that the majority of people make in their lifetime and it often takes decades to fully pay it off. Second, it is one of the choices that will affect your lifestyle the most, seeing as how you’re picking the place where you’re going to spend every single day (or nearly every single day) for years and decades to come. In a scenario where you might later turn the place into a rental property, it is also a business decision, which is one more reason to take things seriously.

Other than the issue of motivation itself, the logistics behind buying the place is quite arduous, as well. First of all, you need to raise enough money, which means spending more time at the bank than you feel comfortable with. It also means indebting yourself head over heels, which might also keep you up at night. Then, there’s so much paperwork when it comes to applying for the mortgage, closing the sale and then transferring the ownership and a lot of people fear whether they’re capable of undertaking such a massive task. With that in mind and without further ado, here’s a brief list that you can use in order to get a grip on some of these tasks.

1.      How much home you can afford

The first thing you need to determine is how much home you can actually afford. Bear in mind, this is not your only expense. Every month, you’ll have to make the mortgage payment, however, the cost of living won’t just magically disappear. You still have to pay your utilities which, depending on the local utility costs and the size of the place, may be more or less than what you’ve paid in your previous home. Other than this, you have the regular costs of living to worry about. All in all, you need to determine just how much of a home you can actually afford.

The simplest way to determine this is to make a crude assumption with the use of an online calculator. For starter, you need to make an estimate of your mortgage payment, your property taxes and the homeowners association fee. Then, there’s monthly homeowner insurance. Next, you need to take into consideration the down payment and the total closing costs. The majority of these calculators first ask you to set your location, based on which, the majority of these metrics are calculated. Then, you just add this to your regular expenses (minus your current rent payments) and see if you can handle it on your current income. Sure, your income may grow in the future but this is not a presumption that you should base your decision to buy real estate on.

2.      Prepare your finances for the mortgage

Next, you need to prepare yourself financially for the mortgage in question. For starters, chances are that you have no collateral whatsoever, which is why you are more likely than not to go for unsecured credit. This means that your credit score will play a major role in the mortgage terms that you can expect. So, start by checking your credit score. The metrics of the FICO scale are quite simple to grasp – the numbers go from 300 to 850 and the higher your score the better you’re off. If there’s enough time, you might even want to try and improve your score a bit.

Another thing you need to consider is how to save money for the down payment. Sure, the mortgage will cover about 80 percent of the value of the future home, however, the remaining 20 percent is still a formidable figure. This is why it’s recommended that you plan ahead and try to save as much money as you possibly can. Starting a savings account, gamifying your saving habits, leading a more austere life, selling an asset or finding an additional source of income are just some of the things that you should take into consideration.

Once you’ve dealt with this, it’s up to you to prepare all your documentation and get it in order. We’re talking about the paystubs, bank statements, self-employment income copies and your last two tax returns. In other words, you’re preparing everything that the lender will insist on during your mortgage application. Having everything filed and ready ahead of time can make things run so much smoother.

The last thing you want to do when preparing to take a mortgage is to do some research. Even with the same credit score, not every lender is about to offer you the same terms. So, what you need to do is go loan shopping. Sure, you might go to a major credit union to get your mortgage, however, looking for small personal loans online can be quite an efficient way of handling your down payment problem in a simple and efficient manner.

3.      Get in touch with professionals

Once you have the paperwork and the financial aspect of your home-buying effort out of the way, you need to find the right real estate for you and your family. First, you need to find the right real estate agent or, better yet, a great buyer’s agent. These people are not only well-versed in the industry but also there to help you get the best possible price for the real estate in question. Real estate agents are there to sell you the place and, as professionals, possess the knowledge of a variety of persuasion techniques. Your buyer’s agent is more likely to see past this and get you the best deal possible.

While we’ve already talked a lot about handling the finances prior to buying a new home, it is also quite important that you consult a skilled legal advisor to help you out. They can help you draft a plan that will allow you to save for the down payment or help you figure out how to effectively return your mortgage. A great financial expert, when contacted in time, can also help you figure out the best way to improve your credit score in order to get the most favorable terms when you finally apply for a loan.

Lastly, before you commit to buy the place, you need to make sure that the place is a prime piece of real estate. What this means is that you need to bring a number of specialists to inspect the place. We’re talking about bringing a general contractor to see the structural integrity of the place. Next, you need to bring a plumber and an electrician to see if the installations are in proper working order. This will either help you knock off the price a bit or, at least, know exactly what you’re getting into.

4.      Home appraisal

One of the most important steps used to protect both the buyer and the lender is the home appraisal. This consists of hiring a third party to make an assessment of the home’s value in order to make sure that the mortgage in question actually makes sense. Without it, the buyer would deliberately inflate the price of the home in order to get approved of a larger loan. In other words, this is a method used in order to ensure that everyone’s getting the fair price out of the deal in question.

Keep in mind that the seller often uses a number of appraisal-boosting techniques in order to get the most value out of their home. We’re talking about small improvements and boosting curb appeal of the place. Remember, nonetheless, that a professional can look past the décor and trifles. What they need to focus on are the crucial structural issues and base their assessment based on it. Still, if you believe the appraisal to be too much against your own interests, you can always challenge it. Sure, this prolongs the procedure by quite a bit, however, it is usually worth waiting.

5.      Survey the neighborhood

The next item on your list (while some argue that this should come before the actual visit to the place, let alone contacting professional inspectors), is checking the state of the neighborhood. This comes in several different stages. First, you want to check the crime rate of the place. In this day and age, all you have to do in order to get there is to find the online platform and type the name of the neighborhood. There are a lot of different thematic maps, both official and unofficial, that you can base your search on.

The next thing you should probably take into consideration is your future lifestyle in this neighborhood. If you’re looking for a place where you can start a family, then the vicinity of schools in the area might be your primary concern. Even if you are single at the moment, you need to weigh in the likelihood that this will change in the future and plan accordingly. The accessibility to job options in your field should be another major interest. Will you have to relocate in order to advance in your career? If so, this can be a major inconvenience and something that you should try to avoid.

Finally, let’s take into consideration a chance that you might want to repurpose the home in the future. Let’s say that you intend to turn it into a getaway, thus transforming it into a venue or a vacation rental. Does the place have a tourist potential? If you intend to turn the place into a traditional rental property, you need to take into consideration the appeal of the overall neighborhood. For anyone in the rental industry, vacancy is a direct loss of profit – the lower the vacancy time the better the investment. These are just some of the factors worth taking into consideration.

6.      Close the sale

Closing the sale itself may be quite an arduous task, which is why it’s vital that you have a skilled and experienced intermediary. Here, there’s a list of documents that have to be signed before the sale is final and official. On the top of the list, there’s the deed, the affidavit of title and the transfer tax declaration. These are the so-called real estate transfer documents. Then, you have the home loan documents, which are the note, the deed of trust, the loan application and the loan estimate and closing disclosure. Keep in mind that all of these documents should probably be checked by an attorney before you start signing them.

Next, you have some additional (miscellaneous) files worth keeping in mind in this occasion. First, you have the bill of sale, which transfers personal property that is being sold with the real estate. This is in the case where the place is furnished and already has furniture and appliances. Then, you need to have the certificate of occupancy, which serves as a guarantee that the place is habitable (according to local building codes). Finally, you need to receive homeowners’ insurance, at least until the loan is paid off in full. This is one of the last documents that you’ll have to sign, probably just before closing.

In conclusion

In the end, it’s important that you keep two important things in mind. First, handling all of these issues is not something that you’ll have to face on a regular basis. This is something that you do when buying a new home which is not an occurrence that should take place too often. Second, you can always hire specialists to help you out. Sure, this ends up costing more but it also provides you with higher security of the transaction and a safer decision-making process. At the end of the day, you should just look at this as an additional home-buyers’ fee and find some room for it in your budget. Skipping this step can be terribly inconvenient.


4 Tips for a New Homeowner

4 Tips for a New Homeowner

4 Tips for a New Homeowner


Oftentimes, the excitement of becoming a new homeowner results in a person losing a bit of focus on some important issues surrounding early days in a new residence. This is a perfectly understandable situation. In the end, owning a home is a significant personal achievement and likely the most important financial investment a person makes during the course of a lifetime. As a result, there are four tips a new homeowner needs to bear in mind.


Don’t Break the Bank to Personalize the Premises

When you move into a new home say in Scottsdale, you naturally may want to make changes to the property. This is likely the case even if you move into a new build. This natural tendency can result in unnecessary and even dangerous overspending.

By the time you take occupancy of a residence, you’ve already spent money on a down payment and other expenses. You likely are not in a financial position that you can embark on a course of additional significant spending.

Thus, you need to pay close attention to the bottom line when it comes to a desire to personalize and make changes to your new home. You can personalize and make alterations to your home over time and in increments.


Stay on Top of Vital Maintenance

Although you need to maintain some control over personalization and improvements when you initially move into a new residence, you cannot ignore maintenance issues. If you’ve rented in the past, you no loner have a landlord or property manager that is responsible for tending to maintenance issues. You need to make certain that you include money in your monthly budget to be set aside for use when a maintenance issue arises.


Hire Experienced Contractors

Unless you are an experienced “do-it-yourselfer,” don’t embark on home improvement projects on your own and without the assistance of experienced, qualified contractors. Shop around and get multiple estimates for a project; you will find that there can be significant price differences from one contractor to another for the same work. You will also want to undertake thorough due diligence to ensure that a particular contractor is duly licensed, bonded, and insured.


Seek Professional Tax Assistance

Your tax situation changes when you become a homeowner. As a consequence, you should seriously consider engaging the services of a tax preparation specialist to assist you with your tax return after you do become a homeowner.

Tips for Moving in the Arizona Summer

Tips for Moving in the Arizona Summer

Tips for Moving in the Arizona Summer


If you’ll be moving in Arizona during the sweltering summer months, it’s important to prepare for dealing with the weather. Scottsdale summers are no joke, especially when you’re running around and lifting and moving heavy boxes all day.

Keep the following tips in mind when you’re getting ready for your big summertime move to stay comfortable, safe, and as sweat-free as possible.


Staying hydrated—before, during, and after the move—is the best thing you can do to stay safe in that infamous Arizona heat. When you’re prepping for a big summer move, it’s time to cut down on the coffee and wine and up your water intake, instead.

Keep a water bottle with you at all times during the move. Dehydration is no joke – according to the American Heart Association, this can lead to headaches, swollen feet, and even heat stroke. (And, keep in mind that its water you should be drinking, not sports drinks filled with added sugars and calories.)

Wear sunscreen

The sun doesn’t just bring the heat. If you’re moving in and out of the house, be sure to apply copious amounts of sunscreen and reapply throughout the day.

Remember, though: Sunscreen is never a complete block, no matter how high the SPF is; it’s important to take plenty of breaks in the shade.)

Dress appropriately

Now’s not the time to wear tight-fitting jeans. Long-flowing, loose-fitting garments keep you cooler than jeans and shorts. And since dark colors absorb light and heat, your outfit should consist of lighter colors.

There are a couple of other less-than-attractive but vital accessories to your moving attire. These could include:

  • hats
  • sunglasses
  • bandanas
  • neck towels

Get an early start

The coolest time of the day is the early morning. If you can start moving before temperatures start rising, you’ll be much better off. At the very least, try to schedule the most strenuous tasks for first thing in the morning. You’ll thank yourself later.

Listen to your body

If you start to feel woozy , headache-y, or in any way unwell, listen to your body. You may need more water, you may need to re-think your clothing choices, or you may simply need to take a break for a while. Everyone tolerates the heat a little differently, so listening to your body while you’re moving big, heavy boxes is crucial.

Get organized

Before you even start the moving process, ensure that everything is as organized as possible to allow for a quick, efficient, streamlined move. This could mean starting the packing process weeks before, and making sure everything is labeled and sorted into easily-transported groups.

Also, do not forget to turn on the utilities at your new place before the move. The last thing you want when you’re moving during the summer is to walk into a new home without air conditioning!

Hire the pros

Don’t ever try to move your things alone, especially in the heat. If you don’t have family or friends to lend a helping hand, you should consider hiring a professional crew to help carry boxes and heavy furniture.

Professional help doesn’t have to stay within the realm of moving boxes. You can also hire extra hands to help deep clean your old home or help deal with huge piles of junk or trash. The more able bodies you’re able to hire, the better.

Stay cool out there!

Moving can be an exciting time. But when moving from one Arizona home to another in the summer, staying cool and organized is vital.

If you need help looking for a new home in the east valley, reach out to our team today!