What Are the Pros and Cons of an HOA?

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A lot of buyers have been asking us questions recently about HOAs, like what they are and what the benefits of them are. We are here today to answer those questions.

HOA stands for Homeowners Association and typically in neighborhoods, there is a governing group that regulates and monitors the neighborhood to make sure it's up to par. It is of benefit to you as a homeowner. There is a cost involved each month, but it doesn’t come without benefits. An HOA keeps the value of your property up. You won’t have someone next to you who is living out of a trailer, has a messy lawn, or garbage strewn about. 

An HOA keeps the value of your property up.

The major downside of HOAs is that sometimes you will live in a master plan community where there could be multiple HOAs. If you’re in a gated community for example, there could be a separate fee for you to monitor the gate and private streets within your subdivision. That can get to be expensive. 

In Scottsdale and Phoenix, we have plenty of neighborhoods with HOAs. They include some great amenities like community pools, basketball and tennis courts, and more. It’s great for families of all ages. 

If you aren’t from the area and moving here, this is something you should know about. If you have any questions for us or plan on moving here from out of state, give us a call or send us an email. We would be more than happy to help out.

The Effect of Brexit on the Phoenix Housing Market

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Did you know that the Brexit had an impact not only the on the U.S. housing market, but also the real estate market here in Arizona and Scottsdale?

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We're at an all-time low in interest rates.

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Brexit is of course the Britain's decision to leave the European Union - in a nutshell, they want to take back control of their country. So how does it affect us? Well, experts say that Britain made up about 1/6 of the EU's economy, and that the U.S. equivalent would be California and Florida being lopped off the U.S. economy.

The Federal Reserve cited Brexit as a reason not to increase interest rates, which is fabulous for the national housing market, as well as the housing market here in the Phoenix area. if you're still thinking about buying a home, we're again at an all-time low in interest rates. It's definitely time to jump on board and get that home of your dreams. Additionally, the jumbo products are very attractive, so if you're thinking about entering the luxury market, it's a great time. Give me a call soon and let's keep this conversation going!

Simple and Affordable Ways to Enhance Curb Appeal

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The summer selling season is here, but you still have a little work you need to do in order to attract qualified buyers to your home. The inside of your home is probably clean and ready to go, but you cannot forget about the exterior of your property.

1. Clean homes always sell well, and I cannot stress the importance of cleaning enough. Remove any eyesores and possibly even rent a power washer to clear your walkways of debris. You also want a clean and orderly lawn.
2. You also need to check on the condition of the paint outside your home. Repainting is one thing that often returns value if you invest the money into it.
3. One other simple fix to curb appeal is to improve your lighting. You can change the feel of your home and your entryway by installing new fixtures and replacing burnt-out bulbs. Accentuating certain trees and shrubs can create a whole new dynamic around your home.
4. I think hiring a professional landscaper is a must. You want all branches and limbs at least three feet from your home. Hiring a landscaper is often worth the extra costs.

"Repainting almost always returns value."

If you have any more questions or want any extra tips, please just reach out to me!