WWW.AZCENTRAL.COM
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E M A I L U S AT N E W S T I P S @ A R I Z O N A R E P U B L I C . C O M O R C A L L U S AT 6 0 2 - 4 4 4 - N E W S ( 6 3 9 7 )
Home prices, rates are forecast to rise With low home supply, buyers could face a challenging year ALEX VEIGA ASSOCIATED PRESS
Nate Lowenstein has been shopping for a home in Los Angeles, on and off, for more than a year. His search has been stymied by a stubbornly low roster of homes on the market and the hurdles that come with it: multiple competing bids and higher prices. “It’s not a great market, from a buyer’s perspective,” said Lowenstein, a lawyer. “The one good thing is that interest rates were quite low.” As recently as last summer, homebuyers had ultralow mortgage rates on their side. It was good news for any borrower, but especially for those in expensive housing markets such as Los Angeles, Boston and Seattle. That was then. While mortgage rates remain very See OUTLOOK, Page 3R MALLORY PRICE/GANNETT
Purchase or Refinance Loan amounts between
Refinance 150,000 to Now! $417,000 $
• No Points • No Fees • No Closing Costs
You don’t have to pay a lot in fees to get a great rate!
480.607.7906
or visit us at scoutmortgage.com 9304 E Raintree Dr., #110 Scottsdale, AZ 85260 Visit us on Facebook
This advertisement is a solicitation by Scout Mortgage, Inc. for a mortgage loan. Loan amounts $150,000 to $417,000. 15 or 30 Year Fixed. Closing Costs paid at closing include title, recording, processing, underwriting, and escrow fees. Prepaid taxes/insurance not included. Good credit required. Owner Occupied homes only. Verifiable income required. Impounds may be required. Consolidating debt may increase rate. Your rate and term may vary. Not all applicants will be approved. Call for details. MB0903218/NMLS# 56553
AR-0008630714-01
SCOTTSDALE | 10408 East Sunnyside Drive | Open Today 1–4PM
EXTRAORDINARY & EXPANSIVE. Nestled on well over a MLS# - 5541576 half-ACRE corner lot, a grand portico entry invites you into Bedrooms - 5 this luxurious custom home. A bright open plan features Marble Bathrooms - 5 floors, dual-pane volume view windows, soaring vaulted ceilings, Pool - Yes fireplace. A culinary dream, the eat-in kitchen enjoys slab granite and stainless appliances. Welcoming family room. Spacious bonus Sq. Ft. - 5,985 room. Sitting room master suite with a lavish bath. Second master Garage - 4-Car Garage suite is just as special. The back yard is a desert oasis with mature Lot Size - HALF-ACRE-PLUS flora, BBQ kitchen, lush lawn, pebble-finish pool/spa, dining ZIP Code - 85259 Ramada and sport court. Community tennis courts. Four-car split garage. N/S exposure. Experience the beauty of this home yourself! Online Pics - ThoseCallaways.com - Joseph Callaway Price - $1,275,000
Brought to you by Those Callaways, Luxury Circle International (480) 596-5751
see more inside AR-0008628259-01
PARADISE VALLEY | 6224 North Yucca Road | Open Today 12–4PM
VIEW-RICH ESTATE IN EXCLUSIVE FINISTERRE. Boasting MLS# - 5530320 big, bold beautiful views of the magnificent Camel’s head, this Bedrooms - 4 stunningly updated home is nestled inside Finisterre. Lush desert Bathrooms - 5.5 landscaping, towering palm trees, circular drive, courtyard entry. Pool - Yes Galleria hallway for showcasing artwork. Sun-kissed formal rooms w/beamed ceilings, focal-point fireplace framed by twin-set of Sq. Ft. - 5,722 sheer glass doors. Sleek, chic ultra-modern kitchen. Sanctuary-like ZIP Code - 85253 master retreat w/contemporary bath including both an indoor and an outdoor shower. Sweeping lawns, rose-covered dining pergola, Online Pics - BaldwinTeam.com Price - $3,150,000 fruit grove, garden greenhouse, multiple patios, beach-entry pool. Guest house w/two en-suite bedrooms. Visit tourfactory. com/1685068. Inside: details, directions.
Brought to you by Brought to you by Sandra Baldwin, Launch Real Estate
see more inside AR-0008628239-01
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Valley Home Values DONE DEALS TOP DOLLAR Phoenix Suns players past and present are among buyers and sellers of the week’s priciest home sales in metro Phoenix.
$2,850,000 Piece of the Past Inc., an antique store in Las Vegas owned by Kevin Martin, purchased a 7,669-square-foot home in Chandler’s Oakwood Hills. This mansion has six bedrooms, 41⁄2 bathrooms and has been remodeled 13 times in the past nine years. Versailles-patterned hardwood floors, granite countertops and custom travertine tile are a few of the luxuries of this home. The master bedroom is adorned with marble vanities, a sitting area, carved pillars and large windows. A resort-style backyard faces a community golf course and includes two outdoor fireplaces, fire pits, custom pool with a waterfall, spa and lazy river. Oakwood Hills LLC, a Delaware limited-liability company managed by Juliet Youmaran, sold the estate.
James Rogers paid $2.5 million for this home in north Scottsdale’s Silverleaf neighborhood.
room, and three fireplaces. The master bedroom has a gas fireplace, hand-carved cantera mantles and the room surrounds an exercise area, a wet bar and sauna. Retired Suns player Raja Bell and his wife, Cindy, sold the 6,700-square-foot estate.
$2,300,000
$2,512,500
STREETSCOUT.COM PHOTOS
James Rogers paid cash for a north Scottsdale home in the Silverleaf neighborhood through his family trust. The estate it fitted with smart technology and is inspired by Spanish architecture. There are five bedrooms, 51⁄2 bathrooms, detached casita, theater room and secret play room for the kids. For adults, the temperature-controlled wine room is a nice touch. The master bedroom features a luxurious bathroom with claw-foot tub, bidet, double walk-in closet and a fireplace in the sitting area. Robert Weisman and his wife, Judy, sold the 5,834-square-foot home through their trust.
James Janik, chairman of the board at Douglas Dynamics in Wisconsin, and his wife, Susan, bought this north Scottsdale home for $2.3 million.
$2,400,000
$2,375,000
Christopher Rafferty, director at MFS investment Management, and his wife, Kathleen, purchased a newly renovated mansion in Scottsdale. There are five bedrooms and seven bathrooms in the 7,046-square-foot space. The great room features a retractable glass wall and opens to a paved patio with gorgeous mountain and city views. The was sold by Daniel Reed III, manager of the Reed Family Revocable Trust.
Hailing from Ukraine, Phoenix Suns player Alex Len paid cash for his Paradise Valley home in a gated community. The home rests on more than an acre of land with gorgeous views of Camelback Mountain. There are four bedrooms, 41⁄2 bathrooms and a guest house with a full kitchen and family room. The amenities in the home include a gourmet kitchen, 9-foot sliding glass windows, automated retractable glass doors in the great
James Janik, chairman of the board at Douglas Dynamics in Wisconsin, and his wife, Susan, bought their north Scottsdale home through their family trust. The living room features floor-to-ceiling windows giving a panoramic view of Pinnacle Peak. Nestled on 1.4 acres, the estate boasts a contemporary style and an open floor plan. The master suite and office are located on a separate wing, away from the two guest suites. The backyard includes a heated negative-edge pool, spa and large covered patio. Thomas Phillips sold the home. Researched by Joanna Brathwaite and The Information Market.
CHRISTOPHER COMBS REAL ESTATE Q&A
Foregiveness law protected short sellers from income liability Question: Last summer we did a short sale of our home in Peoria. Our lender agreed to the short sale and reduced the amount of the mortgage loan by $100,000 in order to close the sale of our home. Although we never thought of any income tax consequences, our accountant
said that we may have income tax liability for this debt forgiveness of $100,000. Is that possible? Answer: The general rule is that any debt forgiveness by a lender has income tax liability to the borrower. In light of the numerous foreclosures and short sales during the Great Recession, however, in 2007 Congress passed the Mort-
gage Forgiveness Tax Relief Act. Under this act the owner of a principal residence who had lost a home to a foreclosure or by a short sale, had no income tax liability for any debt forgiveness by the lender. This act has been extended several times, most recently until the end of this past year. Therefore, if your sale was be-
fore Dec. 31, 2016, you should not have any income tax liability for the $100,000 debt forgiveness by your mortgage lender. Most political observers do not believe that the act will be extended again. Reach attorney Christopher Combs at azrep@combslawgroup.com.
Scottsdale 85259 Paradise Valley 85253
Luxurious Custom Home With Oasis-Like Backyard
Stunning View-Rich Estate in Exclusive Finisterre
10408 E. Sunnyside Drive
6224 N. Yucca Road
Open Today 1–4PM. Extraordinary in every way, this stunning custom home is nestled on more than half an ACRE near Cactus Road and 104th Street in Scottsdale. Luxurious to the max, this jewel begins with a sweeping lawn and a circular drive that leads to a dramatic porte-cochere entry. Inside, the grand living room is graced with marble floors, soaring vaulted ceilings and statuesque pillars. Not far away, the bay-windowed dining room is perfect for hosting friends and loved ones, as is the magnificent family room with its wet bar, inviting fireplace, beautiful stacked-stone accent wall and a spacious area ideal for a billiards parlor or game room. The neighboring chef’s kitchen wows with an upscale stainless appliance package, golden-
and bronze-hued granite and rich raised-panel cabinetry, while the adjacent breakfast nook features a stretch of comfy-cozy banquette seating. Meanwhile, the primary master retreat enjoys a blissful bedroom and a lavish bath; the secondary master suite is just as special. A step outside reveals an enticing desert oasis dressed with mature flora, a pretty play lawn, sprawling lounge-sun decks, a boulder-trimmed lagoon-style pool/spa, a built-in barbeque island, trellis-roofed dining Ramada and a sport court. Additional details: French-doored executive’s office with outside entrance; expansive patios; four-car split garage; north/south exposure; corner lot; community tennis courts. (5BD; 5BA; 5,985SF)
Boasting big, bold beautiful views of the magnificent Camel’s head, this stunningly updated home is nestled deep inside the exclusive community of Finisterre. Flattered by lush desert landscaping and towering palm trees, this gorgeous jewel begins with a circular drive that leads to a welcoming courtyard entry. A step across the threshold reveals a galleria hallway (perfect for showcasing your most treasured artwork) as well as sun-kissed formal rooms with handsome beamed ceilings and a focal-point fireplace framed by a twin-set of sheer glass doors to the alfresco amenities. Sleek and chic, the ultra-modern kitchen features an entertainer’s wet bar plus an expansive serving/prep island accented by
Open Today 12–4PM
OPEN TODAY 1-4PM AREA HIGHLIGHTS
DIRECTIONS
NEARBY SCHOOLS: Anasazi Elementary School; Mountainside Middle School; Desert Mountain High. NEARBY HOSPITALS: HonorHealth Scottsdale Shea; Mayo Clinic. NEARBY SHOPPING: Desert Ridge Marketplace; Kierland Commons; Scottsdale Quarter.
CROSS-STREETS: Cactus Road and 104th Street. DIRECTIONS: South to home on left. Look for Those Callaways Open House signs. Offered at $1,275,000.
stylish pendant lighting. Not far away, the casual dining area is ideal for relaxing with friends and loved ones thanks to plantation-shuttered bay windows that dapple the floors with natural light. Meanwhile, the sanctuary-like master retreat is blessed with a pampering private bath highlighted by contemporary finishes and both an indoor and an outdoor shower. Along with sweeping lawns, the rear grounds show off with a rose-covered dining pergola, a mature fruit grove, an enclosed garden greenhouse, multiple patios and a sparkling beach-entry pool. Completing this serene scene is a striking guest house with two en-suite bedrooms, a living room, kitchen and bath. Visit tourfactory.com/1685068. Offered at $3,150,000. (4BD; 5.5BA; 5,722SF)
CONTACT Joseph and JoAnn Callaway, Those Callaways Luxury Circle International 480-596-5751 www.ThoseCallaways.com
MLS# 5541576 AR-0008628259-02
AREA HIGHLIGHTS
DIRECTIONS
NEARBY SCHOOLS: Kiva Elementary; Mohave Middle School; Saguaro High. NEARBY HOSPITALS: HonorHealth Scottsdale Shea; Mayo Clinic. NEARBY SHOPPING: Kierland Commons; Scottsdale Fashion Square.
CROSS-STREETS: Lincoln Drive and Invergordon. DIRECTIONS: West to 61st Place. South to Finisterre guard-gate. Guard will provide directions to property.
AR-0008628239-02
CONTACT Sandra Baldwin, Launch Real Estate 602-397-4300 www.BaldwinTeam.com
MLS# 5530320
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AZ Real Estate
Outlook Continued from Page 1R
low by historical standards, they’ve risen sharply over the past couple of months, with the average rate on a 30year fixed-rate mortgage reaching 4.2 percent this past week. The rate got as high as 4.32 percent a week before that, its highest level since 2014 and well above the past year’s average of 3.65 percent. Economists predict that mortgage rates will continue to climb this year, just one of the trends that suggest that 2017 will be a more challenging year for homebuyers. “With higher mortgage rates, you’re increasing the cost, challenging the budgets, challenging the ability to qualify and, as a result, likely reducing somewhat the pool of potential buyers,” said Jonathan Smoke, chief economist for Realtor.com. So far, the rate increases haven’t begun to worry Lowenstein, who is in the market for a house with at least three bedrooms in L.A.’s affluent west side. His budget: Between $1.6 million and $1.8 million. “We’re not priced out yet,” Lowenstein said. “But if it goes up to 5 percent or 6 percent, at some point we would be.” Long-term mortgage rates tend to track the yield on the 10-year U.S. Treasury note. After Election Day, investors bet that a Republican-controlled White House and Congress will have a clear path to implement policies that will drive inflation and interest rates higher. A sell-off in U.S. bonds drove the yield on the 10year Treasury note in mid-December to the highest level in more than two years,
GREGORY BULL/AP
Prices are likely to climb this year as more Millennials enter a tight market and the supply of homes isn’t growing. Builders say they do not have enough ready-for-construction land.
and mortgage rates have floated higher with the tide. But will they continue to do so? Smoke predicts mortgage rates will reach 4.5 percent in 2017. Other economists expect rates to remain above 4 percent but not to go beyond 5 percent this year. That range would mean mortgage rates that would be low compared with the past decade. So someone looking to buy a home in
the next few months doesn’t need to panic, said Svenja Gudell, chief economist at Zillow, a real estate information company. “My advice to buyers would be to not freak out and feel a sense of urgency,” she said. “If you aren’t able to buy a house at 4.5 percent, you probably weren’t able to buy a house at 4 percent.” Higher mortgage rates could have one silver lining: As some buyers are
priced out, sellers may have to be more flexible on prices. Over time, that could help stem home prices. Low inventory and strong demand helped increase prices in 2016 at the fastest pace in 10 years, according to an analysis by Zillow. The company predicts that U.S. prices will increase about 3 percent on average in 2017, down from a gain of about 6.5 percent last year. Declining affordability is one reason the National Association of Realtors predicts that homes sales will rise 2 percent this year. Compare that with the 15 percent increase in sales through the first 11 months of 2016. Even buyers who can weather higher mortgage rates may have to brace for a long home search this year. The inventory of homes for sale is expected to be tighter in 2017 than it was last year. While it varies by market, nationally, fewer than 1.9 million homes were on the market in November, down 9 percent from a year earlier, according to the NAR. Homebuilders aren’t building enough homes to make up for the shortage, citing a lack of ready-to-build land, labor shortages and rising building materials costs. First-time buyers accounted for roughly 32 percent of home purchases through the first 11 months of 2016, up from 30 percent in the same period a year earlier, according to the NAR. Affordability remains a hurdle for many first-time buyers, but qualifying for financing may get a bit more accessible in 2017. Fannie Mae and Freddie Mac increased the limit of the mortgages they will buy from lenders on Jan. 1 to $424,100 from $417,000. In more expensive markets, the mortgage giants will accept loans as high as $636,150, up from $625,500.
FRESH ON THE MARKET
MEDIAN LISTING PRICE
DAYS ON THE MARKET
New listings per month
Median price per month
For single-family home sales in November
12 thousand
300 thousand
3000
Dec. ‘14 $218,250 8
250
0
2014
2015
0 2016
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2901 houses
2000
Nov. ‘14 $219,000
870 houses
1500
Dec. ‘16 Nov. Nov. ‘16 16 $239,999 $245,000 $245 $2 45,000
Dec. ‘16 $6,295
Dec. ‘15 $5,925
Dec. ‘14 $5,724
Dec. ‘15 $229,500
1000 500 0
2014
2015
2016
1-30
31-60
61-90
91-120 121+ MALLORY PRICE/THE REPUBLIC
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Your neighborhood… up close.
Arizona Republic Check rates daily at http://azcentral.interest.com Institution
30 yr APR
30 yr Fixed
Product
Rate
Points
Fees
%Down
APR
Phone / Website
NMLS # / License #
Rate: 4.000
4.001% Achievers Mortgage, LLC
On myneighborhood.azcentral.com, you can pinpoint your home on the map to find out exactly what’s happening in your community! More detailed than just entering your ZIP, you’ll find: • School info • Home sales • Recent crimes • Restaurants, bars, movie theaters and more
30yr Fixed APR
3.937% 30yr Fixed APR
Mesa Mortgage, Inc.
myneighborhood.azcentral.com 3224
Phoenix North Homes
FSBO ranch style 3BR 2BA cust home, 1.8ac nr Lookout Mtn. 1402 E. Sandra Terrace Make offer. Call or lve msg only, no text 623-680-2285
3270
Real Estate Finance/Services
Learn to buy AZ taxed liens. Earn up to 16%! Easy web lessons thetaxlienwarehouse.com
3506
By owner 3BR 2BA, CDS lot, pool, 2CG. McCormick Rnch, 8406 E. Via De Encanto. Realtors welcome. Call for showing 602-980-8265
3073
3 br, 2ba, 1952 sf, Lots of light; Tile & hrdwd; play pool & putting green, new lndscpng & paint. 99th Ave/ Bell $269,000 623-518-6768 SUN CITY FLIPPER Got married, now too many houses. Buy this "as is" for under market value. Spend a bit & resale at nice profit. 1569sf, 2BR 2BA, dbl garage, EXTRA LARGE added family room, walled back yard w/ cov’d patio. $157,000 cash. No commission. Fast closing. For more info, email: house@nowalways.com 623-229-9887
40 ACRES NEAR DATELAND with irrigation well. Only $53,000. Call 480-837-5702
Tonopah Homes
Commercial Property For Sale
1909 Gothic Church Complex/Event Center/Commercial Kitchen 3184 Weddings,Receptions,CaterScottsdale ing, Cooking School Condo/Townhomes In Old Yuma: 3 building & Parking; Church seats 250, Theater 125, Library 50, 2 McCormick Ranch 1br Gated Kitchens, Enclosed Patios, 1st floor in "Sienna", frplc, Storage. Assumable Loan, walk in closet, storage, pets owners will carry; www. 2 pools, tennis, golf. Terms. StPaulsCulturalCenter.Com Ownr $149,900 480-991-7777 928-580-8339 $425,000 928580-8339 928-210-3328
Seligman hideaway cabin, 3BR 2BA 1440sf, on 40 acres, very rustic, full self contained. $295,000. Text 928-219-1200 for more info
3249
FURNISHED STUDIO APTS Low monthly /weekly rates. Free utilities, no credit check, call 520-276-3954
20% 3.358
Points: 0.000
7/1 ARM
3.750
0.000
$0
20% 3.990
Fees: $3
30 yr FHA
Call for Rates
480-633-7800
MB-0903024
www.mesamortgage.com
30 YRS. EXPERIENCE!
% Down: 20%
3527
3533
3541
3554
3001
2-BED $650!! Southern/Stapley. Studio, 1 & 2Brs from $595-800. Gated, lndry, pool, cvd prkg, walk to shops/dining. Southern (W. of Stapley) 480-516-0024
$0 Deposit. Pets Welcome Canyon Point (602) 266-7221
$0 Deposit. Nice! Vista Del Prado (602) 242-0237
GREAT LOCATION! 1, 2 & 3 Bds from $789. W/D, large floor plans. Cantamar 602-748-1685
Water, Sewer & Trash Incl! 1 bdrm $835, 2 bdrm $930 3 pools, tennis & spa! Pets OK! Villa Fiesta 480-327-4825
BIG 2BR apt in duplex, remodeled, AC & cooler, big fenced yard, W & D hookup, Indian School & 7th St. $700/mo. 602-315-0622
WEEK TO WEEK FURNISHED APARTMENTS 3 Locations - 602-385-1204 www.4RentWeekly.com
Across From Intel 1Br’s - $800, 2Br’s - $1,000 Cornerstone Ranch 480-467-2940
LOVE WHERE YOU LIVE! UTILITIES Included! Rents Start at $600 Ridgeway Village 623-385-0137
3536
RENT TODAY! Gourmet kitchens, custom features at $950. Courtney Vista at Zanjero 623-385-0005
Call for Great Specials! 1 BDR $890, 2 BDR $1,080, 3BDR $1,305. Pillar at Taviano - 480-422-5186
Sunflower Apartments PETS WELCOME! Close to GCC Campus. Starting from $520. Call 623-792-9089
CALL FOR SPECIALS!* 1 Br’s from $972. 2 Br’s from $1,290. Elevation 480-516-0480
Glendale Apartments
UTILITIES INCLUDED! Short-term & MTM leases Studios, 1 & 2 Br’s from $475 Paradise Vista 623-385-0406 Walk to Westgate! Lots of custom amenities! 1 & 2 bedrooms from $905 Pillar at Westgate 623-385-0119
Goodyear Apartments
DAILY SPECIALS! 1, 2 & 3 $199 MOVE-IN! 1 BD from Bds from $760. Casitas $649! 2 BDS from $749. W/D w/attached garages avail. hkup. Some utilities incl. Desert Sage 623-385-0132 Monte Vista 623-385-0134 Ç Reduced Rates! É 2 & 3 Bds TH’s from $649 1, 2 & 3 Br’s from $810 Aldea at Estrella Falls W/D in Unit! Sec 8 OK. Oregon Oasis, 59th Ave & 623-385-0114 Camelback. 623-385-0141 $299 M/I. 45Ave & Glendale 2Br/1Bath, laundry, cov’d parking. Near school. $650/mo. (623) 939-3217
Luxury Homes, $750,000 & Up
3296
Call 602-444-4444 3296
Real Estate Auctions
Real Estate Auctions
FREE UTILITIES!!
3539
Peoria Apartments
Great Move-In Specials! 1Bd $1000, 2Bd $1100, 3Bd $1395. Townhomes Avail. Pillar Bella Vista - 623-385-0096
3541
Phoenix Apartments
ALL UTILITIES INCLUDED! Rates as low as $639/mo. Pets are welcome - BelCourt (602) 648-9859 RENTS STARTING AT $609!* Gated, Pet Friendly. North Mountain Village 602-648-9877 Studios $569, 1 bdrm $719, 2 bdrm $889! Instant Approval! Some utilities included. Daybreak Place 602-648-9865
WEEK TO WEEK FURNISHED APARTMENTS 3 Locations - 602-385-1204 www.4RentWeekly.com
3543
Phoenix-North Central Apartments
CREDIT FRIENDLY! Furnished. FREE UTILS & NO LEASE from $529/mo. Northern Chateau 602-973-1362 GREAT MOVE-IN SPECIALS 4 pools/spas + 1 wading pool! 1 bdrm $751, 2 bdrm $855. Vaseo 602-748-1727 LOVE WHERE YOU LIVE! Rents Start at $696! UTILITIES INCLUDED! SienaVillage 602-648-9879
3545
Phoenix-East Apartments
1 & 2 Bds at GREAT Rates. Upgraded appl, counters, cabinets & window coverings. Bella Sera 602-748-1679
3548
Luxury
Close to 101 & I-17! One and Two Bedrooms From $585/month. Avalon Hills 602-682-9674 CREDIT FRIENDLY! FREE UTILITIES! NO LEASE. FURNISHED! FROM $529/MO 37Av/Northern 602-648-9935
Living
SAN ANDRA BALDWIN N
FREE UTILITIES! SHORT TERM & CORP SUITES AVAIL STU & 1BS FROM $599/MO! Sierra Grande 602-648-9884
602-397-4300 | www.BaldwinTeam.com
64St/Indian School. FREE UTILITIES. Studios from $750, 1Brs from $890 Great downtown location, near Old Town. Scottsdale 5th Ave (480) 748-2943 96th/Shea. BEAUTIFUL! 1Br $915, 2Br $1055. FREE water, sewer, trash. Anacosta (480) 327-4828
2BR, 2 level, 1 car garage. Stack washer/dryer. 1 blk S. of Shea on MtnView/101. Comm Clubhse/pool, $1200. Avail Feb 1st. 480-208-1294
3702
NEWLY RENOVATED UNITS! $99 MOVE-IN!(oac) Studio, 1 & 2 Bedrooms from $425 Paloma Village 602-385-1228
AR-0008632007-01
3551
Phoenix-South Apartments
Newly Renovated Great Spaces A BOLD NEW CHANGE AWAITS! 1, 2 & 3 Br’s from $865. Sterling Point 602-903-2895
Tolleson Condo/ Townhome Rentals
M an ag er ’ s $199 Move-In Special! Call for Avails and Details. 623-385-0405 Siegel Suites Tolleson
3719
Casa Grande Residential Rentals
BEST LOCATION IN SCOTTSDALE! Call for specials. 1, 2 & 3 Bd’s from $1270! 5BR + 2 office/den, 4 full BA, Crown Court 480.682.1988 2 story hm, 3CG, play pool, all kitch appls incl, W/D hkups, $1600/mo + $1600 sec dep. Traci 602-628-6668 *oac. 2-3 Br’s $941-$1316/mo. Quiet, green comm. Near Schls, shopping & Bus Lines. The Vintage (480) 748-2944
Great M/I Spec*
3721 Live Well at the Equestrian.. Awesome Location! 1 & 2 Br’s from $956. Equestrian 480-327-4855 Luxury living! 1Bds From $900, 2 Bds from $1100, 3Bds from $1350. Franks On Shea 480-682-1492
Cave Creek Residential Rentals
3724
Chandler Residential Rentals
3BR 1BA
3566
Surprise Apartments
Call For Specials! 1, 2 & 3 Br’s from the $834. Villas at Mountain Vista Ranch 623-385-0027
3568
Tolleson Apartments
McQueen & Galveston, Chandler. $900/mo 480-450-1145 3BR 2BA, 1800sf, gated community, next to community pool, Dobson & Warner, all tile, clean, $1490. 480-861-0096
3737
Campus Court Apartments Walk to ASU, 1 Br $650, 2Br $750 and Casitas $750. Some Util. Incl. 480-516-0433 Coronado Apartments Call for current specials! 1 & 2 Bd’s from $797 480-327-4835
Scottsdale Residential Rentals
Pinnacle Peak Country Club Estates N. Scottsdale-luxury 3BR 2BA, 2CG, private grass yard w/pool, citrus, pvt golf, tennis, 1 block from clubhs, Avail. Own/agt 602-999-5396
3785
Northern Arizona Rentals Payson 2br, 2ba dbl-wide, front & back yard, lrg sun room, workshop, quiet area, cov’d carport $800/mo. Lease. 623-986-1784
3787
55+ Living
1Br’s - $2,525, 2Br’s - $3,349 Renaissance Luxury Living in Sun Lakes Call 480-682-1499
55+ Community Pet Friendly Apts On-site Beauty Salon 9-Hole Putting Green Fitness, Pool, Spa Studios, 1, 2 & 3 Bds Starting at $695 GREAT M-IN SPECIALS Mesa Royale 480-682-4618 1825 N. Stapley, Mesa ûûûûûû
FREE RENT. 2 & 3Brs fr $750 No Common Wall. Gtd, pets, social activitites. Contempo Tempe (480) 422-0204
3790
Furnished Rentals
FREE UTILITIES! NO LEASE. FURNISHED! Studios & 1Brs from $569. Stapley & Brdwy. La Petite (480) 327-4840
3853
Manufactured Home Rentals
3739
3872
Rental Share
M e s a furn. 1BR 1 person pvt. entrance, Share kitch & bath, cable, internt, nr bus W/D avail. Utils incl $450 mo Gilbert/Adobe 480-710-0303 Villa on the lake in Val Vista 2 lrg BR avail, 1½BA, share office, lrg private balconies. Clubhse & kitchen privileges. See pics. 480-203-2523
3887
Horse Property/ All Areas
Litchfield Park Residential Rentals
FURNISHED PHX STUDIO APTS FREE Utilities, Move In READY FLEX PAYMENTS-NO LEASE REQ Beautiful 5br, 3½ba, pool, CALL NOW! 602-833-7334 all S/S appls, 4000sf, in gated comm, Litchfield Park area. $2195 mo + deposit. 3569 Avail Feb. 1st. 928-723-5570
Tempe Apartments
3766
1BR with large office, wash- Glendale, 55+, Pool, Quiet, er, dryer, stove, refrigera- Well Maintained, 2/1 $550. tor, large living room, Includes water, trash, sewer. RV Spaces available $275 $850/month. 623-465-5768 602-615-6174 / 623-934-3878
Unique 2 & 3 story TH’s. Great Scottsdale Location! 1, 2 & 3 Br’s! Inspiration at Frank Lloyd Wright 480-385-3406
Spacious 1, 2 & 3 bds Gated, 1st Mo+ Sec Dep*. 1-2Brs fr Mountainside Community $675. Hidden Glen 480-516-0438 Green Leaf Promontory Pointe (602) 748-1719 $35 Holding Fee! 1BR’s from $875, 2Br’s from $975. No Security Deposit. 3549 Phoenix-Northwest LA ESTANCIA 480-467-2985
Apartments
Scottsdale Condo/ Townhome Rentals
∂2Bd 2Ba 2nd Flr Condo, 3rd St/Indian. Schl, Comm Pool, Fshn Sq Mall, Cul-de-Sac, 2 Cvd Parking Spots Inc Water/ Trash/Sewer $1250 APT HUNTERS 623.205.5996
$349 M-I by ASU
WATERFRONT BEAUTY Scottsdale Nestled inside Scottsdale Ranch, this gorgeous waterfront home dazzles with a panorama of lake and mountain views. Resort-style patios, waterfall pool, spa, palm trees, barbecue, private boat dock. Grand staircase ascends to loft, balcony, guest bedrooms. Kitchen w/jetblack granite. Family room w/beamed ceiling, multiple sliding doors to alfresco amenities. Community biking/walking paths, tennis. Home tour at tourfactory.com/1693995 4BD/3.5BA in 3,665 SF MLS#5535734 Offered at $1,298,000
Scottsdale Apartments
Phoenix-North
W/D IN EVERY APT! All Apartments Remodeled. Free Water, Sew, Trash. 1 & 2Br fr $675. Belleview TH’s 602-682-9657 Check out our New Look and New Name !!!!!! Residences at Camelback 3296 West - Call 602-841-4551
Real Estate Auctions
3560
2b $775 1b $675. Nice, Gated, balcony 602-246-4330
Great Location, Near SR51. Loft, 1 Br, 2 Br & 3Br from Studio, 1, 2, Casita and Patio $580! Quiet, pool, patio, fitness Homes from $630/month. room. Call 602-249-6244 Rancho Sierra 602-648-9883
W/D in 2-BRS. Monthly Rentals. 1, 2 & 3Br. $0 Secur- 1 Bedrooms from $550, 2 ity Dep (active military). Bedrooms from $650. *OAC Free WIFI area. 623-385-0008 Las Ventanas Apartments Call 602-246-9166
3528
1 & 2 Bdrms from $635 Pets welcome! Acacia Pointe CALL NOW! 623-385-0146
Paradise Valley Apartments
Tempe Apartments
FREE UTITILITIES. ON LIGHT RAIL. 1 Br’s from $755* ARBOUR PARK, 1901 East Apache Blvd. 480-682-1990
3694
MOVE-IN AS LOW AS $199!* 1 & 2 Bedrooms from $559 Water, Sewer, & Trash Incl. San Marina 623-792-9117
2Br $650, 1Br $525
3569
PET LOVER’S SPECIAL! St - $730, 1Br - $800, CREDIT FRIENDLY! Furnish- 2Br - $910. EASTRIDGE APTS ed. FREE UTILITIES & NO Call 480-682-1494 LEASE from $509/mo. Chateau Gardens (623) 937-0128 TEMPE PARK PLACE! 1 & 2 BD’s from $929. UTILITIES FURNISHED PHOENIX APTS INCLUDED! MINUTES TO Studio/2 bdrm great rates ASU! (480) 516-0104 FREE utilities, Move in today Call now 623-688-3928
1 & 2 Bedrooms Available! PETS, Fwy Access, Stainless APPLIANCES, on lake, blinds. Summit Lakes 480-385-3090
3527
3001
Phoenix-Central Apartments
Phoenix-West Apartments
Palm Crest @ Station 40 1, 2 & 3 BD’s from $642 Extreme Property Makeover 623-385-0109
Rentals Ahwatukee Apartments
CREDIT FRIENDLY! FREE UTILITIES! NO LEASE. FURNISHED! FROM $509/MO 59Av/Bethany. 623-385-0153
Phoenix Apartments
ALL UTILITIES INCLUDED! Stu. 1, 2, 3 bdrms from $613 Banyantree Apartments Call Now! 602-648-9885
3500-3999
Income Property For Sale
CALL FOR SPECIALS! 1, 2 & 3 Br’s from $825 Newly Remodeled! Indigo Creek 602-748-1714
Mesa Apartments
UPGRADED 1BD’s! CALL FOR AVAILABILITY. SOME UTILITIES INCLUDED! 2 BR’s from $790 Dartmoor Apts 480-516-0431
Chandler Apartments
3524
3500
Glendale Apartments
FABULOUS RATES! 1BD $970, 2BD $996. W/D, Internet, Fitness, Pets OK. Arrowhead Summit - 623-385-0122
3518
2BR park model, completely Gilbert furnished, located in Casa Apartments Grande. Storage shed, washer & dryer, patio furniture. Very nice 503-981-1755 Your Own Private Resort! Gorgeous 1, 2 & 3 Bd Condos from $875. Amenities Galore. Solana 480-385-3089.
Luxury Homes, $750,000 & Up
$0
$250 DEPOSIT oac! 1Bds from $620, 2Bds from $719. Gated, pool & sport courts. Villa de Cortez 623-385-0151
3001
Luxury Homes, $750,000 & Up
0.000
CALL FOR CURRENT SPECIALS! 1 & 2 Bedrooms from $900 New/Renovated Interiors Verde Dimora 480-385-3404
Car Shopping? azcentral.com Click on “Autos”
WEST SEDONA 3BR 2½BA 2 car, $489K 928-274-8214
3.250
Call for Great Specials! Gourmet & granite kitchens. Metro at Zanjero 623-385-0090
Avondale Apartments
Land For Sale/Lease
Best Location, Best Prices! 1BD $940, 2BD $1145, 3BD $1275. W/D, I-net, Fitness, Pets 8 unit 1BR 1BA apt complex OK. San Paulo 480-467-2934 for sale in Concho, AZ. Completely remodeled from the ground up. New wiring, $45.79 Fee/$152.63 Admin Fee* plumbing, all new bath- Rent from $650! Short term rooms, kitchens, granite avail. Great Location! Central countertops. All new floor- on Broadway 480-385-3411 ing, etc. It’s a must see! $300,000, owner will carry w/$60,000 dwn 760-680-9659 Car Shopping? azcentral.com Click on “Autos”
Wonderful Views
15 yr fixed
% Down: 20%
1Br fr $649*, 2Br fr $709*. $249 M-In! oac (subject to change) 59Ave/McDowell (623) 209-7423
1996 Dblwide 28x56 3bd/2ba Split/wrapped & rdy for u lot $27,800 Ron 623-326-5556
NNN Properties,Denny’s, Taco Bell & others. Ideal for 1031 Exchange 480-326-9435
Rate: 3.875
MB0905740
www.AchieversMortgage.com
3542
3201
Northern Arizona
0.000 $885 20% 3.746
1 Bedrooms from $799 2 Bedrooms from $917 PETS WELCOME! Vista Valley CALL NOW! 480.461.1091
Manufactured Homes For Sale
3243
3.250
Fees: $0
$399 1st Months Rent!* 1 bd at $629, 2 bd at $729. W/D, extra storage. Sunset Landing 623.792.9126
3336
House or just land. Power/water available. $5999/acre. 555th Ave. Visit www.firstbuyusa.com or call 602-618-1159
5/1 ARM refi
602-688-2938
3509
84 acres on US93 in Golden Valley AZ 139K 406-250-4810
3084
20% 3.126
1 & 2Brs starting at $649* $249 M-In! oac (subject to change) FREE Water, Sewer, Trash. Villa Del Sol 623-385-0017
Auction Rescheduled 736+/- acres in 8 Parcels Payson, AZ Parcels feature equestrian, homes, cabins, lakes, residential development and woodlands Opportunity for ranchettes, retreat, private horse ranch or Rim Country getaway Bid online Jan 20-25. AuctionNetwork.com Photos at williamsauction.com/ AZRanches 9183626565. AZ Broker: Daniel Nelson #BR642568000
Acreage
$0
WEEK TO WEEK FURNISHED APARTMENTS 3 Locations - 602-385-1204 www.4RentWeekly.com
Real Estate Auctions
3233
0.000
1 & 2 Br’s from $735. WASH/DRYER IN EVERY UNIT! Fitness, Pool Sage Condos (480) 682-1495
3296
A GUARANTEED OFFER on your home in 24 hours 480-447-3577 SellHouseQuickAZ.com
3.125
$35 APPLICATION FEE! *oac. Studios, 1 & 2 Br’s from $560. Cambridge Square 623-385-0009
Time & Equity Sharing
Wanted Real Estate
10 yr fixed
RENT SPECIAL-12 MO LEASE! 3 & 4 Br fr $850 No Common Wall. Cov Pkg, W/D pets! Boardwalk Estates 480-385-3084
Reduced Move-in Fees. Rates start at $800’s! Theater, lagoon style pool. 3 acres beautiful views in Versante Apts 623-792-9093 Coronado Island timeshare, Rio Rico AZ. 10 mins from Week #35, across street golf course $21,500. More from Hotel Del Coronado. info, email: ivonnelynch@g 3513 mail.com 480-809-3050 Call 760-568-0019 or cell Casa Grande 760-898-5252
3231
20% 3.126
312.92 Acres in Chino Valley, Az. This property is priced to sell. Bring your horses and build your custom home. Motivated seller!! 558,000 928-848-8761
Apartments
Sun City/Sun City West Homes
$0
Apache Junction Apartments
3272 3227
0.000
Farm Ranches
3070
Scottsdale Homes
3.125
Legend: The rate and annual percentage rate (APR) are effective as of 1/12/17. © 2017 Bankrate, LLC . http://www.interest.com. The APR may increase after consummation and may vary. Payments do not include amounts for taxes and insurance. The fees set forth for each advertisement above may be charged to open the plan (A) Mortgage Banker, (B) Mortgage Broker, (C) Bank, (D) S & L, (E) Credit Union, (BA) indicates Licensed Mortgage Banker, NYS Banking Dept., (BR) indicates Registered Mortgage Broker, NYS Banking Dept., (loans arranged through third parties). “Call for Rates” means actual rates were not available at press time. All rates are quoted on a minimum FICO score of 740. Conventional loans are based on loan amounts of $165,000. Jumbo loans are based on loan amounts of $424,101. Points quoted include discount and/or origination. Lock Days: 30-60. Annual percentage rates (APRs) are based on fully indexed rates for adjustable rate mortgages (ARMs). The APR on your specific loan may differ from the sample used. Fees reflect charges relative to the APR. If your down payment is less than 20% of the home’s value, you will be subject to private mortgage insurance, or PMI. FHA Mortgages include both UFMIP and MIP fees based on a loan amount of $165,000 with 5% down payment. VA Mortgages include funding fees based on a loan amount of $165,000 with 5% down payment. Bankrate, LLC . does not guarantee the accuracy of the information appearing above or the availability of rates and fees in this table. All rates, fees and other information are subject to change without notice. Bankrate, LLC . does not own any financial institutions. Some or all of the companies appearing in this table pay a fee to appear in this table. If you are seeking a mortgage in excess of $424,100, recent legislation may enable lenders in certain locations to provide rates that are different from those shown in the table above. Sample Repayment Terms – ex. 360 monthly payments of $5.29 per $1,000 borrowed ex. 180 monthly payments of $7.56 per $1,000 borrowed. We recommend that you contact your lender directly to determine what rates may be available to you. To appear in this table, call 800-509-4636. To report any inaccuracies, call 888-509-4636. • http://azcentral.interest.com
Check out the view today!
3058
NMLS# 166778
15 yr fixed Points: 0.000
Out of state owner renting out small horse property in North Phx. Ready for home or RV. Near I-17 & the 101. 406-388-8018 406-580-8885
Mesa Residential Rentals
4br 2ba 1921sq culdesac lot in Las Sendas (Blandford); single level home, 1/3 acre bckyd, $1599. 480-747-4641 tabteter@gmail.com
3756
Phoenix-Northwest Residential Rentals
∂ 1Bd 1Ba in 5-Plex, 27th Ave/ Northern, Coin W/D, Water Included. Only $550 APT HUNTERS 602.863.7676
FREE CABLE! 1-2-3Br from $700. FREE Water, Sewer, Trash. Rural/Baseline College Park (480) 516-0981
3760
INCREDIBLE PRICES!! Tempe Luxury! Great Location! Starting at $985 San Portella 480-385-3075
1 Fresh Painted 2Bd/2Ba, 2 Stry T/H W/Patio, W/D Hk-ups. 15Av /Missouri $650. 602-265-6490
Cars.com Service & Repair. Know the cost for labor and parts in your area so you don't pay more than you should. Research. Price. Find. Get the right service, without all the drama.
Phoenix-West Residential Rentals
CHECK OUT THESE SHORT-TERM LIVING SPECIALS!
WEEK TO WEEK MONTH TO MONTH
www.4rentweekly.com Furnished Studios & 1 Bedrooms PHOENIX NORTHWEST
PHOENIX WEST
PHOENIX CENTRAL
wkly from
wkly from
wkly from
$204.95 $204.95 $219.95
NO CREDIT REQUIREMENT 2 Wkly Meals NO 2 Wkly Meals INCOME REQUIREMENT 602.748.1674 602.682.9677 602.648.9942
Text NORTHWEST
Text WEST
TEXT CENTRAL
2541 W Georgia Phoenix
4323 N 27th Ave Phoenix
1350 E Thomas Rd Phoenix
TO 602-300-7423 TO 602-300-7423 TO 602-300-7423 FOR LIVE INFO! FOR LIVE INFO! FOR LIVE INFO!
Accepted at all locations. Rates subject to change without notice. Taxes not included. Some restrictions apply.
$
Get AZRentals magazine delivered right to your door! AZRentals magazine is the Valley’s premier full-color glossy guide to apartment living. Featuring a full-color trifold map of the metro Phoenix area & color-coded geographical sections to help make your apartment search easier.
See what your home is really worth. The Valley’s most accurate home valuation tool. Only at StreetScout.com
To get AZRentals magazine delivered to your door call 602-444-4971 or visit www.azcentral.com/advert/reprentals The Information Market, TIM, is Arizona’s most accurate real estate data firm.
AR-0008631982-01
DREAMING OF A NEW HOME? NewHomeCentral.com will help you find one. • • • •
In-depth local information on builders, communities and neighborhoods. High-definition video tours highlighting interiors and amenities. Photo galleries. Articles and tips on finding a new home.
Open the door to your brand new home. Visit
|| S U N D AY , J A N U A RY 15 , 2 017
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CHECK OUT THIS SENIOR LIVING SPECIAL! PET-FRIENDLY APARTMENTS FOR INDEPENDENT SENIORS 55 OR BETTER
Studio, 1, 2 & 3 Bedrooms Available
Get AZRentals magazine delivered right to your door!
STARTI NG @ $695 • Dishwasher • Washer / Dryer • Pool & Hot Tub • Clubhouse • Business Center • Elevators • Fitness Center • Theater • Daily Activities
AZRentals magazine is the Valley’s premier full-color glossy guide to apartment living. Featuring a full-color trifold map of the metro Phoenix area & color-coded geographical sections to help make your apartment search easier.
To get AZRentals magazine delivered to your door call 602-444-4971 or visit www.azcentral.com/advert/reprentals
1825 N. Stapley • Mesa, AZ 85203
480-682-4618 www.MesaRoyaleAZ.com
*Prices subject to change
AR-0008632128-01
3527
Glendale Apartments
NO LEASE ,C />.9> FREE UTILITIES <;>> 475/575>9 CREDIT #6%%% FRIENDLY! 9A>*5./$ FURNISHED <4;,598>( Rent ;F!? from EDH" $509 #0-&
3533
Mesa Apartments
3533
Mesa Apartments
2 BEDROOMS FROM $790 WATER, SEWER & TRASH INCLUDED!
DARTMOOR APARTMENTS 310 N. ALMA SCHOOL RD., MESA, AZ 85204
480-327-4849
AR-0008630426-01
Glendale Apartments
3548
Phoenix-North Apartments
3548
PREFERRED UNDER NEW EMPLOYER PROGRAMS* MANAGEMENT CALL FOR DETAILS
Check Out Our New Look & New Name!
Located inside Westgate City Center! • Granite counter tops • Black appliances • Cherry wood cabinetry • Washer/Dryers • 24 hour Fitness Center • Pet friendly
TOWNHOMES AVAILABLE!
SLASHING PRICES!!!!!
Phoenix-North Apartments
99
$
MOVE-IN SPECIAL
UTILITIES INCLUDED 1x1 (small) from $615 SLASHED to $590 1x1 (medium) from $640 SLASHED to $615 1x1 (large) from $674 SLASHED to $649 2x2 from $874 SLASHED to $849
Residences at Camelback West 6610 N. 93rd Ave. Glendale, AZ 85305 623-385-0119
4001 W. Camelback Rd. Phoenix, AZ. 85019 602-841-4551
Phoenix-Northwest Apartments
3549
Phoenix-Northwest Apartments
NO LEASE FREE UTILITIES CREDIT FRIENDLY FURNISHED Rent from $529 Northern Chateau 3708 W. Northern 602-973-1362
CALL FOR GREAT MOVE-IN SPECIALS!
Chateau Gardens *@3?F3= :3DGF!B 6105 N. 59th Ave. -21'&1+'%62) 623-937-0128 3527
3549
AR-0008630703-01
3554
Phoenix-West Apartments
3554
$
249 MOVE-IN* oac
FREE RENT
Phoenix-West Apartments
Free Water, Sewer, Trash. Full-Size W/D in Every Apt.
APP FEE WAIVED - VISIT TODAY!
Villa Del Sol (623) 209-7423
3554
Phoenix-West Apartments
Phoenix-West Apartments
Tempe Apartments
99
$299 Move-In Special! oac.
MOVE-IN SPECIAL
Free After School Learning Center
1 Bedrooms from $559 2 Bedrooms from $639 2 Bedroom/2 Bath from $659
LIGHT RAIL
7002 W. Indian School Phoenix, AZ 85033 3569
3569
$
San Marina Check Us Out For Our FALL DEALS!
STOP #25
623-792-9117
AR-0008630639-03
3554
1Brs from $649 2Brs from $709
AR-0008630613-01
Mesa Royale
Tempe Apartments
3569
Tempe Apartments
Arbour Park 1901 E. Apache Blvd., Tempe, AZ
480-682-1990 Free Utilities!
Videos that make apartment hunting a
snap!
FREE CABLE Free Water, Sewer & Trash
Bring in this ad for an Additional $50 Off Move-In! 1Brs$ from
700
2Brs$ from
800
3Brs$ from
900
6231 W. McDowell Road, Phoenix
College Park Apts | (480) 516-0981
Se Habla Español. *Prices subject to change
401 E. Dunbar Dr., Tempe (N. of Baseline/College)
Tour interiors, amenities, neighborhoods and more.
RENTER’S Legal Q & A Attention property managers and owners! The Arizona Multi housing Association invites you to attend one of the monthly Apartment Coalition meetings located throughout the valley. We currently offer 8 coalitions in the Phoenix-metropolitan area including: Central Phoenix Canyon Corridor (I-17) North Phoenix Glendale
Mesa Maryvale West Valley Tempe
The mission of these coalitions is to lay a foundation of community awareness & involvement by providing educational meetings and networking to better address the needs of your residents as well as provide professional development. By attending these monthly meetings you’ll find: Information of general interest to all involved in managing properties as well as specific information pertinent to the location of your property Insight from guest speakers on how to improve your property’s performance Information from local police on what’s happening in your area Free Q&A with AMA Member attorneys Legislative updates that affect property owners and managers Networking opportunities to support you in your community FREE LUNCH
Whether you own or manage, you CANNOT afford to miss these Apartment Coalition meetings. ALL area owners and managers are welcome to attend. For more information, contact Stephanie Garcia at sgarcia@azama.org to find out about the next meeting in your area!
Question:: I recently had a major stroke and need extra assistance that my spouse cannot give me. We would like to have a caregiver move in for six months to help out, but the occupancy limit at my apartment community is two per bedroom and we currently live in a one bedroom. Does my landlord have to allow the caregiver to move in? Answer: Yes, provided that you are really in need of live-in care and that is the true purpose of the caregiver. Fair housing laws say it is unlawful discrimination to refuse to waive a rule when reasonable and necessary to accommodate the needs of a handicapped resident. Suffering the consequences of a major stroke is a handicap. It is common for persons recovering from strokes to need live-in care. Thus, your landlord needs to make an exception to your occupancy limit and allow the caregiver to temporarily move in. If the landlord has a reasonable doubt as to the existence of the handicap or the need for a caregiver, he can normally request a doctor’s letter. But if the conditions are obvious, making such a request itself would violate fair housing laws.
Editor’s note: Readers who have non-emergency, general landlord-tenant, fair housing or multi-housing real estate questions can mail them to: The Arizona Republic c/o Rental Team, 200 E. Van Buren Street, Second Floor, Phoenix, AZ 85004. While all cannot be answered in this weekly column, we will attempt to publish those questions that would be of interest to most readers. For specific or urgent advice, consult your own legal advisors before making a decision. Legal Q&A participating attorneys: Scott Clark (602) 957-7877
Matt Koglmeier (480) 962-5353
Andy Hull (602) 230-0088
Mark Zinman (480) 994-4732
AR-0008632067-01
CareerBuilder. Go Beyond the Job Search. It’s not just about getting the job. It’s also about what comes next. CareerBuilder has the competitive insights and expert advice you need to get you where you want to be. Check out the new CareerBuilder.com.
© 2015 CareerBuilder, LLC. All rights reserved.
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AZRentals TOM SIMPLOT RENT SMART
Ownership change can affect apartment communities Anyone casually following real estate and business news has likely seen that Arizona continues to be a hot rental market. Nearly every week, business reporters are updating readers and investors on the sales of large apartment properties around the state. Many out-ofstate owners have entered the market and paid record prices for desirable properties in our metro market. While some renters may be con-
cerned about the impact on their lease, there are a few key things to know and some items to research. These investments and sales may be announced in your building via an internal communique or notice. Question: Will a sale affect my lease? Answer: A sale of a property will not affect the terms of your current lease. New owners must honor the terms of existing leases. Be prepared to negotiate at the end of your term, and research your options prior to that time.
Q: What changes should I expect under a new owner or management? A: You may see some changes on-site following a sale of a community. Some management companies or investors may plan to make upgrades to communal areas, like the pools, landscaping and community spaces. There may be some staffing changes as the property transitions ownership or management. There may also be a new process for requesting assistance or work orders. Your community resident website portal (if you have
one) will likely have this information or you can ask the on-site team. Over time, the new owners may also be making investments and upgrades inside apartment units. This may be planned for the end of a lease. If you are planning to renew, contact your leasing company early to see what their new lease terms are, pricing changes and any unit updates they have planned. Tom Simplot is president and CEO of the Arizona Multihousing Association.
IF YOU ARE THINKING ABOUT REFINANCING,
GET OFF THE FENCE. THE CLOCK IS TICKING, TIME IS RUNNING OUT!
Mortgage Rates Hit an All-Time Low! • No Points • No Fees • No Closing Costs You don’t have to pay a lot in fees to get a great rate!
Purchase or Refinance Loan amounts between
$
$
150,000 to 417,000
NO application fee, NO processing fee, and NO upfront appraisal fee.
480.607.7906 or visit us at scoutmortgage.com 9304 E Raintree Dr., #110 Scottsdale, AZ 85260 This advertisement is a solicitation by Scout Mortgage, Inc. for a mortgage loan. Loan amounts $150,000 to $417,000. 15 or 30 Year Fixed. Closing Costs paid at closing include title, recording, processing, underwriting, and escrow fees. Appraisal paid up front by borrower, reimbursed at closing. Prepaid taxes/insurance not included. Good credit required. Owner Occupied homes only. Verifiable income required. Impounds may be required. Consolidating debt may increase rate. Your rate and term may vary. Not all applicants will be approved. Call for details. MB0903218/NMLS# 56553 AR-0008630714-02