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14 May

GET STUFFED phoenix delicacies GARAGE BOUTIQUE A fun place that features soft-

R

A Monthly Newsletter Providing Comprehensive News and Information Regarding the Real Estate Market.

THE

REAL ESTATE

ESOURCE

Top 5 Priorities for Home Buyers:

serve ice cream, a candy bar, and an old school soda bar.

Pick 5 Priorities: Do you want a

they can get that in Scottsdale or the

Ask about the report card

modern or historical home? Are you

Arcadia area of Phoenix. But buying

looking for a two-story or a single-

in Gilbert or Chandler will give them

level? Is a pool a priority? Put togeth-

all of that plus more for their money.

er list of priorities. This helps prepare

Is Bigger Better?

your realtor for your home search.

think about their needs first.

program. 7144 E. Stetson Dr., Scottsdale www.garageboutique.com ESSENCE BAKERY

Buyers need to Sure

a larger home may be exactly what

Experience the most yummy, flakey croissants in Phoenix.

All about Location: Location makes

they need, but they should not limit

They have sweet and savory

a difference for many buyers. But

themselves to square footage when

buyers need to understand why a

thinking about size. A larger house

particular location has appeal. If it

may have a lot of wasted space, while

is because the area is near work, that

a smaller home with a great floor plan

may be a fixed factor. But if family

may make very good use of space.

options to please any palate. 825 W. University Dr., Tempe www.essencebakery.com BARRIO CAFE

members think they need to live in a

Enjoy authentic southern Mexico cuisine and original chef creations. Be sure to try the table side guacamole, it’s absolutely amazing! 2814 N. 16th St., Phoenix www.barriocafe.com

STAY CONNECTED

specific school district, they should

Wants vs Needs: Consider those

think again. Arizona’s open-enroll-

things essential to everyday life when

Set your Budget: Most people are

ment policy allows students to live

sorting through wants and needs. One

restricted in what they can pay, limit-

outside of a district and still attend the

person’s pleasure (a 1-acre lot) is

ing their choices. Start by meeting

school of their choice.

another’s pain (mowing the lawn),

with a lender to see what you’re most comfortable spending.

but it is all part of the prioritizing that If buyers like a home’s proximity to

takes place throughout the homebuy-

fine restaurants and upscale shops,

ing process.

GINA KENT, REALTOR

CORPORATE OFFICE

Gina@theGKgroup.com 480-266-0982 cell www.theGKgroup.com

2500 S. Power Rd., Mesa, AZ 85209 480-854-2400 tel. www.integrityfirstrealty.com


MAY EVENTS Every Sat. in May Breakfast with Elephants Phoenix Zoo 455 N. Galvin Pkwy., Phoenix

Should sellers make repairs before listing their home? An all-too-common dilemma faced by

possible. Usually the repairs and main-

sellers before putting their house on

tenance on your home does not take a

the market: Do they spend some money

lot of money. However, if a buyer walks

to fix things up, or should they offer

into a home that needs new carpet and

a potential buyer a credit, such as the

paint, the amount gets magnified in

often-used “carpet allowance”?

their mind. A buyer will see a $10,000 repair, when in fact it is only a $3,000

$50/pair ($30 members)

Allowances are a last case to go to

May 10-11 & 17-18

the nicest buyers will want to bargain

If your fix up budget is nonexistent,

and get the best deal in town. If a buyer

having the home cleaned and spotless

sees a $5,000 carpet allowance, a buyer

will need to be your top priority! If

will automatically go into the negotia-

maintenance and repairs have not been

tion process with a different mindset....

made and they cannot be done before

it’s human nature.

the home goes on the market, then

Peach Festival Schnepf Farms at 24810 South Rittenhouse Road in Queen Creek runs May 10, 11, 17, and 18 from 7:30 a.m. until 4 p.m. with free admission.

fix. It happens all the time!

option when selling your home. Even

make sure and be realistic with your

www.schnepffarms.com

So forget the allowances and fix things

pricing. Do not expect top dollar for

up the best you can. In order to sell your

your home if it is not in prime condi-

May 17

home for the most amount of money in

tion. As a seller, always remember to

the least mount of time, you will want

put yourself in the buyers shoes. Would

your home to be as turn key ready as

you buy your house?

Cirque de la Symphonie Phoenix Symphony Hall 75 N. 2nd St. 2:30pm $11-$19 May 25 Schoolhouse Rock Live Updated songs for a whole new generation, presented by Childsplay. 1 & 4pm Sat, 1pm Sun. $15 & up. Tempe Center for the Arts, 700 W. Rio Salado Pkwy, Tempe. www.childsplayaz.org. May 31 AJ’s Summer Wine Tasting Enjoy live music and silent auction. Held at the Scottsdale Museum of Contemporary Art. 2pm $35 per person.

2

www.smoca.org

GILBERT MARKET TRENDS


tips why

A R E A C O M PA R A B L E S AT A G L A N C E

buy now?

1 Price increases are on the horizon. Home prices are projected to appreciate by 4.5% this year and by over 19% from by 2018.

1314 E. Treasure Cove 6 bed 4.5 bath Currently listed at $1,000,000

1411 E. Coral Cove Dr. 5 bed 4.5 bath Currently listed at $865,000

1449 E. Catamaran Dr. 5 bed 3.5 bath Currently listed at $600,000

1450 E. Catamaran Dr. 5 bed 3 bath Currently Listed at $474,000

2325 E. Beachcomber 4 bed 3 bath Currently Listed at $399,900

2841 E. Nunneley Rd. 4 bed 2 bath Currently Listed at $333,000

2920 E. Cathy Dr. 5 bed 3 bath Currently Listed at $309,900

509 W. Amoroso Dr. 3 bed 2 bath Currently listed at

1802 E. Cascade Dr. 4 bed 3 bath Sold for $450,000

1862 E. Catamaran Dr. 3 bed 2 bath Sold for $425,000

1831 E. Monarch Bay 4 bed 3.5 bath Sold for $654,000

1210 S. Parkcrest Ct. 4 bed 3 bath Sold for $240,000

2 Owning creates family wealth. The Federal Reserve did a study that revealed the net worth of

the average homeowner is 30 times greater than a renter.

3 Interest rates are projected to rise. The Mortgage Bankers Association, the National Association of Realtors, Freddie Mac and Fannie Mae have all projected that the 30-year mortgage interest rate will be over 5% by the spring of 2015.

$250,000

D OLD D D L L L O S S SO SO

Why Use a Real Estate Agent? Deciding to Buy:

Finding a Home:

Due Diligence & Inspections:

The housing market post-crash is a tricky

An experienced real estate agent has up-

The initial agreement is only the begin-

one. Real estate agents help you navigate

to-date info on what is happening in the

ning of the process. Appraisal, inspection

foreclosures, short sales, tighter lend-

marketplace including pricing, financial

and financing all pose as possible pitfalls

ing standards and a whole host of other

terms, and trends in the market.

in a real estate transaction. A real estate

issues.

Make an Offer:

agent gives objective professional advice to resolve issues and move a transaction

Financing:

Good real estate agents are experienced

A real estate agent already has contact

negotiators and have a mastery of details:

with local lenders. They can help you

helping you complete a real estate trans-

Closing:

find a reputable local lender who will

action that encompasses a win-win price,

An agent understands the closing paper-

provide good service and act in your best

transaction details like preferred time

work and knows what to look for regard-

interest.

lines, financing details and other impor-

ing closing costs, tittle insurance, pro-

tant info.

rations and other fees that come up at

to closing.

closing.

3


offered at

$205,000

A LOVING HOME 21126 E. Saddle Way, Queen Creek, AZ 85142

You won’t

features a breakfast bar

want to miss this love-

with gas appliances. All

ly, recently remodeled,

bedrooms are complete

single level home that

with plush carpet and

is located near a cul-de-

warm wall tones. The

sac! The eat in kitchen

master bedroom leads

MLS# 5109347

off the backyard, with a full bathroom featuring a dual sink vanity, tub and walk in closet. This home is a must see and won’t last long, contact us today to schedule a showing! PROPERTY DETAILS

Approx. 1859 Sq. Feet 3 Bedrooms 2 Bathrooms Mstr Bdr Walkin Clst Refrigeration Air Covered Patio Grass & Desert Landscaping Granite Countertops Large Private Yard Black Appliances Washer/Dryer Included

The Gina Kent Group Each Keller Williams® Office independently Owned & Operated If you are currently working with another Broker please do not consider this a solicitation.

2500 S. Power Rd., Suite 121 Mesa, AZ 85209

May 2014 Newsletter  

Find out what is happening in the local real estate market and how it affects you.

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