February 2017 Scottsdale Arizona Real Estate Market Update
Why May Is the Magic Month for Home Sellers By Joe Szabo, Scottsdale Real Estate Team
5 Questions to Ask Potential Mortgage Lenders By Joe Szabo, Scottsdale Real Estate Team
Avoid buyer’s remorse
Twenty-one percent of home buyers reported buyer’s remorse over their lender, according to a recent J.D. Power study. Among first-time home buyers, that rose to 27 percent. Dissatisfied respondents cited a lack of communication, unmet promises, and feeling pressured to select a specific mortgage product. “If you’re not getting a call back, or don’t understand what’s going on, look elsewhere,” advises Angie Hicks, founder of Angie’s List. Last year, about 9 percent of the real estate pros received C, D, or F grades from Angie’s List members. “People happy with their mortgage pros cited quick, friendly, clear responses and fair pricing,” says Hicks. “There are plenty of qualified, trustworthy lenders out there.”Find the right lender
It’s important to find a lender or broker who communicates well with you, and in a manner you’re comfortable with. This applies whether you’re meeting face-to-face with a lender, or working online and over the phone. Does the lender explain things well? Are they willing to spend the time? Or do they seem rushed and irritated? To test the waters, Hicks suggests asking these five open-ended questions:- Is this the right time for me to buy? The lender’s answer will depend on your circumstances — such as your debt-to-income ratio, how much you plan to put down, and other factors. What’s important is that they explain your situation in a way you understand.
- What personal debts — like credit cards — should I pay down before closing? And how soon do I need to do that to qualify for a good rate? Lenders should explain what they’re looking for in your credit history and how you might improve your credit score. According to credit reporting agency Experian, on a scale ranging from 300-850, a credit score of 700 or above is generally considered good. A score of 800 or above is considered excellent. If you aren’t sure what to expect, you can order your free credit report online.
- Should I pay points to lower my interest rate? Your interest rate may be paired with mortgage discount points. One discount point typically amounts to 1 percent of the loan amount. So one point on a $250,000 mortgage would equal $2,500. A lender should explain the options. “The longer you plan on living in your home, the more sense it may make to pay points,” advises the Consumer Financial Protection Bureau.
- How much will I need to pay at closing? Do I pay by check, wire transfer, or bank check? Make sure you really understand how the money will be transferred when the deal closes. There’s been an uptick in scammers swiping the buyer’s closing funds during electronic transfers, according to the Federal Trade Commission.
- Who will service my loan? A servicer is the company that collects your mortgage payments and deals with late or missed payments. Some lenders service their own mortgages or outsource servicing. Others might sell the mortgage. While you have no say on who services your loan, this question gives lenders the opportunity to talk about the scope of their business and commitment to you.
Live Happily Ever After: Creating a Fairy Tale Interior By Joe Szabo, Scottsdale Real Estate Team
Twinkle twinkle
Pretty statement pendant lights and elegant tableside fixtures create the perfect amount of illumination for a fairy tale interior. Create this look with layered lighting: choose a sophisticated statement pendant and complement it with dimmed floor lamps or bedside lighting. Glass, nickel, and high-gloss finishes are all princely illumination options, and work perfectly in the master bedroom, dining and living areas.Powdery pastels
Create a space straight out of a storybook with soft and lustrous pastel colors throughout the room. Choose a satin-finish paint for the walls in a soft white or powdery gray, and add plush upholstered pieces in muted neutrals for additional elegance. Top off the look with airy drapery and linens, and soft, tufted textures throughout.Enchanted embellishment
One of the most beloved characteristics of fairy tale interiors is their decadence and grandeur. From crown molding to ornate coving and ceiling medallions, fairy tale style is nothing short of sophisticated. For your own enchanted space, consider adding molding. Moldings add shape and dimension to a room, lending an opulent feel to the design. Accessorize the room with ultra-feminine furniture and velvety fabrics topped with masculine elements like fur and metal fixtures. Combine your favorite fairy tale elements to create an ambiance perfect for a beloved storybook character. Bring the look into modern-day design with transitional elements, or keep it classic by playing up its old-fashioned appeal. Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale Greater Phoenix Metropolitan Area in the buying and selling of Luxury homes in Arizona. Award winning Realtors and Re/MAX top producers and best real estate agent for Luxury Homes in Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results. Contact Joe Szabo at 480.688.2020, [email protected] or visit www.scottsdalerealestateteam.com to find out more about Scottsdale Homes for Sale and Estates for Sale in Scottsdale and to search the Scottsdale MLS for Scottsdale Home Listings.January 2017 Scottsdale Arizona real estate market update
January 2017 Paradise Valley Arizona real estate market update
Treat Someone Special to a Romantic Indoor Picnic By Joe Szabo, Scottsdale Real Estate Team
Spiked Thai iced tea
For each serving, pour 1-½ cup brewed and chilled Thai tea, such as Pantai Thai Tea Mix. Stir in one teaspoon of honey simple syrup (one part honey, one part water, heated until the honey dissolves, and then cooled). Add one ounce of whiskey, then top with a splash of coconut milk (not to be confused with coconut water). Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale Greater Phoenix Metropolitan Area in the buying and selling of Luxury homes in Arizona. Award winning Realtors and Re/MAX top producers and best real estate agent for Luxury Homes in Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results. Contact Joe Szabo at 480.688.2020, [email protected] or visit www.scottsdalerealestateteam.com to find out more about Scottsdale Homes for Sale and Estates for Sale in Scottsdale and to search the Scottsdale MLS for Scottsdale Home Listings.Declutter Your Way to a More Organized, Intentional Home By Joe Szabo, Scottsdale Real Estate Team
The Clutter Scale
5 — Important items whose place in your home is non-negotiable. For me, this included my green-stained Depression glass, photos, business files, office equipment, and my car. 4 — Items that are difficult to replace and items you use every day. This pile included most of my clothes, CDs, some furniture, a favorite sheet set, towels, and jewelry. 3 — Items you use occasionally but haven’t used within the last six months. 2 — Items you rarely use but feel hesitant to toss. 1 — Items you never use, like seasonal items, specialized tools, or kitchen gadgets. I got rid of stationery, extra wrapping paper, old boxes, and my printer. You know what I found as I used the clutter scale? There were rarely items that rated a 2 or 3. And once I established some criteria, I was able to sort and purge the 2s and 3s like never before. As you sort your less important items, ask yourself the following questions:- Do I love it?
- What’s the special story behind it?
- Do I have the space for it?
- Can I replace it?
- Can I easily borrow it or rent it if I need it again?
- Does it support my goals and values?
- Does it compare to the items I ranked as a 5?