Area Real Estate News & Market Trends

Welcome and please feel free to contact us anytime with your questions about real estate. We have worked full time in real estate since 2005.  We love to show homes!  

ScottSchulte.com is one of the best places to search for actual available homes.  The MLS Data is updated every 15 minutes.  So if the listing agent marks the home sale pending, the listing here is updated within 15 minutes.

 

Nov. 2, 2019

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates
Oct. 28, 2019

Down Payment Assistance Grows Homeownership

Down Payment Assistance

Down Payment Assistance Grows Home-ownership

Studies have shown (cbc Mortgage financial group) that 9 out of 10 home buyers would not have been able to purchase a home with out down payment assistance. 

We have been very successful negotiating seller concessions, where the lender allows the seller to pay some of the buyers closing costs, this is easily $5000.00 that the buyer would need above and beyond the 3 percent down that the bank requires to purchase a home.

If your paying with cash, or you have 25 percent to put down this is not a concern.  But if this study is correct most home sales depend on the seller contributing to the buyers closing costs, out of his proceeds.

Seller should budget for at least 3% of the purchase price and some repairs if they are looking to sell right away.  Finding that 1% buyer paying cash, may cost you some great buyers,  they will just need a little help with concessions.

Buyers options

  • Military VA loans potentially zero down payment.
  • FHA 3% down
  • 5%+ conventional loans
  • Cash
  • Hard Money loan
  • Down payment gift from family

Even if you plan on buying a home in 6 months or more it is worth it to give us a call, so we can point you in a the right direction and plan accordingly.  

 

 

 

 

Posted in Market Updates
Oct. 23, 2019

Temp Off the market 3905 N 297TH CIR, Buckeye, AZ 85396

3905 N 297TH CIR, Buckeye, AZ 85396

Coming Soon!!!   Now on Temp off the market

 

This is a must see!! Fantastic 4 bedroom, 3 full bathroom, 1858 sq foot home in the master planned community of Tartesso. This move in ready home features an oversize lot with a RV gate, fresh interior paint, 3 bedrooms upstairs, and full bathroom and 1 bedroom downstairs. The spacious laundry room has a gas hookup for the dryer. The home has many upgrades throughout such as the wood and iron staircase railings and corian style kitchen counter tops. The lovely master bath has a walk in closet, double sinks, and a separate tub and shower. The size of the backyard is an entertainers dream!

 

Click Here to check it out: More Photos of 3905 N 297th Cir

 

Check out homes in Tartesso for sale, you will see with the upgrades and lot size you will find a lot of value in this home

Want to see this home?  Please contact us, we are ready to set up a showing and will meet you there! 

Posted in Listings for Sale
Oct. 23, 2019

Explore Homes for sale in Surprise AZ by Map

Explore Homes for sale in Surprise AZ by Map

Explore Homes for sale in Surprise AZ by Map

  • Fast Map Search by City, zip code, and County
  • Refine your search by Price, beds, baths, and 24 other options
  • Create favorites
  • Save search to view again later
  • Tons of photos and gallery view
  • Advanced Search
  • Map Search
  • MLS number Search
  • Foreclosure Search
  • Sold Search
  • Address Search
  • you can log in anytime save, delete, rename, edit your search click on the person icon on the top left of your screen to change settings anytime.
  • I-phone app to go mobile

All Data is updated every 15 minutes.  So no stale listings like other sites.

Try the search, we will send you occasional search updates and help you if needed.

Map Search

 

Posted in Surprise Arizona
Oct. 23, 2019

Arizona Market Reports

Real Estate Market Reports

Here's a breakdown

  • Keep tabs on your home's value
  • Search by County, City, Property Details
  • Data is from ARMLS Arizona Regional MLS
  • The report will have clickable links to listings with photos to compare to your home
  • Most have detailed property details to compare
  • You can save the report to your profile and compare later
  • you can run as many reports as you need
  • We also have a home valuation link to give you more data on your home value

Expect a few emails, we will stay in touch every once and a while reminding you about your market report, and new data.

When you are ready to sell, we will run our own CMA and Market Valuation for you to review.  

 

 

 

Posted in Market Updates
Oct. 23, 2019

What’s Dragging Down the Value of Your Home?

 

 

But when you decide to sell your home and find yourself tasked with pricing the place you hold so dear, how do you do it right?

At the end of the day, your home is worth as much as someone else will pay for it – and it's an appraiser's job to estimate what that value could be. “The market value is what a prospective buyer is willing to pay for the subject property,” explains Kelly Kellogg, owner of Appraisal Experts Inc. in the Orlando, Florida, area and author of “ABCs of a CMA,” which provides real estate agents with a breakdown of comparative market analysis to price and sell properties.

 

Check your Home Value

 

https://realestate.usnews.com/real-estate/articles/whats-dragging-down-the-value-of-your-home

Posted in Market Updates
Oct. 23, 2019

How to Buy a House Before a Recession

How to Buy a House Before a Recession

How to Buy a House Before a Recession

 

chief economist with CoreLogic. “You can never rule it out. The risk of a recession still is pretty low for the next 12 months.”

 

About six months – that's how much longer, as of now, the current economic expansion is compared to the previous 120-month record set in the 1990s. Yet, as time stretches, forecasts and speculations about an impending recession abound.

Amid trade disputes and political ambiguities, the Federal Reserve has slashed interest rates twice this year alone, triggering concerns for an upcoming economic downturn, even if Federal Reserve Board Chair Jerome Powell has offered an optimistic outlook.

 

https://realestate.usnews.com/real-estate/articles/how-to-buy-a-house-before-a-recession?src=usn_fb&fbclid=IwAR32_CfChovPK8RaacSguz3fzP-HcEwGJ4WISXTtyIpHLm6sN-LlbSV4JS8

Posted in Market Updates
Oct. 23, 2019

REALTORS® Confidence Index

 

The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. In addition, the "Questions of the Month," feature results of a timely aspect of the housing market.

https://www.nar.realtor/research-and-statistics/research-reports/realtors-confidence-index?fbclid=IwAR2ZCz4XPUO1nA9pkBN18yGyp1nWyt05qYcUy_jG3qd8dTp5sLCCHC6ocu4#.XbDFvjj8bks.facebook

Posted in Market Updates