Real Estate Blog!


March 26, 2021

2021 Real Estate Myth Busted

Real Estate Myth's Busted in 2021

Some Highlights

  • There are a lot of misconceptions about buying or selling a home today, making it challenging to know exactly how to navigate the current real estate landscape.
  • Here’s a little clarity when it comes to 5 common myths about the 2021 housing market.
  • Let’s connect to discuss your needs and so you can decipher facts from fiction in our local market.
Posted in Market Updates, Seller
March 24, 2021

Super Sellers' Market

Arizona is in a super sellers market

Today’s Arizona housing market belongs to the Arizona homeowners ready to sell. With the average Phoenix home receiving multiple offers from buyers, sellers have serious leverage right now to set terms that work for them. Contact me today to learn about the best options for selling your house this spring.

#sellyourhouse #sellersmarket #moveuphome #dreamhome #realestate #homeownership #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestatetipsoftheday #realestatetipsandadvice #justsold

Posted in Market Updates, Seller
March 24, 2021

Rates are now too high!!!!!

Missed the super low rate boat

Don’t let the recent rise in #mortgagerates derail your plans to buy a home. In reality, rates are still lower than they’ve been in decades. Contact me to get started on the homebuying process and still get a great mortgage rate.

#interestrates #recordlowrates #buyingahome #homebuying #firsttimehomebuyer #opportunity #housingmarket #househunting #makememove #homegoals #houseshopping #housegoals #dreamhome

Posted in Buyer, Market Updates
March 24, 2021

Don't over do it with a refinance!


Surge in Refinancing


Freddie Mac recently released their Quarterly Refinance Statistics

View More
Posted in Buyer, Market Updates
March 22, 2021

Credit Score To Buy A Home


Credit Score for a mortgage


According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While stricter lending standards could be a challenge for some, many buyers may be surprised by the options that are still available for borrowers with lower credit scores.

The fact that the average American has seen their credit score go up in recent years is a great sign of financial health. As someone’s score rises, they’re building toward a stronger financial future. As more Americans with strong credit enter the housing market, we see a natural increase in the FICO® score distribution of closed loans, as shown in the graph below:

Chart of FICO score distributions for home buyers from 500 to 800

If your credit score is below 750, it’s easy to see this data and fear that you may not be able to qualify for a mortgage. However, that’s not always the case. While the majority of borrowers right now do have a score above 750, there’s more to qualifying for a mortgage than just the credit score, and there are still options that allow people with lower credit scores to buy their dream home. Here’s what Experian, a global leader in consumer and business credit reporting, says:

  • Federal Housing Administration (FHA) loans: “With a 3.5% down payment, homebuyers may be able to get an FHA loan with a 580 credit score or higher. If you can manage a 10% down payment, though, that minimum goes as low as 500.”
  • Conventional loans: “The most popular loan type typically comes with a 620 minimum credit score.
  • S. Department of Agriculture (USDA) loans: “In general, lenders require a minimum credit score of 640 for a USDA loan, though some may go as low as 580.”
  • S. Department of Veterans Affairs (VA) loans: “VA loans don't technically have a minimum credit score, but lenders will typically require between 580 and 620.”

There’s no doubt a higher credit score will give you more options and better terms when applying for a mortgage, especially when lending is tight like it is right now. When planning to buy a home, speaking to an expert about steps you can take to improve your credit score is essential so you’re in the best position possible. However, don’t rule yourself out if your score is less than perfect – today’s market is still full of opportunity.

Bottom Line

Don’t let assumptions about whether your credit score is strong enough put a premature end to your homeownership goals. Let’s connect today to discuss the options that are best for you.


Posted in Buyer, Market Updates
March 20, 2021

Buyers Guide Spring 2021

Buyers guide to buying a home spring 2021

View More
Posted in Market Updates
March 19, 2021

Home Equity Gains

Equity for homeowners in Arizona infographic

Last year Surprise AZ started off with a bang. Unemployment was under 4%, forecasters were giddy with their projections for the Arizona economy, and the Surprise AZ residential housing market had the strongest January and February activity in over a decade.

View More
Posted in Market Updates, Seller
March 16, 2021

Home Equity Is Pay Dirt For Many Arizona Home Owners


Financial Benefit of owning a home in AZ


There are many financial and non-financial

View More
Posted in Market Updates, Seller
March 13, 2021

Arizona Real Estate is Different Than Before

Changes in Arizona real estate

Last March, many involved in the Arizona residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, Arizona and Phoenix real estate had one of its best years ever. Home sales all over Arizona and prices were both up substantially over the year before. 2020 was so strong that many now fear the market’s exuberance mirrors that of the last housing boom and, as a result, we’re now headed for another crash.

However, there are many reasons this Arizona real estate market is nothing like 2008. Here are six visuals to show the dramatic differences.

1. Mortgage standards are nothing like they were back then.

View More
Posted in Market Updates
March 12, 2021

How To Be A Competitive Buyer IN 2021

how to be a competitive buyer in 2021

Some Highlights

  • With so few houses for sale today in Surprise, Arizona, it’s important to be prepared when you’re ready to buy an Arizona home.
  • Meeting with your lender early, knowing your must-haves and nice-to-haves, preparing for a bidding war, and keeping your emotions in check are all ways to gain confidence in the homebuying process.
  • If you’re looking for a professional guide to help you navigate today’s lightning-fast housing market, let’s connect today.
Posted in Buyer, Market Updates