Buying a home in Scottsdale

Information on buying a home in Scottsdale

There are currently 14 blog entries related to this category.

Home inspection completed? Check. Appraisal done? Check. Repairs successfully negotiated? Yup. All that’s left now is to close on the purchase of your new home. Right?

Not so fast – you have one final task, the final walk-through. This will happen just before closing on your new Scottsdale home and it’s your chance to ensure that the home you’ll soon be getting the keys to is in the same condition as when all the contract’s contingencies were removed.

We have a warning for you: do NOT rush the final walk-through of your new home. This is your only chance to complain about anything new (of a negative nature) that has happened to the home since you last saw it. Allow yourself plenty of time.

Keep in mind that this tour isn’t to find or cure

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The last thing new homeowners want to do after they finally close on their new homes is to spend yet more money, but if this is your first home, shop you must. As a homeowner, all repairs fall to you; no more picking up the phone to call the landlord. If you consider yourself handy and have the tools on hand that you’ll need to get the job done, you’ll save money in the long run.

Let’s take a list at some essential tools you may need to have for small repairs.

1. Tool kit — Even a basic kit is better than nothing. Ensure it includes a hammer (for hanging pictures), a Phillips head and standard screwdriver, a measuring tape, adjustable wrench, pliers and a utility blade. Now, those are the basics to get you started and you may want to consider

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 While it may not seem like it when a down real estate market drags on for years, the one thing you can count on is that it will, eventually, change. Scottsdale, Arizona’s market showed signs of doing just that, starting in late 2011, with high buyer interest and rising prices. Tumbling interest rates brought even more buyers to the market and today we’re in a hot seller’s market.

Sure, other sectors that affect the housing market remained clouded, such as low consumer confidence and sluggish jobs reports. But the slowing economy in China and the U.K.'s decision to exit the European Union pushed interest rates to slightly above the historic low. Because of this, Freddie Mac released revised projections last week, predicting increased action in the

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House and keys sitting on top of stacks of money

We see it often as listing agents – Scottsdale homebuyers that go into the process absolutely clueless about the fees they’ll be required to pay at closing. In fact, most of them think the down payment is the whole ball of wax when it comes to cash outlay. Hey, we don’t blame them; it’s their lender’s fault.

Since lenders don’t seem to be doing an adequate job of counselling homebuyers about the very significant amount in fees they’ll pay at closing, we will. Well, we can’t cover all of them, but these are the biggies.

Down payment

The amount you’ll pay at closing for your down payment depends on the amount and the type of your loan. Conventional loans require 20 percent of the loan amount as a down payment while the VA and the USDA require

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Not everyone can afford the escalating home prices in Arizona. Scottsdale’s home prices, for instance, increased 9.4 percent in May (over the median price in May of 2015). The median list price of Scottsdale homes for sale right now is $629,000.

So, what are folks on a tight budget supposed to do? We wondered the same thing while working with some first-time homebuyers recently so we did some research. Here are three wonderful homes for sale in Scottsdale, priced below $250,000.

Trails at Scottsdale

It’s hard to believe that you can buy a condo in Scottsdale at this price but this is a single-family home with 3 bedrooms, 2 bathrooms and 1,845 square feet of living space! Situated on a corner lot, this home features a side yard, backyard and a…
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Most folks are horror stricken when they find out one of those huge retailers will be opening in or near their neighborhoods. Apparently, the fear is misplaced, according to studies of what happens to home prices in these situations. Sure, there will be a marked increase in traffic and noise, but read on to find out the benefits of having a Walmart next door (or nearby).

The Walmart Effect

Yes, there’s actually a name for it and it was coined by ABC News. Despite what many critics think, a new Walmart in the area actually helps boost home values, according to a study by Brigham Young University and the University of Chicago. You just might get a 3 percent bump in the value of your home when Walmart comes to town.

A new Whole Foods store will

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For many golfers, living in a golf course community is a dream-come-true. Who wouldn’t want to go from garage to clubhouse in just seconds and in a golf cart? Scottsdale golfers flock to the Starfire Golf Course located in the fabulous Scottsdale Country Club community, and if you’re one of them, you’ll want to take a look at the surrounding Sovanna Condominiums for your new home.

The golf course

The Arnold Palmer designed Starfire Golf Course is an absolute treat. With three well-maintained nine-hole courses, you can always squeeze in a quick game before work or spend the day working through all 27 holes. The Sovanna Condominiums are surrounded by the course, so you’re likely to pass your neighbors while you walk around the property.

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Scottsdale is a city full of master-planned communities with homes to fit just about any lifestyle. The 640-acre Gainey Ranch community, a local favorite, dates back to 1980 and is home to 19 distinct neighborhoods. One of these is Gainey Village, a gated community, and it’s well worth a look while you’re shopping for a home in Scottsdale.

Schools near Gainey Village

Public school students that live in Gainey Village attend Cochise Elementary School, Cocopah Middle School and Chaparral High School. The latter is ranked 71 of 254 public high schools in Arizona. Students here outscore the state’s average on both the math and English language arts portions of the AzMERIT exams.

The elementary school and high school are within a 5-minute

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It takes a lot of planning if you hope to end up with the home of your dreams when buying new construction. If a home office is part of those dreams, read on for some tips on what to consider.

Space and location

If you work full time from home, adequate space for storage is critical in a home office. You may need space to store files, books and manuals and seldom-used tech items. Built-ins, such as shelves and cupboards, work well for this and don’t take up a lot of space.

The location within the home is an important consideration as well, especially if you’re easily distracted and there are others in the home while you work. As well, additional insulation during construction may pay off later by helping to soundproof the room.

Lighting

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What good does it do to live in amazing Scottsdale, surrounded by amenities other cities can only wish for, if you spend most of your free time maintaining your home? Lawn care alone can eat up the better part of a weekend. This is why homes in managed communities are so popular. In fact, the more resort-like the city, the more popular its condos and townhomes.

If you’re considering selling the lawnmower and spending your leisure time actually enjoying yourself, consider buying a condo at Scottsdale’s The Plaza Lofts.

Amenities

Talk about a life of leisure! After work you’ll park your car in the private, gated garage and then use your key-card to gain access to the building and again for the elevator to whisk you to your home. Unwind

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