Buying vs Renting Real Estate: Which is Right for You?

December 2, 2015 by Susan Celano Leave a Comment

Buying vs, Renting Real Estate: Which choice is right for you?

When it comes to Buying vs. Renting Real Estate everyone has heard the old line that renting is just throwing away money. But is buying really better than renting in all situations? The answer to this question depends heavily on individual reasoning, financial situation, and short-term and long-term goals. As an Arizona Real Estate qualified buyer’s agent, let’s break down some of these questions and find out if real estate is right for you.

Finances
The first thing to look at is pretty simple: Can you afford to buy a house? No matter how good a deal you find or how much property values are rising in your area, it just won’t be possible to buy a house if you’re already overloaded with credit card debt or can’t scrape together enough money for closing costs. While banks will often work with buyers to help them get adequate financing, it’s often a good idea to rent for a couple of years while you sort out any messy financial situations.

Additionally, understanding the various aspects of the lending process; what documents will need to be in order, what are acceptable debt to income ratios, what types of loans are available to you, and what dollar range can you be approved for are all part of the home buying process. Often times speaking with a mortgage professional can help you to determine your qualification status by completing a mortgage pre-qualification. Having the expertise of a knowledgeable real estate agent on your side can help you to prepare for the home buying process even if you are not yet able or ready to buy. [Read more…]

4 Arizona Real Estate Pricing Mistakes You Can’t Afford to Make

September 1, 2015 by Susan Celano Leave a Comment

Top 4 Most Common Real Estate Pricing Mistakes

4 Arizona Real Estate Pricing Mistakes You Can’t Afford to Make

When selling Real Estate, there are many factors to consider; Can I afford to sell? What is my home worth? How do I attract the right buyers? If I sell, what are my next steps? These are all important questions to answer BEFORE the home ever goes on the market. As an Arizona Realtor we have seen our fair share of market peaks and valleys. Some of the most common concerns Sellers have are in regard to the listing price of their home. Selecting the wrong listing price can negatively affect how you answer those critical questions, just as selecting the correct list price will make your life a whole lot easier. Here are 4 Arizona Real Estate Pricing Mistakes You Can’t Afford To Make.

Phoenix’s East Valley and the Arizona real estate market has had its ups and downs in the past 20 years. Starting in the late 1990’s and continuing until the 2008 market crash, the population of the East Valley, and the average price of East Valley real estate, rose steadily. For example, the population of Mesa rose nearly 4 percent between 2000 and 2008, and Mesa AZ real estate prices were at record highs when the crash occurred.

After 2008, the Arizona real estate market took a huge hit to its property values. East Valley home values dramatically dropped, in some cases by half. The area has made strides to recover, driven by the fact that the East Valley is still just a great place to live. But many homeowners continue to be frustrated with the value of their East Valley real estate.

Sellers entering the Arizona real estate market today have to be vigilant when it comes to pricing. Mortgage requirements remain strict, and qualified buyers have many options. It’s important to trust a qualified seller’s agent to price your home, to help you avoid the 4 pricing mistakes causing some East Valley sellers to have trouble selling their home.

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Six Tips for Selecting a Real Estate Agent to Sell Your Home

May 27, 2015 by Susan Celano Leave a Comment

In case you’re contemplating selling or purchasing a home, you may ponder whether you require a buyer’s agent or how to go about selecting a real estate agent to sell your home. There are a lot of assets for a seller or purchaser nowadays, from online real estate destinations to how-to aides. Well, an agent has something no purchaser or seller– especially as first-time buyers and sellers – does: an abundance of experience. An agent will function as a supporter for your sake and, much of the time, will improve bargaining effectiveness than what you could do by yourself in Arizona East Valley’s cutthroat market.

Speed-up the Process

An agents’ full-time employment is to go about as a contact in the middle of purchasers and merchants. This implies that he or she will have simple access to every single other property recorded by different agents. Both the purchaser’s and dealer’s operators work full time as professionals and they comprehend what needs to be done to get it together. For instance, in the event that you are hoping to purchase a home, a buyer’s agent will find homes that meet your criteria, contact seller’s agents and make arrangements for you to view the homes. If you find that you are needing to purchase on a budget, you will need to play this game yourself. This may be particularly troublesome in case you’re looking for homes that are available to be purchased via direct owner.

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The Future of Arizona Real Estate

May 22, 2015 by Susan Celano Leave a Comment

The Future of Arizona Real Estate: We have all seen the housing markets do their thing over the last few years. Chances are, if you are a home owner today, you have a much different perception of real estate and what it means to get in or out of the market.

In an industry that is historically dominated by investors that buy up “fire-sale” properties, who then flip them back into the market; identifying the proper trends of your particular area can be a little difficult. There are several reasons for this, not the least of which is the plethora of information which exists for consumers.

Too often the market advice comes from unreliable sources which shape “perceptions” of what the real estate market is actually doing. But this over stimulation of information is not all bad. It simply means that you need to be able to separate the chaff from the wheat. We know that by reviewing some of the most basic statistics and analytics of the housing industry, that the real estate market is finally seeing some “bounce-back” from 2007-2008 housing bubble which collapsed nearly the entire industry.

In a 2012 article, CNN identified the top 100 areas who were most impacted by the American Foreclosure epidemic. Of all of these areas, none were hit harder than those markets in the South West Region of the United States. Having been in Arizona at the time, I can assure you that this was a situation of epic proportions. Foreclosure rates skyrocketed, new construction halted to a stand-still, and investor purchases went through the roof.

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Mesa Arizona’s Newest Real Estate Site

May 22, 2015 by Susan Celano Leave a Comment

We are happy to announce the launch of our mobile responsive website www.kenyonrealty.com – your online resource for all East Valley real estate! We always endeavor to provide clients with easy access to up-to-date listings and information impacting the real estate industry. Our goal is to enable you to make the right decisions about one of your largest investments, whether you are buying or selling a home.

This feature rich website has everything you need to help you in your search for local homes for sale in Mesa, Gilbert, Chandler, Tempe, San Tan Valley, and Queen Creek Arizona. Start your advanced search for East Valley real estate now or search by map. Also check out our featured East Valley homes for sale. Have any questions about a listing or real estate in general then contact us by email or call 480.832.1331.

Interested in being notified of the hottest listings to hit the market? Then be sure to sign up for FREE New Listing Email Notifications or a Free Market Analysis and stay informed of new listings as they the hit the Arizona real estate market. Only get listings emailed to you that meet your specific criteria. Sign up today!

Our Agents know the real estate market. Based in Mesa Arizona, and serving the local Mesa and surrounding areas our agents have the qualified expertise to turn your dreams into real estate. This website is the latest update demonstrating our commitment to a superior buying and selling experience.

Whether you are buying or selling a home, our agents are here to assist. New to real estate, or just looking for some general real estate information? Download your free buyers and sellers guides. It is a great resource for anyone considering buying or selling a home.

Have any questions? Don’t hesitate to contact Kenyon Realty-your Arizona East Valley Real Estate Experts!

Kenyon Realty Agents are experienced agents who are willing to work for you to ensure that you get the best possible outcome. If you’d like more information please contact us today: 480.832.1331

Susan Celano, and the Kenyon Real Estate Team

www.KenyonRealty.com

Call: 480.832.1331