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ExecElite Private Client Group powered by Denise van den Bossche

ExecElite Private Client Group powered by Denise van den Bossche

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Market Update: Buying a New Home, What you need to know

(Published on - 8/28/2018 11:58:02 PM)

This month's market update is on Buying a New Home, which is timely, as we have so many new communities under construction in the Phoenix Valley of the sun.

Here are a few things to think about when buying a new home:

  1. Price: Builders rarely negotiate their prices. If they did, it sets a precedent for future sales. They are more likely to offer incentives or pay closing costs than to drop their price. To save on a new home look for inventory homes that have been on the market for 45 days or more. These are the new homes in which you might be able to get a good deal through better incentives.
  2. Representation: New home models are staffed by agents who work directly for, and represent the builder. A buyer also needs someone to look after their best interests. Some buyers think that if they don't use an agent, the builder will reduce the price of the home by the amount of the commission. Not true, again, that would set a precedent, and builders know that statistically the majority of new home buyers rely on their Realtor.  Builders include buyer's agent commissions into the marketing budget of new home sales, so if a buyer goes to a new home neighborhood without a real estate agent, either the builder or the builder's agent will pocket that money.
  3. What you see is not what you get:  New home models may not be a good representation of what comes standard with a new build. Models are typically highly updated versions. It is the builder's showcase.
  4. Timing: A lot of the national builders need to meet sales goals, so towards the end of a quarter builders tend to be more aggressive with their incentives. Very few people shop for homes in December. For that reason, 'tis the season to find some great incentives to purchase a new home. 
  5. Inspections:  We are all human and to err is human nature. I can tell you hundreds of stories of the silliest things that are overlooked on a construction project, regardless of the expertise and talent of any builder. And of serious issues occurring when buyers wait to do their own third party inspections months later just before the warranty expiration. Also, use an inspector specifically experienced in new home construction.
  6. Research:  Not all new home builders are created equal. Do your homework, visit other communities the builder has built and check online reviews.
  7. Lenders:  Most new home builders have a preferred lender and will often offer incentives, but don't assume that is going to be your best deal. Shop around and find the best loan and terms for you, not for the builder.

Want to know more about buying a new home? Give me a call and TAKE ME WITH YOU when you want to go tour new homes. Don't go into a new home neighborhood without your agent - that's me, Denise van den Bossche!  

Watch my youtube on the topic at  Buying A New Home in Arizona

Or Contact me  denise@VDBassociates.com  602.980.0737 

Sold August 2018

#dNice #ExecElite #RealtyExecutivesScottsdale #RealtyExecutivesInternational #AZMultipleListing #AZHomesforSale #NewHomesArizona #BuyingNewHome #NewHomes


Metro Phoenix 2017 Real Estate Results as seen looking back

(Published on - 8/2/2018 5:07:18 PM)

2017 was one of metro Phoenix’s best-ever years for home sales. Nearly 95,000 Valley houses changed hands last year, a 6% increase from a year earlier. 2004, 2005 and 2011 were the only years higher for home sales, but those were artificially fueled by the subprime mortgage debacle and resulting foreclosures. So we can consider 2017 as truly being the Valley’s best year for home sales in a healthy market. Most parts of the Valley are getting close to the artificial peaks of 2006.  Metro Phoenix’s median existing-home price is now $250,000 now, vs $265,000 at that peak, according to the Cromford Report. One more 6% increase and we will be there. Subdivisions such as Arcadia are well beyond those peaks. Here are a few of the quotes we are hearing the first quarter of 2018:

  • “Phoenix's housing market will continue to perform in 2018 much as it did in 2017,” said Mark Stapp, executive director of the Master of Real Estate Development program at Arizona State University's W.P. Carey School of Business. But he said not enough affordable housing, inflation and resulting interest rate hikes along with new tax laws could be factors that work against the market here in 2018.
  • Ruff is concerned about not enough affordable housing. “The challenge is to build more housing that people can afford,” he said. “Valley prices can’t keep climbing at the current rate, if people can’t find homes they can afford.”
  • Tina Tamboer, of the Cromford Report, said she “wouldn’t be surprised to see appreciation soften a bit this year.” She believes home prices will keep climbing in 2018, but potentially not at the same rate as in the past two years. 

I am a paid subscriber to the Cromford Report center at Arizona State University: Contact me if you would like a market snapshot specific to your area of interest!  Click here for a look at a public snapshot from Cromford. 


Swimming Pool Owners need to be aware of new Federal Mandates

(Published on - 7/3/2018 5:02:31 AM)

The new Variable Speed (“VS”) pool pumps are more than just quiet and drastically more energy efficient, there is a 2017 Federal Mandate that will outlaw most Single Speed pumps in residential pools by 2021.  The VS pumps can reduce electrical costs by 40% to 80%, with the typical investment today between $1,200 - $1,400.  They often pay for themselves in the first year, and then continue to provide energy savings year after year.

 

As with any new technology, it will cost more to replace parts when they fail, but energy savings should be considered when determining your return on investment. And the VS Manufacturers state that VS pumps have a very low failure rate, with most attributed to installation errors. 

 

A VS pump is not ideal for every pool, such as those heavy on demands. If you have significant water features, a salt system, or are heating your pool, you should do additional research. However, every pool owner needs to be aware of the new standard.


Scottsdale Arizona is rated on of the nation's most desirable cities

(Published on - 5/29/2018 2:23:31 AM)

 

WELCOME TO SCOTTSDALE!Rooftop Scottsdale Fashion Square

Phoenix Sky Harbor International Airport can be a short 10 minute drive to Old Town Scottsdale & Camelback Mountain, which borders Paradise Valley Township, Scottsdale Fashion Square, and the Arcadia neighborhood.  However, you can continue driving another 60 minutes and still be in North Scottsdale.  The Town was originally designed with West World Equestrian facility at Bell Rd and the 101 as the geographic center, and development has finally caught up with that design.  Downtown/Old Town Scottsdale is on the south side of the Town and borders Tempe (home to ASU). Just north of Old Town is the where the new 110 Acre Ritz Carlton Resort and Custom Resort Homes, and the new Palamar Shopping District is under construction. Just a few miles north of that is the famous Kierland and Scottsdale Quarter shopping district. These all lie on Scottsdale Road, which will lead you all the way to Cave Creek and Carefree.  Scottsdale is rated one of the nation’s most desirable communities to live and visit. Known as “The West’s Most Western town,” it is home to more than 90 restaurants, 320 retail shops, 80 art galleries, and 220 golf courses. The McDowell Sonoran Preserve located in and adjacent Scottsdale is claimed to be the largest urban wilderness area in the United States.

 

3C SCHOOLS:   Open Enrollment and a robust Charter School system provides public education that includes some of the highest-ranking schools in the nation. There are many private schools to choose from as well.

 

GOLF:  There are nearly 500 courses in Arizona, and about half are here in Scottsdale. According to Golf Link, the highest rated are Troon Country Club, Mirabel Golf Club, Desert Mountain Club, Troon North, Desert Highlands, Ancala and Kierland. We have been members of Ancala and highly recommend it!

 

EVENTS:  The Phoenix Open Golf Tournament is played at the TPC Scottsdale golf club each January. Designed by Tom Weiskopf and others, there are two par-71 golf courses, and it is adjacent to the Princess Resort (Walking Distance to the current Realty Executives International Corporate Offices).   The Collector Car Auctions held each January, for more information click here.   Scottsdale will be hosting teams for the 2023 Superbowl once again – to see the announcement, click here.   SPRING TRAINING is a huge draw every March - More info here.    EQUESTRIAN:  Click here for WestWorld link.

Homes for sale in Scottsdale by Neighborhood: 

Paradise Valley   *    Phoenix   *   Under $1Million   *   Luxury Horse Property

  •  More info on the Ritz Residences can be found here.
  • Paradise Valley Homes currently listed with large Garages (5+) can be seen here

 (Photo taken 2018 from the Rooftop of the Scottsdale Fashion Square Office Towers)

 


Fountain Hills Real Estate Gated Communities & Golf Course Properties

(Published on - 4/11/2018 7:25:23 PM)

Fountain Hills, Arizona is known for its rolling hills providing consistent views throughout the community, world renown golf courses, and a small-town feel. The town is bordered by the McDowell Mountain Regional Park to the North, the Salt River Pima-Maricopa Indian Reservation to the South, the Fort McDowell Indian Community, the Verde River and Tonto National Forest in the East and the McDowell Mountain Range to the West. Fountain Hills and the surrounding area is known for it's championship golf courses. Most notable is the community of FireRock, which is private and offers fabulous real estate opportunities ranging from condominiums to over 8,500 square foot estates.  Nearby Fort McDowell reservation, located on the Beeline, features We-Ko-Pa, with two 18-hole courses and fabulous views.

This same Beeline Highway 87 provides quick access to the East Valley and to the string of Canyon Lakes in Tonto National Forrest. Saguaro Lake offers a full service marina just 18 miles from Fountain Hills, with very little traffic, offering both wet and dry slip storage and a lake-side restaurant. Set in the Sonoran Desert, Saguaro is rimmed with canyon walls and shores lined with majestic Saguaro cactus. Tour-boat trips are available on the Desert Belle (480) 671-0000. Camping, boat access-only camping and great fishing is available. The Park Service installed over 2,200 fish-habitat structures to enhance fishing. According to the Tonto National Forrest web site, fish census show that 12+ lb. bass and 30-lb. Carp exist in the depths; Bluegill comes in a variety of sizes; and Occasional species caught include Walleye, Black Crappie, Small-mouth Bass, Bigmouth Buffalo and Yellow Bass. According to Bass Master Magazine, the best time for trophy bass is October to December & January to mid-April.

The Fountain, in the center of restaurants and weekend activities, shoots up every hour on the hour with claims of being the largest of its kind.

Fountain Hills fountain


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