We are always looking for new ways to add value to your buying decisions.
Our blog pulls information that you might find helpful while making your choice to buy or sell Real Estate in Lake Havasu City or often where you live.
We share Lake Havasu Information but also we want you to stay up to date in our places you may own property.
Protect your investments and know the market.
We are ready when you are. See All Homes for sale.
Over the last few years, many sellers have been hesitant to put their houses on the market because they feared not being able to find another home to buy.
As the percentage of homes listed continues an upward path prices stabilize and home value slows. As you can see inventory is growing.
What a difference we’ve seen over the course of this year! If you’re thinking of selling, now is the time as inventory is on the rise.
In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website:
“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”
Freddie Mac describes the ‘4 Cs’ that help determine the amount you will be qualified to borrow:
Capacity: Your current and future ability to make your payments
Capital or cash reserves: The money, savings, and investments you have that can be sold quickly for cash
Collateral: The home, or type of home, that you would like to purchase
Credit: Your history of paying bills and other debts on time
Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and it often helps speed up the process once your offer has been accepted.
Many potential homebuyers overestimate the down payment and credit scores necessary to qualify for a mortgage. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so today.
The golf courses in Lake Havasu City are top of the line. Surrounded by sun painted rock formations or the shimmering waters of Lake Havasu and the Colorado River oh what views you will have.
Lake Havasu Cities first golf course opened in 1967 with the first 9 holes. 2 courses both the East Course and the West Course offer wonderful Lake Views from many of the holes. 36 holes with fantastic views of Lake Havasu. This golf course offers are restaurant and patio with some of the best views in Lake Havasu City. This course if designed for all golfers and all levels. It also includes a putting and chipping green as well as a driving range. Private and group lessons are available.
This stunning green course is private however you may play this golf course without a full membership with a popular program "Member for the day" which allows you access to all this course has to offer. The views are amazing and showcase Lake Havasu. You will use all clubs in your bag on this par 72 6704 yard course. Private lessons are available.
This one is located at the London Bridge Resort and is a 9 hole amazing course that is spread out over 1769 yards. Another one with great views of Lake Havasu and The London Bridge. Considered a premier executive golf course that guarantees a memorable golf experience to all golfers.
Take a short drive to Parker, AZ for this must play golf course. This one is a challenge with several water hazards which are also used as habitats for 2 endangered species, Bonytail Chub and Razorback Sucker. Play through the canyons and enjoy amazing views of the Colorado River and the Mountains. It also includes a lighted driving range. Make sure you get an advanced reservation as this one is a popular challenge to play.
The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other for the same home.
Take advantage of the buyer activity currently in the market.
Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in most of the country, there are not enough homes for sale to satisfy the number of buyers.
Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to move, as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners are granted the freedom to move.
Many homeowners were reluctant to list their home over the last couple of years for fear that they would not find a home to move in to. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you to decide to sell.
Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. Buyers know exactly what they can afford before home shopping. This makes the entire selling process much faster and simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 43 days. (Last numbers available.)
If your next move will be into a premium or luxury home, now is the time to move up! The inventory of homes for sale at these higher price ranges has created a buyer’s market. This means that if you are planning on selling a starter or trade-up home, it will sell quickly, AND you’ll be able to find a premium home to call your own!
According to CoreLogic, prices are projected to appreciate by 4.8% over the next year. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than having the freedom to go on with your life the way you think you should?
Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to start living the life you desire.
That is what is truly important.
I just read an article from Realtor Magazine that was titled Experts: Mexican Tariff Would hurt housing affordability.
I suppose I did not think about it but the tariff proposed by Donald Trump on products imported from Mexico can affect Real Estate, especially in the sale prices of brand new homes and remodels. It could have a trickle down effect on the US real estate market which will push up prices for consumers.
Eleven percent of steel imports come from Mexico according to the international trade administration data. Steel is largely used in commercial and residential construction as well as home renovations. Additionally the tariff will raise the cost of cement to the US, CNBS reports. Cement is the fifth largest supplier of cement to the US. Hummm I thought cement came from the desert and those large piles we see in the plant. I did not know it was an import.
Any increase in cost will hit builders and jack up home prices.
Prices are increasing at a slower pace (3.7%) than they were over the last eight years (6-7%) They are still above historical norms but the low supply and high demand pushed prices to rise rapidly in the past.
In the mind of the homeowner however 6% has become the new normal so the homeowner expectations may not always line up with a bank appraisal.
Every month, the Home Price Perception Index measures the difference the owner believes their house is worth when they are seeking to refinance and what an appraiser's evaluation of that home is.
Over the last five months the gap has widened.
When the appraisal gap widens another trend emerges.
The share of homes that had a price reduction while listed according to Realtor.com increased by 2% over last year.
In today's market you need an expert agent who can help you price your house right from the beginning Let's get together and talk if you are thinking of selling.
THE FIRST THING TO NOTICE IS PARKING WITH A 3 CAR DRIVE THROUGH BOAT DEEP GARAGE AND 15 FT CONCRETE SIDE PARKING WITH HOOK UPS. This is likely the cleanest and most well kept house you will find in category. Lovely front lake views to greet you in this nice neighborhood or take the morning coffee to the front and enjoy the view! Popular open floor plan for easy entertaining and that allows the guests to be part of the conversation . There are 2 owners suites on opposite sides of the house to allow plenty to privacy. Each of the suites has its own private bathroom. One has a walk in shower only and one has a shower, tub combination. Maintenance free landscape and block and iron gated backyard is perfect for the pets.
|View the Tour|