How will the government shutdown be affecting the Scottsdale real estate market? Not much, if at all, assures the U.S. Department of Housing and Urban Development (HUD). Originally, the agency reported that any loans backed by the Federal Housing Administration (FHA) would not be processed for the duration of the government shutdown. More recently, however, […]
Scottsdale Market Improves, Fewer Homeowners Underwater
The Scottsdale market is continuing on its steady recovery. Across the Phoenix area, a smaller number of homeowners are underwater on their mortgages, and prices of homes are soaring upward. This, of course, includes the prices of Scottsdale homes, which are some of the most popular on the market. Figures from Zillow Inc. show that […]
Scottsdale Mortgage Rates Climb According to Freddie Mac Survey
Scottsdale mortgage rates have recently been kept low to encourage home sales and boost the economy. Now that sales are up, household debt is down and the real estate market is gaining speed every day, we are beginning to see a continued increase in the average mortgage rates. Though the rise is small, Scottsdale mortgage […]
How Appraisals Can Make or Break a Deal
For many unsuspecting home buyers in Scottsdale, the appraisal process is the most common difficulty that arises with financing a property. Appraisers are required to provide greater analysis and justification for the value they arrive at. Also, banks will often require second or third appraisals at the last minute. The reason for these precautions is […]
How Big of a Down Payment Do I Need?
If you are considering buying a home with financing, your first question may be regarding the size of the downpayment. We are commonly asked about down payment requirements. Each lender is, of course, different and has different requirements. It is always best to get your information directly from your bank or lender about their particular […]
Voted in the Top 3 Real Estate Agents in Arizona by the readers of Ranking Arizona Magazine, 2015-2020. Her background as an Attorney gives her special expertise with contracts and negotiations. Carmen has a proven track record of success with buyers and sellers in Scottsdale.
