Scottsdale and Paradise Valley Real Estate 

Please see our sister site Arcadiahomes-forsale.com for dozens of buyer and seller tips . Click here for link.

March 21, 2020

Home prices vs. Corona Virus - Affect and Outcome

 

Home prices vs. Corona Virus - Affect and Outcome

Coronavirus Real Estate News - Phoenix - Scottsdale - Paradise Valley

 

Should you buy a home?

Many of you are probably wondering if it’s a good time to buy a home during the COVID-19 pandemic.

It’s always good to proceed with a home purchase with care and research. However, provided your financial situation is stable, then yes.  If you have been looking for a home, an intelligent purchase, negotiated UNDER the current market pricing should still be on your list. The market will bounce back and in the meantime, you will have a beautiful home, value purchased, to quarantine in.  The report following is simply to provide direct, honest, informed information for purchases during the current economic situation.

I would recommend NOT buying a house: 

1. If you are not comfortable with your personal economic outlook.  

2. Emotionally not comfortable buying.

3. The home seller is holding on to pre-coronavirus/stock market crash pricing. And many home sellers will try.    

If you’re wondering where home prices will go over the next 12 to 18 months, let’s look at the Phoenix, Scottsdale Real Estate market today. A quick look will show, among all price ranges, one in six new listings is a home that is “back on market “due to buyers canceling the purchase contract.  In the price range between $1,000,000 and $3,000,000, there were recently 22 purchase cancellations.

So where are prices and demand headed? “According to a flash survey by the National Association of Realtors” conducted in early March 2020, 78% said, “Buyer interest was not changed.”  More recently, as a Senior Realtor at one of the most highly regarded Real Estate Brokers in the U.S., My research shows, #1. 20 out of 20 Realtors I surveyed have seen buyers either cancel a contract, stop looking or put their home search on hold. 2. Showings of homes according to the MLS Service, "ShowingTime" are down an average of 52%. #3 The same survey suggested sellers were not concerned and were holding onto prices. What does this mean for the near term residential real estate market?

Simply put, based on simple economics, demand and steady demand creates price increases. Lack of demand (overtime) causes prices to drop.  Economists have noted housing demand dropped 35% by March 21, 2020.
Apply that to home pricing and we will be seeing reflective price drops over time.

Look for very small changes in the early stages of the business closure/recession with more significant monthly drops if the closures and recession continue. AGAIN, IF (A BIG "IF") the business closures and quarantine continue or maintain at the current level, the question is if that number is expected to grow? The answer is "yes." However, this could all change with swift action and a more comprehensive remedy. IF we are all back to work in the next 30 days the market will bounce back quickly.

However... currently, homebuyers across the U.S are losing their jobs, businesses are closing and a number of those will go out of business. Homeowners losing their jobs could be risking foreclosure, thus increasing the supply of homes; combine that with low demand, a slow seller response to pricing pressure and that is a recipe for a significant slow down for home sales. According to a recent article, Banks are already gearing up for loan modifications and tightening lending guidelines to a very significant degree. The very guidelines that have assisted in the most recent boom housing market. See link here for more details . https://www.housingwire.com/articles/mortgage-lenders-are-tightening-standards-as-coronavirus-crisis-worsens/

Between 2007 through 2012 loan modifications and payment deferrals helped homeowners…but did not prevent the landslide of foreclosures sales.  This is a snippet of that article. “ Mortgage modification programs-  Several large financial institutions are projecting that the economy will fall into recession. Coronavirus-related layoffs have already hit businesses throughout the U.S. When someone gets laid off, they lose their principal way of paying their mortgage and can easily start to miss payments”.

However, even with the banks, strengthening loan guidelines, preparing for loan modifications and foreclosures,  some journalists and Real estate marketing outlets are suggesting a return to business as usual by the end of the year. My working experience from the last epic drop is  “It will take time”  (again IF the current business closures continue)  Take a look at this link below with a timeline of the spread C19, with the first noteworthy events in China beginning in December of 2019. 

https://www.nytimes.com/article/coronavirus-timeline.html

 

The reality is; Economist, Myself as a Realtor and Market Analyst cannot predict the future of the real estate market due to the many variables involved - but it is, none the less a mathematical equation. The longer the virus hampers are the ability to safely interact, the lower demand for homes will be.  Prices will slowly reflect the change in demand. Homesellers in 08 were slow to respond to pricing pressure no doubt this period will be no different.. so how low prices go will be entirely determined by the length of time the economic woes continue - noting, Home-buyers that bought in early 08, as prices were still coming down, lost thousands in equity almost daily as prices continued to drop. Link here is an article from CNN money in 2008.  Although circumstances are different,  many of the same economic components are in play. So what should you expect to see is-  small percentage price drops/losses every month as this pandemic and recession continue. If you buy now at current pricing and the pandemic and recession last just 6 months expect a  6% to 12% loss in that period.  Link to 2008 article   https://money.cnn.com/2008/12/30/real_estate/October_Case_Shiller/index.htm.  Is this all bad news??... NOT if you are a buyer. You now have honest/accurate information from an educated source and you can negotiate accordingly.

I want to be positive,but you are better served with realistic -honest information. To think,  'when lockdowns are eased, the market will bounce right back'.. is unfortunately not realistic, home buyers will have incurred additional debt, saving depleted, credit scores will drop - or be down, bank lending guidelines have already been tightened
in last 5 days.
.. and for at least a few additional months, even for those select few who did not suffer substantially economically, caution will be exercised.  Provided no new additional market/health events take place and there are no new measures in place slowing the economy .. my near term projection, based on going though two previous market collapses ... and current research is, 'it will be 12 to 18 months before the market fully recovers" IF these shutdowns and closures go beyond 60 days…and longer if the closures and containment of the virus falter...

Should you buy a home in the meantime…?

Again. Absolutely yes !! …in spite of the cautionary news above. HOWEVER…as I mentioned earlier,  1. Not if you are not comfortable with your personal economic outlook  2. Emotionally not comfortable buying.... or 3. The home seller is holding on to pre-corona virus/stock market crash pricing. And many home sellers will try to… and for them,….‘I have seen the future’… I saw in 2007 when many sellers stubbornly called good offers, “insulting”  only to call months later with “hat in hand’ to apologize and kindly ask for an offer $200,000 less! .. than the offer they dismissed just months before. So yes to intelligent purchases. The market will bounce back and in the meantime, you will have a beautiful home to quarantine in.

Call me and we can discuss the market and what numbers are currently reasonable when considering purchasing a home in this market.

 

Michael Chaisson, Realtor

480.450.4632
Russ Lyon Sotheby's International Realty

Premier Client Services
Ranked Top 1% Nationally
Circle of 26 Excellence Award Recipient

Feb. 26, 2020

Home Prices First Part of 2020-Phoenix

Interested in homes prices in the Phoenix - Scottsdale area for the first quarter of 2020 -

Below is a graph of where home prices start the year in comparison to 2019- Based on 'price per square foot'  home sale prices" across the Phoenix Metro area including Scottsdale and Paradise Valley have increased yet again.See Chart below. Feb. 2019 to Feb 2020- Homes prices in Scottsdale continue to rise.
SEE UPDATES MONTHLY OR CALL FOR LATEST STATS AND DATA I am available at 480-450-4632 - Michael Chaisson -Realtor - Leading Realtor for Paradise Valley and Scottsdale

 

 

If Scottsdale, Paradise Valley or Phoenix is your preferred home buying destinations... The most important person you can have in your corner is an honest, experienced and professional Realtor. There truly is a DIFFERENCE in real estate professionals. My 5 star reviews, numerous awards, and #1 Client
ratings speak volumes. Please call me direct at 480-450-4632 to discuss your home buying goals.

 

Michael Chaisson, Realtor
480.450.4632
Russ Lyon Sotheby's International Realty
Premier Client Services
Ranked Top 1% Nationally
Circle of 26 Excellence Award Recipient

Feb. 26, 2020

2020 - The future of the Housing market in near future

What’s going to happen to our housing market in the near future? 

Recently, a leading firm surveyed 100 of the top economist in the country to answer that very question and if you’re a home-buyer, you’ll like what you’re about to hear. 

Of the 100 surveyed, only nine thought the housing market would retract in the next two years, and they predicted that the rate of that regression would only be between 7% and 9%. The rest predicted that the market would continue to appreciate—not just through 2020, but throughout the next five years. In fact, some think that home prices will increase by 47% in that time.

If you combine this study with the fact that we’re seeing 18- and 24-month lows in interest rates, it means that homes are more affordable now than they were in 2017. In addition, I work with some of the Best Lenders with the lowest rates; 99% of the time, lower than any rate my clients have been able to find.

This is great news for you,  if you are looking on the Sotheby's International Realty Scottsdale-homesforsale.com or ParadiseValleyhomes-forsale.com to find a home for purchase. If you buy now, you can lock in the best interest rate and get the home of your dreams. Our VIP clients never settle; our goal is always to secure you the very best home in your price range.

If you have any adjustment request to your search or you have any other real estate questions, don’t hesitate to reach out to me today. My team and I love to help.

5 star rated- Voted #1 By Client Reviews and awarded many honors by Sotheby's International Realty and Berkshire Hathaway - including the “Circle of 26 Excellence Honor” 

 

Michael Chaisson, Realtor

My Team's Sotheby's International Realty Web sites are: 

www.Scottsdale-HomesForSale.com

&

www.ParadiseValleyHomes-ForSale.com

480.450.4632

RL Sotheby's International Realty

Premier Client Services

Ranked Top 1% Nationally

Rated #1 by Client Reviews since 2005                                                                                

Circle of 26 Excellence Award Recipient

 

Nov. 26, 2019

7 Tips to Finding a Great Home - Scottsdale

Over the last 20 years negotiating purchases of some of the most beautiful homes in the world I have learned a number of invaluable tips that I will share with you. These tips will help you find not only the best home for you and your family but best long term investment.
1. When relocating - Before you start with the tips below.. Guide Tip #1 Explore and explore some more..
Often time homebuyers relocating from a new city will call a Realtor and because that Realtor lives in... or likes a certain area they will suggest and promote that area. I have met many home buyers dismayed after buying in the Realtors preferred city or community;  they discover a new area they love that unfortunately was never introduced to them . I always offer my clients tours of various cities and communities. The more you know, the better your home buying experience.
Once you discover the city that feels good to you.  You can start with the search tips below.. but like finding "love" sometimes you will find perfect home outside the tips as outlined.
1. Whether you have a luxury budget or first time home buyer budget. Guide tip #1 Find the best, most expensive community, then neighborhood within the community you can afford comfortably.  Or if you are younger or older with an adventurous spirit who enjoys seeing change and growth and the "vibe of trending areas", look for areas having significant signs of transformation with large influxes of capital. Otherwise, Rule #1 Best Area, then the best street in the best area, then the best house !!  All Three !
2. Familiarize yourself with the areas of interest once you've narrowed it down. When start your search, See as many homes as you can view that are even close to your goals.  Even homes that are not a match will help you determine and secure the best home.
3. Home shopping can be like any other shopping.. For example,  I wanted to buy a new Black BMW... As basic as that sounds, it took 4 months to get the exact one I wanted... and I called every dealer in California and Arizona.  Point being, You may look at every new listing that comes on the market and it may take months or even a year to find the perfect one especially if you are looking between 1.5 and 10 million.
Never settle.. if you are not "excited" it's not the one.
4. BEST KEPT SECRET . One of the very best and least used tools for finding the very best home for sale... and an "Exclusive Service"  I offer every client is to search "Exclusive Off Market Homes " . These are the "best of the best homes" that may never reach market before selling. Your perfect home may ... or may not be in this shadow inventory...but search here too!  You never know where your jewel home will show up. Call me at 480-450-4632 and let me send you my EXCLUSIVES/Off Market Homes.
5.  SEARCH site tip.. My clients sometimes look at dozens of sites looking for homes. ALL listed homes on ALL sites come from one source The MLS.  My site is a direct feed from the Realtors MLS . You have the access to every home listed within a hundred of miles of Phoenix. Are all sites the same ? No... for example some of the national sites ..they have filters that actually prevent listings from showing up.  It is not uncommon for Phoenix and Scottsdale home listings NOT to show up on the national web sites. However, Scottsdale-Homesforsale.com  and  ParadiseValleyHomes-forsale.com are exclusive, direct Realtor feeds and have no filters and every listing from every real estate broker in the State of Arizona is on the Scottsdale-Homesforsale.com site. 
6. How about " Homes for sale by owner " or "Make me an offer- homes for sale" or Craigslist homes for sale?  These are ALL additional viable searches; It does not hurt to search all of these, However BEWARE,
Often times you will be dealing directly with the seller and his idea of a fair price or the "sellers agent" .. The person hired to make sure the seller wins. One of the many details home buyers do not place enough emphasis on, is, What is the 'for sale by owners' home really worth??? For Example... I just got off the phone with a home seller who is going to be putting his on the market as a "for sale by owner" in 2 months.. he was 100% cocky and confident his home was worth 2.2 million, when the actual "True Market Value" is about 1.9 million. So without an honest real estate agent representing you..will you know this??? Or another big item, the home inspection.. Only the very best , most experienced Realtors are qualified to guide you through that process. and there dozens more contractual items to contend with . Always have an experienced 100% honest Real Estate Agent. My number is 480-450-4632
7. Tip  # 7 ..How to acquire the very best NEW construction homes for sale. For access to all the new construction homes available in Phoenix - Scottsdale and Paradise Valley. Please call me . I could write a book on this home search tip alone. I will be happy to discuss all the options and available inventory with you.

My real estate goal is to be of service to you. I say it often but it cannot be said enough, "in real estate, there is a difference in Real Estate Professionals." For more tips on a 'best home buy" Call me now at 480.450.4632.

Realtor -Specializing in Scottsdale, Phoenix, Arcadia and Paradise Valley, Arizona

Michael Chaisson - Realtor
480.450.4632

Russ Lyon Sotheby's International Realty
Premier Client Services
Ranked Top 1% Nationally
Circle of 26 Excellence Award Recipient

Posted in Home Buying Tips
Nov. 23, 2019

Utilities - Resources Scottdale - Paradise Valley

My real estate teams goal is, always to assist you in any way we can. If you are relocating to the Scottsdale, Paradise Valley or Phoenix area or simply moving within these cities, my goal is to give you the best most honest real estate services in Arizona. My reviews and awards are proof of my commitment to you.

Michael Chaisson - Realtor - 480-450-4632

 

 

Scottsdale and Paradise Valley Utilities and Resources

 

SCOTTSDALE

Water - Scottsdale 

https://www.scottsdaleaz.gov/water 

Electric (APS) 1 (800) 240-2014

https://www.aps.com/en/residential/home

Gas (SW Gas) 877-860-6020

https://myaccount.swgas.com/start

Cable - Scottsdale- Phoenix- Paradise Valley

https://www.cabletv.com/az/scottsdale?kbid=110255&gclid=CjwKCAiAzuPuBRAIEiwAkkmOSLLo7vGS72xV6AFejYHeQ1NHF1UIfWZcE7GQAz0MHhvtbSoNRqNulBoCvHYQAvD_BwE

 

Amazon Tech Support for Prime TV - Firestick

888-280-3321

 

 

Scottsdale Police NON Emergency

City of Scottsdale - Police Department

8401 E. Indian School Road

Scottsdale, AZ 85251 

EMERGENCY: DIAL 9-1-1 

General Police number/file a report: 480-312-5000

TDD - 480-312-5419

Lost and Unclaimed Items -Scottsdale 

https://www.scottsdaleaz.gov/Assets/ScottsdaleAZ/Public+Notices/police-property.pdf

Link To crime Stats

 

Scottsdale -Residential Trash Container Repair

480-312-3111 

Scottsdale City Web site

https://www.scottsdaleaz.gov/





Scottsdale Unified School District Link

https://www.susd.org/index.php/about

 

Arcadia High school - Articles on Scottsdale Schools

https://www.usnews.com/education/best-high-schools/arizona/districts/scottsdale-unified-district/arcadia-high-school-1081

 

PROPERTY TAX INFORMATION

Tax assessment - Property Taxes- Maricopa County Assessor

 https://mcassessor.maricopa.gov/

 

 

 

PARADISE VALLEY UTILITIES AND RESOURCES

Paradise Valley Web site 

https://www.paradisevalleyaz.gov/

 

Paradise Valley Police Web Site 

https://paradisevalleyaz.gov/125/Police

 

Paradise Valley Stats Site

http://www.city-data.com/city/Paradise-Valley-Arizona.html

 

Paradise Valley Water Services

(There are three providers depending on location of home)

Berneil Water Company

General Number: 480-947-5044

24 Hour Emergency Number: 480-947-5044

 

City of Phoenix Water Services

General Number: 602-262-6251

24 Hour Emergency: 602-261-8000

 

EPCOR Water Company

General Number: 602-759-5972

24 Hour Emergency: 800-383-0834



LIST OF OVER 200 FUN THINGS TO DO IN SCOTTSDALE- PHOENIX AND PARADISE VALLEY . EVERYTHING IS ON HERE !

https://www.scottsdale-homesforsale.com/blog/101_things_to_do_phoenix/

Nov. 20, 2019

Home Value - Remodeled versus Un-Remodeled

 

Looking for a remodeled home for sale in Paradise Valley or Scottsdale.. and wondering how much value is added to a remodeled home versus a non remodeled home?  The values are vastly different and there is almost no comparison in pricing. I recently educated another real estate agent on this;  as she had submitted a number of 'comps' for a newly remodeled home. In this instance, collectively we were providing information to a home seller, in order to help him determine his homes value. The comparable sales she provided to help were,   similar size and age homes... and in very very close proximity to the subject property but were not remodeled. I had shared with her sales of homes that were close... but not as close and some homes that were further away but in "equally valuable areas of Paradise Valley"  and were remodeled .

Two key facts are important in determining a luxury homes value.

1. A comparable luxury home need NOT be in a very close proximity to the subject property; Because, value is determined ultimately by what a "similar luxury buyer may perceive as value in a similar area". Meaning as long as data and perception of another areas value are equal in to the subject area, AND the home is of equal finish, size and design, of the home from another area, the home may be used as a comparable. Again, however the area MUST have the same value as in the subject area.

2. Remodeled homes, even as close as the home next door is not a comparable if one home is updated and remodeled ...and the other home for sale is not updated and remodeled.

Unfortunately there is so much mis -information relayed by poorly educated real estate agents and well intentioned but poorly educated consumers, that it is costing home buyers and home sellers BILLIONS every year. On a smaller scale, most home buyers and sellers lose between a minimum of $50,000 to over a million dollars per transaction in Paradise Valley and Scottsdale Real Estate; due to poor representation,  poorly relayed and/or inaccurate information.

To illustrate my point I sent the real estate agent with many years experience, two homes built same year, in same gated community within three hundred yards of each-other. 

Let's take a look at the two sales I sent her to illustrate how different the pricing was; The value adjustements would have been great to use as a "comp sale" , again both these homes were nearly identical in size, age and location yet one was remodeled.  - See The homes below -

I hope this article helps you understand our market better... How about this question... Ever wonder how much difference a floorplan can add or subtract to a homes value??? Call me if curious 480-450-4632

 BTW... The subject home sold for within $30,000 of the value I attributed.. There is no exact science; this is incredibly true now with so, so many home buyers OVER-paying for homes right now in both Scottsdale and Paradise Valley, these home buyers will sadly only find out how much they over-paid when it comes time to sell.

 

The first home shown was beautiful and sold for $341.00 per square foot.

The home below was remodeled and sold for the equivalent of $495.00 per square foot- Approximately $700,000 in value separated the two.

Sept. 22, 2019

Scottsdale Luxury Home Prices VS. Other US Cities

Scottsdale Luxury Home Prices VS. Other US Cities.

 

If you have wondered how real estate markets across the US are doing in comparison to home prices in Scottsdale and Paradise Valley; you will find the following graphs quite interesting .

To review homes prices, real estate trends, luxury design; please feel free to call me seven days a week from 8am to 8pm. It is my pleasure to be of service and your resource for luxury real estate services in Scottsdale and Paradise Valley.

 

Luxury Real Estate Market Trends in the News Today - In Brief.

The trend continues and the age of luxury home buyer is trending down with a more pronounced emphasis on quality and visual appeal of finishes VS. size of home. Trending also in the luxury market is more homes in jewel locations vs. larger homes in fewer locations.  Like a fine meal.. the luxury home buyer prefers a smaller plate of perfection vs. a buffet.

Michael Chaisson, Realtor

480.450.4632
Russ Lyon Sotheby's International Realty
Premier Client Services
Ranked Top 1% Nationally
Circle of 26 Excellence Award Recipient

 

Sept. 3, 2019

HOMEBUYER- Your Goals are MOST Important

YOU are the Most Important Person When Buying a Home

 

I say. " you’re the most important person" because service to you should be paramount..and the Number #1 person to insure your success is your Realtor.

 You cannot overestimate this individual’s importance.... and it would be ill advised, to wait until the last minute to find a great Realtor. This is not a professional you should identify at the last minute in the home search process but one you should team up with very early on.

 

The real estate professional you choose will be a critical advisor, negotiator and consultant throughout your purchase or sale of your home. Since you’re making a financial investment, the experience and talent your Realtor have or lacks is as important as hiring an experienced & talented heart surgeon to save your life!

 

If your previous Realtor did not show you their value, hire better.

 

Here are the key aspects of why a GREAT Realtor is essential to counsel you during the home buying process. In other words - What a good Realtor duties are.

 

Pre- Purchase & Search (Not listed in order of Importance)

 

1.     A good Realtor will be an excellent advisor providing several options that’ll allow you to move into your new dream home with relatively minor expense prior to selling your old home. (This should this be your goal.)

 

2.     A good Realtor will provide strategies and act as a timing consultant as you prepare for your relocation/move.

 

3.     A good Realtor can preview and provide assessments on homes before you view a home, providing you an excellent early insight to areas, pricing and housing inventory. However, even more importantly, the experienced Realtor with integrity will advise you, if the home you are interested in, is the best you can find within your budget OR if it is simply the best home available at the moment.

 

4.     A good Realtor can be a key advisor to discuss moving logistics. No matter how many times you’ve moved an experienced Realtor has experience with various scenarios involved in hundreds of moves.

 

5.     You’ll have real-time Real Estate market information. A good Realtor will have market stats and data before any newspapers, TV stations or economic journals. A good Realtor sees where the market is trending months before the general public reads about it. If you have a professional Realtor representing you, you can request that you be notified of early market situations that may affect you.

 

6.     Street by street value assessment. Even before buying a home, during the home search process, an experienced Realtor can provide you ‘value’ information on communities in detail.  For example, every community has streets and sections with a higher value or lesser value. An experienced Realtor will be able to share details you would not otherwise know. This is invaluable when it comes to resale. Buying can be like a marriage. The wedding may be fun, much like buying a home should be... However, a divorce, like selling a home- you overpaid for, can be one of the most painful experiences of your life. Buy right!

 

7.     A good Realtor will have assessed your home buying/selling/moving situation numerous times and can share insight and advise on previous scenarios to benefit you.

 

8.     During the home search, a professional Realtor will arrange all viewings with you and schedule the showings at a convenient time for you, coordinating multiple showings with multiple agents. This eliminates a lot of coordination stress off of you.

 

9.     An experienced, honest Real Estate Agent will be able to analyze and evaluate the details of each home that increases or decreases resale and the current value of a home. This is more than noticing obvious upgrades but small details that impact not just the price you should pay for the home but what your ROI will be when you sell. I often will use the words "honest and experienced” when referring to an ideal Realtor because I have seen homebuyers try to resell their home ONLY a year after purchase in a stable market and lose hundreds of thousands of dollars because they substantially overpaid when they purchased. Think it can't happen to you???  The buyers who are over-paying are some of the smartest people in the world.  However, given a field outside their expertise, errors happen. Hire smart and I’m NOT talking about the real estate agent you like, that may be or feel like,  a ‘buddy,” friend or family member with a real estate license who would really love the commission from a sale.

 

10.  As noted above, a great Realtor will be able to evaluate and completely share with you over twenty-five significant factors that affect the value of the home you are considering buying. Each of these significant factors can impact the home’s value between 3% and 25%.  Do you think an agent who received a license a year ago can competently do this? Do you think an agent who received their license 3 or 5 years’ ago can do this with great competency? My observation is that 15 or more years of experience is required to learn the ins and outs of what issues, items and details increase or decrease the value of a home and to what degree.

 

11.  An experienced, honest Realtor will not rush you and work with you in a patient, thoughtful manner to ensure you get not just a home but the VERY best home within your given price range. This means using their years of experience to point out deficiencies in comparison to better homes they have seen but may not yet be on the market. This is how it works: a professional Rolls Royce dealer may have seen hundreds of Rolls Royces. So if you are looking for a particular model and year you may find one that you feel, “looks worthy of purchase.” But the dealer, with years of experience in this model, may suggest waiting, knowing it is very likely that the one you like ‘seems like a ten’, based on all that you’ve seen, but based on his/her knowledge, knows a better version will likely come up in the next three to six months.

 

12.  An honest, experienced Realtor will have an 80% better chance of being able to get you a mortgage rate LOWER than what you would find and even a better rate than your bank. I just had a very savvy financial home buyer search and search for the lowest loan rate. After looking for a week and telling me, ‘Don’t worry, I’ll find the best rate’ the lender, I suggested, in the beginning beat all of his competition and saved him $400.00 per month. In that one act, my experience and resources saved my client over $45,000.  Does having a great Realtor make a difference?? Absolutely! My experience, talent, character and honesty save most of my clients hundreds or tens of thousands of dollars. So when I meet people who suggest they can do it themselves or hire a friend or a family member or went to a discount broker because they saved $5,000, I just wish they only knew.

 

13.  One of the most critical parts of the home buying process are home inspections. These inspections are meant to include the home, the land the home rests on, the neighborhood, the surrounding community and the street. A good Realtor will assist you in these inspections, helping you find the talent resources to inspect every item that may potentially be a concern and suggesting many items to inspect you may not have even considered. This is another substantial asset of a good Realtor. The importance of the home inspections, the value of and the importance of the negotiations following the inspections cannot be overstated.

 

14.  A good Realtor will review all of the detailed home inspections notes with you, answer questions as they relate to items that are typically repaired and those lessor repair items that may or may not be a typical repair item but you as a buyer can ask the seller for.

 

15.  The Best Scottsdale/Phoenix Realtor will always support any and all of your repair requests. And of utmost importance will negotiate the highest amount of credits, repairs or a reduction in sale price based on his/her years of experience. Can this be done by an agent with only a few years experience ..with a great degree of competency? Will this be done at all with a discount broker? Repairs on most homes and items to be addressed typically equal thousands of dollars and in many cases can reach over $50,000. Is this something you feel needs experienced guidance? I am pretty sure you are nodding your head yes. I have seen homebuyers loose over $30,000.00 dollars due to inadequate representation. I have no doubt this is a low number in relation to all the transactions completed every day.

 

16.  While in the inspection, the transaction as a live process continues. Other legal documents are being reviewed and negotiated between the buyer and seller. This may include addendums to the original purchase contract, review and discussion of seller’s property disclosure statement and HOA documents. A good Realtor is available to review all of these documents with you.

 

17.  In addition to all of the other activities during the inspection period,” title research” has begun. Your excellent agent has also made sure to suggest an excellent title/escrow company that will not only protect your escrow/purchase deposit, but ensure all liens on property are disclosed. Please make sure to review the Schedule B and amended items to schedule B.

 

18.  In addition to inspections in the first 10 days after contract acceptance, the escrow company will send you a full set of CCR’s. Your excellent agent will be available to review all of these documents with you and address any concerns. Again having an experienced consultant/Realtor is a valuable asset.

 

19.  After inspections and the final agreement to the repairs and/or credits between the buyer and seller, your agent will follow up with the sellers’ agent to help ensure repairs are completed meaning as exactly as requested with regard to quality. Often times the seller’s agent may attempt a variation of how you requested the repair to be done or they may try to change the manner in which the repair was requested. Again, your excellent agent will work to ensure work is done, as requested, and if he/she has not advised you of the actions available to address the issue(s). No matter how excellent your Realtor is, Realtors cannot prevent the sellers or buyers from ignoring an aspect of the contract, but rest assured, with an experienced, professional Realtor, you will have professional guidance and remedies should this occur.

 

20.  In addition to checking in on inspections, your agent is also checking in with the lender (unless cash) making sure the loan process is moving forward as scheduled. I’ve heard horror stories of moving trucks parked out in front of homes with buyers unable to move in because their loan did not close on time due to lack of follow up and/or a poor lender. Can you imagine your family’s frustration? Think it can’t happen to you??

 

21.  Prior to closing, your excellent agent will schedule one, two or three walk-throughs of the home to make sure it has not incurred damage when the previous owners moved out along, finalize a check of agreed upon repairs and verify if any and all of the items that were to be left in the home are still there. Experience matters. If your agent schedules the ‘walk through’ too early or too late you could end up with serious liability issues.

 

22.  A Settlement Statement Review is an itemization of closing costs and associated fees to close the sale of the home.  Credits and debits to both the buyer and seller are on here and must be carefully reviewed to ensure all items, as agreed upon, are properly applied. Your excellent agent can advise you on proper review on this most important document.

 

23.  Signing. At last, after all of the negotiations, inspections, addendums, LSU’s, title work, escrow reviews, follow-ups and ten other closing efforts, the signing of the final closing docs takes place, and yes, there is one more review as each item must be carefully checked. After the fine print, this is the time for hugs all around for finding and closing on a truly beautiful home!!

 

 

24.  I speak often on the subject above because with the heart I have to see the issues I have seen with truly fine people. I am passionate about helping as many people as I can find good homes with excellent representation ... hopefully I will be able to be of service to you

 

 5 star rated - Voted #1 By Client Reviews and awarded many honors by Sotheby's International Realty and Berkshire Hathaway.

Michael Chaisson, Realtor
480.450.4632
RL Sotheby's International Realty
Premier Client Services
Ranked Top 1% Nationally
Circle of 26 Excellence Award Recipient

 

 

 

 

Posted in Home Buying Tips
Aug. 8, 2019

Moving to Phoenix Or Scottsdale ?

 

 

Phoenix, Scottsdale and Paradise Valley are some of the most beautiful, welcoming cities in the world. Each city in the Phoenix area has its own style, charm and character, and all are great places to start, the next great next chapter in your life; you get to choose the charm and lifestyle you want.  Just the facts… Phoenix, is the largest city in Arizona; comprised of many smaller cities and suburbs. It is also the state’s capital and one of the beautiful and fun cities in Arizona. When I moved here from California. I was worried that I was trading one big city for another but one of the things to love about Phoenix and Scottsdale are there are pockets of little communities that can feel like a small town or you can move to an area in the center of everything and get a New York city feeling  Whatever you are looking for; the Phoenix- Scottsdale – Paradise Valley area has it from opulent luxury estate communities to ultra-modern lofts near art galleries and chic coffee houses.

A Few Relocation Stats and Facts

As of 2016, with 517 square miles, Phoenix was home to over 4.5 million people. The metropolitan area continues to grow as more families relocate to Phoenix and Scottsdale.
It’s also home to an international community
with some of the most talented and successful people from around the world drawn to the Phoenix - Scottsdale area.

 

Why Move to Phoenix?

The eight primary reasons people move to Phoenix and Scottsdale are wages, weekends, nice people, terrific job opportunities, low taxes, affordable housing, a great transportation system, great schools and warm weather! Studies show, Sunshine and beautiful weather elevate a person’s good mood… so prepare to smile…. nine months out of the year, Phoenix & Scottsdale residents enjoy pleasant, spring-like temperatures. 

While situated in the desert, Phoenix has lush greenery and beautiful tree-lined streets and parks. Canals bring water from the Colorado River 200 miles away. In addition, runoff water provided by rain and snow in the northern mountain range of Arizona are accessible and make a warm but green oasis.

As a result, landscaping for parks, golf courses, homes and boulevards often include palm, olive, pine and citrus trees. The scent of orange blossoms fills the air in March and April. Roses, poppies and hundreds of other flowers bloom almost all year.

Thinking of relocating to Scottsdale or Phoenix you are not alone. It’s one of the most highly desired locations in the U.S;  it is consistently ranked in the “Top Ten for Most Beautiful Cities, Most Business Friendly, Best Cities to Live In and most recently Scottsdale was ranked,
one of the ‘Ten Happiest Cities in the US.”   

 

If you are a little older and considering relocating to Phoenix or Scottsdale, It may be reassuring to note, Scottsdale and Phoenix have a reputation as a popular retirement destination. A vibrant retirement community scene continues to grow here. Arizona has about one million residents at least 55 years with a combined economic impact of about $16.8 billion. And no one is sitting in rocky chairs, so you may be rocking …but it won’t be in a chair unless you’ve had a long night… everyone here is active and enjoying themselves.

Those who relocate to Phoenix are often found outdoors, enjoying the city’s natural beauty, including parks, more than 1,000 tennis courts and more than 150 golf courses. You’ll also find plenty of municipal parks, hiking trails, bicycling routes, running paths, and equestrian trails, activity clubs, social groups and of course some of the most beautiful outdoor patio dining in the world. Yummy !

Finding That Dream Home.. Relocating – should you rent or buy or is Scottsdale /Phoenix really for you?

With the constant influx of newcomers to Scottsdale/ Phoenix area.  One of the two big questions you may have is #1. Which area is best area for me and/or me and my family #2. Should I rent or buy a home first? #3 Is beautiful Scottsdale/Phoenix even the best place for me. Those are all important questions, with so many factors involved, personal to you... the best approach is to call me first. All my consultation services are free, and I can share about all the different communities and lifestyle available here.  I am a 20-year experienced Realtor. I base my business on integrity; with my first goal always being, insightful and honest service to you. I can help you can make the important relocation decision of whether to Buy or Rent a home first.  

My name is Michael Chaisson (Realtor) I specialize in helping those relocating to the Phoenix and Scottsdale area. I am 5 star rated- Voted #1 By Client Reviews and awarded many honors by Sotheby's International Realty and Berkshire Hathaway Inc. My clients range from top international celebrities, business executives and doctors to every homebuyer under the sun. One thing, they have in common is, they have all given me 5-star reviews because I have humbly and honorably listened and served each of them, as I will you.

Pre-Moving Tips.

1.      Do you have a home to sell before moving here? Is your home ready for market? If not, consult with a local real estate professional in your area. The goal will be to hire the Realtor that is going to work hardest for you !!… and that may not be the Realtor that has sold the most homes in the area. I will gladly explain, please feel free to call me for tips on How to Find and interview the Best Realtor in your local area and tips on how to get top dollar for your home.

2.      Contact me I will get you started learning about the different communities and cities in Phoenix, Scottsdale or Paradise Valley and start sending you some of the best home options. Either homes for sale or to rent. We can discuss various areas of Phoenix and Scottsdale and what areas might suit your lifestyle goals. I will always make sure you get the very best home at the very best price whether you are looking to buy a home for sale in Scottsdale for between 2.5 to 6 million or for a home for sale in Phoenix for $350,000. If you decide renting is the best option, I will gladly give some great tips and guidance for renting.

3.      Thinking of buying a second home in Scottsdale. I would be happy to help you find the Lowest rates and even, how you can make a sizable income on your second home. If you are Canadian and looking to buy here, we even have great home loan programs for you..

Moving Tips

Once we find your perfect dream home or rental abode, the exciting part is moving. Here are some relocation moving tips to, hopefully, make your life easier.

1.      Schedule your moving truck right away, especially if you’re moving at a peak time of the year. 

2.      Call the utility companies. Nothing is worse than arriving at your new home to find the electricity hasn’t been turned on. Don’t forget about calling the cable or satellite company. 

3.      When it comes to storage, if you’re moving to a smaller home and space is an issue, consider renting a storage unit before the move. AND GREAT Moving tip; Ask yourself, “do you want to move that 6-year-old couch across the country or would it be better off sold or donated?? If it’s been in  a box for 10 years and you haven’t missed it, should you ship it across country so you can not miss it there?? Great tip. Typically, your new home will have a different design, use the money moving and packing old furnishings to buy new here.

4.      Of course, take priceless items such as photos albums and birth certificates with you in the car. For the furnishings etc. you bring, don’t take a chance on movers losing items or damaging them. Photograph everything going into the truck. 

5.      Most of the time, there’s no way to know when the moving truck will arrive so be sure and pack enough belongings to get you by for a week or so.

6.      Use proper packing materials and label boxes by room. It’ll save time so you won’t find yourself opening each box to find out what’s inside.   I have more moving and home buying tips which I will gladly share as we search. It’s a team effort!

FOR MORE TIPS PLEASE CALL ME I AM HERE FOR YOU.

Phoenix or Scottsdale is a great place for a new beginning and great living. I refer to Scottsdale as,

“The Adult Disneyland”….   If you are on the fence about your move to Scottsdale read on.. if you are already half packed… then you already know about the details following.

 

This quality of lifestyle Phoenix and Scottsdale provides is one of the many reasons the cities in and around Phoenix continue to grow. Scottsdale and Phoenix is home to an ever expanding international community with some of the most talented and successful people from around the world.

Here are some of my favorite reasons to relocate to this amazing community.

 

Why Move to Scottsdale or Phoenix?

The five primary reasons people move to Phoenix or Scottsdale are an incomparable lifestyle, higher wages, better weekends, nice people and warm weather. Phoenix’s 300-plus days of sunshine a year attracts businesses searching for a warm, dry climate that will attract top employee talent but won’t interfere with distribution networks, telecommunications systems or administrative operations.

Nine months out of the year, Phoenix & Scottsdale residents enjoy pleasant, spring-like temperatures. The warmer months although warm are not muggy/ humid but a much more pleasant dry heat.

While situated in a weather zone 12, Phoenix has lush greenery and beautiful tree-lined streets and parks. Canals bring water from the Colorado River. Also, the reserves of runoff water provided by rain and snow in the northern mountain range of Arizona are accessible and make a warm but green oasis.

As a result, landscaping for parks, golf courses, homes and boulevards often include palm, olive, pine and citrus trees. The scent of orange blossoms fills the air in March and April. Roses, poppies and hundreds of other flowers bloom almost all year. So pretty in fact and such a draw for quality businesses from all over the U.S, it is consistently ranked in the top ten for most beautiful cities, most business friendly, Best Cities to live in and most recently Scottsdale was ranked, One top ten happiest cities in

the US. 

 If you are a little older and considering relocating to Phoenix or Scottsdale, it may be reassuring to note, Scottsdale and Phoenix have a reputation as a popular retirement destination. A vibrant retirement community scene continues to grow here. Arizona has about one million residents at least 55 years with a combined economic impact of about $16.8 billion. And no one is sitting in rocky chairs, everyone is active and enjoying themselves. 

Those who relocate to Phoenix are often found outdoors, enjoying the city’s natural beauty, including parks, more than 1,000 tennis courts and more than 150 golf courses. You’ll also find plenty of municipal parks, hiking trails, river rafting and lakes within 35 to 45 minutes, bicycling routes, running paths, and equestrian trails and activity clubs. Like the nightlife??  music venues, wine bistros, art galleries, comedy clubs, The Scottsdale Symphony and 1000’s of social groups should keep you busy. The list is endless.  What to learn about the more than 150 FUN things to do within and around Scottsdale and Phoenix, check out this link.

https://www.scottsdale-homesforsale.com/blog/101_things_to_do_phoenix/ 

Finding That Dream Home

With the constant influx of new comers to Phoenix, finding a great home for sale in Phoenix or home for sale in Scottsdale or Paradise Valley can be an exciting experience and should be.  With the help of an experienced – honest Realtor, those new to the area can be assured of making an informed decision about one of the most important investments ever made in their lives – the purchase of a home.

My name is Michael Chaisson (Realtor) I specialize in helping those relocating to the Scottsdale -Paradise Valley to area find their perfect home. I’m always available to answer your questions and am happy to show you some great properties!

5 star rated- Voted #1 By Client Reviews and awarded many honors by Sotheby's International Realty and Berkshire Hathaway - including the “Circle of 26 Excellence Honor” 

 

Michael Chaisson, Realtor

My Team's Sotheby's International Realty Web sites are: 

www.Scottsdale-HomesForSale.com

&

www.ParadiseValleyHomes-ForSale.com

480.450.4632

RL Sotheby's International Realty

Premier Client Services

Ranked Top 1% Nationally

Rated #1 by Client Reviews since 2008

Circle of 26 Excellence Award Recipient

Posted in Home Buying Tips
Aug. 4, 2019

25 One Day Vacation Ideas- Phoenix

Hi Everyone,

 

Click on the link below to find even more fun in and out of the Sun all within 2 hours drive of Scottsdale and Phoenix.
We feature plenty of real estate news on this platform but we never lose site of the fact, almost everyone lives here because, it is FUN!  Here is the latest link to yet more fun and interesting things to do within a short drive.

https://vacationidea.com/getaways/best-day-trips-from-phoenix.html

 


5 star rated - Voted #1 By Client Reviews and awarded many honors by Sotheby's International Realty and Berkshire Hathaway - including the “Circle of 26 Excellence Honor”

Michael Chaisson, Realtor

My Team's Sotheby's International Realty Web sites are:

www.Scottsdale-HomesForSale.com

&

www.ParadiseValleyHomes-ForSale.com

480.450.4632

RL Sotheby's International Realty

Premier Client Services

Ranked Top 1% Nationally

Rated #1 by Client Reviews since 2008

Circle of 26 Excellence Award Recipient

Posted in Fun & Events