Yes. In most cases, homes that have been sitting on the market for 30 days or longer present some of the best negotiating opportunities available to serious buyers. The most common reason a home sits on the market is initial overpricing, not actual property defects. Sellers of homes that have been listed for extended periods…
If you were watching mortgage rates this week, you saw them tick up slightly after several weeks of quiet improvement. The reason has more to do with oil than with the Federal Reserve, and understanding the difference matters for anyone weighing a purchase, refinance, or equity decision in Arizona right now. Here is a plain-English…
Home buyers in Arizona should check their credit at least 12 months before planning to purchase a home. This provides enough runway to identify and dispute errors on your credit report, pay down balances to improve your credit utilization ratio, address any late payments or collections, and raise your credit score meaningfully before applying for…
You probably need less than you think to get here. Mesa and Gilbert homebuyers have access to several down payment assistance programs through the state of Arizona and Maricopa County, including statewide programs that offer up to 5% of the loan amount in assistance. These programs can be combined with low-down-payment mortgages like FHA (3.5%…
