The Scott's Sell Scottsdale

So where exactly is Arizona???

• Became 48th State: Feb 14, 1912
• Population: 6,166,318 (estimated 2006) - the 20th most populous state in the USA
• Size:  113,998 square mile
• Home to: The Grand canyon - one of the seven natural wonders of the world
• Major Lakes - Lake Mead, Lake Havasu, Lake Mohave, Theodore Roosevelt Lake, San Carlos Lake, Lake Powell
• Highest Point - Humphreys Peak - 12,633 feet (3,581 m) above sea level 
• State Flower: 
• State Bird: Cactus Wren
• Largest City: Phoenix is the Capital city of Arizona and seat of Maricopa County, located on the Salt River in the south central part of the state. Phoenix sits on the eastern edge of the Sonoran Desert. Average daily maximum temperature is 84.9 F degrees, average daily minimum is 56.1 F degrees, average precipitation is 6.74 inches per year. Known for the mountain views and crimson desert sunsets, the Phoenix metro area has been one of the fastest growing areas of the US for many years.Phoenix population ranks as the 5th  largest in the US. (estimated 1,552,259 in 2007)
  
  • Homes typify southwestern architecture with stucco exteriors; tile roofs; amenities such as large master suites, walk-in closets, high ceilings, arched windows, and three-car garages; and access to recreational facilities and lakes. Resale homes in Phoenix and bordering suburbs are more centrally located. There are a large number of master-planned communities, as well as popular and well-equipped retirement communities. 
  • For those who prefer the low-maintenance lifestyle, there are a wealth of options, including apartments, condominiums and town houses located in every area of the Valley. These include everything from small economy units to high-end apartment complexes offering such amenities as carports and golf course views.

Gary Scott, Realtor®, GRI  -  -  Claudia Scott, Realtor®, GRI , e-PRO
Call Toll Free at
866-464-2140        
or
e-mail -Garyandclaudia@cox.net
www.AZ-real-estate-sales.com

 The current Buyers Market conditions provide the perfect opportunity for the qualified first time home buyer to be able to get a foot hold in property ownership. The inventory is higher than ‘normal’, the interest rates remain low and sellers are willing to negotiate! Even though the lending standards may have tightened, first-time buyers can now qualify for a loan and handle the monthly mortgage payment.

She first researched the type of loan that allow her qualify to purchase. Once she qualified for an FHA loan that currently requires only 3% down but will increase to 3.5% after the first of the year, we began our search. With the loan in place, we then determined the maximum amount she wanted to pay per month including principal, interest, taxes, insurance, mortgage insurance (if required) and HOA fees. Then we narrowed down the communities that had properties meeting her requirements in the areas that she wanted to live in. We toured the subdivisions that met our criteria and compared the options between units within each community as well as the other like communities. We found a great condo that met all of her requirements. Even though the unit was not a short sale or foreclosure, the seller was anxious to sell and willing to reduce her unit to sell at the average sales price per square foot in today’s market place. The unit had been well maintained and we were able reap the benefits of the upgrades that the current owner had completed. The unit was freshly painted and most of the kitchen appliances had been replaced, as well as the washer & dryer and carpet! Is it perfect?? No. Are there are some additional updates/upgrades that my first time home buyer is anxious to incorporate as she makes the property ‘hers’? Sure, but for now she can move in and complete these projects as she has the time and money. She is thrilled to NOT be throwing her monthly rental payments to a lease. Her new mortgage payment is not much higher than her current lease payment and with the additional tax benefit, her payment is actually less than her lease. What a satisfying experience to help someone find their dream home!!!