 Homeownership has many benefits: stability, security, and the freedom to make your own space. It also has many financial advantages. Not only will you get the tax benefits of homeownership, but building equity in your home in like a built-in savings plan! For those of you looking to change your home space including upsizing or downsizing, home equity is the highest it has ever been. The average homeowner with a mortgage is sitting on nearly $300,000 in equity! And nearly 40 percent of people own their home, free and clear. Now might be a great time to tap into your home's equity and buy the house you really want! Having a paid off, or almost paid off mortgage might allow you to pay all-cash or only take out a smaller mortgage – which opens a lot of options. You might even consider renting out your current home, but of course consult with your financial advisor and/or C.P.A. before making any move.  When mortgage rates finally start to drop there also will be a flood of eager buyers and sellers. Even now, 32% of buyers are all-cash! If you don’t want to get caught up in that crush, you need to act sooner rather than later to build a solid footing for you and your family by making a smart move. Give me a call or text today if you want to learn about the steps to take now - like what to do to get your current house ready to sell and identify what you want next. DONALD KEYS Selling Homes Since 2006 HomeSmart (602) 750-1744 . If you’re thinking of moving out of the area, I belong to a large network of agents across North America and can connect you with one who will provide the same great service. There are many advantages to homeownership and now could be the best time of the year to make a move. 
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 Let's take a quick look at the Real Estate Market for Maricopa County (Phoenix, AZ Metro Area). Real estate prices are still hot, like the temperatures in Phoenix with the Median Sales Price up 3.9% compared to one year ago. The days on market has increased slightly to 45 from 40 last year and the amount of homes for sale has increased to 2.7 months, up from 1.40 months last year. Higher interest rates and incentives from some Sellers are keeping some Buyers on the sideline with 15.7% few homes sold compared to the same time last year. Also the number of homes for sale (Active Listings) are up a whooping 62.6%! Remember The Home Buying Process Is Changing Starting August 2024 so read the article to be prepared! www.thekeysteam.com/market-update/the-home-buying-process-in-2024
If you are looking to Buy or Sell a home feel free to reach out to me directly with all your questions. DONALD KEYS Selling Homes Since 2006 HomeSmart (602) 750-1744 or use my Contact Page and you can always Search The Live MLS here: Search Homes |
AuthorDonald Keys has been selling homes full-time since 2006. Archives
September 2024
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