AZ Real Estate Market

 Arizona real estate market....these past few months have been crazy.  It's almost like 2007 again.  I've been representing both Buyer and Sellers.  With Buyers we have been coming in with strong offers...full price or over and asking for no closing costs or assistance.  We have been dealing with multiple offers and Buyers are once again getting frustrated.  Inventory is low.  Today there are 6,153 homes on the market.  That's nothing!  

It's definitely a Seller's market.  When representing Seller's we want strong offers.  I've seen offers come in waiving appraisals and inspections.  As a Seller's agent this is great!  Representing Buyers not so much.

As long as we are explaining to our clients what is going on they need to really make the decision.  Buyers - do they have enough money to pay their own fees...what if the appraisal comes in low...do they have the extra money to come in with or are they going to walk away and cancel the deal?  We can only advise them so much in the end it's the client's decision on what they want to do.  

With the Seller's I'm still advising to give a home warranty to the Buyer.  Whether or not they take that advise is ultimately what the contract says and what is the best offer.   Home warranties are a love/hate relationship.  For Buyers it's great to have the first year...you don't know the house...what if something fails at least the home warranty will give you some peace of mind and you pay the service fee. 

If you are in the market to Buy or Sell I would love to help you out.

www.movinwithmarci.com

Just listed

I just listed a condo near 16th St and Northern.  It's a gated community within walking distance to Aunt Chiladas.  Close by is HWY 51, easy access to downtown Phx via the freeway or side streets.  This 1 bedroom, 1 bath downstairs 704 square foot unit was recently painted and new blinds installed.  Built in shelves in the family room.   Walk in closet in the master, plenty of storage in the bathroom.  All appliances are in the unit and yes a full size side by side washer/dryer!  Small patio with a storage room and 1 carport.

There is one pool and two spas on the premises.  There are also bbq's around the complex for your convenience. 

Come check this home out today and make an offer! Contact me at marcigcox@gmail.com or 480-695-9683 for more information

Property Management

Have you ever thought about being a landlord?  Do you want to get in the rental market and start buying homes?  Do you want to take on all the calls from your tenants?  If you answer yes and no then keep reading.

Being a landlord takes on a lot of responsibility.  First off you need to treat the home as it's not yours don't be totally invested into it.  You need to make sure you have money to pay the mortgage if your tenant is late or the property is vacant.  You can't rely on the monthly rent as things come up.  You need to be held accountable to pay your bills too. 

Are you ready to handle taking applications, showing the property and then once it is rented take calls at all hours because of issues with the home?  If not, then a property manager is the right way to go.  Property managers take all the work away from you.  We handle advertising the home to get it rented.  We provide applications and do background checks.  We move the tenant in, handle move in and move outs and from then take all the calls for maintenance issues, collect the rents, and much more.

Did you know that once you hire a management company rental tax goes into effect?  Or if you own more than 3 properties rental tax is required?  You have to get a license with the AZ Department of Revenue.  Did you know that if you are out of state you need a statutory agent in AZ?  Most of the time it would be your mgmt company or someone here locally in case something happens with your home, ie. a fire.  The police or fire department or city needs to be able to contact someone here locally for any issues. 

Being a landlord is more work than thinking it's easy money.  When a tenant moves out be prepared for the worse.  You will probably have to repaint each time a tenant moves out.  Shampoo carpet or possibly replace it.  Tenants can do damage so you have to get things fixed and that can be more money than you thought you were going to have to spend.   Not every tenant is going to be the perfect tenant are you prepared for this?

I don't want to scare you as owning investment property is great in the long run, I just want you to be aware of what all goes into being a landlord.

As always I'm here to help you with your real estate needs.  

Marci Greenberg Cox   www.movinwithmarci.com  480-695-9683 

750 E MAIN Street Mesa, AZ 85203

Property Site: http://tour.circlepix.com/home/KN4TCC

This space was used for an insurance business. Wall can be easily removed. This space has two bathrooms and has the address of 750 E Main and 8 N. Horne. It can be split for two companies or used as one. The current CAM charges for the total space for 2014 is $106.08. Rental tax is 2.25%.

Bathrooms: 0.00

Square feet: 663

Price: $700

For more information about this property, please contact Marci Greenberg Cox at 480-695-9683 or marcigcox@gmail.com. You can also text 2886080 to 67299.

See more listings at: http://www.movinwithmarci.com

MLS ID: 5300978

10307 E SAN SALVADOR Drive Scottsdale, AZ 85258

Property Site: http://tour.circlepix.com/home/ADTQH4

This is a lovely 2 story home with plenty of space. Rooms are really good sizes. Master is on the main floor. Two fireplaces, walk-in pantry, sparking pool where pool service is included. Living room, two family rooms, dining, wet-bar..what more could you ask for???

Bedrooms: 4

Bathrooms: 3.00

Square feet: 3,499

Price: $2,750

For more information about this property, please contact Marci Greenberg Cox at 480-695-9683 or marcigcox@gmail.com. You can also text 2799573 to 67299.

See more listings at: http://www.movinwithmarci.com

MLS ID: 5283288

3508 E Acoma Drive Phoenix, AZ 85032

Property Site: http://tour.circlepix.com/home/G6TQKP

This updated 3 bedroom home has laminate wood flooring, tile and carpet. There is huge walk-in pantry right off of the garage and laundry room. The master bedroom has a small add-on big enough for a desk or chair. Nice size yard with a storage shed. Low maint. front and backyard. All appliances included. Call this home today!

Bedrooms: 3

Bathrooms: 2.00

Square feet: 1,656

Price: $1,200

For more information about this property, please contact Marci Greenberg Cox at 480-695-9683 or marcigcox@gmail.com. You can also text 2753375 to 67299.

See more listings at: http://www.movinwithmarci.com

MLS ID: 5275639

4123 W WHISPERING WIND Drive Glendale, AZ 85310

Property Site: http://tour.circlepix.com/home/N9BFKC

Nice updated 3 bedroom. Tile floor, split bedrooms. Corian countertops in the kitchen and master bedroom. Grass backyard, low maintenance front yard. A/c and roof have a warranty still in place. AHS Home warranty will be transferred, good through end of June. Home to be sold AS-Is

Bedrooms: 3

Bathrooms: 2.00

Square feet: 2,034

Price: $245,000

For more information about this property, please contact Marci Greenberg Cox at 480-695-9683 or marcigcox@gmail.com. You can also text 2541376 to 67299.

See more listings at: http://www.movinwithmarci.com

MLS ID: 5230772

22207 N 36 Street Phoenix, AZ 85050

Property Site: http://tour.circlepix.com/home/MVYTDB

Beautiful Toll Brother's Venado model located in the prestigious Aviano at Desert Ridge. This stunning 4100SF home features a grand circular foyer that opens to the great room with a view of the circular dining room. Elegant fine details throughout including soaring soffited ceilings, 3 rotundas, recessed lightings, fireplace, granite wetbar, wine refrig., granite slab countertops, stainless steel appliances, 18' travertine thru-out. This home is complete with a guest casita with separate entrance, add'l bedrooms with own baths, bonus room and study. Oversized backyard features a sparkling pool with water feature. Pool and landscaping service is included.

Bedrooms: 4

Bathrooms: 4.00

Square feet: 4,147

Price: $3,900

For more information about this property, please contact Marci Greenberg Cox at 480-695-9683 or marcigcox@gmail.com. You can also text 2724612 to 67299.

See more listings at: http://www.movinwithmarci.com

MLS ID: 5270168

359 S MARIN Drive Gilbert, AZ 85296

Property Site: http://tour.circlepix.com/home/YDYL5U

A paved walkway leads you to this inviting home. Walk in and look straight back to the salt water pool. Laminate wood floors throughout the home make it easy maintenance. Carpets in all the bedrooms. The master is split and has an upgraded closet. The 3 car garage has plenty of space and includes garage cabinets for extra storage. Call this home today!

Bedrooms: 4

Bathrooms: 2.00

Square feet: 2,191

Price: $1,750

For more information about this property, please contact Marci Greenberg Cox at 480-695-9683 or marcigcox@gmail.com. You can also text 2707729 to 67299.

See more listings at: http://www.movinwithmarci.com

MLS ID: 5267611

359 S Marin Drive Gilbert, AZ 85296

Property Site: http://tour.circlepix.com/home/SVCF95

Walk up to an inviting home with great curb appeal. This home features laminate wood flooring and carpets in the bedrooms. Shutters enclose the living and dining room. The master bedroom is split and has an updated closet with shelves and storage. The kitchen has pull out shelves and has a great view of the salt water pool. Don't miss the garage with built-in cabinets and the laundry room even has a sink!

Bedrooms: 4

Bathrooms: 2.00

Square feet: 2,191

Price: $285,000

For more information about this property, please contact Marci Greenberg Cox at 480-695-9683 or marcigcox@gmail.com. You can also text 2707724 to 67299.

See more listings at: http://www.movinwithmarci.com

MLS ID: 5267615

5146 E OAK Street 203 Phoenix, AZ 85008

Property Site: http://tour.circlepix.com/home/W89EM7

Cozy 2 bedroom, 2 bath condo in a small privately owned complex. Excellent location near Papago Park, Desert Botanical Gardens, Zoo, 202 and 143. 2nd floor unit overlooks the community pool. Inside stacked washer/dryer, covered parking, carpet throughout. Sorry no pets.

Bedrooms: 2

Bathrooms: 2.00

Square feet: 810

Price: $700

For more information about this property, please contact Marci Greenberg Cox at 480-695-9683 or marcigcox@gmail.com. You can also text 2561156 to 67299.

See more listings at: http://www.movinwithmarci.com

MLS ID: 5235202

Home Buying Programs

For home buyers there are programs out there for you.  You need to get with a lender and see which program is best for you. 

Do you need help with a downpayment?  The Home in Five Program could be for you.  The gov't will help you with your downpayment but your interest rate is going to be higher.  There is a class you will need to go to in order to be qualified for this program.

Do you have some money to put down?  FHA will be the way to go.  With 3.5% downpayment this saves you money.  You will however have mortgage insurance added into your loan.  To avoid mortgage insurance you will need 20% to put down.

Please remember when you talk to a lender you need 2 months of paystubs, w-9's. last year's tax returns, and your social security number.  The lender will let you know if they need additional paperwork.

As always I'm here to help you with your real estate needs.  Marci Greenberg Cox   www.movinwithmarci.com  480-695-9683

Fannie Mae changes

Some changes with Fannie Mae financing.  Good news for those of you who have had a foreclosure with a bankruptcy you now have to wait 4 years instead of 7.  If you had a short sale you used to be able to wait 2 years and had to put 20% down.  Now it's 4 years but with only 5% down.  Less money but longer waiting period. 

I have brokers and bankers that can help you out and get you approved for a loan.  Don't hesitate to contact me with any questions at 480-695-9683.  

Back on Track

It's been a world wind year for me.  My daughter was born almost a year ago so I've been busy with her and my business.  The real estate market is doing really well.  It's turning into a buyer's market.  There are currently 20,653 single family homes available in Maricopa County.   Scottsdale - 2,146 Phoenix - 3,751  Glendale 770 Peoria 881 Surprise 755 to name just a few cities.  So as you can see there are quite a few to choose from. 

The rental market is also still strong.  Many of my owners are keeping their prices the same and renewing their tenant's leases.  We haven't had much turn around in the properties I manage.  Happy tenants = happy owners! 

Let me know if I can help you with buying, selling or renting.  Email me at marcigcox@gmail.com or call me at 480-695-9683.  Happy House Hunting!

Homes for Sale and Rent

If you are in the market to sell, buy or rent my team can help you out.  Below are some of our properties:

For Sale: 

41040 N Wild West Tr. Anthem  $250,000 4bd/2ba- Walk into this super clean home and be amazed! New tile flooring installed a year ago. Living room/dining room combo and an open kitchen that overlooks the family room. Kitchen has newer stainless-steel appliances and copious amounts of cabinet space, plus bonus storage in the separate Butler’s Pantry. The backyard backs up to a wash and a walking path so there are no neighbors behind you. Beautiful landscaping was just completed with rock and new plants which can be enjoyed while relaxing on the covered patio. Good size laundry room, big enough for an extra fridge or more storage. French doors lead to the master bedroom which has his and hers walk-in closets and wood flooring. The 3 other bedrooms have carpet. Reverse Osmosis, water softener and a security system are other features.

For Rent:

3508 E Acoma Dr. Phoenix $1100 3bd/2ba- This updated 3 bedroom home has laminate wood flooring, tile and carpet. There is huge walk-in pantry right off of the garage and laundry room. The master bedroom has a small add-on big enough for a desk or chair. Nice size yard with a storage shed. Low maint. front and backyard. All appliances included. Call this home today!

15022 W Bottle Tree Ave Surprise $850 3bd/2ba- Very Open Great Room Floor Plan Located in a Great Family Neighborhood * Walk to Schools and Parks, Minutes to 303 Loop, Shopping and Dining * Eat In Kitchen Features Breakfast Nook, Oak Cabinets, Island, Fridge, Microwave, Breakfast Bar and View of Front Yard * Upgraded Door Hardware and Lighting Fixtures * Sunscreens on Windows * Huge Backyard with Shed * $35 Non-Ref App Fee per Occupant over 18+ Yrs Old * $250-$450 Non-Ref Pet Deposit with Lessor Approval * $100 Non-Ref Re-Key Fee * TENANT TO VERIFY ALL INFO

1352 E Highland Ave. #206 Phoenix $775 2bd/2ba- Upper unit overlooks the pool. This is a 2 bedroom, 2 bath. Carpet throughout and all appliances. Newer tile flooring in the kitchen and bathrooms just installed. Unit has been painted and cleaned. Fireplace and two patios. Call this place home! Great location close to Squaw Peak, the Biltmore, Town & Country, schools, and parks with easy access to the 51 and downtown

534 W Roma Ave #3 $525 1bd/1ba- Nice 4 plex, quiet location. Community laundry on-site. Parking in back or on the street. Close to I-17 and downtown.

My team can help you find the right place to call home!  Contact me today at marcigcox@gmail.com

Interest Rates

As I'm sitting in my weekly meeting a loan officer with Citi has informed us interest rates are on the rise. It has gone from 3.5% to 4.5%.  You can't go wrong with this rate as it's still great but just to inform you if you are looking to purchase a home, rates are rising and it doesn't look like they are going to come back down.  If I had a crystal ball I would let everyone know. 

There are currently 12,009 single family homes in Maricopa County.  Still not a lot of inventory and the good ones are still going fast.  Some sellers are overpricing their homes but buyers are sometimes paying these prices.  I have noticed with some buyers the appraisals have come in less and yes the seller has come down or met the buyer half way, therefore the buyer still had to come in with extra cash.   Everything is negotiable. 

As a seller, still make sure your home looks good. Clean up after yourself, de-clutter your home, fix anything which needs fixing, etc.  It is a turn-off even in today's market.  If you don't take care of your home a buyer may think there are other problems with the home which have been neglected. 

For a buyer, make sure you are pre-qualified.  If not contact a lender and get approved.  Have all your paperwork in so there are no waiting periods and the lender can move your transaction and make it a smooth process.  We want to close on time and get you into your new home.

I would love to help you if you are looking to buy or sell.  Please contact me at 480-695-9683 or at marcigcox@gmail.com

Homes available for sale and rent

I have a few listings which I would love to share with you.  Amazingly they are still available and could be yours!

Homes for Sale:

18630 N. 16th Pl. - This home features 3 bedrooms and 2.5 baths.  A loft was converted to an office and one of the bedrooms had a wall knocked down to enlarge it...you could put the wall back up and have 4 bedrooms.  Upgraded carpeting, Corian countertops, plantation shutters, extended patio, water softer and reverse osmosis.  This is in a gated community and walking distance to North Canyon High School, a park and bus stop.  Great hiking also is nearby as well as access to Loop 101. 

 

The next home:

4803 E Patrick Ln - This home is a 4 bedroom, 2.5 bath and an office!  So much space!  Real wood floors and tile throughout the home, no carpet anywhere!  Easy to clean.  When you first enter this home the foyer welcomes you with pillars which lead into the dining room.  The dining room is adjoined with the family room and looks out to the pool.  The kitchen is open and bright and has another sitting area.  This is a split floorplan and the master is huge!  A woman's dream with a large walk-in closet, shower and tub, and a sitting area all in the master suite.  Real wood floors are in the master, office and dining/family area.  Walk outside to a nice size yard which features a pool and a firepit.  You won't be disappointed with this house.  You are close to Desert Ridge shopping and Loop 101.

Now onto the rentals:

1880 E Morten Ave. #110 - This is a ground floor unit with 1 bedroom/1 bath.  New flooring to be installed.  Located towards the middle of the complex, it is very quiet.  This is a gated community near Central Phoenix. Close to Aunt Chilada's - great mexican food!  All appliances are included.

15652 N. 52nd St. - This 3 bedroom, 2 bath has recently been updated with newer flooring - carpet and tile.  Painted, blinds, new stove.  Large backyard with a storage shed.  It is ready for move in and for you to call it home!

Contact me to view any of these listings!  Marci Cox 480-695-9683 or email me at marcigcox@gmail.com