Is Your House an Investment or a Home?
How should we view our home? Should we see it as a long term financial investment? Or should we see it not at all as financial but as personal – as in a shelter from the literal and personal storms that just…
Market Snapshot
Getting Ready to List? How to Prepare Correctly
It isn’t unusual that we get a call that goes something like “We just spent a lot of money getting our house ready for the market, when can you list it?” Believe it or not, this phone call scares me to death!…
What the Heck is HECM?
NO MORTGAGE PAYMENT WITH 50% DOWN? If you are 62 or Older, or know someone who is, you need to read this! Are you saying if I’m 62 or over, I can buy a $500,000 home (or more) with a 40% to…
Invaluable Home Maintenance Checklist
Pay me some now or pay me a lot later seems to be a law in life! And where it’s especially true is in the maintenance of a home. Yes, even a new home requires maintenance. When our clients purchase or sell…
Your City’s Home Appreciation
When it comes to the rates of appreciation for our towns and cities, the Cromford Report periodically publishes a terrific chart for our top 50 cities and towns, which we’ve included below. If you’re an investor type looking for a great rate…
Chronic Listing Shortage Continues!
Our summer heat’s been turned up, and the heat of the real estate sales market has as well. As home values approach the record high numbers of 2005, some folks with longer memories are whispering the “B and B” words, as in…
Here They Come!
We knew it was just a matter of time before our neighbors from California with hugely priced real estate would heed a new relocation mantra, “go east young man (and woman).” According to a recent article in the San Jose Mercury News…
Mortgage Rates – One Man’s Perspective!
Last week, the Wall Street Journal (WSJ) published a story titled “Era of Ultracheap Mortgages Ends as Rates Hit 7 year High.” https://www.wsj.com/articles/the-era-of-low-mortgage-rates-is-over-1526635801 Well this took me back to a bygone era. In 1982, a wonderful friend and fellow Realtor in my…
How Education Effects Real Estate Values
Arizona education is in the news, inside and outside of Arizona. We’re all familiar with the recent #RedforEd movement that took place across the country and successfully in Arizona. Per this effort, Arizona public school teachers will most likely be getting a…
The Market – Seller Strength ~ Buyer Bummer
Well, there’s continued good news for sellers and continued not so good news for buyers. Because all of us on the Bodeen Team are homeowners, we’re personally thrilled with this news. However, because all of us represent buyers as well as sellers,…