Tags Articles tagged with "Real Estate"

Real Estate

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Photo by Jim Headley

 

The least expensive home sold Jan. 16-Feb. 15 sold in an online auction by the owner/agent in January. A two-story, four-bedroom, no-frills house, it is nearly 12 years old with basic desert landscaping front and back.

  1. 21808 N. Liles Lane, The Lakes at Rancho El Dorado

Sold: Jan. 28
Purchase price: $154,000
Square footage: 2,195
Price per square foot: $70.16
Days on market: 7
Builder: Meritage
Year built: 2007
Bedrooms: 4
Bathrooms: 2.5
Community: The Lakes at Rancho El Dorado
Features: Master bedroom downstairs, walk-in closets, large kitchen, water softener, tile flooring throughout lower level
Listing Agent: Don Juvan, Gentry Real Estate
Selling Agent: Don Juvan, Gentry Real Estate

  1. 40215 W. Green Court, Desert Passage ……….. $159,900
  2. 35978 W. Costa Blanca Drive, Tortosa ………… $160,000
  3. 42515 W. Hillman Drive, Rancho El Dorado … $164,000
  4. 42359 W. Sunland Drive, Rancho El Dorado … $168,000

 

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Photo by Jim Headley

The most expensive home sold in Maricopa from Jan. 16 to Feb. 15 was a brand-new spec home by Fulton Homes in the Sycamore section of Glennwilde. Sporting tons of upgrades, from faucets to hardware, it has four bedrooms on one level and was on the market less than two weeks. Though having no landscaping yet in the backyard, the home is 2,500 square feet and comes with a three-car garage.

  1. 41840 W. Granada Drive, Glennwilde

Sold: Jan. 30
Purchase price: $340,598
Square footage: 2,517
Price per square foot: $135.31
Days on market: 13
Builder: Fulton Homes
Year built: 2018
Bedrooms: 4
Bathrooms: 3
Community: Glennwilde
Features: All-new features with upgrades, dimmable task lighting, multiple ovens, energy efficient, huge great room, covered patio
Listing Agent: Linn Adair, Fulton Home Sales
Selling Agent: Jennifer Schumacher, Century 21 Arizona Foothills

  1. 16944 N. Palo Verde St., Palo Brea………………………………………..$335,000
  2. 41858 W. Almira Drive, Glennwilde………………………………………$307,500
  3. 40936 W. Hopper Drive, Homestead North………………………….$300,000
  4. 40810 W. Parkhill Drive, The Lakes at Rancho El Dorado………$300,000

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Brian Petersheim

By Brian Petersheim

In the entire year of 2018, there were 2,041 homes sold in Maricopa. Of those homes sold 1,927 of the homes were located  in Maricopa’s subdivisions led by Home Owner’s Associations. Only Five percent of the homes sold in Maricopa were in areas not guided by HOAs.

I wanted to do a break down of the price per sq. ft. average of each of the subdivisions. Please note that many factors play into these average numbers. The two factors that have the most weight in the averages below are:

  1. The number of sold homes compiled in the average. For instance, in the entire year of 2018, only 8 homes sold in the subdivision of Palo Brea. A single low sales price will affect the average more than other areas.
  2. The subdivisions where new home construction is occurring may have a higher average because the builders sell their homes at a higher price per sq. ft. than a resale home!
Subdivision Average price/ sq. ft.
Acacia Crossings $104
Alterra $96
Cobblestone $104
Desert Cedars $93
Desert Passage* $98
Glennwilde* $103
Homestead* $106
Lakes @ Rancho $102
Maricopa Meadows $88
Palo Brea $87
Province* $136
Rancho El Dorado $105
Rancho Mirage* $110
Santa Rosa* $106
Senita $89
Sorrento* $101
Tortosa $94
Villages $99

 

*These subdivisions have new builds being sold

Please note: These are averages. Your home may be above or below the average. Your home may be highly upgraded, or have a pool. Single vs. two-story can make a huge difference. Every property should be looked at individually by a licensed local Real estate agent to get a more precise valuation.

 

Brian Petersheim is a Real estate agent with Homesmart Success.
602-206-9644
BrianPetersheim@gmail.com

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Photo by Jim Headley

The most expensive home sold in Maricopa from Dec. 16 to Jan. 15 was a large, lakeside home in Province that had been on the market 10 months. It sold for $9,900 under its list price and was quickly placed on the market for rent. It includes solar for minimal electric bills and a gorgeous back patio with a hot tub.

  1. 42483 W. Blue Suede Shoes Lane, Province

Sold: Jan. 1
Purchase price: $440,000
Square footage: 3,102
Price per square foot: $141.84
Days on market: 293
Builder: Meritage
Year built: 2006
Bedrooms: 4
Bathrooms: 4
Community: Province
Features: Luxury gourmet kitchen with steel appliances, bamboo floors, 12-foot ceilings, three-car garage, guest casita
Listing Agent: Jill K. Dames, Realty ONE Group
Selling Agent: Annette Sharp, HomeSmart

  1. 20193 N. Winter Escape Court, Province…………………………………….$300,000
  2. 21838 N. Scott Court, Rancho El Dorado……………………….……………$292,000
  3. 20038 N. Cordoba St., Tortosa……………………………………………………$287,500
  4. 42478 W. Constellation Drive, Province…………………….……………….$275,000

Item appears in the February issue of InMaricopa.

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Photo by Kyle Norby

The least expensive home sold in Maricopa from Dec. 16 to Jan. 15 was a three-bedroom in Sorrento that last sold at the end of 2016. It has been off-and-on the market and used as a rental. It sold for its list price. Originally listed in August, it was almost sold in December but financing fell through before closing.

  1. 17881 N. Ischia Road, Sorrento

Sold: Jan. 10
Purchase price: $166,900
Square footage: 1,371
Price per square foot: $121.73
Days on market: 154
Builder: D.R. Horton
Year built: 2008
Bedrooms: 3
Bathrooms: 2
Community: Sorrento
Features: 8,000-square-foot lot, RV gate, vaulted ceiling in family room, custom blinds, reverse osmosis drinking system
Listing Agent: Ted A. Anderson HomeSmart Success
Selling Agent: Brooke Jordan, My Home Group Real Estate

  1. 44063 W. Neely Drive, The Villages at Rancho El Dorado …….$168,000
  2. 41334 W. Bravo Drive, The Lakes at Rancho El Dorado…………$169,500
  3. 42188 W. Noreen Road, Santa Rosa Springs…………………………$169,999
  4. 21424 N. Reinbold Drive, Rancho El Dorado………………………….$171,500

This item appears in the February edition of InMaricopa.

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By Dayv Morgan

Dayv Morgan

To say the least, 2018 was a good year for housing in Maricopa. Prices went up, availability tightened a bit and 101 more houses sold compared to the year before.

Meanwhile, house construction continued at a rapid rate, proving builders are bullish on Maricopa. The month of May was particularly hot, with 106 building permits filed. Year-over-year, building permits increased 34 percent.

The number of active listings stayed fairly consistent, as did the average number of days on the market, which is slightly above the Valley average. The average selling price in Maricopa by year’s end had increased to $214,000, still well below the Valley average of $235,200, which might explain the continued housing demand in Maricopa.

While the number of homes for sale was shrinking, it was even more difficult to find a house to rent in Maricopa, and rents climbed to an average of $1,300.

The nationwide shortages in construction supplies and labor were felt in Maricopa and may contribute to higher home prices when houses currently under construction go on the market in 2019. Mortgage rates also went up during 2018, putting more pressure on buyers.

For the most part, 2018 was a seller’s market in Maricopa. That will likely continue in 2019. Potential homebuyers are expected to enter the market by spring to get ahead of rising prices.

Maricopa data:

                                                                            Jan. 1, 2018                          Dec. 1, 2018
Median sold price                                                  $190,000                                $212,000
Average sold price                                                 $204,000                                $214,000
Ratio of original list price to sold price              97.7%                                        97.4%
Active Listings                                                         428                                            406
Average days on market                                         60                                               66

                                                                                                           2017                       2018
Homes sold in first 11 months                                                           1,805                     1,906
Single-family house building permits in first 11 months              708                         951

Dayv Morgan is a Maricopa Realtor and owner of HomeSmart Success.
480-251-4231
DayvMorgan@gmail.com


This column appears in the January issue of InMaricopa.

 

By Brian Petersheim, Realtor

Brian Petersheim, Realtor. Photo by Victor Moreno

In the past, blogging topics have focused on buying/selling homes and the real estate market in general, but this time I wanted to change things up and focus on renters.

Renters in Maricopa have always been an asset to our community. People rent homes for many reasons instead of buying a home. The most common reasons that are mentioned are getting the “lay of the land” in Maricopa, maybe making sure the commute is acceptable, and deciding on a specific community to lay their roots down. Another common reason to rent is to work on credit scores and employment history to be able to qualify for a home purchase.

I have broken down this blog post into two parts. The first is the Maricopa rental market in general and the second will be tips and tricks to increase your chances of getting into the rental home of your choice.

At the current time there are about 18,000 homes built in Maricopa, but there are only about 33 homes for rent right now, which is a very low inventory.

Total number of homes for rent 33
Rentals allowing pets 23
Rentals with pools 5
Short term/seasonal rentals 11
Monthly lease prices of the 33 homes
$1,100-1,150—-2
$1,151-1,200—-5
$1,201-1,250—-4
$1,251-1,300—-6
$1,301-1,350—-3
$1,351-1,400—-2
$1,401-1,500—-8
$1,500+———3

With the rental market as tight as it currently is with supply, a prospective tenant needs to put their best foot forward when applying to rent a home. These are some tips and tricks to help a tenant get into the rental home of their dreams and set them above the competition.

1. Know what your credit report looks like before you find the home of your dreams. The landlord will receive a copy of your credit report and you want to make sure there are no surprises. If there are any extenuating circumstances or errors on your credit report, write a note to the homeowner to be submitted with the application explaining the issue. If they don’t see the note they won’t know the reason and may be more likely to pass on you for renting. The landlord may also run a criminal background check.

2. In in a landlord’s market, where the landlord may have multiple choices of tenants it would be wise to have a positive letter on hand from previous landlords. In cases where you don’t have a previous landlord, a letter from your direct supervisor at work telling what a great and long-term employee you are may help . Submit the letter with your application. That letter will weigh greatly with the prospective new landlord’s decision.

3. Make sure you invest in renters insurance. The homeowner’s insurance policy will not cover anything that doesn’t belong to the homeowner. The insurance is relatively inexpensive and covers everything that you own in the house, in case of some kind of disaster you and your belongings will be covered.

4. Have your real estate agent reach out to the landlord’s real estate agent to confirm the house is still available and ask if there are any applications pending. Generally when you apply to rent a house there is a fee involved for each applicant over the age of 18. If there are multiple applications already submitted, knowing that would be important for someone, before using their hard earned dollars for an application fee.

5. Any Real estate agent can help you find a rental. There is no “commission” for a tenant to pay the agent helping them. The commission is paid by the homeowner. There may be fees for the tenant to pay to the property management company, but those fees will need to be paid by the renter either way. A good source for a tenant to start the rental search on their own is www.Realtor.com

Welcome to Maricopa– “the Friendliest City in Arizona.”

Brian Petersheim
Realtor-Homesmart Success
602.206.9644 BrianPetersheim@gmail.com

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Photo by Kyle Norby

The most expensive home sold in Maricopa Nov. 16-Dec. 15 is a 4,000-square-foot house on a 14,000-square-foot lot in The Villages. Its price tag was 12.8 percent higher than its previous sale 17 months earlier. The five-bedroom house is two stories with a master-suite balcony overlooking a private pool.

  1. 43195 W. McClelland Drive

Sold: Nov. 27
Purchase price: $335,000
Square footage: 3,955
Price per square foot: $84.70
Days on market: 51
Builder: Unknown
Year built: 2005
Bedrooms: 5
Bathrooms: 3
Community: The Villages at Rancho El Dorado
Features: Sunken living room, built-in wet bar, private dining room, 3-car garage, covered patio
Listing Agent: Amy Haight, Arizona Best Real Estate
Selling Agent: Wayne Knight, ProSmart Realty

  1. 42612 W. Blue Suede Shoes Lane, Province………………….$325,000
  2. 20197 N. Marquez Drive, The Villages…………………………..$295,000
  3. 42037 W. Baccarat Drive, Province……………………………….$280,000
  4. 41981 W. Solitare Drive, Province…………………………………$278,000

    This item appears in the January issue of InMaricopa.

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Photo by Kyle Norby

The least expensive home sold in Maricopa Nov. 16-Dec. 15 is a one-owner home in Homestead that is 1,400 square feet on a desert-scaped lot. Built nearly a decade ago, it is well-maintained and across the street from a park.

  1. 21180 N. Dries Road, Homestead North

Sold: Dec. 13
Purchase price: $161,000
Square footage: 1,454
Price per square foot: $110.72
Days on market: 10
Builder: DR Horton
Year built: 2009
Bedrooms: 3
Bathrooms: 2
Community: Homestead North
Features: Three-quarter bath with master bedroom, kitchen island, low-maintenance landscaping, 2-car garage
Listing Agent: Melissa Rush, Rush & Associates Realty
Selling Agent: Merdad Meraban, Delex Realty

  1. 37037 W. Bello Lane, Sorrento………………………$161,500
  2. 43826 W. Lindgren Drive, The Villages…………..$172,500
  3. 43230 W. Chisholm Drive, Rancho El Dorado…$173,000
  4. 42006 W. Anne Lane, Rancho El Dorado………..$173,000

    This item appears in the January issue of InMaricopa.

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Photo by Raquel Hendrickson

A one-owner, single-story home in Province was the most expensive home sold in Maricopa Oct. 16-Nov. 15. Sellers took $6,000 off the asking price to sell in less than two months. The lakeside property includes a three-car garage, beautiful courtyard and covered back patio with built-in barbecue and a fire pit.

1. 41696 W. Snow Bird Lane, Province

Sold: Oct. 19
Purchase price: $389,000
Square footage: 2,044
Price per square foot: $190.31
Days on market: 41
Builder: Meritage
Year built: 2015
Bedrooms: 3
Bathrooms: 2
Community: Province
Features: Lakefront, updated landscaping, large kitchen, huge master bedroom with bay windows, 55+ gated community
Listing Agent: Jesse Kibler, HomeSmart
Selling Agent: Terry Sperry, Coldwell Banker

2. 41059 W. Robbins Drive, Homestead …………………………….…$315,000
3. 41635 W. Snow Bird Lane, Province …………………………………$299,000
4. 43597 W. Snow Drive, The Villages at Rancho El Dorado …$291,500
5. 21919 N. Balboa Drive, Rancho El Dorado ……………………….$285,000



This item appears in the December issue of InMaricopa.

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Photo by Kyle Norby

The least expensive home sold in Maricopa Oct. 16-Nov. 15 was a two-story with a history that tells the story of the recession in Maricopa. First listed eight years ago for $65,000, it initially sold seven years ago for $850 as a short-sell and again nine months later for $800 and finally went for an all-time low of $775 before the economy began to recover.

1. 17364 N. Marina Ave., Alterra

Sold: Oct. 27
Purchase price: $160,000
Square footage: 2,630
Price per square foot: $98.15
Days on market: 21
Builder: K Hovnanian
Year built: 2005
Bedrooms: 3
Bathrooms: 3
Community: Alterra
Features: 2-car garage, basic appliances, full master bedroom
Listing Agent: Dayv Morgan, HomeSmart Success
Selling Agent: Dale Dressel, HomeSmart Success

2. 19337 N. Ibiza Lane, Tortosa …………………………………$163,000
3. 21415 N. Scott Drive, Rancho El Dorado ……………….$168,500
4. 35985 W. Prado St., Tortosa ………………………………….$170,000
5. 36143 W. Vera Cruz Drive ……………………………………..$170,000



This item appears in the December issue of InMaricopa.

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Photo by Kyle Norby

 

The most expensive home sold in Maricopa Sept. 16-Oct. 15 was a two-story in The Villages. The 12-year-old home has a pool, gourmet kitchen and professionally landscaped yard, as well as a master-suite balcony overlooking a gorgeous backyard. The cost of the home went up nearly 73 percent since the recession. It had been on the market for less than $200,000 in 2011. Now with many upgrades it fetched $360,000.

1.       43198 W. Bailey Drive, The Villages at Rancho El Dorado

Sold: Oct. 11
Purchase price: $360,000
Square footage: 3,955
Price per square foot: $91.02
Days on market: 33
Builder: Hacienda Homes
Year built: 2006
Bedrooms: 5
Bathrooms: 3
Community: The Villages at Rancho El Dorado
Features: Split-level downstairs, upstairs loft and master suite, three-car garage, RV gate, stainless steel appliances, kitchen island with breakfast bar, heated swimming pool, outdoor fireplace.
Listing Agent: Rute Haag, HomeSmart Success
Selling Agent: Ted A. Anderson, HomeSmart Success

2.       19042 N. Ibis Way, Senita ………………………….…..$342,500
3.       42302 W. Bravo Drive, Rancho El Dorado……….$322,000
4.       22163 N. O’Sullivan Drive, Rancho El Dorado….$320,000
5.       40997 W. Novak Lane, Homestead North……….$308,000


This item appears in the November issue of InMaricopa.

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Photo by Kyle Norby

 

The least expensive home sold in Maricopa Sept. 16-Oct. 15 was on the market less than a month in the Smith Farms subdivision. Its selling price of $147,500 was less than a percentage point higher than the last time it sold in 2007. The one-story house overlooks a greenbelt and includes an eat-in kitchen.

1.       18374 N. Celis St., Smith Farms

Sold: Sept. 27
Purchase price: $147,500
Square footage: 1,321
Price per square foot: $111.66
Days on market: 27
Builder: KB Home
Year built: 2007
Bedrooms: 2
Bathrooms: 2
Community: Smith Farms
Features: Extended covered patio in back, two bedrooms plus an office/den, two-car garage
Listing Agent: Jo Ann A. LaRussa, Keller Williams Legacy One
Selling Agent: Manuel M. Zambrano, Go Sold Realty

2.       21362 N. Reinbold Drive, Rancho El Dorado………………………….$162,000
3.       17316 N. Rosa Drive, Santa Rosa…………………………………………..$170,000
4.       45047 W. Alamendras St., Acacia Crossings…………………………..$171,000
5.       44993 W. Miraflores St., Acacia Crossings……………………………..$172,500


This item appears in the November issue of InMaricopa.

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Photo by Raquel Hendrickson

 

The least expensive home sold in Maricopa Aug. 16-Sept. 15 was a 13-year-old starter home in Maricopa Meadows. The home lost nearly 25 percent of its value since the last time it sold in 2005. Newly carpeted and painted inside, the home served as a rental.

  1. 46108 W. Long Way, Maricopa Meadows

Sold: Sept. 14
Purchase price: $155,000
Square footage: 1,447
Price per square foot: $107.11
Days on market: 39
Builder: Elite
Year built: 2005
Bedrooms: 4
Bathrooms: 2
Community: Maricopa Meadows
Features: New tile in kitchen, bathrooms and laundry room, new toilets, lots of ceiling fans, dual-pane windows, sheltered entry, two-car garage.
Listing Agent: Mary Almaguer, Apache Gold Realty
Selling Agent: Charles D. Powell, Realty Executives Tucson Elite

  1. 45638 W. Amsterdam Road, Maricopa Meadows ………..$165,000
  2. 42466 W. Hillman Drive, Rancho El Dorado ………………….$168,000
  3. 44773 W. Portabello Road, Acacia Crossings ………………..$169,000
  4. 41293 W. Capistrano Drive, Glennwilde ……………………….$170,000


    This item appears in the October issue of InMaricopa.

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Photo by Raquel Hendrickson

 

The most expensive home sold in Maricopa Aug. 16-Sept. 15 was a two-story, five-bedroom home in the middle of Rancho El Dorado with a backyard pool and a master-suite balcony overlooking the golf course. It also sports a three-car garage, loft, fireplace and lots of space. Listed at just under $400,000, it sold for $5,000 under the asking price. That was $69,000 more than its selling price four and a half months earlier.

  1. 42443 W. Bravo Drive, Rancho El Dorado

Sold: Sept. 1
Purchase price: $394,000
Square footage: 3,890
Price per square foot: $101.29
Days on market: 130
Builder: Hacienda
Year built: 2004
Bedrooms: 5
Bathrooms: 3
Community: Rancho El Dorado
Features: Large diving pool with new tile, great views, master suite with walkout, new carpet and paint, multiple ovens, walk-in pantry, covered patio
Listing Agent: Heather Schmidt, The Maricopa Real Estate Company
Selling Agent: Bobby Johns, Realty Pointe LLC

  1. 22026 N. Cline Court, Rancho El Dorado ………… $375,000
  2. 21954 N. Olson Court, Rancho El Dorado ………. $373,000
  3. 40358 W. Dennis Lane, Smith Farms …………….. $275,000
  4. 42166 W. Santa Fe St., Glennwilde ……………….. $260,455

    This item appears in the October issue of InMaricopa.

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Dayv Morgan

By Dayv Morgan

The end of summer typically brings with it the sluggishness of the Maricopa housing market for the cooler months. Last year, for instance, the median price for a closed/sold home was $190,000 in September and stayed the same in December.

You can also expect fewer homes going under contract when the market is flat.

In 2017, Maricopa had 157 homes that went under contract in October. That dropped to 134 in November and then 106 in December, according to Multiple Listing Service (MLS).

As sales slow, the number of homes on the market increases. That coincides with an increase in active homes in the Maricopa market during the fall months.

2017 Active Homes
October 382
November 411
December 429

The market is expected to behave the same way this autumn, too. Though a stagnant housing market is often a buyer’s market, families looking for new homes usually search toward the end of the school year, so they can move over the summer.

And while October is “snowbird” season and visitors from the Midwest and Northeast return, Canadians do not seem to be having the same impact on the housing market as they once did. Canadian ownership is now under 5 percent, according to Empire West Title Company.

The exception to the flat fall market is Province, which is expected to see an upswing in activity, as they do get a lot of buyers who are in Maricopa only during the cooler months. Meritage Homes at Province is ramping up its spec homes. It has 14 completed and available specs right now, nine more were started in September and 22 spec homes are scheduled to start by the end of November.

 

Dayv Morgan is a Maricopa Realtor and owner of HomeSmart Success.
480-251-4231
DayvMorgan@gmail.com

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This column appears in the October issue of InMaricopa.

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Photo by Raquel Hendrickson

The least expensive home sold in Maricopa from July 16 to Aug. 15 was on a corner lot in Tortosa. A victim of the recession (it once sold for $750), it made a gradual comeback. It’s selling price of $158,000 is 66 percent higher than its last selling price in 2013. The standard three-bedroom home has a split floor plan and a covered patio in the backyard.

  1. 19352 N. Costa Verdez Ave.

Sold: Aug. 15
Purchase price: $158,000
Square footage: 1,370
Price per square foot: $115.33
Days on market: 9
Builder: Unknown
Year built: 2006
Bedrooms: 3
Bathrooms: 2
Community: Tortosa
Features: Tile flooring, dual sinks in master bath, grass back yard, 5,663-square-foot lot
Listing agent: Chad Crimmins, Elite Real Estate Pros
Selling agent: Michael Colletti, Realty ONE Group

  1. 35616 W. Costa Blanca Drive, Tortosa ……..$160,000
  2. 36997 W. Amalfi Ave., Sorrento, ………………$164,000
  3. 41988 W. Colby Drive, Rancho El Dorado… $165,000
  4. 43549 W. Colby Drive, Rancho El Dorado… $165,000

    This item appears in the September issue of InMaricopa.

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Photo by Raquel Hendrickson

 

The most expensive home sold in Maricopa from July 16 to Aug. 15 was a two-story, four-bedroom house in Palo Brea. This is the third time the home has been sold since it was built in 2007. Its $320,000 price was 16.6 percent higher than its selling price 18 months ago. All four bedrooms are built like masters, and the 4,500-square-foot home sits on a 10,000-square-foot lot that includes a pool.

  1. 44022 W. Palo Abeto Drive

Sold: Aug. 10
Purchase price: $320,000
Square footage: 4,512
Price per square foot: $70.92
Days on market: 133
Builder: Beazer
Year built: 2007
Bedrooms: 4
Bathroom: 3.5
Community: Palo Brea
Features: Upgraded kitchen, 10-foot ceilings, large bonus room, huge master suite, outdoor built-in BBQ, pebble tec pool
Listing agent: Dayv Morgan, HomeSmart Success
Selling agent: Roque Martinez, eXp Realty

  1. 43612 W. Sparks Court, Rancho El Dorado …….. $315,000
  2. 40978 W. Pryor Lane, Homestead North ……….. $295,000
  3. 20690 N. Enchantment Pass, Province …………… $290,000
  4. 40092 W. Novak Lane, Homestead North ……… $285,500

    This item appears in the September issue of InMaricopa.

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By Dayv Morgan

Dayv Morgan

Traditionally, a down payment on a home is 20 percent of the sales price. This allows a buyer to avoid paying a monthly fee for private mortgage insurance. But saving up 20 percent is often a struggle for potential homebuyers. The median sales price in Maricopa is around $210,000, which would require $42,000 down.

This is why down-payment assistance (DPA) programs remain in demand. In 2016, the Pathway to Purchase (P2P) program allowed Maricopans to receive a grant of 10 percent of the price, up to $20,000, to be used towards the down payment. The P2P program returned last month for selected zip codes, including most of Casa Grande, but unfortunately Maricopa was not on that list.

There are still other DPA options for homebuyers in Maricopa. And DPAs are not just for first-time homebuyers.

Administered by the Arizona Industrial Development Authority, the HOME Plus Home Loan Program provides a 30-year fixed-rate mortgage combined with DPA up to 5 percent. The assistance is provided in the form of a three-year, no interest, no down payment, second mortgage, completely forgiven at the end of three years. The DPA can be used toward the down payment, closing costs or a combination of the two. Active military and veterans can receive an additional 1 percent.

For those who do not qualify for these programs, there is still a standard 3.5-percent down FHA loan program, which is the most common in Maricopa. The 0-percent down USDA loan program also still exists, but is only for specific geographical areas, and not an option within the city limits of Maricopa.

A 620 credit score is often thought to be the minimum to qualify for financing. Many renters don’t begin to even think about looking for homes until their score is in the 600s. FHA actually sets a minimum score of 580, but mortgage companies often will add their own “overlays” on top of the federal guidelines, bringing it back up to a 620.

Fortunately, there are some lenders with niche programs available to help potential buyers with less-than-great credit.

Carrington Mortgage Services, for example, has options for VA and FHA loans with a credit score as low as 500. The FHA loan requires a higher down payment of 10 percent, but the VA product does not require any down payment at all.

The previously mentioned HOME Plus program has a 620 credit score with most lenders, but there are several companies that will accept scores under 620, including Flagstar, Carrington, Bank of America and Quicken Loans.

Every lender will likely have different requirements for qualifying. In addition to credit score and down payment, other factors such as debt-to-income ratios and cash reserves will come into play. Based on your personal situation, your real estate professional and lender can direct you to the best financing programs available.

 

Dayv Morgan is a Maricopa Realtor and owner of HomeSmart Success.
844-811-7653
DayvMorgan@gmail.com


This column appears in the September issue of InMaricopa.

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Houses for sale saw a lot of activity around Maricopa in May. Photo by Adam Wolfe

By Brian Petersheim

Brian Petersheim, Realtor. Photo by Victor Moreno

The Villages? Rancho El Dorado? Tortosa? Alterra? Everyone that is introduced to the city of Maricopa asks, “Which is the best subdivision?” When shopping subdivisions, amenities can play an important role in determining whether a community is the right fit or not. Buyer should begin their search by asking themselves a few questions…

  1. How important are amenities?
  2. How important is drive time into Phoenix/Chandler?
  3. How important is the monthly HOA fee?
  4. What does that monthly HOA fee provide?

Read on, my friends….



Acacia Crossings

750 Homes/lots: Subdivision is completed

HOA: $71.50/month. Basic cable OR credit toward Internet included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, basketball courts.

Fun Fact: The HOA actually modified a walkway from the center of Acacia to be able to walk to the stores in the Basha’s center, so resident wouldn’t have to walk or bike all the way around the subdivision to shop!

 

Alterra

862 Homes out of 1005 lots: No current building in the subdivision

HOA: $62.92/month. Basic cable not included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas.

Fun Fact: Much of Alterra was underwater in 1983 due to a flood. Since then, many changes have been made to the “wash system” to make sure it doesn’t happen again.

 

Cobblestone Farms

884 homes on 892 lots: Last homes being completed now.

HOA: $278.45/quarter (92.82/month). Basic cable included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, pool, horseshoes, basketball court, lake, sports field.

Fun Fact: All the homes were built by Fulton homes, while most other subdivisions have multiple builders.

Fun Fact 2: Cobblestone/Fulton built the only basement homes in Maricopa, which are approximately 4,000 square feet.

 

Desert Cedars

418 homes/lots: Subdivision is completed.

HOA: $60/month. Basic cable not included HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas. Desert Cedars is the closest subdivision to Maricopa’s Copper Sky Multigenerational and Aquatic center, which means not only an easy walk to the festivities, but an up close and personal view of the Fourth of July fireworks from your house.

 

DESERT PASSAGE (aka Smith Farms)

548 homes of 705 home sites: Currently building.

HOA: $109/month. Basic cable included in HOA

Amenities– Walking/biking/jogging paths, children’s playgrounds, BBQ areas, pool, basketball court, sports fields, baseball/softball field.

Fun fact: Desert Passage has a pool, but many people forget about it when talking about subdivisions with pools.

 

GLENNWILDE GROVES

1,412 homes on 1,948 home sites: Currently building

$88.75/month.  Basic cable included in HOA

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, 2 heated pools, tennis, basketball, soccer, baseball/softball, stocked fishing lake.

Fun fact: Some of the sporting fields actually belong to the city’s Pacana Park, but since Glennwilde surrounds the park, they are part of the amenities.

 

HOMESTEAD NORTH

1,568 homes on 2,295 home sites: Currently building,

HOA: $48/month. Basic cable not included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, basketball courts, and lake subdivision.

Fun Fact: DRHorton was supposed to be the only builder in Homestead, so they named the main thoroughfare DRHorton Drive, but when other builders came in and started building, the name was changed to Homestead Drive.

 

MARICOPA MEADOWS

1,537 homes on 1,626 home sites: No current building in the subdivision.

HOA: $219/quarter ($73/month). Basic cable included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, basketball court, outside workout trail, pickle ball court and lake.

Fun Fact: Maricopa Meadows is home to Maricopa’s only full disc golf course.

 

PALO BREA

113 homes on 525 home sites: No current construction.

HOA: $55/month. Basic cable included in HOA

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, basketball courts and home of one of the few Sand Volleyball courts in Maricopa.

Fun Fact: Palo Brea only has homes on about 20 percent of the lots. Beazer Homes was the only builder there. The remaining lots have been for sale by the developer for several years.

 

PROVINCE (Villas or Gemini homes 55+ community)

1,323 homes on 2,124 lots: Currently building

HOA: $917.61/quarter ($305.87/month). Basic cable included in HOA

Amenities – Walking/biking/jogging paths, lakes, shuffleboard, tennis, pickle ball, indoor/outdoor pools, full workout facility, craft rooms, poker room, clubhouse, library & BBQ areas

Fun Fact: The smaller Villa or Gemini homes cost more per month on the HOA than the stand alone homes because it includes a roof insurance policy since 2 separate units share a common roof.

 

PROVINCE (Single Family detached 55+ community)

1,323 homes on 2,124 lots – currently building.

HOA: $603.76/quarter ($201.25/month). Basic cable included in HOA.

Amenities – Walking/biking/jogging paths, lakes, shuffleboard, tennis, pickleball, indoor/outdoor pools, full workout facility, craft rooms, poker room, clubhouse, library & BBQ areas.

Fun Fact: The entire subdivision of Province is comprised of single story homes only.

 

RANCHO EL DORADO (not Villages or Lakes)

Maricopa’s largest subdivision with 3,381 homes/lots: Subdivision is completed.

HOA: $127.90/quarter ($42.63/month). Basic cable not included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, lake, driving range, restaurant/bar (at the golf course). Maricopa’s only golf course subdivision.

Fun Fact: Rancho El Dorado was Maricopa’s first master planned community; some of the homes were completed in 2002.

 

LAKES at RANCHO EL DORADO (Rancho El Dorado Phase 3)

643 homes on 1,594 home sites: No current construction.

HOA: $62.92/month. Basic cable not included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, lake and water feature.

Fun Fact: It is permissible for residents to use non-motorized boats like canoes or paddle boats on the lake.

 

RANCHO MIRAGE

280 homes on 2,163 home sites: 1 builder currently constructing homes.

HOA: $91.67/month. Basic cable included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, lake with walkout pier and water feature.

Fun Fact: Of the 4 builders that were originally scheduled to build in Rancho Mirage, 2 of them never broke ground and 4 more came in and started building.

 

SANTA ROSA SPRINGS

160 homes out of 788 home lots: 2 builders currently constructing homes.

HOA: $68/month. Basic cable not included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas.

Fun Fact: The original builders in that community used extra insulation for noise reduction because of the proximity of the train tracks.

 

SENITA (Maricopa Groves)

1,375 lots/homes built: Subdivision is completed.

HOA: $65/month. Basic cable INCLUDED in HOA

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas

Fun Fact: Senita 1 and 2 are the parcels west of the bridge over the wash while Senita 3 is the parcel East of the bridge.

 

SORRENTO

366 homes out of 821 lots in the subdivision: Current construction

$63.30/month. Basic cable not included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, lake, splash pad, water feature, tennis courts.

Fun Fact: There are currently 2 new builders quickly putting up homes in Sorrento.

 

TORTOSA

1,055 homes out of 2,462 total home lots: No builders currently constructing homes

HOA: $91.00/month. Basic cable included in HOA.

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, water feature.

Fun Fact: There were several streets in Tortosa with partially built homes, but no builder! The builder ran out of money and went under. Some of the homes were sold unfinished, but eventually the bank came in, finished and sold the homes.

 

VILLAGES at RANCHO EL DORADO

2,086 homes out of 2,104 total lots in the subdivision: Last lots being built on now.

HOA: $86.00/month Basic cable OR credit toward Internet INCLUDED in HOA

Amenities – Walking/biking/jogging paths, children’s playgrounds, BBQ areas, 2 pools, clubhouse w/kitchenette for resident use, workout facility, basketball & tennis courts.

Fun Fact: The original owners of the land where the Villages is located still live in the same house in the villages that they lived in when the subdivision was just farm land. If you look closely driving around Butterfield parkway, you will see a lovely, older home behind a gate with large mature trees! The home was built in 1956.



Please keep in mind that there are specific costs when buying a home in Maricopa’s HOA communities that are not listed here. Each subdivision may have its own fees for community improvement, reserve contribution or working capital that will need to be addressed in the offer to purchase a home. HOA disclosure paperwork costs approximately $400 and that specific fee must be paid by the seller. The rest are negotiable.

If you are considering buying or selling a Maricopa property and have questions, please reach out to a Maricopa real estate expert.

 

Brian Petersheim is a Realtor with Homesmart Success. He can be reached at 602-206-9644 or  BrianPetersheim@gmail.com

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Sponsored content

By Dayv Morgan

Dayv Morgan

Considering Arizona’s abundant sunshine, rooftop solar panels are an appealing feature for homebuyers looking at a resale home.

Market indications show that the value of solar panels is often less than sellers hope for when selling, however. In the last 12 months, over 2,000 homes were sold in Maricopa through MLS. Of those, only 87 (4 percent) were listed as having solar panels; 63 were leased and 24 were owned.

According to DecisionData.com – based on two ZIP codes in Maricopa – let’s consider two scenarios: owned solar panels and leased solar panels.

Owned solar:
A residential 5kW solar system will save a Maricopa resident up to $111 per month. A 10kW system will double your savings. That’s significant given the dramatic increase in electrical power consumption in summer months due to A/C usage. Rising electricity costs and higher-than-average electricity usage means more opportunities for savings with solar even as rebates and incentives have decreased over the years. The average cost for a new system is $18,000–$20,000. When selling, the added value to the sale price amounts to only about $10,000. Nonetheless, it still only takes about four or five years to break even if you factor in the annual savings on electricity.

Leased solar:
Leased solar panels are technically not part of the home. Anyone buying the home may have to qualify with the solar company. Buyers may need a higher credit score than even the mortgage company requires to assume the lease, which may still have 15 years remaining. Homes with leased solar typically sell slower than homes with no solar, and may even sell for less. Furthermore, leased solar does not add value on the appraisal and lease payments often increase annually. Also, with most lenders, it increases a buyer’s debt-to-income ratio and, thus, decreases a buyer’s purchasing power.

Tips for selling:
Emphasize how much money you save. (Don’t be afraid to brag!) Provide buyers with written documentation on annual savings to help them understand kW and panel efficiency; they are more likely to see value if you can quantify the savings. Is it $100 per month? Three hundred? Include info in the MLS or leave a copy of recent electric bills on kitchen counter.

Help buyers recognize the value over the long term.

Dayv Morgan is a Maricopa Realtor and owner of HomeSmart Success. He can be reached at DayvMorgan@gmail.com.


This column appears in the August issue of InMaricopa.

 

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Photo by Raquel Hendrickson

The least expensive home sold in the city of Maricopa from May 16 to June 15 was a manufactured home in the Heritage District. Maricopa’s mixed-use heritage overlay was used a selling point, as homes within the overlay can be used as residential or commercial. The home was in the middle of an 8,000-square-foot lot.

  1. 45004 W. Garvey Ave.

Sold: June 9
Purchase price: $132,250
Square footage: 1,284
Price per square foot: $102.99
Days on market: 95
Builder: unknown
Year built: 1998
Bedrooms: 3
Bathrooms: 2
Community: Maricopa Manor
Features: Large lot, remodeled kitchen, new paint inside
Listing agent: Manuel Gauna, My Home Group Real Estate
Selling agent: R.C. Hard, Go Sold Realty

  1. 19220 N. Toledo Ave., Tortosa …………………….. $142,100
  2. 44823 W. Applegate Road, Alterra South ……… $152,000
  3. 46166 W. Sheridan Road, Maricopa Meadows . $153,000
  4. 36536 W. San Clemente St., Tortosa ………….…. $155,000
  5. 18883 N. Miller Way, Maricopa Meadows ….…. $155,000

    This item appears in the July issue of InMaricopa.

Photo by Raquel Hendrickson

The most expensive home sold in the city of Maricopa from May 16 to June 15 was a half-million-dollar looker on a lake in Province that is the priciest of the year. The large house on a large lot included a casita and a private pool. There were tons of upgrades, from flooring to window treatments. Though on the market for nearly nine months at $14,000 above its eventual selling price, the results were apparently worth the wait.

  1. 19815 N. Puffin Drive, Province

Sold: May 31
Purchase price: $505,000
Square footage: 3,102
Price per square foot: $162.79
Days on market: 253
Builder: Engle
Year built: 2006
Bedrooms: 4
Bathrooms: 4
Community: Province
Features: Orchid model with stainless steel appliances, formal dining room, fireplace, waterfront views, full master bedroom, granite counters, play pool, patio, guest house
Listing agent: William G. Menkhus, HomeSmart
Selling agent: Jill K. Dames, Realty ONE Group

  1. 22496 N. Sunset Drive, Cobblestone Farms ………… $375,000
  2. 18955 N. Falcon Lane, Glennwilde …………………….. $322,000
  3. 18620 N. Tanners Way, Smith Farms ……………….… $319,000
  4. 19131 N. Toya St., Senita ………………………………….… $319,000

This item appears in the July issue of InMaricopa.

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Brian Petersheim

The local and national real estate markets are constantly changing. Whenever I am out and about wearing my HomeSmart Success shirt at Gyro Grill or Fry’s, someone usually asks those six words “How’s the real estate market doing?”

If you are looking to buy or rent, then it can be hard to get the right house and the right deal by viewing houses part-time. The highly sought after upgraded, unique or pool homes may only last on the market for a few days.

Currently in Maricopa, we only have 2.1 months of supply compared to the 2.9 months of supply this month in 2016. Fewer homes are on the market, and those with distinctive floor plans and curb appeal will attract many of the same buyers.

Average days on the market for a Maricopa home is 82 days, with homes under $200,000 selling fastest averaging 56 days. TIP: Ask your local Real Estate agent to reach out to their colleagues about any upcoming listings and ask for a sneak peek if allowed.

If you are thinking of selling, then the market is currently in your favor. Consider doing an interior painting, carpet cleaning and decluttering for your showings. While the median price in Maricopa is $235,000, prices have increased 9.5 percent from Jun 2017 to June 2018. Opposite of the prices, actual supply of active homes listed is down 12.2 percent from June 2017 to June 2018. TIP: Tell your agent you want the home to hit the Multiple Listing Service on a Thursday to get the most traffic in the first few days because of the weekend.

Also, have the professional pictures done a couple of days in advance. They should be included when the listing initially goes live.
These are the numbers for the city of Maricopa for the week of June 12. These numbers only focus on the homes in HOA’ed subdivisions.

• 297 homes currently available for sale, not under contract, looking for offers
• 257 homes currently under contract (should close escrow within 45 days pending inspection, appraisal)
• 37 of the available homes have a built-in, private pool, which is huge when a buyer must have a pool and they are only seeing 12 percent of the homes available
• $164,500 = Least expensive home available. Notes: 3 bed/2bath plus den, 1,302 square feet in Tortosa, with covered patio and vaulted ceilings.
• $419,000 = Most expensive home available (non-Province) Notes: 4bed/3bath, 3,023 square feet, single story in Glennwilde on quarter-acre with heated pool, water fall, new owned solar, granite and two new air conditioners.
• 296 Regular/non-distressed listings
• 0 Short sale/pre-foreclosure
• 1 Foreclosed/Bank owned

Number of bedrooms- 297 available homes
• 2 bed-29 (mostly Province)
• 3 bed- 91
• 4 bed- 127
• 5 bed- 42
• 6 bed- 7
• 7+ bed- 1

Garage parking: of the 297
• 2 car- 208
• 3 car- 86
• 4 car- 3

Price ranges:
• $150,001-175,000—– 5
• $175,001-200,000—- 50
• $200,001-225,000—- 53
• $225,001-250,000—- 80
• $251,001-275,000—– 40
• $275,001-300,000—- 28
• $300,001-350,000—-26
• $350,001-400,000—-10
• $400,001-450,000—–3
• $450,001+ ————–2

Bottom line: The market is strong, and homes that are priced competitively are selling. Get out there and meet your new neighbor. Any questions about value or the market, please reach out to me.

Brian Petersheim is a Maricopa Realtor with HomeSmart Success. He can be contacted at 602-206-9644 or BrianPetersheim@gmail.com.

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Photo by Raquel Hendrickson

The most expensive home sold in Maricopa April 16 through May 15 was a lakeside house in Province that went for $375,000. That is a 2.8 percent increase in value since the last time the house was on the market in 2016 and just under $9,000 below the asking price. With a spacious floor plan and two master suites, the house included a back patio overlooking the water.

  1. 42419 W. Blue Suede Shoes Lane

Sold: May 15
Purchase price: $375,000
Square footage: 2,352
Price per square foot: $159.43
Days on market: 102
Builder: Engle
Year built: 2005
Bedrooms: 3
Bathrooms: 2.5
Community: Province
Features: Large kitchen, slate tile, great views, beautiful entrance courtyard and back patio, water softener, surround sound
Listing agent: Kim Gillespie, Coldwell Banker Residential Brokerage
Selling agent: Danielle M. Nichols, The Maricopa Real Estate Company

  1. 42403 W. Jailhouse Rock Court, Province, $362,500
  2. 20204 N. Snowflake Drive, Province, $362,000
  3. 44558 W. Venture Lane, Cobblestone Farms, $359,000
  4. 22076 N. Balboa Drive, Rancho El Dorado, $358,500

    This item appears in the June issue of InMaricopa.

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Photo by Raquel Hendrickson

The least expensive home sold in Maricopa April 16 through May 15 was a 20-year-old mobile home on a large lot in the Heritage District. It sold for $79,500. The property was last on the market in 2005, when it was priced at $120,000. This time, it sold in a little more than a month for its asking price.

  1. 19992 N. Condrey Ave., Maricopa Manor, $79,500

Sold: April 21
Purchase price: $79,500
Square footage: 1,216
Price per square foot: $65.37
Days on market: 36
Builder: Unknown
Year built: 1998
Bedrooms: 3
Bathrooms: 2
Community: Maricopa Manor
Features: Remodeled with new cabinets and counter tops, new fixtures, new paint, four parking spaces
Listing agent: Daniel Tate, Presidential Realty
Selling agent: Mark A. Roberts, HomeSmart Success

  1. 44980 W. Fred Cole Lane, Estrella Park, $132,000
  2. 36900 W. Mondragone Lane, Sorrento, $145,000
  3. 18600 N. Lariat Road, Glennwilde, $148,000
  4. 19285 N. Ibiza Lane, Tortosa, $151,000

    This item appears in the June issue of InMaricopa.

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Dayv Morgan

By Dayv Morgan

The heat is rising for renters who are navigating fewer options among ever-increasing prices in the city this year.

Investors are selling their rental properties to cash out on their equity. Canadian landlords are also benefiting from the local market by getting about an extra 25 percent return, thanks to the currency exchange rate.

These factors have helped create the decreased supply Maricopa has seen in recent years.

Through mid-May, only 23 listings were available to renters. All but one had been on the market less than 30 days.

Last year at this time, some homes were renting for $900. Today, no listings go for less than $1,100; and only three homes were available for less than $1,200 per month.

In a competitive market, landlords often get more than one application and can be more restrictive on their terms, like not allowing pets.

Tenants with less-than-perfect credit can increase their chances of getting approved by including with their application a referral from current and previous landlords. They could also offer to pay a higher security deposit – which, by state law, cannot exceed 1.5 times the monthly rent amount.

Buyers should be wary of advertised rentals on Craigslist or other classified websites that seem too good to be true.

In most cases, there is no cost for using a Realtor, and they can help make sure the home is not in foreclosure and that a legitimate lease is signed.

As rent prices go up, renters may want to consider buying, because payments will be about the same.  A $160,000 home can be owned for less than $1,200 per month.

Here is an estimated monthly payment breakdown at 4.75 percent interest for a Federal Housing Association Loan:

$819      Principal Interest
$108      Mortgage insurance
$125      Property taxes
$75        HOA
$60        Home insurance
$1,187

There are several mortgage companies in Maricopa that a potential buyer can sit down with for a free no-obligation credit evaluation.

Dayv Morgan is a Maricopa Realtor and owner of HomeSmart Success.
844-811-7653
DayvMorgan@gmail.com


This column appears in the June issue of InMaricopa.

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SPONSORED CONTENT

By Dayv Morgan

Dayv Morgan

As summer approaches and the weather warms up, the thought of having a backyard pool becomes more desirable.

But many people are hesitant to add one, thinking the cost is too great, and the return on investment will be too small when it’s time to sell.

In Maricopa, however, neither seems to be accurate. Most appraisers will say a pool adds $10,000 of value to a home.

In some parts of the Valley, pools are very common. Over the last month in Chandler, for example, almost 50 percent of the homes sold had a pool.

But in Maricopa, the number of properties with pools is quite low. Over the same 30-day period, only 22 of the 178 closed homes had pools (12.3 percent). Therefore, the added value is much higher than $10,000, often $25,000 or more in retail value.

So, what does it cost to keep cool?

A basic 80-foot perimeter pebble tec pool, with a maximum depth of 5 feet, should cost about $22,000, depending on the access to the yard. This means in most cases you will get at least a 100 percent return on investment.

If you add other pool features such as a waterfall, spa, in-floor cleaning system or heater, the price will jump quickly and the overall return for the pool investment will decline.

Another factor to consider is the “days on market” when you list your home for sale. Properties with pools tend to sell much faster than those without.

In the last month listings, Maricopa homes without pools took an average of 73 days to sell, while homes with pools sold almost twice as fast, in only 37 days.


Dayv Morgan is a Maricopa Realtor and owner of HomeSmart Success.

844-811-7653

DayvMorgan@gmail.com


This column appears in the May issue of InMaricopa.

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SPONSORED CONTENT

Dayv Morgan

By Dayv Morgan

While there is often a lot of focus on getting a home ready to sell by improving and cleaning the interior, what a buyer sees on the exterior is equally as important. When I take potential buyers to look at a home, they begin making their decision on whether they like the property from the moment they get out of the car. Here are some focus areas and simple things you can do to improve the first impression of your home:

Paint
Over time, the exterior paint will fade and make the house look older than it is. Instead of repainting a whole house, you can give it a fresh look by repainting the trim or “pop outs” around the windows. This shouldn’t cost more than a few hundred dollars but will vary depending on the size of the house.

Porch
As buyers are standing on the porch waiting for the front door to be unlocked, they are examining the area around them. Make sure the ground is swept, cobwebs are removed from the ceiling, and lights are dusted and cleaned of any bugs. Also invest $10 to $20 in a new welcome mat and give the front door a fresh coat of paint, if needed.

Lawn
The majority of homes have desert landscape, so if you have grass in the front yard it can really be a nice feature. However, this time of year, most lawns have grass that is still dormant from the winter and filled with weeds. If the grass does not look lush and green, then the buyer will assume it is too much work to maintain and view it as a negative. Replacing the existing grass with new sod is not that expensive — a professional landscaper can purchase and install it in a 10-by-20-foot area for about $300.

Flowers
A burst of color from some flowers can provide a nice accent amid all the shades of tan paint and rocks. Try adding two or three small pots with some flowers on the front porch. The majority of yards already have an automatic landscape watering system, and you could easily connect it so that they are watered and maintained without any extra effort.

Neighbors
The surrounding houses and yards can also impact the value of a home. If a buyer hears barking dogs or sees streets crowded with cars and unkempt yards, they won’t want to buy in that area despite how much they love the home itself. Unfortunately, you can’t pick your neighbors, but you have nothing to lose by politely asking them to keep their dog inside during the day or requesting they move the cars farther down the street until the home sells. And, even if you had to pay $100 for a landscaper to clean up someone else’s yard, it sure beats making a price reduction of $5,000 or more because the house isn’t selling.

Dayv Morgan is a Maricopa Realtor and owner of HomeSmart Success.
480-251-4231
DayvMorgan@gmail.com


This column appears in the April issue of InMaricopa.

Costa Verde is building homes in the Santa Rosa Springs development. Photo by Michelle Chance

A report by Phoenix-based consulting firm Applied Economics estimates Maricopa’s recent housing growth could be a sign of more to come. It projected 1,200 new housing units will be built every year for the next five years. If future construction projects become a reality, AE estimates the city could grow by 42,000 housing sites 20 years from now. To read the report submitted to Maricopa Unified School District, click here.

 


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