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Buying A Home | Elite Results Realty Blog

Tuesday, November 24, 2020   /   by Vyral Marketing

Can You Still Buy or Sell During the Holidays?

We believe the holiday season to be a great time to buy or sell.

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Is the real estate market dead during the holidays? Though the real estate market is typically slower during the holiday season, 2020 has surprised us in many ways; if you’re thinking of buying or selling a home soon, we expect now to be a great time to do so. If you sell during the holidays, you have the advantage of adorning your home with holiday decorations to boost its appeal. You can place a Christmas tree in the living room, string some lights along the home’s exterior, etc.
If you’d like to get started buying or selling a home this holiday season or have questions about our Greater Phoenix real estate market, don’t hesitate to reach out to Elite Results Realty. We’d love to help you. ...

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  buying a home, selling a home

Monday, October 26, 2020   /   by Vyral Marketing

Is It Better to Rent or Buy in Today’s Market?

Here’s a closer look at whether it’s a better time to rent or buy.

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Today we’re going to take a closer look at whether it makes more sense to rent or buy a home in today’s market. At 0:43 in the video above, you can see that back in the early 2000s, rental rates decreased as home prices rose. Under those conditions, renting was a more attractive option because it was cheaper in comparison to what it costs to buy.
"Rent is only going to go up over time."
If you take a look at what’s happening currently, the price per square foot is skyrocketing, making rental rates spike. The expectation is that the price you’d pay for rent today is less than what you’d pay a year or two down the line because that’s the trend. With a home purchase, you are able to lock in a 15- or 30-year rate so your payment stays the same for the duration of the loan. Re. ...

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  buying a home

Thursday, September 3, 2020   /   by Vyral Marketing

Why Is Now Such a Great Time to Buy a Home?

Despite rising prices, now is a great time to buy a home; here’s why.

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Many buyers in today’s market are wondering how they can afford homes when prices are going up so much. One thing to consider is that there is a difference between the price of the home and the actual cost of the purchase.
As you’ll see in the chart at 0:27 in the video above, the cost of owning a home has been going down or staying stagnant because interest rates have been very low. People in today’s market wish they could go back in time to purchase a home at a lower price than what it currently is, but our low interest rates actually provide the opportunity to buy a home for the same cost it would have been just a couple of years ago.
Simply put, our low interest rates have made buying homes more affordable. But why are rates this low?
The government has been printing money, and they’re . ...

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  buying a home

Monday, August 3, 2020   /   by Vyral Marketing

Can You Buy Your Dream Home With No Money Down?

You can buy your dream home with little or no money down. Here’s how.

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Are you looking to buy a nice, custom, or semi-custom home but you’ve found that prices seem a bit out of reach? There are two strategies I’ve learned from millionaires that will allow you to get the home of your dreams:
1. Buy a smaller, more affordable home now. Once you’ve bought a more affordable home, you can make improvements to it, pay down the principal, and watch the value increase over time. Once your equity has grown, you can then sell the home in the future, using your equity as a down payment to buy a new one.

2. Buy a second property that will earn you money by renting it out. By renting out a second property, you can put away a certain portion of the rent collected each month and then apply that toward the down payment on the home of your dreams. If you also choose to rent out your c. ...

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  buying a home

Monday, July 6, 2020   /   by Vyral Marketing

Should You Have Representation When Buying a New Build Home?

Should you have buyer representation when buying a new home from a builder?

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Some people think you can save money by not using an agent to buy a new build home, when in fact, that’s not the case. There are no cost savings if you purchase without an agent; if you go directly to the builder, they’ve already built in the commission. Sometimes, we can even negotiate a discount—I’ve negotiated $10,000 in savings on a new home from the builder when two representatives said that there was no way they could go under the list price. Those savings represented more than 3% of the new home’s value!
That’s why it’s so important to understand that the representative of the new home is there to protect the interests of the builder. They’re only there to get the most money possible for the builder.

Registering with a buyer’s agent is the best way . ...

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  buying a home