If you need assistance, please call 480-845-0048

Buying A Home | Elite Results Realty Blog

Thursday, October 28, 2021   /   by Vyral Marketing

Renting vs. Investing in Real Estate

Since rent prices have gone crazy, should you invest in real estate now?



Today we’ll discuss what is happening with rental prices. Many people are considering whether to rent or buy a home, and many investors are wondering if they should invest in real estate right now.
Rental prices have increased by 26% over the last two years. Conversely, rental prices in the MLS had only increased 28% percent over the last 19 years before that. In just two years, rental prices have increased at a rate that previously took 19 years. That's a lot higher than the current inflation rate.
What's interesting is that at the peak of the real estate bubble, rents were actually declining and then stayed flat for several years after. Low fixed interest rates are a huge benefit to buying now. The monthly mortgage payment will stay the same, whereas you can expect your rent to increase every year. Investors are also enjoying having fixed low mortgage payments as their tenants’ rents incre. ...

Read More


  buying a home, real estate investing

Thursday, October 14, 2021   /   by Vyral Marketing

3 Reasons to Get Pre-Approved Before Buying

Here’s why you should get pre-approved before looking at homes.

Want to buy a home? Search All Homes
Want to sell your home? Receive a Home Value Report
Why is it important to get pre-approved before viewing properties? There are three main reasons:
First, you need to know how much you qualify for and can afford. Your lender will tell you how much you qualify for based on a combination of your credit score, income, and debts. How much you can afford solely depends on what fits into your monthly budget for living expenses.
Second, getting pre-approved early will help you identify all of the property’s purchasing costs before growing attached to it. When sellers have multiple buyers interested in their home, they can be pickier with who they allow to walk through it. Many sellers don’t want to allow buyers to walk through their homes without a pre-approval letter or documented proof of funds.
"You need to know how much you qualify for and can afford."

Third. ...

Read More


  buying a home

Monday, September 13, 2021   /   by Vyral Marketing

How To Use Good Debt to Your Advantage

An explanation of the difference between good debt and bad debt.

Want to buy a home? Search All Homes
Want to sell your home? Receive a Home Value Report
Most people think of debt as something you want to avoid, but is this always the case? Today we want to talk about the difference between good debt and bad debt.
The main question you should ask yourself is, “Does this debt pay for itself?” If the answer is yes, then it’s good debt. Most consumer loans, such as credit cards, car payments, and payday loans, are what we would consider bad debt because they do not pay for themselves. A trickier example is student loan debt. If the education nets you a high-paying job, then it could be considered good debt. However, this is not always the case.
"People think you need a ton of money to invest in real estate, but that's not necessarily true."

Most financial experts would consider home loans to be good debt because you replace what you would pay for rent wi. ...

Read More


  buying a home, real estate investing

Tuesday, July 27, 2021   /   by Vyral Marketing

Can You Still Buy a Great Home After You Sell?

My advice on how you can find a great home after selling.

Want to buy a home? Search All Homes
Want to sell your home? Receive a Home Value Report
Today, we’re living in one of the craziest seller’s markets I have ever seen. You would think this means now is a great time to sell your home, but a lot of clients have told me they’re worried they won’t be able to find a great home once they’ve sold. Can you still find a great home in today’s market?
From personal experience, the answer is definitely yes. We’ve helped loads of clients seamlessly transition from selling their old home to living in their new home. They didn’t have to settle for something they didn’t really want, and they didn’t have to pay way out of budget to do it.
For example, we had a recent client who needed to sell before they could purchase their new home. However, in today’s hot market, it’s really difficult to get your offer accepted if. ...

Read More


  buying a home, selling a home

Tuesday, June 1, 2021   /   by Vyral Marketing

How We Help Homebuyers Succeed in Today’s Market

It’s still possible for buyers to win in a seller’s market.

Want to buy a home? Search All Homes
Want to sell your home? Receive a Home Value Report
It’s a tough market for buyers right now. Competition is fierce, as there’s incredibly high demand but very few homes available to go around. Many buyers are trying to find ways to make their offers stand out, such as by writing letters about why they need or want the home. However, there are better ways to make an offer that wins you the home of your dreams.
These are a few things that have worked well for our clients recently. In one case, we were able to find a home within the first 15 minutes of it being listed. This meant we could put in a strong offer early and negotiate terms before anyone else even knew it existed. We were under contract within a few hours, and we even beat offers that were thousands of dollars higher than ours.
In another situation, we were waiting for weeks to find a home that mat. ...

Read More


  buying a home