3 Questions to Ask If You Want to Buy Your Dream Home

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.

Ask yourself the following 3 questions to help determine if now is a good time for you to buy in today’s market.

1. Why am I buying a home in the first place? 

This is truly the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with money.

For example, a survey by Braun showed that over 75% of parents say “their child’s education is an important part of the search for a new home.”

This survey supports a study by the Joint Center for Housing Studies at Harvard University which revealed that the top four reasons Americans buy a home have nothing to do with money. They are:

• A good place to raise children and for them to get a good education
• A place where you and your family feel safe
• More space for you and your family
• Control of that space

What does owning a home mean to you? What non-financial benefits will you and your family gain from owning a home? The answer to that question should be the biggest reason you decide to purchase or not.

2. Where are home values headed?

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the median price of homes sold in December (the latest data available) was $232,200, up 4.0% from last year. This increase also marks the 58th consecutive month with year-over-year gains.

If we look at the numbers year over year, CoreLogic forecasted a rise by 4.7% from December 2016 to December 2017. On a home that costs $250,000 today, that same home will cost you an additional $11,750 if you wait until next year.

What does that mean to you?

Simply put, with prices increasing each month, it might cost you more if you wait until next year to buy. Your down payment will also need to be higher in order to account for the higher price of the home you wish to buy.

3. Where are mortgage interest rates headed?

A buyer must be concerned about more than just prices. The ‘long-term cost’ of a home can be dramatically impacted by even a small increase in mortgage rates.

The Mortgage Bankers Association (MBA), the National Association of Realtors, and Fannie Mae have all projected that mortgage interest rates will increase over the next twelve months, as you can see in the chart below:

Bottom Line

Only you and your family will know for certain if now is the right time to purchase a home. Answering these questions will help you make that decision.  Give me a call for some professional advice – J.P. Cook – 602-320-4253.

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16146 W Piccadilly Road Goodyear, AZ 85395

$529,500

3 Beds

3 Baths

2,137 SqFt

Status Active

MLS # 6659467

Property Type Single Family Residence

Price Type --

We are back & priced right for your vision! Welcome to the vibrant & luxurious 55+ adult community of Tuscany Falls in PebbleCreek. This stunning property offers the perfect blend of comfort & style set against the backdrop of golf courses, mountain views & striking Arizona sunsets. This is a spacious and welcoming Mandalay floor plan that combines elegance with comfort. The main home features 2 bedrooms/bathrooms, high ceilings & large windows that bathe the interior in natural light, creating an airy & inviting atmosphere. The covered patio has 5th hole golf & mountain views! The private entrance casita features a full ensuite, wet bar & closet. PebbleCreek is filled with activities & conveniences. Close to shopping, medical facilities, events, dining options & highway access.

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1901 W Pershing Avenue Phoenix, AZ 85029

$529,250

5 Beds

3 Baths

2,514 SqFt

Status Active

MLS # 6595175

Property Type Single Family Residence

Price Type --

Great 5 bedrooms with 3 bathrooms in great location .This 1-story beautiful Phoenix home offers mountain views, close proximity to 2 golf courses, large family/dining/kitchen area, separate formal living room, covered back and side patios, Enclosed patio/Arizona room (or bonus kids' game room), large backyard, mature landscaping, Double RV gates and RV parking (about 20ft Wide) Basketball area, covered storage shed in the side yard ,newer Kitchen come with counter top and newer cabinets newer appliances so beautiful house. Carport enclosed into large storage area. Enclosed Arizona room. Buyer to Verify all Information.

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18211 E Coronado Cave Court Rio Verde, AZ 85263

$529,000

2 Beds

2.5 Baths

1,679 SqFt

Status Active

MLS # 6691086

Property Type Single Family Residence

Price Type --

Welcome to this gorgeous home in Trilogy at Verde River! Boasting the Valletta Floorplan, a desirable well-thought out layout with 2 bedrooms, 2.5 bathrooms, an office, and a spacious great room. The gourmet kitchen offers Monogram Stainless- steel Appliances, Quartz countertops, and a kitchen island with a breakfast bar. The dining area has a multi-panel sliding door that seamlessly blends into the outdoors. You will love the bright and airy aesthetic of this well-maintained, move-in-ready home! The primary suite is lavish with an ensuite bathroom featuring a dual sink vanity, a tile shower, and a walk-in closet. The backyard offers a paved covered patio with a pergola extension with a mountain view. Do not miss out on this spotless home. The amenities at Verde River are World Class with Tom Lehman inspired eighteen-hole Golf course, tennis courts, pickleball courts, and bocce ball, heated lap pool and Resort style swimming pool, hot tub, Afterburn fitness center, Helen's demonstration Kitchen for cooking classes and a 7.5 acre dog park. The community center has casual poolside dining at Eddy's Diner and gourmet dining at award-winning Needle Rock Kitchen and Tap, Alvea Spa with full-service Salon and Spa amenities, Art Loft and events center. Trilogy at Verde River is adjacent to the Tonto National Forest and is situated in the middle of miles and miles of hiking and biking trails.

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2302 E Palm Lane Phoenix, AZ 85006

$529,000

4 Beds

2 Baths

1,800 SqFt

Status Active

MLS # 6623881

Property Type Single Family Residence

Price Type --

NEWLY REMODELED MOVE-IN READY HOME. Fully remodeled kitchen with white shaker cabinets, kitchen island, with quartz countertops and new stainless steel appliances. New ceiling fans and light fixtures throughout. Bathrooms have been fully remodeled with new vanities, lights, and hardware. New vinyl flooring installed throughout. Both exterior and interior of the home has been newly painted. Electrical and Plumbing has been updated. Centrally located in an up and coming neighborhood of Phoenix - just a quick drive to Downtown Phoenix, Tempe, Scottsdale, Arcadia, Biltmore, etc. Easy access to the 202 and 51 freeways. This is your new home!

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17156 W Lachlan Court Surprise, AZ 85387

$529,000

2 Beds

2 Baths

1,958 SqFt

Status Active

MLS # 6632494

Property Type Single Family Residence

Price Type --

Del Webb Borgata Floor Plan with 2 bedrooms, 2 Baths Plus Den, Split Bedroom Configuration and Full THREE Car Garage. Inside features, Stainless Kitchen Appliances, Gas Range, Bay Window in Breakfast Nook, Bay Window in Master Bedroom, Two Sinks in Master en-Suite Bath, Den Extended by Four Feet, Decorator Paint Colors with Accent Walls, Raised Panel Doors, Plantation Shutters, Skylights, Inside Laundry, Extended Patio with Knee-High Wall, Built-In Outdoor Kitchen, 2023 Trane Air Conditioner and Furnace, Water Heater Replaced, Water Treatment System, and Built-In Garage Cabinets. Backyard is fabulously private!! Borgata Model, 1958 SQ FT Built in 2003 2023 Property Tax $2,551 2 Bedrooms, 2 Baths Plus Den Split Bedroom Configuration Full THREE Car Garage Stainless Kitchen Appliances Gas Range Corian Counters Bay Window in Breakfast Nook Bay Window in Master Bedroom Two Sinks in Master en Suite Bath Den Extended Decorator Paint Colors with Accent Walls Raised Panel Doors Plantation Shutters Skylights Inside Laundry Extended Patio with Knee-High Wall Built-In Outdoor Kitchen 2023 Trane Air Conditioner and Furnace Water Heater Replaced Whole House VORTECH Water Treatment System Built-In Garage Cabinets Rain Gutters

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3502 W Ironwood Drive Phoenix, AZ 85051

$529,000

4 Beds

2 Baths

2,452 SqFt

Status Active

MLS # 6642009

Property Type Single Family Residence

Price Type --

***MOTIVATED SELLERS*** PLEASE BRING ALL OFFERS!!!! Luxurious and full of upgrades, this immaculate 4-bedroom, 2-bath home is sitting at 2452 sq. ft. spacious enough to accommodate your entire family. The multiple front entrances will lead you into both the Arizona room and Livingroom areas. From there you will walk into the beautiful kitchen which is complete with Stainless Steel Appliances and attached to a huge formal dining room for those nice big family dinner nights. You'll then enter into the additional add on bonus rooms which will lead you to the fully fenced oversized backyard with a gorgeous sparkling pool and plenty of space for entertaining all your Family and Friend. Easy access gates on both sides of the yard with an area for storage, trailers, toys or even parki The front yard offers plenty of room for parking on either side of the home as well as the front driveway. New paint and tile throughout the home with new epoxy floors in all the bedrooms for that extra lavish look! You don't want to miss out on this one! Come see it before it's gone!

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7921 S 26th Drive Phoenix, AZ 85041

$529,000

4 Beds

3 Baths

2,327 SqFt

Status Active

MLS # 6660211

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the heart of Silva Mountain! This captivating 4-bed, 3-bath gem greets you with soaring 18+ft ceilings and spacious elegance. The chef's kitchen features espresso cabinets, a gas cooktop, double wall oven, and travertine stone backsplash. With two living areas and dining spaces, plus prewired surround sound, entertaining is effortless. Enjoy travertine flooring downstairs, plush carpeting upstairs, and 9-ft ceilings throughout. Outside, revel in mountain views, an extended driveway, RV gate, firepit, raised garden bed, and more. This meticulously maintained home offers a lifestyle of luxury and convenience - make it yours today!

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16042 W Roanoke Avenue Goodyear, AZ 85395

$529,000

2 Beds

2 Baths

2,244 SqFt

Status Active

MLS # 6660777

Property Type Single Family Residence

Price Type --

Fabulous open floor plan offers more flexible living spaces, vaulted ceilings. ADDED BONUS OF OWNED SOLAR & FRESHLY PAINTED INTERIORS. Spacious kitchen & delightful eating area. Beautiful, engineered wood flooring (tile in kitchen & baths). Generous sized master suite with sitting area, ¾ bath, dual sinks & walk in closet; guest bedroom also with walk in closet; full bath; large laundry/hobby room with addtl. cabinets & counter space, washer & dryer (incl); garage with overhead storage & golf cart parking space. Located on a quiet walking path and close to Tuscany Falls amenities. Home is ready for you to move in and start enjoying the active PebbleCreek lifestyle!

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2362 W Sierra Vista Drive Phoenix, AZ 85015

$529,000

4 Beds

2 Baths

1,828 SqFt

Status Active

MLS # 6671901

Property Type Single Family Residence

Price Type --

Newer home built in 2018 with lots of upgrades. Spacious home features 4 bedrooms, 2 bathroom, 2 car garage. Tiles floors and laminated wood in the bedrooms. Upgraded cabinets, quartz countertops, huge walked in shower, double sinks in the master bedroom. Covered patio and extra wide RV gate.

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15053 W Turney Avenue Goodyear, AZ 85395

$529,000

4 Beds

2.5 Baths

2,708 SqFt

Status Active

MLS # 6672249

Property Type Single Family Residence

Price Type --

Step into modern comfort with this 2-story, 4-bedroom, 2.5-bathroom home ideally situated near I-10 and 303 highways. The freshly painted exterior invites you in, hinting at the care taken throughout. Inside, the kitchen steals the spotlight after a recent remodel, showcasing granite countertops, painted cabinets, and a new sink. The practical mix of wood and tile flooring flows seamlessly, providing a stylish and low-maintenance living space. Surround sound systems inside and outside create an immersive audio experience for both indoor and outdoor living. Each bedroom features walk-in closets for ample storage, and the updated bathrooms add a touch of luxury. The main bathroom boasts a granite countertop and painted cabinets, while the second bathroom features a granite countertop. Other updates include and new water heater and new yard watering system, both installed in 2023. A wired security system ensures peace of mind. A separate den/office adds versatility to the floor plan. The backyard is a true retreat, featuring a lush lawn, covered patio running the length of the house, and a double gate for added convenience. The laundry room includes a sink hook-up, adding practicality to the daily routine. This home effortlessly combines contemporary living with a prime location, offering a perfect blend of style and substance. Don't miss the chance to make it yours!

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10142 E La Palma Avenue Gold Canyon, AZ 85118

$529,000

3 Beds

2.5 Baths

1,968 SqFt

Status Active

MLS # 6674208

Property Type Single Family Residence

Price Type --

Custom built home with NO HOA and Tons of Dinosaur & Superstition Mountain Views!! Lots of fine details inside and out of this house from the wrought iron gated front courtyard with lots of pavers, into the rock faced rotunda entry, through the house to the backyard with a huge Alumiwood patio cover, lots of pavers, large synthetic grass area all to sit out and enjoy the never-ending views! The interior of the home feels like your own private castle with all the custom finishes including the floor tile throughout, paint accents, granite counters with island and extra bar top sitting, rock fireplace, double ovens, wine fridge, coffered ceiling designs, lighted niches, low & no step walk in tiled showers, custom drapes and valances with a nice open & split floor plan. The good size garage has a easy to use custom screen wall with a door on a garage door track just below the garage door to keep the good weather in and the bugs out. Also in the garage is a separate work shop/office area that has a window and a wall a/c unit for hobbies or extra storage. Furniture and decor are available on a separate bill of sale.

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810 W Josam Circle Coolidge, AZ 85128

$529,000

3 Beds

2.5 Baths

2,236 SqFt

Status Active

MLS # 6676713

Property Type Single Family Residence

Price Type --

Charming 3-bed, 2.5-bath + Den for office/hobby room home on a corner lot! No HOA. Displaying a low-care front yard w/artificial turf, paver driveway & pathway, & 3-car garage. The open layout showcases modern light fixtures, plantation shutters, & wood-look flooring w/carpet in bedrooms. Great room opens to the kitchen area for easy entertainment. The gourmet kitchen boasts SS appliances, white shaker cabinets, subway tile backsplash, quartz counters, & island w/breakfast bar. Versatile den w/contemporary barn door! Main bedroom has an ensuite w/dual sinks, separate tub/shower, & huge walk-in closet. Spacious backyard w/covered patio, RV gate, & storage sheds! Upgraded epoxy garage flooring. Professional insulation throughout home & garage for a quiet & cool environment. Visit now!

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