Buy Your Home Today: Understanding Why It’s a Bad Idea to Try and Time the Mortgage Market

Buy Your Home Today: Understanding Why It's a Bad Idea to Try and Time the Mortgage MarketIt’s often the case that people will opt to postpone home ownership until the best rates are available or it’s a more stable investment, but in an ever-shifting market it may not be the best decision to put such a sizeable investment off. If you’re wondering whether or not you should put off investing in a home, here are some reasons you may want to start putting your time into searching for a home.

Interest Rates Always Fluctuate

While interest rates are constantly changing and have certainly risen since the economic recession of 2008, they still remain relatively low and this can make investing in a home an even better financial decision. There are no certainties that market rates will remain low, but given a lower monthly payment and the easier qualifications nowadays to acquire a loan, the present may be the best time to start investing in your own place.

Investing Early Reaps Financial Rewards

It’s easy enough to wait for a lower home price or even improved interest rates, but there is no guarantee that the market will shift down. In the meantime, you may be spending at lot of your monthly paychecks on rent. If home ownership is one of your goals in life and you’re living month to month with a high rental payment, investing money into a home is a sure way to gaining equity for the future, even in the event that the market shifts up.

It’s A Good Time To Buy

When it comes to the market, there may always be a time coming when you’ll get a better deal, but the fact remains that homes tend to remain on the market a lot longer these days and it’s largely a buyer’s market. There are no guarantees that you’ll be able to find the house you want at the price you can afford, but there are a lot of good deals to be found these days and investing sooner is an opportunity to reap financial rewards down the road.

Many people hold off on home ownership because they are waiting for prices to come down or interest rates to change, but the sooner you invest in a home, the more you can benefit from investing into something that is entirely your own. If you’re currently perusing the market for a home at a price you can afford, give me a call – J.P. Cook – 602-320-4253.

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2739 E Windsor Avenue Phoenix, AZ 85008

$500,000
4 Beds
3 Baths
1,544 SqFt
Status Active
MLS # 6609476
Property Type Single Family Residence
Price Type --
Centrally located 3bd/2ba Main house with 230 sq ft guest house with a bathroom and no HOA. Close to hospitals, AZ Center, sports stadiums, symphony hall, light rail, parks, airport and hiking nearby at Camelback Mtn. The home has a welcoming great room that leads right into the beautifully updated kitchen with quartz countertops, pendant lighting, stainless steel appliances and tile/vinyl throughout the whole downstairs. The primary suite is downstairs with a large walk-in closet and its own ensuite. Stairs were redone with vinyl. The upstairs has 2 bedrooms with walk-in closets and a hall bathroom. Guest house has its own AC unit, bathroom, and beautiful vinyl flooring. Roof replaced 2022 & new AC on the main house in 2019.

728 E Payton Street San Tan Valley, AZ 85140

$500,000
4 Beds
3 Baths
2,561 SqFt
Status Active
MLS # 6620924
Property Type Single Family Residence
Price Type --
Welcome home to this beautiful and popular 2 story house located in The Pecan Creek Sub-Division of Queen Creek. This home has been recently restored with new cabinets, GRANITE counters up and down,, and ceramic plank flooring tiles in all bathrooms, laundry, kitchen and all other wet areas. All new carpet and paint throughout. Walk into the large living room, with an open concept kitchen and family room. There's an office and bathroom downstairs, perfect for work from home. Upstairs you'll find large size bedrooms with a large loft having plenty of space for a family recreation room. The full house width covered back patio is extra wide looking onto a oversized back yard. Store your tools and other frequently used item in the large storage cabinets in the garage.

1250 N Abbey Lane Chandler, AZ 85226

$500,000
3 Beds
2.5 Baths
2,150 SqFt
Status Active
MLS # 6636880
Property Type Townhouse
Price Type --
Absolutely gorgeous home located in a gated community. Great location near IKEA and the I10 freeway. Enjoy all the amenities of the community, which include a gym, pool, dog park and more! Lots of shopping nearby, you wont want to miss this one!

11937 W Nadine Way Peoria, AZ 85383

$500,000
4 Beds
2.5 Baths
2,204 SqFt
Status Active
MLS # 6639099
Property Type Single Family Residence
Price Type --
This is a well maintained home with updates in all the right places. Enjoy the wonderful living spaces & beautiful surroundings. 4 bedrooms with 2.5 bathrooms. Freshly painted exterior, interior, cabinets. Fresh carpet in bedrooms, & an upgraded primary bathroom. Spacious corner lot, with a cul- de-sac at the end of the street. Bay window in primary bedroom & the dining room. Slide out kitchen shelfs. The exterior has a paver patio, gas stub at patio, sunscreens & gutters too! Be sure to check out all the amenities that Vistancia has to offer. From Pickleball & tennis to a community waterpark there's something for everyone! Minutes away from the grocery store & all of the new development coming nearby! Ask us how to buy down your rate or cover closing costs! Vistancia amenities include: 8,000-square-foot indoor basketball gymnasium featuring pickleball courts and an adjoining entertainment lounge and game room Three swimming pools, a resort-style pool with waterslides, and a heated lap pool Outdoor event lawn for small-concert venues, community events, outdoor exercise classes, and lawn games Four lighted tennis courts Multipurpose space for meetings, gatherings, and events Movement studio with Fitness On Demand classes Teen game room Card and Craft room Catering kitchen

2210 E Marmora Street Phoenix, AZ 85022

$500,000
4 Beds
2 Baths
1,712 SqFt
Status Active
MLS # 6638117
Property Type Single Family Residence
Price Type --
All New plumbing, New sewer line, New Electrical & New Electrical Box! NEW ROOF 2023 and all new AC ducting! Great home on a cul-de-sac lot! This 4-bed, 2-bath completely remodeled home. Bright and open kitchen features custom cabinets, quartz counters, and stainless steel appliances. Spacious primary suite with a gorgeous bathroom, complete with double vanity and walk-in shower! The serene backyard oasis offers a covered patio, fire pit, and stunning mountain views. No HOA.

7131 E Rancho Vista Drive Scottsdale, AZ 85251

$500,000
1 Bed
1 Bath
780 SqFt
Status Active
MLS # 6642156
Property Type Apartment
Price Type --
Welcome to Old Town Scottsdale and the premium Optima Camelview Village. This 1 bedroom, 1 bathroom 2nd floor condo features 780 sf and 1 titled underground parking space. The condo is being offered for sale fully furnished and turn key. The monthly HOA dues includes water, sewer, trash, gas, and DirecTV satellite. Owner pays for electric and WiFi on top of HOA dues. New carpeting installed March 2022. Well maintained condo in a great location in the community! Highly amenitized condo complex featuring indoor and outdoor pools with spas, putting green, racquetball and basketball/pickleball courts, fitness center, steam rooms, dog park, concierge office, business center, onsite restaurant, and many other onsite businesses. It's truly an amazing place to live! FITNESS CENTER: One of the most popular amenities is the 24,000 SF fitness center with a glass wall overlooking the pool. It is fully equipped with cardiovascular and strength training equipment, a range of free weights, and balance balls. There is also a separate workout studio for practicing yoga, dancing, etc. INDOOR POOL: Come winter or summer, sunshine or rain and enjoy the heated 75'x25' pool, with two spas and lounge chairs. The pool is handicapped accessible with a swim lift. BASKETBALL & RACQUETBALL COURTS: For some competitive sport, join family, friends or neighbors at the racquetball or basketball courts available on a first come first serve basis. LOCKER ROOMS & STEAM ROOMS: The men's and women's locker rooms with steam rooms and showers are conveniently located in the corridor on either side of the indoor pool. PARTY ROOM: Residents may use the party room as a gathering place for business or pleasure at no charge for 10 or less persons - since no reservation is required others may also be using the space. Free WiFi is available in the party room. With an attached catering kitchen, the party room can be reserved for functions for a fee and holds up to 245 persons. OUTDOOR SWIMMING POOLS & SPAS: Whether you're swimming, sunbathing or just chilling outdoors after dark, there's plenty of room for all at the two outdoor pools open 6 am - 11 pm daily. The East Pool has a separate kiddie pool and spa, cushioned lounge chairs and two BBQ grills. The West Pool has a separate spa, cushioned lounge chairs and one BBQ grill. PUTTING GREEN: There is never an off-season for golf in Scottsdale so bring your clubs and practice your precision strokes. Located on L1 near the center of the promenade. PRIVATE DOG PARK: The community has a private dog park for use by residents is located on the northwest corner of E Rancho Vista and Scottsdale Road. BUSINESS SERVICES: The business center at Concierge Services provides a computer workstation with free Wi-Fi, fax and copy services. The Conference Room is located on L2, near the Fitness Center entrance. CONCIERGE SERVICES: Located on L1 - on the west side of the promenade near the Rancho Vista entrance/exit, Concierge Services is equipped to handle many of your personal needs such as theater tickets, restaurant reservations, parcel acceptance, and much, much more.

503 N 32nd Place Phoenix, AZ 85008

$500,000
3 Beds
2 Baths
1,392 SqFt
Status Active
MLS # 6643550
Property Type Single Family Residence
Price Type --
Newly remodeled home, fully furnished on HUGE LOT zoned R5 Multi-family. Fantastic development opportunity, GREAT Value Add Opportunity and EXTRA Land to build additional units. Minutes to downtown.. minutes to sky harbor airport. Recent improvements include newer flooring, paint, window and door package, vanity, tiled bath surrounds, plumbing and light fixtures, A/C unit, water heater, New brick fencing etc. Attached 288sf guest quarters with it's own separate entrance. Don't miss this Great Investment Opportunity...

4608 E Desert Drive Phoenix, AZ 85044

$500,000
2 Beds
2 Baths
1,596 SqFt
Status Active
MLS # 6645498
Property Type Townhouse
Price Type --
Single level Garden Home in the Pointe South Mountain. Situtated in back of the community on a cul-de-sac. Home features 2 bedroom split for plan with a den/office. Both bedrooms have walk in closets. Both bathrooms updated. Flooring is 16x16 Travertine in all main living areas and carpet in bedrooms. Fireplace has been converted to gas. Relax in the spacious outdoor patio area with views of south mountain. Pointe community features 4 pools, 2 of them are heated. Walking path to South Mountain just steps away.

6833 E Osborn Road Scottsdale, AZ 85251

$500,000
2 Beds
2.5 Baths
1,424 SqFt
Status Active
MLS # 6648523
Property Type Townhouse
Price Type --
This stunning 2-bed, 2.5 bath town home is calling your name! Completely remodeled from top to bottom, this property showcases new light fixtures, a gas range, granite countertops, and a spacious outdoor patio that is perfect for entertaining. Minutes away from shopping, top tier restaurants, museums, the Scottsdale Stadium, golf courses and more, this property is truly in the heart of beloved Scottsdale.

6620 N 418th Avenue Tonopah, AZ 85354

$500,000
4 Beds
2 Baths
2,720 SqFt
Status Active
MLS # 6668546
Property Type Single Family Residence
Price Type --
Welcome to your dream home in Tonopah AZ North of I-10! This stunning four-bedroom, two-bath split-level residence is situated on a sprawling acre lot, offering the perfect blend of space and serenity. The exterior boasts a three-car garage, a shed, and 2 gazebos, providing ample room for storage and outdoor enjoyment. Step inside, and you'll be greeted by a spacious family room, creating an inviting atmosphere for relaxation and entertainment. The well-appointed kitchen is a chef's delight, featuring an abundance of cabinet space and a generously sized pantry for all your culinary needs. Throughout the home you will find custom shutters and sun screens on all windows. A unique feature of this home is the versatile formal dining room, which can double as an office or playroom, , catering to your family's dynamic lifestyle. The four bedrooms provide comfort and privacy, making it an ideal home for families or those who love to host guests. The master suite offers a tranquil retreat with a sitting room and built in Library. The master bath is large with double sinks a separate garden tub and shower. The laundry room is equipped with cabinets, clothes folding area and a sink. Enjoy the beautiful weather and mountain views on the covered back patios, perfect for outside dining or simply unwinding. Shared well access ensures a reliable water supply for your household needs. This home is more than just a house; it's a haven where comfort, style, and functionality converge. Don't miss the opportunity to make this gem yours!

16254 W Tuscany Way Surprise, AZ 85374

$500,000
2 Beds
2 Baths
2,035 SqFt
Status Active
MLS # 6664856
Property Type Single Family Residence
Price Type --
Welcome to this beautifully updated single level golf course home in the highly desirable community of Sun City Grand. As you enter the home you are greeted with a wall of windows framing the beautiful golf course views, an open floor plan with fresh neutral colors and rich travertine style tile. The over sized master bedroom boasts bay windows, a huge walk in closet and recently remodeled bathroom with granite countertops and walk in shower. Venture down the hallway to the chef's kitchen with Island, granite countertops, stainless steel appliances that all look out to the warm and inviting family room with stacked stone gas fireplace. Whether you would like the privacy of your quaint front patio or the wide open views on your back patio of the 17th tee box of the Desert Springs Golf Course, this home provides you the canvas to enjoy the amazing outdoor living that Arizona has to offer! Welcome to your next Home Sweet Home!

3444 E Lance Lane Phoenix, AZ 85018

$500,000
3 Beds
3 Baths
1,651 SqFt
Status Active
MLS # 6666041
Property Type Townhouse
Price Type --
Qualifies for LOW INTEREST RATE OPTION! Designer swaggy townhome has the feel of luxury and comfort w/ soaring 20-foot ceilings and impressive art walls. Highly profitable Airbnb for investors! 3 bedroom, 3 bathroom home features updated floors, light fixtures, and a modern kitchen and layout great for a first time buyer and family as well. The 2-car garage provides ample storage space, and the rooftop deck offers breathtaking 360-degree views of Camelback Mountain, Piestewa Peak, South Mountain, and downtown. Residents have access to the community pool and spa, and the low HOA fee includes internet. The property is close to shopping and entertainment, including Biltmore Fashion Park and just a short drive to Sky Harbor Airport, downtown Phoenix, and Old Town Scottsdale.

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