Your Tax Return: Bring it Home

Your Tax Return: Bring it Home | Simplifying The Market

This time of year, many people eagerly check their mailboxes looking for their tax return check from the IRS. But, what do most people plan to do with the money? GO Banking Rates recently surveyed Americans and asked the question – “What do you plan on doing with your tax refund?”

The results of the survey were interesting. Here is what they plan to do with their money:

  • 41% – Put it into savings
  • 38% – Pay off debt
  • 11% – Go on a vacation
  • 5% – Make a major purchase (car, home, etc.)
  • 5% – Splurge on a purchase

Upon seeing the research, The National Association of Realtors (NAR) wondered if this could help with a constant challenge cited by many people who wish to purchase a home – saving for the down payment.

In a recent post in NAR’s Economists’ Outlook Blog, they explained:

“With a sizable tax refund, the average American would have a decent down payment depending on which region or market you live in.”

They went on to add:

“Approximately 5 percent of all respondents indicated they would make a major purchase which does not seem like a lot. However, there is a bigger group 41 percent who see saving the tax return is best and that group could be potential home buyers if they are not already.”

In other words, putting that money toward purchasing a home is a form of savings.

Bottom Line

When one considers that first-time home buyers in 2016 had an average down payment of 6%, a decent tax return could go a long way toward the necessary funds needed for a down payment on a house. Or perhaps, the down payment needed by a son or daughter to make their homeownership dream a reality. How are you going to spend your return?  Give me a call for some ideas – J.P. Cook – 602-320-4253.

What’s Your Home Worth?

Search for Your New Home

2727 E University Drive Tempe, AZ 85288

$34,900
2 Beds
1 Bath
900 SqFt
Status Active
MLS # 6647807
Property Type Manufactured Home
Price Type --
Discover refined living at Sage Point's 55+ haven. This home has been completely renovated, offering luxury at a VERY affordable price. In 2023, the seller spared no expense, installing a new AC, roof, plumbing, range, and refrigerator, all for you to enjoy. Plank flooring creates an illusion of endless space, transforming this cozy home into a luxurious retreat. Picture yourself starting the day on the charming front porch or relaxing in one of two outdoor sanctuaries. Community amenities include a pool, fire pit, BBQ area, shuffleboard, dog park, billiards, cards, library, and fitness center. This is not just a home; it's a lifestyle. Don't miss this meticulously updated retreat.

5201 W Camelback Road Phoenix, AZ 85031

$34,500
2 Beds
1 Bath
9,448 SqFt
Status Active
MLS # 6586950
Property Type Manufactured Home
Price Type --
Great Housing Opportunity! This 2-Bedroom has an Arizona that can easily be converted Bedroom. Well kept, and clean, Covered Patio and Carport, Great Community with 2 Community Pools, Rece Center, Party Hall, Exercise Room, Library, etc..

327 S Cedar Street Saint David, AZ 85630

$32,000
1 Bed
1 Bath
624 SqFt
Status Active
MLS # 6672085
Property Type Manufactured Home
Price Type --
Clean and updated nice ADA friendly 624sq ft Manufactured 1 bedroom 1 bath home. In beautiful Sweet Springs mobile home park in St. David. Financing possibly available contact listing agent for more info.

702 S Meridian Road Apache Junction, AZ 85120

$32,000
1 Bed
1 Bath
384 SqFt
Status Active
MLS # 6672781
Property Type Manufactured Home
Price Type --
Lovely fully-furnished home in the gated 55+ community, Superstition Sunrise. Great price on this very clean and lightly lived in vacation home. Palms surround the home with picturesque mountain views. Community amenities include; clubhouse, indoor and outdoor swimming pools, billiards, pickle-ball, dog park, softball field, hair salon, activities/events and much more! Book your tour today!

530 S Alma School Road Mesa, AZ 85210

$30,000
1 Bed
1 Bath
612 SqFt
Status Active
MLS # 6620188
Property Type Manufactured Home
Price Type --
Welcome home to this adorable one bedroom/one bathroom home in the welcoming 55+ community of Alma Gardens! This home has been upgraded with new floors throughout, a handful of kitchen and bathroom upgrades, and more! Enjoy drinking your morning coffee on your screened in porch, or take a dip in the community pool! This home is ready for its new owner!

1804 W Tepee Street Apache Junction, AZ 85120

$30,000
1 Bed
1 Bath
728 SqFt
Status Active
MLS # 6657727
Property Type Manufactured Home
Price Type --
Check out this charming 1 bedroom & bathroom home in a gated 55+ community! Newer windows & laminate floors throughout the home. Roof, hot water heater & AC unit is less than one year old. Fenced in yard for your pup to play in. Covered patio and 1 car carport. 2 sheds on the property so plenty of room for your stuff. Come check out this home and make it yours today!

8421 E Main Street Mesa, AZ 85207

$30,000
3 Beds
1 Bath
920 SqFt
Status Active
MLS # 6661790
Property Type Manufactured Home
Price Type --
FULLY FURNISHED and previously had an easy life as a winter visitor home; very well maintained where it counts. Seller is motivated and will consider a redecoration credit or concessions. Located in the 55+ community of Brighthaven Estates, Land lease fee includes water, sewer, and trash. The community offers a clubhouse, heated pool/spa, pickleball courts, community kitchen and grills, Shuffleboard, library, a fenced in dog park, and events and activities. The property is also sub-leasable. Super convenient to the 202. Laundry room is a converted bedroom with window and closet. For you cooks, the wall oven has a gas broiler! Property was converted to a heat pump for efficiency. Both storage sheds convey. Fiberglass roof is long lasting and virtually unbreakable! This is a must see! How would you like to live in the community known as Brighthaven Estates?

303 S Recker Road Mesa, AZ 85206

$30,000
2 Beds
1 Bath
966 SqFt
Status Active
MLS # 6663205
Property Type Manufactured Home
Price Type --
Start your new chapter in this freshly remodeled, turnkey home in a gated, 55+ community that has a lot to offer! You will absolutely love the amount of storage space throughout this home which includes Built-In Display Cabinetry, Covered Outdoor Workshop, Patio and a detached Shed. Enjoy many fantastic upgrades including all NEW Interior and Exterior Paint, Split AC system, Lighting, Ceiling Fans, Faucets, Security Door... and so much more! The AC and HVAC were recently serviced for your peace of mind. What are you waiting for? Make it yours today!

530 S Alma School Road Mesa, AZ 85210

$30,000
2 Beds
1 Bath
500 SqFt
Status Active
MLS # 6672350
Property Type Manufactured Home
Price Type --
**Seller Financing Available** Adorable upgraded two bedroom/ one bathroom home in the welcoming 55+ community of Alma Gardens! This home has an additional flex room that is perfect for an office or craft room! Enjoy hardfloors throughout, paint inside and out, new light fixtures, new kitchen backsplash, and more! Welcome home!

7807 E Main Street Mesa, AZ 85207

$30,000
2 Beds
2 Baths
800 SqFt
Status Active
MLS # 6673989
Property Type Manufactured Home
Price Type --
This stunning property offers a perfect blend of comfort, style and location. With two spacious bedrooms, 2 full bathrooms, white cabinets, beautiful countertops and a large kitchen and seating area, this home provides an ideal living space for all homeowners! Located in Agave village, a 55+ community fully equipped with a clubhouse, spa, 2 large heated pools, pickleball court, pet park, firepit and much more, this home is hard to pass up!

2727 E University Drive Tempe, AZ 85281

$29,900
2 Beds
1 Bath
896 SqFt
Status Active
MLS # 6581889
Property Type Manufactured Home
Price Type --
MOTIVATED SELLER! Make an Offer! Welcome Home! This beautiful, well-maintained 2 bedroom, 1 bath manufactured home is waiting for you! Built in 1997, this home has updated kitchen cabinets and bath vanity! Kitchen,, Dining Room, Bath & Laundry area have laminate flooring! Living Room, Hallway, & Bedrooms are carpeted! Come enjoy this 55+ Gated Community with its many amenities, such as a recreation center, community pool, dog park, Bocce Ball lawn area, and Gazebo area! The current horsehoe courts are being replaced with an outside music entertainment area! Fantastic, central location is close to Everything! ASU, Tempe Town Lake, Tempe Marketplace, Riverview Shopping District and the Loops 101 & 202 freeways are minutes away!

4065 E University Drive Mesa, AZ 85205

$29,900
1 Bed
1 Bath
624 SqFt
Status Active
MLS # 6668636
Property Type Manufactured Home
Price Type --
Newly renovated home with beautiful interior and fenced in patio! This home is ready to welcome you into a cozy community. Enjoy heated pools, social clubs, library and pickleball all in a pet friendly 55+ community. Fresh oranges just outside too! This home has had the floorboards, bathrooms, kitchen and more updated. Priced to sell, this home is perfect for your move to Citrus Gardens!

Leave a Reply

Your email address will not be published.