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.

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2635 W Silver Streak Way Queen Creek, AZ 85144

$475,000
3 Beds
2.5 Baths
2,486 SqFt
Status Active
MLS # 6652308
Property Type Single Family Residence
Price Type --
This charming two-story home features a spacious layout with a downstairs half-bathroom and a convenient office space. The large loft upstairs is an ideal kids' playroom, offering ample space for creativity and play. Step outside to a beautiful pool, perfect for relaxation and entertainment. Located just minutes away from hiking trails, it seamlessly blends indoor comfort with outdoor adventure. Appliances, carpeting, and an air-conditioning unit were all updated since May 2023!

25576 W St Kateri Drive Buckeye, AZ 85326

$475,000
5 Beds
3 Baths
2,446 SqFt
Status Active
MLS # 6654815
Property Type Single Family Residence
Price Type --
Stunning turnkey and upgraded home with owned solar! Heated and cooled 9ft deep pool with waterfall. As you step inside this home the grand entrance into the formal living and dining room with 24X24 tile flooring and windows letting in the sunshine is the first thing you see. Kitchen features granite countertops, stainless steel appliances all LG with brand new built in microwave and walk in pantry. Upstairs features like new top of the line carpet. Primary bedroom and ensuite bathroom with re-surfaced counter tops, bathtub and shower, double sinks and lots of cabinetry. There are additional 3 guest bedrooms and a guest full bathroom with re-surfaced countertops and tub/shower. Large family room with stamped flooring, downstairs guest bedroom and bath with pedestal sink and a re-surfaced walk in shower. Backyard features the beautiful 4 1/2 year old pool with in floor cleaning system and large baja step and travertine surround, storage/workshop with full electrical, and two 1 year old Goodman Seer2 AC units! New exterior and interior paint!

3401 N 70th Avenue Phoenix, AZ 85033

$475,000
4 Beds
2 Baths
2,072 SqFt
Status Active
MLS # 6655663
Property Type Single Family Residence
Price Type --
This charming residence featuring a convenient RV gate & a 2-car garage in the Solar One Community is the one you've been waiting for! Prepare to be impressed by a spacious interior showcasing gleaming wood-look floor, designer color palette throughout, plantation shutters, striking vaulted ceilings, & a lovely fireplace perfect for spending cozy nights at home. The well-appointed kitchen boasts built-in appliances, pendant lighting, & wood cabinetry providing ample storage for your kitchen utensils. The primary bedroom offers a generously sized closet & a private bathroom complete with dual sinks. Discover the fabulous backyard including a full-length covered patio, a gazebo, built-in BBQ, & a relaxing fireplace! Don't miss out on this one!

374 S Verdad Lane Casa Grande, AZ 85194

$475,000
5 Beds
3 Baths
2,725 SqFt
Status Active
MLS # 6655302
Property Type Single Family Residence
Price Type --

12321 W Virginia Avenue Avondale, AZ 85392

$475,000
3 Beds
2 Baths
2,276 SqFt
Status Active
MLS # 6659605
Property Type Single Family Residence
Price Type --
BEAUTIFUL AZURE MODEL IN RANCHO SANTA FE! FEATURES: OVERSIZED CORNER LOT WITH A FULL SIZED RV GATE * 3 BEDROOMS 1.75 BATHS ( GUEST BATH HAS AN UPDATED WALK IN SHOWER)* DEN*TILE IN KITCHEN AND BATHS* UPGRADED WHITE CABINETS T/O*HUGE EAT IN KITCHEN W/ CENTER ISLAND AND TONS OF CABINET SPACE, PANTRY,WITH SLIDING DOOR, GAS STOVE, BUILT IN MICRO *FAMILY ROOM WITH WOOD / GAS FIREPLACE AND SURROUND SOUND*PLANTATION SHUTTERS* ALL THE OTHER WINDOWS HAVE ROLLER SHADES*LAUNDRY ROOM HAS DEDICATED WIRING FOR 2ND FRIG / FREEZER* 3 CAR GARAGE WITH 220 VOLT OUTLET FOR EV OR WELDER, EXTRA 110 OUTLET,UTILITY SINK*GORGEOUS BACKYARD WITH JUST THE RIGHT AMOUNT OF GRASS, DOG RUN* PAVERS, COVERED PATIO W/ STUCCO COLUMNS*NATURAL GAS HOOKUP* FLOOD LIGHTS * THIS HOME HAS MANY EXTRAS THAT YOU MUST SEE TO APPRECIAT

407 W Christopher Point Payson, AZ 85541

$475,000
2 Beds
2 Baths
1,526 SqFt
Status Active
MLS # 6660691
Property Type Single Family Residence
Price Type --
Gotta Love Payson Pines. A beautiful community adjacent to the National Forest where you can enjoy the tranquility of the surrounding landscape and take advantage of nearby trails for outdoor adventure. This 2 bed, 2 bath home is an original model. Lovely meadow views right out your large picture windows or while soaking in your hot tub A low HOA fee makes this a great ''Lock and Leave'' summer home of full-time residence. Comes partially furnished with recent upgrades including roof, hvac, water heater, and exterior stain. Embrace the comfort, style and nature in this charming home with modern amenities, all within the last two years.

27223 N 172nd Avenue Surprise, AZ 85387

$475,000
3 Beds
2.5 Baths
2,605 SqFt
Status Active
MLS # 6663557
Property Type Single Family Residence
Price Type --
This beautiful 3 bedroom, 2.5 bathroom home features an oversized den, living room fireplace, huge kitchen island, ample kitchen storage and a large open floor plan. The upstairs loft is perfect for a separate hang out space for the kiddos. It's spacious primary bedroom suite is complete with a double vanity, separate shower and tub, and a huge walk-in closet. The big beautiful backyard has been landscaped with pavers, a fire pit and low maintenance artificial turf, an awesome place for entertaining! The community is perfect for families and offers a children's playground, walking paths, and a heated community pool! It's also within walking distance of Desert Oasis Elementary

2682 N 158th Drive Goodyear, AZ 85395

$475,000
2 Beds
2 Baths
1,824 SqFt
Status Active
MLS # 6665928
Property Type Single Family Residence
Price Type --
Now here's a really nice home, situated on a cul-de-sac lot, and priced to sell. This is the ever-popular Newport model offering: 2 bedrooms, 2 baths, office, open concept living and more. The main suite is spacious with roomy bath and built-ins in the closet. All tile floors thru-out. The lot is connected to common area, so there's no walls to make you feel closed in. This is a well-cared for home that will be sure to please.

330 S Crazy Woman Road Benson, AZ 85602

$475,000
3 Beds
2 Baths
2,560 SqFt
Status Active
MLS # 6666471
Property Type Manufactured Home
Price Type --
Looking for a spacious property with ample shops and amenities? This 2560 sq ft Schulte manufactured home sits on 4.82 acres and offers upgraded windows and a completely tiled interior.AZ room and a family room. The property includes a 30 x 40 garage with a 3-car carport, a 40 x 60 metal shop with a dirt floor, and an additional 30 x 40 shop with a cement floor, totaling 4800 sq ft under cover. Also a 16 x 20 animal pin with a cement floor, perfect for 4H animal projects. The property is completely fenced. With 640 acres of state land across the paved street, this property offers a serene and spacious environment, ideal for working with horses or enjoying tending the Figs, citrus, apple, pear, grapes and the asparagus. No HOA, the whole neighborhood is paved, makes for less dust.

12530 N 174th Drive Surprise, AZ 85388

$475,000
4 Beds
3 Baths
2,012 SqFt
Status Active
MLS # 6667252
Property Type Single Family Residence
Price Type --
Unveiling the Stunning Larkspur model! Open floorplan, luxe ensuite in the primary bedroom. Built in 2022, this like-new single-story boasts 4 beds, 3 baths. Upgraded farm house sink and granite countertops. Fully landscaped front and backyard with a drip system and gorgeous plants. Your dream home is a tour away!

7790 W Emerson Drive Kirkland, AZ 86332

$475,000
3 Beds
3 Baths
2,593 SqFt
Status Active
MLS # 6668827
Property Type Single Family Residence
Price Type --
This ranch-style hilltop home has million dollar, panoramic views for miles, nearly 7 acres of fenced and gated land, outbuildings, and potential guest house! You will love your full views of both sunrise and sunset, as well as the vast and powerful mountain ranges that fill the horizon. The peace you will find while listening to the abundant wildlife is unmatched. All your toys and hobbies will find a home on this perfectly situated property on the paved county road. The home is nearly 2600 sqft - with 3 large bedrooms, 2 bonus rooms, 3 full baths, an open kitchen with pantry, plenty of cabinet space, dining room, living room, and huge climate controlled laundry room that can double as an office, media room, or bonus space. Add to that a large attached 2-car Garage that has tons of extra space with shelves and built-in counters, well house and well equipment, detached exterior 16x12 shed (included with full-price offer only), and 600 sqft storage building with the potential to become a guest house or rental. New roof, updated flooring, and more! see attached docs for a breakdown of upgrades/updates. This town is a well-kept Prescott area secret! This peaceful location will allow you to take a deep breath and reset! 25 minutes (17 miles) from downtown Prescott and less than an hour from Wickenburg. If you are looking for rural yet convenient, don't overlook Wilhoit!

648 E Cottontail Run Cottonwood, AZ 86326

$475,000
2 Beds
2 Baths
1,800 SqFt
Status Active
MLS # 6668849
Property Type Single Family Residence
Price Type --
2bedroom 2bath home with remodeled kitchen granite countertops, flat top stove, trash compactor, dishwasher, sink and faucet new can lighting. New flooring in living room , dining room. and kitchen. Bedrooms have new carpet. Both bathroom have been updated with flooring, medicine cabinets, mirrors, vanities, sinks and faucet. ceiling fans throughout rooms. Home has two bonus room and basement. 2 car garage .

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