What is a mortgage default?
A mortgage default occurs when a borrower fails to meet the terms of their loan agreement, typically by missing mortgage payments. According to LendingTree, "Your mortgage is considered to be in default after a payment is overdue by 30 days."
Arizona mortgage defaults and delinquency rates
According to a 2024 […]
Heat damage is bad news for any Phoenix homeowner. It's worse if you have plans to sell your house, especially if you’re in a competitive real estate market.
Phoenix has always been hot, but it has been getting hotter lately. According to research by Climate Central, Arizona has been the third-fastest warming US state for […]
Despite Phoenix’s arid climate, water damage to a house can pose a significant problem for homeowners. Whether it's due to leaking pipes, hot water heater failures, or broken appliances, it often starts as a small issue that gets worse over time. Sometimes, a major incident like a rough monsoon season or a house fire can […]
According to Redfin, “In 2023, approximately 38% of homebuyers in the metro Phoenix area opted to pay with cash, a significant increase from the 31% recorded in 2019. This data comes from ATTOM, a real estate data firm. Interestingly, around 60% of these cash buyers were individuals, while the remaining purchases were made by investment […]
Why does the type of real estate you sell make a difference in the process?
The type of property you own can affect your pool of buyers. Plus, each property type comes with its own set of challenges, from the traditional single-family home to duplexes, townhomes, and condos. Recognizing these challenges allows sellers to make […]
What does it mean to sell a house “as is”?
Selling a house “as is” in Phoenix means listing your property on the market without making any repairs or renovations. This option is ideal for those looking to skip the upfront expenses associated with home improvements. By selling a house “as is,” you aim to […]
Symptoms of foundation issues in Arizona
Foundation problems in Arizona are fairly common, mainly due to soil composition. Signs that your foundation is sinking or experiencing problems are:
Drywall cracks
Sloping floors
Leaning chimney
Doors and windows that are difficult to open and close
Cracks in the ceiling
Gaps in trim or molding
Uneven or […]
Bigger isn’t always better. Especially after retirement, keeping larger homes where families were raised often means empty rooms to heat, cool, and clean; large yards to maintain; high property taxes; lots of maintenance issues; and for some retirees, it means isolation.
It’s no wonder then that so many Phoenix seniors consider home downsizing a […]
Don’t fall for housing fraud in Phoenix.
Selling a house in Phoenix, Arizona but worried about falling for housing scams? You’re not alone. Unfortunately, rates of fraud in the state of Arizona are on the rise. According to Corelogic, property fraud risk alone has risen by 23% from 2022 to 2023.
But don’t worry. Having […]
Phoenix is the 5th-largest city in the United States and is the capital of the state of Arizona. This sunny metro is only a four-hour drive to the Grand Canyon and is home to more Native Americans than any other state in the Union. The Heard Museum in Phoenix is a great place to learn […]
