Paradise Valley Weekly 330th Edition - Oct 22, 2016 |
| | Nobody wants to be stuck paying for two homes when they need only one. The conundrum of whether to buy a new home first, or to list the existing home first, hits almost everyone at some point.
There are several factors to consider to make the optimal decision, including broad market factors, specific financial circumstances, and the characteristics of the properties in question.
***
Pundits have been saying for years that the millenial generation doesn't want to own anything, including homes. They'll just rent forever, so the conventional wisdom said, reducing demand for single family homes.
Turns out not to be true, the millienials are driving the housing market. A more realistic reason for their under representation as buyers in the past has been they simply couldn't afford it.
Half of home buyers are now under the age of 36. First timers are the majority of people planning to purchase a home in 2017. Should be an interesting year. Please click here for more detail on this story from Bloomberg. |
| ***
Take Advantage of the Slow Season to Scoop Up a Bargain
5 bedrooms, guest house, lovely yard and big garage on a quiet street for under $1.65 million. Please click here to view the photos or schedule a showing. |
| | ***
Closings A little over $7.3 million in single family homes closed this week, up from previous weeks but still typically slow for this season. Listings 15 new listings this week, with two standouts:
Large Contemporary Home Priced to Sell This home had been listed previously for over $1 million more than its current asking price of $3 million. Built in 2008, it's over 8,700 square feet with contemporary lines and bright, open spaces throughout. If you like contemporary and are looking for a deal, this should be on the short list -- and another property for that matter. Please call me at (480) 442-7325 to discuss.
Privately Gated Estate with Dramatic Views of Camelback This 6 bedroom custom home sits on a flat oversized lot with exceptional Camelback views. It has been extensively remodeled, and has a guest house, 4 car garage, and mature landscaping. Offered at $2.75 million. --> Click for Pictures or to Schedule a Showing
To see: - Unlisted "private sale" properties not on the MLS, please click here.
- This week's new MLS listings please click here.
- Everything on the MLS in Paradise Valley please click here.
That's all for this week, I'll be back in next week with all the latest in Paradise Valley real estate.
Sincerely,
Alex Goldstein (480) 442-7325
p.s. Why keep your money in savings when it can earn 6-15% per year? Learn about cash flowing real estate here.
Disclaimer: All information is believed to be accurate, but should be verified by the reader and is provided without warranty. Please consult appropriate financial, tax, legal, and real estate advisors before making decisions. This email is not intended to solicit people who are represented by another agent.
(c) 2016 Alex Goldstein PLLC
|
| |
