Welcome to 1161 W Kingbird Drive, Chandler!

Lovely home that features newer wood flooring, decor paint, and an open floorplan. Very stylish kitchen with plenty of cabinet space and a large pantry. Located in highly sought after Clemente Ranch. Ideal location in Clemente Ranch with easy access to the 202 freeway, restaurant, shopping, and walking distance to both the elementary school and community park. A must see!

Call me TODAY for more information!  480-355-8645 OR

email Info@LocateArizonaHomes.com

Or visit our website WWW.LocateArizonaHomes.com

Welcome to 8649 E Royal Palm Rd. #127, Scottsdale!

Calling Second Home Owners or Investors!

This turnkey fully furnished condo in highly desirable McCormick Ranch is completely ready for your vacation rental or personal use. Comes complete with all items needed, perfect location right across from pool. Gorgeous laminate flooring throughout, updated fixtures, and stylish mid-century style furniture.

Perfect location close to Talking Stick, OdySea, & Salt River Baseball fields.

**Complex does not allow pets

The “Right” Agent and the “Right” Home

Most of my  years in the real estate business  we have represented almost as many buyers as we do sellers each year. This experience allows us to give buyers insights into the neighborhoods they are considering as well as what Sellers are thinking and how they are responding to offers so the buyer can make their offer stand out. To say the neighborhoods in Phoenix Metropolitan area are diverse is a bit of an understatement. The buyer can find this kind of intel extremely useful (never about a specific house or seller they are considering). Also we can share with the sellers what the buyers are typically thinking as they walk through homes they are considering as well as what is being offered in the competing neighborhoods. The home seller is counting on us to be candid and straight forward in our assessment of their home. But on to the topic…

Some buyers think that finding the right home is the critical part of the buying process and that is how they determine which agent to use. While it is important, there may be a broader skill set to consider when selecting your real estate professional.

The most recent NAR Profile of Home Buyers and Sellers indicate that 52% of buyers do want help in finding the right home to purchase. There was a time when the public did not have access to all the homes on the market, but the Internet has changed that.

Helping to negotiate the price and terms of sale were identified by almost 25% of the buyers. No one wants to pay more than is necessary and the terms of the sale can be as important as the price.

The next largest area of assistance that buyers value has to do with financing and the paperwork. Even if a buyer has been through the process before, it very likely could have been several years and things have probably changed.

Since the cost of housing is dependent on the price paid for the home and the financing, a real estate professional skilled in these specialized areas can be very valuable in finding the “right” home. An agent’s experience and connections to allied professionals and service providers is equally important.

Ask the agent representing you to specifically list the tools and talent they have available to address these areas.

Contact us TODAY, and we will share with you our tools and talents!  480-355-8645 OR Info@LocateArizonaHomes.com

Convincing Advantages with Standard Deduction

Lots of folks  are asking what are the new tax laws going to do to my taxes?

Read on. Then contact me if you need more.

The new tax law doubles the standard deduction and it is estimated that over 90% of taxpayers will elect to use it. However, even without considering tax benefits, homeownership has convincing advantages.

Besides the personal and social reasons for owning a home, one of the most compelling is that it is cheaper. Principal reduction and appreciation are powerful dynamics that reduce the effective cost of housing.

Amortized loans apply a specific amount of each payment to the principal amount owed to retire the loan over the term. Some people consider it a forced savings account; when the payment is made, the unpaid balance is reduced.

The price of homes going up over time is appreciation. While there are lots of variables and it is not guaranteed, it is easy to research the history of an area and make predictions based on supply and demand.

Interest rates are still low and can be locked-in for 30 years. Without considering the tax benefits at all, the appreciation and the amortization dramatically affect the “real” cost of owning a home.

Consider a $250,000 home that appreciates at 2% a year for the next seven years instead of paying $2,000 a month in rent. In the example, the payment is less than the rent being paid even including the property tax and insurance.

rent vs own 020518.png

When you factor in the monthly principal reduction and appreciation and consider additional owner expenses like maintenance and possible homeowners association, the net cost of housing is considerably lower than the rent. In this example, reduced cost in the first year alone is more than the down payment required on a FHA loan.

Based on the assumptions stated, the down payment of $8,750 could grow to $73,546 in equity in seven years. Can you name another investment with this kind of potential that also provides you a place to live, enjoy, raise your family and share with your friends?

Use this Rent vs. Own to make projections using your own numbers and price range. We’re available to answer any questions you have and to find out what it will take to own your own home.

We would love the opportunity to help you with any questions you may have about the new tax laws! 

Please call (480-355-8645) OR email Info@LocateArizonaHomes.com.

We look forward to hearing from you!

Welcome to 4158 S White Drive, Chandler!

This former model home features many luxurious upgrades and is THE best waterfront location in Old Stone Ranch! You will be delighted with the custom paver courtyard to enjoy sunny mornings. The grand entry features a beautiful stone and tile medallion that leads to the formal dining and living rooms where the wrought iron and wood rail adds to the open style floor plan.

The home features beautiful wood floors and high end patterned carpet. The full bath down is tiled throughout. The kitchen features newer, high-end stainless appliances with a gas range for those gourmet cooks plus granite counters, beautiful brushed nickel back-splash and a custom style breakfast room. Cozy up to the stone fireplace listing to your favorite tunes from the surround sound built in speakers in the ample family room. Other upgrades include decor paint, custom draperies, and real wood window sills throughout.

The upper level features a large loft with an elevated den that can also be a great playroom. The dual entry door to the master suite gives an grand entrance and leads to the luxurious bath featuring a soaking tub and shower with tile accents. Garage features an epoxy floor, softwater system, too.

The lush yard features lots of shade and overlooks the lake plus sides to the park and stone waterfall entry. Enjoy many a evening listening to the waterfall in peaceful serenity watching the sunsets and wildlife over the lake.

The Tale of The Lakes at Annecy

The Lakes at Annecy, or Val Vista Classic (as it’s also known) is a beautiful gated community off of Val Vista Dr & Williams Field Rd.  Not only does it have an amazing location near the 202 freeway, but it’s also right by the San Tan Village Mall with all of its things to do.  Great restaurants are less than a mile away (which can be a bit of a long walk for some, but perfect for us. We recommend Blue Wasabi, High Tide, & La Calabria if you haven’t been) and Higher Grounds Roastery & Café is located just outside of the main gate.  On the inside, there’s plenty of walking paths around several lakes and bridges, with tree lined streets, multiple community pools, basketball courts and playgrounds.  Trend Homes started building this community in 2007, featuring European style architecture with plenty of community green space outside your front door.  With a mixture of single family and townhomes, it was the premier lock and leave community.

 

Alas, all was not perfect.  Trend Homes declared bankruptcy in early 2008 and was sold in May to Najafi Cos., a Phoenix-based private investment firm.  Like many communities at the time, the 930-home Lakes at Annecy sat mostly empty.  Other than the

 

completed community pools and spas, lakes and roads, there were only a handful of homes that were developed near the front and around the sides of community, leaving the middle and back of the lots mostly filled with dirt.  Sometime after, Ryland Homes acquired Trend’s remaining assets at the end of 2012, but made no plans for continuing to build at The Lakes at Annecy although they finished some of Trend’s other neighborhoods. Ryland Homes and Standard Pacific Corp, two of the largest home builders at the time, merged in 2015 to become CalAtlantic Homes.

 

The latest to happen was that Lennar Homes announce last year that they were buying out CalAtlantic, although the merger won’t be completed until February 2018.

 

 

The good news though, is that Lennar Homes is finally planning to finish out The Lakes at Annecy! They are taking the back section for Inspiration at Annecy, which features two-three bedroom townhomes, ranging from 1,053-1,465 sqft.  They’re unique in the fact that everything is included in the home (no more being nickeled and dimed for upgrades) and the buyer has the choice of flooring and cabinet color (although if you want really upgraded flooring, there is a separate cost for that). Inspiration at Annecy is now for sale, and though they’ve not had their grand opening yet, have been selling pretty well.

 

Maracay Homes has also purchased 216 home sites in front of the community, and will be opening for sales in the fall of 2018.  Their plan is to offer homes ranging from 1,500 to 2,000 sqft. More news is to be announced.

 

For more area news, or if you’d like to know more about The Lakes at Annecy, please contact The McKinley Group at 480-355-8645 or at Info@LocateArizonaHomes.com today!

 

Homeowner Tax Changes

The new tax law that was signed into effect at the end of 2017 will affect all taxpayers. Homeowners should familiarize themselves with the areas that could affect them which may require some planning to maximize the benefits.

Some of the things that will affect most homeowners are the following:

  • Reduces the limit on deductible mortgage debt to $750,000 for loans made after 12/14/17. Existing loans of up to $1 million are grandfathered and are not subject to the new $750,000 cap.

 

  • Homeowners may refinance mortgage debts existing on 12/14/17 up to $1 million and still deduct the interest, so long as the new loan does not exceed the amount of the existing mortgage being refinanced.
  • Repeals the deduction for interest on home equity debt through 12/31/25 unless the proceeds are used to substantially improve the residence.
  • The standard deduction is now $12,000 for single individuals and $24,000 for joint returns. It is estimated that over 90% of taxpayers will elect to take the standard deduction.
  • Property taxes and other state and local taxes are limited to $10,000 as itemized deductions.
  • Moving expenses are repealed except for members of the Armed Forces.
  • Casualty losses are only allowed provided the loss is attributable to a presidentially-declared disaster.

The capital gains exclusion applying to principal residences remains unchanged. Single taxpayers are entitled to $250,000 and married taxpayers filing jointly up to $500,000 of capital gain for homes that they owned and occupied as principal residences for two out of the previous five years.

 

Not addressed in the new tax law, the Mortgage Forgiveness Relief Act of 2007 expired on 12/31/16. This temporary law limited exclusion of income for discharged home mortgage debt for principal homeowners who went through foreclosure, short sale or other mortgage forgiveness. Debt forgiven is considered income and even though the taxpayer may not be obligated for the debt, they would have to recognize the forgiven debt as income.

These changes could affect a taxpayers’ position and should be discussed with their tax adviser.

If you need a good tax adviser, Contact me today (Info@LocateArizonaHomes.com OR 480-355-8645).  I know some both in Chandler and the Phoenix Metropolitan area.