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Saturday, October 22, 2016

Phoenix Scottsdale Market Recommendation: Buy

The sentiment of the mortgage lending industry is a lending rate increase right after the election on November 8th. More so probable higher increase if Donald Trump wins as our new president – a very good thing for our economy. Of course, no one can predict the future – but a rate increase is a goal of the Federal Reserve and the feds have been talking about it for some time now.



A rise in mortgage lending rate would bring a buying spree. A buying spree on an already tight and very low for sale inventory will push up prices if not harden sellers’ positions for the existing listings. Word to the wiser – if you have borrow some and buy, I would do it sooner than later, and get going on this now. No one wants to leave money on the table.

My two-cents worth of advice to my good clients.

Richard Bazinet pllc, MBA, CRS, ABR is a licensed Arizona real estate agent at AZuRE Team @ Realty ONE Group in Scottsdale Arizona. You can reach Richard Bazinet on this website at www.azurerealtyteam.com and directly on his web page at www.richardbazinet.com.

Thursday, February 26, 2015

Note To My Blog Readers!


I am delighted to inform you that my blog has moved to our new AZuRE Team web site at www.azurerealtyteam.com

The blog is at http://www.azurerealtyteam.com/blog/

You'll find the same great content and advice about real estate, and even much more now with community pages.

So come and visit us and tell us what you think!

Richard Bazinet - AZuRE Team - Realty ONE Group - Phoenix Scottsdale Real Estate


Monday, February 16, 2015

Hottest & Latest Home Improvement Trend in Phoenix Scottsdale

#HotHomeImprovement

Here's the hottest and latest home improvement trend in the Valley Of The Sun - Phoenix Scottsdale.

Fireplaces. Sounds unusual for Arizona, but not quite as this is the trendiest home improvement to date.

Fireplaces in your bedroom, great room and in the backyard (firepits count as well). If you are thinking of adding a fireplace in the master bedroom or the great room, This might sound really tricky if you didn't do it before your home was built, but its quite possible. You can add a beehive fireplace in the bedroom or the great room and had a natural gas line run into the hearth to fuel the flames.

Before planning your fireplace, remember that burning wood indoors or out is heavily restricted in Arizona; you want to use natural gas or propane. Another issue is how you will vent the fireplace to provide air for the fire and to remove the exhaust. But I am told by competent contractors that there are actually a number of ways to do it safely.

They tell me that vents can be run through the walls to carry the exhaust to the exterior of your home, just as is done with clothes dryers. Vent-free fireplaces are also possible to install, but are strictly limited by city and county regulations based on the size of the room where they are being built. In Phoenix, for example, a vent-free fireplace can only produce 6,000 BTUs in the average-size bathroom. In a bathroom or small bedroom, you may not have enough space to do a fireplace without having a vent or chimney.


According to specialized fireplace and gas contractors,  qualified plumbers can run gas lines over the roof to the room where you want the fireplace. Or you can install a propane tank just outside the bedroom or bathroom to supply fuel for the flames. You can also install an electrically lit fireplace, but it just doesn't provide the same kind of excitement that real flames will create.

One of the newest trends is to install linear (long, skinny style) fireplaces instead of the usual rectangles. For example, a fireplace that was five feet long horizontally might be only 14 inches high.

On the other hand, in the backyard, there’s something about a firepit or a fireplace that will lure you, your friends and family into your backyard. Not only that but you can actually build a fairly inexpensive firepit yourself using concrete pavers. You’ll also want to have a plumber run a gas line out to the pit so that you can avoid any restrictions in Arizona on burning wood. You can, however, also fuel your firepit using a propane tank installed in a cabinet nearby.

A firepit is a great place for family and friends to gather for parties or for the grandchildren to toast marshmallows.

Richard Bazinet - AZuRE Team - Realty ONE Group - Phoenix Scottsdale Real Estate



Wednesday, February 4, 2015

Buy Or Rent? Buy.

#Buyorrent

Besides the many advantages of owning versus renting your real estate, according to the Federal Reserve Survey of Consumer Finances, in 2013 owners of real estate are 36 times wealthier than renters.


Richard Bazinet - Azure Team /Realty ONE Group - Phoenix Scottsdale Real Estate

Monday, February 2, 2015

Home Upgrades For The Biggest Pay-Off

#HomeUpgadesPayOff

Here are the top upgrades for the highest return for your home in Phoenix Scottsdale.


1. Repairs and refreshing. This is where the smartest money is. Maintenance and deferred repairs. New interior and exterior paint, leaky roof and antiquated plumbing. Caulking around the water area rooms. You just can't keep those secret from a home inspector or appraiser.

2. Remodeling beats adding on. Large additions just don't pay-off. Go for quality over quantity. Having a big formal living room plus an everyday family room is less desirable than one-multi use common space. Don't add on square footage. Rather, re-purpose existing square footage by re-configuring the floor plan. Knock down walls between the dining room and the kitchen - it makes the house look bigger.

3. Use eco-friendly upgrades. Install energy efficient features such as energy-star appliances, water-saving efficient plumbing fixtures, the newer light bulbs, a much better upgraded HVAC system, and insulation.

4. Add technology infrastructures. But not cool gadgets that quickly go obsolete. Built-in wireless systems, instant hot water systems and Bluetooth-enabled intelligent home thermostats that work off your smartphone is so much better than a home theater system.

5. Keep up with the Joneses. Always keep your house's amenities in line with the neighborhood. Otherwise, you become less desirable. Upgrade the kitchen appliances, the washer/dryer, replace the old HVAC system, and refresh your kitchen cabinets.

6. Front and back-yard. Make sure the curb appeal is top notch and the backyard pleasant and inviting. The first impression is from the curb. The backyard is where you entertain.

6. The new payback is 5 years. Don't spend big money unless you plan to stay at least 3 to 5 years. The longer your time frame, the lower the risk. If you plan to stay for a while, don't delay starting a project.

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

Saturday, January 31, 2015

How Much To Spend On Your Remodel Projects

#HowMuchToSpendonRemodel

Here's a question from our clients.

The answer, of course, is.... it depends.

When you started that bathroom remodel, you planned to redo the floor and paint the cabinets and put in a new shower stall. But gradually you did more and more. Now you’re moving the shower to where the bathtub used to be, you’re bringing in new cabinets and instead of putting down ceramic tile, you’re laying travertine. Have you gone too far? Maybe not far enough? Will you ever get your money back when you sell?

You can get some answers to those questions for metro Phoenix in the 2015 Cost Value Report published by Remodeling Magazine, read by building industry professionals. 

Read here: http://www.remodeling.hw.net/cost-vs-value/2015/mountain/phoenix-az/
to get some idea of what you can eventually get back.

As you might expect, the report says bathroom and kitchen remodels are the most costly and do recoup quite a bit at resale. However, you don’t need this report to tell you that no homeowner ever recovers every dollar spent on remodeling in a resale. But, sometimes you can, sometimes you get more, and sometimes really much more depending on your property and its location.

So it's a case by case review of each individual home. There are a number of factors involved.

The best approach is to call us for the property you would like to purchase, or a current property you decide to renovate to keep or to sell.

So... what about that bathroom? An upscale remodel, described in the report, would more than double the size of an existing 35-square-foot room to 100 square feet. All fixtures would be relocated and replaced including tub, toilet and shower. The new shower would have ceramic tile walls and a frameless glass enclosure. This renovation would cost an estimated $49,349 in Phoenix, according to the Cost Value Report. You would recoup $34,532 at resale – an estimated 70 percent recovery.

A midrange remodel keeping the same bathroom size and footprint but changing all fixtures would cost $15,317 in Phoenix and recoup $12,474 at resale – an estimated 81.4 percent recovery.

One extra “Richard Bazinet” recommendation: In a house with one-and-a-half baths, converting that powder room to a full bath is an investment that can make a huge difference in the value of your house and how fast it sells. Adding a bedroom can be a huge investment in a new value for the property.

And if you live in a luxury, high-end area, a barebones remodel might not fit what buyers want in your house. The same warning fits in a modest subdivision. Overdoing a renovation may not fit what buyers expect to pay for your house. In some cases, a remodeling job out of synch with the neighborhood can detract from rather than add to your home’s value. You see this sort of problem with houses that has been renovated in the wrong neighborhood.

There are many opportunities in the Phoenix Scottsdale market right now, and it's a question of choosing the right ones.

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

Tuesday, January 27, 2015

Confused On Type and Mortgage Loan Amounts in Phoenix Scottsdale?

#ConfusedOnTypeandMortgageLoanAmounts?

Here's a great and very common question from my clients. One about mortgage loan types and amounts. Being in the business of real estate everyday, you become accustomed to expressions and the jargon of the industry. But when looking at it from the consumer's point of view, I can see why it seems confusing.

So here are the simple, quick and fast, basic, rounded up mortgage loan types (and the words used) and their amounts you'll encounter when you purchase a home that you'll finance.

1. The conventional mortgage loan. Typically with a down payment of 20% or so, sometimes less, backed by Fannie May and Freddie Mac up to $417,000.

2. The jumbo mortgage loan. Same a above but from $418,000 and up.

3. The FHA mortgage loan. Typically with a 3.5% down payment, it involves mortgage insurance premiums, and up to $271,050. This may vary by county.

4. The VA mortgage loan. Typically, zero down payment, and up to $417,000 although there is no real loan limit so higher amounts are certainly possible.

5. The Foreign National mortgage loan. Typically 25 to 35% down, no real loan limits as most of those mortgage loan follow the same guidelines of the loans described above except of course for the VA mortgage loan program.

6. And other types of mortgage loans such as private money, hard money, seller financing, investment, construction, with variables scenarios, parameters and amounts depending on the situation.

So, there best approach is to call me to discuss your home purchasing plans and I'll have you connected with the right competent and professional preferred mortgage lenders specific to your situation.

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

Saturday, January 24, 2015

Save BIG Money With Your FHA Mortgage Loan in Phoenix Scottsdale

Starting Jan 26/15, FHA has reduced the mortgage insurance premiums for you to get an FHA mortgage loan.

That means BIG savings for you. How BIG? On a $200,000 loan, about $1,000/year. How does this grab you?

So, if you were considering getting into a new home purchase with a FHA mortgage loan with a very low down payment, as low as 3.5%, while the getting is good - stable Phoenix Scottsdale pricing and low mortgage loan rates, now would really be a good time to call me.

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

Save BIG Money With Your FHA Mortgage Loan
#Buynow

Sunday, January 18, 2015

Service For Life January 2015 Business Of The Month

#ServiceForLifeJanuary2015BusinessOfTheMonth

Service For Life Magazine Jan 2015 Business of the Month is Ashley R. Carlson, Author



Type: Author – writing awesome fantasy novels!

Who: Ashley Carlson            

Description: Ashley R. Carlson is an author drawn to writing fantastical elements, complex relationships, and characters who rise above their circumstances. Her debut steampunk-fantasy novel, “The Charismatics,” was released December 13, 2014 to rave reviews on Amazon and Goodreads. Available at Amazon.com and Goodreads.com.

Contact: www.ashleyrcarlson.com, on Twitter @AshleyRCarlson1, and on Instagram @ashleyrcarlson. Her email is ashleyrcarlson13@gmail.com, so please reach out to the author!

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate



Thursday, January 15, 2015

Check Out The JANUARY 2015 Issue of Service For Life

#JANUARY2015IssueofServiceForLife



http://hosted.vresp.com/1331145/25c8db99f2/547436781/3a0b628891/

What a fun newsletter this month.
How about that... our Business Of The Month is author Ashley Carlson! Find out about her latest book.... I'm delighted to have her as a client too!
So.... are you causing damage to your car without knowing it? In today’s Service For Life!® Free consumer newsletter, I’ll show you how to avoid the five most common “bad car habits” that wear down your vehicle so you can save thousands in car repair bills.

How about a brain teaser? Take the challenge...

You’ll also learn how to quickly fix a running toilet, three little-known smartphone tricks, and ways to protect your kids online – plus fun facts, a trivia challenge to win movie tickets, and lots more.