Phoenix Real Estate BlogRecently posted or modified blog postshttps://www.arrtofrealestate.com/blog/Copyright ARRTofRealEstate.com2022-08-04T08:30:51-07:00tag:arrtofrealestate.com,2012-09-20:213605 great reasons for buying a home in Payson AZ5 Great reason to live in Payson Arizona
While the Valley of the Sun attracts flocks of snowbirds during the winter, it is not apleasant place for half the year. Luckily, in less than two hours, you can escape the brutal Phoenix summer heat. Ninety miles from Phoenix is Payson, where the summer temperatures are 20 to 30 degrees cooler than the Valley. And, while it does snow in the winter, that snow often melts away quickly. Overall, the temperatures in Payson are moderate year-round.
Often called “The Heart of Arizona”, Payson offers small-town charm with modern
convenience. If you're curious about buying Payson AZ real estate, read on. We'll go over the reasons that make Payson a great place to live.
A Family-Friendly Place Packed with Adventure
If you love the outdoor life, Payson is the place to be. Situated within the Tonto National Forest, hiking, biking, fishing, hunting, and off-roading are just minutes away. In fact, Green Valley Park is right in town, with three small fishing lakes.
But, if you want to get out of town into the wild, the Rim Country around Payson is hometo seven beautiful alpine lakes. Knoll Lake, Black Canyon Lake, Woods Canyon, Willow Springs Lake, and C.C. Cragin Reservoir are easily accessed. Knoll Canyon and Black Canyon Lakes also offer nearby campgrounds. However, Bear Canyon Lake and Chevelon Lake are much more of a challenge to access.
You'll either need to hike a steep trail or take your quad. But, you'll feel like you have the lake all to yourself for a truly uncrowded experience. Hikers and mountain bikers will also love living in Payson AZ. There are dozens of wellestablished trails in the area, appropriate for all levels of fitness. While the temperatures are much cooler than in Phoenix, it can still get into the 90s. Be sure to bring plenty of water and wear sunscreen as you hike and bike around Payson. Bird watchers and rock hounds will also love Payson. From the tiny Black-tailed Gnatcatcher and kestrels to huge, gliding Turkey Vultures, the Tonto National Forest is home to dozens of bird species. Kids will especially love rock hunting for fossils, agates, onyx, sparkling quartz crystals, and geodes. The trails and forests around Payson have a lot of fun to offer.
Payson is Steeped in Old West History
If you love the romance of the Old West, Payson offers plenty of that. Established in 1883, Payson continues to be home to the world's oldest, continuous rodeo. That rodeo is held in August, but there are other rodeo events held throughout the spring and summer. Payson is also home to the Zane Grey and Rim Country Museum. The Western author made Payson his home for decades and wrote many of his beloved novels here. The museum houses all sorts of artifacts from the region, covering everything from Native American life to ranching, mining, and of course, rodeo. In nearby Strawberry, the kids can get a feel for what school was like in the 1880s at the Strawberry Schoolhouse Museum. The log cabin schoolhouse was built in 1884 and is the oldest standing schoolhouse in the state. The beautifully preserved schoolhouse is complete with desks, blackboards, and other period details.
A Full-Service, Modern Town
While Payson has a family-friendly, small-town feel, you will not lack services. There is a Walmart Supercenter here, as well as two grocery stores, two hardware stores, a Home Depot, and a Tractor Supply store. There is also a PetSmart, and a feed store.
Payson also has the medical services you need, from family practitioners, chiropractors, dentists, and hospitals. Your pets can also be cared for by the resident veterinarians. For the most part, you'll be able to find everything you need locally in Payson.
Payson Has Nightlife
While Payson is a family-friendly place, there are also adult things to do too. The Mazatzal Casino, owned and operated by the Tonto Apache Tribe, offers both slots, table games, and sports betting. The casino also offers fine dining, concerts, and other events.
There are also several bars, breweries, and restaurants in the Payson area that are open till later at night. While Payson is not offering 24/7 entertainment, there are places to go at night to enjoy adult fun.
Payson AZ Real Estate Has Variety
Whether you fancy a mountain cabin, a suburban ranch-style home, or a rustic mansion, you can find it in Payson. There are hundreds of real estate listings available in Payson, giving you plenty of properties to browse.
Prices also range from modest to million-dollar properties. You can also find raw land if you want to build your custom dream home.
Fortunately, growth in Payson has been slow over the last two or three decades, preserving the smalltown feel. Also, being surrounded by the Tonto National Forest, it's unlikely that Payson will ever be the victim of urban sprawl.2022-08-04T06:54:00-07:002022-08-04T08:05:57-07:00Robert Romanettag:arrtofrealestate.com,2012-09-20:20495Is Getting a Home Mortgage Still Too Difficult?<img src="https://assets.site-static.com/userfiles/4204/image/getting-a-home-mortgage.jpg" alt="Is Getting a Home Mortgage Still Too Difficult?" title="Is Getting a Home Mortgage Still Too Difficult?" height="410" width="750" />
Potential homebuyers are always cautioned to be aware of mortgage lending standards and the difficulty they might face when trying to obtain a mortgage. Credit availability is expanding, making it easier to get a mortgage now than it was a year ago. The market is still tight however, and homebuyers should be prepared to shop around until they find a lender who is offering something that will meet the needs of their family.
Mortgage lending companies have high standards so it is important to make sure you and anyone else who will be included on the mortgage have their credit in check. The mortgage market is strict because lenders do not want to be put in a situation where they are forced to repurchase loans that are not paid on. They also do not want to end up in a litigation situation due to loan issues.
What Has Happened to the Number of Mortgages?
Due to the strict nature and requirements of the lending companies, the number of mortgages given out has significantly dropped. A report by the Housing Financial Policy Center at the Urban Institute showed that about 6.3 million fewer mortgages were given out between 2009 and 2015. The reasons behind this statistic are strict regulations and policies. These mortgages would have been granted if the lending standards where more reasonable.
Mortgage companies rely on calculations to determine if a home buyer will become delinquent on their payment. They will not give you a loan if you are too much of a risk for them. Credit history has a huge impact on this decision since lenders can see how often you pay back your debts. The history they receive is extensive. This view into your financial past causes lenders to take less risk when lending to you for your mortgage.
The Effect on the Economy
The housing market is recovering at a slower pace than it should since less potential homebuyers are being offered loans. While the market is still recovering with positive trends, fewer buyers can create a strain on other economic factors like home goods or construction jobs. Bottom Line
After the housing market boom and bust, mortgage lenders became stricter in their lending standards. It is not impossible to get a mortgage loan, but it can still be difficult for potential home buyers. Stay on top of your credit and make sure you and anyone else who is applying are in a good financial position so you can be approved for a loan. It is important to research different companies and their requirements to ensure success in getting a mortgage.2022-06-08T11:40:00-07:002022-08-04T08:30:51-07:00Robert Clarfieldtag:arrtofrealestate.com,2012-09-20:20494Why You Should Consider Selling in the Winter<img src="https://assets.site-static.com/userfiles/4204/image/selling-in-the-winter-attracts-serious-buyers.jpg" alt="Selling In Winter Attracts Serious Buyers" title="Selling In Winter Attracts Serious Buyers" height="410" width="750" />
The season you sell your home can have an impact on how much you get for your home and how quickly it sells. The season that has the most success in selling homes is spring. This is a good time of year for families moving to new school districts and is also more convenient weather for moving. Because of this trend, most people will recommend waiting to list your home until after the winter is over. Avoiding the winter is a huge misconception in the housing industry and can cause homeowners to miss out on opportunities.
Selling in the winter can give you a few advantages. There will be fewer houses on the market since most people assume winter is a bad time to sell. This gives your home more attention. Potential buyers are always looking no matter the time of year. Keeping your house on the market in the winter might bring the right buyer to your door. Real estate agents also tend to be less busy during these months and commit more time to getting your home sold.
Studies have shown winter buyers are buying because they need to move right away either for a relocation or personal situation. They will want to close quickly and allow for a much smoother sale.
Bottom Line
If you need to sell your home right away, or have some time but want to see what is out there, consider listing in the winter. Most homeowners who are going to sell will list their home in the spring, making for a competitive market. The winter allows buyers who are in a hurry to move consider your home and sell for more money than you would have in the spring.2022-06-08T11:40:00-07:002022-08-04T08:30:37-07:00Robert Clarfieldtag:arrtofrealestate.com,2012-09-20:20493Common Things to Look Out for Before Buying Your Dream Home<img src="https://assets.site-static.com/userfiles/4204/image/3-questions-to-ask-before-buying-your-dream-home.jpg" alt="Common Things to Look Out for Before Buying Your Dream Home" title="Common Things to Look Out for Before Buying Your Dream Home" height="410" width="750" />
It is easy to become overwhelmed when you enter the home buying market. Friends, family, colleagues, and even acquaintances will give you their opinions if you are a first time home buyer. While most of them are looking out for your best interest, they are not fully aware of what is happening in the housing market.
It is important for you to be prepared and have your own questions ready. No matter what other opinions you are getting, you are the one buying the home and your comfort level will help make your final decision. Here are three important questions to ask before you purchase a home.
1. Why am I Buying a Home?
Regardless of the finances, it is important to think about what made you want to buy a home in the first place. Usually the reasons don’t have to do with money. Instead, home buyers are focused on how the house will impact their family in the future. A study done by the Joint Center for House Studies at Harvard found there are four reasons people buy a home. Those reasons include schools for your children, a safe environment, more room for your family to grow, and control of your own space.
These factors are the most common reasons people look to buy a new home. When you ask yourself why you are looking to purchase a home, do any of those factors come up? Spend time with your spouse or family members who are involved in this decision and determine why you want a home in the first place. Creating this list will help when searching for a home and can help your real estate agent find the best home for your needs.
2. What is the Trend with Home Values?
Our current economy and housing market is strong. That means home values and mortgage rates are increasing. If you are looking to purchase a home but want to stay within a budget, it may be in your best interest to move quickly. It is forecasted for these trends to continue in an upward motion, causing home values to continue to increase.
3. What About Current Mortgage Rates?
The ticket price is not the only thing you should be concerned with when purchasing a home. Mortgage rates are always changing and can have a huge impact on your monthly payments. Current trends show mortgage rates are rising. This is something to consider if you are debating the right time to purchase a home, since the rates may be even higher down the road.
Bottom Line
You and your family are the only ones who can determine the right time to purchase your dream home. It is important to decide exactly why you want a new home for your family and decide on a budget that will be comfortable moving forward. This budget may affect the amount of time you have to search for a home, since home prices and mortgage rates are increasing. 2022-06-08T11:40:00-07:002022-08-04T08:30:07-07:00Robert Clarfieldtag:arrtofrealestate.com,2012-09-20:20492Will Increasing Mortgage Rates Impact Home Prices?<img src="https://assets.site-static.com/userfiles/4204/image/mortgage-rate-projections.jpg" alt="Will Increasing Mortgage Rates Impact Home Prices? " title="Will Increasing Mortgage Rates Impact Home Prices? " height="410" width="750" />
There has been some discussion recently on home prices in relation to mortgage rates. Some believe if there is a rapid rise of mortgage rates, home prices should decrease. Logically it makes the most sense for the price of the house to drop when interest rates are rising, but this is not always the case.
This theory of home prices decreasing is typically discussed by future home buyers. As a buyer you would like to think if you are paying higher rates on your mortgage, you should be able to see a decrease in cost somewhere else. Unfortunately, these rates are rising because the economy is in better shape. As the economy succeeds, incomes rise, rates go up, as well as the price of the home.
A recent study by the John Burns Real Estate Consulting found mortgage rates have very little impact on the cost of the home. The housing market and price increases are affected by things like job growth in the area and rising wages. Coincidentally, these same factors are causing the rise in the mortgage rates since people can afford to take out more.
Bottom Line
As the economy progresses and strengthens, mortgage rates and home prices will fluctuate. It is a misconception as rates increase, home prices will decrease. Advances in the economy have shown that rates and home prices are more likely to increase together.2022-06-08T11:40:00-07:002022-08-04T08:30:20-07:00Robert Clarfield