For most of us, November is a time where we stop and give thanks for everything we have and for the relationships we hold near and dear. It is a great month of gathering and of reflecting. One of the things many of us are thankful for is the home we have. A home should be a blessing, not a burden, right?
We are at a time in real estate where many options have opened up for people, options that have not been here in the last 10 years. For example, if you feel your house payment is too high you might check into refinancing your loan. Your interest rate just might be lower today than it was even two years ago. Or you might have a private mortgage insurance payment on your loan because you put less then 20% down and by refinancing, you can get rid of that payment and possibly lower your rate too.
Families change, children move out, or there is an increase in children and the home you bought four years ago no longer fits your needs. Do you stay in it because you bought it at a good price even though you are crammed in or don’t use half of it? Knowing your options just might surprise you. The equity you have gained in the last four years might enable you to sell your home, buy the home that fits your current family now, and have lower payments.
Wherever you are in your home ownership, November is a great time to stop and think about where you are and know your options. We are in a robust real estate market which still can be great for the seller and the buyer. To date in 2019, there have been 1,727 homes sold in the city of Maricopa in an HOA subdivision. There are currently 297 homes available for sale in an HOA subdivision. The lowest price is $178,500 in the Tortosa subdivision and the highest priced home is listed at $448,000 in the Province subdivision of Maricopa. The average price per square foot of all active homes on the market now is $119.27.
Give thanks and if you want to know where you stand on anything real estate, contact a local Maricopa agent.