Did you know that with the Encanterra Living app, you can do more than just connect with trusted trade partners?
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You can also browse homes listed in the MLS, including those right here at Encanterra!
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Stay in the know about real estate opportunities in our community and receive alerts for upcoming open houses and more.
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Don’t miss out on this valuable resource – download the Encancterra Living app today!
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Scan the QR code or find us in the App Store.
Archives for February 2024
Encanterra Queen Creek Home for Sale | 1789 E Elysian Pass Home Tour
Welcome to 1789 East Elysian Pass at Encanterra!
This stunning home boasts a kitchen straight out of a magazine, perfect for hosting family and friends. With two primary suites and a third bedroom, it’s ideal for those who love to entertain. Plus, the seamless indoor-outdoor living space is perfect for enjoying Arizona nights by the gas fireplace.
Ready to make Encanterra your home in 2024? Drop a comment in our Instagram post here!
Encanterra Queen Creek Open House: 1319 E Artemis Trail
Join us for an Open House in Encanterra today at 1-3 PM!
1319 E ARTEMIS TRL, Queen Creek, AZ 85140
Offered at $549,000, this stunning 2-bedroom, den, 2-bath Cannes model home is a dream come true.
Situated on a spacious corner homesite in the Encanterra community, prepare to be wowed by the fantastic features this home has to offer. From the moment you arrive, the curb appeal will capture your attention with gorgeous palm trees, pristine landscaping, and the perfect outdoor space for entertaining. Imagine cozy evenings by the outdoor fireplace, preparing meals on the built-in BBQ, and enjoying breathtaking sunsets in your backyard oasis. Step inside to experience the warm and inviting atmosphere with beautiful hardwood floors and large windows that flood the space with natural light.
Plus, with an owned 3KW solar system for low energy costs and a spotless garage with epoxy finish and built-in cabinets, this home is truly a rare gem!
Don’t miss out – see you at the Open House! DM us! #OpenHouse #EncanterraHomeforSale #DreamHome #QueenCreekLiving #QueenCreekHomes
Encanterra in Queen Creek Home for Sale: 1789 E Elysian Pass
Welcome to your dream home, nestled in the desirable neighborhood of Encanterra. This stunning 3-bedroom Create plan is complete with a den and 3 full baths. The heart of this home is undoubtedly its gourmet kitchen. Imagine preparing delicious meals on the huge island with a custom hood and top-of-the-line stainless steel appliances. The convenience of several beverage centers adds an extra touch of luxury for entertaining and everyday living. The spacious and well-designed layout offers not one but two oversized primary suites, making it perfect for multi-generational living or hosting guests in style. Each suite features an en-suite bathroom, ensuring privacy and comfort. Step outside to your private oasis, where you’ll find a massive rolling wall of glass. Book your tour today!
Interested in viewing this gorgeous home? Connect with us today to schedule a private showing: Shea Preferred Realty Group OR you may go directly to the MLS to view all the details and photos for the home here: 1789 E ELYSIAN PASS, Queen Creek, AZ 85140
The Secret to Success
Ever wonder what sets successful realtors apart? It’s not just about saying what sellers want to hear.
BE HONEST
In Real Estate, honesty is key. We believe sellers deserve clear guidance, even when it’s tough. From decluttering to staging, we’re here to provide honest advice every step of the way.
THE HARD TRUTH
We believe in providing clear guidance to our clients, even if it means delivering tough truths.
Looking for a Realtor? Message us! @SHEA PREFERRED REALTY GROUP
4-Bedroom San Tan Valley Home for Sale
Welcome to your dream home in the gated community of Archer Meadows! This home is just over 2300 sq. ft. of living space. With 4 bedrooms, 2.5 bathrooms, and a huge 3-car garage, this home provides ample space for both relaxation and entertaining. As you step inside, you’ll be greeted by a spacious and bright interior, featuring high ceilings and an open floor plan. The kitchen is a chef’s delight, complete with quartz countertops, stainless steel appliances, and plenty of cabinet space. The primary suite offers a serene retreat, complete with a spa-like ensuite bathroom featuring a soaking tub and separate shower. Residents of Archer Meadows enjoy access to a host of amenities, including a heated community pool, clubhouse, and expansive open spaces for recreation and relaxation.
Interested in viewing this beautiful home? Connect with us today to schedule a private showing: Shea Preferred Realty Group OR you may go directly to the MLS to view all the details and photos for the home here: 36790 N Camarillo Drive, San Tan Valley, Az 85140
Why Pre-Approval is More Important this Year
Why Pre-Approval Is Even More Important This Year
On the road to becoming a homeowner? If so, you may have heard the term pre-approval get tossed around. Let’s break down what it is and why it’s important if you’re looking to buy a home in 2024.
What Pre-Approval Is
As part of the homebuying process, your lender will look at your finances to figure out what they’re willing to loan you. According to Investopedia, this includes things like your W-2, tax returns, credit score, bank statements, and more.
From there, they’ll give you a pre-approval letter to help you understand how much money you can borrow. Freddie Mac explains it like this:
“A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money to buy your future home. . . . Keep in mind that the loan amount in the pre-approval letter is the lender’s maximum offer. Ultimately, you should only borrow an amount you are comfortable repaying.”
Now, that last piece is especially important. While home affordability is getting better, it’s still tight. So, getting a good idea of what you can borrow can help you really wrap your head around the financial side of things. It doesn’t mean you should borrow the full amount. It just tells you what you can borrow from that lender.
This sets you up to make an informed decision about your numbers. That way you’re able to tailor your home search to what you’re actually comfortable with budget-wise and can act fast when you find a home you love.
Why Pre-Approval Is So Important in 2024
If you want to buy a home this year, there’s another reason you’re going to want to be sure you’re working with a trusted lender to make this a priority.
While more homes are being listed for sale, the overall number of available homes is still below the norm. At the same time, the recent downward trend in mortgage rates compared to last year is bringing more buyers back into the market. That imbalance of more demand than supply creates a bit of a tug-of-war for you.
It means you’ll likely find you have more competition from other buyers as more and more people who were sitting on the sidelines when mortgage rates were higher decide to jump back in. But pre-approval can help with that too.
Pre-approval shows sellers you mean business because you’ve already undergone a credit and financial check. As Greg McBride, Chief Financial Analyst at Bankrate, says:
“Preapproval carries more weight because it means lenders have actually done more than a cursory review of your credit and your finances, but have instead reviewed your pay stubs, tax returns and bank statements. A preapproval means you’ve cleared the hurdles necessary to be approved for a mortgage up to a certain dollar amount.”
Sellers love that because that makes it more likely the sale will move forward without unexpected delays or issues. And if you may be competing with another buyer to land your dream home, why wouldn’t you do this to help stack the deck in your favor?
Bottom Line
If you’re looking to buy a home in 2024, know that getting pre-approved is going to be a key piece of the puzzle. With lower mortgage rates bringing more buyers back into the market, this can help you make a strong offer that stands out from the crowd.
Planning to make a move this year? Don’t hesitate to message us! @ SHEA PREFERRED REALTY GROUP
ENCANTERRA REAL ESTATE MARKET: FEBRUARY 2024 UPDATE
As of February 13, 2024, the Encanterra Real Estate market continues to exhibit activity with 57 active listings for the first few weeks of February, accompanied by 8 new listings. This indicates a steady stream of properties available for potential buyers, contributing to a diverse and dynamic market.
Pending listings for the same period show 9 properties awaiting closure, with 5 successful closings. The average days on market in Encanterra for February 1-13, 2024, stands at 75 days. Looking at the average list and sale figures, the average list price for February 1-13, 2024 closings, is $544,800, with the average sold price at $534,000. This indicates a 98% sold-to-list price ratio.
Stay tuned for our upcoming newsletter, where we will delve into year-over-year market trends for a more comprehensive analysis. Whether buying or selling in Encanterra, contact us anytime at @Shea Preferred Realty Group for expert assistance.
Realtor’s Key to Success
Watch our Instagram Reels here
Ever wondered what makes a realtor truly successful?
It’s not just about saying what sellers want to hear. Sometimes, it’s about telling them what they don’t want to hear.
Honesty is our secret weapon, and it’s what sets us apart.
Reach out to us if you are looking for a realtor who will be transparent throughout the process of selling your home. @ SHEA PREFERRED REALTY GROUP
Home Equity Can Be a Game Changer When You Sell
Are you on the fence about selling your house? While affordability is improving this year, it’s still tight. And that may be on your mind. But understanding your home equity could be the key to making your decision easier. An article from Bankrate explains:
“Home equity is the difference between your home’s value and the amount you still owe on your mortgage. It represents the paid-off portion of your home.
You’ll start off with a certain level of equity when you make your down payment to buy the home, then continue to build equity as you pay down your mortgage. You’ll also build equity over time as your home’s value increases.”
Think of equity as a simple math equation. It’s the value of your home now minus what you owe on your mortgage. And guess what? Recently, your equity has probably grown more than you think.
In the past few years, home prices skyrocketed, which means your home’s value – and your equity – likely shot up, too. So, you may have more equity than you realize.
How To Make the Most of Your Home Equity Right Now
If you’re thinking about moving, the equity you have in your home could be a big help. According to CoreLogic:
“. . . the average U.S. homeowner with a mortgage still has more than $300,000 in equity . . .”
Clearly, homeowners have a lot of equity right now. And the latest data from the Census and ATTOM shows over two-thirds of homeowners have either completely paid off their mortgages (shown in green in the chart below) or have at least 50% equity (shown in blue in the chart below):
That means roughly 70% have a tremendous amount of equity right now.
After you sell your house, you can use your equity to help you buy your next home. Here’s how:
- Be an all-cash buyer: If you’ve been living in your current home for a long time, you might have enough equity to buy your next home without having to take out a loan. If that’s the case, you won’t need to borrow any money or worry about mortgage rates. Investopedia states:
“You may want to pay cash for your home if you’re shopping in a competitive housing market, or if you’d like to save money on mortgage interest. It could help you close a deal and beat out other buyers.”
- Make a larger down payment: Your equity could also be used toward your next down payment. It might even be enough to let you put a larger amount down, so you won’t have to borrow as much money. The Mortgage Reports explains:
“Borrowers who put down more money typically receive better interest rates from lenders. This is due to the fact that a larger down payment lowers the lender’s risk because the borrower has more equity in the home from the beginning.”
The Easy Way To Find Out How Much Equity You Have
To find out how much equity you have in your home, ask a real estate agent you trust for a Professional Equity Assessment Report (PEAR).
Bottom Line
Planning a move? Your home equity can really help you out. Let’s connect to see how much equity you have and how it can help with your next home. Message us anytime @ SHEA PREFERRED REALTY GROUP
