How Much Down Payment Will I Need For a House?

When you are in the market to purchase a home, one of the first things you will need to determine is how much of a down payment you will have to place on the property. 

This applies to any type of home, loft, condo, or townhome that is used for your main residence. Second homes and commercial properties have different requirements for down payments.

Type Of Mortgage You Are Going To Use Can Impact Down Payment

The type of mortgage that you get will impact the amount of your down payment. Different loan programs have different requirements, some of which are required by laws that were enacted after the financial crisis in 2008.

Conventional Loans

Conventional mortgages offer the best interest rates and are usually available for the longest terms. You can apply for 10, 15, 30 and 40 year conventional mortgages. A conventional loan will require you to place a minimum of 20 percent down on your home. A $200,000 home would require a $40,000 down payment. However, this large of a down payment will give you instant equity in your home and significantly reduce the interest payments that you will make over the life of the loan.

Adjustable Rate Mortgages (ARM’s)

An adjustable rate mortgage can have down payment requirements as low as five percent. Some loans are even being offered at 3.5 percent. This type of loan usually has low payments for the first one to five years, then the interest adjusts and the payments become higher. This type of loan is usually preferred by someone who does not plan to remain in a home for an extended period of time.

Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac loans are guaranteed loans through the use of mortgage insurance. These federally backed loan programs will allow down payments to be as low as three percent for first time home buyers. In addition to this low down payment, Fannie Mae and Freddie Mac will allow the down payment money to come from a monetary gift. (Many loans require that the down payment is from the savings of the buyer.) These loan programs offer very competitive interest rates. However, buyers are required to carry mortgage insurance as a guarantee on the loan. This is an additional premium added to the mortgage payment.

FHA Loans

The Federal Housing Authority offers a mortgage insurance program that guarantees loans for first time home buyers. Down payments are generally 3.5 percent for all buyers. Those with credit scores under 580 can still qualify for the program, but will require a larger down payment. Similar to Fannie Mae and Freddie Mac, this loan program also has a separate mortgage insurance payment.

VA Loans

You may qualify for a VA loan if you are on active duty or are a military veteran. In this case you will not have to pay any money down. You should contact a VA loan specialist to make sure the paperwork is handled correctly and that you get the best interest rate available.

Additional Down Payment Information

It is important to remember that larger down payments reduce the overall debt on the home. You can save thousands of dollars in interest payments over the course of the loan by using a larger down payment. Additionally, larger down payments also help secure lower interest rates. Lenders feel more comfortable dropping interest rates on homes that already have equity established in the home.

If you're looking for an urban condo or high rise in Phoenix, Scottsdale or Tempe AZ contact the urban specialists at We Know Urban. Visit the site to learn more about condos for sale.  

Is a Lease-to-Buy Contract Worth Signing?

A lease-to-buy contract is an option that isn't new, but is becoming more popular when you're renting a high-rise Phoenix condo or loft. Leasing a property before you buy can have advantages for you as a potential buyer.

One of the biggest advantages to the buyer and the seller is the flexibility of the contract. It's important for all parties to read, understand, and sign the contract.

How A Lease-To-Buy Contract Works

An agreement between a tenant and owner that includes an option to buy allows the tenant to purchase the property while the lease is valid. Agreements of this type are usually drawn up for duration of twelve to eighteen months.

However, the duration of the contract may be longer at the discretion of the buyer and seller, especially if the buyer needs additional time to have the funds available for the mortgage.

Buyer's Exclusive Rights

The tenant and owner agree to the terms before the contract is signed. While the contract is in effect, the renter has an exclusive option to purchase the property. Lease-to-own agreements allow the buyer to put down less than a traditional down payment.

The amount is usually between one and five percent. The renter pays the seller a deposit and the monthly payments go toward the purchase of the property.

Benefits For Lease-To-Purchase Buyers

The lease-to-buy contract is an opportunity for a buyer to save money for the purchase when they don't currently have the funds for a traditional down payment. The contract allows a buyer with a low credit score to increase their score and resolve any credit problems before the lease expires.

The higher the credit score, the more likely the buyer is to be approved for a mortgage. The advantage of a lease-to-buy contract is that the payments the buyer makes build equity in the property.

If the buyer is approved for a mortgage, the property can be purchased at any time while the contract is valid. Entering into a lease-to-purchase contract is a good way to determine if buying a condo or loft is the best option.

What Sellers Need To Know

A lease-to-purchase contract can be beneficial for the seller when the market is slow. The contract allows them to increase their cash flow.

The lease-to-buy agreement is a good option for real estate developers who are having problems leasing or selling units. Some real estate developers offer incentives to potential buyers. The broker may offer an option to buy at a set price if they purchase the condo or loft within a year of signing the lease.

Ensuring A Successful Transaction

When entering into a lease-to-purchase contract, it's essential that all parties understand the contract. It's advisable to have a real estate attorney go over the terms of the contract before it's signed.

The property should be inspected and all necessary repairs should be made before the contract is finalized. All parties should be clear about who will pay for the maintenance and repairs to the property.

If there are any tax liens, it should be disclosed in the contract. The buyer should be aware of the amount due for taxes, HOA fees, and insurance.

If you are looking for Scottsdale condos, We Know Urban Realty will help you find the perfect place. Their realtors are experts when it comes to urban living. Visit the site to see what's available right now: http://weknowurban.com/

What Is the Difference Between an Agent and a Broker?

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Buying or selling a home may be just one of the biggest financial deals you will make in your life, add the key element of your lifestyle, where and what area you desire to live; turning it into one large decision.  

As your real estate agent helps you in every step of the buying or selling process, the skills and qualifications of that agent can eventually make a major difference in your real estate experience. 

There are three main titles that signify levels of training and licensing in the real estate profession, but several other forms of specialist certification which may be relevant to your real estate transaction.

Real Estate Broker

Although some of the requirements vary from state to state, a broker is generally required to complete over 100 hours of classes, have at least a year's experience as a real estate agent, and pass exams. Brokers are legally able to handle deposits and escrow accounts. 

In most states, real estate agents must work under the supervision of brokers. A licensed broker working under the supervision of another broker is often called an "Associate Broker." If choosing an agent who is not a broker, you should make sure that the agent works for a reputable brokerage.

Real Estate Agent

Like brokers, real estate agents must be licensed by the state in which they are working, something that requires completing a certain amount of coursework, usually at least 50 hours, and passing a licensing exam. 

While real estate agents can list and show houses and work with customers, they are normally employed or supervised by brokers. While all brokers must be real estate agents, not all real estate agents are brokers.

REALTOR®

To use the title REALTOR®, a real estate agent must be a member of the National Association of REALTORS®, and have agreed to follow its code of ethics.

Certified Real Property Appraiser

Although a real estate agent is expert at understanding the market, and helping you determine selling prices and offers for properties, if you intend to get a mortgage, you must get an appraisal conducted by a state-certified appraiser. 

Appraisers have a duty to be objective and unbiased when evaluating properties. The Appraiser Qualifications Board sets training standards for appraisers.

Seniors Real Estate Specialist®

Members of the National Association of REALTORS® who have completed advanced training and passed an examination on addressing the particular real estate needs of seniors can obtain SRES® certification. 

Agents with this designation are adept at helping seniors who may be downsizing, moving to transitional living arrangements, or setting up multi-generational trusts.

Military Relocation Professional

Relocating as a military family brings with it unique challenges, especially in dealing with VA financing and other aspects of the military relocation process. 

This certification requires completing specific coursework and passing an exam focused especially on VA loans and military paperwork.

National Association of REALTORS® Green Designation

Many urban professionals are concerned about the impact of their home choices on the environment. ‘What is the Green Resource Council’ trains and certifies real estate agents to work with homeowners concerned with finding or selling green housing.

If you are looking for a condo to buy in Arizona, We Know Urban Realty will help you find the perfect place. Their realtors are experts when it comes to urban living. Visit the site to see what's available right now: http://weknowurban.com/

Some Pitfalls to Watch for When Buying a Starter Home

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First time home-buyers are the power behind the real estate recovery. Without entry-level buyers, existing homes do not give sellers the ability to buy other homes. When it comes to the real estate economy, buyers of starter homes save the day.

Unfortunately, entry level home buyers frequently work with less experienced real estate professionals who are not as well prepared to support the inexperienced buyer who needs more explanation and coaching. 

The first home purchase is often more stressful than second or third home purchases. Stress and anxiety are contributing factors to the high statistics of pitfalls and setbacks that seem to accompany first home purchases.

Valuable Facts and Tips When Buying a Starter Home

• A small house with a yard is not the ideal starter home for everyone. Entry level buyers have the most success when homes have been viewed on a more recreational and educational level before pre-qualifying for a loan and submitting an offer to purchase. 

Although a downtown high rise condo is not your mother’s first home, a condominium project in an urban setting does not require a major investment in gardening tools, or in many cases, a second car. It is important to know what one really desires as well as what is within a person’s capabilities.

• Once an offer to purchase has been signed by both buyer and seller and the flurry of emotion following acceptance has calmed, the sales contract should be carefully read and reviewed by the buyers in a different setting with minimal distractions. The purpose of this review is to adjust the initial plan of action to conform to what is now a legally binding contract. There are inevitable questions that are best answered early on during the escrow and predictably will come up only after the deal is signed.

• Begin loan process immediately. An appraisal that is not timely, a missing employment verification, or an overlooked bank verification are just a few of the details that will hold up a sale closing and sabotage moving plans for all parties. By starting the financial procedure right away, margins of time are available to solve problems that are minor early on and major when it is time to close the escrow.

• Real estate agents representing first time home buyers are often the hardest workers when it comes to showing property. The lack of experience shows itself with overlooked details that grow into major issues. If questions arising from sales contract reviews are not answered clearly, insist on clarity from the escrow agent, loan officer or broker in charge of the agents’ real estate office as soon as possible.

A home purchase is the largest and most permanent investment most people will ever make. It is normal to have doubts. Whether it is a little cottage in the woods, or a downtown high rise condo; the essential considerations of the home to provide a sense of safety and security, and that the monthly loan payment, projected maintenance costs, insurance and dues are within the capabilities of the buyer(s). If that is the situation, they should make an offer!

If you are looking for a condo to buy in Arizona, We Know Urban Realty will help you find the perfect place. Their realtors are experts when it comes to urban living. Visit the site to see what's available right now: http://weknowurban.com/

Does It Make Sense to Buy a New Home Before You Sell?

Does It Make Sense to Buy a New Home Before You Sell? from Kay Frenzer-Zeeh

If you are looking for a condo to buy in Arizona, We Know Urban Realty will help you find the perfect place. Their realtors are experts when it comes to urban living. Visit the site to see what's available right now: http://weknowurban.com/

Advantages of Buying a Condo

After many years of living in a single family home, many people begin to consider condominium ownership as a good alternative for their changing needs. 

Condominium living in an urban environment is significantly different than the big home in the suburbs. 

It can be the perfect option for young singles who are free to spend their time as they like and for older people thinking about shedding their big home in the suburbs.

If you’re shopping for a new residence, consider the many advantages of owning a condominium:

No Maintenance

If you are moving from a single family home, you are fully aware of the time and money this type of housing requires. High rise condos allow residents to avoid the long weekends of grass mowing and gutter cleaning, so you can spend more time doing the things you love. Maintenance expenses for the condominium are included in your regular monthly or quarterly condominium fee, so you can budget your money more easily.

Shared Amenities

Many condominium lofts and apartments have swimming pools, exercise rooms and clubrooms that are shared in common with other residents. The expense and maintenance for these items are included in your fees, so that you and your guests can enjoy them completely trouble-free.

Close to Urban Excitement

Urban condos are close to restaurants, theaters, shopping venues, museums and other activities, so that you can spend more time enjoying yourself and less time getting there. High rise condos are often located near city centers, which provide many opportunities to participate in civic events, such as holiday festivals, farmer’s markets and specifically- scheduled activities.

Easy Transportation

Urban condos also allow you to access public transportation easily; so that you can get anywhere you need to go. Buses, taxis, subways and walkways are easily accessible and provide cost-effective transportation throughout the area.

For Young Professionals

The purchase of a condominium puts young professionals in the middle of urban activities. These residents often spend long hours at their jobs and don’t have time for long commutes and maintenance. A condominium in an urban neighborhood allows them to easily meet with friends and enjoy all that the city provides.

For Retirees

For older people who have raised their families and now look forward to more freedom in life, the urban condominium can mean increased recreational opportunities and chances to get out with friends more easily. Maintenance expenses for the condominium are included in condominium fees, which make budgeting retirement income easier. Access to public transportation means that you don’t need a car, which can be an important feature for those who can no longer drive.

A Good Investment

Condominiums tend to hold their value under most market conditions. Many people look to condominium living for a variety of reasons, and the number of condominiums that are available tend to be limited. In some cases, condominiums can also provide rental income. For these reasons, your condominium purchase is likely to be a good investment for years to come.

The right condominium can add new dimensions to your life and can make life easier and more enjoyable for people, both young and old.

If you are looking for a condo to buy in Arizona, We Know Urban Realty will help you find the perfect place. Their realtors are experts when it comes to urban living. Visit the site to see what's available right now: http://weknowurban.com/

A Few Red Flags to Watch for When Buying a Home

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When you're buying a home, it's not feasible to have an inspection done on every home that you tour, but it's important to know about any potential problems before you make a commitment. The same principle applies when you're considering a downtown high rise condo.

Homeowner's Association

It's essential to know what the HOA is like before committing to the sale. Each homeowner's association has different rules and a board that makes decisions regarding homeowner's rights.

One way to learn about the HOA is to get copies of the minutes of recent meetings. Some HOA's are more flexible than others. Make sure you understand what improvements or changes you can make to your property that don't conflict with the HOA.

Fees Included in the Price

Most buyers looking for downtown condos to buy calculate what they'll pay for their mortgage but don't always consider additional fees. When you buy a condo, you have to pay a monthly fee that may include:

• Landscaping
• Maintenance of common areas
• Master insurance
• Snow or refuse removal

What most buyers don't know is that the monthly fee isn't the same for every tenant. If you buy a condo that's assessed at a higher rate than some others in the building, your monthly fee may be higher. When you're signing the contract for your condo, the fees must be itemized and included in the contract. The monthly fee may change if the owner of the building plans on making upgrades. If there's a high delinquency rate, the fees may be raised.

Out of Pocket Maintenance and Repairs

It's customary to take out a homeowner's insurance policy when you buy a downtown high rise condo. The HOA fee in many cases includes a master insurance plan that covers damage to the building. Even though some states don't require separate insurance apart from the HOA fees, it's a good idea to have a policy to cover damage to personal items.

Rates of Delinquency

If a substantial number of homeowners in a building are delinquent in paying their HOA fees, it may not be possible to be approved for a mortgage. The same rule often applies when a large number of residents in a building are renters rather than owners. Even if you have a superior credit rating, the building may be considered an apartment building and your mortgage could be denied.

Telltale Signs of Damage

When you're inspecting the condo you want to buy, make sure to look for recent paint jobs in one area or peeling ceilings that could indicate water damage. Check doors and windows to see that they open and shut as they should. Check electrical outlets and fixtures and look for signs of mildew or mold. It's best to contact a home inspector to check out the condo thoroughly before you sign a contract.

The Appraiser's Role

Your lender will have an appraiser inspect the condo to make sure that it's worth the asking price. Buyers have the right to look at the appraisal. Sometimes, the appraiser may make not of potential issues that the buyer should know about before signing the contract.           

If you are looking for a condo to buy in Arizona, We Know Urban Realty will help you find the perfect place. Their realtors are experts when it comes to urban living. Visit the site to see what's available right now: http://weknowurban.com/

An Overview of the First-Time Home Buyers’ Tax Credit

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Planning to settle in a new place? Interested in buying urban condos? If this is the first time you will be buying a home, you need to take note of certain things. First things first; you need to save money for your down payment and other subsequent payments. You also have to consider other government compliance requirements.

But did you know getting a new home is a lot easier than before? Can you believe the state and federal government provide plenty of grants, which makes the entire home acquisition process trouble-free and uncomplicated? What’s more, tax credits and similar options are afforded to many first-time home buyers.

Tax Credit for First-Time Home Buyers

Did you know you can avail of tax credits and federal or state grants? These social legislation measures are aimed at making life easier for people seeking to buy a new home for the first time. If you haven’t purchased a home yet but is planning to acquire one for the first time, these measures set in place under the law can help you afford the payments to your first home.

Do you consider yourself as a first-time home buyer? If you answered “yes” to all these questions, you may be qualified as one under pertinent social legislation:

• Have you owned a home during the 3 years immediately preceding its purchase date?
• Are you a single parent who never owned a home under your name?
• Have you only owned a home together your spouse?

In addition, a displaced homemaker who only owned a home together with his or her spouse may be qualified as a first-time home buyer; this also includes a person who has built his or her home without observing the appropriate building regulations or has not affixed his or her home to a permanent foundation.

Are you wondering what benefits can be derived by such individual? For those who qualify as a home acquisition first-timer, they can avail of special tax holidays like tax credits or refunds or other special benefits or grants from the government. With these privileges, the dream of having a new home becomes closer to reality.

Are you familiar with the Home Mortgage Interest Deduction program of the Internal Revenue Service? This is one of the many tax benefits, which can be enjoyed by people who meet the requirements to be recognized as a first-time buyer. Here, the IRS allows these individuals to deduct the interests paid to lenders against the tax liabilities due.

Another tax benefit that is available to first-timers is the Deduction of Points/Loan Origination Fees. The aggregate amount of fees paid for the home mortgage can be applied as a deduction to any outstanding tax liability. In addition, first-timers can also avail of property tax deductions.

Contact the Professionals

If you don’t know much about the goings-on in the real estate business, it pays to ask the professionals. For everything you need to know about urban condos, it is highly advisable that you speak with the professionals. With their knowledge and experience, they can help you look for the best condo unit that suits your needs and fits your budget.

If you are looking for a condo to buy in Tempe, Scottsdale and Phoenix, We Know Urban Realty will help you find the perfect place. Their realtors are experts when it comes to urban living. Visit the site to see what's available right now: http://weknowurban.com/

Does the Buyer or Seller Hire the Appraiser?

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People in the market for downtown Phoenix condos often seek information on getting a real estate appraisal on their potential new home. As with other property, the fair selling price on Scottsdale condos is determined by a real estate appraisal.

What Is an Appraisal?

An appraisal is intended to be an unbiased estimate of a fair price for a property. First, the appraiser visually inspects the property, noting such features as location, condition, number of bedrooms and bathrooms, extras like a garage or pool. Measurements and photos are taken and the physical report completed. A less complete approach called a drive by appraisal involves the appraiser driving by the property and then researching real estate records; it is not accepted by most lenders.

After a physical assessment is done, the appraiser determines value by using sales comparisons, cost approach or both. The sales approach takes into consideration recent sales of similar homes in the area using standard formulas to account for such differences as size variances, fireplaces, mudrooms or garages. The cost approach, on the other hand, uses local building costs and labor rates to figure out how much the house would cost to build. The most common type of appraisal is the Uniform Residential Appraisal Report (URAR), which combines the sales and cost approaches.

What is a Real Estate Appraiser?

A real estate appraiser is a licensed contractor usually hired by the lender. Knowledgeable about real estate, an appraising professional knows how to evaluate properties, such Phoenix condos, on the basis of neighborhood, housing trends, physical condition and a host of other variables that go into determining the current value of a home. To get a fair appraisal, it’s best to hire a professional who works with a number of lenders so that there is no conflict of interest.

What Is the Purpose of an Appraisal?

Mortgage lenders generally require an appraisal because they will only loan an amount of money in line with the property’s appraised value. With the high price of homes and condos in today’s marketplace, it’s important to ensure the loan is paying for a home worth its selling price. If the appraisal comes in below the amount of the sale, either the buyer must put more money down or the contract must be renegotiated to account for the lower value.

Who Pays for the Appraisal?

Because the lender is requiring the appraisal, it’s usually the buyer who pays the bill. In most sales, the lender orders the appraisal, the buyer pays for it and then the lender takes a close look at the appraisal itself before approving the mortgage. While drive by appraisals cost less than complete property appraisals, they are often not accepted by mortgage lenders. If the home doesn’t appraise for the agreed upon selling price, the buyer may ask for a second appraisal from a different appraiser. Appraisals are usually paid for at closing, and you should be sure to keep a copy for your own records.

Exceptions to the Rule

In a few cases, sellers may be expected for the appraisal. For instance, in FHA-insured mortgages, the seller or mortgage lender is expected to foot the bill for a second appraisal. Because the real estate business is built on endless negotiations, a bank or other lender can feel free to allow a seller to pay for the appraisal.

If you are looking for a condo to buy in Tempe, Scottsdale and Phoenix, We Know Urban Realty will help you find the perfect place. Their realtors are experts when it comes to urban living. Visit the site to see what's available right now: http://weknowurban.com/

Family-Friendly Fare in Phoenix and Scottsdale

Scottsdale and Phoenix are extremely family-oriented cities with many of their attractions and restaurants aimed to please children as well as discriminating adults. Whether you live locally or are visiting, here are some suggestions for your family entertainment pleasure.

McCormick-Stillman Railroad Park

7301 E Indian Bend Road, Scottsdale

This 30-acre amusement park has a 10,000 square foot Exhibition Hall that is filled with electric trains, toy trains, model sets, and train memorabilia, Admission is free, but there is a donation box if you’d like to help to build new displays. The Railroad Museum features a Pullman dining car that is fully restored with vintage decorations to give you an idea of what it actually looked like.

A special Train was donated by Guy Stillman, who had a chance to sell it to Walt Disney but kept it in Scottsdale. It runs an approximate eight-minute ride around the park and even has a Cattle Car that kids love cramming into. You can also ride on a historic 1950s Carousel. There is a traditional playground and another designed to look like an Old Western Town with a Bank, a Jail, a Stagecoach and a Gold Mine.

MacDonald's Ranch

26540 North Scottsdale Road, Scottsdale

This is FREE and offers pony rides around the grounds for the children, a petting zoo with miniature horses and other animals, cowboy cookouts, learning to lasso, play horseshoes and ring toss, and photo ops that can be taken in front of a Saloon and General Store.

CrackerJax Family Fun & Sports Park

16001 N. Scottsdale Road, Scottsdale

This is 28 acres of fun and excitement. You can get a wristband that entitles the wearer to four hours of unlimited rides, go carts, bumper boats, laser tag games, and miniature golf. There is an extra charge for the batting cage, driving range, and bungee dome.

Phoenix Children's Museum

215 N. 7th Street, Phoenix

In the Art Studio, children can create art projects and paint a castle, the Book Loft is for reading books, the Building Big space is for building houses and forts, the three-story Playscape is for climbing, tricycles can be ridden through a car wash, there is a play market and kitchens, and Desert Delights displays Arizona painters.

Beckett's Table

3717 E Indian School Road, Phoenix

The restaurant has a special kids menu of sliders, mac and cheese, pasta with red sauce or butter, grilled chicken skewers, PBJ with no crust, a hot dog, or a quesadilla. Kids plates come with fruit or fries, a beverage and a cookie.

The s'mores plate has squares of perfectly roasted marshmallows, small squares of graham crackers, an artistic swirl of creamy peanut butter, and chocolate covered bacon!

Chelsea's Kitchen

5040 N 40th St., Phoenix

A kid's menu features grilled cheese, mac and cheese, a fish plate, chicken tacos, and special creations like "Little Monkey" pancakes and PB&J sushi rolls. They give everyone free chocolate chip cookies with sea salt on the way out!

If you reside in downtown Scottsdale, perhaps in one of the stylish Scottsdale high rise condos, and you have guests with children that want to be entertained, you have an excellent selection of activities and restaurants to present to them. Have fun!

If you are looking for a condo to buy in Tempe, We Know Urban Realty will help you find the perfect place. Their realtors are experts when it comes to urban living. Visit the site to see what's available right now: http://weknowurban.com/

A Guide to Premier Phoenix Antiquing for Vintage Enthusiasts

Vintage enthusiasts will find that antiquing in Scottsdale or Phoenix is an excellent and intriguing pastime with many treasures to be discovered. Our area has vintage shops for just about any collectible whether it is “antique” and over 100 years old or just tons of “vintage” items that are somewhat newer and bring back fond memories.

Antique Trove

2020 N Scottsdale Road, Scottsdale

Be greeted with 1950s and 1960s oldies music playing on the overhead speakers in this huge store with individual dealer showcases and displays. You will find furniture, jewelry, sports memorabilia, Disney items, Christmas ornaments, turn of the century rare finds, and so much more. It is a wonderland of timeless pieces that will excite any collector.

Best for Vintage Dishware - Flo's on 7th

4116 N 7th Ave, Phoenix

Dishes and serving pieces including vintage Italian dishware will often be tagged with the set's current eBay value! There is jewelry, furniture, Jimmy Choo, Prada, books, purses, Disney movie stills, high-quality nicely arranged used and vintage clothing, electronics, appliances, and so much more. All blue tag items are only a whopping dollar!

The best part is that all of the money raised by this store goes to Florence Crittenton of Arizona, a non-profit organization that has served Arizona's youth and their families for over a century. Its mission is to mainly help at-risk girls from ages 12 to 21 overcome behavioral and/or mental health problems, neglect, abuse, teen pregnancy, teen parenting, and education. Safe environments are created for young adults and families to discover the support of a caring community and the possibility of a new and brighter future.

Best Vintage Christmas and Other Stuff: Zinnias on Melrose

724 W Indian School Road, Phoenix

In addition to Christmas holiday items, there is art, lamps, furniture, toys, mirrors, light fixtures, old photographs, and tons of beautiful pieces in many retro, shabby chic, handmade, contemporary, novelty and some antique articles. There are more than 30 vendors, all with different styles, tastes and offerings. Be sure to shop upstairs, also.

Best Place to Buy Vintage Clothing: Antique Sugar at Zinnia's

724 W Indian School Road, Phoenix

This is inside and connected to the Zinnia’s antique store above. It is a great vintage shop specializing in well-kept and unique 1920s through 1980s clothing in excellent condition as well as a wide selection of jewelry and other vintage accessories. They even have big girl clothes on one rack for curvier gals, a nice mens section, and cute vintage kids clothes,

Best Vintage Lighting Fixtures - Stuff Antiques

4206 N Central Ave., Phoenix

This place is filled to the rafters with a treasure trove of period lighting with stunning exceptional examples of Antique, Art Deco, Victorian, Arts and Crafts and Mid-century Modern pieces. Look overhead to see fabulous ceiling fixtures that make this feel more like a museum of exceptional lighting and a lighting fantasy land rather than just a shop.

There is also antique furniture, display cabinets, stained glass windows, slot machines, gumball machines as well as repair, restoration, and preservation work being done on antiques.

If you are fortunate to be living in one of the Scottsdale high rise condos in downtown Scottsdale, you are close enough to enjoy the local and Phoenix antiquing for exciting purchases or just to browse.

If you are looking for a condo to buy in Tempe, We Know Urban Realty will help you find the perfect place. Their realtors are experts when it comes to urban living. Visit the site to see what's available right now: http://weknowurban.com/

Everything You Need to Know About Title Insurance

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If you’re looking at downtown Phoenix condos, you may want to become educated on the basics of title insurance. Purchase of a policy at Scottsdale condos closings can save you from a multitude of potential legal and financial issues that problems with the title search to your property could cause.

What Is Title Insurance?

Anyone purchasing Phoenix condos should have a title search performed before closing, as more than one-third of all title searches uncover a problem that can and should be resolved before purchase is completed.

After your sales contract has been accepted, a title researcher will examine public records to scout out any problems with the title, a process which involves reviewing several years of real estate records. This search is intended to make sure the property actually belongs to the seller, that he is free to sell it and that it can be transferred to you at the time of closing free and clear of any other liens. However, title searches may miss serious problems, so homeowners should take the step of buying an owner’s title insurance policy.

Potential Problems With Property Titles

Title problems range from fairly minor to potentially disastrous. A title search may reveal, for example, that the previous owner had failed to pay property taxes or had minor repairs done and had not paid the contractor. It may even be found that the seller doesn’t really own the property, that the home is part of a conflicting will or actually belongs to undisclosed heirs.

Why Buy Title Insurance?

Although a title search should technically uncover any problems with the title, there are cases in which a problem is accidentally missed or is not in the public records. Purchasing an owner’s policy of title insurance will help protect your purchase from the fallout of these unforeseen problems. The policy is purchased at closing for the amount of the real estate purchase and is in effect for as long as you or your heirs own the property.

What Kinds of Issues are Covered?

Owner’s title insurance covers a broad range of potential problems, ensuring that your title company will stand behind you, even covering legal defense if necessary, if a title problem arises after the title search is done and you have bought your home. Common issues include forgery, undisclosed heirs, omissions/errors in deeds or mistakes in examining records during the title search. If you’re in the market for Phoenix condos, check on how this insurance is requested and how it is paid for in your area, as it is not an automatic part of the closing process.

Title Insurance and Refinancing

Refinancing of downtown Phoenix condos is considered a new loan and involves a new title search to ensure full protection of your real estate investment. However, if you bought owner's title insurance at your original closing, the policy should still be in effect for as long as you or your heirs own the property.

Title Insurance and New Homes

Even if you build a new home, you are unlikely to be the first owner of the undeveloped land. There could be many prior owners, and could possibly be liens against the property. Any prior builder or subcontractor who was not paid could place a lien, and purchasing an owner’s title insurance policy will cover any possible problems and associated legal fees.

If you are looking for a condo to buy in Tempe, We Know Urban Realty will help you find the perfect place. Their realtors are experts when it comes to urban living. Visit the site to see what's available right now: http://weknowurban.com/

Shopping for Homes in Every Season

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There is much debate as to whether any particular season is better for purchasing a home. Potential buyers in the market for downtown Phoenix condos might want keep a couple of things in mind as they browse the tempting array of Scottsdale condos currently for sale throughout the seasons.

Generally, the housing market wakes up as winter ends and along with it the annual sales and inventory lows of December and January. People start looking seriously in throughout the end of winter and early spring, with peaks of search activity in March and April, slight dips in May and peaks in June and July.

Winter

For buyers, winter can be a great month to purchase a new home. During the holiday season, far fewer people are out looking, giving you a better chance to snag one of the Scottsdale condos of your dreams. With less buyers to deal with, realtors can be more flexible with their schedules and have the time to really get to know you and understand exactly what you’re looking for. Incredibly, the best day of the year to buy a home is actually Christmas day: sellers are more inclined to be feeling generous, fewer other buyers are out looking and home prices are at their 12-month December low.

Spring

In spring, flowers push up towards the sun and the housing market blooms with scores of new listings and for- sale signs. This could be the perfect time to scout around for downtown Scottsdale condos. Everyone is looking for a deal, and the market is flooded with inventory, more than at any other time of year. Spring brings a lot of activity because both buyers and realtors are glad to be back out after the long winter, and a purchase in spring can mean a timely move after school is over. Amazingly, Easter Sunday is the second best day of the year to buy a house. However, spring isn’t always the best month for buyers, as the competition for properties is high, meaning multiple offers may cause you to pay more than you planned for Phoenix condos.

Summer

The housing market continues to be strong throughout the summer, with listings tailing off a bit towards the end of the season. Often, people who are relocating want to be sure they’ve sealed the deal and closed on the home in time to move and get their kids settled before starting a new school in September. There’s plenty of inventory, but, as in spring, prices tend to be higher and there’s lots of competition for desirable properties, which could mean a stressful bidding war. Homes look their summer time best, with colorful shrubs and flowers and plenty of friendly neighborhood bustle.

Fall

Autumn brings falling leaves and falling inventory, particularly toward late November, but early fall is the busiest season next to springtime for home sales. Buyers are often looking toward tempting autumnal benefits. Property taxes and mortgage interest are both deductible from gross income, providing tempting year-end tax breaks, and the season’s temperate weather is perfect for moving. Many realtors have found that autumn’s buyers and sellers tend to be more serious and motivated, unlike the “window shoppers” of spring.

Whatever season brings you within reach of your ideal home, always remember to stick to your budget and only make an offer that you can reasonably afford. Getting prequalified for a mortgage will enable you to act quickly if you find the Scottsdale condo of your dreams.

If you are looking for a condo to buy in Tempe, We Know Urban Realty will help you find the perfect place. Their realtors are experts when it comes to urban living. Visit the site to see what's available right now: http://weknowurban.com/