2019 | Andrew Robb RE/MAX Fine Properties

14358 W GELDING DR, Surprise

June 13, 2019 By Andrew Robb

* SOLD * For the discerning buyer, everything has just been expertly completed a few days ago. Stunning master bathroom remodel features oversized custom his/her dual-head glass shower. Entire interior painted in two-tone, along with entire exterior of home. New carpet installed throughout home and tiles/grout professionally cleaned. Brand new LG stainless steel stove and microwave. You’ll also enjoy upgrades galore, like spacious open kitchen with granite counters, island, walk-in pantry & 42″ staggered upper cabinets, gas fireplace at family room, surround sound wired interior & exterior, 2×6 construction & extra insulation. Popular floorplan with 5 large bedrooms, open bonus/game room, extended covered patio, 2.5 car garage & RV gate.

Surprise home for sale, marketed by Surprise AZ Realtor Andrew Robb.

Listing Price: $329,000
MLS #: 5939094
Address: 14358 W GELDING DR
City: Surprise
State: AZ
ZIP: 85379

Home Size: 3,300
Lot Size: 7,442
Bedrooms: 5
Bathrooms: 2.5
Garages: 2.5
Pool: N

Filed Under: $300,000-$400,000, 3000 sq ft - 3500 sq ft, Property Location, Property Price, Property Size, Surprise Tagged With: Granite Countertops, Stainless Steel Appliances, Surprise

16917 N 159TH AVE, Surprise

May 30, 2019 By Andrew Robb

* SOLD IN 2 DAYS AT FULL PRICE * Former model home shows incredible pride of ownership, with pool, 2 bedrooms & den/office (with closet niche) that could be converted to 3rd bedroom. Delightful backyard has water fountain, expanded covered patio w/enclosed lanai & ceiling fan. Added benefits: no carpet in home, oversized Trane AC & air handler replaced 2012, exterior paint new 2018 & dishwasher new 2018. All included: fridge/washer/dryer, master bedroom 55″ smart TV & 8-camera monitoring w/DVR, 2nd bedroom 42″ wall mounted TV, all exterior wall art & decorations, chimea fireplace & swing. Garage has workbench w/bolted-on grinder & vice, ladder on ceiling, floor coating, insulated door w/windows, plus access to attic that is carpeted, insulated & fan vented for tons of storage – totally tricked out!

North Surprise home for sale, marketed by Surprise AZ Realtor Andrew Robb.

Listing Price: $229,000
MLS #: 5926564
Address: 16917 N 159TH AVE
City: Surprise
State: AZ
ZIP: 85374

Home Size: 1,199
Lot Size: 6,027
Bedrooms: 3
Bathrooms: 2
Garages: 2
Pool: Y

Filed Under: $200,000-$250,000, Property Location, Property Price, Property Size, Surprise, Under 1500sqft Tagged With: Private Pool, Surprise

Refinance FHA loan to Conventional loan

April 15, 2019 By Andrew Robb

I often have past clients who purchased their home in Phoenix with an FHA loan ask me about the current estimated value of their home because they are considering refinancing an FHA loan into a conventional loan. Why should you also look into this? To save money every month!

Homeowners who purchased a house using an FHA loan most likely put 3.5% of the purchase price as a down payment. In order to make the lender comfortable with a reduced down payment, this buyer was required to carry mortgage insurance for the life of the FHA loan. How much does mortgage insurance cost? It’s calculated as a function of the size of the loan and the borrower’s credit score (FICO) but typically runs about $200 per month for an FHA loan of $275,000 with a FICO of 700. The monthly mortgage insurance premium declines as the loan balance is paid down, but still amounts to $30,000 for the life of the FHA mortgage in this example!

To qualify for a conventional loan, borrowers must put down 20% of the purchase price of the home. If they go the FHA route of 3.5% down, they will need to contact their lender when they believe they have now built up 20% or more equity in the home. How do you build 20% or more equity? By either paying down the loan balance so the loan to value ratio is less than 80% (it started out at 96.5% in FHA scenario) and/or by having the home value increase. With Phoenix home values up substantially in recent years, if you purchased your home with an FHA loan, odds are you are in a great situation to refinance out of your FHA loan into a conventional loan.

I urge you to contact your lender to inquire about making this change to save thousands of dollars. If you are unsure of your home’s current value to assist in determining if your loan to value ratio is below 80%, request your no-cost and no-obligation Phoenix home value estimate from me. I do not need to visit your home and you will receive your report from me within 24 hours to present to your lender to see if you qualify for an FHA refinance.

Filed Under: Real Estate Tips Tagged With: conventional, fha, loan, refinance

Calculating Phoenix Home Value

March 28, 2019 By Andrew Robb

Estimating the value of a Phoenix home is a science more than it is an art. Factors like average days on market, availability of other competing homes for sale and seasonal demand fluctuations should all be taken into consideration – but more so when determining the pricing strategy for your home, not calculating its market value.

Phoenix home value is calculated using a fairly strict set of criteria, including using:
– similar size homes (generally not more than +/- 15% in square footage difference)
– similar age homes (generally not more than +/- 10 years difference)
– similar neighborhoods or subdivisions (appraisers typically will not cross a major road or highway to find comps)

Phoenix home value is impacted by differences in:
– quality of home construction
– quality of improvements made
– size of lot
– lot views and/or privacy
– number of garage parking spaces
– number of bathrooms
– having a pool and/or spa
– having a fireplace

Once an opinion of fair value has been reached, how do you determine pricing strategy?

Within each neighborhood there are typically 3 price ranges:
– high (homes that bring the most $/sqft)
– low (homes that bring the least $/sqft)
– mid (homes that fall between high and low)

Most value ranges vary by more than $10/sqft so it is important to select the appropriate price range for the home and then to correctly position the home within the appropriate range. Having your home well positioned within the correct range doubles your chances of getting the home sold. Keep in mind that selling a home is both a price war and a beauty contest.

As you have probably realized by now, figuring out a home’s realistic market value and proper pricing strategy goes way beyond finding out what a neighbor sold their house for and multiplying that $/SQFT ratio by the total SQFT of living space in your house. Submit your property details if you would like me to provide you with a no cost, no obligation, value estimate for your Phoenix home.

Filed Under: Real Estate Tips Tagged With: home value, property appraisal

6752 W LUCIA DR, Peoria

February 21, 2019 By Andrew Robb

* SOLD FOR 98% OF ASKING PRICE * Original owner home has been incredibly cared for in every respect! Flawless condition Camelot home on large premium lot with mountain views inside gated community. Private courtyard with custom iron door leads into round foyer with soaring ceiling. Upgrades are found at every turn: travertine floor, plantation shutters, gigantic granite kitchen with hand-rubbed cabinets & pull-out drawers, farm sink, sub-zero fridge, gas cooktop, double ovens & warming drawer, custom fireplace & built-ins at family room, alarm system, expanded covered patio, 3-car garage with epoxy flooring, lots of storage cabinets plus separate 4th car garage. Oversized RV gate & paver stone driveway offers plenty of parking. Secluded north Peoria community of Sonoran Mountain Ranch.

North Peoria home for sale in Sonoran Mountain Ranch, marketed by Peoria AZ Realtor Andrew Robb.

Listing Price: $649,000
MLS #: 5886369
Address: 6752 W LUCIA DR
City: Peoria
State: AZ
ZIP: 85383

Home Size: 3,889
Lot Size: 16,272
Bedrooms: 4
Bathrooms: 2.5
Garages: 4
Pool: N