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29th Annual Freedom Wireless Fabulous Phoenix Fourth Celebration

by The Russo Team

29th Annual Freedom Wireless Fabulous Phoenix Fourth Celebration 

What better way to celebrate the 4th of July than with the 29th Annual Freedom Wireless Fabulous Phoenix Fourth Celebration. The Fabulous Phoenix Fourth takes place this Saturday, July 4th from 6:00 p.m. to 10:00 p.m. at Steele Indian School Park located at 300 East Indian School Road Phoenix, AZ.

This annual Arizona Independence Day event features two stages of live local entertainment, inflatable rides and activities for purchase in the Kids Zone, a classic car exhibit, a "Splash Zone" area where participants can cool off, and a patriotic program. The fantastic fireworks display begins at 9:30 p.m. Guests also can purchase food from more than fifty food and beverage vendors, and enjoy free community information booths and displays. This fun event is free and open to the public. Visit www.phoenix.gov for additional event details.

For additional local community events in the Signs of downtown Phoenix area please contact the Russo Team.  Have a safe and Happy 4th of July! - Frank

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3 Tips to Refinance Your Home

by The Russo Team

3 Tips to Refinance Your Home

Thinking about refinancing your home this summer but not sure if the timing is right or how to go about it? You’re in luck because now is a great time to refinance! Interest rates are still at historic lows despite an increase over the last few weeks. In fact, the average rate for a 30-year, fixed-rate mortgage was 3.87 percent in the last week, and the average rate for a 15-year mortgage was 3.11 percent, according to the Freddie Mac weekly mortgage rate survey. So if you're currently paying an interest rate of more than five percent, now may be the best time to refinance your mortgage. Here are 3 tips to refinance your home.

1.) Calculate your savings: Before you refinance your home mortgage, you have to determine whether or not it will save you money. It’s best to calculate whether a new home loan will save you money based on the time left to pay off your old loan and whether or not you’ll have lower more manageable monthly payments.

2.) Perfect your credit: Your credit score plays a huge part in determining what rate you get on your new loan. Before you even apply for refinancing, get a free copy of your credit report and confirm there are no errors that could prevent you from getting the lowest rate possible. Any discrepancies should be addressed as soon as possible before applying and be sure they’ve been cleared up before moving forward. 

3.) Be prepared: Refinancing your mortgage requires a of paperwork. Not as much as what you needed to originally qualify for your home, but quite a bit more than you’d expect. So be prepared. Gather your essential documents such as proof of income, tax returns, bank statements and more and keep them all organized together or scanned in a safe online folder. Missing documents will only slow down the refinancing process so the more organized you are the better.  

Have questions about refinancing your home or looking to sell your Arizona home? Call the Russo Team today for a complimentary assessment of your home’s current value. Our expectation is to make the real estate experience the best it can be for you! – Frank

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*This communication is provided to you for informational purposes only and should not be relied upon by you. RE/MAX Professionals is not a mortgage lender and so you should contact a mortgage company directly to learn more about its mortgage products and your eligibility for such products.

National Housing Report Shows Soaring Sales for Summer

by The Russo Team

National Housing Report Shows Soaring Sales for Summer

The temperature isn’t the only thing rising in the Valley of the Sun. The most recent RE/MAX National Housing report is showing soaring sales for summer that will hopefully carry over throughout the season. Home sales in April were greater than in any other April since the RE/MAX National Housing Report began in 2008. This continued a three-month trend in which sales were higher than both the previous month and the same month in the previous year.

The Median Sales Price of a home sold in April was $203,500, which was 7.1 percent above the price in April 2014. The inventory of homes for sale appears to be starting an upward trend, with a 2.3 percent increase from the inventory in March. With a growing rate of home sales, the resulting Months Supply of inventory in April was 3.6 on a scale where 6.0 months indicates a market balanced equally between buyers and sellers. The average month-over-month increase for the first four months of 2015 has been 4.0 percent. February, March and April 2015 have all recorded the highest number of sales in these months.

“The spring selling season has gotten off to a very strong start. We saw a significant jump in sales in March, and now April has pushed even higher. With an improving economy and continuing low interest rates, potential buyers are motivated to enter the market. These conditions, along with rising prices are also encouraging sellers.”

Dave Liniger, RE/MAX, LLC CEO, Chairman and Co-Founder

 

Among the 53 metro areas surveyed, 50 reported higher sales prices than one year ago, with 15 rising by double-digit percentages. Click here to download your copy of the April 2015 RE/MAX National Housing Report.

If you’re looking to sell your Arizona home or to purchase an Arizona home this year, please contact the Russo Team today and receive a complimentary analysis of your home’s approximate present value on the market today. Your complete satisfaction with our service and representation is always our number one priority. -Frank

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5 Arizona Pool Safety Tips for the Summer

by The Russo Team

5 Arizona Pool Safety Tips for the Summer

Summer is here and with the rising temperatures comes ice cold drinks and lounging by the pool. Arizona is called the Valley of the Sun for a reason and more often than not, people of all ages choose the pool as the perfect way to enjoy Arizona summers. However with an uptick of pool use comes an uptick in accidental drownings. In fact, on average, nearly ninety people die from drowning in Arizona each year with the majority of those deaths happening between April and August.

Children make up twenty percent of the number of total drowning deaths in Arizona according to the Arizona Department of Health Services. And sadly, news reports valley wide usually center on children who have drowned in their family's or a friend's backyard swimming pool. About seventy-five percent of those drownings were being supervised around water by at least one adult and were out of the sight of those adults for five minutes or less. So how can you help prevent summer drownings? Here are 5 Arizona pool safety tips for the summer.

1.) Never leave a child alone near water. If you must leave, take your child or children with you.

2.) Enroll children over age three in swimming lessons taught by qualified instructors.

3.) Always use approved personal flotation devices (life jackets).

4.) All gate locks and latches should be checked regularly to insure they are working properly and adhere to Arizona residential pool codes and standards. Also, a gate should never be left propped open.

5.) All residential pool owners should attend water rescue and CPR/CCR classes. Otherwise CPR/CCR instructions and the 911 emergency number (or local emergency number) should be posted in the pool area.

Water play is fun, but water safety is serious business and should be a high priority for Arizonans. Following these 5 Arizona pool safety tips for the summer can keep your outdoor activities fun, and your friends and family safe for many summers to come. –Frank

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Russo Team Newsletter June 2015

by The Russo Team

Russo Team Newsletter June 2015

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Don’t Get Burned by High A/C Bills this Summer

by The Russo Team

Don’t Get Burned by High A/C Bills this Summer

Feeling the heat of the Arizona summer already? May is the unofficial starting season of summer in Arizona and residents and their utility bills are already feeling the burn. Did you know that cooling accounts for forty percent of the energy consumption in the average Arizona home? It’s not uncommon to see bills ranging from $200 to $400 and up when the temperature starts creeping up on the thermometer. In summer energy demand can be higher with weather responsible for up to seventy percent of your electric bill according to Arizona Public Service (APS) department. Here are three tips to help you avoid getting burned by high a/c bills this summer.

Air Filters: Replace disposable air filters or clean permanent ones at least once a month. A dirty filter forces your equipment to work harder, causing higher energy bills. Replacing your air filter at least once a month helps to save energy and increase the life of your cooling system. Additionally, experts also suggest leaving most of the air vents open in your home. Closing air vents in more than ten percent of your total air conditioned space creates a pressure imbalance and reduces the effectiveness of your cooling system.

Windows: Believe it or not, windows account for half of a home’s summer temperature increase. So first, be sure to check windows for any hot air leaking in and seal them with caulk or weather stripping. If you have curtains close them on windows that receive direct sunlight. Looking for more protection? Consider installing sunscreens on the exterior of windows that receive direct sunlight to block sun from reaching the glass. Sunscreens can block as much as sixty to eighty percent of the sun’s heat from reaching the glass. Not crazy about the look of sun screens? Installing mini-blinds or shutters can reduce solar gain by forty to fifty percent.

Thermostat: If you don’t already have one, installing a programmable thermostat will not only save you time, but energy costs as well. Programmable thermostats allow you to program the temperature in your home to increase by five to ten degrees while you're away and to return to a comfortable level an hour before you return. For every degree you set your thermostat above eighty degrees, you can save approximately two to three percent on cooling costs. The rule of thumb is to set the thermostat between seventy-eight to eighty degrees when you are home and up to eighty-five degrees when you are away.

Just because the heat is creeping up towards the triple digits doesn’t mean your air conditioning bill has to too. Utilize these tips and don’t get burned by high A/C bills this summer. – Frank

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Explore the Roosevelt Row Arts District

by The Russo Team

Explore the Roosevelt Row Arts District

Looking to support local art and culture in the historical downtown Phoenix area? You’ll definitely want to check out the Roosevelt Row Arts District, if you haven’t already. Also known as RoRo by the locals, the Roosevelt Row Arts District is a walkable, creative district in the urban core of downtown Phoenix that is nationally known for its arts and cultural events, award-winning restaurants, galleries, boutiques and live music. Even if you’ve been before, there’s always a variety of activities, artists, and festivals to entertain even the most seasoned Signs of downtown Phoenix visitors and natives.

This fantastic district is fostering an urban renewal with rehabilitated bungalows and new infill projects, and connects downtown Phoenix to historic neighborhoods including F.Q. Story, Willow, Roosevelt, Historic Roosevelt and Grand Avenue just to name a few. Roosevelt Row begins at 7th Avenue and extends east to 16th Street. On the north side it begins at Interstate 10 and extends south to Fillmore Street.

Once a run-down area filled with abandoned buildings and former crack houses, talented local artists begin utilizing the space for affordable studio and gallery space. And thanks to the arts becoming a major factor in the revitalization of the area, the Roosevelt Row Arts District has since re-emerged as one of the most dynamic areas in downtown Phoenix.

Visit http://www.rooseveltrow.org for more details and upcoming events happening in the Roosevelt Row Arts District. And for more local events happening in the Signs of downtown Phoenix area, please contact the Russo Team today. – Frank

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April National Housing Report

by The Russo Team

April National Housing Report

According to the April National Housing Report , homes sales are beginning to bloom. March home sales rose a significant 33.9 percent over sales in February. The total number of home sales in March was the largest total of any previous March. When compared with sales last March, the increase was 9.9 percent.  This marks the third largest single month increase since the RE/MAX National Housing Report began in August 2008.

“The prime selling season this year is starting with a bang. After a harsh winter, it appears many consumers are eager to get out and shop for a new home, despite lingering inventory issues and rising prices. The many positive stories we’re hearing from our agents across the country are reflected in these very impressive March numbers.”

-Dave Liniger, RE/MAX, LLC CEO, Chairman and Co-Founder

Nearly every metro experienced double-digit month-over-month sales increases with the exception of Baltimore, which saw an 8.4 percent monthly increase. The Median Sales Price of $204,000 in March was also higher than last year by 8.5 percent.  With a higher rate of sales, the resulting Months Supply of inventory fell further to 3.7 on a scale where 6.0 months indicates a market balanced equally between buyers and sellers.

In March, forty-three of the fifty-three metro areas surveyed reported higher sales on a year-over-year basis, and thirty-one of those saw increases in double-digits. Click here to download your copy of the April National Housing Report.

If you’re looking to sell your Arizona home or to purchase an Arizona home this year, please contact the Russo Team today and receive a complimentary analysis of your home’s approximate present value on the market today. Your complete satisfaction with our service and representation is always our number one priority. -Frank

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Gorgeous Remodeled Phoenix Home for Sale

by The Russo Team

Gorgeous Remodeled Phoenix Home for Sale

This gorgeous remodeled Phoenix home for sale is an absolute MUST SEE! The two bedroom, two bath home is 1,437 square feet and located in the historic Encanto Palmcroft district that overlooks the beautiful Encanto Park. This gem has been completely remodeled - new kitchen, new bathrooms, new hardwood and tile throughout, solid surface kitchen and bathroom countertops. Very cool master shower with fold-away doors for extra space. The large master bedroom features a walk-in closet. Two gas fireplaces are inside to offer you a warm welcome home. A wall of glass off the kitchen opens up to create indoor outdoor entertainment space and will knock your socks off!

The outside is as welcoming as the inside and boasts a new sparkling lineal pool with separate portable hot tub as well as water and fire features. There’s also high end artificial turf throughout the backyard and an entertainment bar as part of patio. Can you see your loved ones gathering here on cool spring nights? The former garage has been converted to wet bar with workspace and full closet for storage with workbench and sink. A hobbyists dream!

Don’t wait another minute to see this gorgeous remodeled Phoenix home for sale in the historic Encanto Palmcroft district. Contact the Russo Team today to schedule a viewing of 1309 W HOLLY Street, Phoenix, AZ today!

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Russo Team Newsletter May 2015

by The Russo Team

Russo Team Newsletter May 2015

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Displaying blog entries 1-10 of 269