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3 Halloween Home Safety Tips for a “Spooktacular” and Safe Night

by The Russo Team

3 Halloween Home Safety Tips for a “Spooktacular” and Safe Night

Halloween is a time for little ghosts and goblins to rule the night seeking tricks and treats throughout the neighborhood. It’s even a time that adults can enjoy as well. Because of this increase of traffic on October 31st, it’s important to take precautions so that you and yours can enjoy the evening without anyone getting hurt. Here are 3 Halloween home safety tips for a “spook-tacular” and safe night.

1.) Light the way for trick or treaters: Passing out candy this year? Be sure your front yard and walkway are free and clear to avoid tripping hazards. Having your porch light on or well-lit decorations will help it so that every little boy and ghoul can make it to your front door hazard free. And if you’re planning n using real candles inside a jack-o-lantern or to light your walk-way consider safer options. The National Fire Protection Association warns this type of lighting causes a fire hazard to your home. Instead of real candles, opt for LED tea lights or wind a string of orange lights around your front porch.

2.) Protect your pets and partiers: Got a furry friend who normally loves company? On a night filled with masked arrivers and excessive doorbell ringing, all the noise and activity could frighten your favorite feline or Fido and causing them to get underfoot or worse, accidently bite a trick or treater. It’s best to keep your pets safely locked up to keep them and your guests safe.

3.) Indoor safety isn’t scary: If you’re hosting a party or an open haunted house, be sure to check your fire alarms to make sure they’re operating effectively. Also, keep decorations like crepe paper away from carved pumpkins and open flames. The U.S. Fire Administration also recommends making sure any decorative lights you plan to use have sockets, wires and connectors that are in good working order before use.

Have more safety tips? Please feel free to share them on our Facebook page. The Russo Team wishes you and safe and spook-tacular Happy Halloween! – Frank

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Move to the Engaging Encanto Manor Historical Neighborhood

by The Russo Team

Move to the Engaging Encanto Manor Historical Neighborhood

Taking a single stroll or a drive on a sunny day through the Encanto Manor neighborhood will instantly charm you. The vast front lawns that hold well-loved historical homes paint a picture of pride and beauty that makes it clear as to why so many want to move to the engaging Encanto Manor Historical Neighborhood.

There are countless reasons as to why so many fall in love with the Encanto Manor Neighborhood at first sight. Some love it for the beautifully maintained Encanto Nine Golf Course at the heart of the city. Some love the rich stories that the walls of these post WWII subdivisions could tell. And others are enchanted by the 1940’s and 1950’s ranch style architecture many of which feature solid red brick homes, shutters, and large lush lawns that are as pretty as a postcard.

The Encanto Manor Historic District resides just south of Thomas Road between 7th and 15th Avenue. There are eighty-three homes that average 2,000 square feet and feature large lots with ample front yards that rival that of homes in the east coast. The neighborhood’s amazing location in downtown phoenix is near many city amenities, dining, shopping, and cultural venues.

Want to make your move to the engaging Encanto Manor Historical Neighborhood? Contact the Russo team today to receive a complimentary copy of the Real Estate Market Update for Encanto Manor Historic District each month.

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September National Housing Report Reflects Slow and Steady Pace

by The Russo Team

September National Housing Report Reflects Slow and Steady Pace

The temperatures are dropping and with it the market is seeing slower price increases and few home sales. The September National Housing Report reflects a slow and steady pace for the season so far, but experts are not deterred.

 “Although 2014 home sales may not reach the levels seen in 2013, the market has performed much stronger than many had predicted early in the year. This year’s market may have started off slowly, but it bounced back and slower price growth is keeping housing from becoming less affordable.”

Margaret Kelly, RE/MAX, LLC CEO

In August, the Median Sales Price of all homes sold was $202,500. This was 0.5 percent lower than the median price in July, but 7.5 percent above the median price seen in August 2013. On a year-over-year basis, the Median Sales Price has now risen for thirty-one consecutive months. Because inventory is moving in the right direction, home prices are not rising as rapidly as last year, when the August Median Sales Price rose 12.9 percent. While home prices continue to rise in 2014, they’re rising at a much slower rate than in 2013. The inventory of homes for sale was 4.4 percent lower than last year. Click here to download a copy of the September National Housing Report.

If you’re looking to buy or sell a home in the Arizona community, 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 our number one priority. -Frank

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3 Ways to Sell Your Home this Fall!

by The Russo Team

3 Ways to Sell Your Home this Fall!

There’s something about the drop in temperature and clear, crisp days of the Arizona autumn that makes outdoor activities just that much more enjoyable. Fall is also a wonderful time to sell your home. In fact, fall is the second most popular time to sell homes. Maybe it’s the reinvigorating cooler temperatures of football season or the awesome local events, but buyers seem just that more motivated to close around this time. So if you’re listing your home this season, here are 3 ways to sell your home this fall.

Move-in Ready: When potential buyers are looking to purchase a home this time of year, they typically want to be in their new home before the holidays. Making your home move-in ready helps make that transition just that much easier for your buyer, and can help set you apart from the competition. Taking care of repairs so buyers don’t have to makes a great first impression, so be sure to highlight the upgrades and improvements.

Staging Success: Whether you’ve got a designers eye or hire a professional, the process of staging a home has repeatedly proven to help sellers receive offers more frequently and faster than an un-staged home. Because buyers want to visualize themselves and their possessions in your home, staging help makes that easier for them to do. Clearing clutter, keeping windows clean and bright to let in the natural light, and emphasizing the positives your home offers can help sell your home this fall faster than you expect. Don’t be afraid to play with the décor of the season and add some cozy, tasteful accents and colors to help buyers feel a more warm welcome in your space.

Up your Curb Appeal: We all know the Arizona monsoons from summer can do a number on our exteriors leaving behind filthy windows, dust, dirt, debris, and dead plants. Seeing how this doesn’t exactly scream “warm and inviting” it’s in your best interest to make sure the outside of your home looks just as clean and inviting as the inside. Power wash those windows ‘til they shine, rid your landscape of unsightly summer weeds, and make sure you have no burnt out exterior bulbs. The goal is to not only make your home look inviting, but to also help sell it online. A clean home brimming with charming fall curb appeal will take much better listing photos than one without. A clean welcome mat and a decorative autumn themed wreath on the door can do wonders!

If you’re looking to sell your home this fall or looking to purchase a home before the holidays, please contact the Russo Team today. Happy Fall! – Frank

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What You Need to Know about the FHA Prepayment Penalty Elimination

by The Russo Team

What You Need to Know about the FHA Prepayment Penalty Elimination

News that the Federal Housing Association (FHA) will permanently end their prepayment penalty next year has been widely reported and well received by FHA loan homeowners everywhere. FHA loans have served as a major source of financing for moderate-income first-time buyers and thanks to the policy switch made final last week, borrowers will no longer have a prepayment penalty at closing. Here’s what you need to know about the FHA prepayment penalty elimination.

For years, FHA borrowers have had to pay interest rate costs on their loans regardless of the closing date. This means buyers who paid off their loan on January 1st would still be required to pay interest payments for the entire month of January. This practice, which has been affect for years, has cost consumers hundreds of dollars in punitive interest rate charges. It’s estimated that borrowers have paid prepayment penalty charges that range in the hundreds of millions of dollars a year especially during periods when mortgage rates were high. The National Association of Realtors (NAR) reported that during 2003 alone, sellers and refinancers were forced to pay nearly $690 million in extra interest charges.

However, beginning January 21, 2015 new FHA mortgages will require lenders to collect interest only on the balance remaining on the date of closing for a home sale or refinancing. Under the revised policy, if you’re selling your home and you have a $150,000 balance left on your FHA loan, the lender will have to stop charging you interest on the date of the closing, not compute the interest charges that would be due through the end of the month and roll them into your bottom line.

If you are closing on a home prior to this FHA prepayment penalty elimination borrowers should try to schedule an early payoff or closing as late in the month as possible to avoid extra interest charges.

If you’d like more information about the FHA prepayment penalty elimination or would like to know how to qualify for a home loan in your area, please contact the Russo Team today. - Frank

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Russo Team Newsletter - September/October 2014

by The Russo Team

Russo Team Newsletter - September/October 2014

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Gorgeous Glendale Home for Sale

by The Russo Team

Gorgeous Glendale Home for Sale

This gorgeous Glendale Home for sale is waiting for you in the quiet Greenbrier subdivision. This three bedroom, 1.75 bath modern remodel has everything you could possibly need including a spacious kitchen with newer cabinets, solid granite countertops, and updated Kenmore appliances. Beautiful wood floors span throughout this classic 1,822 square foot home which also features a newly insulated attic, something you don’t find in many Arizona homes. You’ll also be happy to know that the ice cold air conditioning unit was recently replaced in 2011 and the windows and doors were upgraded about ten years ago. Best of all, the backyard boasts a beautiful, sparkling pool.

You get all this and more for an unbelievable price. You don’t want to miss this amazing home. Please contact the Russo Team today to schedule a viewing of this gorgeous Glendale home for sale today.

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Top 3 Reasons to Relocate to the Encanto Vista Historical District

by The Russo Team

Top 3 Reasons to Relocate to the Encanto Vista Historical District

Hidden away just west of Seventh Avenue and just south of Thomas Road is where you’ll discover the lovely pocket of historical homes in the Encanto Vista Historic District in downtown Phoenix. Though it’s not a large neighborhood, the quaintly well-loved homes off the beaten urban path are sure to charm even the most seasoned of home lovers. Here are the top 3 reasons to relocate to the Encanto Vista Historical District.

1.) Location: You just can’t beat the lovely location of the Encanto Vista Historical District. Nestled between its other historical neighbors at the Encanto Palmcroft Historic District, the Encanto Manor Historical District, and the Willo Historic District finds these homes surrounded by a rich culture of architecture no matter which direction you look. Despite its central-city location which offers quick access to public transportation and a booming night life scene, the neighborhood is still a quiet place to live. The neighborhood’s horseshoe-shaped streets provide a beautiful green space of privacy from through traffic.

2.) Classic Architecture: Built between the mid-40s and late 50’s, the well-built, clean lined Ranch Style homes in the Encanto Vista Historical District are notably high-style. The average square footage of the homes are 1900 square feet and embrace Arizona’s more modern suburban lifestyle offering detached garages and large rear patios to enjoy outdoor entertaining in the cooler months.

3.) Outdoor Amenities: When developers originally planned Encanto Vista, they zeroed in on a key selling point for the neighborhood: the beautiful Encanto Golf Course. Decades later, that amenity is still a favorite among some residents offering breathtaking views of the green, lush landscape, and palm trees. The neighborhood is also near Encanto Park, a 222 acre oasis that features picnic areas, a swimming pool, boat house, urban fishing, two golf courses, a lagoon with paddle boats, and nature trail. It’s the perfect venue for weekend picnics, barbeques, and more. Athletes will appreciate the lighted racquetball courts, volley ball courts, tennis ball courts, and softball fields.

If you are interested in receiving a complimentary copy of the Real Estate Market Update for Encanto Vista Historic District each month, please contact the Russo Team. If you would like to learn what your property values are currently, please click here for a complimentary market analysis.

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August 2014 National Housing Report

by The Russo Team

August 2014 National Housing Report

The August 2014 National Housing Report is reflecting slower home sales for the month of July. In fact, July sales have decreased by 3.1 percent from the month of June. However, home prices are still rising showing an increase of 7.9 percent higher than July of 2013. On a year-over-year basis, the Median Sales Price has now risen for thirty consecutive months. Because inventory is improving, home prices are not rising as rapidly as this time last year. Fortunately, home sales are continuing to follow the normal seasonal trends as the inventory environment continues to improve.

Margaret Kelly, RE/MAX CEO states, “After a slow start to the year, 2014 home sales have been improving. Sales are following the expected seasonal pattern and are approaching the levels we saw last year. As inventory continues to build the recovery continues at a more stable and sustainable rate.”

For more information or to download a copy of the August 2014 National Housing Report please click here.

If you’re looking to buy or sell a home in the Phoenix area, please contact the Russo Team today. As experts in the Greater Phoenix real estate market, we can provide you detailed information on available homes, and we know this area inside out. - Frank 

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Move to the Wonderful Willo Historic District

by The Russo Team

Move to the Wonderful Willo Historic District

If you’re looking to live in one of the most revered neighborhoods in down town Phoenix, then look no further. The Willo Historic District is located in the heart of Phoenix from Thomas Road to McDowell Road from 1st and 7th Avenues. As one of downtown Phoenix’s largest historic districts, Willo has over beautiful 900 homes nestled in its four charming subdivisions. Here are some reasons you’ll want to move to the wonderful Willo Historic District.

Lovers of homes rich in architecture and culture will love these delightful homes built back in the 1930’s. There’s a variety of architecture from Bungalow Style, Ranch Style, Tudor, Greek Revival, American Colonial, Spanish Colonial, and Pueblo Revival which are a far cry from the southwest styled terra cotta roofed tract homes you typically see throughout Phoenix.

In addition to having a premier location just minutes from the Phoenix Sky Harbor International Airport and near freeways, the Willo Historic District offers a bevy of culture filled activity and venues to enjoy. Willo is in proximity to everything from art museums and symphony halls to gourmet restaurants and sporting venues. If you love having a night out on the town or like to engage in active city life then the Willo Historic District is the charming neighborhood that you’ll want to call home.

If you are interested in receiving a complimentary copy of the Real Estate Market Update for Willo Historic District each month, please send an email to TheTeam@RussoTeam.com with your name and preferred mailing address. And if you would like to purchase a home in the wonderful Willo Historic district or any of the other exceptional Signs of Downtown Phoenix historical district homes, please contact the Russo Team today.

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Displaying blog entries 1-10 of 240