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Keeping Up With the Jones' Blog

Tuesday, January 15, 2019   /   by Traci Roberts Jones

Buying a Home Young is the Key to Building Wealth

Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their data set.




“Today’s older adults became homeowners at a younger age than today’s young adults. Half the older adults in our sample bought their first house when they were between 25 and 34 years old, and 27 percent bought their first home before age 25.” 



The full breakdown is in the chart below:





The study goes on to show the impact of purchasing a home at an early age. Those who purchased their first homes when they were younger than 25 had an average of $10,000 left on their mortgage at age 60. The 50% of buyers who purchased in their mid-twenties and early-30s had close to $50,000 left, but traditionally had purchased more expensive homes.





Many housing experts are concerned that the ...

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Tuesday, January 15, 2019   /   by Traci Roberts Jones

Buying a House This Year? This Should Be Your 1st Step!

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
Even if you are not in an incredibly competitive market, understanding your budget will give you the confidence of knowing whether or not your dream home is within your reach.
Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website:

“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”

One of the many advantages of working with a local re ...

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Friday, January 11, 2019   /   by Traci Roberts Jones

This Weekend In Tucson 1/10-1/12

Friday, January 11, 2019
35th Annual Senior Olympic Festival Opening Ceremonies 4:30PM - 6:30PM
Celebration to promote fitness, health, and an active lifestyle among adults 50 years of age & older/Live performances, information booths, giveaways, a parade of athletes, and a lighting of the torch/Food will be available for purchase/The first 100 people will receive a 2019 Senior Olympic souvenir pin-Prizes will be given to the largest event group in attendance/For more info on specific sporting events, dates, times, and locations, visit the Senior Olympic Festival website/Udall Park Amphitheater 7200 E. Tanque Verde Rd. 791-4931 for more info
 
The Belle of Tombstone! 6:00PM
$22.95/$20.95/$$12.95 2 Times: 6PM & 8:30PM/Tombstone was the last great frontier town and it sat high in the Arizona desert, smack dab on millions of dollars in silver ore/Through its dusty streets and elegant saloon doors passed a slew of colorful characters/We'll you back to ...

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Thursday, January 10, 2019   /   by Traci Roberts Jones

Buying A Vacation Property? Now Is A Good Time!

Every year around this time, many homeowners begin the process of preparing their homes in case of extreme winter weather. Some others skip winter all together by escaping to their vacation homes in a warmer climate.
For those homeowners staying at their first residence, AccuWeatherwarns:

“The late-week cold shot should fade next week, but this is a warning shot for winter’s return late in the month and early February.” 

Given this, it’s time to go and stock up on winter weather supplies! However, if you’re tired of shoveling snow and dealing with the cold weather, maybe it’s time to consider obtaining a vacation home!
According to the Investment & Vacation Home Buyers 2018 Report by NAR:

“72% of vacation property owners and 71% of investment property owners believe now is a good time to buy.”

It’s time to take advantage of the equity in your home. As the latest Equity Report from ...

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Thursday, January 10, 2019   /   by Traci Roberts Jones

Want to Get the Most Money from The Sale of Your Home? Use These 2 Tips!

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house?


Here are two keys to ensure that you get the highest price possible.


1. Price it a LITTLE LOW 


This may seem counterintuitive, but let’s look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).





Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price but will instead have multiple buyers fighting with each other over the house.


HGTV gives this advice:




“Fir ...

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Keller Williams Southern Arizona - Jones Real Estate Team
Traci Roberts-Jones
10445 N. Oracle Rd., Ste. 220
Oro Valley, AZ 85737
520-247-8250


Nova Home Loans
Ian Brannon
3430 E. Sunrise Dr. Suite 150
Tucson, AZ 85718
520-837-9949
NMLS#205989

 photo TARMLS-IDX-Banner-1000_zpstrronf8e.png The content relating to real estate for sale on this web site comes in part from the IDX program of the Tucson Association of REALTORS® Multiple Listing Service®. Real estate listings held by brokerage firms other than Keller Williams Southern Arizona are marked with the TARMLS IDX logo and detailed information about those listings includes the name of the listing brokerage. Copyright 2019 Tucson Association of REALTORS® Multiple Listing Service. All rights reserved.

Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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