Metro Phoenix Real Estate Update Presented by The Hankerson Team
Who You Work With Matters!
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How do interest rates affect purchasing power?
The illustrations above shows a 1% increase in the interest rate would give buyers $62,951 less purchasing power and a $291.95 higher monthly payment on a $500,000 home. (For Illustration purposes only. Please contact a mortgage professional for current rates and how changes will affect you.) As you can see from the chart below prices are up 39% from 2001. If you are considering selling, the impact of higher interest rates in the future may be a good reason to sell now. The Fed has indicated it plans to raise rates. Higher interest rates will affect the purchasing power and monthly payments for both you and who ever buys your home.
Featured Homes from around the valley
Ahwatukee $230,000 3-bed, 2 bath, 2-car garage, pool, open floor plan Close to Shopping, Dining, & Entertainment
Kierland $279,000 1-bed, 1.5 bath, 2 1-car garages, Fully Furnished Close to Golf, Shopping, Dining, & Entertainment
Housing Stats from around the Valley
The Ritz-Carlton Paradise Valley is finally set to break ground We are pleased to introduce you to The Residences at The Ritz-Carlton, Paradise Valley; a world-class residential resort community, situated on 120 acres in the heart of Paradise Valley and minutes from the vibrant city of Scottsdale, Arizona. The Residences at The Ritz-Carlton, Paradise Valley will be the first “whole ownership” community of its kind to be entirely branded, managed and serviced by The Ritz-Carlton, and will feature: • Living Within The Gates - The Ladies and Gentlemen of the Ritz-Carlton are at your service, to provide care for you and your home. Sophisticated services include private chefs, 24-hour front desk and concierge, daily housekeeping, maintenance, landscaping and more. • Luxury Resort Amenities - Full access to the amenities of the resort, complemented by a 200-suite Ritz-Carlton hotel, a 20,000 square foot spa and fitness facility, the hotel’s grand pool- over 400 feet long, restaurants and world class shopping next door at the Palmeraie. All of which are offered in a five-star environment. • Perfect Fit For A Family Home - Choice of only 94 Condominium resort-like Villas; 45 luxurious Estate Homes on one-half acre or 1 acre lots and 53 Townhome Villas.
They will be breaking ground this summer and delivery is expected in 2018. We can assist you in getting reservations to purchase one of these stunning homes. For more information please call or email me. Michael Hankerson Cell:
602.770.7205 | email: Michael@HankersonTeam.com
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Let me Buy you Dinner
Helping people with real estate is how I make a living. My family is why I work so hard.
Refer a friend who is buying or selling a Home I’ll buy you dinner or give you a gift card to a restaurant of your choice!
We are actively seeking partners to participate in Real Estate and Fix and Flip projects.
The kids and I enjoyed a short trip to Disneyland over Spring Break.
Ask me about Our Strategy to Sell Your Home. Who You Work With Matters! Michael Hankerson 602.770.7205 Michael@HankersonTeam.com
• Realtor • Sales & Marketing Specialist • Certified Luxury home Specialist • Certified Relocation Specialist • GSI • Approved for USAA* • Approved for NFCU*
7975 N Hayden Road | Suite C100 | Scottsdale
We Sell nearly 4x Faster If your home is currently listed, this is not a solicitation for that listing
*Program Restrictions Apply