Real estate markets all across the country show a huge spike in buyer demand. That includes right here in Lake Havasu City. This is great news for sellers but not so much for buyers. Why? High buyer demand partnered with low inventory means higher sale prices. According to the Lake Havasu Market ...
Havasu residents love the outdoors. Whether on the lake or on the land, the more time we spend outdoors, the better. Boating. (Reminder: the Lake Havasu Boat Show takes place next month.) Swimming, Fishing. Camping. Offroad racing. Bicycling. We love it all! One thing I never quite understood, th...
When you buy a Havasu home, you take on any issues (visible or hidden) that come along with it. Even a newly constructed home may have a problem or two. If you are not ready to take on this responsibility, you might not be ready for homeownership just yet. Performing a home inspection before purc...
Last month, the Havasu Home and Patio Expo brought us great ideas and deals on home improvement. Next month, the Lake Havasu Boat Show 2021 brings great deals to you on watercraft. That's right. One month from today, you could be knee-deep in deck boats, bowriders, catamarans, and Cuddy Cabins. I...
Even with interest rates on the upswing, buyer demand continues to soar in the Havasu real estate market. According to the February 2021 Lake Havasu Market Report, inventory levels dropped off to their lowest point in the last 12 months. Active listings fell by more than half. Sales, on the other...
The calendar says "winter" but you can start planning for your spring projects right now. How? Visit The Shops at Lake Havasu this weekend and go to the Havasu Home and Patio Expo 2021. They offer ideas for great projects to update your Lake Havasu home. And you are bound to find an awesome deal ...
You searched and searched before you found your current Lake Havasu home. (The competition is fierce so, congratulations!) While you love your house, it might not actually be "perfect". Compromise may be necessary. (Again, the competition in the Havasu real estate market is fierce!) The size and ...
How Much of a Down Payment Do I Need to Buy a House?
(Coldwell Banker Residential Brokerage)
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Are you ready to become a homeowner? Are you tired of renting and want to own your very first home? Worried about how much of a down payment you need in order to buy that Lake Havasu home of your dreams? Stop for a moment. Take a deep breath. You might not need as much as you think you do to beco...
My goodness. The first month of 2021 simply flew by. And our local housing market continues to thrive. According to the Lake Havasu Market Report for January 2021, sale prices and total home sales saw a huge increase from the previous January. Unfortunately, inventory levels fell to their lowest ...
When thinking about purchasing a home, most people only consider the financial side of the equation. Do I have enough money saved up for a downpayment? How much are closing costs? What about paying for inspections? Is my FICO score high enough to qualify me for a loan? Few people stop to consider...
Buying a Lake Havasu home is an investment. Whether it is your first home or your tenth one, you need to come up with some money to make it happen. Like many other areas of your life, you must pay for insurance to cover yourself in case of unforeseen circumstances. Lenders require that you pay PM...
Buying a home can feel a bit overwhelming. Can you afford it? Do you have enough saved up? Are you ready to become a homeowner? Even during a year like we experienced in 2020, the Lake Havasu real estate market boomed. Many buyers find that some of their stress comes from a misconception of the h...
I hope everyone enjoyed the holidays as much as I did. Let us take a moment to reflect on how the local 2020 housing market ended up and how it fared all year long. According to the Lake Havasu Market Report for December 2020, total sales and sale prices rose significantly from the end of 2019. H...
The end-of-year holidays are upon us. I hope everyone enjoyed their Thanksgiving. Just three weeks until Christmas and four weeks until we bid adieu to 2020. Our local real estate market continues to thrive. According to the Lake Havasu Market Report for November 2020, year-over-year sales and pr...
Havasu home buyers do not need a perfect FICO score to purchase a property. But a higher score increases your chances of loan approval. And the higher your score, the better your interest rate. With a median sale price of $365,000 last month, you need to get your credit in tip-top shape before yo...
As we enter the last quarter of the year, the local real estate market remains hot. According to the Lake Havasu Market Report for October 2020, the median sales price hit its highest mark ever. Total monthly sales hit their second-highest point for the year. And low inventory continues to create...
Ah. Fall is in the air. As our Lake Havasu weather begins to cool off (meaning temperatures in the 90s instead of 100+), it's a great time to explore the surrounding desert land. If your travels take you towards Parker, let me recommend a great pit stop in the middle of virtually nowhere: the Des...
For other parts of the US, October means a changing of the leaves and chillier weather. In Lake Havasu City, it means temperatures in the 90s for the most, with the last of the triple-digits beginning to fade away. Even our local real estate market remains hot, hot, HOT! According to the Septembe...
Is Now a Good Time to Buy a Havasu Investment Property?
(Coldwell Banker Residential Brokerage)
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For several months now, the Lake Havasu real estate market fell squarely in the seller's favor. Once Governor Ducey opened the state back up, home sales exploded. Last month's total sales eclipsed August 2019's sales by over 25%. And sale prices hit their highest median ever. But millions of peop...
Usually, our Lake Havasu real estate market starts the year off mild and begins to pick up around spring (April/May). This year, thanks to COVID, we experienced a very tepid spring. But summer heated up in more ways than one. As Arizona began to open back up, people came out of hibernation. And t...
In the real estate industry, you play a lot of "hurry up and wait". You rush around trying to find the right property. When you do find "the one", you rush to put in an offer. Once the offer is accepted, you enter escrow. Then, you wait. I've provided a sort of Havasu home closing timeline below ...
