Daniel J. McNulty, CSP, CPE, NARPM, Notary
Dan McNulty
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Recent Posts

Real Estate Investment Properties

Renovating  Real Estate Investment Properties: Do It Yourself Or Hire It Done?

Sometimes, when buying – or even thinking about buying – real estate for investment purposes, you’re faced with the need to fix up the property.  The question then arises: Should I fix it up myself or hire it done?  Unfortunately, no one can give you the right answer.  However, there are a few questions that you can ask yourself to help decide the issue:

1.  Do I have The time?

Time is an issue that many people forget about, but it should be one of the deciding factors.  Some renovations, such as handles, hinges or kitchen hardware can take very little time to do.  Others, like retiling a bathroom, can take hours, or even days to accomplish.  If you don’t have the time to do these things personally, you’ve already answered the question.

2.  Do I Have The money?

Obviously, money is as important a factor as time.  Often, if you don’t have the time, you do have the money to hire someone.  However, if you have neither the money nor the time, you may need to reassess whether you can really afford the real estate you’re thinking of buying.  You may want to continue looking to find something that needs fewer repairs or that you can get at a lower price.

3.  Do I Have The Know-How?

Granted, there is a lot of do-it-yourself information out on the Internet.  However, if you don’t have the necessary knowledge to understand what they’re saying, you’ll either have to research more, or hire someone.  Being knowledgeable on what you’re doing may not be so important when, say, you’re painting the living room, but it’s incredibly important if you need to rewire a room or want to knock down a wall.

The main key when deciding on what property to buy, what renovations need to be made and whether to do it yourself is simple:  Be realistic.  Be honest with yourself.  Can you really do this?  Can you really afford it?  Remember, if the answer is “no,” it could just mean “not right now.”

Don’t be afraid to wait until you have everything in place before picking your investment properties.  If you’re careful with your time and money management, you may find yourself able to buy that dream real estate investment property.

Let me help you find the perfect real estate investment property for you.  Call me today at 480-352-3596 or email me at dan@phxevrealestate.com.

 


Enjoy Your Life

Enjoy Your Life: Change Your Point Of View
“Two men look out through the same bars: One sees the mud, and one sees the stars.”- Frederick Langbridge, A Cluster of Quiet Thoughts

If you’ve placed second in a writing contest, will you jump for joy and push for better results the next time or will you be discouraged and find an excuse not to join again? In life, you are always filled with choices. You may opt to have a pessimist’s view and live a self-defeated life or you may decide to take the optimist’s route and take a challenging and fulfilling life.

So why nurture an optimist’s point of view? And why now?

Well, optimism has been linked to positive mood and good morale; to academic, athletic, military, occupational and political success; to popularity; to good health and even to long life and freedom from trauma.

On the other hand, the rates of depression and pessimism have never been higher. It affects middle-aged adults the same way it hits younger people. The mean age of onset has gone from 30 to 15. It is no longer a middle-aged housewife’s disorder but also a teen-ager’s disorder’ as well.

Here’s how optimists are in action and researches that back up why it really pays to be an optimist:

Optimists Expect The Best

The defining characteristic of pessimists is that they tend to believe bad events, which will last a long time and undermine everything they do, are their own fault. The truth is optimists are confronted with the same hard knocks of this world. What differs is the way they explain their misfortune—it’s the opposite way. They tend to believe defeat is just a temporary setback, that its causes are confined to this one case.

Optimists tend to focus on and plan for the ‘problem’ at hand. They use ‘positive reinterpretation.’ In other words, they most likely reinterpret a negative experience in a way that helps them learn and grow. Such people are unfazed by bad situation, they perceive it is a challenge and try harder.

They won’t say “things will never get better,” “If I failed once, it will happen again” and “If I experience misfortune in one part of my life, then it will happen in my whole life.”

Positive expectancies of optimists also predict better reactions during transitions to new environments, sudden tragedies and unlikely turn of events. If they fall, they will stand up. They see opportunities instead of obstacles.

People Respond Positively To Optimists

Optimists are proactive and less dependent on others for their happiness. They find no need to control or manipulate people. They usually draw people towards them. Their optimistic view of the world can be contagious and influence those they are with.

Optimism seems a socially desirable trait in all communities. Those who share optimism are generally accepted while those who spread gloom, panic and hysteria are treated unfavorably. In life, these people often win elections; get voted most congenial and sought for advice.

When The Going Gets Tough, Optimists Get Tougher

Optimists typically maintain higher levels of subjective well-being during times of stress than do people who are less optimistic. In contrast, pessimists are likely to react to stressful events by denying that they exist or by avoiding dealing with problems. Pessimists are more likely to quit trying when difficulties arise.

They persevere. They just don’t give up easily, they are also known for their patience. Inching their way a step closer to that goal or elusive dream.

Optimists Are Healthier And Live Longer

Medical research has justified that simple pleasures and a positive outlook can cause a measurable increase in the body’s ability to fight disease. Optimists’ health is unusually good. They age well, much freer than most people from the usual physical ills of middle age. And they get to outlive those prone to negative thoughts.

So why not be an optimist today? And think positively towards a more fulfilled life.

Why not look forward to success in all your endeavors? Why not be resilient? Like everybody else you are bound to hit lows sometimes but don’t just stay there. Carry yourself out of the mud and improve your chances of getting back on the right track. And why not inspire others to remove their dark-colored glasses and see life in the bright side?


Popular Home Renovations That Pay Off

Every homeowner is constantly thinking of improvements they’d like to make to their house; however, there’s always the thought of whether or not it’s a smart investment. Well, if you’ve been pining for a fireplace in your master bedroom or are sick of your outdated kitchen appliances, rest assured that the renovations below will appeal to future buyers — and make your living space a little more lovable for you.

A Fireplace

Whether you have one or none, adding another fireplace to your home will only increase its coziness quotient. Especially if you live in a colder climate, there’s nothing so inviting as a roaring fire in the kitchen, living room or bedroom. If you live in a warmer climate, consider anoutdoor hearth to extend your living space outside on cool evenings.

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Ensuite Bathroom

This upgrade will require a little bit of saving, but the price tag is worth investment. You’ll almost always get your money back by creating an attached bathroom to the master suite — even if you have to add on to the house. For some reason, people really enjoy having this private space to which they can retreat all to themselves.

Hardwood Floors

If it’s time to replace the carpet, consider installing hardwood floors. You could also choose the usually more cost-effective options of hardwood laminates or engineered hardwoods.  Wood floors are typically easier to keep clean and don’t show as much wear from pets.

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Stainless Steel Appliances

 

You’ve been waiting for your old fridge to die and your outdated oven to burn out. Well don’t worry about making the investment. Buyers love the industrial look of stainless steel, so your upgrade will most likely pay off. And, you’ll get to enjoy your new appliances until then.

If you’ve considered making one of the above renovations to your home, then it’s time to get serious and look at your budget. If you’re a little hesitant, then you can always ask a real estate agent to evaluate your home to determine if it’s a solid investment. Please call me at [phone] or email me at if you have any questions.


Real Estate Disclosures

The Facts About Real Estate Disclosures

From new landscaping and a fresh coat of paint, to appliance upgrades and room remodeling, homeowners will go to great lengths to present their real estate for sale in the best light possible. However, sellers need to be aware that while they’re fixing up current flaws in their home, they shouldn’t cover up past ones.

That’s where the disclosure comes in. All sellers will need to fill out disclosure forms about their properties, and every buyer should triple-check this form before signing on the dotted line of a contract. Below are a few facts about disclosures to help sellers ensure they’re doing the right thing when listing real estate.

The Purpose Of A Disclosure

Disclosures come in a variety of forms, but their primary function is to inform buyers about the state of a home, its past and its neighborhood. They also provide sellers with a safety net in case there is legal trouble down the road.

If You Know It, Disclose It

Disclosure laws vary from state to state, so check with your real estate agent to ensure you’re filling out the proper paperwork. When listing past renovations, insurance claims from natural disasters, or new neighborhood construction, it’s best to err on the side of caution. List everything you can possibly think of, so the buyer can never say they weren’t warned.

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When To Disclose

The seller usually provides the disclosure after they’ve accepted the buyer’s bid. In most cases, buyers can back out of the deal without losing their escrow deposit if they find something unfavorable in the disclosure. Some sellers even like to provide the disclosure to any potential buyers up front, so they know what they’re dealing with before ever placing an offer.

Disclosure Versus An Inspection

While a seller’s disclosure form gives a property inspector a jumping-off point for things to double-check, they are not the same thing. The buyer hires a property inspector after they’ve placed a bid on the home to ensure there are no major issues. There could be problems of which even the seller is unaware.

If you’re getting ready to sell your real estate and would like more information on what you should disclose, please call me at 480-352-3596 or email me at dan@phxevrealty.com.

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Looking for down payment assistance?

Down Payment Assistance
Three programs available
I work with many lenders who can help you!
Call or email me today
480-352-3596
dan@yourazrealestateagent.com
 

Pinal County
Home Plus Grant: FHA, VA & USDA Financing 
  • 4% Down Payment Assistance (can also be used towards closing costs)
  • No repayment of the grant under any circumstance
  • Maximum Sales Price $315,569

 

 

Maricopa County
Home in 5 Grant: FHA & VA  Financing
  • 5% Down Payment Assistance(can also be used towards closing costs)
  • No repayment of the grant under any circumstance
  • Maximum sales price $300,000

HF Access

National Home Buyers Fund 

  • Great alternative for Low OR no Fico score borrowers 
  • Fico scores as low as 580
  • Income limits $71,530 for both Maricopa & Pinal Counties

Why not make it enjoyable

How To Make Your [City] Home More Enjoyable To Live In

Your [City] home is where you spend a lot of your time, so it is worth investing time into making sure that it is an enjoyable place to be. Here are some things that you can do to make everyday living more pleasant.

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Create A Personal Retreat

Do you have a place in your home where you can escape after a hard day of work and simply relax? It could be a luxurious bathtub with candles and bubble bath, or a comfortable chair you can curl up in with a good book? Find a place in your home where you can create a quiet retreat and you will be able to enjoy this space whenever you need to take a break and recharge.

Facilitate Social Interaction

Having friends and family over to share a meal and a few drinks can be a very enjoyable experience, so make sure that your home is set up to host guests. Do you have a place where everyone can sit comfortably, without having to rearrange furniture? Is there a place where a guest could stay the night on short notice without hassle?

Make A Space For Your Hobbies

If you have a hobby that you enjoy doing, why not create a special space in your home where you can pursue your interest? Whether you enjoy painting, writing, woodworking or building model railways, you can likely find a corner in a spare room where you can set up a small workshop or office. The hours that you spend happily immersed in your hobby will definitely make it worth it.

Create Easy Organisation Solutions

One of the things that will make life in your house a lot more enjoyable is if you can spend less time cleaning and organising. To reduce your house cleaning stress, you can take the time to create clever and well thought out solutions for organising the clutter in all of the rooms in your house. A little bit of planning and forethought now means that tidying up will be easier every time in the future.

How enjoyable is your home to live in? Invest the time in making sure that your home fits your needs, so that you will enjoy your time there as much as possible.

To find out more about home renovations and improvements, I would be happy to help! Call me at 480-352-3596 or email me at dan@yourazrealestateagent.com for more information.

 


Should I expand or Sell?

Should I Add On To My House Or Move Up To A New Home?

When you first bought your home, it had just enough room for you, your spouse and perhaps a couple of children. However, one thing has led to another and you have ended up having three little ones (although some days it feels like three dozen).

Also, you have been considering moving your ailing mother in with you so that she doesn’t have to live in a home. You are quickly running out of space for everyone and the house is starting to feel a bit cramped.

Should you build a house extension, or sell the home and move to a larger [City] property?

There are a number of advantages to each option, so here are a few things to consider when deciding whether to expand the house you have or move to a new one.

Is Extending the House Possible?

Of course, before making your decision you need to figure out whether there is enough extra land around your home to facilitate a home extension. You will also need to obtain the right building permits for the job. You might find that there are limits on building your extension.

Will it Improve the Value of the Home?

Most of the time, adding a house extension will add value to your property. However, if you try to cram in an extension where it doesn’t fit you could actually decrease the value of the home. A house with no room for a garden or parking or a disproportionate home could be a lot more difficult to sell in the future.

What are the Property Prices Like Right Now?

When making your decision, check in on what the property prices are like at the moment. After doing a bit of research you might figure out that you can afford a home with more square footage for less than it would cost to build your home extension. Don’t forget to factor in closing costs and other expenses, however.

When making the decision to extend or move, assess the particular needs of your family so that you can determine what would be the better option for obtaining the extra space you need.

To find out more about the value of an addition on your home, I’m happy to help! Call me at 480-352-3596or email me at dan@yourazrealestateagent.com for more information.

 


The perfect picture

Tips for choosing the right HDTV for your home

There are endless options for High-Definition TVs these days, and choosing the right TV for your home depends on several factors. Here are the basics of buying an HDTV.

Plasma
Plasma TVs are considered to have the best black levels, can be viewed from almost any angle, and don’t have any issues with motion blur, which can be distracting when you’re watching a fast-moving picture, such as sports or an action movie. The main downside for plasma is the glass screen, which can pick up a lot of glare if placed in a bright room with many windows.

LCD
The biggest selling point with an LCD TV is brightness—unlike plasma, you’ll have no issues viewing an LCD TV in a bright room. The downside is poorer black levels compared to plasma TVs, problems with viewing angles, and possible issues with motion blur. You’ll want to buy an LCD with a refresh rate of at least 120 Hz if you want to avoid motion blur.

Features
Many HDTVs now come with built-in streaming video apps, such as Netflix. If you don’t already have a device for streaming video content (such as a video game console, a Roku, or Apple TV), consider spending a little extra to get a TV with those features.


Smooth Moves

5 Important Tips To Help Smooth Your Move When You Have Teens In The Home

You’ve got a new job offer across the country and you are planning to pack your things, buy a home and make the big move.

However, when you tell your 17 year old daughter your plans, she lets out a mournful wail and cries that it is not fair. How can you possibly take her away from all of her friends, her favorite hangout spots and the cute boy she just started seeing?

Moving is a difficult transition and it is often even more traumatic for teenagers. The teenage years are an important stage where young adults establish their individuality and independence and during this time their social circle is extremely important to them.

Being removed from that against their will can make any teen feel sad, confused, angry and resentful. Also, fitting into a new social scene in a different location can be a challenge for a teen that might be singled out as the “new kid”.

How can you help your teen during this transition so that the experience will be easier on them?

5 Tips To Help Your Teen Move More Smoothly

Here are some tips that will make the experience of moving a little bit easier on your teenager:

  • Give them as much notice as possible so that they have time to adjust to the idea of moving. They will feel like they have enough time to say goodbye to their friends and close a chapter of their lives.
  • Try to schedule the move around the school calendar, as moving in the summer is much less disruptive to your teen’s life than relocating in the middle of the school year.
  • Make sure that they have ample time to spend with their close friends before they leave and once you arrive, understand that they might go through a grieving process of missing their old pals.
  • When you get to your new home, make sure that your teen has plenty of ways to keep in touch with their old friends, such as an internet connection and a cell phone plan.
  • Encourage your teen to get involved in the community of your new hometown, like joining sports clubs or attending events. This can help them to make new friends.

Moving to a new city is always exciting but offers challenges like this one for families.

To find out more about  moving to a new home, I’m happy to share my recommendations. Call me at 480-352-3596 or email me at dan@yourazrealestateagent.com for more information.

Compliments of RealtyBlogContent.com

 


How To Improve Your Credit Score

How To Improve Your Credit Score For Better Financing Terms

Imagine that you’ve found the perfect home and are ready to apply for financing. Your home loan approval amount comes back lower than you would have expected and at an interest rate significantly above what you have heard is available on the market.

This could be because you have an average to poor credit score.

Mortgage lenders base interest rates on many things, but your credit score plays a large part. Anything between 720 and 850 will typically qualify for better interest rates. A mediocre score is usually between 660 and 719, and a low score is 659 and under.

If you have a lower score than you’d like, below are a few traits for you to follow of people who possess higher credit scores and secure the best home financing.

They don’t max out their cards.

It’s better to keep a low revolving balance on a few cards than to spend every dime allotted on one. The ratio of credit card balance to your credit limit is called credit utilization. The higher your credit utilization, the larger effect it can have one your credit score.

They make payments on time.

This is very likely the most important tip for your credit health. If you miss a payment on a term loan, credit card account or monthly home bill, then you could be turned over to collections, which will affect your score negatively.  You will almost surely be reported as late to the credit bureaus, which will in turn drop your credit score precipitously. Absolutely make all of your payments before their due date.

They stay with one card.

Don’t close and open credit card accounts frequently. Each time you make a change to your line of credit, it affects your score. Even if you don’t want to be tempted to use a credit card, keep the account open and leave the card at home. According to the Fair Isaac Corporation (FICO), high credit achievers have accounts that are usually at least 11 years old.

Excellent credit could qualify you for a better interest rate, which might save you thousands of dollars over the life of the loan. So stay on top of your monthly credit bills and keep a low balance on just a few cards to watch your score steadily increase.

To find out more about how your credit can help you purchase a new home, I’m happy to share my recommendations. Call me at 480-352-3596 or email me at dan@yourazrealestateagent.com for more information.