What your Realtor isn’t telling you....

By LINDSAY FRICKS

Realtors are a wealth of knowledge, but there are laws that limit what your real estate professional can share with you. In this week’s blog, I outline the key research that all buyers should do prior to looking for homes with a Realtor.

 

You’ve probably heard of the Fair Housing Act. This was enacted in 1968 to prevent housing discrimination based on protected class. As a reminder, protected classes are race, color, national origin, religion, sex, disability or family status. As a result of this act, there are several key pieces of information I cannot legally advise my clients on. Here are the top 3 questions I’m asked by every client that I’m not allowed to answer and how to find the information yourself.

 

  1. What’s the crime rate or sex offenders in the area? This is the most common question I’m asked because everyone wants to ensure where they’re buying a home is safe. Unfortunately, I’m not going to be the one to reassure you about safety. However, by completing some simple online research yourself you can easily find this information. Here are my go to sites in Arizona: AZ Govt Crime Reports and National Sex Offender Registry
  2. How are the schools? Whether you have children, are planning to have children or not, schools are incredibly important to picking the right house. Schools are often a key determinant of resale value of a home and the right school system can help protect your investment in an economic downturn. Overall, US News & World Report ranks Arizona as the 44th state for K-12 education…I probably don’t need to explain that’s not good. If you plan to enroll children immediately or in the future, you should ALWAYS visit the school in person to confirm they’re enrolling new students and tour the facility. The decision between public, private and charter is very personal. Visit this site for the Top Schools in Arizona. If you don’t plan on enrolling children in the near future then a quick search on the  AZ School Report Cards should suffice. 
  3. What’s the neighborhood like? Most often this is referencing the age, race and religion of the area. For example, nobody wants to retire to a community full of college student renters with raging parties ’till all hours of the night, amiright? Unfortunately, I’m not allowed to tell you if that’s where you’ve chosen to search for homes. A lot of times the budget you set dictates your search area. The best way to find out if an area you can afford meets your needs is to spend time there! It amazes me how little time people spend in an area before buying.To get a flavor for the area in a hurry you should visit the nearest gas station, grocery store, mass market store (Walmart/Target) and dine at least three different nearby restaurants. There’s also nothing that prevents you from knocking on some neighbors’ doors for more intel. As long as their house isn’t for sale, there’s nothing stopping them from sharing all the neighborhood dish with you!

 

Just in case you’re wondering, the Fair Housing Act also applies to selling your home. Your agent cannot cater the listing or marketing materials to certain race, age, religion, etc…even if the seller requests it. This puts both the seller and the agent in violation of the Fair Housing Act.

 

If you’d like a free copy of my Buyer’s or Seller’s guide email me at [email protected]. They are packed full of all the useful information you’ll need to make informed decisions when the time comes to buy or sell your home.

 

Lindsay Fricks, Helping you, your family and friends Live and Love in Arizona!

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Median Home Price

$325,000

Annual Appreciation Rate

+7%

Estimated Population

450k

Median Age

34

East
Valley

why you want to live here

The two largest and most popular cities in the East Valley are Gilbert and Chandler. Once known for agriculture, the area has now been transformed into some of the most well known suburbs. Both cities have experienced tremendous growth in population and along with it now has all the amenities of larger cities. The suburbs are highly focused around families and have lots of parks, recreation and many family events year-round.

Median Home Price

$261,096

Annual Appreciation Rate

+8%

Estimated Population

1.6M

Median Age

33

Central
Phoenix

why you want to live here

Phoenix is the heart of The Valley of the Sun and capital of Arizona. Known for warm temperatures year-round and sprawling urban space surrounded by desert mountains. Phoenix is the 6th largest city in the US and home to nearly 1.6 million people. Phoenix has just about something to offer everyone: numerous golf course, professional sports teams, hiking trails, concerts, festivals and much more. With an affordable cost of living there’s a place for everyone with the Phoenix metro.

Median Home Price

$308,750

Annual Appreciation Rate

+8%

Estimated Population

174k

Median Age

28.5

Tempe

why you want to live here

Tempe is a city just east of Phoenix, in Arizona. Its striking Tempe Center for the Arts hosts concerts, dance and comedy shows. Nearby, Tempe Town Lake is dotted with kayaks, pedal boats and paddleboards. Tempe Beach Park hosts outdoor festivals. Rising above the city, Hayden Butte is a mountain dotted with centuries-old rock art. Sporting events and concerts are held at Wells Fargo Arena.

Median Home Price

$725,000

Annual Appreciation Rate

8%

Estimated Population

36,241

Median Age

39

Scottsdale

why you want to live here

Scottsdale has long had a reputation as one of the most affluent cities in the West most well known for high end golf, spas, resorts, restaurants and shopping. There are over 27 golf courses located within the Scottsdale boundaries. The Southern part of Scottsdale is home to the historic Old Town area. The southwestern charm, numerous restaurants, bars and shopping as well as exciting nightlight make Old Town a hot spot for both young and old. Central Scottsdale is home to many popular golf communities such as McCormick Ranch, Gainey Ranch and Kierland Commons.  North Scottsdale is home to to two of the valleys largest annual events: the Barrett Jackson Auto Auction and the Waste Management Open PGA tournament. These events along with the 5 professional baseball spring training facilities bring millions of visitors into the area throughout the Spring months.

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