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By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 2
Buyers love Havasu real estate. According to the Lake Havasu Market Report for April 2021, year-over-year sales continued to surpass expectations. But high lumber prices, high buyer demand, and low inventory keep driving prices higher and higher. Unfortunately for buyers, this is a trend that is here to stay for the foreseeable future. That is why you absolutely must have your mortgage loan lined up and ready to go when you find a property you want to put an offer in on. In fact, that needs to be one of the very first steps you take when you decide that you want to buy a Havasu home.Lake Havasu Market Report for April 2021April 2021 Home SalesOur local Multiple Listing Service reported a total of 257 properties sold in Lake Havasu City during the month of April this year. That was a 44....
By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 0
Did you make it to the Desert Storm Poker Run last weekend? It was a blast. After the lull we experienced with events here in Havasu last year due to the global pandemic, I love seeing life (and fun) continue out on the lake. The weatherman predicts triple digits by the weekend. But the weather will not be the only thing that is hot. Pin those curls and roll up those sleeves. It's time for the Lake Havasu Rockabilly Reunion!What: Lake Havasu Rockabilly Reunion 2021 Where: Lake Havasu State Park, Windsor 4 When: April 30th through May 2nd Cost: $20/day for adults, free to kids ages 11 and under Contact: Kennie Cuppetelli, Event Coordinator (928) 846-0335 or via emailLake Havasu Rockabilly Reunion 2021The Rockabilly Reunion celebrates everything fashionable and raw and the 1950's with a d...
By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 0
You found a Lake Havasu home you love. As a smart home buyer, you made sure you received loan approval before you even started looking at houses. You knew you ran the risk of a multiple-bidder situation. So, you wanted to be prepared. When you submitted your offer, you made sure you included a healthy earnest money deposit. Sellers like to see that. What is an earnest money deposit? Why do you need one? And how much should it be?Earnest Money 101What is This & Why Do You Need It?When you enter escrow on your Lake Havasu house, you need to put down an earnest money deposit. This shows the seller that you mean business. After all, if you are willing to put down some money upfront, then you must be serious about wanting to purchase this property. Since the seller promises to take the prope...
By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 1
Last week, Lake Havasu hosted the biggest boat show in the Southwest. Next week, we host the Desert Storm Poker Run 2021. I cannot think of a better way to test out your new toy than to take it out on the lake for a bit of card-playing fun.What: Desert Storm Poker Run 2021 Where: London Bridge Resort (1477 Queens Bay, Lake Havasu City) When: April 21st to 25th Contact: Christina Nichols (623) 238-1330 or via email, Jimmy Nichols (602) 739-4739 or via emailDesert Storm Poker Run 2021Organizers have been busy setting up the docks for next week's event out on Lake Havasu. Boat owners from outside the Havasu area already began making their way into town earlier this week. (That includes the one in the photo above...Super Fast Cat...that showed up on Monday.) More and more performance boats ...
By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 1
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 Report for March 2021, that is the exact scenario Havasu home buyers face right now. If you want to purchase a Havasu home in the near future, talk to your lender right away to start the pre-approval process on a home loan. You run a high risk of falling into a bidding war with other buyers on a home. So, you must have your financial situation in order before you even start looking at homes.Lake Havasu Market Report for March 2021March 2021 Home SalesFlex MLS reported a total of 314 properties s...
By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 0
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, though, was seeing people running along SR 95 in the triple-digit heat of summer. Now, those people, my friend, are dedicated! If you are one of those people, then the 2021 Havasu Half Marathon may be right up your alley. But if you are not quite up to that level yet, strap on your walking shoes and sign up for the 5K instead.What: 2021 Havasu Half Marathon & 5K Where: Over and under the London Bridge When: Saturday, March 27th, 6 am to 2 pm Cost: $33 to $120 Contact: Gavin at Mercury Events via e...
By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 0
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 purchasing a property helps alleviate some concerns. At the very least, it brings potential problems to light. That way you have a better understanding of what you are getting into. But inspections do not cover everything. Let me explain some of the things you need to know about home inspections before you buy your next property.Home Inspection 101You Get to ChooseFirst of all, you get to choose your home inspector. Yes, your Lake Havasu REALTOR® may recommend someone to you. But feel free to perfor...
By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 1
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. It's time to upgrade your water game!What: Lake Havasu Boat Show 2021 Where: Sara Park, Havasu 95 Speedway When: April 9th (12 pm to 6 pm), 10th (9 am to 6 pm) & 11th (9 am to 3 pm) Admission: $8/adult, Free/kids 6 & under Contact: Bob Brown, Organizer, (951) 501-0210 or via emailLake Havasu Boat Show 2021We LOVE the water here in Lake Havasu City. So do thousands of other people. At first, we saw people flock here only on weekends and in the summertime. Then, as word got out about our 300+ days ...
By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 2
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 hand, rose. This all pushed sale prices up. If you are in the market for a new home, your first step needs to be to talk to your lender about securing a mortgage loan. That way, you are ready to act when you find a Havasu home you love.Lake Havasu Market Report for February 2021February 2021 Home SalesOur local MLS reported a total of 202 properties sold in Lake Havasu City last month. That was 11% higher than the 182 sold in February 2020. Pending listings rose 41.5% from the same time last ye...
By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 0
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 or two there as well.What: Havasu Home and Patio Expo 2021 Where: The Shops at Lake Havasu When: February 26th (12 pm to 7 pm), 27th (9 am to 6 pm) & 28th (9 am to 3 pm) Contact: Frank Wills, Desert Canyon Events (702) 373-7694Havasu Home and Patio Expo 2021Thinking about putting your property on the market soon? Ready to spend some of your equity on a major remodel? Or do you just want to start off this new year with a "refresh"? Then head to the Havasu Home and Patio Expo this weekend for insp...
By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 0
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 location fit the bill. But the kitchen could use a little freshening up. Unfortunately, you just spent several thousand dollars buying this property. Funds are limited. You can make a huge impact without spending a ton of money just by adding some color to your kitchen cabinets.Using Color to Update Your Kitchen CabinetsKeep Design in MindFirst, you need to keep the rest of the kitchen's design in mind when choosing a color for your kitchen cabinets. You want the color to complement (not compete...
By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 0
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 become a homeowner.Down Payment for Home BuyersThe 20% RuleFinancial experts suggest that you put 20% of the purchase price down when buying a home. In Lake Havasu, buyers paid a median sale price of $345,000 in January. If you use the 20% rule, that means you need a down payment of $69,000. Closing costs add another few thousand dollars to your total costs. That can be overwhelming to many home buyers. When you put 20% down, you avoid paying PMI (Private Mortage Insurance). Also, you look more attr...
By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 2
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 point in over a year. That means that competition among buyers for available homes is fierce.Lake Havasu Market Report for January 2021January 2021 Home SalesFlex MLS reported a total of 197 Lake Havasu properties sold in January 2021, a 7.7% increase from the same time last year. Pending listings came in at 280, a 23.9% increase from January 2020. However, active listings dropped off dramatically (from 733 in January 2020 to 386 in January 2021). That definitely affects buyers and their choices...
By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 1
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 the other aspects of homeownership. Put the money part aside. How do you know if you are really ready to become a homeowner?How to Know If You Are Ready for HomeownershipMaintenance & UpkeepWhen renting, you call the landlord or property maintenance company to take care of issues with your Lake Havasu home. But when you own the house, you must take care of these things yourself. For some people, the idea of taking over this responsibility may cause anxiety. But, if you feel up to tackling these...
By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 1
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 PMI if you put less than 20% of the purchase price down on your loan. They also require that you pay title insurance as part of the home buying process.Title InsuranceWhat Is It?During escrow, your lender performs a title search. This provides the name of all past legal owners of the Lake Havasu home you wish to purchase. It may also uncover issues that could create a problem for transferring the title to you once escrow closes. Title insurance covers the expenses involved in resolving any issues ...
By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 3
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 home buying process. Before you take that leap from renting to owning, let me bust a few first-time homebuyer myths for you to ease your mind a little.First-Time Homebuyer Myths BustedHomeownership Means Massive DebtFirst of all, yes, it costs hundreds of thousands of dollars to buy a Lake Havasu home. However, due to fantastically low interest rates, it costs less to borrow money than ever before. Partner this with tax deductions available to homeowners, you might find that it costs nearly the s...
By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 3
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. However, inventory levels plunged to below two months for the second time in 2020. How does this affect buyers today?Lake Havasu Market Report - December 2020December 2020 Home SalesOur local multiple listing service (Flex MLS) reported a total of 225 Lake Havasu properties sold in December 2020, a 10.3% increase from exactly 12 months before. It was also slightly higher than November's total sales. July's total sales of 284 remains the highest for the year. Despite a global pandemic, buyers hit ...
By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 0
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 prices went up. Buyers want to take advantage of historically low interest rates to purchase properties. Unfortunately, the pickings are slim. Inventory remains incredibly low. Buyers need to be prepared to act fast.Lake Havasu Market Report - November 2020November 2020 Home SalesFlex MLS (our local multiple listing service) reported a total of 212 Lake Havasu properties sold in November 2020. That marks a 16.5% increase from the 182 properties sold in November 2019. However, that is a 21.2% decre...
By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 0
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 you apply for a loan. To stay on top of a hot seller's market, you need to obtain pre-approval for a home loan before you even start looking for a new house. So, if you plan on buying a Havasu home anytime soon, use these credit score tips to strengthen your financial profile before you apply for a mortgage loan.How to Boost Your Credit ScoreCheck Your Credit ReportsLenders pull your scores from all three credit reporting agencies (Experian, Equifax, and TransUnion) as part of the home loan proces...
By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Comments 2
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 more competition among home buyers.Lake Havasu Market Report - October 2020October 2020 Home SalesThe local Multiple Listing Services (Flex MLS) reported a total of 269 properties sold in October 2020. That marks a whopping 43.9% higher than the total sales in October 2019. And it's the second-highest monthly sales total this year (behind 284 in July) and slightly above the total sales for September 2020 (262). With less than two months left in the year, our total sales for 2020 already surpass...

Mohave County, AZ Real Estate Professionals