Open House hosted by Mark Spivak and Myles Spivak, Sunday 11/5 from 11am-2pm. Located at: 31032 N Rancho Tierra Dr, Cave Creek, AZ 85331. Property Details: 4bd-2.5ba, 2900 SqFt, on a 1.2 acre lot. Horses Ok. List Price $975,000

The Cities Where Homebuyers Are Making the Largest—and Smallest—Down Payments :   https://www.realtor.com/news/trends/winning-the-bid-the-cities-where-homebuyers-are-making-the-largest-and-smallest-down-payments/

Open house saturday from 11-2 hosted by Mark Spivak and Pamela Peters. Come stop by. Property address 13979 W. Maui Ln, Surprise, AZ 85379

Stop buy our open house located at 31495 N. 133rd Drive, Peoria, AZ 85383. Date, July 8th between 10am - 1pm. In the beautiful community of Vistancia. This home is 4bd, 3.5ba, 3372 SqFt, on an oversized lot with 12ft RV gate.

Closed home sales in Scottsdale, Peoria, Chandler, Glendale and Gilbert over the 7 Days:

• Scottsdale
  • 151 home sales closed
  • Price range, $170,000 to 10,500,000
  • Highest priced home sold in zip code 85255
  • Lowest price home sold in zip code 85251
  • Average days on market, 63
  • Average sales price, $1,275,212
• Peoria
  • 61 home sales closed
  • Price range, $82,000 to $1,750,000
  • Highest priced home sold in zip code 85383
  • Lowest price home sold in zip code 85345
  • Average days on market, 47
  • Average sales price, $502,094
• Chandler
  • 60 home sales closed
  • Price range, $100,607 to $1,418,750
  • Highest priced home sold in zip code 85286
  • Lowest priced home sold in zip code 85286
  • Average days on market, 53
  • Average sales price, $596,655
• Glendale
  • 66 home sales closed
  • Price range, $22,500 to $999,000
  • Highest priced home sold in zip code 85308
  • Lowest priced home sold in zip code 85301
  • Average days on market, 50
  • Average sales price, $400,702
• Gilbert
  • 73 home sales closed
  • Price range, $299,999 to $1,600,00
  • Highest priced home sold in zip code 85296
  • Lowest priced home sold in zip code 85233
  • Average days on market, 69
  • Average sales price, $630,221

Information taking from ARMLS and may not reflect all data and sales shown above.

Happy Mothers Day to all the moms throughout the world!

Wishing you a day of smiles, rest, relaxation and appreciation for all you do. Treat yourself today, you deserve it!

Have Happy Mothers day,

Mark and Myles Spivak

Spivak Properties Arizona, The father and son real estate team

HomeSmart International 

(In the market to buy a home or sell a home in Scottsdale or the Phoenix Metropolitan area, give us a call. Serving all cities in Maricopa County)

The Qualified Mortgage, or QM as it is known, is likely to shape the future of housing finance for years to come. The QM comes from the "ability to repay" anti-predatory lending provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The QM is a loan that on its face would meet the ability to repay standards and have certain features associated with "safe" lending. Thus the QM rule is designed to protect consumers from risky loans whereas its sister rule, the Qualified Residential Mortgage (QRM) is a rule designed to protect investors in mortgage backed securities (MBS) by setting standards and requiring financial risk is retained by issuers of MBS.

The original QM rule proposal was issued by the Federal Reserve in the summer of 2011. However, responsibility for the rule transferred to the Consumer Financial Protection Bureau (CFPB) whose final rule was issued in January of 2013 and became effective in January of 2014. A revised QM rule was finalized in December of 2020 that kept the product requirements of the initial QM rule in place, eliminated the 43% DTI cap, and maintained the pricing spread of 150 basis points over average prime offer (APOR) to define the legal safe harbor of compliance.

Open House 4/30 at 7402 W Jones Ave, Phoenix, AZ 85043 from 11:00 AM to 3:00 PM

List Price: $429,000

3bd - 2ba, 1708 SqFt with Pool located in the Marebella subdivision in Phoenix

Hosted by Mark Spivak and Myles Spivak Realtors, HomeSmart. Listing Broker, HomeSmart. 

This is the perfect place to call home. This well maintained home is exactly what you have been searching for. The open floor plan is roomy, airy and offers plenty of natural light. The kitchen has a nice size pantry and ample counter space. The primary suite has double sinks and a shower and bathtub there is also access to the covered patio. When you walk out to the backyard you will immediately fall in love with the pool, spa and covered patio. Your very own paradise, right in your backyard.