Your Tax Return: Bring it Home

Your Tax Return: Bring it Home | Simplifying The Market

This time of year, many people eagerly check their mailboxes looking for their tax return check from the IRS. But, what do most people plan to do with the money? GO Banking Rates recently surveyed Americans and asked the question – “What do you plan on doing with your tax refund?”

The results of the survey were interesting. Here is what they plan to do with their money:

  • 41% – Put it into savings
  • 38% – Pay off debt
  • 11% – Go on a vacation
  • 5% – Make a major purchase (car, home, etc.)
  • 5% – Splurge on a purchase

Upon seeing the research, The National Association of Realtors (NAR) wondered if this could help with a constant challenge cited by many people who wish to purchase a home – saving for the down payment.

In a recent post in NAR’s Economists’ Outlook Blog, they explained:

“With a sizable tax refund, the average American would have a decent down payment depending on which region or market you live in.”

They went on to add:

“Approximately 5 percent of all respondents indicated they would make a major purchase which does not seem like a lot. However, there is a bigger group 41 percent who see saving the tax return is best and that group could be potential home buyers if they are not already.”

In other words, putting that money toward purchasing a home is a form of savings.

Bottom Line

When one considers that first-time home buyers in 2016 had an average down payment of 6%, a decent tax return could go a long way toward the necessary funds needed for a down payment on a house. Or perhaps, the down payment needed by a son or daughter to make their homeownership dream a reality. How are you going to spend your return?  Give me a call for some ideas – J.P. Cook – 602-320-4253.

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1014 S 2nd Street Phoenix, AZ 85004

$599,000
4 Beds
3 Baths
1,897 SqFt
Status Active
MLS # 6759017
Property Type Single Family Residence
Price Type --
This property features two separate homes, each with its own private ingress and egress, making it ideal for rental income or living in one and renting out the other. Both homes are enclosed with block wall privacy. The front home offers 2 bedrooms and 2 bath. While cozy, it has been updated with tile flooring, a fully tiled tub surround, and an all-tile shower in the second bath. Dual-pane windows throughout improve energy efficiency. The rear house is newer, with 2 bedrooms, 1 bath and 1,008 sqft of living space. Together, the two homes provide almost 2,000 sqft of total living area. Conveniently located very close to Chase Field, Footprint Center, major freeways and all of what downtown Phoenix has to offer!

3267 Huckleberry Way Wickenburg, AZ 85390

$599,000
2 Beds
2 Baths
1,700 SqFt
Status Active
MLS # 6759265
Property Type Single Family Residence
Price Type --
Magnificent view of 13th Green on the Championship Course! Step thru the front door into this highly upgraded Beacon Floor Plan. From tile throughout the home to the stunning kitchen granite counters this home has everything. SS appliances, large center island, pull out shelving for the soft close cabinet doors, elegant pendant lights for entertaining guests. Primary w/same granite counters, dual sinks & Walk-in closet. Great room with multi-sliding glass door leads you out to the amazing extended patio and views. This floor plan comes with a separate Den and Guest Suite w/Hall Bathroom. Stop by today to make this once in a lifetime your next home!

1524 E Dublin Street Gilbert, AZ 85295

$599,000
4 Beds
3.5 Baths
2,410 SqFt
Status Active
MLS # 6768551
Property Type Single Family Residence
Price Type --
This gorgeous 4-bedroom, 3.5-bath home in the heart of Gilbert is truly a gem! From the moment you walk in, you'll be captivated by the elegance and thoughtful upgrades throughout. The executive kitchen is a chef's dream, complete with high-end appliances, sleek countertops, and plenty of cabinet space for all your culinary needs. The spacious primary suite has been extended and upgraded, featuring two generous walk-in closets and a luxurious soaking tub, perfect for unwinding after a long day. A private casita offers a perfect retreat for guests, in-laws, or a home office. Enjoy indoor-outdoor living with the expansive extended patio slider doors, allowing for seamless flow to the backyard, ideal for entertaining. Enjoy the beautiful sparkling community pool and local parks. Come view!

4734 E Verbena Drive Phoenix, AZ 85044

$599,000
4 Beds
2 Baths
1,890 SqFt
Status Active
MLS # 6761591
Property Type Single Family Residence
Price Type --
Beautiful home in Ahwatukee Foothills Community. Amazing 4 bed single level home 3 car garage, pool/spa. With a granite kitchen island, extensive custom cabinets with pull-outs, an eating nook with a big picture window. Kitchen overlooks the family room & beautiful travertine tiles & freshly painted throughout. Enjoy private pool with spa in this great entertainers backyard. Mature trees and lovely landscape to this yard giving a feeling of the outside peacefulness. Home also has a soft water loop. It's conveniently located near I-10 for access to anywhere but also within the bounds of Ahwatukee and all it has to offer. It's also just a few miles from Pecos Park, which has pools, water slides, 16 pickleball courts, basketball, soccer, volleyball, walking paths and more!

4046 E Agave Road Phoenix, AZ 85044

$599,000
5 Beds
3 Baths
2,302 SqFt
Status Active
MLS # 6761563
Property Type Single Family Residence
Price Type --
Luxury remodel in a premier location!!! Stunning 5 bed/3 bath with soaring 18ft ceilings and gorgeous new flooring throughout. Highlights: *In-laws suite downstairs, plus 2nd bedroom. Full bath downstairs. *Massive 5ft x 1ft porcelain tiles from Italy mimic white oak wood on first floor. *Elegant engineered hardwood stairs lead to plush new carpeting upstairs. *Gourmet kitchen with quartzite counters, marble backsplash, and stainless appliances. *Jaw-dropping primary bath with 9ft x 3.5ftx10ft H tiled shower; nicknamed The Car Wash Shower. * 4 mitered quartzite counters in all 3 full bathrooms. Laundry conveniently located upstairs. *Fresh interior/exterior paint provides move-in ready luxury. *Coveted neighborhood near I10, 202, 60, downtown Phoenix, ASU, top public and charter schools like Basis. *Amenities galore at Mountain Park HOA- 3 Olympic size pools, jacuzzi, pickleball, tennis and sand volleyball courts, walk and bike paths, hiking. Great shopping nearby- Phoenix Premium Outlets, RH Outlet, Marshalls, Costco, AZ Mills Mall, Sprouts, Frys, Home Depot, Lowes. Call today!

11021 W Buchanan Street Avondale, AZ 85323

$599,000
5 Beds
2.5 Baths
2,830 SqFt
Status Active
MLS # 6764601
Property Type Single Family Residence
Price Type --
An AMAZING OPPORTUNITY for a spacious NEW HOME in a FAMILY FRIENDLY COMMUNITY near the heart of New Downtown The BLVD in Avondale. Seller will consider up to a 3% allowance towards buyer's closing costs/rate buy down with a full price offer. Expansive community green belt on one side gives the feel of a corner lot with extra privacy. Luxurious upgraded kitchen with GE Profile appliances and quartz countertops. Huge master bedroom with a private retreat space, beautiful custom built-in closet and large shower. 2 bedrooms with a Jack-and-Jill bathroom. 2 flex rooms that can turn into extra bedrooms, guest spaces, playrooms, or home offices. Additional Interior Features: Ceramic tile flooring, Hunter ceiling fans with remotes and custom motorized blinds throughout the home. Future school planned next to the community for families. Additional Interior Features: Ceramic tile flooring, Hunter ceiling fans with remotes and custom motorized blinds throughout the home. Additional Exterior Features: Insulated 3-car garage, Tankless Hot Water Heater, Pre-Plumbed utility sink and Soft Water loop.

4780 Starlight Drive Happy Jack, AZ 86024

$599,000
3 Beds
2 Baths
1,401 SqFt
Status Active
MLS # 6769681
Property Type Single Family Residence
Price Type --
Welcome to your cozy getaway, where modern comforts meet rustic charm in a captivating single-family haven. Nestled amidst beautiful trees on a desirable lot with graveled circular drive, this home offers the perfect escape without compromising conveniences. Step inside this cozy sanctuary and be greeted by the warmth of tongue and groove ceilings and walls, coupled with the open, airy feel of vaulted ceilings, creating an inviting atmosphere throughout. This creatively designed home includes 2 bedrooms and a bath downstairs, as well as a loft/bedroom upstairs with a bathroom and balcony, ideal for both entertaining guests and relaxing after a long day.The open-concept living area is a true centerpiece, featuring a stunning fireplace that anchors the room and offers a perfect escape without compromising conveniences. Step inside this cozy sanctuary and be greeted by the warmth of tongue and groove ceilings and walls, coupled with the open, airy feel of vaulted ceilings, creating an inviting atmosphere throughout. This creatively designed home includes 2 bedrooms and a bath downstairs, as well as a loft/bedroom upstairs with a bathroom and balcony, ideal for both entertaining guests and relaxing after a long day.The open-concept living area is a true centerpiece, featuring a stunning fireplace that anchors the room and offers a perfect sitting area to watch the beautiful flames with a glass of wine, perfect for cozy evenings in. Transition effortlessly from indoor to outdoor living with the expansive deck, surrounded by great trees that provide a serene and picturesque backdrop. Enjoy outside dining, morning coffees, or simply unwind while taking in the beauty of your natural surroundings .The kitchen is accented with modern conveniences, including recessed lighting that enhances the chic and functional design ideal for crafting culinary delights as you entertain. a built-in wine cooler, reach in pantry and a breakfast bar. Storage and organizational needs are effortlessly met with a detached garage, providing ample space for vehicles and hobbies alike.This gem at Starlight Drive promises more than just a home; it's a lifestyle of tranquility with the convenience of modern living. Don't miss your opportunity to own this unique property that blends comfort, style, and nature creating the perfect setting for cherished memories. This home is great for a weekend getaway or full time living. Escape the heat and come watch the wildlife from your deck, jump in your side by side or go for a hike.

19733 N 79th Avenue Glendale, AZ 85308

$599,000
4 Beds
2 Baths
2,272 SqFt
Status Active
MLS # 6769879
Property Type Single Family Residence
Price Type --
Charming single-story home with a spacious, open-concept layout and high ceilings, offering an abundance of natural light and elegant tile flooring throughout. Original owners have lovingly maintained the property ideal for hosting gatherings, this home boasts an extended, covered patio and a serene garden-like backyard. The generous primary suite features a separate tub and shower, a private water closet, and a large walk-in closet. A well-designed split floor plan includes 3 additional bedrooms and a full bathroom. The exterior was freshly painted this year, enhancing its curb appeal. The three-car garage is equipped with insulated door and ample storage cabinets. Conveniently located near golf courses, lakes, parks, and easy access to freeways, shopping, and medical facilities.

1849 E Northview Avenue Phoenix, AZ 85020

$599,000
2 Beds
2 Baths
1,752 SqFt
Status Active
MLS # 6770374
Property Type Single Family Residence
Price Type --
Location! Location! Location! Act fast before its gone. Beautiful home in Skyline Heights. This home is in the High Demand Pointe area. Brand New Roof just replaced with underlayment and brand-new tiles. New electrical panel box, New Garage door opener, New Security System, and New Dishwasher! Front and Backyard Brand New pet friendly artificial turf installed for low maintenance. Open and bright floorplan with fireplace and Atrium. Across the street from the park with mountain views and minutes from the Biltmore with restaurants, shopping and entertainment.

114 W Smoketree Street Apache Junction, AZ 85120

$599,000
4 Beds
3 Baths
2,000 SqFt
Status Active
MLS # 6773540
Property Type Manufactured Home
Price Type --
**MOUNTAIN VIEW**HIGHLY UPGRADED HOME on a 1.25 LOT**Additionally, a 1.25 acre lot next door, MLS # 6773504, is also available** Step inside to a meticulously maintained home showcasing 9' ceilings, crown molding & gorgeous LVP floors. The mountian views from the spacious great room are breathtaking! The gourmet kitchen is equipped with generous counter space, recessed & pendant lighting, a tile backsplash, RAISED PANEL 42'' cabinets with uppers, spacious walk-in pantry, range hood, & stainless appliances. Your feet will love the comfort of the PLUSHLY CARPTETED owners' suite. Luxurious bath has WALK-IN SHOWER with seat, dual sinks, raised dual vanity & walk-in closet. There are 3 more bedrooms, 2 with en-suite baths. The generous laundry has a second refrigerator & ample storage.... ...You'll the private patio for dining & relaxing evenings. A front circular drive provides easy parking and there is room for RVs, boats & lots of toys! Location, views & a beautiful, highly appointed home - you can have it ALL!

18627 N 43rd Place Phoenix, AZ 85050

$599,000
3 Beds
2.5 Baths
1,963 SqFt
Status Active
MLS # 6776064
Property Type Single Family Residence
Price Type --
Must see this spacious yet charming updated home featuring heated spa/pool and solar (owned not leased) on a cul de sac lot. This desirably situated North Phoenix Home has so many updates including Kitchen w/Stainless Steel Appliances including Refrigerator, Countertops, Breakfast Bar, Sink, Faucet, Remodeled Baths w/Tiled Shower Surrounds, Oil Rubbed Bronze Fixtures, Designer Mirrors, Countertops, Sink Bowls, Faucets, Hardware, Light Fixtures, Fireplace, Ceiling Fans w/Lights, Washer & Dryer Included. The beautifully updated backyard recently had $35k spent on the pool/heated spa & cool decking and is perfect for entertaining. You'll love the mountain view from the backyard and master bedroom. Close to everything - High Street, Desert Ridge, Kierland, Scottsdale Quarter, PV Golf, Reach 11 park, CREST. EZ freeway access to 51 & 101. Don't miss it before its gone.

160 N Forgeus Avenue Tucson, AZ 85716

$599,000
3 Beds
2 Baths
1,840 SqFt
Status Active
MLS # 6781329
Property Type Single Family Residence
Price Type --
Prestigious Sam Hughes Neighborhood in a limited 9 lot home community on Forgues Ave. This 2 story, 3bedroom, 2 bath home is located in the heart of Sam Hughe walking distance to Sam Hughes Elementary and even the old Rincon Market now as Floras Market Run. All Garages are in the back of the homes allowing great curb appeal. This home has only been owed by one family. Large living room with built in entertainment area. The down stairs has a step down to living room area from entry. Step down to hallway to bathroom and 2 bedrooms. Stairway upstairs for split master bedroom private with master bath. Roman jacuzzi bath tub, pedestal sinks, separate shower. Large walk-in... closet. Vaulted ceilings, separate laundry room, 2 car garage entry from laundry area. Kitchen with eat in area and built in ovens. Back yard enclosed with jacuzzi and grass area. Investor property. Needs remodeling. Power of attorney is selling home and limited info. Home is being cleaned out and pictures coming soon. Selling home As Is. Nov 30th viewing available BY APPOINTMENT ONLY between 10am-2pm. Proof of funds required prior to viewing. Email to co-listing agent. See private remarks regarding access, notices. DO NOT DISTURB elderly resident! All offers are being reviewed in 30 days. No EXCEPTIONS. Offers accepted with 2 additional back ups.

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