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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20144 W San Juan Avenue Litchfield Park, AZ 85340

$594,990 - 4Br/3Ba -  for Sale in Canyon Views Phase 3 Unit 2, Litchfield Park
New
$594,990
4 Beds
3 Baths
2,693 SqFt
Status Active
MLS # 6786755
Property Type Single Family Residence
Price Type --
Topaz sitting on a large lot with an 8' gate. Multi slide door that leads out to the extended covered patio. Owner's bath has separate tub and shower & dual vanity sinks Stainless steel gas appliance package with a 36'' cooktop, wall oven, built in microwave, and T-shape hood. Sonoma Linen-off white cabinets with pull out trash drawer and 42'' kitchen uppers. AZT Tawny quartz countertops at kitchen and all baths. Kitchen backsplash 2x5 linear hex tile. Upgrade flooring includes Beaumont Olmo 7x22 plank tile in all areas of the home except for bedrooms and closets. Dual sinks at bath 2, soft water loop, gas stub for future BBQ, 8' tall garage door for those high profile vehicles and garage service door and so much more. Estimated to be complete in February. Please verify all information with onsite agent . Thank you!

4359 N 203rd Avenue Buckeye, AZ 85396

$594,990
3 Beds
2 Baths
1,674 SqFt
Status Active
MLS # 6736229
Property Type Single Family Residence
Price Type --
This Gorgeous Altena floorplan curated with Classic 'Looks' interiors selections offering a gorgeous cohesive design. Your spacious kitchen is designed with a large island, pendant lighting, quartz counters, stunning stacking cabinets and GE profile stainless steel appliances. Feel the openness of your great room and dining room with coffered ceiling and crown molding. Enjoy indoor-outdoor living with your 12 ft sliding glass door. The Primary Suite includes an Upgraded no step rain shower. Wood look tile throughout most rooms and plush carpet in bedrooms, plus window coverings included! ^^Short/long term interest rate buydowns available when choosing our preferred Lender. Additional eligibility and limited time restrictions apply.

22873 E Roundup Way Queen Creek, AZ 85142

$594,990
4 Beds
3 Baths
2,234 SqFt
Status Active
MLS # 6764472
Property Type Single Family Residence
Price Type --
''The Sunflower floorplan is ideal for modern living, featuring an expansive kitchen with a large island, pantry, and generous dining and Greatroom areas, perfect for entertaining guests or enjoying quality family time. Step into this stunning quick move-in home, offering a thoughtfully designed 2234 sqft layout with 4 bedrooms, a guest retreat, 3 full bathrooms and 2.5 car garage. The home radiates elegance with finishes from the Oxford Collection, showcasing 6 x 36 Vicinity Natural plank tile floors in the main living areas, plush carpeting in the bedrooms, and stylish 42'''' Fairview Sarsaparilla shaker cabinets adorned with sophisticated Champagne Bronze hardware. The kitchen is truly a showstopper, featuring Della Terra Quartz countertops in Carrara Breeze and a 3 x 12 Matte White brick-pattern tile backsplash, creating a seamless blend of luxury and functionality. Additional highlights include a paver driveway and entry walkway, two-tone paint, and 8' doors throughout, adding to its refined appeal. The spacious Greatroom is accented by a 4-panel sliding glass door that seamlessly transitions to the covered patio and backyard, making it perfect for embracing indoor-outdoor living. This home is fully equipped with stainless steel appliances, including a gas range, microwave, dishwasher, refrigerator, white washer and dryer, blinds, soft water loop, and a garage door openermaking it truly move-in ready. This Sunflower plan combines thoughtful design with elegant details, creating an inviting and meticulously finished space that's ready to welcome you home. Don't miss the opportunity to experience this gem firsthand.

20257 W Catalina Drive Buckeye, AZ 85396

$594,990
4 Beds
3 Baths
2,510 SqFt
Status Active
MLS # 6783696
Property Type Single Family Residence
Price Type --
QUICK MOVE-IN HOME! MOVE INTO YOUR NEW HOME BEFORE THE HOLIDAYS! SPECIAL FINANCING WITH BELOW MARKET INTEREST RATES AVAILABLE! MOVE-IN PACKAGES AVAILABLE! PLEASE INQUIRE ABOUT THESE SPECIALS ON THIS QUICK MOVE-IN HOME AND OTHERS. ACT SOON BEFORE IT IS TOO LATE! It's the beautiful Jade floor plan with 4 bedrooms and 3 baths. Multi slide door that leads out to the covered patio. Large walk in shower at owner's bath with tile surrounds. Kitchen features include a stainless steel gas appliance package with a 30'' cooktop, wall oven, canopy hood. Barnett Boulder cabinets. AZT Hana Sky Quartz countertops on the expanded kitchen island. Stainless steel undermount single bowl sink. Upgrade flooring includes DT Valance Gray 6x24 plank tile in all areas of the home except bedrooms and closets. Gas stub for future BBQ, soft water loop, 8' tall garage door with two remotes. Garage service door for easy access into the backyard and so much more.

2173 N Iowa Street Chandler, AZ 85225

$594,990 - 3Br/3Ba -  for Sale in Arbor Square, Chandler
Open House
$594,990
3 Beds
2.5 Baths
1,881 SqFt
Status Active
MLS # 6774238
Property Type Single Family Residence
Price Type --
Brand New Home Alert! Welcome to Arbor Square, where luxury and convenience meet in the heart of Downtown Chandler. Nestled within walking distance to the vibrant Downtown Chandler Entertainment District, our community provides the perfect balance of urban living and peaceful escape. Each home at Arbor Square boasts top-of-the-line amenities, designed with your comfort and convenience in mind. From elegant quartz countertops to luxury vinyl plank flooring, every detail has been carefully selected to provide you with a high-end yet modern living experience. Our homes also feature pre-wiring for EV chargers, making it easy for you to stay connected and eco-friendly. Our community is designed to give you all the perks of luxurious living without the hassle of upkeep. Experience the best of urban living in a peaceful and modern setting at Arbor Square. Come find your perfect home today! Photos are of the builder's model of a similar floor plan, actual home is under construction. Contact listing the agent for additional incentives. Agents Must accompany their clients upon their first visit.

2627 N 30th Place Phoenix, AZ 85008

$594,900
2 Beds
1 Bath
800 SqFt
Status Active
MLS # 6688674
Property Type Single Family Residence
Price Type --
ATTENTION INVESTORS AND BUILDERS. Small rental home on this amazing RARE LARGE parcel size of 17,000sf!! Zoning is R1-6, so each lot (without a variance) needs a minimum of 6,000sf per lot, but many lots in the area are less than 6,000sf. No variance needed if you split the site into two lots and you could build one home on the South lot and keep the small home on the North lot as rental income ($1,500/mo) until you are ready to tear it down and build a new home. Phoenix zoning now allows ADUs (Additional Dwelling Units). Many new homes are being built in the immediate area and this is a RARE parcel size!! See photos with potential development ideas. Check with city to verify all info. Please don't disturb the tenants by walking the lot without permission from agent. THANK YOU!

769 W Citrus Way Chandler, AZ 85248

$594,900
3 Beds
2 Baths
1,979 SqFt
Status Active
MLS # 6738698
Property Type Single Family Residence
Price Type --
This fabulous residence nestled in the Fox Crossing Community is the one you've been looking for! Make yourself at home in the inviting interior showcasing a designer color palette, neutral tile flooring, and soft carpet in all the right places. The well-appointed kitchen boasts wood cabinetry adorned with crown moulding, sleek granite counters, matching built-in appliances, pendant lighting, a stylish mosaic backsplash, and a center island equipped with a breakfast bar. The serene main bedroom features private outdoor access, an immaculate ensuite with dual sinks, separate tub/shower, and a walk-in closet. Spend relaxing afternoons along with your loved ones in the charming backyard, offering a covered patio and an easy-care landscape! Don't let this home slip by!

15 W Palmcroft Drive Tempe, AZ 85282

$594,900
3 Beds
2 Baths
1,608 SqFt
Status Active
MLS # 6767877
Property Type Single Family Residence
Price Type --
Beautifully updated mid century gem with all the historic charm intact in the heart of downtown Tempe! Impeccably maintained with updates galore featuring 3 bed/2 baths, large professionally landscaped lot, award winning schools, walking distance to ASU, downtown Tempe and Gammage. Updates include: new roof, new Trane a/c, plantation shutters, professionally landscaped backyard including irrigation system, block wall/fence, gate, extended covered patio & large storage shed, new windows, interior and exterior doors, remodeled kitchen, stainless appliances, remodeled bathrooms, interior and exterior paint & newer water heater. Date Palm Manor is a historic designated neighborhood which reduces owner property taxes by half.

9919 E Radioactive Drive Mesa, AZ 85212

$594,900
3 Beds
3 Baths
2,115 SqFt
Status Active Under Contract
MLS # 6655238
Property Type Single Family Residence
Price Type --
Major Price Reduction! Better than New! 3 Bed + Den, 3 Baths, 3 Car Tandem Garage. Very spacious floorplan. Wood Plank Like Tile Flooring w/Upgraded Carpeting. Across the street from a park. Features Include: Butler Pantry, Large Kitchen Pantry, Gas Cook Top, Granite Countertops throughout w/ Island &Breakfast Bar, White Cabinets with Pull Handles, Wood Shutters, Soft close drawers & cabinets, Gas Stub for BBQ, Walk-In Master Shower, Extra Insulation to Garage, Built in Classy Closets in Garage w/overhead cabinets, Epoxy Garage Floor, Backyard Fully Landscaped w Brick Pavers and Artificial Turf, Water plumbed to backyard to add irrigation for garden boxes, Pavers at Front making driveway wider, Overhead cabinets in Laundry. 5 minute freeway access. Eastmark Community offers: Heated Pool, Splash pad, Dog parks, Many Parks, Tennis courts, Fishing Pond, Ball fields, Frisbee golf course and Rec Center. There are many recreational spots close by including a regional sports park just south of this home on Ellsworth and Pecan Lake Entertainment which offers many various attractions and restaurants.

2451 E Glencove Street Mesa, AZ 85213

$594,900
6 Beds
3 Baths
2,950 SqFt
Status Active
MLS # 6778523
Property Type Single Family Residence
Price Type --
Discover the charm of this 6-bedroom, 3-bath property, NO HOA, now for sale! You'll love the sizable living areas featuring tall ceilings, neutral paint tones, and hardwood flooring, creating an inviting atmosphere for hosting and entertaining. The kitchen is the heart of the home, equipped with generous counter space, a mosaic tile backsplash, rich wood cabinetry, recessed lighting, and a breakfast bar. Retreat to the main suite, boasting two ceiling fans, a sitting area, an ensuite, and a walk-in closet. Venture upstairs to find more sizable bedrooms! Experience the ultimate outdoor lifestyle with weekend BBQs, refreshing swims in the crystal-clear pool, and endless opportunities for relaxation and fun. What are you waiting for? Make this gem yours today!

12800 N 172nd Drive Surprise, AZ 85388

$594,325 - 5Br/4Ba -  for Sale in Ryder Ranch, Surprise
Open House
$594,325
5 Beds
3.5 Baths
3,159 SqFt
Status Active
MLS # 6756193
Property Type Single Family Residence
Price Type --
QUICK MOVE-IN!!!!! SELLER IS OFFERING INTEREST RATE AND CLOSING COST ASSISTANCE! This beautiful new home is a must see. 5 bedrooms, 3.5 baths, loft and a 3-car tandem garage. 1st floor Owner's Suite! Beautiful, tiled floors on 1st floor including the Great Room, upgraded carpet upstairs and in bedrooms, The home has a large open kitchen and great room. Beautiful gray Cabinets, Quartz countertops, Stainless steel appliances and a large kitchen island. Secondary bedrooms are good size, and some have walk in closets, they are all surrounded by a spacious loft. The home is on a large lot that gives you many entertaining opportunities and has no backyard neighbors. THIS HOME IS COMPLETED!

4307 N 15th Drive Phoenix, AZ 85015

$594,100
4 Beds
2 Baths
1,629 SqFt
Status Active
MLS # 6723895
Property Type Single Family Residence
Price Type --
Welcome to this charming single-family home located in the desirable Bel Air community. It features 4 bedrooms, 2 bathrooms, and spans 1,629 square feet in a desirable area. This home offers a mix of classic appeal and modern updates. This home provides an ample outdoor space, including a private pool which has been fully updated and covered patio. The home is near schools, parks, and shopping, making it ideal for families.

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