Whether You Rent or Buy, Either Way You’re Paying a Mortgage!

Whether You Rent or Buy, Either Way You're Paying a Mortgage! | Simplifying The Market

There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical Steps to Getting Rich”:

“While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight, but by renting, you’re paying someone else’s mortgage. In effect, you’re making someone else rich.”

Christina Boyle, Senior Vice President and head of the Single-Family Sales & Relationship Management organization at Freddie Mac, explains another benefit of securing a mortgage as opposed to paying rent:

“With a 30-year fixed rate mortgage, you’ll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years – unlike rents which will continue to rise over the next three decades.”

As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee the landlord is the person building that equity.

Interest rates are still at historic lows, making it one of the best times to secure a mortgage and make a move into your dream home. Freddie Mac’s latest report shows that rates across the country were at 4.22% last week.

Bottom Line

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, now may be the time to buy. Give me a call to get started – J.P. Cook – 602-320-4253.

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13330 E Jomax Road Scottsdale, AZ 85262

$5,250,000
3 Beds
3.5 Baths
4,764 SqFt
Status Active
MLS # 6754006
Property Type Single Family Residence
Price Type --
Welcome to this prime, 20 acre desert location near Scottsdale's iconic landmarks. Located directly adjacent to the McDowell Mountain Preserve and at the end of a paved, dead end road, you will find this stunning, pristine lot covered with the boulders that make the McDowell mountain park region unique. These formations are part of the broader landscape of the Sonoran Desert, which is known for its dramatic geological features. The combination of the desert environment with these ancient, weathered granite boulders creates a unique ecosystem and visual experience. The proximity to McDowell Mountain Park means that outdoor enthusiasts have direct access to miles of non motorized trails for hiking, biking, and trail riding right from their doorstep. At the heart of this exquisite parcel is a 4,700 square-foot custom home designed to complement the surrounding environment. The home features expansive windows and doors in every room to the outdoor living spaces that takes full advantage of the breathtaking 360' views of the Four Peaks, Granite Mountian, McDowell Mountain Range and the surrounding desert landscape. The architecture includes elements like stone and wood, harmonizing with the natural terrain. The master bedroom, complete with its own fireplace, has its own exit to the pool and spa which overlooks Tom's Thumb while the guest room and attached casita open to the north patio to take in the views of granite mountain. Views are amazing from EVERY room. The great room, chefs kitchen and custom wet bar ensure plenty of space for entertaining or just enjoying the cozy fireplace. Additionally the large and fully equipped attached casita is perfect for family or out of town guests with their own access to enjoy your time with them but allows everyone their own space. Head outside to find the 12 stall mare motel with 60' runs, lights and automatic waterers located right next to the 8 horse Priefert walker. Also noteworthy is the BRAND NEW, high producing well!! The arena is huge at 150 x 300 with new footing and plenty of parking for trailers if your friends come over to rope, trail ride or just hang out. This area is surrounded by upscale communities, with nearby luxury homes and ranch estates that take full advantage of the natural beauty and privacy the desert offers. While the setting provides a peaceful retreat, the property remains conveniently located just minutes away from world-class golf courses like Troon North, Desert Mountain, and Estancia and is just a short drive from Scottsdale's fine dining, boutique shopping, and cultural attractions, ensuring that convenience meets tranquility in this desert oasis.

10801 E Happy Valley Road Unit 132 Scottsdale, AZ 85255

$5,250,000 - 5Br/7Ba -  for Sale in Glenn Moor At Troon Village, Scottsdale
New
$5,250,000
5 Beds
6.5 Baths
7,060 SqFt
Status Active
MLS # 6772486
Property Type Single Family Residence
Price Type --
This home is an architectural gem with a truly timeless feel, on the market for the first time since winning the Arizona Home of the Year / Honor Award in 2001. Designed by the renowned architect Gordon Rogers, this estate embodies the best of organic contemporary architecture. This is a rare opportunity to own a masterpiece in the exclusive, guard-gated community of Glenn Moor at Troon Village. Known for creating homes that merge seamlessly with their natural surroundings, Rogers' vision is evident throughout this property, which has been thoughtfully updated by its current owners while preserving its original design integrity. The estate's layout is divided by a natural arroyo, which created the perfect design opportunity to connect the guest house on one side with the main... residence on the other, for an organic flow. The dramatic approach takes guests up broad concrete steps and across a bridge, culminating in a striking 9-foot-wide pivoting entry doora bold first impression. The main house offers 6,030 square feet of meticulously crafted living space, with an additional 1,030 square feet in the detached guest house, bringing the total to 7,060 square feet. Inside, the great room stuns with a soaring ceiling with beautiful tongue and groove wood, supported by four concrete columns and two sculptural steel fins, and is framed by high clerestory glass walls that capture panoramic views of the surrounding mountains. The floating roof, with its cantilevered ends, mirrors the curves of the land and the infinity-edge pool, both of which reflect the natural topography. Hand selected from the quarry, the Utah sandstone found throughout the home blends harmoniously with the desert landscape. The same stone is used for both walls and floors, creating a seamless flow from the interior to the outdoor spaces. A real once-in-a-lifetime estate that truly encompasses architectural feats known only to select residences. Offering a perfect blend of cutting-edge architecture, natural beauty, and modern upgrades, this home is designed for the discerning buyer seeking a uniqueness rarely made available. Most furnishings and accessories available by separate bill of sale.

8300 E Dixileta Drive Unit 263 Scottsdale, AZ 85266

$5,250,000
4 Beds
4.5 Baths
6,700 SqFt
Status Active
MLS # 6772092
Property Type Single Family Residence
Price Type --
Perched 600 feet up Lone Mountain, this organic Pueblo-style home, designed by architect Lee Hutchison, presents a rare opportunity on a double lot, offering ample space to build or expand on 3.4 acres. The custom home radiates warmth and Southwest charm with its polished concrete floors, viga accent beams, and adobe brick walls. The expansive great room flows seamlessly into a gourmet kitchen, featuring top-of-the-line appliances, including a Viking Professional 6-burner range, a stunning 24K gold farm sink, and hand-painted tile accents. The luxurious primary suite is a true retreat, complete with separate his and hers areas, a gas fireplace, and electric blinds for added privacy. The spa-like bath boasts a jacuzzi soaking tub with mountain views and a custom tile steam shower... With eight gas fireplaces throughout, the home ensures warmth and comfort in every space. A detached casita offers ultimate privacy for guests while providing expansive city light views. Step outside to discover an outdoor oasis featuring a heated infinity edge pool with a dark pebble finish, a heated jetted spa, and multiple covered flagstone patios. An outdoor kitchen equipped with a Viking BBQ completes this entertaining paradise. The oversized four-car garage includes new epoxy flooring and built-in cabinets, providing ample storage and functionality. Nestled in the vibrant community of Sincuidados, residents enjoy a variety of amenities, including pickleball, tennis, and wine tastings. This exceptional property combines luxury, space, and stunning views, don't miss your chance to make it your own!

10284 E Running Deer Trail Scottsdale, AZ 85262

$5,250,000
4 Beds
6 Baths
6,219 SqFt
Status Active
MLS # 6774364
Property Type Single Family Residence
Price Type --
Stunning newly built home situated on Troon North Golf course in Estancia. With views of Pinnacle Peak out the front and golf course and mountain views in the back this contemporary home is truly Arizona resort living. Completed in 2020, this single level has an inviting open floor plan. The great room opens up to the perfect indoor/outdoor space with disappearing wall of glass overlooking the pool/spa, outdoor kitchen , dual fire-pits and multiple patio seating areas. all overlooking the golf course ! Inside the chef's kitchen has top of line appliances including walk in butler's pantry with refrigerator , and huge oversized island with double-sided cabinetry. The primary suite has it's own patio and separate exercise room and a redesigned closet of your dreams.

6001 N 44th Street Paradise Valley, AZ 85253

$5,250,000
6 Beds
8 Baths
7,966 SqFt
Status Active
MLS # 6775549
Property Type Single Family Residence
Price Type --
Immerse yourself in luxury living with breathtaking Camelback Mountain views from this palatial estate in one of the most sought out locations in Paradise Valley. Walls of retractable glass allow the jaw dropping views of Camelback Mountain to take center stage day and night in all public spaces in this 1 acre, 7,966 SF, 6 bedroom 8 bath custom estate with attached guesthouse and 4 car garage. Built with a catering kitchen, this home is an entertainer's paradise and has accommodated a 250 person plated dinner for distinguished guests, including Presidents of the United States. Features which elevate everyday living include: multiple wings with additional family/recreation rooms, theater room, expansive outdoor covered patio with fireplace, negative edge heated pool with water features,

10261 E De La O Road Scottsdale, AZ 85255

$5,200,000
5 Beds
6 Baths
5,570 SqFt
Status Active
MLS # 6761171
Property Type Single Family Residence
Price Type --
Extraordinary opportunity to skip the wait to build. Just completed Farmhouse Contemporary in the extraordinary private-gated community of Camelot's Skye View w only 21 award winning homes. World class views of Pinnacle Peak & the McDowells in the heart of North Scottsdale's most iconic golf communities. The stunning interior offers wall to wall French Oak floors, Great room with fireplace, Gated courtyard, Separate casita + seamless indoor-outdoor living. The award winning design has a south facing backyard nestled under the majestic McDowell Mountains and tucked into the back of the community offering peace and tranquility. Perfect outdoor living w 2 large sliding doors that open seamlessly onto the courtyard and backyard with generous patios and living spaces. Entertaining perfection is complete with pool, spa and fresh landscaping. Just minutes from Scottsdale's best dining, shopping, hiking, recreation.

6271 E Horseshoe Road Paradise Valley, AZ 85253

$5,200,000
4 Beds
5 Baths
5,134 SqFt
Status Active
MLS # 6756810
Property Type Single Family Residence
Price Type --
Fully furnished golf course modern with soaring ceilings and Mummy Mountain views! Newly remodeled kitchen, flooring, bedrooms, and bathrooms. Entertainers dream with new heated pool/spa and outdoor BBQ area. Located on Camelback Country Clubs Ambiante Golf course, beautiful flowers surround sidewalks and jogging/ biking paths. In the A+ rated CCC school district and moments from central Scottsdale's shops, restaurants and grocery stores. Split floorplan of primary suite with his and hers bathrooms and closets and generous bedroom on one side, office/den and two additional ensuites on the other. Large formal living and second entertaining space off of the kitchen. No interior steps and immaculacy furnished in Restoration Hardware.

29672 N 77th Place Scottsdale, AZ 85266

$5,200,000
6 Beds
6.5 Baths
6,430 SqFt
Status Active
MLS # 6760786
Property Type Single Family Residence
Price Type --
Totally reimagined in 2023/24, this luxurious North Scottsdale estate is situated on 1.78 acres in an exclusive, gated community of 5 homes. This home captures the incredible views surrounding its peaceful & serene setting. An expansive split floor plan w 5 spacious bedrooms, 5 1/2 baths, game area & full wet-bar in the main house (AC 4 car garage) & a guest house/casita w/ 2 bedrooms (1 is an exercise room), bath, kitchenette & living area. Gourmet kitchen includes Quartzite counters, custom Alder wood cabinetry & Miele, Wolf, Sub-Zero appliances. A 1600 sf covered patio offers you sunrises over the majestic McDowells & sun sets over the Valley all while you are having coffee, gathering friends in the evening, swimming or playing tennis on your private lighted court. No expense spared on this magnificent home! You will love all the amenities of this home & the incredible outdoor/indoor living it offers. Minutes from Carefree and North Scottsdale dining, shopping and entertainment.

4450 E Green Reservoir Road Eloy, AZ 85131

$5,200,000
4 Beds
2 Baths
2,200 SqFt
Status Active
MLS # 6729530
Property Type Manufactured Home
Price Type --
BEAUTIFUL TREE LINED ±360 ACRE FARM with AMAZING MOUNTAIN VIEWS, EQUESTRIAN FACILITIES & MULTIPLE HOMES! Currently growing alfalfa & offering farm hand housing, cotton gin building, hay barns, over 50 RV hook ups, over 30 pens, ±30 covered horse stalls, corals, an arena, fenced pastures & riding trails. All the infrastructure was thoughtfully designed to host rodeos & board horses. The main residence has a split great room floor plan with vaulted ceilings, large kitchen, 4 bedrooms, 2 bathrooms, family room with fireplace, office with separate entrance & full length covered porches. The second residence has been recently renovated with rustic charm & boasts 3 bedrooms with wrap around covered patios.. CAIDD provides water for ±316 farmable irrigated acreage. Owned well sustains 40 acres.

5347 E Mockingbird Lane Paradise Valley, AZ 85253

$5,199,000 - 5Br/5Ba -  for Sale in Turquoise Hills 1a, Paradise Valley
Open House
$5,199,000
5 Beds
4.5 Baths
7,425 SqFt
Status Active
MLS # 6754720
Property Type Single Family Residence
Price Type --
Price at 700 per sq ft. Absolute Must See! Amazing open floor layout on this beautiful estate, meticulously maintained, located in the highly sought after Paradise Valley area with spectacular Mummy Mountain views. Recently refreshed Primary wing. Custom brick ceilings, exposed wood beams, beautiful stone accents throughout the home, and custom wood cabinetry. 3 large stone fireplaces. Oversized kitchen with large 14 ft island and high end appliances. Vaulted ceilings throughout. New hardwood flooring throughout the home. Recently updated theatre room. Oversized showers throughout. Enjoy entertaining with surround sound throughout. 16 ft glass sliding pocket doors leading out to the backyard with resort style heated pool equipped with water features, hot tub, built in trampoline.

22439 N 89th Street Scottsdale, AZ 85255

$5,195,000
4 Beds
4.5 Baths
5,147 SqFt
Status Active
MLS # 6756386
Property Type Single Family Residence
Price Type --
Modern Farmhouse in desirable White Horse community! This 5147 sf single level home is located one of Scottsdale's hottest neighborhoods due to its amazing architecture and convenient location. Set on nearly .7 acres, this site is regarded as the best lot in Whitehorse due to its orientation, deep backyard, open space behind and stunning McDowell Mountain views from the back. Desirable single level floorplan features 4 bedrooms and a media room/bonus room, along with a 4 car garage. The great room and kitchen have an open-concept design, featuring glass pocket doors that seamlessly connect to the front and back covered patios—perfect for enjoying Arizona's mild weather and entertaining guests. Private backyard oasis is anchored by a stunning pool surrounded by lush turf and captures sweeping mountain views. State of the art features include Wolf/Subzero kitchen appliances, double dishwashers, brick accent wall in kitchen, wide plank white oak flooring, beamed truss ceilings, built in media wall in bonus room, quartz and limestone counter tops, 3 tankless water heaters and a separate dog wash in laundry room. Whitehorse is conveniently located just north of DC Ranch in North Scottsdale, 1 mile from the shopping /dining of Market Street, and minutes away from the Loop 101. Please preview to see why this address is in such high demand!

10535 E Paradise Drive Scottsdale, AZ 85259

$5,000,000
6 Beds
6.5 Baths
6,181 SqFt
Status Active
MLS # 6596265
Property Type Single Family Residence
Price Type --
NEW CONSTRUCTION - Permits ready and we are set to break ground on the exceptionally designed Modern Luxury Estate brought to you by Blue Sky Homes. Boasting roughly 5312 SF this home is an entertainer's dream, with open kitchen, large sliding door system to the backyard and a split bedroom floor plan and with 10'+ ceilings. Guest will fee welcomed in the spacious 800+ SF casita overlooking resort style backyard. This amazing home is located in the popular Cactus/Shea corridor close to shopping, dining, as well as hiking trails. Don't miss out on the opportunity to semi customize this desert gem before it's too late. *This property is located on lot A of the site.

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