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We cater to self-service users who want to apply for a home loan online and talk to a human only as necessary.
StoneTree Realty is an intimate, professional brokerage providing both residential and commercial real estate services throughout the Phoenix Valley.
It's simple and only takes minutes to find out if you are pre-approved!
Work with an experienced real estate agent to review the terms of your deal.
Finalize and go forward with the purchase or sell of your home!
Don't wait any longer to figure out Your Real Estate situation. Let us help you through the entire process!
We value our clients and work hard to help them in any way we can.
Stone Tree Realty is a Tried-and-True Experienced Company doing all aspects of Real Estate and is Ready Willing and Able to Help Homeowners Sell Their Homes in an expedient way.
We offer many different types of Programs that can fit each and every client's needs on a case by a case-by-case basis.
Stone Tree Realty and its Team of Brokers have a combined experience of over 50 years. Our Title Agents, Lenders, Attorney, and Real Estate Brokers & Agent specializes in the White Glove Treatment. Everyone is treated as an individual in our Boutique Real Estate Firm.
First Time Home Buyers
Sell For Top Dollar
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Don't let Selling or Buying a home overwhelm you. We've got the solutions that make the process easy!
We understand that the process of Selling or Buying a home can be stressful and Hard. We make it easy!
We've helped many people to sell or buy and even if your a first-time home buyers!
Brians a wonderful realtor, he helps you get the job done thank you for your help!
Working with Brian is a dream, he is very attentive to our needs. Being an out-of-state buyer was not an issue as he was great at communicating. I would and I have recommended Brian and his team on many occasions.
Brian was a complete blessing for my daughter & me. Everything I explained to him that I wanted in a household he provided. He made my first-time home buying experience easier than I could have imagined. He was knowledgeable and professional throughout the whole process. I will always recommend his service.
Alyscia Playland LLC.
Working with the Stone Tree Realty was an absolute pleasure. Brian kept things moving along swiftly and resounded in a timely manner.
Have a question about how we can help you?
Check out the questions below to see if we can quickly answer your question!
Getting pre-approved for a mortgage is the first step of the home buying process. Getting a pre-approval letter from a lender gets the ball rolling in the right direction.
First, you need to know how much you can borrow. Knowing how much home you can afford narrows down online home searching to suitable properties, thus no time is wasted considering homes that are not within your budget. (Pre-approvals also help prevent disappointment caused by falling in love with unaffordable homes.)
Second, the loan estimate from your lender will show how much money is required for the down payment and closing costs. You may need more time to save up money, liquidate other assets or seek mortgage gift funds from family. In any case, you will have a clear picture of what is financially required.
Finally, being pre-approved for a mortgage demonstrates that you are a serious buyer to both your real estate agent and the person selling their home.
Most real estate agents will require a pre-approval before showing homes - this is especially true at the higher end of the real estate market; sellers of luxury homes will only allow pre-screened (and verified) buyers to view their homes. This is meant to keep out "Looky Lous" and protect the seller’s privacy. What’s more, by limiting who enters their home, sellers are given extra security from potential thieves trying to case the home (like identifying security systems, locating expensive artwork, or other high-value personal property).
How long does it take to buy a home?
From start (searching online) to finish (closing escrow), buying a home takes about 10 to 12 weeks. Once a home is selected an the offer is accepted, the average time to complete the escrow period on a home is 30 to 45 days (under normal market conditions). Though, well-prepared home buyers who pay cash have been known to purchase properties faster than that.
Market conditions are a major factor in how fast homes are sold. In hot markets with a lot of sales activity, buying a home may take a little longer than normal. That’s because several parties involved in the transaction get behind when business suddenly picks up. For example, a spike in home sales increases the demand for property appraisals and home inspections, yet there will be no increase in the number of appraisers and inspectors available to do the work. Lender turn-around times for loan underwriting can also slow down. If each party involved in a deal takes a day or two longer to get their work done, the entire process gets extended.
If the built-up equity in your current home will be applied to the down payment on the new home, naturally the former will need to be sold first.
Some home buyers decide to turn their current home into an investment property, renting it out. In that case, the current home will not need to be sold. However, your loan advisor will still need to evaluate your risk profile and credit history to determine whether making a loan on a new home is feasible while retaining title to the old home.
Buyers often have a short time frame to sell their current home when relocating to a new city because of a job transfer. If you are moving but taking a position with the same employer, check to see if they offer relocation assistance to help offset some of the costs.
When you make an offer on a home, your agent will ask for a check to accompany it (checks are the same as cash, and the deposit is typically 1% to 2% of the purchase price). Earnest money is made in good faith to demonstrate - to the seller - that the buyer’s offer is genuine. Earnest money essentially takes the home off the market to anyone else and reserves it for you.
The check (or sometimes cash) is deposited in a trust or escrow account for safekeeping. If a deal is struck, the earnest money is applied to the down payment and closing costs. If the deal falls through, the money is returned to the buyer.
Important: if the terms of a deal are agreed upon by both parties, but then the buyer backs out, the earnest money may not be returned to the buyer. Ask your agent about the ways to protect your earnest money deposit and the ways to protect it – such as offer contingencies.
A stratified market happens where supply and demand characteristics differ by price point, in the same area (typically by city). For example, home sales for properties above $1.5M may be brisk (seller’s market) while homes under $750k may be sluggish (buyer’s market). This scenario comes along every so often in West Coast cities where international investors - looking to park their money in the United States - buy expensive real estate. At the same time, home sales activity in mid-priced homes could be entirely different.
Home shoppers pay little or no fees to an agent to buy a home.
For most home sales, there are two real estate agents involved in the deal: one that represents the seller and another who represents the buyer.
Listing brokers represent sellers and charge a fee to represent them and market the property. Marketing may include advertising expenses such as radio spots, print ads, television, and internet ads. The property will also be placed in the local multiple listing service (MLS), where other agents in the area (and nationally) will be able to search and find the home for sale.
Agents who represent buyers (a.k.a. buyer’s agent) are compensated by the listing broker for bringing home buyers to the table. When the home is sold, the listing broker splits the listing fee with the buyer’s agent. Thus, buyers don’t pay their agents.
Most loan programs require a FICO score of 620 or better. Borrowers with higher credit scores represent less risk to the lender, often resulting in a lower down payment requirement and better interest rate. Conversely, home shoppers with lower credit scores may need to bring more money to the table (or accept a higher interest rate) to offset the lender’s risk.
The national average for down payments is 11%. But that figure includes first-time and repeat buyers. Let’s take a closer look.
While the broad down payment average is 11%, first-time homebuyers usually only put down 3 to 5% on a home. That’s because several first-time homebuyer programs don’t require big down payments. A longtime favorite, the FHA loan, requires 3.5% down. What’s more, some programs allow down payment contributions from family members in the form of a gift.
Some programs require even less. VA loans and USDA loans can be made with zero down. However, these programs are more restrictive. VA loans are only made to former or current military service members. USDA loans are only available to low to-middle income buyers in USDA-eligible rural areas.
For many years, conventional loans required a 20% down payment. These types of loans were typically taken out by repeat buyers who could use equity from their existing home as a source of down payment funds. However, some newer conventional loan programs are available with 3% down if the borrower carries private mortgage insurance (PMI).
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