Buy or Sell Homes in South East Valley of Arizona

Have you ever considered paying off the mortgage on your home in two biweekly payments rather than one monthly payment? It might seem like this wouldn't make a difference, but the truth is that biweekly payments really do add up more quickly.   Since there are 52 weeks in a year you will end up making 26 payments in total – which is equal to 13 months rather than 12. This means that your mortgage will be paid off more quickly and you will save money on interest payments in the long run.  This arrangement might be the best for you when it comes to paying off your mortgage quickly and saving money, but it’s important to consider the possible disadvantages before you make the decision. Cons of a Biweekly Mortgage Payment ·                   Often lenders do not offer biweekly services free of charge. You will be required to pay a registration fee as well as paying biweekly charges. ...

3 National Housing Market Trends After hitting post-recession highs, existing-home sales declined in September. According to the National Association of Realtors, total existing-home sales were down 1.9 percent from August to September. Yet for the past 27 months, sales have stayed above year-ago levels, and September proved to be no exception; sales are still 10.7 percent above the pace set at the same time last year. The Northeast saw a sales decline of 2.8 percent but managed to surpass last year's...  Read More Remodeling Market Index Highest Since 2004 More homeowners are upgrading their homes' windows and installing their dream kitchens. For the second quarter in a row, the Remodeling Market Index has climbed. According to the National Association of Home Builders, the RMI has risen by a modest two points to 57. This is the highest the index has reached since the first quarter of 2004. The index measures the optimism of remodelers in regards to the current and fut...

Giving back to the community is something I really believe in, if you are in the area of Higley and Germann today come by the    Frys @ 6470 S. Higley Road, Gilbert 85298- come by and see me!  :) If you have Kids or Grand kids we are doing some fun stuff to keep them entertained!!

It’s important to do as much research when you can when you’re preparing to buy a home. And while it’s necessary to read up on everything you can before you begin searching, it’s also important to have a quick-to-access home buyer’s checklist. I’ve listed all of the key things you will want to look out for and ask about while you are house-hunting, so be sure to print this out or pull it up on your smart phone – to guarantee you cover everything you need to assure you find the perfect home! Step One: The Home Here is everything you will want to look over and ask about for each house that you look at: ·          Square footage ·          Number of bedrooms ·          Number of full baths ·          Number of half-baths ·          Condition of walls (interior) ·  ...

Well, Completely off topic- but this seems to be in the minds of most everyone I talk with and  since no one really knows what the Affordable Care Act ( ACA ) means to them, I thought I would share this bit of information I came across.  Hopefully it will help!  Snippet from the article: If you are a human being in the United States, chances are you know about the Affordable Care Act ( ACA ). However, do you really know about the ACA? Strange as it might sound, as a Realtor or other small business owner working in the industry, it is important that you do. There is a large amount of diversity when it comes to the employment situations of those working in the mortgage and real estate sectors. Some are self-employed, some work for small or large companies, and some people run those companies. The ACA affects all of these people in dramatically different ways. Let’s look at just what this law means in all of those situations.  For the rest of the...

Some folks are saying "the lights went out this month".  Now I am and always will be an optimist.  Giving the choice- the cup will always be ½ full.  But I see our market flatting out, ebbing in a way that makes sense.    If we keep seeing the 15-20% equity build as we have in the past 2 years- then I think I would be worried.  As I think you would see the chart explain well- Click on the link to see all of them https://www.dropbox.com/s/b1b8g6jnkh1gs5m/Sept%20stats%202013.pdf    Summary Statistics Sep-13 Sep-12 % Chg 2013 YTD 2012 YTD % Chg Absorption Rate 3 2.69 11.52 2.82 2.54 11.02 Average List Price $377,728 $332,695 13.54 $291,739 $247,968 17.65 Median List Price $219,999 $179,900 22.29 $190,000 $153,900 23.46 Average Sale Price $236,389 $199,251 18....

The National Association of Homebuilders/Wells Fargo Housing Market Index dropped two points to 55 from September’s revised reading of 57. Builder concerns over labor costs and availability and economic uncertainty related to the federal government shutdown were noted as factors contributing to the lower reading for October.  Key Points Noted In October ‘ s HMI included : Builder confidence remains above 50, which indicates that more builders have a positive outlook on housing market conditions than those with negative sentiment. The October HMI cites pent-up buyer demand in markets throughout the US as a positive influence on October’s reading. A spike in mortgage rates lowered builder confidence, but the Federal Reserve’s decision not to change its quantitative easing program eased fears about rapidly rising mortgage rates. The federal government shutdown, along with builder and consumer concerns about the national ...

For the whole report-   http://www.anypresentations.com/enl/view.php?id=6763&sid=2e4c&NID=97   National Home Sales Remain Above Year-Ago Levels When it comes to predicting immediate future sales, economists rely on the Pending Home Sales Index. It tracks the number of contracts in the housing market, not closings. And while July's pending home sales were down a slight 1.3 percent, they were still 6.7 percent above last year's level.  What's more, for the past 27 months the index has stayed above year-ago levels  Rising Mortgage Rates The slight dip in the index can be blamed...  Read More What You Need to Know Before Choosing a Home Mortgage Once you have found the perfect home and it has passed its home inspection, the next step is finding the right home mortgage. There are many different types of mortgages, and each has its benefits and drawbacks. You need to understand the ins and outs of your mortgage agreement before yo...

Check out some tips and tricks for  your home!  http://www.anypresentations.com/enl/view.php?&id=6763&sid=2e4c&NID=96

ARMLS puts together a chart each month that recaps the market...this is helpful as each area is selling for more or less because of demand.  See this chart in the link and it will show you the picture of where we are at. http://www.armls.com/docs/armls-home-sales-2013/hmsalesarmlsaugust2013.pdf?sfvrsn=2 Now, each community will sell for more or less because of demand- so if you need help buying or selling your home, please feel free to give me a call. I can help you narrow down the price for the home in a certain community by the specifics.    I am always happy to help you answer any questions, with no obligation.  I am just a phone call away!

First you get all of your finances in order and start the process of looking for the home you and your family need.  After a while of searching for the perfect home- You find it, this is the one you can see your furniture in, see your daughter come down the stairs for her first date, see your son hanging in the living room with his buddies and all of the other dreams you have for your home.  You are so excited you found it! However, you’re not the only one that loves the home, because there are multiple offers — and one of them is cash. Cash buyers are seen as desirable because they’re almost always a guaranteed quick close. They don’t have to borrow money from a bank therefore won’t have any financing hang-ups, which is where a large portion of offers fall through. Don’t worry; not all hope is lost. Follow the steps below to beef up your offer and get your foot in the door. So to speak; Get Pre-Qualified and Pre-Approved Have your lender do the DU app...

Report overview: This report includes MLS data for the past 36 months in Maricopa County only as provided by the FlexMLS system. Please note that searches fluctuate daily when running these reports; these figures were obtained on 7/4/13 .   A reminder that you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying – blended statistics will not be as accurate as a more detailed report that your real estate professional can provide to help you with your decision making. Click HERE to view full market report!

Below is the my Real Estate Market Update compiled from Michael Orr’s ASU Monthly Housing Report, ARMLS STAT and The Arizona Republic. This data is typically 45 days behind current market conditions.  I hope you find this data and information valuable! June Stats from ARMLS ·         New Listings in June fell by 6% to 9,246 from the prior month. Year over year we are down .3% ·         Inventory:  T otal inventory declined again 1.1% to 19,511 in June… Months supply of inventory is 2.37 ·         As of July 11 th … ARMLS showed 15,725 active listings with 3,786 UCB listings…30,000 active listings is considered normal! ·         Home Sales: June sales decreased 12.8% to 8,228 from May. Year over year we are plus 1.2% ·         June’s median new list price remained flat at $199,...