Daily Mortgage Updates

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It’s time….let’s work on it together! Find out what sales price you can afford and what payment you are comfortable with for free. I am here to help….call me today 480-248-9008 or apply on my online application link below.

My Online Application Link

https://www.bayequityhomeloans.com/jennifer-moore/applynow

If I were considering financing/refinancing a home, I would….
Lock if my closing were taking place within 7 days…
Lock if my closing were taking place between 8 and 20 days…
Lock if my closing were taking place between 21 and 60 days…
Float if my closing were taking place over 60 days from now…

Tuesday’s bond market has opened well in positive territory following more stock selling yesterday. The major stock indexes are in positive territory during early trading, but have recovered only a small portion of yesterday’s 223 point loss in the Dow and 62 points in the Nasdaq. The Dow is currently up 42 points while the Nasdaq has gained 13 points. The bond market is currently up 18/32 (2.22%), which should improve this morning’s mortgage rates by approximately .250 of a discount point if comparing to Friday’s morning pricing. The bond market was closed yesterday for the Columbus Day holiday, but the stock markets were open for business.

There is no relevant economic data set for release today. This morning’s bond strength is mostly due to yesterday’s stock selling and some economic news from overseas that indicated slower economic growth. There is no doubt that bonds have rallied and mortgage rates have moved noticeably lower over the past week or so. However, I am not comfortable shifting to a less conservative stance towards rates just on this move alone. We are due for some profit-taking and possibly a sizable upward move in my opinion. If I was closing on a loan in the near future, I would seriously consider locking at these low rates before that move comes. There may or may not be a little more improvement, but the risk of a sizable upward spike in rates outweighs the potential gain of continuing to float much longer in my opinion.

We have three reports scheduled for tomorrow, all of which are considered highly relevant to bonds and mortgage pricing. September’s Retail Sales report is the first at 8:30 AM ET tomorrow morning. It measures consumer level sales and is very important to the markets because consumer spending makes up over two-thirds of the U.S. economy. If consumer level spending is strong, overall economic growth is likely to be stronger, making bonds less attractive to investors. If we see weaker than expected readings in this report, the bond market should respond favorably and mortgage rates should drop again tomorrow. Current forecasts are calling for a 0.2% decline in sales. Good news for the bond market and mortgage pricing would be a larger decline.

Also set for release at 8:30 AM ET tomorrow is September’s Producer Price Index (PPI). This index measures inflationary pressures at the manufacturing level of the economy and is also considered to be highly important to the bond market. Analysts are expecting to see a rise of 0.1% in the overall index and an increase of 0.1% in the more important core data reading. A larger than expected increase in the core reading could raise inflation concerns, pushing bond prices lower and mortgage rates higher. Inflation is the number one nemesis of the bond market because it erodes the value of a bond’s future fixed interest payments. When inflation is a threat, even down the road, bonds sell for discounted prices that push their yields higher. And since mortgage rates tend to follow bond yields, this leads to higher rates for mortgage borrowers.

The third and final relevant report of the day is the Federal Reserve’s Beige Book, which is named simply after the color of its cover. This report details economic conditions throughout the U.S. by Federal Reserve region. It is relied upon heavily by the Fed to determine monetary policy during their FOMC meetings. If it shows surprisingly softer economic activity since the last report, the bond market may thrive and mortgage rates could drop shortly after the 2:00 PM ET release. If it reveals signs of inflation growing or rapidly expanding economic activity in many regions, we could see mortgage rates revise higher tomorrow afternoon.

Overall, it appears tomorrow is an easy label for the most important day of the week although today’s unexpected bond rally makes today a worthy opponent also. In addition to the economic data this week, there are many companies posting earning reports, including some big names such as Citigroup, GE and Intel. If the corporate earnings releases are generally weaker than forecasts, stocks may suffer, making bonds more appealing to investors. The end result would likely be an improvement in rates. The flip side though is stronger than expected earnings that drive stocks higher, pushing bond prices lower and mortgage rates upward. Accordingly, please maintain contact with your mortgage professional if still floating an interest rate.

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How To Buy Your First Home & 9 Buyer Traps To Avoid

 

How To Buy Your First Home

&

9 Buyer Traps to Avoid

 Houses For Sale

    When first time home buyers area looking for houses for sale, sometimes it is difficult to know where to start.  Finding houses for sale, is the easy part.  There are a few things that one can do first to help make the home buying process very simple and fun.  Our buyer education program “The RWA Buyer” and free library of resources and tools help make the home buying process simple and rewarding.  As a “RWA Buyer” or Ready Willing & Able home buyer, you will receive a few free gifts from our team.  Home warranties, closing costs and Advanced Online Home Search Tools are just a few of the benefits provided by our team.  We are excited for you as you take the next towards home ownership.

 

Fill Out The Information Below

And Receive Your Free Report Instantly

pick my brainNew Picture (15)May2013-41what agent to pickhomesmart logoNew Picture (5)

What the Housing Market is doing…. Looking at the Numbers

Preparing your home to sellWhat is the housing market doing?

The quick video is great for a fast look at what is going on but lets take a more in depth look at what the Arizona residential real estate market is doing.  (see KEY A) The chart below gives us some very valuable data about the phoenix housing market.  It shows us in detail what the absorption rates for the housing market are by specific price range.  We also can look at the Pending ratios to show us the expected market growth and movement.  In this discussion we will focus on the 3 most popular price ranges.  $200k – $249k / $250k – $300k / and $300k – $400k.  These 3 price ranges are where the most homes are sold and the most homes are listed.  If you are a home buyer it is very likely you will be in this price range.  This information should help educate you on what to expect when making an offer.  Most home buyers like to get deals on their home purchase.  Now you will know what kind of discount to expect.

“Key A”

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Price Range Number 1 ($200k – $249k)

your homes value   There are currently 2,613 homes that are listed for sale between the price range of $200k – $249k.  There are currently 867 homes that have accepted an offer and are now pending.   If we take 867 pending homes and divide it by 2,613 active listings we get a 33.2% Pending ratio.  Meaning of the homes listed right now, only 33.2% of those homes are likely to get an offer.  For every 3 homes that are listed 1 home has a chance of getting an offer on it.

The average list price for this price range of homes for sale is $225,714 and the average sales price is only $220,723.  That means on average, home sellers are  getting 97.8% of their list price.  This translates to seller’s losing $5,000 on the sale price and  very likely they lose another $5,000 with assisting a buyer with closing costs.  Meaning home sellers are losing on average about $10,000 from where they list their home with the suggestions of real estate agent, to when they sell their home to a new buyer.  Part of this may be due to the supply vs demand for the price range of homes (see key #2 below)  There currently is a 3.4 month supply of homes and the average days on market is 64.  Hiring the wrong agent can cost you Thou$and$.

Ill get the job done

Price Range Number 2 ($250k – $300k)

As we climb in price we see a the numbers drop slightly more.  A reason for this is usually as we get in the higher price range home buyers are more educated as they have been through the process, their families are growing and they are more fiscally responsible and more selective in the home they want.  There are currently 2,212expired 2 active single family homes for sale in this price range in Maricopa County and 633  pending single family homes. This gives us a 28.6% pending ratio.  This means out of every 3 to 4 homes listed 1 will get an offer each month. The average list price is $275,381 and the average sales price is $268,970. That is 97.7% sales price : list price.

What I also want you to look at on “Key A” is the number of Expired homes for the last 12 months since today August 20th 2014.  This price range had 1,045 single family homes never got an offer and expired.  This is a top 3 price range for selling a home and 87 homes each month on average expire from active status.  Of the current active homes in this price range 2,212, 4% are going to expire without an offer based on the averages.

Price Range Number 3 ($300k – $400k)

This is the price range that is key for move up home buyer’s.  Home owner’s usually have purchased a home when they were younger and over time have either gotten married, had children or New Picture (6)advanced it career.  They are now ready for a larger home .  If you have another home to sell or rent out and keep as a long term investment, it is important to talk with a professional real estate agent and get the facts and details for what is best for your situation, lifestyle and goals.  As a professional, I have a vast knowledge of both residential resale and rental markets.  I can help guide you down the path you feel is best for you.

It’s time to look at the numbers.  In this price range we have a larger gap of $100,000.  There are currently 3,209 homes listed for sale and 672 pending properties.  That is a 20.9% pending ratio or 1 out of 5 homes listed is likely to get an offer.  There is a 5.4 month supply (see key B) , meaning the supply and demand is more in the favor of the buyer.  That is why we see  a $9,000 difference in average sales price to average list price.  The average list price is $348,025 and the average sales price is $339,004 and homes sit on the market on average 76 days.

(Key B) How to Price Your Home

0-2 Months Inventory-Price with the Market to 10% above Market

3-4 Months Inventory-Price Aggressively with the Market

5-6 Months Inventory-Price with the Market to 5% below Market

7-12 Months Inventory-Price 10% below Market

12+ Months Inventory-Price 10% + Below Market

prepared to work for youFor more information about your home and its value please contact me for a Free Market analysis on your home today.

 

 

Thank you for reading about Low Down Payments For Homes For Sale in Gilbert AZ 85044. 

 Provided courtesy of the Bradley Potter, PLLC Home Selling Team
Homesmart Realty
Hire a positive and proactive Team of Realtors to help you find your next home!
Call or text 480-239-5468 for information on Buyer’s Representation Services
(NO COST TO HOME BUYERS)
Search entire Arizona MLS for FREE at www.MyPhoenixAreaHomes.com/search
Get a FREE report on YOUR HOME’s Value at www.MyPhoenixareahomes.com/sell
Like us on Facebook! Facebook.com/BradleyPotterteam

Investment Properties For Sale in Gilbert AZ 85233

pick my brain    Thank you so much for visiting our website for East Valley Real Estate. In this article we are focusing on the City of Gilbert and Zip Code 85233. Here you will have access to full property details and pictures of actual currently available Investment Properties for sale in Gilbert AZ 85233. Our for sale property information is a direct feed from Arizona Regional MLS and is updated several times daily. This is the same information, as a Professional, Certified National Association of Expert Advisor Member has available. I am giving them to you for free. In fact all my home buyer services are free. So sit back relax and happy house hunting!

These Gilbert AZ 85233 Investment Properties have a super what agent to pickconvenient location in the heart of Gilbert AZ. The freeways are North, South and West of this location in the city of Gilbert.

Is it time to sell? How much is your home worth?  Request a FREE Online custom home evaluation for your Investment Properties in Gilbert AZ 85233.

Market Insider for Gilbert AZ 85233

The data included in this Market Insider Report for Gilbert AZ 85233 is consolidated from multiple sources and includes current listings, recent sales, and more. Whether you’re a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.

Prices vary depending upon floor plan, size, view, age, condition, updating and remodeling.  Investment Property prices range between $200,000 to $850,000.  The average home sells for about $274,370.  The median number of days active properties have been listed is 49.  The percent of unoccupied or Distressed properties is very low in Gilbert (85233) . It is 11.2% and below the national average.

Conveniently Located in Gilbert AZ 852332_best_ways_to_invest_money-page-001-1

Gilbert AZ 85233 is one of the most convenient areas in the entire region.  Within minutes to just about anywhere in Gilbert and close proximity to necessities. This is an active area within walking distance to several parks!  Nearby shopping, restaurants, and convenient access to freeways this a very accommodating area!

You will love living so close to the Gilbert Shopping District, the golf courses, Gilbert entertainment, and nearby South Mountain..

Located within just a few miles of Gilbert

San Tan Mall, Phoenix Sky Harbor Airport, Arizona State University and Gilbert regional Medical center.

The Investment Properties For Sale in Gilbert AZ 85233 are a great place to call home for your future tenants. You will not be disappointed if you end up living here. You can find Investment Properties for sale in Gilbert (if there are any available today) as well as all available Gilbert AZ 85233 Investment Properties for sale on my website.

Free Community and Demographic Reports for Gilbert AZ 85233school reports 2

Gain valuable insight into the Gilbert AZ 85233 community by looking at household incomes, crime risk, education levels attained, and potential for extreme weather. Use the map to locate points of interest like shopping, restaurants, and health care services.

Search for Investment Properties in Gilbert AZ 85233 by local schools including:

Gilbert Elementary School

Islands Elementary School

Mesquite Jr High

Mesquite High School

The quality of a school can greatly influence home values in an area. Access detailed information on Gilbert School District, school ratings, test scores by grade, student-teacher ratio, and much more. You may need to scroll down the page after you put the zip code in.

Thank you for reading about Investment Properties For Sale in Gilbert AZ 85233. 

 Provided courtesy of the Bradley Potter, PLLC Home Selling Team
Homesmart Realty
Hire a positive and proactive Team of Realtors to help you find your next home!
Call or text 480-239-5468 for information on Buyer’s Representation Services
(NO COST TO HOME BUYERS)
Search entire Arizona MLS for FREE at www.MyPhoenixAreaHomes.com/search
Get a FREE report on YOUR HOME’s Value at www.MyPhoenixareahomes.com/sell
Like us on Facebook! Facebook.com/BradleyPotterteam

Why my Great Home didn’t sell and it Expired?

Why Great Home’s Don’t Sell And Exactly What To Do Next to Sell Your Home Fast!

expired 2   I hope you enjoy this article.  It will be unlike any other you’ve read before.  When you are done reading it, you will be crystal clear on how to sell your home quick once and for all and likely sell it for more money than expected.

    We will cover the following topics together:

*The # 1 secret to selling for up to 18% more money

* Why the CMA should not be used to determine the price of your home and exactly how you should set your price to attract the highest offer.

*What it takes to make your house stand out from the competition, drive up demand and attract the highest price.Ill get the job done

* How to get agent “excited” about selling your home.

* The #1 most mismanaged variable in the home sale: Negotiation.

* How to determine if your home will be targeting the largest number of qualified buyers

* What mistakes to avoid when hiring an agent

Quick Introduction

The national association of Expert Advisors conducted a nationwide study over the past two years that revealed a proven, repeatable system to sell your home for up to 18% more money than the methods of traditional real estate agents. What you will learn in this controversial report has been highly guarded by the real estate industry for over 105 years.  You are about to learn what most real estate agents will never tell you about how to sell your home fast and for the most money.

Let’s start with some shocking statistics you may not have know about the real estate industry, and why up to 58.4% of homes that go on the market fail to sell.

* The average real estate agent only sells 6-8 homes a year

* The average real estate agent is only required to take between 90 and 500 hours of training to begin selling real estate.

* The average real estate agent spends less than $150 per month in marketing and promotion of their business

* The typical accepted offer an average agent will negotiate is 11% below your original asking price.

The Laws of Selling a Home

We will now go over each law and provide a brief description.  The full detailed report is available in PDF form.  Just contact us and request the “Why Great Homes Don’t Sell” report or fill out the contact form on this page.

Law 1:  Law of Expertise –  While the technology that is used in the real estate industry today is extremely current and effective in helping buyers and sellers navigate the overall real estate landscape, the same thing can’t be said about the strategies traditionally employed to help you determine the best price at which to sell your home.setting your list price

You see, the same protocol for pricing that’s been used for hundreds of years, a Comparative Market Analysis (CMA). It’s still being used today and it’s literally killing sellers’ ability to maximize the sales price of their home.

In fact, using the CMA is so detrimental to sellers getting top dollar, that the average sale-to-list pirce of a home across the country is only 89%.  A full 11% less than the original asking price and worth about $16,210 to average home seller that past couple years.

As a Certified Home Selling Advisor, under the Law of Expertise,pick my brain I will consider as many as 27 separate outside threats to the likelihood that your home will sell at a specific price.  Included in the list of threats are:

* Economic Indicators – What bearing does the overall local and state economy have on the housing market in your area?

* Trends Analysis – Are the current market trends more or less favorable for the style, location, demand, etc for your home?

* Absorption rates with in local market – Is there regular consumption of homes in your local market, and if so , how many homes a month are being purchased?

* Inventory of Short Sale Properties & Bank Owned – How many homes are distressed sales, like short sales, in your area and what effect are they having on the overall prices of homes in your market?

* Rent vs Buy Trends – Are people more inclined to buy a home or rent property in your market and if so, what is the ratio of rents to purchases in your area?

* Job stability in Market/Unemployment – Is there a stable job market in your area or are major employers coming to or leaving your area at the time you want to sell your home?

LAW # 2: Law of Differentiation – A proper differentiation strategy can get you up to 18% more for your home.what agent to pick

Albert Einstein said, “The definition of insanity is doing the same thing over and over again, expecting different results.”  Nowhere does this definition hold truer than in the real estate industry.

To get you maximum differentiation and up to 18% more for your home, as a Certified Home Selling Expert I use a four pronged approach.

1) Expert Staging Advice – Access to a professional staging expert who will consult with you to determine what, if anything, needs improvement in your home to make it show the best while on the market.  Market research shows professionally staged homes sell in as little as 30 days and for up to 6 -10% more than homes not professionally staged.  This is a critical first step in the differentiation process.

2) Quality of Life Upgrade Analysis – In order to drive the perceived value of your home up as high as possible, as a Certified Home Selling Advisor, I will evaluate any possible upgrades required.  Then I will recommend, if necessary any upgrades and help you arrange the lowest price guaranteed on any work needed to complete the required upgrades.  Please note that upgrades are not required on all homes sales to achieve maximum differentiation.

3) Professional Pre-Inspection – Knowing what pitfalls you’ll Preparing your home to sellencounter with an inspection and getting them resolved prior to listing your home can save you as much as 2 to 4 % in repair costs.  Subsequently, I will help you as a Certified Home Selling Advisor get a home inspection to head off any major issues that might come up.  In addition to cost savings on repairs, a pre- inspection will reveal any  “deal killers” and positoins your home to attract a higher offer.

4) Home Warranty – Offering a home warranty to perspective buyers helps your home sell faster and for up to 2.2% more. Additionally, you get coverage on the major mechanical systems in your home while it’s on the market to protect you from any unexpected issues that might arise during the listing and selling period.  The peace of mind a home warranty offers you and the prospective buyers on your listing is literally priceless.

    Differentiation when listing and selling your home in is not optional when it comes to helping you get top dollar from your home.  As a Certified Home Selling Advisor, I know how to help you achieve maximum differentiation and capitalize on it to get you up to 18% more for your home.

Law # 3 : Law of Exposure – Exposing your home to the largest number of qualified buyers gets you the best possible price for your home.

Most agents only invest 10% of their income on marketing and systems to run their business.  With the average real estate netting about $25,000 a year in 2011, he/she only invests about $150 per month to run his/her business, including marketing for your home which is certainly not sufficient to get your home the exposure it needs to attract the largest number of qualified leads.

To get the details on all 7 laws click here to request your free report on Why Great Homes Don’t Sell.  Or fill out the contact form below.

your homes value

 

By Bradley Potter, PLLC

Homesmart Realty

 

 

 

What is Happening in the Arizona Housing Market August 2014

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The market continues to cruise at a moderate pace with 6,114 total resales in Maricopa County for July. REO closed was 367 which is 6%. Short sales closed were 214 which is 4% and normal sales closed was 5,533 which is 90%. Pending inventory is at 8,448 with REO pending at 450 which is 5% and short sales pending at 1,366 which is 16% and normal pending at 6,631 which is 79%. Active inventory in Maricopa County is down again slightly to 19,457. REO active is 644 and short sale active is also at 693 which is 3% each. Normal active is at 18,124 which is 94%.

school reports 2Home buyers and Home Sellers get started now.  Utilize our Free services and excellent resources for excellent information on the community you want to know about.

For Sale By Owner Proven System to Help you Sell on your own

Would you Like to sell your home for 18% more money?

Thinking_of_selling_on_your_own_pros_and_cons

We have worked with a number of excellent agents through our many years in the real estate industry to come up with a step by step Process for getting homes sold and for the maximum amount possible.  We call these steps the 7 laws that will help you sell your home for 18% more than the average For Sale By Owner.

As you read this, you will discover:

* The #1 secret to selling for up to 18% more money

* Why the CMA should not be used to determine the price of you home and exactly how you should set your price to attract the highest offer.

* What it take to make your house stand out from the competition, drive up demand and attract the highest price

* How to get agents “excited” about selling your home

* The #1 most mismanaged variable in the home sale : Negotiation.

* How to determine if your home will be targeting the largest number of qualified buyers – including buyers working with other agents – to get your home sold faster than ever.

* What mistakes to avoid when hiring an agent and how hiring the wrong one could cost you thousands.

INTRO

As a Certified National Expert Advisor we conducted a nationwide study over the past 2 years that revealed a proven, repeatable system to sell your home for up to 18% more money than the methods of traditional real estate agents.  Let’s start with some shocking statistics.

1. The average real estate agent only sells 6-8 homes a year

2. The average real estate agent is only required to take up to 120 hours of training to begin selling real estate

3. The average real estate agent spends less than $150 per month in marketing and promotion of their business.

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THE FSBO vs The Certified Home Selling Advisor

In 2011, the founder of http://www.forsalebyowner.com, Colby Sambrotto gave up on selling his own home after six months and listed it with a Prominent Broker who sold the home for above the asking price shortly there after.  This raised the all too obvious question: “can you really sell your own home and net more money?”

Market research shows that more than 80% of For Sale By Owners eventually list their home with an agent.  But, with only a 50/50 chance of selling with most agents, are you sure you are making the right choice?  While the average agent is clearly not a good choice for handling your largest asset, the Certified Home Selling Advisor has the tools, skills and knowledge to be of great service.

For years, the process of becoming an average real estate agent has been too easy.  There has never been an organization that truly taught the knowledge and skills needed to manage the more than 115 variable involved in the home selling process. Until now.

Only agents with the Certified Home Selling Advisor designation through the National Association of Expert Advisor’s can give you a proven, repeatable system to sell you home for up to 18% more money than the methods of traditional real estate agents.

While attempting to save the money on commission by selling by owner might be tempting, the following laws might give you a better understanding of how to better your odds if you decide to sell on your own.

THE 7 Laws

You can get the full report by clicking here and requesting

The FSBO Report or fill out the contact form below

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Law 1: The Law of Expertise: ” Giving you a price before analysis is like a doctor giving you a prescription before making a diagnosis”

Law 2: Law of Differentiation: “Differentiation that drives consumer preference can help sell your home for up to 18% more”

Law 3: Law of Exposure: “To attract a buyer that is willing to pay the most money, you must allocate your marketing budget across market research proven areas the expose your homes benefits to the highest number of qualified buyers”

Law 4: Law of Cooperation: “Up to 71% of homes are sold by co-op agents. We target these agents to increase your homes visibility in the marketplace”

Law 5: Law of Buyer Acquisition: “Our Immediate- Response systems track all buyer activity and allow immediate response to buyers interested in you home”

Law 6: Law of Negotiation: “The are of negotiation is a powerful tool that most real estate agents don’t possess.  Most agents need to sell your home worse than you do, making their advice biased and shaving points off your net proceeds check”

Law 7: Law of Executions: “The real estate industry is the only industry that has failed to employ proven systems that provide a repeatable consumer experience- Certified home selling advisors are the only real estate agents trained to execute it.”

FSBO TIP:  Since you are going to be responsible for managing the entire real estate sales process, be sure you have a good mortgage professional, title company and attorney ready to work on your behalf.  Since you won’t have someone representing your best interests, you will want to make sure the contract is written to your benefit.  Keep in mind that in today’s Market, financing is the #2 reason a deal falls apart.  Be sure to get all buyers pre-approved and talk directly to the lender to find out what potential challenges they might have in connection to getting their loan.
 

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