Updates for Home Buyers

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We are getting close to the weekend and it’s a great time to go view homes! Call me today to complete your free pre-qualification. It’s the first step to homeownership. 480-248-9008 or you can apply through my online application link below.

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

Thursday’s bond market has opened fairly flat despite sizable stock losses during early trading. The major stock indexes are giving back a good part of yesterday’s gains with the Dow down 125 points and the Nasdaq down 22 points. The bond market is currently almost unchanged from yesterday’s close (2.32%), but due to the late rally yesterday we should see this morning’s mortgage rates be approximately .125 – .250 of a discount point lower if comparing to Wednesday’s morning pricing.

We saw another afternoon rally in bonds yesterday. It was not a result of the 10-year Note auction though. That sale did not go well with several benchmarks we use to gauge investor demand showing a lackluster interest. What fueled the bond and stock buying late yesterday was the minutes from last month’s FOMC meeting. The most important bond-friendly points were growing concerns about overseas economic growth and an indication that the Fed may start raising key short-term interest rates later next year rather than earlier. The minutes revealed that many FOMC members want to start raising rates when the economy and inflation are ideal, not to a set calendar date. The reaction was overwhelmingly positive for both stocks and bonds, causing many lenders to improve rates during late afternoon trading yesterday.

Last week’s unemployment figures were posted at 8:30 AM this morning, showing that 287,000 new claims for unemployment benefits were filed. That nearly matched the previous week’s revised total of 288,000 initial claims, hinting at little change in the employment sector last week. Since analysts were expecting to see an increase in claims that would have pointed towards a softening employment market, we should consider the data slightly negative for bonds and mortgage rates.

We also have today’s 30-year Bond auction to watch for. Results of the sale will be posted at 1:00 PM ET. If investor demand was similar to yesterday’s sale, we can expect to see some weakness in bonds later today, possibly leading to an increase in mortgage rates during afternoon trading. On the other hand, a strong auction could help push bond prices a little higher and mortgage rates slightly lower.

There is nothing of importance scheduled for tomorrow other than several Fed member speaking engagements. Their words can influence the markets, especially on a day with nothing else being released. I would not be surprised to also see some profit-taking from investors to capture some gains from this week’s bond rally. And since corporate earnings season has kicked off, we can also expect stocks to influence bond trading, although yesterday’s activity defied traditional trends that show stock gains usually translates into bond weakness. In other words, even though we don’t have factual economic data scheduled tomorrow, we still may see a fairly active day in the markets and mortgage pricing. It is my opinion that it is more likely to be a negative day for rates than a positive one.

If I were considering financing/refinancing a home, I would…. Lock if my closing was taking place within 7 days… Lock if my closing was taking place between 8 and 20 days… Lock if my closing was taking place between 21 and 60 days… Lock if my closing was taking place over 60 days from now… This is only my opinion of what I would do if I were financing a home. It is only an opinion and cannot be guaranteed to be in the best interest of all/any other borrowers.

 

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1630 E 2nd Ave – Realtor Feedback Request

1630 E 2nd Ave Mesa, AZ 85204

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Thank you for recently requesting to or showing the subject property.  We try to keep everyone, especially our clients informed as to what is going on with their property.  If you would take just 2 minutes to fill out the form below with feedback, we would appreciate it.

 

Master Planned Golf Communities Las Sendas vs Red Mountain Village & Red Mtn Ranch

Las Sendas vs Red Mountain Village & Red Mtn Ranch

8/7/2014

Las Sendas

 

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Las Sendas is located in the beautiful city of Mesa Arizona.  Mesa is currently the 2nd most populated city in Maricopa County behind Phoenix.  Mesa in the last few years has be growing and developing into an excellent city. Las Sendas is minutes away from the 202 Free way, 20 min from the salt river, 25 minutes from majestic Saguaro Lake and 15 minutes from Mesa Riverview Shopping and Entertainment.  Mesa Riverview hosts the Bass Pro Shop, Toby Keith’s Bar and a variety of other shopping and entertainment for everyone to enjoy.May2013-41

Las Sendas Currently has 3,808 Single family homes in the subdivision. 2,100 of the homes are single story properties and 1,708 homes are 2 stories or more. As of August 2014 the Average Listing Price on a single family home for sale in Las Sendas is $714,498 and the average size is approximately 3,405 sq feet. The current active listings are sitting on the market for approximately 114 days and listed at $189 a sq foot.Phoenix Area Homes

There have been 151 homes sold over the past 12 months. The average list price of the homes that sold was $493,306. The average sales price was $475,304, meaning homes are selling for 96.3% of what they are listed for. The average size for homes that have sold is 2,735. They are selling for $172 a sq foot and are on the market for approximately 88 days on average.

Las Sendas Golf Club offers membership programs to support the area including annual, seasonal (6 month), associate (under 40 years of age) and corporate memberships. We offer a no questions asked 100% refundable deposit initiation fee. The refundable deposit initiation fee increases $1,000 for every 5 new members that join the Club. Please inquire about the current initiation deposit fee structure.

Member Category Monthly Dues –
Primary Member
Monthly Dues –
Family Member(s)*
Annual $349 $115
Seasonal $466 $174

*Family member(s) include juniors under the age of 22.

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Red Mountain Village & Red Mountain Ranch

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Red Mountain Ranch & Red Mountain Village is located in Mesa Arizona. The community is just a few miles from our other community of discussion Las Sendas.  Red Mountain Village and Red Mountain Ranch is also minutes away from the 202 Free way, 20 min from the salt river, 25 minutes from majestic Saguaro Lake and 15 minutes from Mesa Riverview Shopping and Entertainment.  Mesa Riverview hosts the Bass Pro Shop, Toby Keith’s Bar and a variety of other shopping and entertainment for everyone to enjoy.find-a-home

The Red Mountain Ranch & Red Mountain Village communities. The community is primarily a single story home provider. There are 920 single story homes and only 390 multi level homes. As of August 2014 the Average Listing Price for resale on a  home in Red Mountain Ranch & Red Mountain Village is $448,3530 and the average size is approximately 2,815 sq feet. The current active listings are sitting on the market for approximately 86 days and listed at $151 a sq foot.

There have been 81 homes sold over the past 12 months in the resale market. The average list price of the homes that sold was $324,233. The average sales price was $314,514 meaning homes are selling for 97% of what they are listed for. The average size for homes that have sold is 2,237. They are selling for $143 a sq foot and are on the market for approximately 79 days on average.

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Membership Categories  For Red Mountain Ranch Country Club

RMRCC is proud to offer over seven different categories of memberships, ranging from golf to tennis and social. Click Here to view a PDF document of all of the offered memberships, plus their respective pricing.

If you are interested in either of these communities contact us today to go over your home buying goals.  You will appreciate all our free home buyer services

1630 E 2ND AVE Status Updates

1630 E 2nd Ave Mesa, AZ 85204

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Thank you for recently requesting to or showing the subject property.  We try to keep everyone, especially our clients informed as to what is going on with their property.  If you would take just 2 minutes to fill out the form below with feedback, we would appreciate it.

 

Status Updates

Did Price Drop 8-20-14 to $185,000

 Advised for Price Drop 8-14-14

Feed Back 7-6-14

Neighborhood was too shabby. Buyer declined to view.

Feed Back 7-7-14

My clients felt like there were to many floorings in the house. Probably should have stuck with one or two. Also, the cabinet covers up the air return where you change the filters.

Feed Back 7-7-14

Well, the buyers felt it was a bit high for the neighborhood even though work was done on it.  The kitchen was a little strange for a layout, the place the refrigerator would go would take a chunk out of the corner.  The cabinets didn’t go to ceiling and the baseboards were all mismatched.  The bar stool area had the support legs in front of cabinets so they can’t be opened.  Just a lot of little things that looked pieced together.  The roof looked damaged in some spots.   They were not interested in viewing it again.

8-21-14

Aimee Elchami- West Usa Showed- requested feedback

8-21-14

Claudi Secco – CDS realty showed- requested feedback

8-24-14

Jason Mitchell – Realty Executives showed – Feedback requested

9-2-14

Sherayn Allen – Key Real Estate Services showed – Feedback requested

PROVIDED FEEDBACK 9-3-14

Name: Sherayn AllenFeedback Welcome: This home is lovely with exceptional curb appeal, some areas seem a little tight (getting to the grill from the patio) and the master closet seems hard to access. The kitchen is gorgeous, my client has kept the home on the top of the list and is currently evaluating neighborhoods and comps. When did you Show: Today Did your Client like the home?: yes Is the home price correct?: Yes Brokerage: Key Real Estate Services

 

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Distressed Sales/Bank Foreclosures Hotlist

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Your Customized HOT LIST of Distressed Properties!

Distress sales resulting from bank foreclosures often represent a great way to get a fantastic deal on a home. It’s not easy for the average home buyer to find these deals because you have to keep searching to see when one comes up.

If you’re the type of person who recognizes what a great deal some of these properties could represent, you will be interested to know about a new free service which automatically searches out and downloads a current list of all such properties day in and day out.  When you receive this free, no obligation service, you’re automatically plugged in to the most current list of Foreclosure Properties on the market in the price range and area that interest you.  You can also have access to updates of the list as new properties are added to it.

Here’s how it works.  You will receive a FREE report listing the current Foreclosures properties (including photos) in your desired price range and location.  There is no cost for this information and absolutely no obligation.  This insider information, sent to you in an incredibly simple and efficient format, will give you a huge advantage over the other buyers in the marketplace.

you can request this free “Distress Sales and Bank Foreclosures Hot list” by filling out the information necessary below.

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Provided by Bradley Potter, PLLC Homesmart Realty

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Free Quick Over the Net Home Evaluation

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Free Quick Over-the-Net Home Evaluation

Find out what your home is really worth!

Knowing what your home is worth is important to have if you’re considering selling.

By providing your address and a brief description of your home, the system will conduct a thorough comparative market analysis by searching the database for similar homes listed or sold in your area.  We will have the full report of your property to you within 2 hours or we will buy you a steak dinner at outback steak house.

With this current market data, you will be able to determine what your home might sell for if you decided to put it on the market.

There is no cost or obligation for this valuable service.

For your FREE Home Evaluation, please provide the information necessary.

 

 

New Picture (3)Provided by Bradley Potter, PLLC of Homesmart Realty to receive the steak dinner you must list your home with us.

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Don’t Pay Another Cent in Rent to Your Landlord Before you read this Free Report

Stop RentingGet FREE Instant Access by completing the form on this page below.

If you’re like most renters, you feel trapped within the wall of a house or apartment that doesn’t feel like yours.  How could it when you’re not even permitted to bang in a nail or two without a hassle.  You feel like you’re stuck in the renter’s rut with no way out and never being able to own your own place.

Well don’t feel trapped any more!  A new FREE Special Report entitled “HOW TO STOP PAYING RENT and OWN YOUR OWN HOMEhas already helped dozens of local renters get out from under their landlord’s finger and move into a wonderful home they can truly call their own.  You can make this move too by discovering the important steps detailed in this FREE Special Report.

It doesn’t matter how long you’ve been renting or how insurmountable your financial situation may seem.  With the help of this report, it will become suddenly clear to you how you really can save for the down payment and stop wasting thousands of dollars on rent.

Order this report NOW and stop wasting thousands of dollars on rent.

 

 

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Report provided by Bradley Potter, PLLC of Homesmart Realty

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