Homes for sale in Glendale

If your looking to purchase homes in Glendale Arizona. Better yet any home here in the valley of the sun. The Lending Tree has a loan which gives you 2.5% to help with your purchase if you qualify.

This is on an FHA  loan, so that means you’ll just need to come up with 1%. The FHA limit on single family homes in metropolitan  Phoenix area is $271,050. This means that all you’d need is $2710.50 for your down payment. Let me tell you there are a lot of beautiful you can find out here at this price and lower.

With FHA some lenders go as low as 580 credit score. With VA you can buy with zero down . There are some homes for sale in Glendale, but they move fast.You can find foreclosed homes and get some great deals.

If you want a list of these homes just let us know and we’ll gladly supply for you. Most people(not you) believe that the home prices will get lower. This could be true, but being a licensed realtor that is in the field daily I don’t think so.

Looking for houses

There is a shortage of homes listed in the market for sale. This means that it’s a sellers market again. You missed the boat to purchase  homes in Glendale Arizona and some cities in the valley for 20% below the asking price. If you are looking for  houses like this. Where you can offer this far less then the asking price you need to look at half a  million dollar and up homes.

Even tho it’s a sellers market with the interest rates still at all time lows. The 1% down loan the lending is offering buying a home now is still cheaper than paying rent. You can still have the american dream and become a homeowner. If you need a  house for rent in Glendale AZ. The Brooks Team of AZ can help you with this.

But we would really like to help you become a homeowner. We are in the people helping business and will always do whats best for you the renters, buyers and sellers. We will go the extra mile to make which ever transaction smooth and we’ll keep you informed and updated with the process flow.

Glendale Realtors

If you like horse properties or Luxury listings or just a nice home in a nice area. Looking at  homes in Glendale Arizona should be on your list. With the shopping  on Bell Road and at Arrowhead mall you’ll fall in love with the area.

Most homes in Arrowhead will qualify for the 1% down payment program offered by the Lending Tree. Glendale Arizona real estate has a lot of options to choose from. Darlene(my wife) and I know the area well after being residents for 6 years.

We love the area and are sure you would also.  We would love to here from other Glendale Arizona residents and are always available to sell your home when needed. And also if you’re looking to buy homes in Glendale Arizona give us a call we’ll take good care of you.

Stephen W. Brooks

Realtor

eXp Realty

623-202-3833

steve.brooks@phoenixpowersearch.com

PS: If you want to know more about the 1% loan give us a call

I hear this all the time “what should I offer”, I tell my buyers to offer their highest and best offer if they want to buy a house.  Recently I had a client that saw a house and it had all the things in a new home they wanted and need.  I advised my client that the house had an offer and was at the counter stage of the offer.  I explained to my client that if you to buy this house we need to put an offer in tonight before the  owner counter come back.  Well my buyers wanted to go home and think about the offer never called me back that night.  The next day their dream home was in pending status under contract.  My clients lost out on their dream house, I took them out to view other homes but that dream house was always on their minds.  My client now is hoping the dream house  contract will fall out of contract but this house is a regular sale.   Some good advice for all buyers, if you see a house you like put an offer in immediately, dream homes don’t last long on the market.  When buyers go out with their agents have all your necessary documents ready to go such as your earnest money check and proof of funds.  Signing an offer is made so easy now  for buyers, you don’t have print your offer  just sign them online with esign.  Most realtors want to make your transaction as smooth as possible.  So next time you are out with your realtor and see your dream house, put an offer in right away going home to think about your dream house will cause you to lose out.  If a buyer offer their highest and best offer, you most likely with get your dream house.

On average, 21.2% of single family homes have received at least one Notice of Trustee Sale (the bank is letting you know that you have an auction date) since the beginning of 2006.  !!!!!

On average, 12.6% of the single family homes in Maricopa County have been foreclosed (ie the bank took them back) with a recorded Trustee Deed since the beginning of 2006.  That’s just over one in eight homes.  !!!!!  NOTE:  there are some 1,300 or so unrecorded Trustee Deeds as of December 22.

So where in the Valley has this foreclosure percentage been highest?  Here are the top 10 zip codes with the highest foreclosure rates:

1-85043 Phoenix

2-85353 Tolleson

3-85037 Phoenix

4-85335 El Mirage

5-85354 Tonopah

6-85326 Buckeye

7-85323 Avondale

8-85033 Phoenix

9-85379 Surprise

10-85031 Phoenix

All of these are in the West Valley; in fact, it isn’t until #24 that you find a property not in the West Valley (it’s in S. Phx).    There’s also evidence that foreclosure prevention attempts are not successful in these areas (or maybe not attempted?).

We see that the two types of areas least affected by foreclosures are those containing higher end homes and the 55+ communities. In many of the luxury home areas there is evidence reflecting a higher success rate in avoiding foreclosure, most frequently through a short sale (or maybe more aggressively or consistently pursued?).

It almost goes without saying that foreclosures have a direct effect on home pricing. Hence the ZIP Codes with the most foreclosures are usually those where home prices have fallen the most, while those with lesser foreclosures have fallen the least. However, the relationship is not exact.

Sun City West 85375 has the greatest preservation of $/SF across the whole valley. But then it also has had the lowest percentage of foreclosures. Again looking for anomalies we see that Chandler 85286 and 85249, Gilbert 85233 and Mesa 85205 have preserved their pricing better than would be expected based on their foreclosure rates.

We can also see that many parts of the Southeast Valley, particularly Tempe, Ahwatukee and South Chandler have preserved their pricing much better than Maricopa County as a whole. This is also true of most of the Northeast Valley.

It is true that foreclosures cause home prices to fall, but it is a vicious cycle since it is also true that falling home prices cause foreclosures – they cause more homes to go underwater and their owners to feel less motivated to maintain their loan payments.

What does this mean to you? It depends from what angle you’re looking.  If you’re looking to short sell, we should look at the trends in your neighborhood and act accordingly.  If you’re looking to buy, ‘a deal’ isn’t necessarily found in a neighborhood with high foreclosures.  A deal is a good price on a home you love in a neighborhood you’re excited about.

Please contact me to discuss your specific situation and needs.

“Casting about in MLS data for signs of a market bottom and subsequent recovery has proved elusive over 2009 and 2010,” the report concludes. “The one-step-forward-two-steps-back phenomenon has become all too familiar in our fragile recovery.”

• The PPI predicts that the median sales price of a home in November will be about $120,000, relatively unchanged from October. The median is expected to drop in December to $117,000, rise in January back to $120,000 and then drop once again in February fairly dramatically to $105,000.  The median is the number in the middle, so there are as many houses priced below the median as above the median.
• Average sales prices are projected to rise slightly in December but to fall in both January and February. The estimate is for the average price to be about $161,200 in November and drop to $145,800 in February.
• New inventory declined in October, but total inventory increased.
• October listings represent nearly seven months of supply making this a buyer’s market. A seller’s market is a four to five month supply.
• Pending foreclosures have been trending downward slightly for the past 12 months.
• Distressed sales, short sales and lender owned sales peaked in September representing 74 percent of total transactions. In October distressed sales represented 65 percent of the total.

For guidance on your specific needs, please contact me at 602-741-1325.  Happy holidays!

The explanation for this reduction in credit score is that the request for the loan modification paperwork is the first indicator that they’re at risk which means a credit score ding.    Consumer Data Industry Association, a trade group in Washington which represents the credit bureaus, says that people would not be asking for help unless they were having sever money troubles.  “The consumer is going into the program because they’re in a financial bind; other lenders would need to be aware of that”. (Norm Magnuson, spokesman; Yahoo Finance 2010).

So, as you’re making decisions about what to do with a mortgage that you’re not happy with, make sure you speak to someone who has experience with not only loan modifications but also short sales to get all questions about credit scores and your options answered.  Go to www.BethAHickey.com for more information on distressed property transactions.

Sales volume was down 6% from August while average pricing is also down 2.5% (price per square foot down 3%).  If you look at sales from Septeber ’09, sales were down 13% and pendings down 22% from last year.  Although this sounds bad, month to month pendings have been increasing about 4% so it seems buyer activity is keeping somewhat dependable and this will positively keep inventory moving if it can be sustained.  The supply on the market increased 2.7% from August, primarily by properties <$200k.  With this price range being attractive for investors, both for flipping and buy&hold, we could see an increase in buying activity by this sector of our market and since inventory is increasing, prices should remain favorable for quite some time.  Foreclosure notices are holding steady, which would which lends to increasing inventory (and hence maintaining favorable buying prices).

For my full Market Trends Report, please go to www.BethAHickey.com for a request.  I will not contact you outside of this report unless requested.

Did you know that a short sale could take up to 8 months to close?

Did you know that a foreclosures and short sales are sold “as is”?

Did you know that in a foreclosure all appliances are missing in most homes?

Did you know that a “CASH” deal means you have cash in the bank and not waiting on a line of credit on a property you are going to sell?

Did you know that you must have an LSR (loan status report) to submit an offer in Arizona?

Did you know that after you submit your offer to the seller on a short sale, it is then sent to the bank for approval?  The bank could accept your offer or deny it at that time.

For a list of other “DID YOU KNOW ITEMS” email me @rachel@phoenixpowersearch.com

You get a large pool-sized lot, a covered patio, a door into the garage from the side, front and rear hose bibs. All the options you might want are already included. I only mentioned some of them.

Oh, did I mention that they come with a Side by Side Refer, Washer/Dryer and a 40″ LCD TV?

So, $5,000.00 in incentives, An $8,000.  tax credit, Side by Side Refer, Washer/Dryer and a new Big Screen TV. Low move-in (less the rent) and low monthly payment, again less the rent. What are you waiting for? Homes ready to move into now.

Michael Manning

EXP Realty, LLC

602-738-8236