I recently read an article in our Arizona Repulic and thought I would pass the link along. I think it is a great article regarding what has gotten us into the "Credit Crisis." Our Arizona Treasurer believes that this problem has to be fixed, and fast!!! He talks about treating the "disease." He suggests that by rewarding the people that are paying their mortgages the fear that is gripping the nation regarding the "housing bubble" will subside. Panic is gripping the financial markets so the sooner we act the better. To see the full article just click the link below.
The following article is from the Arizona Republic. It was written by our Arizona State Treasurer, Dean Martin. You can see it online by clicking here.
Dont' forget the Desert Vista High School Hockey Club 4th Annual Charity Golf Classic. It starts at 12:30 on Sun. Nov. 2nd. It will be a shotgun/scramble start at the Foothills Golf Club, 2201 E. Clubhouse Drive in Ahwatukee. Registration and sign in begins at 11AM. To sponsor, donate, or sign up, contact Tina at (480) 633-5733 or email tpyke1@aol.com.
So this is an article I have summarized from the New York Times...The data below refers to July numbers, so it should be interesting to see how the proposed Bailout will affect these numbers.
More Americans are wading into the housing market last, lured by falling prices that helped send sales to their highest level since February. According to the National Association of Realtors, around a third of properties bought in July involved foreclosed homes which are being bought at Bargain-Basement prices. These distressed sales have helped lead to declining home values across the country, creating a problem for many Americans to sell their homes for more than they paid or even break even.
Prices of previously owned homes were 7.1% lower in July, versus last July. Additionaly, the number of homes for sale jumped 3.9% adding to the supply problem. Sales of previously owned homes, which make up most of the nation's housing supply, rose 3.1 percent in July, the biggest monthly increase since February 2007. At the current sales rate, it would take 11.2 months to work off the entire supply of previously owned homes on the market. These figures suggested to some economists that the bulk of the decline in home sales had already occurred.
One of the most concerning factors, relative to last year, is the large number of transactions involving foreclosure. Some of the prices, that banks are accepting is breathtaking. For many owners, desperation appears to be driving sales; they simply have no other alternative.
A year ago, sales of distressed properties made up less than 10 percent of total sales, said one economist. Until this year, distressed sales accounted for so few transactions, economists didn't even look at them as a separate category. In July they hit the highest number on record.
Most people have been affected by cancer in some way, whether it be a Mother, Aunt, Uncle, Brother or etc. UCR Health Centers will be sponsoring the 3rd Annual Breast Cancer Event in Chandler on October 18, from 10AM-2PM at the Las Tiendas Shopping Center at Alma School & Queen Creek Road.
Here is a list of some of the things they will be doing:
And Much Much More!!! So come out and support a great cause!!
So what is a USDA Loan? It is 102% financing for rural America. Guaranteed. I think this becomes pretty important since the recent pulling of seller assistance programs and is definitely a good resource to let your clients know about ( if they qualify.)
If your customers are purchasing a home in a USDA Rural Development (formerly The Farmers Home Administration) defined rural area, they may be eligible for financing with the Chase Guaranteed Rural Housing program which features 102% financing.
In Arizona, these would be areas such as Queen Creek, parts of the West Valley, Apache Junction and etc.
How it works:
• Finance full purchase price plus closing costs up to 102% appraised value.
• 6% seller concessions permitted for closing cost assistance.
• 100% gifting permitted for all closing costs.
• No post-closing reserve requirements.
• NOT limited to first-time home buyers.
• No monthly mortgage insurance - one time guarantee fee at closing
which keeps monthly payments lower than FHA.
• Finance required property improvements into total loan up to 102%
of "as improved" value. Repairs may be completed after loan closing.
If you'd like more information please feel free to call me at 602.714.1012. We also work with a great lender who is very experienced at USDA loans and we'd be happy to pass along his information. http://gmcloans.net/index.html
Please remember to click the yellow button below to search the entire MLS.
Full Service Real Estate Team. We outsell the average realtor in Ahwatukee, Chandler, Tempe, & Gilbert. Ask us about our 45 Day Guaranteed Sale Program.
The Justin Rollins Group of West USA Realty
My experienced team of professionals and I work out of the Ahwatukee branch of West USA Realty. We are a team of committed and skilled Real Estate Consultants at the Justin Rollins Group. During all of our amazing years in business, we have diligently focused on serving the Dynamic Phoenix Valley.
It is our desire to provide our clients with the highest quality service in the industry. The Justin Rollins Group will act as your consultant, your negotiator, and an overseer of the transaction details. If you have any questions or would just like someone to talk to about the Real Estate process we would be more than happy to assist you in any way we can.
Please visit us @ http://www.justinrollins.com for more information on how you can get the Most Money in the Shortest Time with the Least Amount of Bother when Selling your home.
We have many unique ways of helping our clients sell their home and would love to walk you through the many advantages of using our services to help you sell your home. We use the 45 Day Guaranteed Sale Program. The program works like this: We guarantee to sell your home in 45 days or WE WILL PAY YOUR MORTGAGE!!
So why choose us when you decide to look for a home?
As you try to decide which real estate agent would be best for you, there are some important questions you need to ask. The most important and the true bottom line is will this person go the extra mile to find you the home that you desire. Will they make you a priority and make the process as effortless as possible for you.
Find an agent who listens to what you want. One who is only going to show you homes that are truly in the category you desire and will not waste a lot of time showing you homes of no interest. You need to ask yourself, how will this agent look out for your needs and do they have the systems in place to follow through with their promises.
Why choose us as your agents? We are real estate specialists in the business of helping people like you. We have the most up to date systems to scan the market for homes with your desired features.
It is our goal to earn your trust and confidence. Our business has been built primarily on the referrals of satisfied customers and we would like to add you to that list.
Our sole objective is to make your home buying experience the absolute best it can be. We accomplish this by:
Helping you Find the BEST HOME
Helping you negotiate the BEST PRICE
Helping you secure the BEST FINANCING & BEST MONTHLY PAYMENT
Helping to PROTECT YOU throughout the process
Helping to make the entire experience as BOTHER FREE as possible
And best of all, our program is 100% FREE! (Our fees are paid for by the seller)
When you are ready to look for a home, please contact us for a free no obligation consultation. We look forward to having the opportunity to work with you.
We have been working with homebuyers in our area for quite some time, and we are very pleased with the results we have been able to achieve.
Do not listen to us. Instead, listen to our past clients and how we have helped them in purchasing their homes. You will see that a satisfied client base is one of our best assets.
Justin,
You are the greatest agent! You
always made yourself available and ready
to give us your undivided attention.
I cant believe you have helped our family find two homes
within two months. We think of you as more
than just our agent now, your our friend.
Thank you,
Steve & Trudie Marriott
To all,
Just a short note to tell you all
how much Laurie and I enjoyed working
with you...You gave us great
advice, kept us informed and gave
us encouragement every step of the way.
Ray Bilby
Justin and Nic,
Dawn and I appreciate you and
your team handling the sale of
our home in Maricopa while we were out of
town. We were extremely impressed with your
professionalism and communication
during the handling of our transaction.
From our initial call through close
of escrow everyone was superb!
We will highly recommend you and
your team to all of our friends.
Casey and Dawn Roads
Justin and Gang,
My wife Saundra and I would like to thank
for all your help on the purchase of the two
investment properties we just purchased. Your efforts
were very helpful, and facilitated
a pleasurable experience. We appreciate
all of your efforts and patience.
Thanks,
Nate & Saundra Cobb
Dear Team,
I just wanted to let you know how
much I appreciate all of your efforts to
sell my houses. Your business approach
was extremely refreshing compared with
the other 99% of Realtors out there. You
and your staff always go above and
beyond the call of duty and now I can't
imagine doing real estate business with
anyone else.
Thanks for everything,
Casey McDonald
Dear All,
The enthusiastic Justin Rollins Team has been a pure pleasure to
work with. Justin set goals to sell my house and as the market changed, he amended those goals. This helped me know that Justin understands
the Real Estate market at this time. Justin had the resources to groom my home to look like a Model. He kept me informed every step of the way and went beyond the call of duty in helping keep the home looking nice. Justin encouraged me to hang in there that the house would sell.
And it did.
Thank you Justin for everything you did for me.
I highly recommend the Justin W. Rollins Team to anyone buying or selling
a home.
Cynthia Hunsaker
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