Chandler Real Estate - Ocotillo Homes for Sale
As of today, Ocotillo has 19 homes for sale and 5 under contract. The list price ranges from a condo short sale for $142,500 to a custom home for $1,700,000.
Last month, 3 properties sold in Ocotillo:
2172 W Redwood Dr, $230,000
734 W Desert Broom Dr, $412,500
1782 W Lynx Way, $525,000
Posted by: Dora & Vincent Kwok - Chandler AZ Real Estate Agents with Home Smart Real Estate. We specialize in Chandler Real Estate and other Southeast Valley homes (Ocotillo,Gilbert, Mesa, Tempe, Scottsdale, Queen Creek). We can be reached at: Dora@KwokProperties.com or (480) 252-3396
Chandler Real Estate - Ocotillo Homes for Sale
Ocotillo is a master planned community in Chandler, Arizona, a suburb of Phoenix. Chandler is a growing an thriving city. The Ocotillo master planned community has lush green lawns and lakes. The whole community encompasses 1900 acres. It not only has residential areas, but also commerical use areas and also two large employer locations, Intel and Orbitial Sciences. Ocotillo is also home to the Ocotillo Golf Resort, which is professionally managed by Troon Golf. The Golf Resort gives to the residents of Ocotillo privileges not available to the general public. The Ocotillo Golf Resort offers residents a discount play card valid for golf, Bernard's Restaurant and Pro Shop. Ocotillo was designed to the highest quality of lifestyle and is a community where people can enjoy an attractive living and working environment.
Ocotillo is roughly located between Price Road to the west, Alma School Road to the east, Chandler Height to the south and Queen Creek Road to the North. Growth from new development continues. New constructions continues at several locations in Ocotillo, including Windward by Camelot Homes and The Villas at Ocotillo.
Posted by: Dora & Vincent Kwok - Chandler AZ Real Estate Agents with
Home Smart Real Estate. We specialize in Chandler Real Estate and other
Southeast Valley homes (Ocotillo,Gilbert, Mesa, Tempe, Scottsdale, Queen Creek).
We can be reached at: Dora@KwokProperties.com or (480) 252-3396
Chandler Real Estate - The media has been categorizing the Chandler real estate maket as a buyer's market for some time....well markets do change...is Chandler Arizona still a buyer's market?
Well, before we answer that question, we need to understand what exactly is a buyer's market? Webster defines a buyers market as follows: "a market in which goods are plentiful, buyers have a wide range of choice, and prices tend to be low."
In the real estate industry, we define markets by the number of months of supply of homes on the market:
Buyer's Market: 7+ months of supply
Normal Market: 4-6 months of supply
Seller's Market: 1-3 months of supply
How many months of supply do you think the Chandler market has today?
Posted by: Dora & Vincent Kwok - Chandler AZ Real Estate Agents with
Home Smart Real Estate. We specialize in Chandler Real Estate and other
Southeast Valley homes (Ocotillo,Gilbert, Mesa, Tempe, Scottsdale, Queen Creek).
We can be reached at: Dora@KwokProperties.com or (480) 252-3396
Chandler Real Estate - How do I know if my mortgage is backed by Fannie Mae or Freddie Mac? Why do I ask? Because that is a requirement of the Obama Administration's Home Affordable Refinance Program. With the recent change in allowing borrowors that are 125% underwater to participate, we've had several queries on how do I find out.
You can ask your mortgage servicer, the company that you send your monthly mortgage payements to. If you want to go the direct route, you can contact Fannie Mae or Freddie Mac.
Fannie Mae can reached between 8am and 8pm (EST) at 1-800-7FANNIE or at their website www.fanniemae.com/loanlookup.
Freddie Mac can be reached between 8am and 8pm (EST) at 1-800-FREDDIE or at their website http://www.freddiemac.com/mymortgage
Posted by: Dora & Vincent Kwok - Chandler AZ Real Estate Agents with
Home Smart Real Estate. We specialize in Chandler Real Estate and other
Southeast Valley homes (Ocotillo,Gilbert, Mesa, Tempe, Scottsdale, Queen Creek).
We can be reached at: Dora@KwokProperties.com or (480) 252-3396
U.S. HUD Secretary Shaun Donovan today announced an expansion of the Obama Administration's Home Affordable Refinance Program to include participation by borrowers who are current but up to 125 percent underwater on their mortgage. The previous limit was 105%. Borrowers whose mortgages are currently owned or guaranteed by Fannie Mae and Freddie Mac will now be allowed to refinance those loans according to the terms of the Home Affordable Refinance program established earlier this year, on Febraury 18, 2009.
For example if the property is worth $200,000, the borrower must owe $250,000 or less, where previously the borrower must have owed $210,000 or less.
Read more about this HUD press release, HUD No. 09-104.
Posted by: Dora & Vincent Kwok - Chandler AZ Real Estate Agents with
Home Smart Real Estate. We specialize in Chandler Real Estate and other
Southeast Valley homes (Ocotillo,Gilbert, Mesa, Tempe, Scottsdale, Queen Creek).
We can be reached at: Dora@KwokProperties.com or (480) 252-3396
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