The real estate market in the Phoenix, Arizona and Mesa, Arizona valley is going through more twists and turns as more short sales and foreclosed homes come onto the market.
Unfortunately, many buyers are competing against cash buyers – and losing. The old saying, “cash is king” is true in this competitive real estate market.
Recently one of my buyers made an offer on a foreclosed property. Over asking price, very clean, and a desirable offer to any potential seller. However, the buyer lost out to a cash buyer even though the cash buyer offered less. Even the REO agent wanted my buyer to get the home, but has no say!
Why? You might ask? Would the bank accept a 
lower offer? In our market, appraisals are all over the place. As of May 1, in order to “fix” or “remedy” the problem, a new federal Home Valuation Code of Conduct was placed into effect. No longer are the lenders allowed to speak with the appraisers – nor are they allowed to “choose” or "select" the appraisers they know to be reputable, savvy, and aware of the market in which the property is located. Bottom line? It’s a mess!
The left hand doesn’t know what the right is doing, homes are not appraising, and there are multiple bids on the most desirable homes.
In spite of these issues we face, Realtors will continue to push through the paperwork, the difficult appraisals, and we will write two, three, four and more offers in order to get our buyers a home. Ridiculous? Yes!! BUT, this, too, shall pass! Maybe, just maybe, we'll get a seller, a seller's agent, a good appraisal, and close on a home like we did in years' past. Could happen!
For more insight and understanding about what’s going on with the new appraisal process, click on the links here and here.
Mesa, Arizona Real Estate. Call me at: 480.216-3334 for information on purchasing or selling a home in Mesa, Arizona or surrounding towns. OR email me: Teri@TeriEllis.com. Feel free to visit one of my websites: HomesAzRE.com, ServingMesaArizona, MoveToMesaAz.com or MoveToSunnyAz.com. Or stop by my blogs at: MesaAzRealEstateVoice; or Phoenix Valley Real Estate Blog
I always appreciate knowing this information, so let’s clean out our garages, our storage sheds and take the “stuff” to the appropriate places for disposal.
Common hazardous waste and other items can be disposed:
from 8 a.m. to 2 p.m., May 14, 15 and 16 at Desert West Park, 6602 West Encanto Boulevard, and 
from 7 a.m. to noon on June 18, 19, 20 at Los Olivos Park, 2802 East Devonshire Avenue.
Accepted items include: batteries, oil, up to five gallons of paint, antifreeze, pesticides, pool chemicals, computers, five road tires per household and household appliances that use refrigerants, including refrigerators, freezers, air conditioners and heat pumps. Commercial loads will not be accepted.
The city will also pick up household appliances 
at your home for a fee. Call for a collection appointment.
For information, send an email to:
visit phoenix.gov/publicworks, or
call 602.262-7251.
Mesa, Arizona Real Estate. Call me at: 480.216-3334 for information on purchasing or selling a home in Mesa, Arizona or surrounding towns. OR email me: Teri@TeriEllis.com. Feel free to visit one of my websites: HomesAzRE.com, ServingMesaArizona, MoveToMesaAz.com or MoveToSunnyAz.com. Or stop by my blogs at: MesaAzRealEstateVoice; or Phoenix Valley Real Estate Blog
Budget cuts due to the slowdown in the national and local economies have created the necessity of reducing library hours at 15 Phoenix, Arizona public library locations as follows:
11 a.m. to 7 p.m. Mondays, Wednesdays and Fridays, and 9 a.m. to 5 
p.m. Tuesdays, Thursdays and Saturdays.
Eight libraries – Burton Barr Central, Cesar Chavez, Cholla, Ironwood, Juniper, Mesquite, Palo Verde and Saguaro – are open from 1-5 p.m. on Sundays.
For more information, call 602.262-4636 or visit Phoenix Public Library
Mesa, Arizona Real Estate. Call me at: 480.216-3334 for information on purchasing or selling a home in Mesa, Arizona or surrounding towns. OR email me: Teri@TeriEllis.com. Feel free to visit one of my websites: HomesAzRE.com, ServingMesaArizona, MoveToMesaAz.com or MoveToSunnyAz.com. Or stop by my blogs at: MesaAzRealEstateVoice; or Phoenix Valley Real Estate Blog
It's happening here in Phoenix and Mesa Valley of the sun. Our numbers are going down, and our solds are going up. We are down to 7,995 listings under $100,000. The investors and new home buyers have flooded our market keeping all of us hopping.
It is common to see 18+ bids on the homes under $100,000, and even above that number - Buyers are definitely back.
The new numbers are here...we are down to just above 40,000 since January. Will we be down to 40,000 by the first? We'll have to watch and see.
As you may recall, in January, we were up to almost 60,000 active listings. Things are changing. Inventory stats of all listings in our entire home market are as follows:
March 19
Active: 48,837
Pending: 10,869
April 3
Active: 45,694
Pending: 11,896
April 10
Active: 44,348
Pending: 12,963
April 17
Active: 42,907
Pending: 13,403
April 29
Active: 40,437
Pending: 14,226
Listed below are the comparisons for the cities and for the zip codes indicated. Note that I am only including Single Family Residences and not townhomes, apartment homes, etc.
| CITY | ACTIVE | PENDING |
|
As of: April 3, 2009 |
| City of Phoenix | 10,082 |
3,173 |
| City of Mesa | 3,679 | 1,005 |
| City of Gilbert | 1,872 | 590 |
| City of Gold Canyon | 334 | 46 |
| City of Apache Junction | 488 | 129 |
| City of Queen Creek | ||
| Zip Code - 85242 | 651 | 268 |
| Zip Code - 85243 | 407 | 255 |
| CITY | ACTIVE | PENDING |
|
As of: April 10, 2009 |
| City of Phoenix | 10,397 |
3,481 |
| City of Mesa | 3,627 | 1,051 |
| City of Gilbert | 1,872 | 624 |
| City of Gold Canyon | 335 | 46 |
| City of Apache Junction | 483 | 127 |
| City of Queen Creek | ||
| Zip Code - 85242 | 633 | 313 |
| Zip Code - 85243 | 402 | 259 |
| CITY | ACTIVE | PENDING |
|
As of: April 17, 2009 |
| City of Phoenix |
7,513 |
3,145 |
| City of Mesa | 2,554 | 949 |
| City of Gilbert | 1,665 | 635 |
| City of Gold Canyon | 287 | 39 |
| City of Apache Junction | 348 | 122 |
| City of Queen Creek | ||
| Zip Code - 85242 | 541 | 327 |
| Zip Code - 85243 | 369 | 256 |
| CITY | ACTIVE | PENDING |
|
As of: April 29, 2009 |
| City of Phoenix |
6,889 |
3,791 |
| City of Mesa | 2,344 | 949 |
| City of Gilbert | 1,665 | 1,004 |
| City of Gold Canyon | 289 | 36 |
| City of Apache Junction | 335 | 118 |
| City of Queen Creek | ||
| Zip Code - 85242 | 518 | 315 |
| Zip Code - 85243 | 322 | 264 |
Mesa, Arizona Real Estate. Call me at: 480.216-3334 for information on purchasing or selling a home in Mesa, Arizona or surrounding towns. OR email me: Teri@TeriEllis.com. Feel free to visit one of my websites: HomesAzRE.com, ServingMesaArizona, MoveToMesaAz.com or MoveToSunnyAz.com. Or stop by my blogs at: MesaAzRealEstateVoice; or Phoenix Valley Real Estate Blog
Those of us living in the Valley of the Sun know just how much we rely on our air conditioners to keep us cool in the summer.
SRP is offering rebates ranging from $200 to $400 for customers who replace existing heat pumps or air conditioners with “qualifying” high-efficiency central cooling systems. The rebate starts May 1, 2009.
In addition, qualifying new systems placed in service from January 1, 2009 through December 31, 2010, may be eligible for a federal energy efficiency tax 
credit of up to $1,500.
Rebate applications are due by October 31, 2009. As always, for more details regarding SRP’s rebate or the federal tax credit, log on to www.srpnet.com/coolcash, or call: 602.236-9644.
Mesa, Arizona Real Estate. Call me at: 480.216-3334 for information on purchasing or selling a home in Mesa, Arizona or surrounding towns. OR email me: Teri@TeriEllis.com. Feel free to visit one of my websites: HomesAzRE.com, ServingMesaArizona, MoveToMesaAz.com or MoveToSunnyAz.com. Or stop by my blogs at: MesaAzRealEstateVoice; or Phoenix Valley Real Estate Blog
 |
|
|
In this or in any market, sellers and buyers are in need of a Realtor who is there to assist them through the process. I am here to help in any way that I can. Call me with questions at 480.216-3334
If you are a buyer or a seller looking for a home in our beautiful Phoenix Valley in Sunny Arizona, I can help. My specific areas include: Mesa, Gilbert, Chandler, Gold Canyon and Queen Creek. Since I am familiar with the builders, whether it's a new home or a resale home, I am familiar with most. What are you looking for? New? resale? More rural? Urban? All three of my websites offer different experiences. www.MoveToSunnyAz.com is my "showiest" website with lots of red. I have links to new home construction, multiple listing service and floorplans and more. And then there's www.MoveToMesaAz.com featuring Mesa homes and more. www.HomesArizonaRealEstate.com (or) www.TeriEllis.com, is my main website, which is literally filled with information about communities, areas, etc. It also contains links to new homes and the multiple listing service (MLS).
If education and experience and personality are important, then be sure to consider me for your Realtor. I continue to add to my educational armour on a frequent basis including achieving my Broker's license in 2007. I am the proud holder of the CRS (Certified Residential Specialist) which is a designation held by fewer than 5% of the Realtors across the country. Additionally, due to my continuing education, I was the first one in the Southeast Valley to achieve the MRE or Masters of Real Estate certification offered by the state of Arizona. That certification is only awarded to those Realtors who hold two designations plus 52+ hours of continuing education every two years. I have maintained that achievement for the past three two-year periods. The additional designations that I have earned are the GRI - Graduate of Real Estate Institute and the ABR - Accredited Buyer Representative. I have added the Commercial collection of classes to my list, and plan to take the Land Sales collection this year.
I work well with people, have a good sense of humor, and have developed the "art of Listening." I often find homes that my buyers want within five homes. As for my sellers, they love what I do for them. No matter the price, they each are treated with a virtual tour, a Home Book for their countertop, colored sign rider with photos of their home, colored flyers to place in their homes, weekly CMA's for their community, and they can reach me by phone 95% of the time for answers to questions or concerns they may have. In additon, listings are placed on Craig's List, on Realtor.com, Homes.com and a plethora of other sites like this one.
I was raised in the Phoenix Valley, and I am acutely aware of the neighborhoods, and of Phoenix in general including Mesa, Gilbert, Chandler, Queen Creek, Gold Canyon, Phoenix Valley and Scottsdale. Those towns just ran together in the old days, and now they are separate communities. I love working with first time home buyers because they get so excited, and it's fun to make their dreams come true. Kinda reminds me of my first home purchase. It was like a dream. Almost as much fun and enthusastic are the move-up and second home buyers. They are a little more savvy about what they are looking for and many of them are relocating from other states so I walk them through what Arizona is all about. I am a Realtor who actually "listens" to what my clients want and then I can take them to places that work best for them.
Listing homes, whether they be a high end luxury home or an entry level home, is one of my specialties. Each of the sellers are treated equally with a virtual tour, a Home Book, colored flyers, colored sign riders, and quick responses to emails and/or phone calls. I love to track information, and my sellers are treated to an "update" on a regular basis of visitors to their virtual tour online, or to the listing on any of my websites. Additionally, their home is marketed wherever I can market them. In the malls, in the RE Book, on Craig's List, Zillow, Homes.com and Realtor.com. I have a great knowledge of the ins and the outs of real estate and buying and selling homes. I enjoy working - equally - with buyers or sellers and typically enjoy an ongoing relationship with them all.
'Life is good for the ** right now. Thanks for all you have done. We are really working on our other sister to move to the Phoenix area also and have suggested she call YOU when she decides.'
'Our home finally closed and we moved in this past weekend. We would like to thank you first for your help we love our home!!' 
'We love our house - you did a super job in finding it for us. You're the expert . . ' 
'We were very happy with the services of Teri. Finding a home was actually a pleasurable experience.' 
'Teri helped us immensely! She worked with us by email in Nebraska, worked her scheduled around ours and found us the home we love.' 
'Teri we just want to thank you for all of your help in finding our first home. You were wonderful. Without you this would not have happened. Thanks soooo much.' 
'Teri is awesome!!!' 
'I would highly recommend Teri Ellis.' 
'Teri was very helpful and very nice. More like a friend than a Realtor. Her help was greatly appreciated.' 
'Teri did an outstanding job. She was just wonderful.' 
'Teri Ellis was the best agent I've every used. Period.' 
'Teri was very professional with us, and always kept us informed and advised regardless of my 'demanding nature.' Thanks Teri!!' 
'Thank you for helping us get this home and for all of your help. We will remember you!!' 
'Teri, thank you for all the work you did on our behalf. You ran us ragged, and because of you we found just what we were looking for. You're great!' 
'Had it not been for Teri's expertise and amazing tenacity and untiring efforts on our behalf, the sale of our home and the purchase of anew home would have been unsuccessful. She successfully `made it happen' in a timely and professional way. We would highly recommend her as a Realtor to anyone that would be looking to purchase or sell a home.' 
'Our real estate agent, Teri Ellis, did a wonderful job of helping us find the right home with the features we wanted. Teri was always prompt, courteous and professional. We give Teri Ellis our highest recommendation.' 
'I would recommend Teri and already have.' 
Thanks Teri! You are the best! I am so glad I found you as my realtor for life for Arizona :) Thank you so much! I really appreciate it. I love the house :)
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
