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Proposition 457: The Facts You Need to Know

by Nate Martinez

Proposition 457: The Facts You Need to Know 

As of late, I am sure you have had your fill of information regarding this year’s pending election. But I wanted to take a moment to share the facts you need to know about Proposition 457. This is a very important proposition that will impact the residents of Glendale – please read this email before you make your final decision on November 6th.

Over the past twenty years, the City of Glendale’s population has grown by more than 41 percent. To meet the demands of the increased population, the City of Glendale has built thirty-two parks, a recreation and aquatic center, five new fire stations and one police precinct.

In the past twenty years, with all this change and growth, the City of Glendale has not increased the general sales tax rate across most categories.

Proposition 457 would allow for a temporary tax increase. What does that mean? A temporary tax increase would only be effective for five years, from August 1st 2012 to August 1st 2017.

Here is the biggest question: how much is the tax increase? The previous sales tax rate is 2.2 percent. The temporary sales tax rate would be 2.9 percent. Let me give you an example of how this will impact our every day cost of living:

$50.00 purchase           $1.10 (2.2% sales tax)              $1.45 (2.9% sales tax)
$100.00 purchase         $2.20 (2.2% sales tax)              $2.90 (2.9% sales tax)

So what happens if Proposition 457 is passed? The City of Glendale will be forced to make some difficult decisions in order to meet their budget requirements. The city would need to cut nearly $30 million from the general fund. Some of those proposed changes to the City of Glendale, are as follows:

  • Elimination of 250 city employees, including police, firefighters, CAT team, jail staff and many others
  • Closure of Glendale libraries
  • Elimination of all downtown city festivities
  • Closure of Rose Lane Aquatics Facility
  • No longer broadcast public meetings on City TV/online video

The language on the ballot you will receive on November 6th could be confusing and most of us do not like the idea of a proposed increase in taxes. After reading this information, here are a few additional thoughts to consider before casting your vote.

How does this tax impact the quality of life in the City of Glendale? How does Proposition 457 impact the school and education system? Will people steer away from Glendale because they think it is not as safe of a place to live with fewer policemen on the streets?

I have many clients who are business owners in the City of Glendale. How will this tax affect their businesses? As a business owner myself, there are questions I have regarding the pros and cons of this proposition. But more importantly, as our real estate market is struggling to make a comeback, I have to consider how Proposition 457 will affect future home values in the City of Glendale.

With less money in our school districts, will it tarnish our highly ranked schools? With no funds for libraries and public facilities, like Rose Lane Aquatics Center, how will our residents gain the knowledge, physical well-being and cultural exposure they need in our demanding society? Will the lack of funds that could be generated by the proposed increase in sale tax, cause less homes to sell or cause home values to drop again?

If you think your opinion doesn’t count, you are wrong. The City of Glendale needs you to take action. Whether you are for or against Proposition 457, it is imperative you ask questions and learn the facts. It is my sincere hope, that after reading this information, and having a clear understanding of what is at stake if Proposition 457 should pass, that you will consider a NO vote. If you believe the City of Glendale should keep the temporary tax increase of 2.9 percent, then you will want to vote NO on Tuesday, November 6th 2012.

If you have additional questions, please visit the City of Glendale online to read more about Proposition 457.

RE/MAX Chairman, Dave Liniger's Message to the Presidential Candidates

In this video, RE/MAX Chairman, Dave Liniger has a message for the Presidential candidates - let housing help the economy. Dave speaks openly about the housing recovery and how that impacts the overall economy.

If you or someone you know needs professional real estate representation, please contact me today - Nate

602-942-7000
www.NatesHomes.com

New Stetson Valley Listing

by Nate Martinez

New Stetson Valley Listing

5429 W Red Bird is the one you’ve been looking for! Upgraded 4 bedroom 3,077 sq ft US Home located in the heart of Stetson Valley is move-in ready & loaded with upgrades. Inside you’ll appreciate an open floorplan with formal living areas plus a cozy family room & huge eat-in kitchen. Black-on-Black appliance package with tons of gorgeous granite & cherry raised panel cabinets.

Upstairs master suite has an awesome balcony & separate sitting room! Private 11,300 sq ft lot backs to common areas with killer mountain views…built-in BBQ/firepit & heated pool (includes an automatic pool cover). Extensive brick pavers & lush, mature landscaping. Split 3 car garage plus RV gate. Plenty of room both inside and out! This is a MUST SEE home!

Click here to take a virtual tour of 5429 W Red Bird

 

 

602-942-7000
www.NatesHomes.com

Mortgage Debt Relief Act - Expiring Soon!

by Nate Martinez

Mortgage Debt Relief Act - Expiring Soon!

In 2007, the Mortgage Debt Relief Act was passed in an attempt to help the millions of homeowners who, due to the housing crisis and economic crash, suddenly found themselves in danger of losing their home to foreclosure.

The act has helped many distressed homeowners find solutions to avoid foreclosure and opened up options to them that were previously unavailable.

The Mortgage Debt Relief Act, however, was only intended to be a temporary solution and is now set to expire at the end of 2012. While there is a bill in Congress that could extend the act, it is unclear whether it will pass. In the mean time, homeowners who wait to take advantage could find themselves saddled with thousands of dollars in tax liability.

If anyone you know may need my expertise, please have them visit my website at www.AZShortSaleResource.com for a copy of my recent report entitled "Congress Closing the Door on Debt Relief."

And then contact me for a confidential consultation. I look forward to hearing from you soon - Nate

Investor Financing

by Nate Martinez

Investor Financing 

Last year more than 50% of residential real estate investors financed their investment properties. What does this mean for you? It means you do not have to have cash to take advantage of the opportunities that real estate investing right now has to offer!

There are incredible opportunities available in today's market. Don't get hung up or sidelined by traditional financing. If you are interested in taking advantage of the hot deals in the real estate market, I can help you find wealth-building properties - and help you find investor financing. 

Whether you are buying or selling, knowing the options available to you as a new or experienced real estate investor, can open doors to new opportunities - and extra income that you may not have thought was possible. Let me show you how to unlock a world of real estate wealth!

To receive a FREE copy of this month's report, "Creative Financing" please visit me online at http://invest.cias.com/arizona-investor-resource

Positive Signs for the Housing Market

by Nate Martinez

Positive Signs for the Housing Market

RE/MAX CEO, Margaret Kelly spoke to Fox Business and shared positive signs for the housing market. In this video, learn more about the housing recovery.

If you or someone you know is considering a move, please contact me today. Your home may be worth more than you realize in the changing market conditions! I look foward to hearing from you soon - Nate

602-942-7000
www.NatesHomes.com

Nate Martinez Recognized as Best Latino Real Estate Agent

by Nate Martinez

Nate Martinez Recognized as Best Latino Real Estate Agent

Of the Top 250 Latino Real Estate Agents in America, 33 are RE/MAX Sales Associates.  More RE/MAX agents were recognized among the top performers than agents affiliated with any other brand, according to a report released last week by The National Association of Hispanic Real Estate Professionals (NAHREP).

In the industry’s first ever comprehensive list of top-producing Latino residential real estate agents, RE/MAX placed three of its agents among the top 25 – two from Arizona and one from Illinois.

From the Phoenix area, Nathan Martinez with RE/MAX Professionals took the number five position, while Victor Vidales with RE/MAX New Heights Realty ranked number eleven.  Robert Padron from RE/MAX Cityview in Chicago rounded out the top 25.

“I’m proud to see so many RE/MAX agents recognized in this first national survey,” said Margaret Kelly, RE/MAX CEO. “We’re honored to be represented by this distinguished group of Latino professionals.  RE/MAX has a reputation for being the home of top producers and the RE/MAX agents recognized in this report confirmed it once again.”

The NAHREP Top 250 Latino Real Estate Agents in America list is based on agent sales production data for the entire year 2011.  The final 250 were selected from over 10,000 agents across the United States. 

In 2012, two other respected industry surveys have ranked RE/MAX agents as the industry’s most productive among the national brands.  RE/MAX offices took 44 of the top 50 spots in the 2012 REAL Trends 500 survey when ranked by agent productivity.  RE/MAX agents also had an average of 15.6 transaction sides in the RIS Media Power Broker survey, the highest of any national brand. 

RE/MAX agents are regularly ranked among the country’s top performers because of the education they receive through RE/MAX University.  The award winning, ready-whenever-you-are, on-demand service includes over 1,000 individual titles and can be accessed on the Internet, on television, in classrooms, or on personal mobile devices.

Source: RE/MAX, LLC

Displaying blog entries 1-7 of 7

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Nate Martinez
RE/MAX Professionals
20241 North 67th Avenue, Suite A1
Glendale AZ 85308
623-643-1010
602-430-5226
Fax: 602-532-7352

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