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Arrowhead Ranch Fulton Home

by Nate Martinez

Arrowhead Ranch Fulton Home

Located in the desirable Arrowhead Ranch community, this popular Fulton Home Floorplan is move-in ready! Four bedrooms, two full baths with over 2,400 square feet which has fresh paint and new carpet, wood floors and tile in all the right places. Large kitchen with tons of counter and cabinet space overlooks the cozy family room. Close to Arrowhead Entertainment District, Deer Valley Schools and easy 101 Loop access.

This beautiful home is priced to sell and won't last long. Call me today for a private tour. Click here to view more information.

     

   

602-942-7000
www.NatesHomes.com
Nate@NatesHomes.com

Pending Sale Up in January

by Nate Martinez

Pending Sales Up in January

Check out this great video brought to us by the National Association of REALTORS. All good signs that its a great time to buy!

New ASU Housing Report Shows Signs of Recovery

by Nate Martinez

New ASU Housing Report Shows Signs of Recovery

A new report came out this week by W.P. Carey School of Business at Arizona State University - the Phoenix market is showing signs of recovery.

According to the data, the median sales price of a single family home is up 6.5 percent in January compared with January 2011. That number is $120,500 as compared with $113,166 a year ago.

From an average price standpoint, the increase is 1.7 percent. That number is $163,813 as compared with $161,012 a year ago. The price per square foot has increased 2.9 percent. That number is $82.62 per square foot as compared with $80.27 a year ago.

Click here to read the full article.

source: www.bizjournal.com

Arizona Short Sale Resource

by Nate Martinez

Arizona Short Sale Resource

Over the past few years I have helped many families successfully sell their home - even though they owed more than the home was worth in today's market conditions. Short sales are an excellent alternative to foreclosure for both the homeowner and the mortgage company. If you or someone you know needs to sell a home today and they are not sure what to do, please call me or you can visit me online at www.AZShortSaleResource.com to learn more.

 

Possible Tax Increase

by Nate Martinez

Possible Tax Increase

This time of year we receive a postcard in the mail for our "Property Notice of Valuation" which other than a quick review, there is no other action required. But this year we are going to receive a letter with an affidavit regarding the new valuation format. If you do not take action, you could be at risk for a $600.00 tax increase.

Jobs Bill HB2001 was signed by Gov Brewer on February 17, 2011 and is intended to help businesses. But the bill also included some changes in the home ownership taxes. Under the new clause home owners will lose The State General Fund Credit or rebate unless they sign and return the affidavit beginning this year. The affidavit must be completed and returned to the County Assessor within 60 days or the residential property will be reclassified as a Class 4 rental and your property taxes will go up as much $600.00 for the year.

Class 3 properties include owner occupied Primary residences and vacation/second homes. Rental properties fall into the Class 4 category which does not receive the State Aid Credit from the General Fund. However Under the new “jobs bill” vacation and second homes will be reclassified to Class 4 and will lose the rebate/credit resulting in increased property taxes.

If you have questions regarding your property taxes, I would encourage you to speak to a local tax expert or contact Maricopa County for more information.

Have you seen this new RE/MAX commercial yet?

by Nate Martinez

Have you seen this new RE/MAX commercial yet?

I am really enjoying the newest series of TV commercials RE/MAX has put out. What you seen this one yet? Just another reason why I am a RE/MAX agent and proud to be one! Check it out and let me know what you think - Nate

www.NatesHomes.com
602-942-7000

Alert: New HOA Rules

by Nate Martinez

Alert: New HOA Rules

There have been recent changes to the Homeowner Association (HOA) rules in Arizona, which impact home buyers and sellers. Here is a quick overview of the improvements made to existing HOA rules:

1.)    Fees for disclosure items will be capped at $400.00 (this does not include any “rush fees” or “update fees”). 

2.)    All disclosure related fees will be collected at the successful closing date of the property.

3.)    Standard delivery is 10 calendar days from the initial request.

4.)    Rush order delivery is 72 hours or 3 calendar days. The “rush fee” is now capped at $100.00.

5.)    Updated closing figures will be available at no charge for the first 30 days of a pending contract. The maximum charge for an update is $50.00 and can only be charged after the 31st day.

6.)    HOA management companies may now opt to deliver all disclosure information via an electronic format verses the standard mail as it was before.

Homeowner Associations are a viable piece to our housing industry. I believe the changes made will make a positive impact on those who are planning to buy or sell a home in the near future. If you or someone you know is considering a move, please give me a call. Understanding the HOA policies and rules is an important step when purchasing a home – it is also important to have a real estate professional on your side to help you navigate through the process. www.NatesHomes.com 602-942-7000

New Listing in Arroyo Grande at Anthem

by Nate Martinez

New Listing in Arroyo Grande at Anthem

Located in the subdivision known as Arroyo Grande at Anthem, this Majesty Floorplan build by Pulte is steeped in excellent craftsmanship and graceful décor fitting for the most discerning of buyers. From the moment you enter the charming courtyard, to the moment you step outside to bask in the dancing water splashing off the saltwater pool/spa water features you can’t help but appreciate the delicious cornucopia of amenities this home features. In the kitchen, your taste buds will drool with anticipation as you imagine standing in front of the kitchen island preparing your first meal while surrounded by luscious granite counters, rich cherry cabinets and completely cool stainless appliances. The floorplan is functions but classic with a large family room, den and guest casita complete with warm neutral 18’ tile floors, two-tone paint, custom lighting, surround sound and custom wood shutters. For the ultimate man’s man, this home has what you need on a cul-de-sac lot with an RV gate, gas BBQ and outside fireplace. Sprawling over nearly 3,000 square feet, this is much more than a house, it’s a place you call home.

 

 

Click Here to take a virtual tour. Call me today at 602-942-7000 to schedule an appointment to view this beautiful home.

Arizona is Celebrating 100 Years!

by Nate Martinez

Arizona is Celebrating 100 Years!

This weekend you don’t want to miss out on Arizona ’s “Best Fest” in downtown Phoenix to celebrate 100 years of statehood. To honor the great place many of us call home, the city of Phoenix will host three event filled days at our State Capitol Mall. As a native to Arizona, I am both proud and excited to be a part of such an important milestone in our history. Congratulations and Happy Birthday Arizona!

Saturday and Sunday, February 11-12th 
Saturday events will run from 12:00noon until 10:00pm and Sunday events will run 12:00noon until 6:00pm. Admission is free!

  • Live entertainment includes headliners like Jerry Riopelle, Michelle Branch, Gin Blossoms and George Benson
  • Centennial “Best Fest” Motorcycle Ride
  • Arts & Crafts, Education Pavilions, Family Fun Zone, Beer & Wine Gardens

Arizona’s official birthday is Tuesday, February 14th. The celebration will continue with an Arizona American Indians Sunrise Ceremony, an Reenactment of Governor George W.P Hunt’s Walk to Capitol, plus a Happy Birthday ceremony featuring Governor Brewer.

Tuesday, February 14th starting at 9:00am – 3:00pm at the Senate & House Lawns:

  • 7:00 a.m. – 7:30 a.m. at Phoenix City Hall: Arizona American Indians Sunrise Ceremony (Sunrise Is At 7:12am)
  • 7:45 a.m. – 8:45 a.m. beginning at Phoenix City Hall: Reenactment of Governor George W.P. Hunt’s Walk to Capitol
  • 9:00 a.m. – 3:00 p.m. at the Senate & House Lawns:
  • 9:00am – 9:45am Happy Birthday Ceremony with Governor Brewer
  • 10:00am – 10:30am USPS First Day Issue Ceremony
  • 1:00pm – 2:00pm Polly Rosenbaum Writing Contest Winners & Award
  • 2:00pm – 3:00pm Wayne Newton

All day activities include:
USPS First Day Issue Stamp Sale & Cancellation, Non-stop Arizona Entertainment, Legacy Projects & Official Centennial Event EXPO, Centennial Merchandise, Phoenix Food Trucks, Birthday Cake

To learn more details you can visit www.az100years.org

I went through a foreclosure, when can I buy again?

by Nate Martinez

I went through a foreclosure, when can I buy again?

Many Arizonian’s have been hit with the difficult reality of a foreclosure. For some, it simply was unavoidable, for others maybe it was the best financial decision they could make, given all the other options. Just because you might have hit hard times during the downturn of the market, does not mean you can never own a home again. In fact, you might be surprised to learn how soon you can repurchase, even if you had a bankruptcy with a foreclosure or short sale. Here is quick look at what the guidelines are today:

FHA
Foreclosure: 3 years
Short Sale: 3 years *if you were current on your mortgage payment during the short sale process, you maybe eligible sooner
Chapter 7 Bankruptcy: 2 years from discharge date
Chapter 13 Bankruptcy: with permission from the chapter 13 trustee, borrower maybe eligible for new loan, as long as they have 1 year of positive payment history

VA
Foreclosure: 2 years
Short Sale: no documented information yet, however, can assume the FHA rule applies
Chapter 7 Bankruptcy: 2 years from discharge date
Chapter 13 Bankruptcy: with permission from the chapter 13 trustee, borrower maybe eligible for new loan, as long as they have 1 year of positive payment history

Fannie Mae
Foreclosure: 7 years
Short Sale: 2 years with 20% down payment, 4 years with 10% down payment
Chapter 7 Bankruptcy: 4 years from dismissal/discharge date
Chapter 13 Bankruptcy: 2 years from discharge date or 4 years from dismissal date 

Freddie Mac
Foreclosure: 4-7 years with 10% down payment
Short Sale: 4 years
Chapter 7 Bankruptcy: 4 years from discharge date
Chapter 13 Bankruptcy: 2 years from discharge date

Of course, there are exceptions to every rule and the guidelines are changing constantly. If you or someone you know has gone through a foreclosure, bankruptcy or short sale in the past 2 to 5 years, it is time to consider purchasing again. In some areas of the city, you can purchase a home today for less than it sold for new ten years ago – you can’t rent for less than what you can own a home for today. If are unsure of your edibility, please give me a call. We can connect you with a professional loan officer who can assist you with the qualifying process.  

602-942-7000
www.NatesHomes.com

Displaying blog entries 1-10 of 12

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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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