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You Can’t Go Wrong with The Nate Martinez Team

by Nate Martinez

You Can’t Go Wrong with The Nate Martinez Team

The Nate Martinez Team is passionate about the real estate market. We go above and beyond to provide you with the best real estate services in the Valley whether you are selling your Phoenix home or buying a luxury home in the Blackstone Country Club community. We take great pride in creating a rewarding experience for our clients and have been collectively doing so for over thirty years. Here’s what one of our valued clients had to share about their recent experience with our team on Zillow:

“Nate Martinez and his team were very helpful and responsive throughout our selling process.  They connected me with some very helpful vendors to prepare our home for the market.  They are very familiar with our neighborhood and I believe you can't go wrong with this team.  I highly recommend them whether buying or selling your home!” - Mtjgaz

The Nate Martinez Team is committed to giving back to the industry. We have a passion for helping Arizona homeowners, and those aspiring to be, hasn't wavered in the past two and a half decades; neither has our insatiable drive for success. The highest compliment we can receive is the referral of a family member, friend or associate. If you know someone who is looking to buy a Phoenix home in 2019 or needs a local expert to sell their Phoenix home, please contact The Nate Martinez Team today. We look forward to continuing to serve Phoenicians with all their real estate needs for many more years to come! - Nate

With Appreciation,

Nate Martinez, RE/MAX Professionals
www.NatesHomes.com
www.NatesLuxuryHomes.com
602-430-5226
Nate@NatesHomes.com

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Nate's Team Newsletter March 2014

by Nate Martinez

Nate's Team Newsletter March 2014

www.NatesHomes.com
602-942-7000

http://www.nateshomes.com/agent_files/Nate Martinez Team Newsletter March 2014.pdf

Pay it forward

by Nate Martinez

In the years since our nation was born, veterans have given selfless service to their country in times of war and peace. At every critical stage in America's history, these men and women stepped up when they were needed, and their efforts to preserve the freedom we now enjoy made an impact at home and abroad. Celebrate this wonderful day by offering thanks to a veteran and by spending quality time with loved ones. Find time each and every day to practice selfless acts of kindness toward others. Our freedom was built upon the shoulders of heroes. Honor them by appreciating life and practicing benevolence. Enjoy a smile this Veterans Day.

 

Arrowhead Ranch HUD Home

by Nate Martinez

Arrowhead Ranch HUD Home
Located in the heart of Arrowhead Ranchin Glendale, Arizona this beautiful, 3 bedroom, 2 bath HUD Home could be yours for the bargain value price of $141,000.

Arrowhead Ranchis one of Glendale's best master-planned communities. Boasting top-rated schools, walking and biking paths, the newly renovated Arrowhead Country Club and championship Golf Course designed by Arnold Palmer all make Arrowhead Ranch a great choice for any lifestyle. Conveniently located near shopping, dining and the 101 Loop.

This could be your view!
  

To learn more about this Arrowhead Ranch HUD Home for sale, please call me at 602-942-7000 or you can send an email to Nate@NatesHomes.com. To learn more about HUD Homes for sale, please visit HUD Homes on my website. To receive a FREE list of HUD Homes for sale, please send me an email at Nate@NatesHomes.com.

Understanding Obama's Mortgage Refi Plan

by Nate Martinez

Understanding Obama's Mortgage Refi Plan

On Monday, October 24th, President Obama announced plans to improve eligibility rules for homeowners who need to refinance their home loans to lower monthly payments. With interest rates at historical lows, it makes sense for homeowners to take advantage of the decreased interest rates. Obama hopes by changing the requirements for the Home Affordable Program that approximately 1 million homeowners will be able to qualify.

Understanding Obama’s mortgage refi plan:

In 2009 the HARP Program was put in place to allow homeowners to refinance their mortgage at a lower rate without having to meet the traditional 20% equity requirement. Under the current HARP guidelines, many borrowers have been unable to qualify for the program because in most cases, they are underwater by 25% or more in some areas. In addition to the negative equity, homeowners have also been unable to afford the costs associated with refinancing.

Changes to the HARP rules:

1.)    Fees to participate in the program will be waived.

2.)    Eligibility will not be contingent upon how far the home values have fallen.

Who can qualify for HARP?

1.)    Homeowners with a loan backed by Fannie Mae or Freddie Mac can qualify for HARP refinance.

2.)    Homeowners must be current on their mortgage.

When do the changes take effect?

We could see the changes take effect as early as December 1st of this year. In addition, the HARP Program will be extended through 2013 to allow more homeowners the opportunity to qualify.

President Obama hopes that if homeowners can lower their monthly mortgage expense they’ll be more likely to stay current on their payments and avoid foreclosure. They are estimating an average annual savings of $2,500 per household. He also hopes that the additional money they will be saving will help them spend on other things, which could provide a boost to the overall economy. Obama stated on Monday during his press conference, he realizes that aiding the housing market requires much more than a refinance plan.

If you would like to learn more about your home values or to learn how you can take advantage of Obama’s mortgage refi plan, please call or email us today.

Source: “A Guide to Administration’s New Mortgage-Refi Plan,” The Associated Press (Oct. 24, 2011) and “Refinancing Plan Won’t Help Housing Market Much,” CNNMoney (Oct. 24, 2011)
Daily Real Estate News, Tuesday, October 25, 2011

Need a helping hand?

by Nate Martinez

Need a helping hand?

If the market and your mortgage have tossed you a curve, please know that you are not alone. 

  • 6.3 million homeowners are in some stage of foreclosure
  • 10.9 million or 22.5% homeowners with a mortgage owe more than the property is worth
  • one foreclosure lowers the value of neighboring properties by 9%
A foreclosure is an alternative BUT there are better choices available. A foreclosure stays on a credit report for 7-10 years. Don't become a part of the statistics - if you or someone you care about is facing a possible foreclosure, please call me before you make that final decision. 
As a Certified Distressed Property Expert, I can help you navigate through the available solutions. Please visit my website to receive my Need a Helping Hand free report.
www.AZShortSaleResource.com 

The Disappearing Agent

by Nate Martinez

Ever feel like your agent just disappeared? Don't let this be you! Choose a RE/MAX Agent - because nobody in the world sells more real estate than RE/MAX. If you are looking to buy or sell in the Valley of the Sun, please call me today!

No Flyers In the Flyer Box?

by Nate Martinez

No Flyers In the Flyer Box?

Don't let this happen to you! If you want to learn more information about a home you see for sale, call the RE/MAX Professionals Home Hotline at 602-277-3111. Enter the house number and listen for the prompts to get all the details available. No flyers in the flyer box? No problem, RE/MAX Professionals Home Hotline gives you information 24/7!

Happy Memorial Day!

by Nate Martinez

Thank you to all the men and women who have dedicated their lives to protecting our great country. On behalf of my team, we want to wish each of you and your families a very happy, healthy and safe Memorial Day.

Freedom's Colors
Red is for Bravery;
blood shed in sacrifice.
Freedom came with lives the price.

White is for Liberty;
Freedom’s purity.
Life be free from God’s decree.

Blue is for Justice;
As vast as the sky.
Over freedom’s land to occupy.
©2002 Roger W Hancock (www.PoetPatriot.com)

Housing Market Improved?

by Nate Martinez

This morning, I was catching up on some reading and doing a little bit of research trying to keep my brain wrapped around the fast moving pace of our real estate market. While most people are still asleep, I am up at 4:00am reading about current market trends! So I thought I would use this blog to share with you my findings. So has the housing market improved?

I read an article provided by Forbes.com which was a report from ASU real estate studies professor, Jay Butler. His report shows the percentage of existing home sales that went to foreclosure dropped to 36% in April. This was a slight improvement from the 38% in March and a large improvement from the 43% reported in January and February.

These improvements could be from a variety of factors, such as more loan modifications and short sales being approved and/or the banks holding back on processing the actual trustee sales. There are still plenty of people out there who are underwater and could or will face foreclosure. But, in the short term, these changes in the percentages could shift the value of the housing market – thus stabilizing pricing and curbing what has seemed to be an out-of-control-downward-tailspin for the past 4 years.

I pulled the active inventory in the MLS (Arizona Multiple Listing Service) for Maricopa County and found some rather shocking data:

1.) The available inventory currently – homes for sale – is only 25,441.
2.) There is a code we use in the MLS which is “for sale with a contingency”, which simply means there is an offer on the home, but the listing agent is continuing to solicit back up offers. So technically or not, depending on which side of the fence you view the AWC listings, this brings our MLS inventory to 33,418 – or a potential of 7,977 additional homes that we could add into the available inventory.
3.) Today, there are 14,229 homes currently are sale pending. Those homes have what we Realtors would consider a solid offer and will most likely close as planned.

Now, if we take the first number of available homes (25,441) compared to those that are truly sale pending (14,229), that means, right now, we only have 1.79 months of available inventory for sale – WOW! Compare these numbers to this time last year, when we were looking at least a 12 month supply of inventory and at one point at the bottom of the market, we had over a 24 months of supply of homes for sale. Personally, I can share with you my own active listing inventory is the lowest it’s been since I started working the REO market.

So what does this mean to you? Well the rule of supply and demand teaches us that when supply is low, demand is high and vice versa - or some people would say "buy low and sell high". With only 25,441 homes for sale, this will evitably increase activity, creating multiple offer scenarios and thus driving prices back up. How far up, well that will remain to be seen – but bottom line is this – if you have been waiting to buy at the bottom of the market NOW is it.

One last thing before I wrap up this blog – the median sales price of a home in Maricopa County is hovering around $125,000 according to Jay Butler. I personally, have my own opinion and think this number may be a little high, especially if we are looking at specific areas of the Metro city. However, be that as it may, the point I want to make is really about the interest rates. Right now, you can lock in an FHA or VA loan for approximately 4.375% and if you wanted to do an adjustable 5/1 ARM, you could start with a rate as low as 3.750%. Conventional loans are holding steady at around 4.625%. On a purchase of $125,000, using the purchase price as the loan amount on an FHA loan, the principle and interest payment is $625.00 a month. Think about how this dollar amount could change if you are buying a $50,000 or a $75,000 or a $100,000 house? You can’t rent for this cheap! Call me today to get started – seriously, if you wait much longer, you are going to miss out on the best time in the history of our housing market to buy.

Displaying blog entries 1-10 of 17

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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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