NEW HOME PERMITS UP IN PHOENIX-SCOTTSDALE AREA IN APRIL

New home building permits are up in the Phoenix-Scottsdale area for the month of April. April recorded 1087 new home permits in the Valley, compared with 996 recorded in March according to analyst firm RL Brown Reports. New home sales however dipped slightly during the same period. It is not unusual for this to happen as the hot, triple digit temperatures return for the summer. The lack of buildable land parcels in the most popular subdivisions account for some of the drop in construction activity and in sales activity.

“In Spite of many challenges, we fully expect that the improvements in the economy will continue slowly, and housing in this region will continue to demonstrate improvements,” Brown wrote in the report.

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SUMMER HEAT IS HERE, TIME TO GO TO THE WINE COUNTRY

All the wine regions of Arizona are reporting a great start for the 2014 vintage. The Arizona Wine Growers Association is getting ready to host the Second Annual Wine in the Pines wine festival in Pinetop June 13-14, 12pm to 5pm. The Art of Wine Festival Saturday, June 12 is held in Scottsdale. Time to think Arizona wines, and buy local wines made from Arizona grapes.

The Windgate Ranch Lifestyle

Scottsdale Arizona continues to be a major destination resort drawing people from all over the globe to the Valley of the Sun. Once here, people learn fast the value of the stressless standard of living.

One of the most popular home development communities in the Scottsdale area is The Windgate Ranch. This is a Toll Brothers master planned community that features a diverse selection of semi custom single family homes that range in size from around 2700 square feet to over 6300 square feet. This is a family oriented community, however the residents are made up of retirees, singles, marrieds and families. Windgate Ranch features a 10,000 square foot clubhouse, 3 swimming pools, 3 spas, teen pavilion, childrens play pool and play ground, basketball courts, tennis courts, sand volleyball court, numerous geen belt areas for picnics and over 50 miles of outdoor trails for hiking or jogging. Windgate Ranch is located in the peaceful McDowell Mountains. The children who live at Windgate Ranch attend the award winning Scottsdale Unified schools.

PRIME GOLFING IN PHOENIX AND SCOTTSDALE

10892327713 802af2c02f b PRIME GOLFING IN PHOENIX AND SCOTTSDALE

There can be no doubt that the Phoenix and Scottsdale area has some of the finest golf courses available anywhere. Over 200 golf courses and more USA Top 100 courses than anywhere else, offering a leisure lifestyle that is unrivaled. Everyday living at some of the beautiful developments in and around Phoenix and Scottsdale is pure luxury for sure.
In the Valley of the Sun, the Phoenix and Scottsdale retirement communities are relaxed with famous southwestern charm and all the benefits of living in Arizona, where beautiful mountain vistas and blue sky views are part of every day living. The Metro Phoenix area is made up of several cities including, Scottsdale, Glendale, Tempe, Mesa, Chandler, Paradise Valley, and a few others. Today, the City of Phoenix itself takes in about 515 square miles.

A Realtor can help you find that just perfect retirement community with all the modern amenities you want, and the location you want so you are close to the activities and the particular residential charm you desire. Having modern medical facilities and a hospital near-by is important as well as knowing that you are close to modern shopping options, banking and financial centers, auto service centers, pet services, educational facilities, parks and other recreation options. Check out what the different retirement communities have to offer, including any ‘special needs’ type of services. Your Realtor can help with the type of floor plans and different sizes of residential units that are available, and, the costs too.

 PRIME GOLFING IN PHOENIX AND SCOTTSDALE

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Scottsdale’s Backyard Wonders

 Scottsdales Backyard WondersFrom Scottsdale, Arizona, there are almost too many natural wonders to name within driving distance. The Sonoran Desert, the Petrified Forest, and, of course, the Grand Canyon are among the most well known. The Grand Canyon is one of the greatest natural wonders in the entire world and it just happens to be located in Scottsdale’s back yard.

The Grand Canyon is one of the most visited natural tourist destinations in the United States drawing millions of visitors each year. Residents of Scottsdale, Arizona, however, are only a four hour drive from the South Rim of the Canyon where the waters of the Colorado River spent more than six million years digging their way an average of 4000 feet deep into the desert ground. Photographers, naturalists, hikers, white-water enthusiasts, and anyone who enjoys being in the great outdoors could not ask for a better base of operations than Scottsdale from which to pursue their hobbies.

 Scottsdales Backyard WondersOne of the lesser known attractions within driving distance of Scottsdale is the Kartchner Caverns State Park. Although these caves are estimated to be tens of thousands of years old, they were discovered only in 1974 and were purposefully kept secret from the public until 1988. Because of their recent discovery, these breath-taking caverns are in nearly perfect condition with none of the damage caused by heavy traffic that most other large cavern complexes have experienced. The Kartchner Caverns offer awe-inspiring geological formations unlike any other in the world. The youth of this state park combined with its proximity to the Grand Canyon keep its miles of tunnels off the beaten path for most tourists, leaving it relatively un-crowded for those who live near enough to visit at their leisure.

While many Americans are familiar with the majestic red buttes of Monument Valley, on the northern border of Arizona, from the movies, the true grandeur of these 1000 foot tall vertical towers can only be realized by standing among them. The area is a Navajo Nation Tribal Park, but is open to tourists, with the exception of Mystery Valley and Hunt’s Mesa which can be visited only as part of a guided tour. The park offers hiking, horseback riding, and a 17 mile long roadway for those who want to drive through and see as much of the park as possible.

While most areas of the United States offer some local attraction, few can boast either as many natural attractions, or any at all of the scale and grandeur of those available as day trips to the residents of Scottsdale, Arizona. Scottsdale is also one of those regions of the country that boasts good weather for the entire year making it an almost perfect place to live for those who do most of their living outdoors.

Scottsdale Short Sale Myths

Short Sale Myths -Who’s Zooming Who?

 Scottsdale Short Sale MythsGiven the current state of the real estate market in all areas in and around Phoenix/Scottsdale are many short sale listings. We have had our share of short sale listings and have represented both buyers and sellers through this process. We find ourselves educating buyers and sellers a lot these days about the process.Many people seem to think they know what short sales are…we find that about 2/3’s of people we speak with really have no clue what a short sale is.

For those of you who are not familiar with this terminology, a short sale is the sale of a house for less than the amount that is owed to the bank/mortgage company. Occasionally, homeowners find themselves in positions in which they must to sell their home, but the reality is that their property is worth less than what they owe the bank…perhaps they did a “cash-out” refinance?…perhaps they bought at the peak of the market with 100% Financing?

 Scottsdale Short Sale MythsMany banks will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a costly foreclosure, and the owner is able to pay off the loan for less than what he owes. We hear all kinds of crazy misperceptions about short sales and have put together a list of myths about short sales, boy was that a mouthful!

1) “The seller must stop making payments on their loan.” Not necessarily.

We have negotiated short sales where the seller has not missed any payments, and were not in default.

2) “The seller is in foreclosure.” Not necessarily.

It is possible to have missed payments and not be in full-blown foreclosure.

3) “Buyers will not want to make offers on short sale property.”

Not true.

Occasionally buyer’s agents are reluctant to represent offers on short sale properties. Often times, listing agents will take on short sale listing when in reality they have no knowledge base or skill set to successfully negotiate the lower payoff. A shrewd buyer’s agent will call the listing agent and make sure they are competent to complete the process, and then submit an offer.

4) “Financial hardship is the only reason a lender will accept a lower payoff.”

Not true.

There are many potential reasons a lender will allow a lower payoff. One such example is that the seller lost their job and have no means of making their mortgage payments..

5)”A short sale where there is a first mortgage and second mortgage will not be approved.”

Not true.

While this scenario requires diligent negotiation, many 2nd mortgage holders will accept as little as $1,000.00 in lieu of a full payoff.

6) “A short sale means that the escrow period will be short.”

Generally no.

Depending on how much negotiation can be completed in advance, a typical timeline for lender approval can be 30 to 90 days. Once the lender approves the lower payoff, escrow is opened and the transaction timelines proceed from that date.

7) “Short sales are a bargain!” Banks do not give property away.

They base approval on recent sales comparables, and actually retain the services of a local agent to perform a BPO (aka, Broker Price Opinion). However we do believe it is possible to get a lender approval for a property below the current market value, purchasing at “wholesale” is just not reality.

8)”The seller of the property can make money from the short sale.”

 Scottsdale Short Sale MythsNot true.

The lender will REQUIRE that the seller nets $0 from the sale.

These are just some of the common questions we get from both buyers and sellers regarding short sales. In reality, most people (buyers, sellers, and even some real estate industry professionals) do not have a clear understanding of what they are and how they work. We have successfully negotiated short sales for seller clients. If you are facing the reality that you have to sell your home, and you owe more than its current market value, We may be able to assist you. We welcome your call at 602-620-2164 so we can discuss your options or email us at stephen@az-homes4u.com.

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Scottsdale Ranch

scottsdale1 Scottsdale RanchScottsdale Ranch is one of Scottsdale’s premier master planned communities and consists of 40 individual sub divisions with a wide spread selection of beautiful home options especially planned for singles, families and retirees. This sub division has been built on over 1100 acres and is close to popular Lake Serena, just east of McCormick Ranch. There are plenty of residential options  ranging from the affordable to upper end expensive.


There are town homes, private patio homes, single family custom designed and built homes and estate-style custom lakefront homes and tennis villas. Scottsdale Ranch offers custom executive homes on the waterfront of Lake Serena with over 5 miles of shoreline to enjoy.

This development offers the children a great education through the award winning Scottsdale Unified School District. There are great shopping, dining and entertainment options available and all the modern amenities and conveniences of the big city. Financial services, medical services, retail shops, specialty shops, fast food and fine dining, auto services are all available.

Scottsdale Ranch Homes For Sale

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Scottsdale Ranch is a master-planned residential community located in Scottsdale, Arizona and was first developed in 1984 by Markland Properties, Inc. and Costain Arizona, Inc. Scottsdale Ranch has since become Scottsdale’s premier and progressive community offering a variety of upscale living options in a resort-like setting. Comprised of 3,938 properties in over 40 different subdivision neighborhoods, this gorgeous lake-side community offers a lifestyle that is unmatched.
Neighborhoods in Scottsdale Ranch

  • Andalusia I
  • Andalusia II
  • Andalusia III
  • Bayview Estates
  • Casa del Cielo
  • Catalina
  • Charter Point
  • Ensenada Del Oro
  • Haciendas del Lago
  • Heritage Court
  • Heritage Place
  • Heritage Terrace II
  • Heritage Village IV
  • Hillcrest
  • La Privada Apartments
  • Lake Serena Estates
  • Lakeview Estates
  • Las Brisas
  • Mirador
  • Mission Monterey
  • Monterey Point
  • Morning Side Apartments
  • Mountainview Lake Estates
  • Mountainview Place
  • Mountainview Village
  • Ridgeview Estates
  • Scottsdale Bay Club
  • St. Tropez Estates
  • Suntree East
  • The Estates at Scottsdale Ranch I, II & III
  • The Fountains
  • The Island
  • The Landings
  • The Racquet Club at Scottsdale Ranch
  • The Venetian
  • Tierra Vista
  • Lake Serena

 

A Brief Walk Through Scottsdale History

670px Old Town Scottsdale 01 A Brief Walk Through Scottsdale History

English: A street in Old Town Scottsdale, Arizona, USA Français : Une rue dans le Old Town Scottsdale, Arizona, USA (Photo credit: Wikipedia)

It was 1888 when Army Chaplain Winfield Scott visited the Salt River Valley and made his down payment on 640 acres so he could start a farming operation. Scott’s purchase, near the heart of present-day downtown booming Scottsdale, would be the impetus for the development of the city that bears his name. The very favorable climate and ability for irrigation, and the beautiful scenery influenced the initial settlement with agriculture being the main draw, many health seekers came to Scottsdale. Many of the first settlers were educated and had an appreciation for cultural activities.

 

These early settlers established the Scottsdale public school system in 1896, supported a burgeoning artists and writers culture in the early 1900’s, and promoted Scottsdale’s affiliation with the earliest area resorts. Scott’s original homestead lay adjacent to the new Arizona Canal, which tapped the Salt River, ad the development of a reliable water supply was crucial to the early growth of the community and the valley.

 

The construction of the Granite Reef Dam in 1908 and the Roosevelt Dam in 1911 transformed the Salt River Valley and allowed Scottsdale to share in a population boom.
Scottsdale soon became known as the”West’s Most Western Town”. In 1916, a large cattle ranch, which would eventually cover over 44,000 acres, was established. The DC Ranch operated through the 1950s. The Depression Era saw an influx of artists and architects to Scottsdale including Frank Lloyd Wright who purchased 600 acres and built his winter home.

 

In 1950, Motorola Corp. opened a plant near Scottsdale’s western border, signaling the beginning of an advanced techology industry that has continued to grow up to the present.

 

The town continued to grow rapidly during the 1950s with more than 10,000 population occupying an area of about 5 square miles. By the end of the 60s, Scottsdale’s population had increased six fold to nearly 68,000 and its land area increased to 62 square miles.

 

The following decades brought even more growth in population and land area, as the city pushed northward into the high Sonoran Desert and experienced several building booms. By 1980, its population of more than 88,000 covered 88.6 square miles. By 1990, it had reached more than 130,000 in population and expanded to roughly its present size – about 185 square miles.

 

By 2000, the city was home to more than 202,000. The city saw a corresponding boom in its tourism industry, as new resorts appeared along the Scottsdale Road corridor and then farther north. Today, the city is a renowned destination and draws more than 6 million visitors annually.

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 A Brief Walk Through Scottsdale History

9 THINGS YOU MUST DO AFTER YOU RECEIVE A PRE APPROVAL LETTER

dollar 300x260 9 THINGS YOU MUST DO AFTER YOU RECEIVE A PRE APPROVAL LETTER I think most of us know that we must continue to pay our bills, even after receiving a loan pre approval letter from a lender, but many people assume that the lender has approved them and start neglecting their finances.

#1Generally, a pre-approval letter is valid for 90 days after you receive it. Most have a disclaimer that if anything changes before the settlement, it could impact your pre-approval. After 90 days most lender will issure you a renewal letter, after checking your finances again, and doing another credit check.
#2    DON’T MAKE ANY MAJOR PURCHASES.
When you buy furniture or appliances with credit, your lender will have to factor in the added new payments to your debt to income ratio, which might result in a cancelled or delayed loan settlement. If you pay cash, will you still have the money for the down payment, and any cash reserves?
#3    DO NOT PAY OFF ALL OF YOUR DEBT.
After getting a pre- approval letter, every move you make with your money will have an impact, so consult with your lender before doing anything. Even if you pay off your credit card debt, it can hurt you if you close out your account or reduce your cash reserves. We’ll also need to know where the money came from to pay off the debt.
#4    DO NOT CO-SIGN ANY LOANS FOR ANYONE.
Borrowers sometimes assume that co-signing a student loan or a car loan won’t affect their credit, but it is considered a new debt for both signers, especially when its a new loan. Most lenders will require at least 12 months of cancelled checks that show only the co-signer is paying the new loan. Payments made against the new loan will also have to be calculated as part of your debt to income ratio.
#5    DON’T CHANGE JOBS.
Try not to change jobs after getting a pre-approval letter. Even if it seems like a great move to you, a lender will have to re-verify you employment and you may have to provide one or two pay stubs, which will delay the settlement.
#6    DON’T DELAY ANY REQUESTS FROM THE LENDER.
If the lender recommends something you need to do,or provide, follow their directions and do it, ASAP. Always provide requested documents as soon as the lender asks for them. If you delay providing any requested item, it will delay the closing of the loan, or settlement.
#7    STAY CURRENT ON ALL EXISTING ACCOUNTS.
Continue to pay all of your bills on time and make sure that you don’t incure an overdraft on any account. If you make payments on some accounts with automatic billing to a credit card, do not change the procedure. Your preapproval is a snapshot in time, and you want to make sure that your finances stay as close to that snapshot as possible.
#8    KEEP RECEIPTS and GOOD RECORDS OF ALL DEPOSITS.
You may have to provide additional records and receipts, or complete documentation of any deposits other than your usual paycheck information. You must document everything. You must be proactive and contact your lender if you recieve a bonus, or other income, even certificates of deposit if you consolidate your assets. A good lender can advise you on what you will need for a good paper trail. The same if you are receiving any gift funds, you must provide a gift letter from the donor.
#9    DISCUSS THE SELLERS CONCESSIONS.
If you are going to ask the seller for any concessions, the lender needs to know the details. They must be factored into the loan approval. Even in a sellers market, sometimes there is opportunity to negotiate help with the closing costs, for example. Keep the lender up to date on anything that may change the pre-approval you have received from the lender.

You need to discuss everything with your lender and stay in constant contact throughout the entire loan process.

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A Brief History of Scottsdale Arizona

It was 1888 when Army Chaplain Winfield Scott visited the Salt River Valley and made his down payment on 640 acres so he could start a farming operation. Scott’s purchase, near the heart of present-day downtown booming Scottsdale, would be the impetus for the development of the city that bears his name. The very favorable climate and ability for irrigation, and the beautiful scenery influenced the initial settlement with agriculture being the main draw, many health seekers came to Scottsdale. Many of the first settlers were educated and had an appreciation for cultural activities. These early settlers established the Scottsdale public school system in 1896, supported a burgeoning artists and writers culture in the early 1900’s, and promoted Scottsdale’s affiliation with the earliest area resorts. Scott’s original homestead lay adjacent to the new Arizona Canal, which tapped the Salt River, ad the development of a reliable water supply was crucial to the early growth of the community and the valley. The construction of the Granite Reef Dam in 1908 and the Roosevelt Dam in 1911 transformed the Salt River Valley and allowed Scottsdale to share in a population boom.

Scottsdale soon became known as the”West’s Most Western Town”. In 1916, a large cattle ranch, which would eventually cover over 44,000 acres, was established. The DC Ranch operated through the 1950s. The Depression Era saw an influx of artists and architects to Scottsdale including Frank Lloyd Wright who purchased 600 acres and built his winter home.

In 1950, Motorola Corp. opened a plant near Scottsdale’s western border, signaling the beginning of an advanced teleology industry that has continued to grow up to the present.

home image1 300x108 A Brief History of Scottsdale Arizona The town continued to grow rapidly during the 1950s with more than 10,000 population occupying an area of about 5 square miles. By the end of the 60s, Scottsdale’s population had increased six fold to nearly 68,000 and its land area increased to 62 square miles.

The following decades brought even more growth in population and land area, as the city pushed northward into the high Sonoran Desert and experienced several building booms. By 1980, its population of more than 88,000 covered 88.6 square miles. By 1990, it had reached more than 130,000 in population and expanded to roughly its present size – about 185 square miles. By 2000, the city was home to more than 202,000. The city saw a corresponding boom in its tourism industry, as new resorts appeared along the Scottsdale Road corridor and then farther north. Today, the city is a renowned destination and draws more than 6 million visitors annually.