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Thinking about purchasing a home?

Buying-A-HomeTroy Reeves & The Reeves Team would love to help you find your dream home. Before you start your shopping on that perfect home there are a few initial steps to take.

As you begin looking at homes both on the internet and with your agent, you need to be prepared when you find a home you want to not only look at, but put an offer on.

Once you are ready to make that offer, you as a home buyer will need to provide information to the home seller that you are qualified to purchase their home.

As you are excited to purchase, they are excited to sell and move on to the next stage of their real estate endeavors.

Below are some things you as a buyer should take into consideration to be prepared to make that offer?

• Where is your mortgage coming from?
To show sellers that you are a serious buyer you want to get “pre-approved” for a loan. Having pre-approval lets the seller know that you have met with a banking individual and it shows what you are qualified for and if seller assistance is needed. It also provides a guideline as to how long it will take to finish the loan.

It is recommend that when you review the various loan programs that you make sure you have a clear understanding of the terms so no surprises arise during the loan process. When you meet with a mortgage adviser, be prepared for them to run & review your credit score. They may suggest some items you might need to take care of in order for you to increase your credit score. Here at The Reeves Team we have seen when buyers are all set to purchase a home go under contract and along the process make a purchase that should have waited,  that purchase causes their credit score to drop and then no longer qualifying for the home they were in the process of buying.

• How much do you want to spend on a house?
Besides thinking about how much you want to spend on a home, you should take into consideration how much your monthly payment will be. You want to make sure you have enough to not only make your house payment, but enough available funds to pay all your financial commitments.

When meeting with your lender you may find out that you are approved for more than you had thought about spending. Troy Reeves & The Reeves Team wants to remind you that while you receive approval for a certain amount, doesn’t mean you need to spend that full amount. You want to decide on a price & payment that will keep you in budget with all your other financial commitments.

• Do you have a “dream” location you would like be live near?
You may have a desired location you would like to be near. Here at The Reeves Team we have implemented various search tools that will help you look for homes at your price range in your desired location.

• How important is keeping on schedule?
Once you are under contract and have a scheduled closing date. You want to make sure you do what is necessary to insure that closing date is met.

There are certain deadlines that your Realtor will help you keep when it comes to inspection periods. As a buyer you want to work closely with your lender to make sure you meet their deadlines as well. Often times we see buyers not submitting paperwork in a timely manner, which in turns requires the lender to ask for additional time to finish the loan.

• Is it possible to agree on everything?
During a real estate transaction there are many terms to come to agreement on. At times buyers & sellers will need to be ready to make comprises in order to get the deal to go through. All parties involved will need to come to an agreement on the closing date. All repairs items will need to be agreed to in order to move forward and complete the sale.

• What condition home do you want to purchase?
Are you thinking about purchasing a home that needs some TLC? As a home buyer before choosing a home that needs some fixing up, you want to think about how much time & energy you have to focus on those items.
Purchasing a home that does not require repairs may cost a little more, but it also leaves you time and possible additional expenses if you choose getting a home that needs TLC in the condition you want.

If you are a person that loves to make the home your own, purchasing on that needs TLC will allow you to add your personal touches and make it a project of love.  Just make sure you do your research on remodeling guidelines in your area of purchase.  Before making an offer on a home that requires some improvements there are some things to take into consideration. If there is a mortgage involved there could be lender required repairs that might be required prior to closing. Also, if you are thinking about making some drastic changes to the home, there could be some community rules or town laws that would have to be followed.

Troy Reeves and the Reeves Team wants to help make sure your home purchase experience is as enjoyable and stress free as possible. As a buyer you want to make sure all your concerns and questions are answered by not only your realtor, but by your lender as well.

Purchasing a home is a team endeavor.

Make sure you have a strong educated team working with you.

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Pool time is fast approaching!

Do your pool tiles look like the ones in this photo? Have you noticed your utility bills going up?

pool tile

Now is the time for you to get your pool looking good and running well before the temperatures get to hot and before pool season starts.

If you have started noticing that your utility bills have been increasing… it could be that your pool equipment is not working correctly or beginning to fail.
Before splash season begins, you may want to think about the following…

• Are you happy with how your pool area landscaping looks?
• Does your pool slide need to be replaced or refinished?
• Does your decking need refinishing?
• Does your pool interior surfaces need repairs?
• Are your lighting fixtures not working correctly?
• Are your pump & cleaning system having issues?
• Have you thought about testing your water at a local pool store?

It is recommended that you change out your pool water every few years…When is the last time you changed the water?

Here at The Reeves Team, we not only want to help you find your dream home.  We want to share information with you on how to continue to love your dream home.

Gilbert Homeowners – Temps are rising

sunAs the temperatures are starting to rise in the valley of the sun, we at The Reeves Team highly recommend you have your HVAC system serviced before summer is fully upon us.

Having your Gilbert home HVAC system in its top running condition could save you hundreds of dollars.

Gilbert homeowners, when is the last time you had your HVAC serviced?  In the valley of the sun it is recommended that homeowners have their HVAC serviced twice a year and change your filters once a month.

Gilbert homeowners, now is also a great time for “spring cleaning”.

SPRING-CLEANING

  • When is the last time you went through your refrigerator and pantry to check expiration dates?
  • How about giving your windows & screens a good washing before the Monsoon season starts?
  • With the holidays over have you de-cluttered your garage and put away all those decorations?
  • Before closing up the windows for the summer, how about dusting off those lights & ceiling fans?
  • Have you thought “I need to clean out those closets”?
  • With pool parties approaching, how about getting the patio & outdoor furniture ready for the swim season?
  • Taken a moment to sit and relax and just noticed those dusty baseboards?
  • Could it not also be a good time to clean out those kitchen cabinets that fight you when you need a pot or pan?

Spring and “springtime” is often referred to as the season of  rejuvenation and re-growth.  What better time than now to get your Gilbert home cleaned up and refreshed for the coming rising temperatures in Gilbert.

Here at The Reeves Team we not only want to be there to help with your real estate needs, we also want to share important information to help you enjoy your Gilbert home.

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Arizona Balloon Classic

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The Reeves Team was proud to bring one of the most recognized corporate symbols on the planet to the Arizona Balloon Classic. At seven stories tall, the RE/MAX Hot Air Balloon grabs attention wherever it goes. This year The Reeves Team Sponsored the third Annual event held in Gilbert Arizona.

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The Re/Max Balloon grabs attention wherever it goes.

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Our talented Balloon Pilots gave rides to a few lucky families.

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Troy Reeves and his twin boys pose with a family prior to a flight.

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The Reeves Team and the classic Hummer brand teamed up with the Balloon to make this year an unforgettable event.

IMG_5746 Not content with just watching the balloons these onlookers decided to send their own balloons up.IMG_5822

Troy poses with potential clients and other members of the Re/max family for this photo inside the balloon!

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The Re/max balloon pilot getting the balloon ready for the big glow!

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A client of the Reeves Team signs the disclaimer before going up for an early morning ride.

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Troy poses with the Hummer that doubles as a chase vehicle.

Academy Mortgage Offers Solutions When Looking To Purchase A Home

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 It is the mission of Academy Mortgage to deliver the dream of sustainable homeownership to as many homebuyers as possible. With our new lower FICO score requirements for FHA 30-Year Fixed-Rate Loans, we are helping homebuyers with credit challenges to achieve this dream.

 Program Benefits:

  • 30-year, fixed-rate home loans insured by the Federal Housing Administration (FHA).
  • Low down payment options.
  • Fixed interest rate and fixed monthly mortgage
    payment that won’t change during the entire term of the loan.
  • Competitive interest rates.

 Program Eligibility and Requirements:

  • FICO scores of 580 and above now eligible for FHA financing.
  • Debt-to-income ratio of 43%.
  • Available to first-time homebuyers or experienced homebuyers who don’t have perfect credit and are concerned about
    qualifying for a loan.
  • Eligible properties include single-family homes and approved condominiums.

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Contact me today to see if Academy’s FHA home financing program
can open the door to homeownership for you.

 All mortgage products are subject to credit and property
approval. Rates, program terms, and conditions are subject to change without
notice. Not all products are available in all states or for all amounts.
Additional conditions, qualifications, and restrictions may apply. This is not
an offer for extension of credit or a commitment to lend. Please contact
Academy Mortgage for more information.

 Sincerely,

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ChadMelin

Regional Manager

1750 East Northrop Blvd Suite 230

ChandlerAZ 85286

(480) 389-5705 – Cell Phone

(480) 389-5705 – Office

Chad@Academy.cc

www.AcademyMortgage.com/chadmelin

NMLS: 152627 | LO State Lic0911698

Corp NMLS: 3113

 

For state licensing information, please visit:

http://www.academymortgage.com/StateLicense

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Spring is in the Air… Spring Training that is!

Cactus leagueWith spring training games happening all over the valley we at The Reeves Team are sure you have seen more out of state visitors and baseball fans out and about.

 Spring training has been part of the valley since 1947 with just two teams.  Today, there are 15 teams that use the Phoenix metro area as their spring training destination.

 Baseball fans from all over the country come to the valley not only to see their favorite players but also enjoy the beautiful weather that we have and leave the snow behind.  With park locations often in driving distance of one another, baseball fans look to enjoy games, shopping and eating along with the beautiful desert scenery and excitement of the old west.

 The valley is recognized for not only its beautiful weather this time of year, but also for all the outdoor activities that baseball fans can enjoy while visiting.  There are several hiking & biking trails, lake recreations, horseback riding and let’s not forget golfing.

 This spring is extra exciting with the grand opening of the new Cubs training site in Mesa with its 15,000 seat facility. A fellow RE/MAX Agent, Mark Toon had the honor of singing the national anthem not once but a few times at a Cactus League game.  Click here to see the wonderful job he did.

Have you been thinking about selling your Chandler home, Gilbert home or Mesa home, but not sure if you should wait till school is out? 

Wait no more! Let those baseball fans that are visiting the east valley see the sign in your front yard or read about your listing while on the way to a game.

Here at The Reeves Team we often receive calls from folks visiting and fall in love with the weather and look of homes and ask about purchasing a primary or secondary home.

Click here to meet the Reeves Team and learn more about how we can help with all your real estate needs.

What do these February charts mean?

Basically it comes down to the supply and demand theory of economics. Currently we are experiencing an increase in supply of homes on the market and a decrease in number of homes being sold on a monthly basis.

This is currently resulting in a flattening out of market prices. Should this trend continue we can see prices drop. The increase in inventory of homes for sale has resulted in an adjustment up to a normal inventory, so no need to panic. We have experienced a shortage of homes for sale in the spring selling seasons of 2011 and 2012. This has resulted in sharp price increases.

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Monthly sales

Back in October we mentioned due to the government shut down that the market was changing, click on this link to read that blog. http://www.relocateaz.com/2013/10/how-the-government-shutdown-has-affected-arizona-housing/

Believe It! Data Shows Selling a Home in Winter Pays Off

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If you’re waiting until spring to put your home on the market, you’re going to want to take a look at these numbers. Data of homes listed from March 22, 2011 through March 21, 2013 was analyzed by Redfin, and they found that those homes listed in winter have a 9 percentage point greater likelihood of selling, sell a week faster, and sell for 1.2 percentage points more relative to list price than homes listed in any other season. Here’s a breakdown of the key selling metrics that were looked at in the study:
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The data contradicts the popular sentiment that selling a home during winter is more difficult because there are fewer people looking to buy. Further, the advantage of selling a home in winter holds true in temperate climates as well as those with harsh winters. In each of the 19 markets analyzed in this report, with Phoenix coming in at #1 on the list.
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Many Home Buyers Hibernate for the Winter, But Serious Shoppers Stick Around
It’s true that many home shoppers stop looking during the winter, and there are several reasons why. Some don’t want to go on home tours when the roads are slick, others want to wait until more homes come on the market in spring, and many don’t want to change their children’s school mid-year. However, those who do need a home during the winter season are the most serious, often looking to move because they need to, not because they want to. This can put the seller in an advantageous position if they are flexible with the timing.

There are plenty of people who need to buy a home in the winter, whether it’s because of a job relocation or major family change, like a new baby. These buyers want to get into a home quickly, and are sometimes willing to pay top dollar.

An anticipated rise in mortgage rates is another reason why it may be advantageous to list your home this winter. The Federal Reserve has signaled that it plans to start reining in its stimulus program ‘in the coming months,’ which will push mortgage rates up. For many buyers, this expected policy change is motivation to strap on their boots and find the right home before rates increase, regardless of the cold weather.

So did these facts blow you away? let us know your thoughts in the comment section below.

If you’re planning to list your home this winter give The Reeves Team a call today.

Gilbert Arizona Ranked Second Safest City In U.S.

welcome to gilbertGILBERT, AZ – Two cities in Arizona were named among the top five safest cities in the United States, according to Law Street Media.

Using information from the Federal Bureau of Investigation’s Uniform Crime Report Statistics in 2013, the City of Gilbert was found to have “a very efficient policing system,” according to a Monday press release.
Gilbert’s Mayor, John Lewis, said he was proud to earn this title and that, “Gilbert’s safe atmosphere is created through the dedication of our terrific police department along with the commitment to our community from our residents and businesses to continue to make it a clean, safe and vibrant place to live and work.”

The City of Scottsdale also made the list at number five. A high officer-to-resident ratio, and a “vibrant economy” were cited as two of the main factors contributing to Scottsdale’s overall safety.

The most notable aspect of Gilbert’s low level of crime is the number of police officers that the city employs. Having only one officer for every 965 people, Gilbert has a very efficient policing system given that it had only 205 instances of violent crime and 5 murders in 2012. Because Gilbert is such a safe city to live in it has recently experienced significant population growth. As a result, its police force may need to dramatically expand as people continue to flock to the city. Gilbert has been able to successfully target its few police officers to increase police visibility and keep its crime rate low.

Violent Crime Rate: 95.68 per 100,000 people

Population: 214,264

Murder Rate: 2.33 per 100,000 people

Officer to Population Ratio: 1:965

Median Household Income: $80,090

Unemployment Rate: 5.3 percent

Safest City Over 200,000 Rank in 2011: #2

To see how other cities stacked up, see the full article at lawstreetmedia.com

The Reeves Team Sponsoring The Arizona Balloon Classic

Remax Glow1It’s one of the most recognized corporate symbols on the planet, and understandably so. At seven stories tall, the RE/MAX Hot Air Balloon grabs attention wherever it goes. This year The Reeves Team is proud to bring the iconic balloon to the 2013 Arizona Balloon Classic. This will be the third Annual event held in Gilbert Arizona.

When will the Arizona Balloon Classic be held this year?

This year the Arizona Balloon Classic Festivities will be held from:
Friday, December 13, 2013 – from 5 p.m., to 9 p.m.
Saturday, December 14, 2013 – from 6 a.m. to 9 p.m.
Sunday, December 15, 2013 – from 6 a.m. to 10 a.m.

site-mapTroy Reeves and The Reeves Team will be flying the RE/MAX balloon in front of 15,000 spectators during this signature event in the South East Valley. Over the three day festival, thousands of people will enjoy early evening balloon glows, morning balloon launches and landings, plus The Hare and Hound, a traditional hot air ballooning race.

Check Out The Arizona Balloon Classic on Facebook and Twitter

Where will these festivities take place?

RMAX1Dozens of hot air balloons of all shapes and sizes including the iconic RE/MAX Balloon will come to the .Gilbert Civic Center located at 90 E. Civic Center Dr in Gilbert to participate in the 3 day event. As one might expect, there will more than just balloons at this event. There will be music, food, arts and crafts, a family fun zone, and fireworks.

Full Schedule

Schedule
Event #1 (Friday, December 13, 2013)
3:30pm – 9:00pm 2013 Classic begins! Family Fun Zone, Food Court & Marketplace open
3:30pm – 5:00pm Fun Flights ~ hot air balloon excursions
5:00pm – 8:00pm Hot Air Balloon Tethered Rides
5:45pm – 7:00pm “Desert Glow” – Hot Air Balloons illuminate the skies
7:15pm – 8:45pm NOW SHOWING: The movie “UP” on the big outdoor screen.

Event #2 (Saturday, December 14, 2013)
7:00am Gates Open for the 2013 Arizona Balloon Classic
6:30am – 9:00pm The Family Fun Zone, Food Court Holiday Marketplace open
8:00am – 10:00am Hot Air Balloon Tethered Rides & Fun Flights
8:00am – 8:20am 1st WAVE: “Hare & Hound” race launch competitive balloons
9:30am – 10:30am Paramotor display & exhibition
3:00pm – 5:00pm Fun Flights ~ hot air balloon rides
5:00pm – 7:30pm Hot Air Balloon Tethered Rides

Event #3 (Saturday, December 14, 2013)
7:00am – 9:00pm The Family Fun Zone, Food Court & Holiday Marketplace open
7:30pm – 8:30pm “Desert Glow” – Hot Air Balloons illuminate the skies
8:45pm Fireworks Spectacular presented by Navy Federal Credit Union

Event #4 (Sunday, December 15, 2013)
7:00am Gates Open for the 2013 Arizona Balloon Classic
6:30am – 10:00am The Family Fun Zone, Hot Air Balloon rides, Food Court open
8:00am – 10:00am Hot Air Balloon Tethered Rides Fun Flights
8:00am – 8:20am 1st WAVE: “Hare & Hound” race launch competitive balloons
10:00am – 10:30am Pilot Awards & Closing Ceremony

Evening Glows

Evening Glows will take place on both Friday and Saturday evening from 7 p.m. to 8 p.m. and will feature illuminated, tethered hot air balloons. The Balloon Glows are a favorite of both amateur and professional photographers.

How much does it cost to get in to the Arizona Balloon Classic?

Single tickets per session: $10 at the gate
Single day tickets per session for seniors: $7 at the gate
V.I.P.: $30 per person in advance, includes, food, drinks, private seating, restroom and parking.
Family Packs of four tickets for Friday evening session are $25 in advance.
Children 11 years old and younger are admitted free
Active military and veterans are admitted free with ID.
Groups of 10 or more, per day: $7 each at the gate

You can pick up tickets in advance for $9
Parking is free!

What if I have more questions?

There is so much going on at The Third Annual Arizona Balloon Classic, if you have any other questions about this even please contact Troy Reeves & The Reeves Team for additional information.