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Gilbert Homes Foreclosures on the Decline

During the foreclosure crisis, which began in September of 2008, around 4.4 million homes went into foreclosure across the United States. The Gilbert Homes community was impacted just like the rest of the nation and many houses in the area went into foreclosure as well. Most of the Gilbert Homes that foreclosures as a result of the housing crisis have since been bought by private homeowners and investors and far fewer are going into foreclosure, according to Troy Reeves of the Troy Reeves Team. This news is great for people looking to sell Gilbert Homes, people who want to refi or own Gilbert Homes, and new Gilbert Homes buyers. This also signals more positivity that the economy is on the rebound. Find out what’s going on in the market and what this all means for Gilbert Homes buyers and homeowners.

 

Fewer Foreclosures Across the Country 

In May of 2013, U.S. foreclosures, which includes homes that were in any stage of foreclosure, hovered around 1 million. Last year in May, that number was at 1.4 million. Over the past year, this country has seen almost a 30% decline in foreclosures nationwide. Also, around 2.3 million mortgage loans are considered to be seriously delinquent — that’s only 5.6% of mortgages in the United States. The number of seriously late mortgages in May is the lowest it has been since the end of 2008. In 42 different states in this country, the number of delinquent homes has decreased by double digit numbers. We also know that the current rate of problematic home loans is down to only 0.73% and will likely continue to drop.

 

What This Means When Selling or Buying Gilbert Homes 

If you are buying or selling Gilbert Homes, this is really good news for you. When there are fewer loans in delinquent statuses or going through foreclosure, lenders are far more willing to offer mortgage loans. Buyers can now more easily qualify for mortgages on Gilbert Homes — making it much easier to sell Gilbert Homes. This information also signals more stability in the economy and housing market, making buying a home a much safer investment now than it has been in quite some time.

Home Builders Have Confidence in Chandler Homes Growth

Arizona Housing Market Statistics

There are many different signs that the housing market is finally in recovery for the first time since the crash. Sales are up and the value of Chandler Homes is increasing. Troys Reeves of the Troy Reeves teams notes a major upswing in listings as well as interested buyers and sellers. While Chandler Homes buyer and seller confidence is important, a very notable crowd feeling good about the market is the home builders in the United States.

 

Home Builders Excited About Chandler Homes

Confidence in Chandler Homes rose greatly as sales and values for single family houses grew in May. This is in-spite of the rising cost of building materials. The National Association of Homes Builders, an American organization showed an increase of builds in May. Chandler Homes builders are noticing an increase in the urgency seen in potential home buyers. There is currently quite a few more home buyers than houses on the market right now as people were not expected this sudden improvement of the housing market – thus not planning to sale so soon.

 

Combine the thinning Chandler Homes inventory with affordable mortgage rates, the continually improving local economy, and lenders easier qualifying, and builders are seeing the potential for great new build opportunity. New Chandler Homes builders are optimistic and eager to build even though the price and availability of materials for building Chandler Homes is proving to be challenging.

 

Positive Builders Reflect a Favorable Outlook

When the recession hit, builders took a major hit. The fact that builders are now ready to build again reflects a more rounded out recovery. Many people are encourage by the enthusiasm seen in Chandler Homes builders. This news is in line with many other trends we’ve seen in housing over the past months. It seems like new reports are coming out everyday to support a recovering housing industry. Last week we learned about easier qualifying for Chandler Homes buyers and steady mortgage rates. Experts have also noted a dramatic increase of the value of homes over the past couple of months. The expectation is that news is going to keep staying positive and the market will just keep getting better.

 

Renovate Gilbert Homes Before the Sell

housing market_gilbert

The American real estate market is heating up for the first time after a very long slumber, following the crash. After a few dark years of declining sales and now a clear path to a strengthening market and economy, home improvement spending is on the increase again. If you are planning on renovating Gilbert Homes before making a sell, but have been holding off until the economy strengthens to do it, now is the time to act!

The rising cost of homes and lowered mortgage rates are prompting people to buy and sell Gilbert Homes again. With an improved market, you will likely be able to get a better price from the sell of Gilbert Homes if you invest into renovations first. Troy Reeves of the Troy Reeves Team is now advising his sellers to spruce up their homes before the sell to compete for Gilbert Homes buyers.

 

Why is it a Good Time Now to Renovate Gilbert Homes Before the Sell?

If you are planning to get started on your home improvement project before the sell of your home, you have make a very smart decision. By doing simple upgrades, you can greatly increase the value of your home. When you increase the value of your home, your house is more likely to sell at a higher price, and spend much less time on the market.

 
Staying Within a Budget While Renovating Gilbert Homes

When you are doing a makeover on Gilbert Homes, you will need to have a budget if you want the renovations to end up in a profit. Establishing a cap, or the absolute most you’ll spend on the renovation, will help you greatly in the process. For the most part, your Gilbert Homes budget should be divided into rooms. Your Gilbert Homes kitchen should account for the most of the budget out of all of the rooms – followed by basement areas, bathrooms, half-baths, living room/family room, and bedrooms. Gilbert Homes homeowners should also put the most focus on projects that don’t require tearing down walls or making additions to the structure. Little details matter and shouldn’t be overlooked; put a lot of attention on fixtures and things like lighting to make the biggest impact with the smallest budget.

“by Troy Reeves” at Google

Chandler Homes See Mortgage Rate Drop

People buying Chandler Homes over the last month probably noticed that mortgage rates where on a month long rise. After this month long rise in mortgage rates on Chandler Homes, rates are once again falling. This is somewhat surprising, but comes with reason. According to Troy Reeves, founder of the Troy Reeves Team, not many people saw the rate drop coming, but many factors led to this happening.

 chandler housing market

Rates Drop on Chandler Homes

If you plan on buying Chandler Homes this month, you will be pleased to know that the average rate on a thirty year fixed loan is on a slight decline. After nearing a high of 4% a little over a week ago, the average rate fell to 3.93%. On a fifteen year fixed Chandler Homes mortgage, rates dropped from 3.1% (a year high) to 3.04%. This might not seem like a massive drop, but it makes a difference in savings when buying Chandler Homes. Freddie Mac announced these findings in their latest mortgage buyer survey. The drop comes from a dramatic rate increase of sales of Chandler Homes and all homes in this country over the last month. The recent rate hike was a result of the rumors that the Feds were going to reduce purchases of bonds. The previous historic low for 15-year fixed rate mortgages was 2.56% in May.

 

What This Mean for the Chandler Homes Market

Dropping rates in this occurrence is actually positive news for Chandler Homes buyers and sellers. This rate drop is a good sign that the housing market and economy in early is continuing to improve and strengthen. Earlier in the week, the National Association of Realtors made an announcement that sales of homes previously built jumped an impressive 4.2%! This increase was much larger than many experts anticipated, a sign that things in the housing market might actually be going a lot better than the majority of the population and experts perceive. Experts in the industry are relatively split on which direction these rates will head next, most call for either lowering or rising, with very few expecting a leveling off anytime soon.

 

“by Troy Reeves” at Google

More People Now Feel Confident Selling Chandler Homes

Have you noticed more of your friends and neighbors listing their Chandler Homes for sale lately? If you have, there’s a good reason this is happening. More people in this country feel that now is an excellent time to sell a home, especially compared to any time over the last three years. This rise in confidence of selling Chandler Homes has led to more sellers and a rebound of the housing market which is helping to give the economy a boost overall. Troy Reeves notes that his team, the Troy Reeves Team, has been busier now listing Chandler Homes for sale than in recent years. Learn more about this trend in properties across America.

 

Gilbert Housing Market Statistics

 

People Are Ready to List Chandler Homes

During the month of May, 40% of Americans agreed that it was a fine time to try to sell a home. This is a 30% increase from one month prior in April, and a 16% jump from the same month in 2012; this is also the biggest jump in the last three years. Housing prices have jumped over 12% in the month of April, making it the 14th consecutive month of increasing gains in the housing market. A big factor of these increases in the national and Chandler Homes markets has been lower inventory pulling prices up and attracting Chandler Homes sellers to finally list their properties for sale.

 

Buyers Have More Control Over the Chandler Homes Market

What this information shows is that Chandler Homes property owners are starting to feel more sure about selling Chandler Homes in the improving housing market and strengthening economy. Even in comparison to two months ago, the Chandler Homes housing market has shifted gears into more of a buyer’s market now than any time in recent years. Home buyers now have more inventory and selection to choose from and can be more picky without having to wait. On the positive side for sellers, your property is more likely to sell at a better price now than in recent months; there are also more qualified buyers looking to buy as banks are more willing to offer mortgage loans.

 

“by Troy Reeves” at Google

Chandler Homes Are Selling at a Healthy Rate, But Will it Last?

Arizona Housing Market Statistics

People who are selling Chandler Homes or looking to buy Chandler Homes have their eyes closely locked in on the housing market and data coming out about it daily. Many media outlets have officially called the housing market in full blown recovery, while others are still hesitant to call the game. They worry that this trend in Chandler Homes is just that, a trend, and like many trends is volatile. Troy Reeves of the Troy Reeves knows the importance of looking ahead when planning your next Chandler Homes, even though now is great time to buy and sell.

 

Why is the Housing Market on the Rise Now?

There are many solid reasons that Chandler Homes and the housing market are doing quite well at this time. Positivity in the job market and nationwide financial markets has increased consumer spending and lender’s willingness to offer home loans – meaning that qualifying to buy Chandler Homes is easier now than in previous years following the crash.

 

Could this Pattern Change Soon?

Although there is a lot changes for the better are happening, there is still a long road to complete pre-crash recovery. Home prices are still down around 25% of what there were in 2007, which could work to your advantage when buying Chandler Homes. The shortage of homes is a benefit for those who are selling. A recovery from here must be steady and slow to keep this kind of balance that’s creating a booming market. One thing that is going to change soon is the Federal Reserve brining its monetary policy back to normal levels, which will results in interest rates rising an mortgage rates going up.

 

What You Should Do to Sell Chandler Homes

This news promotes the urgency of listing and buying now if you want to make a move in the Chandler Homes market. It’s so difficult to guess where the economy and housing markets are moving next. What we do know is that banks are giving loans now, and people are buying now. A drop in prices is not very likely, and mortgage rates are still low, so buy now if you’ve been waiting for a good time to do so. Sellers are also urged to list Chandler Homes now before builders and new construction are able to catch up with demand.

 

“by Troy Reeves” at Google

Why Some Chandler Homes Get Negative Leads

Gilbert homes for sale

Believe it or not, not all leads are good leads when it comes to selling your property in Chandler, AZ. According to Troy Reeves, founder of the Troy Reeves Team, some Chandler Homes on the market draw in negative leads because of the way the homeowner decides to go about selling their house. Learn about the ways you might be drawing negative attention to your properties for sale in Chandler.

 

There is a Right Way to List Chandler Homes

When it comes to the best way to list Chandler Homes, there is a right way and a wrong way. Listing Chandler Homes on the wrong sites could lead to the wrong kind of attention. Popular sites which offer free listings may seem attractive, but lister beware! When you list Chandler Homes on a free site, you are doing many things wrong. To start, you are listing your home amongst many fake ads created to draw people in for illegal and unsavory purposes (to collect information for identity fraud, scams, etc.). The free sites are also heavily saturated and your postings can easily get lost in a sea of other Chandler Homes. Many of the responses you will get off free sites are also 100% fake and might even open you up to becoming a victim of internet crimes. List your home with reputable sites only.

 

Advertising Chandler Homes the Wrong Ways

 

Much like listing your home the wrong way, you might also be advertising your home in way that’s drawing in people who are only trying to kill time, not buy a house. It may sound like a contradiction, but being too available for showings might attract non-serious buyers and scare off real buyers. To stave off people who are just curious about your floor plan, or snoopy neighbors looking for decorating ideas, make your home available for a virtual tour online. Show your home by appointment only to keep the open house ‘lookie loos’ at a minimum – an appointment will also give the interested buyers an opportunity to get individualized attention from your agent.

 

Why Using a Chandler Homes Agent is Beneficial

 

Professionals like the agents at the Troy Reeves Team are experts in what works and how to get quality buyers to your listings and showings. An agent can advise you on all aspects of the selling of your Chandler Homes, including which tactics you should avoid. Chandler Homes agents also have more pull with qualified leads as they have an earned reputation that both buyers and sellers can trust when purchasing a new home.

 

“by Troy Reeves” at Google

Is the Gilbert Real Estate Market at “Booming” Status?

housing market_gilbert
photo credit http://bit.ly/16p15Gh

A recovering housing market is a sign of a recovering economy and can mean big gains in your Gilbert Real Estate property. It seems like we are hearing positive news every day on the condition of the housing market; according to Troy Reeves, founder of the Troy Reeves Team, now if a great time to sell a home as the market is definitely booming!

 

Why Now is the Hot Time to Sell

According to recent reports and trends in the Gilbert Real Estate housing market, now is the time to think about listing your home for sale. Prices of homes are the highest they have been since the housing market crash and there are many interested buyers on the market today. With people feeling confident about the positive news about the housing market and signs of a recovering economy, buyers are ready to make their move, literally. There is currently an imbalance in the amount of interested buyers and the number of homes on the Gilbert Real Estate market – there are far more buyers than available properties at this time.

 

Builders are Starting New Construction Again

Right now is an interesting time for new construction of Gilbert Real Estate. The construction industry is starting to recover and workers are rapidly rebuilding their crews. Builders are looking to rebuild their businesses and worth in their industry and they are not wasting any time. New construction on homes is starting to pick back up for the first time in years. This means if you wait too long, your listing will be competing with newly constructed homes. Builders are also known for offering better deals and more attractive incentives on homes since they are looking to sell fast and in quantity – this could mean that you will be forced to lower the price of your home if you want to sell quickly once the new construction has caught up to demand.

 

Quick Tips on Selling

Selling your home in the current climate is going to be easier than it has been in the recent years, but a few quick tips could make your Gilbert Real Estate stand out from the rest.

-Post a sign in your yard that’s visible from the road

– Advertise your property for sale on reputable sites

-Use your social media networks to let your connections know you are selling your home

-Let a professional from the Troy Reeves Team take over for the quickest sell!

 

“by Troy Reeves” at Google

Don’t Wait: NOW is the Time to Sell in East Valley!

Due to an unusual shortage in inventory of homes for sale in East Valley, now is the perfect time to sell your home. The Reeves Teams has been watching the Arizona MLS very carefully and we can see that buyers are very active right now and houses are being snatched up. While Troy Reeves believes that the market will continue to grow in East Valley, it will do so at a more manageable rate and buyers will no longer be making knee jerk decisions based on low inventory.

 

Based on our expert projections and by gauging the current market, we do not anticipate there being a better time in the near future to list your property for sale.

 

Get the most money for your home by acting on an extremely ideal situation in the market that has been created by a very specific set of factors – these unique factors are inspiring people to make offers 5-7% above list price. With buyers so ready to purchase a home that they are making those kinds of offers for already inflated prices, your home is a hot commodity right now! Read on to discover why the next 90 days could mean the best offers and quickest sale of your home.

 

Why is NOW so Important?

The urgency to sell now is based off of a frenzy created in the market due to the lowest inventory of homes for sale over the last 26 weeks, and counting. April, May, and June are by far our busiest months for showing homes with May, June, and the beginning of July being our top months for closing. People are getting their tax refunds back and can afford the down payment on a new house – this is something people wait all year to do! Parents are looking to move and get settled into a new community by the time their children go back to school and are not going to wait until the new school year starts to relocate.

gilbert real estate market_listings_2013

 

Why This Year is the Year to Sell

Anyone who sold a home in the 2005-2006 year range remembers a time when multiple offers were being made on homes, and that was during a time when prices were around double what they are now! The situation is very similar in the sense that there are fewer homes for sale than there are interested buyers. Adding to the situation is the fact that there are new six figure industries establishing branches in the area and East Valley is becoming home to several high dollar employment positions – this is helping the median price range of East Valley real estate! With the economy showing signs of stabilization, people are more confident now than they have been since the crash in making important financial decisions.

 

What’s Going to Change in 3 Months? 

What we are going to see very soon is the construction market catching up due to the financial recovery of individuals and businesses. Home builders will start building again very soon and the amount of new homes on the market is going to match or exceed demand. The summer is also a major time for the new home industry since longer working hours allow builders to complete homes in less time. When the new builds catch up to the demand, there will be far less buyers willing to compete with high offers for your home.

 

gilbert real estate market_listings_2013

In three months, people will also be less excited about looking for new homes when they are facing back to school expenses and the approaching holidays once we roll into the fall season. On the other hand, homebuyers do not want to start moving when it is super hot out and prolonged periods loading and unloading moving trucks become dangerous. Sellers have also caught word from the local and national news that the market is coming up and the REO/Bank owned business is on its way down, meaning short sales are not nearly as common as they were this time last year. These factors create a very specific window, and this may be the best year in almost a decade to sell.

 

There’s No Time to Wait

Arizona residents should not wait any longer to list their homes as we believe the window will be closing over the next two months. When the amount of homes listed versus wanted catches up, the market will stabilize and homeowners will find that they have to settle on low ball offers. There’s also no need to hold out on new builds, the Troy Reeves Team can help you purchase a new build at no cost to you! Let us help you get your home sold quickly and at an amazing price, but don’t wait too long or you might miss the best offers for years!

gilbert real estate market_listings_2013

 

“by Troy Reeves” at Google

Checklist for House Hunting for your Gilbert Home

gilbert real estate tips

When you are searching for your new Gilbert home, the items that you MUST have may slip your mind if you don’t bring along with you a checklist.  Not only are there items that you would love to have, but also it is important to note the condition of the house. Some things to keep in mind to have on your checklist are:

 

Area

  • What’s the neighborhood like?  Are there schools nearby, parks, etc.?
  • What are the additional fees that come along with the house?

 

Interior

  • Flooring, windows and ceiling: What condition are these items in and will you need to update them?
  • Appliances: Does the home have all of the appliances that you want?  If it doesn’t, make note of what you will need to purchase.
  • Lighting:  Is there enough natural lighting in the home.
  • Rooms: Are they the size that you are looking for and how may are there?
  • Doors: Make sure they open and close properly and that they are in good condition.  What are the locks like and do they all work?  What about the doorbell?
  • Systems: What condition is the air conditions, security, plumbing, water system, etc. in?
  • Bathroom and Kitchen: Check to make sure the faucets are stain, mildew, mold and leak free.

 

Exterior

  • Roof: Make note of the condition of the roof, will it need to be re-done?
  • Pool: Do you have a pool as a must have?  Be sure to note the condition of it if you do.
  • Siding: What is the condition of the siding of the house?
  • Landscape and curb appeal: Isi the lawn and fence in good condition?
  • Garage: Make sure that it functions and the remote works.
  • Patio/Deck: Are they stable?
  • Pests: Check for signs of infestation of bugs.

 

Make sure to bring a camera as well if you are looking at multiple homes so that you can document and remember certain things about each Gilbert home.  Take a photo of the front of the home each time you get to a new one in order to remember what photos were taken.

 

If you bring along your checklist you will be sure to remember everything you need when you are looking for your new Gilbert home.