Hi again, folks – it’s the Williams-Lang Team of Coldwell Banker reporting in again: Cathy & Tom Williams; Cathy’s son/Tom’s stepson Terry Lang; and April Campbell. As always, if you’d rather NOT get these newsletters, we’ll remove your E-Mail address promptly upon request.
The Fall season is here, and I’m happy to report that we’re still seeing monsoon activity. We really need the rain, of course, so we hope the monsoons will continue for awhile; and we’re also hoping for some decent rain in the next few months. Way back in 1999-2000, we had strong winter rain activity, and the desert flowers that Spring were absolutely spectacular – it would certainly be nice to see that again.
The summer went well for us, although the market remains in the doldrums, with Average and Median Sales Prices showing significant declines this time (see below). We’re doing well as a team, though: we’re one of the top teams in Green Valley in terms of both dollar volume and unit sales, which is nice, and Terry and April continue to do extremely well. They’ve significantly expanded our presence on the internet, where almost all Buyers look when they start their processes, plus they’ve enhanced our website: clicking on either www.cathytom.com or www.williamslang.com gets you in, so please take a look at it, and we’d love to hear your comments. As you’ll see from the website, and also from the information below, we now have 22 excellent listings, plus we have several more transactions in escrow awaiting closing dates. This means we’ve never been in a better position to have an excellent winter - thanks very much to all of you, and we sincerely appreciate your interest and consideration!
Here’s a summary of the sections in this newsletter: SECTION 1 – market update with statistical data; SECTION 2 – our listings; SECTION 3 – summaries of 14 rentals owned by clients of ours; SECTION 4 – a recommendation that folks consult with us if they’re interested in buying a newly built home; SECTION 5 – current interest rates, which are low, low, low.
1.) And now to the numbers, which were calculated effective September 28, 2011: PER THE GREEN VALLEY ASSOCIATION OF REALTORS DATABASE, THE AVERAGE PRICE FOR HOMES SOLD BETWEEN 11/1/2010 AND 9/15/2011 HAS DECREASED AGAIN – SUBSTANTIALLY - SINCE LAST REPORT. As a result, I’m going to have to eat crow: last report I was pretty confident we had reached market bottom, but the Average Sold Price decline this time is 3.70%, and that’s a big number. To make things worse, the Median Sold Price also declined, this time from $151,000 to $145,000, which is 3.97%. Consequently, the crow tastes bad, and no other conclusion can be made except: WE MAY NOT BE AT MARKET BOTTOM YET, although I’m still hoping we’re close. There is a glimmer of hope in the number of homes sold this report, THOUGH: it went up substantially, so clearly Buyers continue to snap up bargains: last report it was 700 residences sold; this report it’s 744, which is an increase of 6.29%. This increase, coupled with the fact that the number of homes for sale has remained relatively stable (715 this report vs. 720 last time) tells me the market may not decline much further: if the number of homes sold increases, and the number of homes for sale remains about the same, this should result in increased demand and higher prices. As we always say, the numbers rule, so we’ll just keep reporting them, and time will tell.
A.) THE NUMBER OF HOMES SOLD HAS INCREASED SUBSTANTIALLY since JULY: this report it’s 744 vs. July’s 700, which is a 6.29% increase. Further, this increase is on top of the 11.29% increase in homes sold reported in July, and both of these are large numbers;
B.) AS STATED ABOVE, THE NUMBER OF HOMES FOR SALE HAS REMAINED ABOUT THE SAME SINCE JULY: this report it’s 715 vs. July’s 720.
So again, the Average and Median Price decreases tell me we could see continued market decline. Even so, as I’ve said repeatedly in the past several reports, RIGHT NOW IS A GREAT TIME TO BUY GREEN VALLEY/SAHUARITA PROPERTY. The reasons for this still optimistic outlook have changed a bit, though – while I’m not pessimistic about the economy, I am concerned about our current economic troubles, especially as the childish Congressional squabbles about deficit reduction continue ad nauseum. Whatever, here are the reasons, except the one about a rosy economic outlook:
A.) THE NUMBER OF BABY BOOMER BUYERS CONTINUES TO INCREASE – by 10,000 PER DAY IN THE U.S. as of 1/1/11 – as stated above, they’ve been much more hesitant to buy than anticipated, but there’s obvious strength in numbers here;
B.) Green Valley itself is becoming more well known nationally and regularly gets rated as one of America’s best places to retire;
C.) EASTERN US/CANADA BUYERS are more frequently opting for retirement in Arizona vs. the Southeastern US, which has high humidity, congestion, high home insurance rates and hurricane susceptibility;
D.) THE DRY GREEN VALLEY/SAHUARITA CLIMATE’S WARM DAYS AND COOL NIGHTS are very appealing to retirees;
E.) HOUSING PRICES HERE ARE COMPETITIVE with other prime retirement areas;
F.) EVENTUALLY, DEVELOPERS WILL RUN OUT OF ROOM TO BUILD IN GREEN VALLEY PROPER – we think by 2016. This means the attractiveness of Green Valley itself vs. surrounding areas should positively impact GV housing prices because almost all GV homes are eligible for Green Valley Recreation Membership, which is valuable.
As mentioned, THE NUMBER OF HOMES SOLD THIS TIME IS 744, WHICH IS A SUBSTANTIAL INCREASE FROM THE 700 REPORTED IN JULY. Prices remain low, however, and with more contracts being written, Buyers are obviously snapping up bargains.
Below are the numbers. Please note that the 1st set was reported in July; the 2nd set was obtained as of 9/15/2011, and is a ROLLING AVERAGE that’s compared to July:
JULY’S REPORT: RESIDENCES SOLD BETWEEN 9/1/2010 AND 7/13/2011
NUMBER SOLD: 700 – UP 71 FROM THE 629 REPORTED IN THE PREVIOUS (APRIL) NEWSLETTER;
AVERAGE NUMBER OF DAYS ON THE MARKET: 173 – UP 1 DAY FROM APRIL;
AVERAGE SALES PRICE: $166,167;
% DECREASE FROM APRIL’S REPORT: .93%;
MEDIAN SALES PRICE: $151,000 – AN INCREASE OF $4,000 (2.72%) FROM APRIL’S REPORT
TODAY’S NEWSLETTER NUMBERS: RESIDENCES SOLD BETWEEN 11/1/2010 AND 9/15/2011:
NUMBER SOLD: 744 – UP 6.29% FROM THE 700 REPORTED IN THE JULY NEWSLETTER;
AVERAGE NUMBER OF DAYS ON THE MARKET: 179 – UP 6 DAYS FROM JULY;
AVERAGE SALES PRICE: $160,026;
% DECREASE FROM JULY’S REPORT: 3.70% - SUBSTANTIAL;
MEDIAN SALES PRICE: $145,000 – DOWN $6,000, OR 3.97% FROM JULY’S REPORT – AGAIN, SUBSTANTIAL.
It’s important to emphasize that the numbers have fluctuated IN BOTH DIRECTIONS over the past 7 reports – we’ve reported 3 INCREASES in Average Sold Prices and now we’ve reported 4 DECREASES, counting today’s – as a result, I’m not going to try to predict where the numbers will go next time, although I still believe that once we hit bottom, the numbers will scrape along there for awhile, and then gradually start to rise. In short, we’re saying – again – even if we’re NOT at market bottom now, I think we’re close, so of course: IT’S A GREAT TIME TO BUY A GREEN VALLEY/SAHUARITA HOME.
Finally, since last report the PERCENTAGE OF PRICE REDUCTIONS ON HOMES FOR SALE HAS DECREASED AGAIN – July’s number was 45.14%; this report it’s 43.01%, so for the second report in a row, Sellers didn’t feel the need to reduce their list prices quite as much. 43% is still very high, of course, so although Sellers are being forced to accept lower offers in order to sell their homes, the news in this category isn’t quite as bad. There were a total of 4 price INCREASES on homes currently for sale – a decrease of 1 from last time.
2.) We NOW have 22 OUTSTANDING listings – UP 5 FROM LAST REPORT – AND WE HAVE SEVERAL MORE PENDING. Although the number of our listings is up, we sold several over the summer, plus we have six properties currently in escrow pending closing dates. As mentioned, we’re very well positioned to have an excellent winter, and to see more details, including photos, on each of our listings please click on our website url: http://www.cathytom.com and then click on the “Our Featured Listings” tab. Here are brief summaries:
WE HAVE 11 EXCELLENT NEW LISTINGS:
A.) CANOA ESTATES BEAUTY WITH excellent MOUNTAIN VIEWS - 3471 S. Via De La Ramita is an exceptional 1746 Sq’ home with 2BR/2BA/Den/2CG. The kitchen boasts new Corian counters and stainless steel appliances, while the living room has southwest charm with a beehive gas FP, vaulted ceilings and beautiful ceramic tile. The furnace/central AC was replaced in 2011, and you’ll love those great mountain views from inside and from the spacious, private backyard/patio. Priced to sell at only $250,000, this one’s a bargain!
B.) golf course and mountain views in desert ridge – Here’s a beautiful, 2215 Sq’ home overlooking the Desert Hills Golf Course’s 2nd hole and the Santa Rita Mountains – ABSOLUTELY BREATHTAKING! The views from the LR, DR, MBR and covered back patio are terrific; there’s also beautiful tile in the kitchen, entry and hallways, newer carpet in the living area, bedrooms and den, and there’s an expanded 2CG with a great workbench. In superior condition, 791 Desert Ridge Drive is priced at only $275,000 – don’t miss this one!
C.) 2083 SQ’ BARCELONA MODEL IN CANOA CANYON ESTATES - On a large, 1/3 Acre parcel in Canoa Canyon Estates, 1391 Petirrojo offers privacy and outstanding mountain views, inside and out. Security shades keep utilities bills down and the home is in excellent condition. It’s near a golf/walking path for easy access to the Canoa Rec Center, and has 2BR/2BA, a large multi-purpose den, an expanded 2CG and granite counters in the baths. Priced extremely well at $245,000, this is another terrific value: great property!
D.) EXCELLENT INVESTMENT OR MOVE-IN TOWNHOME IN THE SPRINGS - This attractive 2BD/2BA/1106 Sq’ TH is located near the beautiful Springs Rec center and its very pleasant
walking trails. It has an open floor plan, ample natural light, a covered back patio for relaxing and a nice back yard with attractive desert landscaping. It’s fully furnished and ready to rent OR MOVE INTO, and has a handy laundry room, a 1CG and security screens front and back. Priced at only $130,000, 3866 Golfista may not last long!
E.) ANOTHER GREAT TOWNHOME IN THE SPRINGS - This beauty is a bit larger at 1301 Sq’ and has a nice 2 Car Garage, 2BR/2BA and a functional split floor plan. There’s attractive tile and carpet in the living area and bedrooms, tasteful Southwest décor, and much of the furniture is available via separate bill of sale. In excellent condition, it has a beautifully landscaped yard with Santa Rita Mountain views from the back patio and living room. Also near the Rec Center, 3717 Camino Comica’s price is only $165,000;
F.) YET ANOTHER SPRINGS BEAUTY!! – I guess this is our time for new listings in The Springs, right? Soak up Southwestern charm in this cute, well maintained 696 Sq’ 1BR/1BA townhome. It’s an excellent spot for winter visitors or year round sun seekers, and it features a one car garage, washer, dryer and a pleasant front courtyard for great relaxation. 3740 Paseo Del Nardos is well priced at only $80,000, and could be a great rental/investment property, as The Springs is terrific for investment Buyers.
G.) 1363 Sq. Ft. 2BD/2BA southwestern home in Country Club Vistas – 891 Camino De Luz is in excellent condition. Conveniently located near the GV Library and White Elephant Store, there’s neutral carpet in the large living area, and the fenced back yard has low maintenance landscaping and a nicely sized covered patio. Most furniture is available via SBOS, and the carport has a convenient storage closet. The recently recoated roof has a 3 year warranty – here’s an excellent value at only $115,000!
H.) Attractive Rainbows Edge Model in San Ignacio Vistas II – This beautiful 1959 Sq’ home has a welcoming entry, a formal Living/Dining area, 2BR/2BA + a large, comfortable Den and a nice Open Floor Plan - great for entertaining! There are mountain views both inside and out, a spacious 2CG, a large laundry room with storage cabinets and utility sink off the kitchen and the beautiful furniture is available via separate bill of sale. Priced well at $240,000, the 4707 Piccadilly Sellers would love to see an offer!
I.) here are two wonderful villas WEST UNITS:
1. 474-A la canada - Well maintained and charming 2BR/1BA, 696 Sq’ end unit villa in the second row of units off La Canada. This villa features a gas stove, a washer/dryer room off the back patio and a very pleasant front courtyard. The condo has easy access to parking and is surrounded by beautifully mature common grounds. Bonus: there’s a $1500 credit for new flooring of your choice, so here’s an easy care property in the heart of Green Valley: just $69,800!
2. 124-a La Canada - Looking for a very affordable, easy to care for retreat in Green Valley? Consider this clean, well cared for 1BR/1BA end unit near a pool, laundry room and restaurants/shopping. Enjoy the beautifully manicured grounds and amenities of Villas West along with all that Green Valley Recreation (GVR) has to offer. This villa is 588 Sq’ and features a cozy great room, and The furniture is included in the competitive price of only $50,000 – can we talk??
J.) RIO RICO: LAST NEW LISTING, BUT DEFINITELY NOT LEAST - Enjoy stunning 270 degree mountain views high UP ON A HILL from this gorgeous 2187 Sq’ home on a 1+ Acre lot at 303 Magnifico – appropriate street name, and this one’s a Must See! Custom Built in 2006, it has 18” tile, southwestern decor, a 30’x18’ AZ room, 3BR/2BA/2CG+den, and 3 patios: one for each 90 degrees of view! There’s also a Jacuzzi, executive height dual sinks, and the kitchen has knotty alder wire brushed cabinets, dual sink, breakfast bar and plenty of counter space. The wood burning FP highlights the great room, and there’s a 20’x42’x15’ RV barn with drain/electricity. The best part is the price: Only $269,000.
HERE ARE 11 ADDITIONAL GREAT HOMES FOR SALE:
A.) 573 MAZATZAL IN LAS CAMPANAS – You’ll be very impressed with this Moonlight model! 1431Sq’ provides a functional, open layout with 2BR/2BA/2CG PLUS Den. Better than new, there’s beautiful neutral tile throughout, attractive window coverings and warm finishes. The kitchen has a breakfast nook with mountain views, Corian counters, Black GE Profile appliances and versatile maple cabinetry. Enjoy relaxing in the screened-in front and back patios, and the price is very attractive at only $168,000!
B.) FABULOUS MOUNTAIN VIEWS IN ELEPHANT HEAD – Enjoy spectacular Santa Rita Mountain views from this 10 Acre parcel! The property has a single wide mobile home, private well, two septic systems and is entirely fenced, and the home was manufactured in 1994, so it’s in decent condition. The owner would like to sell the property intact but will consider a lot split if 5 acres would suit your needs more appropriately. Priced at only $200,000, 1630 Dove Way could be a great place to build the custom home of your dreams!
C.) 2195 SQUARE FEET IN LOVELY QUAIL CREEK! 1958 Orchid Lane is an attractive 2195 Sq’/2BR/2BA/2.5CG+Den home with some mountain views, located in the lovely, gated Quail Creek golf community. With stainless steel appliances, cherry cabinets, colored concrete countertops, island, nook and built in desk area, the kitchen is both functional and attractive. There are custom built-ins in the dining area, office and MBR, and the covered patio has outdoor fans for enjoying the water feature and foliage. A NICE VALUE AT ONLY $325,000!
D.) PRICE REDUCED IN SAN IGNACIO VISTAS 2 - This nice home at 1941 W. Vista Ridge Drive is in good condition. It’s a 1269 Sq’ San Felipe Model and has 2BR/2BA/2CG with a beautiful screened-in porch, tile roof and newly painted (2009) exterior. There are mountain views from the back patio, which abuts a beautiful, large common area, and it’s well priced in an attractive area. The master suite has a roomy walk in closet, the split floor plan provides privacy for guests, and the price has been REDUCED TO ONLY $135,000!!
E.) ANOTHER PRICE REDUCTION IN DESERT HILLS 2 - This home on a quiet road overlooking the Desert Hills Golf Course is 1192 Sq’ with 2BR/2BA and a one car carport. The cabinets are in good condition and many of the fixtures have been updated. Enjoy the courtyard and the excellent screened in porch/private, quaint back yard with fruit trees, or the golf course views from the attractive living room. Furnishings are available on separate bill of sale, and 1311 Altamira’s price has been reduced to only 99,000!
F.) GORGEOUS GOLF COURSE HOME ON ABREGO - This 1760 Sq’ custom home at 1411 North Abrego is just off the 5th tee of the CCGV golf course. With 2 spacious BR’s and storage galore, it has stained glass windows, custom display shelving and a nice combination of hardwood and neutral tile flooring. The automatic sunshades allow for year round use of the covered back patio; the spacious Den, which is off the MBR, has views of/access to the backyard – AND THE PRICE IS NOW only $179,900 – EXCEPTIONAL VALUE!!
G.) PRICE REDUCED ON OUR GORGEOUS CONDO IN DESERT HILLS CASITAS! - This END UNIT, FULLY FURNISHED 1BR/1BA, 587 Sq’ Desert Casita with covered parking has breathtaking mountain views over the desert from the living room and back patio. The home has tile floors throughout, a recently coated roof and a new heating and cooling unit. The property is perfect for a winter retreat or investment, and the price for 1477 DESERT HILLS DRIVE IS ONLY $100,000 – A WONDERFUL OPPORTUNITY!
H.) OUTSTANDING VALUE IN THE GREENS - Located only a short walk away from the Torres Blancas Golf Course, 647 One Wood Place is the Popular 2BR+Den/2BA 1910 Sq’ Riviera Model. The home has a large great room with vaulted ceilings, and it’s in wonderful condition: fresh paint, cathedral ceilings, tile everywhere except in the newly carpeted Bedrooms, and a tile roof. There’s also a beautiful covered back patio with a built-in gas BBQ and excellent mountain views. AND THE PRICE IS NOW ONLY $249,000!;
I.) PRIVACY IN SAN IGNACIO RIDGE - High up at 2143 Nuevo Leon, this lovely 2508 Sq’ 2BR+Den-2BA-Expanded 2 Car Garage home looks over the SI Golf Course’s 13th hole to spectacular views of the Santa Ritas. There's a large living/dining room with a wraparound gas FP, and the MBR suite has a convenient door to the spacious and beautiful back patio, which emphasizes those great views. Wonderful for entertaining, this well maintained home’s price is now A LOW, LOW $300,000 – ONLY $119.57/SQ’!
J.) EXCELLENT, WELL-MAINTAINED 2BR, 2BA, 1287 SQ’ HOME WITH A 2CG IN THE SPRINGS. 3789 Comica has very attractive front and back patios, and the spacious back patio has two sections: great for entertaining! The split floor plan provides privacy for guests, and the Great Room design means people in the kitchen easily interact with people in the living/dining room area. There’s tile in the traffic areas and new carpeting, plus the price IS only $156,000/$130/Sq’ – one of the lowest in the subdivision!
K.) 433 ELKHORN IN CANYON VIEW ESTATES: PRICE REDUCED AGAIN! - Need a home, some furnishings and MAYBE a NICE car? This beautiful 1168 Sq’, 2BR/2BA TH has an extended, insulated 2CG and cozy back yard. Some furnishings and a 1995 Saturn are available via Separate Bill of Sale, plus the kitchen has a nice breakfast nook and bar. The MBR has a walk in closet and bay window – light/bright! With NO GVR, Canyon View has a lovely rec center, pool and spa, and THE PRICE HAS BEEN REDUCED TO ONLY $110,000!
3.) RENTAL SECTION: Cathy, Terry, April and I are helping a growing number of our valued clients with homes for rent. They’re listed below, and if you or anyone you know has interest in renting a property, either later this year or next winter, please feel free to contact these owners directly. WE’D APPRECIATE IT IF YOU’D TELL THEM YOU GOT THEIR NAMES FROM US:
A.) AVAILABLE BEFORE 01JAN12 - 2751 Calle Morena in Desert Hills II: OUTSTANDING 2BR+Den-2CG+Golf Cart Garage, 2200Sq’, Mtn and Golf Course Views, 55Yrs Old+ Area, Green Valley Rec, 3 golf courses within 3 mi, good shape. $1950/Mo., Winter months; $950/Mo., year-round. Call or E-Mail Norm Nelson, 520-625-6888; normn@cox.net;
B.) Immaculate 2,000 square foot single family home in the High Pointe subdivision – 2 full bedroom suites, each with its own bath, open floor plan, gas fireplace, back patio barbeque grille, close to Homeowners Association Swimming Pool and cabana, Green Valley Recreation membership – contact Bob Tappe, owner: vintage049@aol.com;
C.) Very nice single family home in the Desert Creek subdivision – 2BR, 2BA, gorgeous mountain views, built in 2003, large lot, 2 car garage, good condition, gas fireplace, open floor plan. Address is 1560 Tubertama - contact owner Glenn Morgan, golfmorgan@yahoo.com;
D.) Cute, 1189 Square Foot, 2 bedroom, 2 bath Townhome in Desert Hills III, furnished with outstanding Santa Rita Mountain Views off the back patio. Well maintained inside, 1 car carport, very nice curb appeal, popular area near large rec center, elks club, convenience store. Contact Owner Jeff Frider, jpfrider@cableone.net;
E.) Very nice 1348sq’, two bedroom plus den, 2 Bath Townhome, furnished with a 2 car garage in The Springs. Very near a major Green Valley Rec Center, which has tennis courts, a large swimming pool and meeting/hobby rooms. Contact Owners Dee and Tom Tschetter (pronounced like cheddar cheese): 520-399-9451; tjtschetter@yahoo.com;
F.) 1100 Sq+ Single Family Home in Desert Meadows I. Nicely decorated, 2 bedrooms, 2 baths, nice front and back yards, single car carport. Contact Owners Eric and Debra Hueftle (heft-lee), ehueftle@aol.com, (303) 369-8372;
G.) Very attractive, cozy, 650 square foot, 1 bedroom, 1 bath Casita with gorgeous mountain views in Desert Hills Casitas. Assigned covered parking, tastefully furnished, very nice. Contact Owner Ruth Whitaker, (520) 393-6695;
H.) Another beautiful 650 square foot, 1 bedroom, 1 bath Desert Hills Casita with ABSOLUTELY GORGEOUS MOUNTAIN VIEWS – also tastefully furnished with assigned covered parking – contact owner Cece Gunton, cgunton@cox.net; (520) 399-1151;
I.) Completely redone 2BR, 2BA townhome in the heart of Green Valley, only a few steps to a beautiful swimming pool. Brand new HVAC-flooring-windows-counters-cabinetry-washer-dryer-dishwasher: just a gorgeous, completely furnished residence. Contact Cece Gunton cgunton@cox.net; 520-399-1151;
J.) SPECTACULAR UNOBSTRUCTED MT. AND GOLF COURSE VIEWS!! Beautifully decorated 1600 Sq’ 2 Bd, 2 Bath plus den split floor plan Townhouse with 2 car garage in 55+ gated community (4041 S. Wolf Run Road - The Springs) close to a paved walking path and near major G.V. Rec center. Call 520-393-1990 or E-mail Dickenma@aol.com for details.
K.) A very nice 2 bedroom, 2 bath plus den home with a 2 car garage and nice mountain views in Canoa Seca Estates. This home is in excellent condition, and Canoa Seca Estates is well located near a large Green Valley Recreation Center toward the Southern End of Green Valley. Contact Owners Barry and Sarah Londer: barleelon@aol.com;
L.) 337C Paseo Lobo – Very nice, furnished one bedroom condo in Villas East. Looking for year-round or winter tenant. 50% off first month rent with the signing of a 12 month lease. Please contact owner Kathleen Baker at kb1094@aol.com or phone 970-231-6345;
M.) Totally Remodeled 1750 Sq’ Townhome on the 7th hole of the Country Club of Green Valley with mountain views and your own pool. Contact owners John and Florice Lietzke at (970) 531-3444 or e-mail jflietzke@gmail.com for more information and website with details and 17 photos;
N.) Available year around! Recently refurbished 2BR+den. 1956 Sq’, two car garage, gated community, 55+ restriction, mountain views, golf course nearby. Covered patio facing SE is perfect place to relax year around. Furnished or unfurnished. Rent depends on length of lease/whether furnished or unfurnished. 406-370-2943; hamper_pete@yahoo.com (hamper_pete).
4.) AS WE ALWAYS SAY, IT PAYS TO LET US HELP IF YOU DECIDE TO BUILD A NEW HOME. Developers DO NOT CHARGE BUYERS MORE WHEN THEY’RE REPRESENTED BY REALTORS, and we’ve had great success working with new home Buyers by ensuring upgrades are installed properly, identifying/correcting building irregularities, etc. In short, we make the building process work much more smoothly, SAVING BUYERS TIME AND MONEY, and we’d love to help you, too.
5.) INTEREST RATES HAVE DECREASED – AGAIN - BY .625 (5/8THS) OF 1 PER CENT since last report and are ARE EXTREMELY ATTRACTIVE. As of 10/06/11, per our friends Rob and Evie Sanchez of Coldwell Banker Mortgage Company (520-370-6914; rob.sanchez@mortgagefamily.com; Website: http://robsanchez.coldwellbankerhomeloans.com), the current fixed rate for a 30 Year Mortgage is 3.75% with a one per cent loan origination fee – I’ve never reported them lower, and here’s an example:
Sales Price: $200,000;
$40,000 (20%) Down Payment;
Loan Amount: $160,000;
Interest Rate: 3.75%;
MONTHLY PAYMENT (PRINCIPAL AND INTEREST ONLY): $741.00.
THAT’S ALL FOR THIS TIME. Questions/comments please let us know – one of us is available just about all the time - and thanks again! – Tom, Cathy, Terry and April.
