PRICE REDUCTION IN NORTH SCOTTSDALE

PRICE REDUCTION ON THIS BEAUTIFUL SCOTTSDALE HORIZON HOME. MLS# 4253460. 5 BEDROOM, 3BATH HOME IN SCOTTSDALE REDUCED TO $ 348,000. NOT A SHORT SALE OR FORECLOSURE, PRIDE OF OWNERSHIP PREVAILS IN THIS GREAT HOME. CALL ME TODAY FOR MORE DETAILS!

JEANNINE 480.353.8231 WWW.JEANNINEMONA.COM

Luxury Market Hardest Hit! Great Buys!!

Daily Real Estate News | October 12, 2009 | Share
Foreclosures Hitting Pricier Markets Harder
Foreclosures have worked their way through modest neighborhoods and are now hitting higher-priced markets.

Data from Zillow.com suggests that foreclosure rates are rising for homes in the top-third of housing values, while the bottom-third of housing now accounts for 35 percent of foreclosures, down from 55 percent in 2006.

The rising number of foreclosures among more expensive homes mirrors the increase in foreclosures among prime borrowers. More than 58 percent of foreclosure starts in the second quarter were prime loans, up from 44 percent in 2008, according to the Mortgage Bankers Association. Subprime mortgages accounted for one-third of foreclosures, down from half the previous year.

Foreclosures are unlikely to level out until late in 2010, says Stan Humphries, chief economist for Zillow.

CHECK MY WEBSITE FOR LUXURY FORECLOSURED HOMES!CLICK ON THE FORECLOSURE BUTTON @ WWW.JEANNINEMONA.COM

Did You Know? DONT WAIT TILL WEHIT BOTTOM TO MAKE A PURCHASE

BUYER'S WAITING FOR THE BOTTOM TO DROP WITH PRICING BEFORE MAKING A PURCHASE- DONT BE MISLEAD. FOR EVERY 1% INTEREST RATES INCREASE, YOUR HOME PRICE HAS JUMPED 9%. (ASSUMING AN 80% LOAN) DON'T WAIT.........INTEREST RATES ARE LOW , HOME PRICES ARE LOW. BEST RATES SINCE 1972!!

CALL ME TODAY-480.353.8231

Go Down In History As A Winner!

A Historic Time to Buy
Young people just starting to invest and buying their first homes are potentially the winners in this recession.

First-time homebuyers, most between the ages of 25 and 45, accounted for about 45 percent of home sales from January through July 2009, according to the National Association of REALTORS®

"This is a historic time," says George Jaramillo, a 35-year-old business analyst in Atlanta, who recently bought three homes, two of them foreclosures. "It's a great opportunity to make some great gains in the future."

A study by investment company T. Rowe Price points out that investing when prices are low can result in amazing gains. For instance, between 1970 and 1990, the annualized rate of return for the S&P 500 was 11.5 percent.

"We need to be shouting from the rooftops that this is not the time to get out of the market if you're young," says Christine Fahlund, a senior financial planner with T. Rowe Price. "This is the time to be in the market."

Source: The Associated Press, Chip Cutter (10/05/2009)

The Market

How many people are wondering what is going on with the housing market?
There is good new to report!! The housing market is slowly starting to rebound. The number of units are up and our monthly sales reflect those dating back to 2005. 54% of all sales were distressed properties. REO inventory is down especially in the lower end market. Banks are becoming more responsive to short sales and the number of closed short sale units are up. REO sales are closing relatively close to list price.

RL Brown, a leading spokesperson in the Valley has been quoted as saying that the market has bottomed out earlier this year. If you are thinking of making a purchase, DONT WAIT!!

Outstanding opportunity in Scottsdale

5 Bedroom, 3 bath home in Scottsdale located near McDowell Mountain Aquatic Center. This is an amazing opportunity to live in a highly desirable neighborhood and purchase sq. ftg. for such a great price. $ 375,000.00 mls # 4253460
Call me today! Jeannine 480.353.8231

Can you help out a friend?

Do you know someone that would like to purchase a home? If so, there are a few new programs on the market designated to get prospective homeowners info for foreclosed properties. One program is cslled Your Way Home AZ. The benefit with YWHAZ is when purchasing a foreclosed home, you may be eligible for an interest free no monthly payment laon for up to 22% of the homes purchase price. The biggest factor in thiss program is that if you stay in the home long enough, the loan is forgiven. (5 years for $15,000 or less borrowed; 10 years for $15,001 to $40,000; and, 15 years if over $40,000). The maximum first mortgage amount is $246,250 (FHA Maricopa County limit).

First time buyers tax credit:

The American Recovery and Reinvestment Act of 2009 authorizes a tax credit up to $8,000 for qualified first time home buyers purchasing a principle residence before 12/01/09. The tax credit is equal to 10% of the homes purchase price up to a maximum of $8,000. The income limit for qualification is $75,000 for single tax payers; the limit is $150,000 for married taxpayers filing a joint return. Please call me for more inormation at 480-353-8231 or email me at jeannine.mona@russlyon.com

common color mistakes

WHAT NOT DO TO:
1. DON'T TRY A PICK A COLOR BASED ON A FAVORITE OBJECT- IF YOU WANT THAT FAVORITE OBJECT TO STAND OUT-CHOSE A COMPLIMENTARY COLOR OR GO A SHADE OR TWO LIGHTER OR DARKER.

2. DON'T SETTLE FOR WHITE OR CREAM BECAUSE IT'S SAFE- THIS IS WHEN YOU NEED TO PICK UP THE PHONE & CALL. REMEMBER THAT WHITE, GRAY AND BEIGE COME IN MANY SHADES AND TONES.

3. DON'T USE THE LITTLE SAMPLE FROM THE PAINT STORE TO MAKE A MAJOR DECISION- WRONG, WRONG, WRONG. SPLURGE AND PURCHASE A QUART AND TRY IT ON THE WALL. YOU WILL WANT TO CHECK THE COLOR AT NIGHT AND DURING THE DAY.

4. CHOSE A COLOR THAT IS APPROPRIATE FOR THE SPACE-WARM TONES MAKE PEOPLE FEEL GOOD. REDS,WARM PLUMS AND RUSTY GOLDS LOOK SUPER IN A DINING ROOM. COOL COLORS MAKE PEOPLE FEEL CALM AND MORE RESTFUL.

THINK CAREFULLY ABOUT COLOR AND HOW YOU WANT TO FEEL IN A GIVEN SPACE. CALL ME FOR A COLOR CONSULTATION @ 480-353-8231

Beautifully appointed Scottsdale Ranch Home

Opportunity to live in Scottsdale Ranch in the subdivision of Mountain View Place. Neighborhood boasts minimum lot size of 10,000 sq. ft. and has no two story homes. Each home in this area is very private, this home is situated on 1/3 of an acre. Updated in everyway, please call Jeannine today to view this home or for more information!

INTRODUCING A BEAUTIFUL HOME

EXQUISITE FORMER MODEL HOME IN MOUNTAIN VIEW PLACE 2
MLS# 4159509
Virtual Tour - http://www.tourfactory.com/501016
$ 699,000 2919 sq. ft. 4 bedroom , 2.5 bath home
CALL ME TODAY! JEANNINE @ 480-353-8231

WAYS TO SELL YOUR HOME QUICKER

HOW TO MAKE YOUR HOME LOOK LIKE A MODEL


1. Move it.

Simply rearranging the furniture can reenergize a room. Add and remove furniture, lamps, rugs, and accessories from other parts of the house to create a whole new look. Mirrors are particularly useful when it comes to updating a room. Try one out in different rooms to see where it fits best. Even just moving a mirror to a different wall can create a more welcoming feel.

2. Plant it.

Houseplants are a generally undervalued design component that can add texture, warmth, and color to any room. Just drop plants in their store containers into decorative planters. Small plants can be moved easily and regrouped to change a room's look, while larger ones make a statement on their own.

Group plants of differing heights, fullness, and color for the most dramatic effect. Jettison the scraggly specimens, Westman says. "It's important to have plants that are well maintained and in tip-top condition."

3. Paint it.

Paint is one of the easiest and most cost-effective ways to make a substantial change. Use dramatic colors in powder rooms and dining rooms, and more neutral colors in living spaces. When selecting colors, "be sure to ask, 'What am I trying to do? How do I want this to feel?'" Birdsong says. "And always, always do a test before you paint the whole room."

4. Organize it.



"Clutter just happens," Birdsong says. "So neaten up!" She advocates a variety of organizing tools to make a space feel polished while maintaining utility. Hooks and shelves inside the door give people a place to hang coats and keys, while canvas bins or natural baskets help contain magazines and mail. "Just a row of hooks preattached on a board is so easy to install," she says. "And shelves are a great way to neatly display collectibles."

5. Hide it.

Have a banged-up wall? It may be easy to camouflage. Paintable wallpaper (available for as little as $16/roll from Creative Wallcovering) will smooth out an uneven wall or hide minor dents and dings. Adventurous home owners can even try a simple two-step painting process for a more complex finish. Birdsong suggests applying a solid base coat, then a glaze.

"These days, it's pretty user-friendly," she says. Caution: Your intent should never be to mislead buyers; be sure to disclose flaws that would affect home value.



6. Replace it.

Cabinet handles, switch plates, and other small pieces of housing hardware can update a home for just a few dollars a piece. Westman suggests scanning each room to see what looks worn or outdated and then replacing it. Inexpensive quick-connect faucets can make upgrading the look of your bathroom a snap. Just be sure to measure before you go to the hardware store. Some sinks are drilled for an eight-inch spread. Others require just four inches.

"And don't forget the toilet seat," adds Westman. "Fresh towels and a new toilet seat go a long way toward making a bathroom feel clean and new."


7. Light it.

Lighting can have a major impact on a home's look and feel. Whether a room seems dark or too bright and harsh, try "layering" the lighting by adding accent pendants and lamps. Make sure they have independent controls, so that you can turn them on and off at will.

"Light is such a mood setter," Westman says. "You can create a cozy feel just by turning down the lights." Add dimmers in the dining room, bathrooms, kitchen, and even the hallways for less than $4 each. Then adjust the lighting to create the mood you want.

8. Clean it.

Turn a critical eye to the flooring to make sure it's up to snuff. Scrub grout and seal natural stone. Rub out scratches and nicks on wood floors with scratch cover. "Get down on your hands and knees and detail the floors," Birdsong says. "It takes a little elbow grease, but the results are well worth it." Vinyl flooring is a bit harder to spruce up but usually can be replaced easily and inexpensively.

HOME BUYERS IN AVONDALE TO GET FINANCIAL ASSISTANCE

'Home buyers may be eligible for financial assistance on lender owned properties in Avondale. The program can provide up to $ 30,000 for down payments, up to $ 5,000 for closing costs and up to $ 45,000 in repairs. Monetary assistance will be provided in the form of no-interest due-on-sale loans which must be repaid when the home is sold. Avondale invites prospective Buyers to find out more information by calling Housing Our Communities at 480-649-1335 or Avondale's Department of Neighborhood Family Services, 623-333-2700." as quotedin the Arizona Republic 3/18/2009 David Madrid

GOLF IN ARIZONA

THE BEST KEPT SECRECT IN ARIZONA.......QUINTERO GOLF COURSE

Real Estate Tid Bit!

SELLERS SOMETHING TO KEEP IN MIND...............

YOUR PROPERTIES SHOWINGS ARE A DIRECT INDICATOR OF MARKET ACCEPTANCE ON PRICING. NO SHOWINGS MEANS YOUR PRICED TOO HIGH. FEW SHOWINGS MEAN YOUR REASONABLY PRICED. REGULAR SHOWINGS AND NO OFFERS MEAN YOUR STILL PRICED TOO HIGH. A SIGNIFICANT NUMBER OF SHOWINGS AND ONE OR MORE OFFERS MEANS YOUR PRICED CORRECTLY. DON'T DELAY IN MAKING YOUR HOME THE NEXT BEST BUY IN THE NEIGHBORHOOD!

Are Homes Selling?

Are Homes Selling?
Short answer: Depends on where you look.


On the plus side for Arizona, while the National Association of
Realtors index of pending home sales was down in almost every
region of the country, it was up in the West. Clearly, foreclosed or
bank owned properties continue to fuel robust sales, while putting
downward pressure on the market value of all surrounding properties.
Estimates are that 30% of Arizona homeowners are 'upside down'
(negative equity). We expect this trend to continue. Translated, this
means that if you are inclined to sell, you may do better sooner than
later!

In the Valley, home sales are tracking at roughly 5,000 sales per
month. Specifically, January 2009 MLS sales were 4,792 versus 2,912
for January 2008.

At Russ Lyon Sotheby's International Realty, state-wide we posted
$176,663,835 in sales for the month of February. Approximately
half of that volume were sales under $500,000. However, true to our
'pedigree', according to the Arizona Regional Multiple Listing Service
data, Russ Lyon Sotheby's International Realty had the highest volume
in the luxury market (sales over $1 million) for the past 12 months.

Homes are selling--at a faster pace under $500,000 where conforming
conventional loans (mortgage amounts up to $417,00) and FHA loans
(up to $346,250) are readily available. The credit crisis continues to
most seriously impact the activity above $500,000, where 'jumbo
loans' require borrowers to have credit scores of 660+ and down
payments from 20 to 35%, depending on the loan amount.

Please call me today to answer any of your real estate questions and concerns. Don't hesitate to call 480.353.8231.

Jeannine

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The Beauty of Color!!

NOTHING TRANSFORMS A SPACE MORE THAN COLOR!!

Want to know which colors are in for 2009- The new colors for 2009 are hot off the press from the color marketing group that dictates the colors we use in fabrics, accessories and paint colors. This year, neutrals are inspired by nature and purity. The spectrum extends from pure whites to clear blacks. Greys take on a monochromatic tone and encompass both cool and warm greys.

* Browns & Beiges - Think sand infused tea shades, rich coffee and chocolate tones and warm browns like those found in a stick of cinnamon.

* Red- We all love red. Red represents energy and has a modern feel to it. Think of a ripe tomatoe, strawberries or a pomegranite. Be careful where you add this color, it tends to raise your blood pressure.

* Yellow - Mellow yellow. Imagine a banana, corn lemons or canary yellow. Youv'e got the perfect shade of yellow for 2009.

* Orange- Orange is hotter than ever when added with copper and ginger metallics.

* Blue- Think cool slate, deep indigo, royal blue. Blues are so cool...........Blue is soothing and relaxing. A home could always use a blue room here in the desert.

2008 is the best time in History to buy a Home

2008 is the best time in History to buy a Home

Color Forcast for 2009

NOTHING TRANSFORMS A SPACE MORE THAN COLOR!!

Want to know which colors are in for 2009- The new colors for 2009 are hot off the press from the color marketing group that dictates the colors we use in fabrics, accessories and paint colors. This year, neutrals are inspired by nature and purity. The spectrum extends from pure whites to clear blacks. Greys take on a monochromatic tone and encompass both cool and warm greys.

* Browns & Beiges - Think sand infused tea shades, rich coffee and chocolate tones and warm browns like those found in a stick of cinnamon.

* Red- We all love red. Red represents energy and has a modern feel to it. Think of a ripe tomatoe, strawberries or a pomegranite. Be careful where you add this color, it tends to raise your blood pressure.

* Yellow - Mellow yellow. Imagine a banana, corn lemons or canary yellow. Youv'e got the perfect shade of yellow for 2009.

* Orange- Orange is hotter than ever when added with copper and ginger metallics.

* Blue- Think cool slate, deep indigo, royal blue. Blues are so cool...........Blue is soothing and relaxing. A home could always use a blue room here in the desert.

STAY TUNED FOR MORE DECORATING TIPS-