Foreclosures,Short Sales, Bank Owned Properties,SCOTTSDALE, PHOENIX , GLENDALE, ARIZONA REAL ESTATE - Michael Dougherty GRI & Doris Prenninger's High Desert Team


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ATTENTION HOME BUYERS, SELLERS & INVESTORS

for Fine Homes and Land.

We know where to find values in Bank Owned Foreclosure Properties & negotiate for the right price for you!! Banks list their properties HIGH to market value!
It’s a Great Time to get a Mortgage!!

Mixed economic news that continues to lead the headlines has helped to keep low mortgage rates stable. Financial troubles in Europe has left investors busy each day waiting to see if Greece will default or a rescue plan will be implemented. Here in the U.S., even a negative report that is not considered terribly bad is spreading optimism to the markets making any predictions unreliable.
Current 30 year fixed mortgage rates are at 3.875%, 15 year fixed mortgage rates are at 3.250% and 5/1 adjustable mortgage rates are at 2.625%.Mortgage rates have reached historic lows.
With good credit, borrowers can obtain these low mortgage rates with 0.7 to 1% origination fee. Of course, income will need to be verified and other documentation will need to be checked to receive lender approval. Whether you are buying a home or refinancing an existing mortgage, there has never been a better opportunity to receive the lowest mortgage rates available.
FHA has been keeping busy especially with first time home buyers. First time home buyers turn to FHA because no other mortgage loans offer a down payment of 3.5%. Even with credit as low as 500, FHA will accept a down payment of 10%. Then there are the low FHA mortgage rates that are offered and are not based on credit scores. Current FHA 30 year fixed mortgage rates are at 3.750%, 15 year fixed mortgage rates are at 3.500% and FHA 5/1 adjustable mortgage rates are at 2.750%. FHA does have higher closing costs (APR) because of the upfront mortgage insurance premium and other FHA fees. To help with this issue, FHA mortgages allow seller concessions, gifts and housing grants to be part of the mortgage transaction. FHA mortgages have been leading in mortgage applications even when overall mortgage application activity has decreased.
After almost two weeks into the decreased conforming loan limit, low jumbo mortgage rates are doing just fine and have been somewhat stable, along with other mortgage rates. Jumbo 30 year fixed mortgage rates continue to fluctuate and are currently at 4.750%. Jumbo 15 year fixed mortgage rates are at 4.375% and jumbo 5/1 adjustable mortgage rates are at 3.250%. With more properties now falling back into the jumbo mortgage market, it is important that borrowers have these low jumbo mortgage rates still available. Borrowers will need to have excellent credit to obtain these lowest jumbo mortgage rates with 0.7 to 1% origination point. Jumbo mortgages are not government insured so lenders want to be sure that borrowers are well qualified.

Buyers & Investors for Fine Homes!
Bank Owned Properties or well priced Normal Sales

We can guide you to the best values on Bank Owned properties & negotiate a successful closing! MANY BANK HOMES ARE PRICED HIGH to actual MARKET VALUE. We will show you the true market value and negotiate accordingly with the BANK.
Don't try this yourself because you will pay more than you need to pay!!
We can help you find the best resale values (Homes or Land) by using our system which combines days on market, recent sales, location issues and condition of home. WE KNOW HOW TO GET THE CURRENT MARKET VALUE OF A PROPERTY.
As your representative, we will write a solid contract to protect your interests and refer you to competent Mortgage Sources and Building Inspectors..

Michael Dougherty, GRI, e-Pro,
Certified Negotiation Expert
HomeSmart Fine Homes and Land
Broker/Owner 480-529-7049
MDougherty8@gmail.com
We know how to develop a realistic offer price built on the hard facts of recent solds with days on market along with property history!
Michael served on the Board of Directors for the Arizona Association of Realtors with over 53,000 Realtors and is the Past President (2008) for the Prescott Area Association of Realtors.

E-mail Michael Dougherty at mdougherty8@gmail.com
Looking for real estate in or around Phoenix,Scottsdale, Glendale, Carefree, Cavecreek or Anthem AZ ?
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We also serve the Prescott Market!
www.DoughertyHomeSites.com

Call or e-mail us with any questions you may have about buying or selling real estate in beautiful Phoenix/Scottsdale, Arizona.

Call or e-mail us with any questions you may have about buying or selling real estate in beautiful Phoenix/Scottsdale, Arizona.