Chandler homes
Supply of Chandler homes for sale quickly decreasing
Home for sale in Chandler
Sales of Chandler homes for sale Increase
Chandler real estate for sale shows positive signs of recovery. Sales for first quarter outpace the two previous years as inventory drops from 1,724 homes available for sale on 12/24/2010 to 1,591 homes on 3/24/2011. These sales gains occurred without government incentive programs to induce buyers to purchase a home, as there had been the two previous years.The current 2.8 month supply of homes in Chandler as of 3/31/2011 reflects high buyer demand and is slightly lower than the overall 3 month supply of Metro Phoenix homes.
Over the last 9 months the average sale prices for Chandler homes for sale AZ declined 13.8% from $235,084 in July 2010 to $202,601 at the end of March 2011.The lower home prices and new job creation has brought more prospective buyers into the market.
Are you looking for a Chandler home for sale to move into or a Chandler investment property to rent? This is an excellent time to move up to your Chandler dream home or buy a Chandler rental property.
Investors will find Chandler rental homes remain in short supply as former homeowners, who lost their Chandler homes through foreclosure or short sale and, therefore, barred from qualifying for a home loan, scramble to find a suitable property to rent.
Chandler has been seeing a lot of housing demand this year as Intel, Orbital Sciences Corp. and other technology companies create new high tech jobs. Chandler’s reputation for having good schools, beautiful and desirable Master planned subdivisions, an extensive network of parks and recreation centers, lots of shopping and entertainment, low crime and a friendly community that welcomes new residents to all makes it a top choice for home buyers.
Mortgage rates under 5%, stabilizing home prices and a sufficient inventory of Chandler real estate for sale offering a wide variety of Chandler homes to choose from makes this your best opportunity to own your own Chandler home. Check out Chandler homes for sale AZ now and beat the spring rush.
Sam Elam - Associate Broker specializing in Chandler, Gilbert, Mesa and Phoenix real estate and homes for sale AZ.
Homes for sale in Chandler AZ eligible for 100% Financing
USDA no longer underwrites loans in Chandler and Gilbert, Arizona!
Looking to buy one of the homes for sale in Chandler AZ as your primary residence, but don’t have money for a down payment? You may be eligible for a USDA home loan to buy a home in Chandler with no money down! This little-known government loan program provides 100% home purchase financing plus you may also finance a one-time 2% upfront mortgage insurance fee with no monthly MIP costs – that’s 102% financing folks!
Some additional details about USDA:
- 30 year fixed rate loan with up to 6% seller contribution or 100% gift to pay all your closing costs and pre-paids, except reserves (typically 2 months of homeowners insurance and property taxes).
- US citizens, Permanent Residents and Non-permanent Residents are eligible
- Primary residence only
- Minimum FICO score is 620
- 3 years from bank discharge to be eligible
- No mortgage insurance (one-time guarantee fee tacked onto and financed into the loan)
- Income limitations are 115% of the Area Median Income (AMI)
Surprisingly, USDA rural home loan program includes some homes in Chandler AZ and Gilbert AZ and all of areas of Queen Creek, San Tan Valley, Florence and Gold Canyon, AZ.
Some of the neighborhoods eligible for this loan program are Chandler homes in Springfield Lakes, Sun Groves, Quail Springs, Old Stone Ranch and many more quality subdivisions. At the time of this posting there were 39 Chandler homes that could be eligible for Zero Down USDA financing.
Email me at samelam3@gmail.com to request a current list of homes within USDA service area and a list of lenders who can pre-qualify you for a USDA loan.
For more information go to Chandler homes for sale AZ.
Sam Elam - Associate Broker specializing in Chandler, Gilbert, Mesa and Phoenix real estate and homes for sale AZ.Arizona School Achievement Results Posted
TOUGHER AIMS TEST STANDARDS CAUSE DROP IN ARIZONA SCHOOL ACHIEVEMENT LEVELS
All Arizona school districts are seeing lower school achievement levels as a result of tougher test standards for the 2010 – 2011 school year. Chandler, Gilbert and Mesa school districts are among the most successful and even they have seen schools achievement levels downgraded. But Chandler, Gilbert and Mesa schools were are to increase the total number of Excelling and Highly Performing schools – albeit with fewer Excelling (with a Grade of A) and more Highly Performing (with a Grade of B as the letter grade for Above Average Schools).
Check out the achievement level of your local Arizona schools in Maricopa and Pinal Counties with “Excelling” as the highest school achievement level followed by “Highly Performing”, “Performing Plus”, “Performing”, “Under Performing” down to the lowest level of “Failed to Meet Academic Standards”.
Chandler homes, Gilbert homes and Mesa homes located in excelling Chandler, Gilbert and Mesa school districts are in high demand and buyers with school age children are willing to pay more to send them to top rated schools. They know a good education is extremely important to the future success of their children and the well being of our communities. Everyone needs to support our local Arizona schools!
CHANDLER, ARIZONA
Chandler School District 2008 – 2009 School Year – 27 Excelling and 5 Highly Performing schools.
Chandler School District 2009 – 2010 School Year – 23 Excelling and 8 Highly Performing schools.
Chandler School District 2010 – 2011 School Year – 19 Excelling and 10 Highly Performing schools
GILBERT, ARIZONA
Gilbert School District 2008 – 2009 School Year – 33 Excelling and 6 Highly Performing schools.
Gilbert School District 2009 – 2010 School Year – 17 Excelling and 12 Highly Performing schools.
Gilbert School District 2010 – 2011 School Year – 7 Excelling and 27 Highly Performing schools.
MESA, ARIZONA
Mesa School District 2008 – 2009 School Year – 28 Excelling and 18 Highly Performing schools.
Mesa School District 2009 – 2010 School Year – 21 Excelling and 21 Highly Performing schools.
Mesa School District 2010 – 2011 School Year – 18 Excelling and 34 Highly Performing schools.
Support our Chandler Schools, Gilbert Schools and Mesa Schools
Sam Elam, Associate Broker with Prudential Arizona Properties, (480) 213-1799 has 20 years of experience and in-depth Phoenix real estate market knowledge to help buyers find Chandler homes, Gilbert homes AZ and Mesa homes for sale AZ served by top rated schools!
Sam Elam - Associate Broker specializing in Chandler, Gilbert, Mesa and Phoenix real estate and homes for sale AZ.FHA Home Loan Costs to buy Phoenix Homes for Sale Increase
FHA Loan Policy Changes impact loan acquisition costs by reducing the maximum amount of buyer closing costs a seller can pay on behalf of the buyers from 6% to 3% of the total sales price. At the same time FHA is increasing the up-front Mortgage Insurance Premium from 1.75% to 2.25% of the loan amount to be paid at close of escrow or rolled into the new home loan. If approved, FHA will also consider increasing the annual MIP payment. Details to follow upon approval of their recommendation.
FHA is qualifying buyers based upon their FICO score to the extent that those with a FICO score below 580 are eligible for a 90% LTV loan with the minimum down payment increased from 3.5% to 10%. Read the new FHA Loan Policy for more details.
These policy changes show the U.S. government is no longer willing to make what they perceive to be higher risk loans at very favorable loan terms. With the rampant loan defaults and huge amount of government deficit spending, loan interest rates will eventually rise.
Those buyers waiting for the opportune time to buy have already missed their chance. The Phoenix real estate market bottomed out in March/April 2009 and average prices of Chandler, Gilbert, Mesa, Scottsdale and Phoenix homes have gone up since.
If you continue to wait, you may be priced out of the market as higher loan costs and mortgage interest rates rise. Buy now to lock in a fixed rate loan that are historically very low levels and to take advantage of the First Time and Repeat Home Buyer tax credit (Up to $8000 and $6500, respectively) by contracting by April 30 and closing by June 30. This primer at explains New Home and Existing Home tax credits and how you can take advantage of them. Hurry before they expire. Call Sam Elam for assistance with your next home purchase.
For assistance with the purchase of one of our homes in Chandler, Phoenix, Scottsdale, Gilbert, Mesa or Tempe contact:
Sam Elam, Associate Broker, Prudential Arizona Properties, (480) 213-1799 or SamElam3@gmail.com
Additional buyer resource information and MLS access visit: Phoenix homes for sale – Phoenix real estate & investments
Sam Elam - Associate Broker specializing in Chandler, Gilbert, Mesa and Phoenix real estate and homes for sale AZ.Categories
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