Choosing the Right Moving Supplies…

Moving-SuppliesWhen it’s time to move, you want to be sure that all of your possessions not only make it from point A to point B, but that they also arrive safe and sound.  There’s nothing worse than arriving at your new home or place of business to find that some of your belongings were either damaged or lost during the move.

One way to avoid loss or damage is to use the right supplies when packing and preparing for the move.  Choosing the right moving supplies will ensure your items are packed correctly and make it to their destination in one piece. Here is a list of some of the essential moving supplies you should have for your next move:

Boxes – Big, Small and Plenty

Having boxes on hand during your move always prepares you for success.  Boxes are the go-to method for packing almost anything. They help keep your possessions organized and offer a layer of protection to prevent damage.

A common mistake when it comes to buying or renting moving boxes is to only get one size of boxes. It’s a good idea to get boxes in different sizes based on what it is you are moving.  While large boxes can hold quite a bit, they are not always practical for smaller items. You also don’t want to load boxes so heavy that they can’t be lifted or come apart during the move. Be sure to give yourself some choices when it comes to box size.

Remember to have plenty of boxes on hand as you begin to sort and pack before your move. You’re better off having a few unused boxes at the end rather than trying to cram too much in because you don’t have enough.

Dish Packs

Some of the items you will be moving are much more fragile than others. Using the right packing supplies can make a huge difference in making sure those fragile belongings arrive safely and undamaged. Dishes, for example, should be packed with care, wrapped in paper or cloth and placed in dish pack boxes. Packing dishes in this type of box adds additional protection and keeps your valuables secure. A dish pack is perfect for moving fragile items such as fine china, crystal stemware, porcelain figurines or antiques to name a few.

Strong Tape

As you finish packing your boxes up, you’ll want to be sure to use good strong packing tape to keep your boxes closed. When choosing tape, find tape that is specifically made for packing and moving. Using cheap tape or tape that can be easily broken might result in boxes spilling open during the move, which could lead to broken or lost items. Don’t chance it! Pay the extra for good strong tape that you can rely on.

Blankets and Saran Wrap

If you’ve ever watched a professional moving company work before, you’ve probably seen them use both blankets and saran wrap to protect furniture and secure other items into moving trucks. These are very important moving supplies that help keep your possessions safe from start to finish.  As you begin to pack up your belongings, keep a pile of blankets out to use when you start to load your moving truck. You might want to stop by a local hardware store or moving company to pick up a roll of saran wrap as well.

Article written by Wendy Cracchiolo at “Get Your Move On” She can be reached at wendy@getyourmoveonllc.com

 

Taking a Look at the Buyers

Equity Title Tip:

For the past 3 years we have been talking about Listings, Listings, Listings! But as we move back into a more balanced market, it is time to start talking about Buyers again!

Some resources we can provide for you include:

1. Buyer Guide: Our professional guide is filled with detailed information necessary for anyone purchasing property in Arizona! It also comes customized with your photo, logo and contact info – which makes it a great item to have at Open Houses!

2. Open House Guest Register: Speaking of Open Houses, our guest register is customized with your information and a great way to keep track of everyone who visits your open house.

3. Purchase Contract Gude: Our guide offers the complete (sample) contract with line-by-line details in easy-to-understand language.

Feel free to contact our team of awesome Business Development Managers for resources for your buyers!

Foreclosure Data through end of April 2013

Here is the Foreclosure Data through the end of April 2013. You can print, post to your website, save, or email this chart to your clients!

 

Here is the take away!

1. Active Notices of trustee sale for residential properties as of the end of April 2013 were 9,194 units. Down from last month of 8,534. Down from the all time high of December ’09 of 47,606.

2. Residential Foreclosures were at their all time high in March 2010 at 5,451. Residential foreclosures were 901 last month. There was not change from March.

3. The residential REO properties are sitting at 4,114 vs. last month of 4,597. Down slightly by 483 units from last month! April of 2012 there were 6,711 REO properties, down 39%! Listed REO properties are approximately 932 units and pending are 1300. That tells us that there is approximately 1882 properties that are foreclosed but not yet on the market.

4. short Sales Represent approximately 12.4% of the total sales and REO’s are down to 10%. Normal sSales is at the highest point in the last 5 years. They represent 78% of total sales!!

5. Prices have gone up by 52% Valley Wide since the Market Low August of 2011! If you have clients who were under water in their home, it is a good time to call them! They may not be under water anymore and might want to list with YOU!

Business continues to be strong. We are in a rare opportunity to buy! Interest rates are very low and prices are still low, but rising quickly…REO properties seem to be going away as well as short sales. Please share this with your potential buyers!

Market Update – Through April 21, 2013

Equity Title presents the Market Update through April 21, 2013. We also provide the Market Update Book: this complete report in printed, magazine format. This is a great tool to use with Buyers or at Listing Appointments.

Let one of our Business Development Managers know how many Market Update Books you would like and we will get them to your office!

Here is the commentary followed by the charts:

Inventory (All Areas & Types in MLS): Total active listings (without AWCs/UCBs have dropped by 611 units in the last month. As of April 21st, we sit at 146, 080 Actives for all property types. Sales are at 8671 for the last 30 days (as of April 21st), up by 1178 units from one month ago. Pending Sales are up from the month before – as of April 21st, there are 11,416 Pending VS. 11,213 Pending one month ago. We are currently sitting at a 2.0 months of supply (based on Active without AWC/UCB). Traditionally, 3-4 months of supply indicate a balanced market. Now is the time to take listings!

Sales: In MArch 2013, there were 8658 Re-Sales and New Sales in Maricopa County, compared to February 2013 when there were 7073. In March 2012, there were 9581. That equates to a 22% increase month-over-month, but a 10% decrease year-over-year!

Prices: The Median Price for Maricopa County in March 2013 was $179,000; in February 2013 it was $173,266. This marks a 4% increase. In March 2012, the Median Price was $139,000 – so we are currently at a 29% increase year-over year! Looking back at past years Median Sales Prices: March 2007: $259,087 but in March 2001: $138,800.

Distressed Market Pie Chart: This chart shows you the percentage of distressed properties that are being listed and sold. Short Sales represent 14% of the Closings for the last month for a 1.3 Months of Supply. Distressed Sales (Short Sales and REOs combined) accounted for 26% of the total sales for the last month. REO Sales represent 11% of the sales from last month. Normal, non-distressed sales are now 74% of the market! That is the highest it has been in 5 years!

Luxury: The Luxury Market of $1,000,000+ continues to have the lowest absorption rate of any market segment, although, there was a slight increase with an *% absorption rate for the month of March. There were 104 properties in the MLS were sold for more than $1,000,000 in March 2013.

 

Foreclosure Data – March 2013

Here is the foreclosure data through the end of March 2013.

Share this info with your Buyers! Use it at Open Houses! Print, Post, Save and Email this information! Everyone wants to know about Real Estate and what is happening in our Market! Be the knowledgeable source…and when you get a contract, use Equity Title!

Here is the Take Away:
Default Properties: The status of a property currently within the Foreclosure process after the Bank records a Notice of Trustee Sale due to lack of borrower making payments for at least 90 days. Properties remain in this status until there is a recorded Trustee Sale or Cancellation of Trustee Sale.
  • At the end of March 2013, there were 9,194 Active Default Residential Properties. This is down from the previous month when there were 9,750Active Default Residential Properties.  FYI: The All-Time high was in December of 2009 when there were 47,606 Active Default Residential Properties.

Foreclosures: When the Bank either sells the property at the Trustee Sale (Auction) or takes the property back via Trustee’s Deed.

  • Foreclosures hit an All-Time, one-month high in March 2010 with 5,451. In March 2013, there were 901 Foreclosures. This was down by 79 units from February.

REO Properties: Properties that the bank owns due to lack of sale at the Trustee Sale (Auction).

  • At the end of March 2013, there were 4,597 Residential REO Properties – vs. the previous month when there were 4,713. This is down by 116 REO units – from last month! In March 2012, there were 7,408 REO Properties – so we are down by 38% from then. There are approximately 933 REO Properties listed in the MLS, with an additional 1,470 REO Properties that are in UCB and Pending Status in the MLS. This means that there are approximately 2,194 REO Properties that are Foreclosed on, but have not yet been listed in the MLS.

Sales:

  • Short Sales currently represent approximately 14% of the total sales for Maricopa County
  • REO Sales currently represent approximately 11% of the total sales for Maricopa County
  • Normal Sales now represent 75% of the total sales – the highest point in the last 5 years!

Prices:

  • Valleywide, prices have increased by 46% since the market low in August 2011.
  • Properties that were previously underwater, may no longer be

 

Sarah Moran’s Service – Equity Title Agency

Sarah – you are so attentive and thoughtful. This video [http://youtu.be/8dNy6yRscsI] is a wonderful testament to the true spirit and fellowship we share in the Coldwell Banker Biltmore office; and even more so with you and Equity Title as part of the team!

 Kim Kane, Coldwell Banker

Thank You, Sarah for the great class you put together at the Microsoft in Fashion Square, it was very thoughtful, insightful and well prepared. I wish all these type of classes from “other title Co.’s” were as well thought out and presented in such a professional manner. You can be well assured that I will reccommend your services in the future and of  course I have enjoyed the service of EQUITY TITLE myself. Thanks again.

Barney (B.J.) Gonzales

Sarah Moran and her team at Equity Title provide incredible customer service and attention to detail. I try to use the Biltmore Equity Title office on all of my transactions and encourage agents and clients to do the same.

Sarah is one of the best networkers and marketing minds I know. She is my go-to for fresh marketing ideas and for assistance in implementing new marketing methods.

 

Trevor Halpern, Coldwell Banker

Market Update Through January 1, 2013

Here is the Market Update through January 1st, 2013 . Please note that the Valley Wide graph represents all of the MLS. The table below that graph just representsrecordings for new and re-sales for Maricopa County. We have added a new bar to the Valley wide graph that shows what the listings are with no AWC’s in them.

Take a look at our comments for the charts:

Total active listings, (with no AWC) have dropped by457 units over the last month. As of January 1st, we sit at 17665 Actives All Property Types. Sales are at 7064for the last 30 days (as of January 1st), up by 244 units from one month ago!  We are currently sitting at a 2.5months of supply, (based on Active listings with no AWC). Pending sales are down from the month before as of January 1st, 8026 vs one month ago at 9170 . Traditionally,  3-4 months of supply indicate a balanced market.  Now is the time to take listings!

December 2012 re-sales and new sales in Maricopa County were 7531 in November 2012 they were 7306. That is a 3% increase from month to month.  December 2011 was 7801. That is a (4.0%) decrease! The median price in Maricopa County for December 2012 was $168,903 in November 2012  it was $167,500. This marks a 1% increase! December 2011 it was $129,054 for a 31%increase!!!! In December 2007 it was $247,405 and in December 2001 it was $143,790! Maricopa County new and Re-sale sales for the year ended with 95,912 sales vs. 201194,771. This equates to a 1.0% increase!

Distressed Market Pie Chart: This chart shows you the percentage of distressed properties that are being listed and sold. Short Sales represent 28% of the closings for the last month, and a .8  Months of Supply.  Distressed Sales (Short Sales and REOs combined) accounted for 40% of the total sales for in the last month. REO property sales equal to 12% of the sales for the last month.  Normal non-distressed sales are now 60% of the total!!!!!!The listing success rate for Short sales is 59% ! Don’t avoid these listings! They are closing with greater success rate!

Check out our new graph! It is the last one! Gives you the average dollar per square foot of solds by month on a line chart going back one year.

Luxury: The Luxury Market of $1.0 Million and above continues to be the lowest absorption rate of any market segment. There was a 7% absorption rate for the last month. Only 71 properties in all of the MLS were sold for more than $1.0 million.

“‘Fiscal Cliff’ Bill Addresses Some Key Housing Issues”

This new article from Inman News shares this informative article sharing how the new bil will affect the housing market – including the extension of the 2007 Mortgage Debt Relief Act!

Equity Title Tip:

Get back to basics with farming! Listings are worth gold. We now have three new resources for you!

  1. Are you thinking of Selling? mini seller guide: Use if you are walking your neighborhood as a “leave item” customized with your photo, logo and contact information! Helps the client begin thinking about listing their home and why they should use a REALTOR.
  2. FSBO Guide:Walks the client through why it is difficult to sell their own house and why they need a team in place.
  3. Market Update Guide: Current Statistic Market Graphs and a synopsis of what is going on in the Market! Great for open houses, manage buyers expectations, and for listing appointments!

‘Fiscal cliff’ bill addresses some key housing issues

Battle over mortgage interest deduction still to come

By Ken Harney, Wednesday, January 2, 2013. Inman News®

When the monthlong congressional game of chicken known as the “fiscal cliff” ended late last night in the House of Representatives, housing and real estate emerged as winners on most key issues.

The Senate bill that finally passed the House by a 259-167 vote extended a number of federal tax code provisions that are important to homebuyers, sellers, builders and real estate professionals.

The bill also made permanent the Bush-era reduced tax brackets for all but the highest income earners in the country, along with a permanent “patch” to the increasingly troublesome alternative minimum tax (AMT) that threatened millions of middle-income homeowners with higher taxes.

Here’s a quick overview of what the legislation means for housing:

Mortgage Forgiveness Debt Relief extended through 2013

For huge numbers of financially distressed owners of homes with underwater mortgages, this was the biggest issue in the entire fiscal cliff debate. The mortgage debt relief provisions in the tax code, first enacted in 2007, expired at midnight Dec. 31.

Had Congress not acted, the tax code would have reverted to its pre-2007 treatment of mortgage principal reductions or cancellations by lenders, whether through loan modifications, short sales, deeds-in-lieu or foreclosures: All principal balances written off would be treated as ordinary income to the homeowners who received them.

For illustration, if a lender wrote off $100,000 of debt to facilitate a short sale, the seller would be taxed on that $100,000 at regular marginal rates, just as if he or she had earned it as salary.

A return to taxation of principal reductions would have disrupted short sales — a growing segment of the home real estate market — in 2013, and almost certainly would have encouraged more distressed owners to opt for foreclosure and bankruptcy.

Deduction of mortgage insurance premiums

The bill retroactively extended this benefit to cover all of 2012, plus continues it through 2013. Qualified borrowers who pay private mortgage insurance premiums or guarantee fees on conventional, low down payment home loans, FHA, VA and Rural Housing mortgages will be able to write off those premiums along with their mortgage interest on federal tax returns. The retroactive feature is crucial because Congress had allowed this deduction to lapse at the end of 2011. There are limitations, however: The write-off is available only to borrowers who have an adjusted gross income below $110,000.

Tax credits for energy-efficiency home improvements

This benefit provides modest tax credits of $200 to $500 for owners who install energy-efficient windows, insulation and other upgrades designed to cut energy consumption. The bill covers improvements made during 2012 and 2013.

Tax credits for new energy-efficient new houses

This allows builders and contractors to claim a $2,000 tax credit on new homes constructed in 2012 and 2013 that meet federally specified energy-conservation standards. The bill also extends credits for U.S.-based manufacturers of energy-efficient refrigerators, clothes washers and dishwashers. As with other energy-related tax provisions, this had expired last year and will now be continued through 2013.

So what’s negative in the fiscal cliff compromise bill for real estate?

Not a whole lot for homeowners who aren’t in the highest income brackets. But for those who are, there are provisions that likely will inflict some pain.

Start with marginal tax rates and capital gains. If you earn $400,000 or more as a single filer or $450,000 as a joint filer, your new marginal federal tax rate is 39.6 percent.

You also get hit with a 20 percent rate on long-term capital gains, such as those from investment real estate and home sales that rack up gains beyond the $250,000/$500,000 thresholds.

Also, the new “Obamacare” 3.8 percent surcharge on certain investment income, which went into effect Jan. 1, could raise effective rates on capital gains for upper bracket households to 23.8 percent. As a result, some investors in rental property and commercial real estate may begin looking again to Section 1031 tax-deferred exchanges to hang onto their profits.

For taxpayers in the 33 percent, 28 percent and lower marginal tax brackets, capital gains will continue to be taxed at 15 percent.

Perhaps the crucial question to ask about the new legislation is: What could have been in the fiscal cliff compromise package affecting real estate but wasn’t included? That’s easy: There are none of the “grand bargain” deduction limitations on mortgage interest and property taxes that had been proposed by tax system reform proponents.

But don’t assume those proposals are moribund. Quite to the contrary, they are likely to arise again this spring and summer, when broader scale debates over the shape of the tax code get under way. Once that process starts, watch out: Home real estate tax preferences like the “MID” will be front and center on the chopping block.

Ken Harney writes an award-winning, nationally syndicated column, “The Nation’s Housing,” and is the author of two books on real estate and mortgage finance.


Market Update – November 2012

Here is the Market Update through November 28th, 2012. We have added a new bar to the Valleywide Comparison Chart: Actives without AWCs – for a more accurate understanding of the current market.

Market Update Book: We have put this complete report into a printed, magazine format! Great to use with Buyers or at Listing Appointments. Let us know how many you would like and we will get them to your office!

*Please note that the Valley Wide graph represents all of the MLS. The table below that graph just represents recordings for new and re-sales for Maricopa County.

Inventory (All Areas & Types in MLS): Total active listings (without AWCs) have picked up by 1048units in the last month. As of November 28th, we sit at 18,105 Actives for All Property Types. Sales are at 6321for the last 30 days (as of November 28th), down by 407 units from one month ago. Pending Sales are down slightly from the month before – as of November 28th, there are 10,005Pending vs. 10,263 Pending one month ago. We are currently sitting at a 2.9 months of supply ( based on Active without AWC). Traditionally, 3-4 months of supply indicate a balanced market. Now is the time to take listings!

Sales: In October 2012, there were 7895 Re-Sales and New Sales in Maricopa County, compared to September 2012 when there were 7030. In October 2011, there were 7135. That equates to an 11% increase month-over month and an 11% increase year-over-year!

Prices: The Median Price for Maricopa County in October 2012 was $163,753; in September  2012 it was $156,898. This marks a 4% increase. In October 2011, the Median Price was $122,300 – so we are currently at a 34% Increase year-over-year! Looking back at past years Median Sales Prices: October 2007: $247,000 – but in October 2001: $140,000.

Distressed Market Pie Chart: This chart shows you the percentage of distressed properties that are being listed and sold. Short Sales represent 23% of the Closings for October and 8% of the Active Listings for a .9 Months of Supply.Distressed Sales (Short Sales and REOs combined) accounted for36% of the total sales for the last month. REO Sales represent 13% of the sales from last month.The listing success rate for Short Sales is 60%! Don’t avoid these listings! They are closing with greater success rate! Note: Normal, non-distressed sales are 62% of the market.

Luxury: The Luxury Market of $1,000,000+ continues to have the lowest absorption rate of any market segment. There was a 7% absorption rate for the month of October. Only 69 properties in all of the MLS were sold for more that $1,000,000 in October 2012.

MONTHS OF SUPPLY (includes AWCs, Single-Family only)

East Valley: 2.3

NorthWest Valley: 3.5

Paradise Valley: 9.8

Luxury ($1mil+): 14.4

Southwest: 3.0

Peoria/Glendale: 2.7

Camelback Corridor: 3.7

Cave Creek: 3.3

Ahwatukee: 2.8

Scottsdale: 4.9

Apache Junction: 3.4

Fountain Hills: 5.8

Buckeye: 3.4

Desert Ridge & Tatum Corridor: 2.2

 

Below are the graphs:

Market Update – October 2012

Here is the Market Update through October 15th, 2012

Total active listings,(with no AWC) have picked up by 1662 units over the last month. As of October 15th, we sit at 16,845 Actives All Property Types. Sales are at 6710 for the last 30 days (as of October 15th), down by 642 units from one month ago! We are currently sitting at a 2.5 months of supply, (based on Active listings with no AWC). Pending sales are down slightly from the month before as of October 15th, 10,187 vs one month ago at 10,626 . Traditionally, 3-4 months of supply indicate a balanced market. Now is the time to take listings!

September 2012 re-sales and new sales in Maricopa County were 7030 in August 2012 they were 8257. That is a 15% drop from month to month. Compared to September 2011 7659. That is a (9.0%) decrease! The median price in Maricopa County for August 2012 was $155,000 in September 2012 it was $156,800. This marks a 1% increase. September 2011 it was $125,000 for a 25% increase!!!! In September 2007 it was $248,480 and in September 2001 it was $142,752!

Distressed Market Pie Chart: This chart shows you the percentage of distressed properties that are being listed and sold. Short Sales represent 25% of the Closings for the last month, and 28% of the active listings for a 3.7 Months of Supply. If you take the AWC’s out we drop down to .8 months of supply! Distressed Sales (Short Sales and REOs combined) accounted for 38% of the total sales for in the last month. REO property sales equal to 13% of the sales for the last month. The listing success rate for Short sales is 59% ! Don’t avoid these listings! They are closing with greater success rate!

Luxury: The Luxury Market of $1.0 Million and above continues to be the lowest absorption rate of any market segment. There was a 6% absorption rate for the last month. Only 57 properties in all of the MLS were sold for more than $1.0 million.