Penny Seahorn's Blog Posts

It Can Be Detrimental To A Sellers Bottom Line For Off Market Sales

Sellers choosing this private, off-market option, however, don’t realize that they are likely getting significantly less than full market value for their property. Sellers could hire an agent and

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How Much Down Payment Is Required For A Home Purchase

 While 20% down is ideal, it most certainly is not the norm. Below are the minimum down payment requirements for the most common loan types:·       FHA;-

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Arizona Housing Market Prices Are Rising But Still Not Recovered From Recession

 As the nation’s housing market prices recover to pre-recession levels, homes in the Arizona market are still on average worth 16 percent lower than they were almost 12 years ago.Those

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What Lenders Require Depending On How You Are Paid

 What will be needed to purchase a home. Below is breakdown of the most common income types and what documentation is required to utilize them.Salary/Hourly- This is often referred to as a

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Average Home Sales Price Is Up

This is a great time to list your home for sale if you are thinking about it! Contact me for a free market analysis.The average sales priceis up +7.9% year-over-yearwhile the year-over-yearmedian

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Latest Financial News For Mortgage Rates

 Quiet WeekOverview: The past week was relatively quiet for mortgage rates, with few market-moving events. It was a light week for economic data, and the newly released minutes from

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Top 10 Rules When Applying For A Mortgage

  I. Do not change jobs, become self-employed or quit your job II. Do not purchase a new car, truck or van III.

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Spring Training Coming Soon As Well As The Waste Management Phoenix Open This Week

Phoenix is known for this beautiful time of the year! Spring brings the outdoors funto The Phoenix Open and Baseball Spring Training Coming soon! For those visitingfrom out of state to get away

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Mesa Adult Communities Offer Great Golf Courses

Golf, tennis and pickle-ball are just some of the "fun in the sun" offered in Mesa's Adult Communities.  It is a great time of the year to purchase for thosethat are renting or visiting

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Active Adult Retirement Communities Mesa AZ

Welcome winter visitors to beautiful Arizona! Mesa is a great place to visit for months at a time or to purchase those homes for part-time or full-time use. Mesa offers a variety of+

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Welcome Winter Visitors

Arizona has the beauty of nature in some of the West's most beautiful areas, finding this State hard to resist! Welcome to a place that is so easy to make friends and enjoy the relaxed lifestyle and

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Do Black Friday Deals Exist In Real Estate

Holidays could be the right time to ramp up your home shopping — while the crowds are at the stores.Black Friday is the holy grail for deal-seeking shoppers during the holiday season. But what

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Homebuyers

When it comes to buying a home, whether you are a rookie homebuyer or have gone through the process many times, having a local real estate expert who is well versed in the neighborhood you are

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The Benefits Of A Presale Home Inspection

Home inspections aren’t just for home buyers. Home sellers also gain peace of mind by investing in a thorough certified home inspection prior to putting a house up for sale. The last minute

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ARMLS STAT SALES PRICES JULY 2016

 Sales prices are up +3.5% year-over-year on average while the year-over-year median is also up +6.1%. List prices of new listings with list dates from 7/1/2016 to 7/31/2016, 0 day DOM sales

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Home Sales Prices Are Up

Sales prices are up +4.3% year-over-year on average while the year-over-year median is also up +7.0%. ARMLS STAT JUNE

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Investors Do Not Expect The Federal Reserve To Raise Rates This Year Or Next

 A surge in US hiring will not be enough to prompt a Federal Reserve interest rate rise this year or next, investors believe, as ripple effects work their way across the Atlantic.Figures

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Happy Fourth Of July

Independence Day of the United States, also referred to as the Fourth of July or July Fourth in the U.S., is a federal holiday commemorating the adoption of the Declaration of Independence on July,

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15 Reasons Why Home Owners Sell Move

Need a Reason to Sell Your Home?American home owners sell and move, on average, every five to seven years. Why do home owners move? People who have lived in the same home for the past 30 years have

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Helpful Credit Tip

Never Close an old account. Part of your credit score is based upon how long  you have established credit.  Therefore, if you close an older credit card (perhaps because you

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PreApproval Is The First Step To Home Buying

 Freddie Mac describes the 4 Cs that help determine the amount you will be qualified to borrow: Capacity:Your current and future ability to make your payments Capital or cash reserves

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Conventional 3 Percent Down Payment Program

Conventional 3% Down is a Fannie Mae program that requires a minimum down payment of 3% for qualified homebuyers with limited funds. This is a lower down payment than FHA financing, and these loans

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Memorial Day Weekend Forcast

Memorial Day weekend forecast statistics are hitting the wires ahead of the holiday weekend which begins on May 27. There are expected to be 38 million Americans hitting the roads or flying for the

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Now Is A Great Time To Purchase

 If you are a consumer, NOW is a great time to look into a purchase or refinance.The latest report from Freddie Mac shows that the 30-year fixed-rate mortgage

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The Heat Is On

Gotta Love Arizona! Today in the beautiful Phoenix area, the temperatures are supposed to reach 100 degrees!We also have a hot market in resale homes!Sales prices are up +4.4% year-over

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Rabbits And Geckos And Quail Oh My

Who doesn't love the serene nature of Arizona?  The quiet adult communitiesof Mesa brings this tranquility of nature to life. For those that are looking to purchase in these communities, this

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FHA Escrow Holdback Update

The FHA Escrow Holdback guidelines have recently been updated. Escrow holdbacks are used to hold funds in an escrow account until repairs can be completed. This accommodation allows the loan to

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Spring Training Is Starting March 1st

Welcome winter visitors! This is the time of the year, for great weatherand the start of the 2016  Cactus League Spring Training Baseball!For all of those winter vacationers that are

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HUD Home At Desert Springs At Alta Mesa Mesa AZ 85215

1 Bedroom, 1.5 Bathroom, 1,484 Sq. Ft. HUD home at Desert Springs at Alta Mesa offered at $150,000. Conveniently located near Bush Elementary School, Shepherd Junior High School and Red Mountain

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Average Longterm US Mortgage Rates Fell This Week Amid Continued Turbulence In Global Stock Markets

     Average long-term U.S. mortgage rates fell this week amid continued turbulence in global stock markets.It was the second straight weekly decline for the rate on the key 30

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Mortgage Rates Fall Back Below 4 Percent

      Mortgage rates were uneven this week as investors scurried toward bonds amid growing global economic concerns.According to the latest data released Thursday by Freddie

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Phoenix Is Better Market For Home Buyers Than Renters

  Phoenix better market for home buyers than rentersMaricopa County still is one of the best places to make a home purchase, according to new data from RealtyTrac combining stats from the.

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Federal Reserve Announces Rate Increase

 The Federal Reserve announced today (12-16-15) a federal funds rate hike.  However, it was only 25 basis points (or .25%).  More importantly, rates are not expected to jump

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HomeReady By Fannie Mae

  HomeReady™ is a Fannie Mae program that provides affordable home financing for low- to moderate-income borrowers, with expanded eligibility for homes in designated low

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Home In Five Advantage Down Payment Assistance Loan Program

There's a lot of misinformation going around about the changes to the Home-in-Five Advantage (down payment assistance) loan program that went into effect on December 1st.  Thought I would

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HUD Home At Maryvale Terrace Phoenix AZ 85035

3 Bedroom, 1.75 Bathroom, 1,000 Sq. Ft. HUD home at Maryvale Terrace offered at $135,000. Conveniently located near Peralta School, Estrella Middle School and Trevor Browne High School. Quick access

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HUD Home At Sorrento Maricopa AZ 85138

Price Reduced! 4 Bedroom, 2 Bathroom, 1,530 Sq. Ft. HUD home at Sorrento offered at $112,500. Conveniently located near Maricopa Elementary School and Maricopa High School. Quick access to SR-347,-

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HUD Home At Tisdale Terrace Phoenix AZ 85017

3 Bedroom, 2 Bathroom, 1,216 Sq. Ft. HUD home at Tisdale Terrace offered at $120,000. Conveniently located near Heatherbrae School, Phoenix Prep Academy and Alhambra High School. Quick access to I,

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HUD Home At Paradise Valley Oasis Phoenix AZ 85032

2 Bedroom, 1 Bathroom, 840 Sq. Ft. HUD home at Paradise Valley Oasis offered at $116,000. Conveniently located near Indian Bend Elementary, Greenway Middle School and Paradise Valley High School.

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HUD Home Johnson Ranch San Tan Valley AZ 85143

Back on Market! 4 Bedroom, 3 Bathroom, 1,320 Sq. Ft. HUD home at Johnson Ranch offered at $130,000. Conveniently located near Walker Butte K-8, Poston Butte High School and Arizona State University

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HUD Home At Alamos East Mesa AZ 85213

5 Bedroom, 3.5 Bathroom, 2,714 Sq. Ft. HUD home at Alamos East offered at $310,000. Conveniently located near Highland Elementary School, Poston Junior High and Mountain View High School. Quick

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Price Reduced HUD Home At Dynamite Mountain Ranch Phoenix AZ 85085

Price Reduced! 4 Bedroom, 3 Bathroom, 3,581 Sq. Ft. HUD home at Dynamite Mountain Ranch offered at $372,600. Conveniently located near Sunset Ridge Elementary and Barry Goldwater High School. Quick

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HUD Home At Johnson Ranch San Tan Valley AZ 85143

Back on Market! 4 Bedroom, 3 Bathroom, 1,320 Sq. Ft. HUD home at Johnson Ranch offered at $130,000. Conveniently located near Walker Butte K-8, Poston Butte High School and Arizona State University

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HUD Home At Glennwilde Maricopa AZ 85138

4 Bedroom, 2 Bathroom, 1,734 Sq. Ft. HUD home at Glennwilde offered at $122,000. Conveniently located near Maricopa Elementary School, Maricopa Wells Middle School and Maricopa High School. Quick

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HUD Home At Dynamite Mountain Ranch Phoenix AZ 85085

4 Bedroom, 3 Bathroom, 3,581 Sq. Ft. HUD home at Dynamite Mountain Ranch offered at $405,000. Conveniently located near Sunset Ridge Elementary and Barry Goldwater High School. Quick access to I-17,

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HUD Home At Springfield Chandler AZ 85249

2 Bedroom, 2 Bathroom, 1,849 Sq. Ft. HUD home at Springfield offered at $207,000. Adult community. Quick access to SR-87, I-10 and Loop 202. Nearby attractions include Springfield Golf Club, Sunbird

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