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Barb’s Real Estate News February 2012

Monthly Newsletter

Issue 1

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How’s The Market? Each month, as your resource for current and relevant news on what’s really happening in our local real estate market, here are a few important details I thought you should know.  According to several sources, Phoenix showed increased pricing over the previous month.  Market trends show we are rebounding compared to most areas of the country. Next, to give you some current statistics on where we’re at with home sales, according to the Cromford Associates, LLC. As of Feb 1, 2012 from Arizona Regional Multiple Listing Service (Maricopa County):  There were 34,762 Active Residential Listings - this same time last year, we had 42,522. Of these Active Residential Listings:  1,818 were Lender Owned (7%) - this time last year 8,258 (20%)  8,787 were Pre-Foreclosure/Short Sales (35%) - this time last year 15,999 (38%)  13,093 were Normal Listings (53%) - this time last year 17,015 (40%)  There were 10,611 transactions pending - this time last year 10,565 There are LESS than 4 months of residential inventory currently on the market, whereas last year at this same time, we had over 6 months of residential inventory for sale. Real Estate is my FULL TIME career. We have seen lots of changes and some turbulent times in recent years - but as you can see, good news appears to be on the horizon and the opportunities for investing in real estate are still endless. I can help you navigate through the sea of information to find answers and help you make your best real estate investment decisions. Please do not hesitate to let me know if you have any questions on the information I send, or if I can help you or someone you know with you real estate investment goals. Best Regards, Barb

Look Inside for: 1. Meet My Team 2. Real Estate News 3. The Lender’s Corner 4. Dollars for Scholars Please visit Barb Henderson website and receive FREE Harkins movie tickets while supplies last! Or call 623-362-3035

An area expert for the past 11 years, Barb has been Involved with the community & culture of the Valley of the Sun. She is well educated with cutting edge technology for marketing & skills relevant to the housing industry today.

Barb Henderson Team . RE/MAX Professionals . 20241 N. 67th Ave, Suite A1, Glendale, AZ 85308 623-362-3035 If your home is currently listed with another Realtor, this is not intended as a solicitation.

Meet My Team! Barb Henderson’s Team is ready to assist you with all your real estate needs. Whether you are looking to buy or sell, we can help! Even if you think you can’t sell because you owe more than your house is worth, we can help!

Every Sudoku Puzzle has a unique solution that can be reached logically. Enter numbers into the blank spaces so that each row, column and 3x3 box contains the numbers 1 to 9.

Bill’s Blog... Benefits of Buyer Agency

In these uncertain economic times, nothing is more certain than a buyer’s need for an experienced, knowledgeable and resourceful Buyer’s Agent. The Arizona real estate market is a very active and dynamic one. A Buyer’s Agent will be your trusted partner to ensure that you make an informed and comfortable decision with the most accurate information in seeking that perfect house to call your “home.” A Buyer’s Agent will also help assemble a Team of other related industry experts that will work collectively with you towards your goal. Buyer’s Agents help the buyer manage every step of the real estate transaction from the pre-qualification process, inspections, underwriting and ultimately the closing. In most circumstances, the seller pays the fees for the Buyer’s Agent so there is no cost to the buyer. Nothing short of a full-time commitment and an open line of communication should be expected from your Buyer’s Agent to ensure your success. The pledge and promise from each member of Barb Henderson’s Team is to be uncompromising in our pursuit of excellence in accordance with the above objectives and to treat each Buyer with the personal services they deserve. Bill Campbell, Buyer’s Agent has been active in the residential and commercial real estate industry for over 20 years and a member of the RE/MAX family since 2009. In addition to his years of experience, Bill also has a BA in Economics. He has been married for 24 years and has three children who keep him busy as their coach in sports activities. Bill is the co-founder and past president of the Mountain Ridge Girls Softball Booster Club. You can reach Bill at 623-606-1177

Theresa Malone, Transaction Manager/Office Manager

Theresa has worked with Barb since 2001 & has been a licensed REALTOR since 2003. She assists the team in a variety of ways, including client care & facilitating Barb’s listings and escrows from start to finish. She also has an Associates in General Business. In her free time, she enjoys staying active, spending time with family & visiting her active duty Military boyfriend.

Rosanne Holmes, Marketing Department

Rosanne has been with the team for a year and currently assists the team in the marketing department. She was the human resource manager for a large organization and retired after 28 years of service. In her free time, Rosanne enjoys spending time with her growing grandchildren.

2012 Phoenix Real Estate Predictions With 175,000 Valley homes already gone to foreclosure in the past few years, the pending foreclosure statistics are half what they were this time last year. So what does this mean for you? Well, here is what the 2012 Phoenix real estate market will look like:     

Banks would rather approve a short sale than foreclose on a home. Bank of America has a goal to approve short sales within 20 days & aims to approve more than 60% of their short sale applications in 2012. Bank Panelists all agreed, they have plans to increase their short sale approvals & are currently hiring more people on their teams. In Arizona, short sales, on average sell for a higher list price, so more short sale approvals could possibly trend our values up. Only 2 years ago, banks handled delinquent mortgage almost exclusively by foreclosure – today that rate is down to 32.1% from 2009 – the biggest drop than any state in the nation.

The drive in the market this year will be a continued effort to improve the housing economy by reducing the number of bad or underwater loans by way of a short sale. As many of you know, I am able to help clients navigate through the short sale process. I am excited to share with you the improvements projected for 2012. It is my hope that we will be able to assist many more Arizona homeowner’s who are struggling with a home that is underwater in value. Consider what your real estate and financial goals might be for 2012? Do you need a fresh start? If you answered yes, then a short sale might be a possibility. Call me today to learn more – and make sure you ask about the HAFA $3,000 CASH Relocation Assistance!

6 Valley Office Locations in Glendale. Surprise . Avondale . Sun City . Anthem.

Lender’s Corner

FREE Market Analysis

Harp 2.0 - More Refinance Help on the Way for Underwater Borrowers

The first Home Affordable Refinance Program, which began in 2009, only helped 894,000 homeowners refinance their mortgages. Millions of homeowners who wanted to refinance were turned away because of impossibly tight guideline restrictions. That was version 1. Version 2.0 is being released in all its glory after midMarch. It’s not perfect, but it is a step in the right direction. The greatest barrier that has been removed: No minimum property value required. Yes, you read it right! Your home can be worth far less than you owe. There is no limitation for how underwater your value may be compared to what you owe. What’s

more, your refinance may be eligible for an appraisal waiver. Yes, you read it right! NO appraisal required.

Check these key points to see if you might be eligible:  Your mortgage started out at $417,000 or lower and is a conventional loan (not FHA or VA)  Your mortgage was created on or before May 31, 2009  You have not been late within the last 6 months, and not more than once in the past 7-12 months  1-4 unit properties are eligible  Primary residences, second homes, and rental properties are eligible (this applies to primary residences that later converted to second homes or rental properties  No limit on the number of financed properties owned What next? Your loan officer will help you determine if your mortgage is owned by Fannie Mae or Freddie Mac and eligible for the Harp 2.0 program and whether an appraisal will be required. Again, this will be released after mid March. This enhanced version of Harp will be updated in the electronic underwriting systems over the weekend of March 17th. Once it is available, applications that are “ready and waiting” can be uploaded for analysis. Find your mortgage payment coupon and call today for instructions on how to apply. What else should you know? These interest rates are slightly higher than standard rates so be prepared. To be eligible for the program, the borrower must receive a benefit in the form of either a reduced monthly mortgage payment or a more stable product (i.e. ARM to fixed or shorter term). The key is to focus on the benefit. My advice? Examine a 20 year fixed term because a slightly higher rate will not apply, the loan will pay off sooner which will increase your equity sooner, and you payment may remain similar to what you’re paying now. It’s still early and more changes could be released before the March implementation date. Feel free to give me a call or shoot me an email if you have any questions or want to run your scenario by me. I’m glad to help!

Mai Yahn

602-314-8450 office 602-321-9191 cell

Everyone is interested in knowing what our home is worth in today’s market. If you would like to have a professional evaluation of your homes value, please contact Barb today. or call 623-362-3035

Valentine Pizza Pizza Dough Olive oil 1 c tomato sauce 1 ½ c grated mozzarella cheese 1 ½ c grated Muenster cheese Heat oven to 450 degrees. Roll out dough to create a heart shape. Spread a thin layer of sauce, cover pizza with cheeses and bake for 12-15 minutes.

Barb’s Team has been built on a foundation of repeat business for the past 11 years and appreciate the support and we want to

For your referrals! We are never too busy for more referrals.

“No man but feels more of a man in the world, if he have but a bit of ground that he can call his own. However small it is on the surface, it is four thousands miles deep; and that is a very handsome property” - Charles Dudley Warner

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$$$Dollars for Scholars$$$ “Young Woman Leaders in Science” In May 2012, a new scholarship will be awarded to “Young Woman Leaders in Science.” When many scholarships have gone by the wayside, I wanted to promote the field of science. Many of you know I was Science Educator for over 20 years, and I will proudly present this award to a very deserving young lady who meets the criteria while pursing higher education in some field of science. She may be a high school senior or in college already continuing her endeavor in a 2 or 4 year college degree. Past clients, friends, neighbors...I am depending on you to get the word out! The local high school science department chair and counseling departments will have the criteria for the application process. Whereas, I am the founder of this scholarship, the Board at Dollars for Scholars will select the candidate most deserving in the Deer Valley & Peoria School Districts. My co-sponsor is Mai Yahn, with Cobalt Mortgage, one of the best in the business. Applications are due in March so please contact me for more information at

Homeowner Corner Client Reviews “Barb was very professional and caring. She made me feel confident as we went through the process. She really cares about her clients and their needs. The communication and tenacity were great. Thanks! Lin” “As soon as I realized the professional service and friendly process, I recommended Barb to my son-in-law to sell his home. He is very pleased with her too. Lucina” “I am so thankful to Barb’s office for great professional service. I still cannot believe how smooth the process of a short sale of my property went. You made it successful where I doubted it was possible. Magda” Top of the line spa products or day spas not in the budget? Call to discover how to purchase healthy, truly good for you spa, skin, anti-aging nutracueticals & nutritional products that a discounted price?

Renee Taillon

Mention this newsletter and receive $150.00 off your closing costs! Mai Yahn (208373)

Arizona Mortgage Broker License # BK-0909801

7333 E Doubletree Ranch Rd, D-280 Scottsdale, AZ 85258 602-314-8450 O . 602-321-9191 C

Regional Vice President & Independent Consultant 623-322-1664 or 623-326-6999 . Advertise for FREE! As our way of giving back, if you have a local business and would like to advertise, please call or send me an email at

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Barb Henderson, Associate Broker, CSSN, CNE, CDPE, GRI, CRS, MSSC, Hall of Fame . (623) 362-3035

Barb Henderson's Team Newsletter  

Barb Henderson's Team Newsletter