Kelly McLain/Mike Tompkins | Orange Tree Insider

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The #1 Agent &

ORAN

FOR ORANGE TREE EQUESTRIAN MANOR WITH OVER 100 TRANSACTIONS!

Kelly McLain Realtor

602.625.4653

mclainjk@aol.com www.kellymclain.com

Current Mortgage Rates Negative mortgage rates are a strange phenomenon where the lender pays the borrower, not the other way around. At first this seems ridiculous. Lenders want something for the use of their money. But not always. A Danish bank called Jyske Bank is offering a mortgage that pays the borrower. “Jyske Realkredit is ready with a fixedrate mortgage with a nominal interest rate of minus 0.5%,” says the bank. “Yes, you read right,” it continues. “You can now get a fixed-rate Mike Tompkins mortgage with a maturity of up to 10 years, where Sales Manager the nominal interest rate is negative.” (Of course, Mortgage Loan the bank warns, there will be fees, so you may not Originator actually get a return.) The question U.S. borrowers are wondering is, are negative mortgage rates coming to our shores? We predicted 3% rates. That happened. Then we forecasted 2% rates. Now, the 15-year fixed is on the cusp of breaking into the 2s, at just 3.05% as of August 15, 2019. Will negative rates be next? We’re not predicting that yet, but negative rates reinforce the fact that rates still have room to drop despite a precipitous fall so far this year.

NMLS # 217645 602.329.6591 Direct tompkins@ksstatebank.com| www.ksstatebank.com

7373 Scottsdale Road, Scottsdale, AZ 85253 | 480.308.0395 MEMBER FDIC | EQUAL HOUSING LENDER

Orange Tree Pool Service & Repairs Steve Sherman | 480-570-1117

Candis Creel Account Manager

602-697-0232

ccreel@atsaaz.com

We look forward to handling your next Escrow!

Fall Has Arrived and My Listings Keep Selling As we roll into the fall season it’s time for cooler weather and football! It’s been quite a year, my listings continue to sell, and proud to say I have only had 1 listing expire with me over the past 15 years. It is undisputed that good agents have friends and family members too. So, it would be overly simplistic to assume that you should never work with a friend, discount broker or family member. However, both buyers and sellers should carefully consider which agent is the best for them. Buying or selling a home is a very important transaction, and it should be taken quite seriously. Before deciding to work with a friend or family member simply because you know them, you should ask very detailed and comprehensive questions to ascertain their level of competency. How active are other agents in the Orange Tree area, how many homes have they sold, does the agent care about getting top dollar to keep our neighborhood values up, or just interested in getting a sale? Do other agents know about our community e-mails, meetings, HOA or no HOA, golf course access, block watch, and so much more. I explain all of this information so the buyers agent and buyers know about our community. Another touchy area is that it is extremely difficult, if not impossible, to fire a friend or family member. Even when Sellers are extremely disappointed with the performance of their agent, they may find it difficult to complain or switch agents at the end of the listing period. If you have a family or friend in the business you may suggest you will receive a referral from the agent that works, lives, and sells in the area. Interviewing friends and family members may make sense, but a wise client should also interview other agents to make sure that their friend or family member would truly be the best choice for such an important transaction. Interest rates look to keep falling through 2019, so we should continue to see increased demand through the end of the year. 2020 is an election year, and traditionally we see the market slow down during election years as many buyers stay on the fence waiting for results. Thanks for a great year so far and I look forward to helping all the buyers and sellers in my newsletter area.

N

S

I

D

ADDRESS

SQFT

BED BATH SOLD PRICE

PRICE PER SQFT

6222 E Mountain View Rd

7,266

5

5.5

$2,900,000

$401.33

Sunburst Farms

6028 E Sunnyside Dr

5,527

5

6

$2,375,000

$429.70

Paradise Manor Estates

6129 E Turquoise Ave

5,100

4

5

$2,225,000

$436.27

Tierra Feliz

9809 N 57th St

5,286

5

4.5

$2,045,000

$386.87

Country Club Acres

12034 N 61st St

4,200

5

5.5

$1,795,000

$427.38

Equestrian Manor

10602 N Monterose Wy

5,138

4

5.5

$1,625,000

$316.27

Century Club Estates

12021 N 61st St

3,681

4

3

$1,575,000

$427.87

Equestrian Manor

6052 E Jenan Dr

5,087

5

6

$1,565,000

$307.64

Paradise Manor Estates

6210 E Laurel Ln

3,785

4

4.5

$1,310,000

$346.10

Equestrian Manor

6012 E Mescal St

3,971

4

4

$1,270,000

$319.81

Century Circle Estates

11037 N 61st St

3,488

4

5

$1,150,000

$329.70

Century Circle Estates

5458 E Oakhurst Wy

4,121

5

4

$1,050,000

$254.79

Orangetree Estates

5402 E Cholla St

3,717

4

3.5

$995,000

$267.69

Orangetree Estates

12023 N 62nd St

3,358

4

3

$874,275

$260.35

Equestrian Manor

11455 N 54th St

3,332

4

3.5

$799,500

$239.94

Orangetree Estates

10229 N 58th Pl

2,737

4

3

$750,000

$274.02

Country Estates

5430 E Larkspur Dr

3,371

5

3

$720,000

$213.59

Rancho Saguaro

12007 N 56th St

2,567

4

2.5

$720,000

$280.48

Century Club Estates

5519 E Bloomfield Rd

2,461

4

3

$667,500

$271.23

Rancho Saguaro

5409 E Larkspur Dr

3,126

4

2.5

$628,500

$201.06

Rancho Saguaro

5829 E Bloomfield Rd

2,813

4

3

$625,000

$222.18

Avant

5440 E Dahlia Dr

2,916

4

3.5

$615,000

$210.91

Rancho Saguaro

10206 N 58th Pl

2,266

4

2

$591,425

$260.99

Country Estates

12825 N 61st Pl

3,082

4

3

$525,000

$170.34

Avant

5921 E Sweetwater Ave

2,672

5

3

$510,000

$190.86

Avant

12412 N 58th St

2,620

5

3

$500,000

$190.84

Century North

5246 E Cactus Rd

2,766

5

3

$475,000

$171.73

Sunburst Farms

NEIGHBORHOOD

Latest Sales and Closings around Orange Tree

5537 E Wethersfield Rd 11415 N 56th St

5 3 $455,000 Rancho Saguaro WANT YOUR $157.49 PROPERTY 4 2 $422,000 $199.24 Rancho Saguaro TO1,806 BE OUR NEXT COVER HOME? 2 2.5 $415,000 $229.78 Century Place 2,889 2,118

Call most effective marketing 1,719 Phil 2 for 2 the $300,000 $174.52 Century Place strategies to sell Biltmore property All information is deemedisreliable but not guaranteed. TheProperties properties list have been listed/sold variousofmembers All information deemed reliable but not guaranteed. on on thisthis listyour have been listed/sold by variousbymembers the MLS. of. the MLS. 11455 N 56th St

Produced by DLP Marketing • (480)460-0996 • DLPmarketing.com

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SEPTEMBER | OCTOBER 2019

Kelly McLain

5402 E Corrine Dr

If your home is currently listed, this is not a solicitation for that listing.

OrangeTree I

All In the Family Mom’s Moving In

Seven Layer Bean Dip GoodNes


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