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Tucson AZ News on Mortgage Revenue Bond or MRB

Vallee Gold Team — Fri, 03 Feb 2012 22:27:30 +0000

Military New Loan Program

The Pima County Bond Program (also called the Mortgage Revenue Bond or MRB) has been around for years now. Funds are depleted from time to time but there are currently $25 million dollars available. This is a subsidised interest rate program for first time buyers and veterans. The interest rate offered is adjusted periodically to keep it below the rate available on the open market. The news today is that the interest rate was adjusted on Friday to 2.99%! Mortgage rates are extremly low but it is safe to say that this is well below the open market.

The good, the bad, and the beautiful:

The good:

-This program can be used anywhere in Pima County including the city of Tucson

-The interest rate is available to first time buyers and veterans

-Subject properties do not have to be bank owned

-The interest rate is fixed

The bad:

-If a buyer holds the title to any other property they are ineligible

-There are income limits

-1 or 2 person households $70,800

-3 or more person households $82,600

-There are maximum purchase prices

-One unit existing $284,635 or new $347,485

-Two unit existing $364,365 or new $445,335

The beautiful:

There is a down payment assistance program that can be used with the bond program. The guidelines above apply as well as some additional ones.

-$8,500 is available for down payment assistance and closing cost

-The $8,500 must be repaid when the home is sold (a lien is recorded)

-Interest accrues on the silent second lien at 2%

-Income limits are tighter for the DPA

-1 person household $32,200

-2 person household $36,800

-4 person household $46,000

To see the source visit the website of the City of Tucson Industrial Development Authority. I promise, the procedure can be painless!

Steven Van De Beuken

Sunstreet Loan Officer

2840 E Skyline Dr Ste 230

Tucson, AZ 85718

Arizona Association of Mortgage Professionals/Southern Chapter

President

Cell 520-235-6862

Office 520-547-4149

Tucson Arizona Housing Market Stats As of January 06, 2012

Vallee Gold Team — Mon, 16 Jan 2012 01:48:16 +0000

As of January 06, 2012 the Tucson Arizona median home price for single family home price is $169,251 and the average property in Tucson has been on the market for about 166 days. It appears the housing market is showing signs of leveling out with inventory at approximately 5,000 properties on the market.

Let us know if you would like a report created for your neighborhood.

Contact Don or Kathy Vallee 520.544.5555

Vallee Gold Team

Tucson Arizona Homes For Sale

Vallee Gold Team Listing 2371 E Skipping Rock Way Tucson, AZ 85737

Vallee Gold Team — Wed, 23 Nov 2011 13:04:19 +0000

Vallee Gold Team “Just Listed” Home In Oro Valley, AZ

MLS#: 21130030

2371 E Skipping Rock Way Tucson, AZ 85737

Desirable Community of Rams Canyon in La Reserve at the base of Pusch Ridge

Vallee Gold Team Just Listed 2371 Skipping Rock

Located in the heart of Oro Valley, Arizona sits a beautiful 4 bedroom, 2 bath, 1,873 square foot home with custom tile, wood floors and plantation shutters! You will enjoy this single level open floorplan with a spacious kitchen, professionally painted with granite, island, stainless steel undermount sink and oak cabinets with pullouts. Best of all, the Family room features a cozy fireplace and double slider to patio. Exquisite Master suite boasts fireplace with remote, french door to patio and master bath with garden tub, double vanity and large shower. The professionally landscaped backyard has covered patio, sparkling pool and gorgeous mountain views. Bonus – enclosed dog run on the north side of the home with dog door, and two car garage. Built in 1998.

This home offers the following appliance package: Alarm; Dishwasher; Disposal; Garage Door Opener

School District is Amphitheater: Elementary:Copper Creek, Middle: Cross, and High School: Canyon Del Oro

Directions: N-Oracle, E-Rams Field, N-Skipping Rock (First house on left)

RE/MAX Excalibur

Don Vallee, ABR, CRS, SFR

Kathy Vallee, CDPE, CRS, CLHMS

11115 N. La Canada #155

Oro Valley, AZ 85737

don@donvallee.com

http://www.ValleeGoldTeam.com

520-544-5555

Tucson Homes And Land Magazine with Canadian Distribution

Vallee Gold Team — Mon, 24 Oct 2011 22:11:06 +0000

Tucson Homes And Land Magazine Now With Canadian Distribution

Featured Agents Don and Kathy Vallee

Don and Kathy Vallee advertise with Homes and Land magazine, they are investing in the most comprehensive marketing plan available for their clients. Homes and Land is a high quality magazine that buyers pick-up first and keep throughout their home search. Homes and Land exposure reaches home buyers across the continent and now into Canada, with mass distribution to over 600+ locations frequented by qualified buyers, including airport, real estate offices, 30+ grocery stores, hotels, restaurants, and much more.

Homes and Land Magazine has partnered with RE/MAX Collection in Tucson Arizona to target market the top ten percent for luxury home buyers and sellers. All over the World Wide Web with over 1.3 million unique visitors per month and is the #1 site for Affluent viewers. Homes and Land distributes to upscale websites: Dupont Registry, International Herald Tribune, New York Times, and Wall Street Journal.

Home buyers can now use their mobile phones to view properties featured in Homes and Land magazine.

See our listings and Tucson listings at: www.ValleeGoldTeam.com

First Time Homes to Luxury Homes and Estates 520.544.5555

Don & Kathy Vallee, CDPE, CRS, CLHMS (Certified Luxury Home Specialist – Guild)

RE/MAX Excalibur Realty “Tucson’s Friendliest & Most Recognized Realtor For Over 12 Years!”

Tucson September 2011 Median Housing Market Stats Report

Vallee Gold Team — Thu, 20 Oct 2011 22:23:27 +0000

Tucson total sales volume showed a slight decrease of 1.13% from September 2010 as compared to the same time last year. We are still in a buyer market as the average sales price had a slight decrease in September of 2011 to $150,699 which is down 2.74%. In September 2011 the Tucson Association of Realtors reported 5,155 active listings for Tucson and surrounding area.

Search your area market trends with our handy Tucson market mapper!

For A Complete Tucson Housing Market Report Contact Don or Kathy Vallee

RE/MAX Excalibur Realty-Tucson & Oro Valley Arizona

520-544-5555

Vallee Gold Team

First-Time HomeBuyers Choose Kathy Vallee – Realtor

Vallee Gold Team — Sun, 02 Oct 2011 17:57:34 +0000

Do you remember buying your first home? This is one of the best memories that I have and it was a BIG deal. Our first home was a new build near a dairy farm, the funny thing was, I could tolerate the farm smells. I was living the American dream. I loved this home, our children loved it as well and we all have fond memories. It was one of the smartest investments I ever mad and in fact, I still own it.

Chris and Megan Buy Their First Home!

Chris and Megan relocated from San Diego, California to Tucson, Arizona due to military duties. Chris and Megan decided that they no longer wanted to rent but buy a home in Tucson. Megan commented, “With the low interest rates and rock bottom prices in Tucson, we knew if we could afford to rent, we could afford to buy”.

Megan started her home search online. While searching You Tube.. Megan found a testimonial given by Grace, military officer who had relocated to Tucson and purchased a home from Kathy Vallee with the Vallee Gold Team.

I am sure that you can recall a time in your life or a situation where you felt like you were not being heard. A time where some sales person was not listening to you…so the service fell short of the expectation. Well…I too have relocated my family so.. I understand the importance of communication, understanding the process of buying a home, the craziness of researching the neighborhoods and properties. I believe this is one reason why “Chris and Megan” connected with me… I am dedicated to my clients and I work exclusively for them.

My role:

Educate you about the market.
Analyze your wants and needs
Guide you to homes that fit your criteria
Coordinate the work of other needed professionals
Negotiate on your behalf.
Do all the paperwork related to the real estate transaction.
I am a problem solver.

Please feel free to contact me or call 520-544-5555

Kathy Vallee, CRS, CDPE, CLHMS

New Home Representation and Resale Representation

RE/MAX Excalibur Realty

See Megans review

Tucson’s RE/MAX Luxury Home Collection

Vallee Gold Team — Wed, 28 Sep 2011 01:35:51 +0000

RE/MAX Luxury Home Collection marketed by Don and Kathy Vallee, Tucson’s Top RE/MAX Luxury Home Specialists serving Tucson and Oro Valley Arizona for over 11 years. Kathy Vallee with RE/MAX Excalibur Realty has earned the prestigious Certified Luxury Home Marketing Specialist designation in recognition of her experience, knowledge and expertise in the luxury home market. “Kathy Vallee is an example of a real estate professional who has worked to develop market knowledge and the special skills and competencies necessary to provide exceptional service in the fine homes and estate marketplace,” said Institute Founder Laurie Moore-Moore, upon announcing Vallee’s designation. “Affluent buyers and sellers can turn to sales professionals who have this designation and be confident that they have special expertise and experience in the luxury home marketplace.”

“I am committed to providing outstanding service to my clients, “said Vallee “the Certified Luxury Home Marketing Specialist designation is evidence of my ability to meet the needs of affluent buyers and sellers. My membership in The Institute for Luxury Home Marketing also provides me with marketing tools and networking capabilities that benefit my clients.”

Institute of Luzury Home Marketing

Oro Valley AZ Single Family August Market Report

Vallee Gold Team — Mon, 05 Sep 2011 15:34:23 +0000

Oro Valley AZ Single Family August Market Report

Search Homes in Oro Valley Arizona

Zip codes in Oro Valley Arizona 85755 and 85737

As you can see from this chart, sales levels have retreated back to 2002 levels, before the investors came in an artificially increased demand. Oro Valley, Arizona has been able to fair well since the investor pullout, in fact, we are starting to see less and less foreclosures and short sales in the area. The median list price in Oro Valley AZ this week is $285,000 down from $299,900 this time last year. Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Tucson Housing Market Is Not Sickly

Vallee Gold Team — Sun, 14 Aug 2011 14:31:09 +0000

Why doesn’t the media report accurate data…?

you can make any market look sickly…

The Tucson Market Shows Positive Market Indicators…

Here are the August 2011 Housing Market reports.

Tucson homes and land or the number of active inventory for the month of July was 5,518, a 17% decrease from the same time last year! We had a whopping 1,102 properties that sold in July which was 39% above the same time last year!!!

We had decreased in the number of months supply of inventory to 5, DOWN from 8.4 in July 2010. Median price of sold homes was $127,000 for the month of July 2011, down 15% from July 2010. The Tucson Market had 1,381 new properties under contract in July 2011, up 48% from July 2010

Months of Inventory (MOI) is a good indicator of market health, taking into account both current inventory and sales rates. As a rule of thumb, a market is considered “balanced” when Months of Inventory is around 6.
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Warren Buffett Comments on S&P Downgrade

Vallee Gold Team — Sun, 07 Aug 2011 17:17:09 +0000

Tucson Arizona Real Estate

For Tucson Arizona Real Estate Market Report

Call or email
Don or Kathy Vallee
520-544-5555
www.ValleeGoldTeam.com