Open House in Queen Creek, Arizona! 1773 E Grand Ridge Rd

You heard it here first… We have an OPEN HOUSE for our newest listing in Encanterra tomorrow, May 6th from 12-2 PM! 

1773 E Grand Ridge Rd, Queen Creek, AZ⁠
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2 Bed⁠
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2 Bath⁠
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1,574 Sq. Ft.⁠
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Monaco plan⁠
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$499,000⁠
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We’ll see you there! And if you can’t make it, no problem! Send us a message and we’d be happy to book you for a private showing so you can start enjoying the good life now! 

Contact us for private showing! Shea Preferred Realty Group

Click here for the property link: 1773 E Grand Ridge Rd, Queen Creek, AZ⁠

Top Reasons of Closing Delays in Real Estate: How to Avoid Them

Are you in the process of buying a home? While it’s an exciting time, the process can be stressful and full of surprises. One of the most common issues that homebuyers face is closing delays.

Here are the top reasons for closing delays and how to avoid them!

 

  1. Financing Falls Through

Even if you have been pre-approved for a home loan, there is no guarantee that you will be approved for the mortgage. Lenders need to review your finances again before giving final approval, and any changes to your debt-to-income ratio, such as buying a car or switching jobs, can cause delays. To avoid this, make sure to avoid major purchases or job changes during the home buying process.

  1. Appraisal Falls Short

Lenders require home appraisals to ensure the property’s value matches the price that the buyer has agreed to pay. If the appraisal comes back lower than expected, it can cause a delay. To avoid this, make sure to hire a reputable appraiser and consider getting a second opinion if you disagree with the initial appraisal.

  1. Issues with the Title Search

Before closing on a home, buyers need to ensure that the sellers have the legal right to sell the property. This is done through a title search, which can uncover challenges such as unpaid property taxes or liens against the home. If there are any issues with the title, it can cause a delay in closing. To avoid this, make sure to hire a reputable title company and review the title search thoroughly.

  1. Contingency Failures

Many home purchase agreements include contingencies, such as a buyer needing to sell their current home to purchase the new one. If these contingencies are not met, it can cause a delay in closing. To avoid this, make sure that all contingencies are met before moving forward with the purchase.

Closing delays can be frustrating, but they can also be avoided. By staying on top of your finances, hiring reputable professionals, and reviewing all documents thoroughly, you can ensure a smooth and timely closing process. To avoid these delays, contact Shea Preferred Realty Group

Encanterra Home for Sale: 132 E. El Prado Dr, Queen Creek, Az 85140

132 E El Prado Dr, Queen Creek 85140 

• 2 Bed⁠
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• 2 Bath⁠
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• 1,433 Sq. Ft.⁠
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• St. Tropez plan⁠
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• $579,000⁠

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Two words…..STUNNING and PERFECT! This popular St. Tropez was built in 2019 and is ready for you! Every design detail was thought out in this home. Upgraded tile flooring, custom shutters and beautiful lighting make this home look and feel like a model. The outdoor space is one of a kind with a custom sun shade off the back patio. Cozy around the custom fireplace and entertain your friends and family. The kitchen is well equipped with gas cooktop, stainless steel appliances and large kitchen island. Both bathrooms have tile surrounds and gorgeous granite. This home has the wow factor you are looking for and the Encanterra lifestyle you get with purchasing this home is unlike any other. ⁠
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Reach out to our team to book your showing today! 

To view the property, click here: 132 E. El Prado Dr, Queen Creek 85140

Just Closed! 893 E. Cobble Stone Dr, Queen Creek 85140

JUST CLOSED! ⁠


✨ 893 E. Cobble Stone Dr, Queen Creek 85140 ✨​​​​​​​​​⁠
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This STUNNING premium homesite in the resort collection at Encanterra has officially closed! ????⁠
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If you’re considering making a move in 2023, let’s meet up and strategize how to make that happen for you! We would love to help you through the process ????⁠
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Click the link in our bio to see the current value of your home! ????⁠
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#encanterra⁠
#golfresort⁠
#sheapreferred⁠
#sheahomes⁠
#trilogy⁠
#homesforsale

Encanterra Realtors – Onsite Resale Team

WATCH THIS!

If you are looking for a real estate team that knows Encanterra like the back of their hand, look no further than Shea Preferred Realty Group! We are not just real estate agents, we are Encanterra’s Onsite Resale Team located in Queen Creek, Arizona.

Our team is dedicated to providing the best possible experience for our clients when it comes to buying or selling a home in Encanterra. We understand that the process can be overwhelming, but with our expertise and knowledge of the community, we make it easy and stress-free.

Whether you are a first-time homebuyer or a seasoned investor, we will work with you to find the perfect home that fits your needs and budget. And if you are looking to sell your home, we will use our marketing skills and knowledge of the market to get you the best possible value for your property.

If you are in the area, we invite you to stop by and say hello at our office located at 651 E. Peach Tree St, Queen Creek, AZ 85140. While you are here, why not take a tour of Encanterra’s model homes? We would be happy to show you around!

Contact us anytime! Shea Preferred Realty Group

Real Estate Market Report – APRIL 2023

According to the latest data from the Arizona MLS, the number of active listings in Encanterra has increased substantially to 44, up from just 17 in April 2022. This may suggest a shift in the market, as more homeowners may be looking to sell their properties.

Despite the increase in active listings, the number of new listings in Encanterra as of April 2023 remained steady at 15. Additionally, there were 7 pending listings, indicating a reasonable level of activity in the market. However, the number of sold listings has decreased to 10, down from 19 in April 2022. This may suggest that properties are taking longer to sell, or that buyers are becoming more selective.

The sale-to-list price ratio has also decreased, standing at 94.2% in April 2023, down from 98.9% for the same month in 2022. This suggests that buyers may have slightly more bargaining power than in the previous year, as sellers may be more willing to negotiate on their asking price.

If you are a homeowner in Encanterra and are interested in selling your property, it is important to work with an experienced Encanterra Specialist who can help you navigate the market and set an appropriate asking price. The increase in active listings may result in more competition, so it is important to price your property competitively.

If you are a prospective buyer, the increase in active listings may mean that you have more properties to choose from. However, the decrease in the sale-to-list price ratio suggests that buyers should still be prepared to make reasonable offers and be patient in the negotiation process.

Whether you are a buyer or seller, it is important to stay up-to-date on the latest trends and data in the real estate market. If you have any questions or concerns about the market in Encanterra or the broader Arizona real estate market, don’t hesitate to reach out for guidance.

See below for the detailed market update.

The Market Isn’t Crashing Anytime Soon

Despite what some may think, the market is expected to remain steady and not experience a downturn!

Here are several factors that contribute to this:

  • Homeowners are recluctant to sell: As per the National Association of Realtors, the volume of U.S. Existing Home Sales in January 2023 has decreased by 34% in comparison to January 2022. Due to being bound to low-rate mortgages, a large number of homeowners are not eager to sell their properties as they would have to relinquish the favorable rate to buy a more costly home with a higher mortgage rate.
  • Mortgage delinquency rates are low: Mortgage delinquencies, which indicates late payment by a homeowner on their mortgage, is relatively low. This can be attributed to the fact that lenders are not extending credit to borrowers who have poor credit scores.
  • Home equity is at an all-time high: Compared to 2008, homeowners now possess a significant amount of home equity which puts them in a strong financial position and enables them to sell their property at a profit. The Home Equity Report by CoreLogic reveals that in the third quarter of 2022, individuals in the United States with outstanding mortgages saw their equity increase by 15.8%.
  • The housing market is starved for inventory: One of the driving factors behind the appreciation in home prices in recent years has been the lack of inventory. The 2008 housing crisis caused the closure of many small home builders, leading to a decline in new builds. Although new builds have resumed, the global supply chain shortage has increased construction material costs and slowed down the process.

    As the real estate market is currently experiencing a shortage of inventory, there is a substantial demand waiting to be fulfilled. It is improbable for a single factor such as interest rates to cause a slowdown in home price appreciation. A combination of inflation, affordability, interest rates, supply, and other factors will probably have to come together throughout the year to cause a decrease in home prices.

Now is the time to buy! Give our team a call and let’s get a customized home search started for you!

– Shea Preferred Realty Group

Coming Soon Encanterra Home for Sale! 1773 E Grand Ridge

See this home first before anyone else!

COMING SOON ENCANTERRA HOME: 1773 E. GRAND RIDGE RD, QUEEN CREEK, AZ 85140

Start enjoying Encanterra today! This popular Monaco plan has attention to detail everywhere. As an added bonus this home even offers a 3 KW Solar System that is paid for in full. Enter the home past the stone courtyard and lush landscaping. Inside you’ll find custom tile work, wood shutters and a spacious kitchen. Both bathrooms have upgraded tile and granite. Outside you’ll want to entertain friends all year round in the Arizona-style living space that features a private covered patio, a cozy fireplace and built-in BBQ. Enjoy the low maintenance turf grass too. The backyard offers a wrought-iron view fence, but mature trees offer plenty of privacy. Encanterra offers world class amenities right at your fingertips. Come see this home today!⁠
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Reach out to our team to book your showing today! Check the property here: 1773 E. Grand Ridge Rd, Queen Creek, AZ 85140

(The link is valid until 5/25/2023)

Home Spotlight: 1372 E. Corsia Lane

Here’s our Featured Listing for this week!

HOME SPOTLIGHT: 1372 E. Corsia Lane, Queen Creek, AZ 85140

$40K price reduction for immediate sale. Situated on a premium homesite, this stunning 2 bedroom, den and 2.5 bath home boasts luxurious finishes and amenities, including a three-car garage and a gorgeous backyard oasis perfect for entertaining. The gourmet kitchen is a chef’s dream, complete with stainless steel appliances, double ovens, quartz countertops, and tons of storage space. The kitchen also features a large island with a breakfast bar, providing the perfect space for hosting guests or enjoying a casual meal. The backyard is a true oasis, with a fire pit, BBQ grill, water feature, and turf grass. Perfect for hosting summer barbecues or enjoying a relaxing evening under the stars. The 3 car garage provides plenty of storage space for all your toys and cars. Book your tour today!

Interested in viewing this beautiful family home? Connect with us today to schedule a private showing: Shea Preferred Realty Group OR you may go directly to the MLS to view all the details and photos for the home here: 1372 East Corsia Lane, Queen Creek, AZ 85140

 

Ben Leeson and TJ Kelley

Arizona Experience Realty Group Resale Broker for the SHEA Preferred Program

480-677-8170

Info@ENCBrokers.com

 

36460 N Encanterra Drive Queen Creek, AZ 85140