Phoenix Metro Realty, Inc. Chandler Real Estate Service

Chandler Arizona Real Estate and Property Management Blog

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Fulton Homes proposed changes to their Fulton Ranch Subdivision

February 18th, 2009 by Ferdy
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Fulton Homes is planning to offer homes in the $300K in their Fulton Ranch Subdivision in Chandler, Arizona. Fulton Ranch is the most expensive subdivision Fulton Homes ever developed. It features ½ acres custom home lots in the middle of a lake system and two high end track home communities, Aegean and Gallery. The custom home lots start in the $500K. The starting base price for the Aegean and the Gallery is in the $600K and $400K, respectively, these are expensive cookie cutter homes.

I was watching the presentation of Fulton Homes proposed changes to their Fulton Ranch Subdivision to the Chandler City Council. There were few Fulton Ranch home owners attended because of the lack of notice by Fulton Homes. Fulton Homes only gave notices to home owners within 600 feet of the proposed changes, which meets the minimum legal requirement by the city of Chandler; however, it affects the entire subdivision and Fulton Homes should have given all Fulton Ranch home owners the notice instead of taking a short cut with a minimum requirement. The few Fulton Ranch home owners that attended the meeting voiced their concerns and they’re all against the Fulton Homes propose changes.

It seems Fulton Homes is trying to get their proposed changes with minimal feedback to the City Council from the Home Owners and hoping for a quick approval. I understand Fulton Homes needs to change their offering to stay competitive; they can not continue to offer million dollar cookie cutter homes in the current real estate marker. Fulton Homes filed Chapter 11 bankruptcy a couple weeks ago and this is part of their restructuring. Fulton Homes try to be sneaky about it and their spokes person is simple full of shit by presenting the new proposed homes will be equal or better. Make the changes to stay competitive to sell out Fulton Ranch but be honest and ethical about it. Disclose everything to the current homeowners who they sold the Fulton Ranch Dream. Most of these home owners are highly educated and can see pass the BS. Fulton Homes should have at least sent out email notifications to the home owners who registered online for warranty work and post notices of the public hearing on the Parcel’s Mail Stations. A short letter of why they need to change would have softened the blow. I understand the concerns of the Fulton Ranch homeowners; the proposed changes will affect their home values in the future when they refinance or sell their homes, these new homes will be their comparatives. The next Chandler City Council meeting is February 26th; they most likely approve the changes.

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Downtown Chandler Living, The Villas at San Marcos Commons

January 20th, 2009 by Ferdy
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The Villas at San Marcos Commons located in downtown Chandler, Arizona. Four different floor plans ranging from 1,300 to 2,000 square feet, two and three bedrooms and two car attached garages. The builder is offering 4.5% Interest Rate on 30 Year Fixed*. Base price starts at $200,000. Email me for more info and current pricing - ferdy@PhoenixMetroRealty.com

The Downtown Chandler townhomes at San Marcos Commons combine Old World Charm and Modern Architecture. These Chandler multi-story townhomes feature spacious room dimensions, dramatic 10-foot ceilings with oversized windows and rich hardwood floors. Each townhome is complete with private two-car garages, open patios and scenic balconies. Discover the character that San Marcos Commons brings to the booming redevelopment of downtown Chandler, Arizona.

Please visit our main site for our Chandler Home Buyer Incentive.

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1473 W HOPI DR Chandler, AZ Rental Update

January 19th, 2009 by Ferdy
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The rental home in Blakeman Ranch, 1473 W HOPI DR Chandler Arizona, is under contract and it’s off the market. It was rented after a week in the market; the tenant signed a rental agreement last Saturday and secured the home with an earnest deposit. It was rented for $1,450/month, our asking price, and we colleted a deposit of 1.5 times of the monthly rent (maximum legal rental deposit in Arizona). We had 4 showings from prospect tenants accompanied by realtors before we took it off the MLS and we continue to receive inquiries from the internet. The two most important things in renting a home are to get it rent-ready and price it correctly from the comparative rentals in the neighborhood. It’s easy to see that if several rentals are price the same in the neighborhood, the rent-ready home will be absorb by the market first.

To get the home rent-ready, the whole house needs to be clean; that means steam clean/shampoo the carpet, bathrooms should be spotless, and stained walls needs to be painted. It has to smell good so put an air freshener and fresh flowers in the kitchen. The homeowner needs to minimize the furnishing or move out. Some furnishing will help define the rooms and it actually makes the space bigger; an empty 10×10 bedroom would look like it would not fit a small bed but it would actually fit a queen size mattress with plenty of extra space for drawers. Fix or replace broken appliances, bathroom fixtures, faucet, lighting, window covers, etc… Finally, a flyer of the rental home with all desire features should be place on the kitchen counter for the potential renter.

Our property management service in Chandler will get your home rent-ready. We can save you money by getting your home rented by a quality renter faster. A month of vacancy is a $1,450 loss in this case. We charge 50% of the monthly rent as a leasing fee to get your home rented fast, you can look at this as you are getting 50% more because we are able to rent your home a month faster. It’s win-win property management agreement because we do not get paid unless we rent your home, we will not take your rental home unless we are confident we can find you a quality renter.

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December 2008 Chandler Real Estate Statistical Market Analysis

January 11th, 2009 by Ferdy
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This is my first post of Chandler Real Estate Statistical Market Analysis in this site. I’ll make it a hobbit of posting the MLS (Multiple Listing Service) home sold in the city of Chandler every month. I’ll start charting it after the first quarter of 2009 when I have enough of my own data.

The MLS search criteria for this data are: City is Chandler, Residential Property, Single Family-Detached (houses only), and the Close of Escrow date is from December 1st to December 31st.

There were 214 Sold Homes in December 2008. The Average List Price is $257,397 and the average Sold Price is $248,233. That means the home sellers sold their homes an average of 96.4% of their Final Listing Prices. I did not collect the original list prices because it’s really irrelevant when it comes to what price is the buyers are willing to make an offer, Pending prices (which is the final listing price) is the only thing that matters in the current Chandler real estate market. Sold price is the price of the offer. The average home size is 2,153 Square Feet and the Average Days in the market is 81. Today (January 11, 2009), there are current 1,756 Homes in the MLS for Sale within the City of Chandler which equates to over 8 months of inventory.

Download December’s Chandler Real Estate Statistical Market Analysis. For a free Comperative Market Analysis, click the link and please email me with the required info. For more information about our flexible listing, please click the link to enter our main site.

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Chandler Home with a Pool for Rent

January 11th, 2009 by Ferdy
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1473 W HOPI DR Chandler, AZ 85224
     For Rent: $1,450/ Month

1473 W. Hopi Dr. Chandler, AZ 85224

We finally got this beautiful Chandler home rent ready. Here are the descriptions: Single Level 2,089 Square Feet, 4 Bedrooms, and 3 Full Bathrooms. Plenty of storage, it’s got a 3 Car Garage. It feels better than the actual square footage because of the high voltage ceiling. The $1,450 monthly rent includes the front yard Maintenance and the Pool Service. This home has two Master Bedrooms. Both master sweets have a full bathroom and walk-in closet. The main master bedroom has a separate tube and shower and separate toilet room with a door. The HVAC just got upgraded to a new Train Efficient AC/Heat with dual electric and gas heating, the heating runs on electric when it’s not that cold and it switches to Gas in freezing temperature, top of the line stuff and it has an integrated Central Air Filtration. The kitchen has upgraded appliances with Microwave, Gas Stove, and a Side-by-Side Refrigerator. Every room has a ceiling fan. The home sits in a great Location across from the subdivision’s open space and it’s has a large Corner lot for privacy. MLS # 4100559, click the link to see more pictures – Chandler Homes for Rent.

Please see our main site, for more information of our Property Management Service in Chandler, Arizona.

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