Check out the current Real Estate deals in Pinetop Country Club and surrounding communities. With warmer weather coming to the White Mountains, lots of buyers are looking for their next second home or dream home in this cooler climate. New Real Estate listings are hitting our multiple listing service daily. Homes that are priced to sell move quickly in our current market and will continue to do so as we move into the summer months. Below are a few homes that are currently on the market in Pinetop Country Club. If you have any questions about these listings please contact Jason Grimes at Cedar Ridge Real Estate at (928) 358 – 0559:

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(all data current as of 6/19/2021)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Its half way through the month of February and its already starting to feel like spring outside. Since we are expected to have warmer weather this week, I have decided to post some early bird spring home deals currently under $250k. Our site built inventory is extremely low right now and once a good deal hits the Multiple Listing Service, it tends to go under contract quickly. If your actively looking for Real Estate here in the White Mountains, take a peek at some of these great priced listings available. Please don’t hesitate to contact me, Jason Grimes, at (928) 358-0559 with any questions you may have.

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(all data current as of 6/18/2021)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

After just listing a home in Cheney Ranch last week, I have decided to do a special blog entry showing all current active homes inside this popular subdivision. What makes Cheney Ranch such a popular subdivision is that all properties are subdivided into at least one acre parcels, every home is a site built custom home, and its close to town in a popular area called Linden. If you haven’t had the opportunity to view this beautiful area located just minutes from Show Low, definitely take the time to drive through Cheney Ranch. Below is a current list of properties available in this very desirable subdivision. If you have any questions regarding any of these properties please let me know how I may be able to assist you. Contact Jason at (928) 358-0559.

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(all data current as of 6/19/2021)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

The Shores is a gated community located in the heart of Lakeside, Arizona. You can find amazing deals on custom built homes that actually have lake front property here in Arizona. The Shores subdivision has both condos and homes for sale that are either located right on Rainbow Lake or just minutes away. Don’t miss out on the opportunity to live right on the lake in one of the only locations in Arizona that offers this. Majority of the residents that have homes that are situated on Rainbow Lake have their own private boat docks. Enjoy fishing or amazing views from your back yard looking onto Rainbow Lake. Also, there is a Home Owners Association in this community that keeps the area very clean and landscaped. Check out the latest listing inside The Shores at Rainbow Lake and be sure to contact Jason Grimes if you have any questions.

Homes For Sale In The Shores At Rainbow Lake

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(all data current as of 6/19/2021)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Beautiful Sierra Pines Homes For Sale In May 2012

Sierra Pines is a beautiful subdivision located in tall mature pine trees here in  Show Low, Arizona. Majority of the lots inside Sierra Pines are at least one acre parcels with custom built cabins, log homes, and newer builds on them. Many of the people that are familiar with the area like to compare Sierra Pines with Torreon. The price per square foot of homes selling in Sierra Pines is equivalent to the price per square foot in Torreon. Unlike the home owners association in Torreon, Sierra Pines has an annual cost of $150 for their HOA’s. Located in the rolling hills south of Show Low, you can be sure to enjoy quiet mountain living, large pine treed oversized lots, wildlife sightings, family orientated community,  and all homes located in Sierra Pines are site built.

Take a peek at some of the newest listings inside the Sierra Pines subdivision below. If you should have any questions or need more information, pictures, or would like a showing please contact Jason Grimes at (928) 358 – 0559 or via email at ( Jason.Grimes@Century21.com ). I look forward to hearing from you and how I can help meet your real estate goals.

Newest Sierra Pines Listings:

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(all data current as of 6/19/2021)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Show Low Tour For Realtors April 12th, 2012

With spring time just around the corner, some of us Realtors are getting together tomorrow to view some of our fantastic homes we have actively listed here in Show Low. These tours give us a chance to show off our homes to other Realtors that might have potential buyers for our listings. Not only do we get a chance to see some really amazing homes, but also the opportunity to get feedback on what other agents in the real estate business think about the homes. Tomorrow we will be meeting at Lawyers Title at 8:30 A.M.  and viewing roughly 12-15 homes that are active listings here in Show Low. The tour will take about 4 hours to see all the homes that are on tour and I was lucky enough to get two of my listings to be viewed at some point tomorrow. I am really excited to see everyone in the morning and show off some great flyers I had made for my sellers. Here are two of my listings that will be included in tomorrows tour:

• We're sorry, but we couldn't find MLS # 112329 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

• We're sorry, but we couldn't find MLS # 112375 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

As an active Realtor here in the White Mountains, I am noticing a decrease in our inventory here in the Show Low area. With real estate prices at rock bottom and foreclosures starts to shrink up, soon prices in will begin to rise again. The current prices in April 2012 on foreclosures are roughly $60 – $70 a square foot and homes that are not foreclosures are selling between $85 – $100 a square foot. With real estate sales picking up in Phoenix and Tucson and their inventory drying up, the market here in the White Mountains is starting to see an increase in buyer activity. Just in time for Spring, we should see our  inventory here in Show Low, Lakeside, and Pinetop continue to slowly decrease because of the time of the year.

First Time Home Buyers Market

Right now is a first time home buyers best opportunity to buy a home before real estate prices are driven upward with the increase in demand. Soon, interest rates will begin to rise and it will be difficult to get an offer in on a home when there are multiple people interested in the same home. This trend is already happening in Phoenix as foreclosures are getting multiple offers right when the listing hits the market.  Our community here in the White Mountains is seeing some of the same trends as well. I have worked with a number of buyers in the past few months that have purchased a home after it only being on the market for several days. There also have been other buyers that I have submitted offers for only to find out there was a higher offer accepted.

If you are still waiting for real estate prices to drop even lower than the current market conditions, you may want to re-evaluate and consider purchasing your first home, retirement home, or second home summer retreat before its to late. This should be a very interesting year as things seem to be recovering and real estate making a come back. Sellers if you are reading, it shouldn’t be much longer till you will start seeing an increases in the value of your property and a shift from being a buyers market to a sellers market.

There is quite a buzz going on in the news about how the real estate market is seeing improvements because of an improving economy. Turn on your television or browse popular online media networks, and you will read or hear about tons of analysts mentioning that we are starting to see a light at the end of the tunnel with the current economic downturn. With election just right around the corner, I often wonder if these reports are manipulated as an attempt to get the president re-elected. For myself, as being an active real estate agent, I have noticed a major upswing on the amount of homes being sold and how quickly foreclosures are getting offers on them right when they hit the real estate market. Many of the clients I work with will ask me, “How is the real estate market doing in the White Mountains, is it moving quickly?”.  The truth of the matter is, because of the low prices and low interest rates, this really couldn’t be a better time to invest or buy real estate if you have the money. Also, we are starting to see lenders productively lending more to qualified buyers, and everything seems to be on a road to recovery. Hopefully time will tell if this will be the year that is either going to make or break the current rise in our economy. Lets stay optimistic and on track to a very successful year for everyone’s sake.

There are often some unfamiliar terms in Real Estate and it’s helpful to get a better understanding of some of these words or abbreviations if you are either searching for a home to buy or thinking of selling your current property.

In the United States, real estate Brokers and their Salespersons most commonly called “real estate Agents” usually handle a sellers marketing/advertising of their property through the selling and assist buyers through a purchasing process. A real estate broker or real estate agent is a party who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and buyers who wish to buy. In the United States, the relationship was originally established by reference to the English common law of agency, with the broker having a fiduciary relationship with his clients. Regardless of whether a real estate agent assists sellers or buyers legal actions are practiced, some form of negotiating will be preformed, assistance with financing and/or other options.

In many states, the real estate agent or salesperson (acting as an agent of a broker) must disclose to prospective buyers and sellers who represents whom. To work, salespersons must be associated with (and act under the authority of) a real estate broker. Although agents commonly fill out the real estate contract forms, agents are typically not given power of attorney to sign because the broker does a final review before signing. After gaining some years of experience in real estate sales, a salesperson may decide to become licensed as a real estate broker (or Principal/qualifying broker) in order to own, manage or operate their own brokerage. Accepting more responsibility and liability. In most of the United States, a person must have a license before they can preform real estate services or collect money rendered for services. Unlicensed activity is illegal, but buyers and sellers acting as principals (representing themselves) in the sale or purchase of real estate are not required to be licensed. In some states, lawyers are allowed to handle real estate sales for compensation without being licensed as a broker or agent.

A REALTOR is a real estate professional who is a member of the National Association of Realtors (NAR). Licensed real estate agents who are not members of NAR and cannot use the term “realtor”.

The Multiple Listing System (MLS) a service introduced in 1967 is now available on line, in printed brochures or by getting listings from your agent. A MLS- Multiple Listing Service or also a Multiple Listing System is a suite of services that enables brokers to establish contractual offers of compensation or selling fee’s (among brokers), facilitates cooperation with other broker participants, accumulates and disseminates information to enable appraisals, and is a facility for the orderly correlation and dissemination of listing information to better serve broker’s clients, customers and the public. A multiple listing service’s database and software is used by real estate brokers representing sellers under a listing contract to widely share information about properties with other brokers who may represent potential buyers or wish to cooperate with a seller’s broker in finding a buyer for the property or asset. The listing data stored in a multiple listing service’s database is the proprietary information of the broker who has obtained a listing agreement with a property’s seller.

“Active”: If a listing is active, then it is available for purchase and there has not been an offer accepted. An offer may have been submitted, but it hasn’t been accepted by the seller or bank yet.

“Pending”: This means an offer has been submitted and accepted, and the property is now under contract waiting for closing.

“AWC”: Stands for Active With Contingencies. This means an offer was submitted and accepted, but there are contingencies that must be settled before the deal can close. There are numerous possible contingencies, but by far the most common one is that the deal is contingent on the buyer’s selling an existing property to secure financing. If a listing is in AWC status, additional offers can be submitted, but will be in “second position” to the original offer (ie: a backup offer). If the contingency can not be met, then the contingent contract would be cancelled and the backup offer moves into first position. Once the contingency is met, the listing should be moved to a “Pending” status.

“TOM”: Means Temporarily Off Market. Contrary to what a lot of people believe, TOM does not stand for Taken Off Market. This isn’t a widely used term or status but it does happen. A property may go TOM if a seller is going to be out of town for an extended period, or if the seller decides to do some repairs to the property and doesn’t want it shown while repairs are being done. If an agent starts calling owners who property is in TOM status to try and “relists” their home, they are violating all kinds of listing and ethical rules and regulations. A property in TOM status is still under a signed listing agreement with a broker & listing agent, hence any solicitation of a TOM property is a serious violation and can cause loss of a license.

“Escrow”: The time period when the transaction or contract is being completed or closed by a natural 3rd party who receives the funds and documents to carry out all the terms and conditions that were outlined in the contract.

“Sold”: This indicates the property has been sold to a buyer meaning the transaction has closed – title/deed have been transferred to a new owner.

Comparative Market Analysis (CMA) – is an estimate of the home’s value compared with others. This differs from an appraisal in that property currently for sale may be taken into consideration as competition for the subject property.

“FSBO”: Means For Sale By Owner, owner(s) have elected not to be helped or be represented by real estate professional in selling.

In some cases a seller will ask or a buyer may elect to put up “Earnest Money” these funds are used to show good faith or seriousness from the buyer(s) that is held in escrow until the closing.

Compensation is traditionally based on a pre-determined % of the sales price, split between the buying and selling brokers, and then between the agent(s).

“CC&Rs”: covenants, conditions and restrictions for private land, a subdivision or condominium

“C of O”: Certificate of Occupancy is granted by a government agency after passing inspections where a property is determined to be in compliance with building and safety codes

“Foreclosure”: A legal proceedure when property is originally used as security/collater for a debt/loan is sold to satisfy/pay back the debt owed after default in payment such as a mortgage.