Page 6 March 2014 By Jonathan T. Hasebe 1. Get your order. In order to get the best possible loan for your business, you need to put your best foot forward. Presenting your business in an organized and professional manner will go a long prospective lenders, ultimately saving time and increasing your chances of securing the loan you want. Every lender will require some basic documentation, so it’s a good idea to get these documents cleaned up and assembled. Before you begin to apply for loans, you should be making a wish list of the important terms that you’d like in your loan documents. While some lenders may be more willing to negotiate than others, don’t be afraid to ask for what you want. Even if you don’t get everything on your putting together your wish list, you should ask yourself some questions that will help determine what terms are important to you. What type of loan should I be applying ! " borrower should think about what type of loan best suits their business whether it be a term loan, a line of credit, or something else. How do you envision the loan being secured? Lenders will need some security to back up their loan, whether it’s collateral in the form of property or a guarantee. However, a borrower may be willing to # (limit or duration of a personal guarantee). Once the loan documents are drafted, $ has agreed to an item from your wish list, ! !! document. If there is a later disagreement regarding the terms of one of the loan written contract doesn’t govern, even if you can show that the terms are different than those agreed to in the negotiation process. "# ! After the ink has dried and you get your money, keep in mind that your lender is now # # for how you will operate. These # % your loan payments on time and typically & have to meet), negative covenants (things you cannot do without lender permission), & have to do to avoid defaulting). Before signing your loan documents, review these covenants carefully to make sure you are # ' yourself needing your lender’s permission for even routine business decisions you previously made on your own. $ ! It’s important that a business owner seek advice from trusted professionals like accountants and lawyers early. These professionals assist in preparing documents for the application process that prevent any misstatements or omissions in the application, help negotiate and document the terms and conditions of the loan to better tailor the loan to your business, and help business owners fully understand all covenants and obligations so as to avoid the high costs associated with a potential default. Jonathan Hasebe is an associate at Gallagher & Kennedy. He practices in the areas of both general commercial litigation and transactional law. For more information about Mr. Hasebe, please visit www.gknet.com. What’s Happening, Arcadia? Archaeology for Kids Pueblo Grande Museum 4619 E. Washington St. Sat., March 1, 9:30 a.m. - 12:30 p.m. Children ages 7 to 12 can become a Junior Archaeologist and discover the science of archaeology by doing a simulated excavation of a Hohokam pit house. www.pueblogrande.com Fridays in the Park @ Civic Space 444 N. Central Ave. Every 1st & 3rd Fri. through May 6 - 10 p.m. Entertainment - movies - poetry - lectures - food trucks - and more! Visual arts, performances on the outdoor stage, spoken word, movies in the A.E. England Building, ArtLink gallery openings are just some of the activities families might see on any given 1st or 3rd Friday night. phoenix.gov/parks/parks/civicprk.html Girls in Books – A Mother/ Daughter Book Club Saguaro Library Sun., March 2, 4 p.m. – 5 p.m. On the first Sunday of each month, share stories about the exciting adventures of strong and brave girls. Activities and refreshments provided by the Friends of the Phoenix Public Library, Saguaro chapter. http://www.phoenixpubliclibrary.org Scottsdale Arts Festival Scottsdale Civic Center Park Fri. – Sun., March 14–16 10 a.m. – 6 p.m. 200 artists from across the Valley come together in one event that offers live music, great food and family environment. www.scottsdaleartsfestival.org/ Adopt-a-Street Clean Up 48th St. between Indian School Rd. and McDowell Sat., March 15 at 8 a.m. Arcadia Osborn Neighborhood Association will hold its quarterly Adopt-a-Street Clean Up on the 48th Street linear park. Help your neighbors clean up the street and park from 8 a.m. to 9 a.m. Questions? aonainfo@gmail.com 31st Annual St. Patrick’s Day Parade Third St. at Sheridan St. (south of Thomas Rd.) March 15 at 10 a.m. More than 100 people will capture the hearts of parade-goers including three Irish step-dancing groups, Scottish bag pipe performers, high school bands, twirlers and more than 10 floats. www.phxirish.org 49th Annual Fine Art in the Garden Shemer Art Center March 15 at 9 a.m. In its 49th year, this spring tradition features 20 artists working in watercolor, oil, pastels, printmaking, jewelry, ceramics, fused glass, quilting, and sculpture. All artwork is for sale and there will be live music and light refreshments. A raffle of 20 special works will be held to benefit the Shemer Art Center’s education programs. www.shemerartcenter.org African Children’s Choir in Concert Prince of Peace March 16 at 6 p.m. The African Children’s Choir is composed of African children, ages 7 to 10 years old. Many have lost one or both parents through the devastation of war, famine and disease. They represent all the children of a continent and they demonstrate the potential of African children to become strong leaders for a better future in their land. www.aplaceofgrace.org Scottsdale Civil War Round Table Civic Center Library March 18, 6:40 p.m. Speakers are comprised of well-known Civil War experts from around the country. Everyone is welcome. No admission charge. www.scottsdalecwrt.org Prince of Peace Street Fair – Youth Fundraiser Prince of Peace March 29, 5 p.m. - 7 p.m. Amazing food, music and fun in the front parking lot at POP. The band “Raising Faith” will be here to rock the house! A silent auction with great items and a raffle for a baby grand piano! www.aplaceofgrace.org Ultimate Play Date Scottsdale Civic Center Library Sat., March 29, 9 a.m. - 1 p.m. FREE Admission On Saturday March 29, join family and friends at the Scottsdale Public Library’s 2nd annual Ultimate Play Date. There will be arts, crafts and live story telling at this event. Various community partners will also be on hand with fun activities including the Scottsdale Police Department, the Musical Instrument Museum and more! This event is a free event focused on children through 8 years of age. www.scottsdalelibrary.org/ ultimateplaydate M A R C H 2 0 1 4 E V E N T S To have events considered for the Calendar, submit information to calendar@arcadianews.com by the 15th of the month prior to publication. Calendar listings may be edited and published by Arcadia News as space allows and at the discretion of the editorial team.
2014 Tavan School District Sales Results (1/1/2014- 1/31/2014) Active Homes - 69 Homes Homes Sold - 15 Homes Average Sale Price - $467,667 Average Sold $ Per SF - $182 Average Days On Market -47 days • There is currently 4 months of home inventory (based on 2013 sales results) • 2014 home sales have decreased 16% this year. (based on 2013 sales results) • Home prices have increased 13% this year. (based on 2013 sales results) • $ Per Square Foot prices have increased 2% this year. (based on 2013 sales results) • Homes are taking 28% less time to sell this year. (based on 2013 sales results) 2013 Tavan School District Year End Sales Results Homes Sold - 217 Homes Average Sale Price - $403,875 Average Sold $ Per SF - $189 Average Days On Market -66 Days 2012 Tavan School District Year End Sales Results Homes Sold - 207 Homes Average Sale Price - $326,316 Average Sold $ Per SF - $158 Average Days On Market -66 Days 2011 Tavan School District Year End Sales Results Homes Sold - 203 Homes Average Sale Price - $265,505 Average Sold $ Per SF - $128 Average Days On Market -102 Days 2010 Tavan School District Year End Sales Results Homes Sold - 145 Homes Average Sale Price - $294,278 Average Sold $ Per SF - $142 Average Days On Market -140 Days Arcadia Real Estate Stats 2014 Hopi School District Sales Results (1/1/2014- 1/31/2014) Active Homes - 171 homes Homes Sold - 11 homes Average Sale Price - $745,810 Average Sold $ Per SF - $258 Average Days On Market -69 days • There is currently 6 months of home inventory (based on 2013 sales results) • 2014 home sales have decreased 56% this year. (based on 2013 sales results) • Home prices have decreased 11% this year. (based on 2013 sales results) • $ Per Square Foot prices have decreased 3% this year. (based on 2013 sales results) • Homes are taking 21% less time to sell this year. (based on 2013 sales results) 2013 Hopi School District Year End Sales Results Homes Sold - 305 Homes Average Sale Price - $845,430 Average Sold $ Per SF - $262 Average Days On Market -88 Days 2012 Hopi School District Year End Sales Results Homes Sold - 282 Homes Average Sale Price - $777,607 Average Sold $ Per SF - $235 Average Days On Market -102 Days 2011 Hopi School District Year End Sales Results Homes Sold - 238 Homes Average Sale Price - $635,344 Average Sold $ Per SF - $197 Average Days On Market -124 Days 2010 Hopi School District Year End Sales Results Homes Sold - 202 Homes Average Sale Price - $670,142 Average Sold $ Per SF - $200 Average Days On Market -156 Days If you are buying or selling a home in Arcadia, call Tommy! 6152 E Calle Camelia • $1,175,000 5 bedroom / 4 bath • 3,226 square feet Charming Arcadia Ranch 3811 N 64th Street • $799,000 4 bedroom / 3 bath • 2,889 square feet Arcadia Remodel 3122 N 40th Street • $210,000 3 bedroom / 1 bathroom • 1,212 square feet 13,471 sf subdividable lot visit Tommy Atkinson .com Free MLS Access • Complete list of ALL Hopi properties for sale • Complete List of ALL Tavan properties for sale • Complete list of ALL Arcadia foreclosures 5602 E Montecito • $1,095,000 5 bedroom / 4 bath • 4,421 square feet 32,474 square foot lot 5625 E Exeter • $2,100,000 5 bedroom / 5 bathroom • 5,400 square feet Charming Exeter Ranch 6243 E Monterosa • $2,100,000 6 bedroom / 4 bath • 4,593 square feet Charming Arcadia Ranch 4825 E Palomino • $1,495,000 4 bedroom / 3 bathroom • 3,880 square feet Vintage Camelback Mountain 6047 E Calle Del Norte • $1,299,000 4 bedroom / 3 bathroom • 3,200 square feet Charming Ranch I have several buyers looking for houses in Arcadia. 6333 E Lafayette • $1,250,000 4 bedroom / 4 bath • 3,827 square feet Charming Lafayette Ranch Call today commission plan geared to Save You Money! 3132 E Coolidge • $750,000 4 bedroom / 4 bath • 2,820 square feet Charming Red Brick Ranch