Is it Time to Buy a New Home?

How do you know if it is the right time to buy a new home?

Here’s an expert advice from Ben:

It might seriously be time to ditch the landlord, buy a home, and make your own rules. These 5 questions may help guide your decision…

1. Can you afford a down payment? You don’t need piles of cash, but you do need a little (say 3-10% of the home price) to qualify for a competitive interest rate

2. Do you have regular income? Two years of employment history is preferred, but other factors, such as a high credit score and low debt-to-income ratio, can sub for less than two years.

3. Do you know where you want to live? If you’re new to the area, you might want to wait a few months and get your bearings. I promise you’ll know what areas feel like home after a while

4. Do you plan on staying put for a while? No one knows the future, but sticking around for 2-5 years is ideal if you can make it work.

5. Are you comfortable with current home prices? Sure, they’re higher than you’d like, but when you run the numbers, you feel confident you can make the budget work.

Is 2023 the year you become a homeowner? DM us, and let’s talk about you and homeownership: Shea Preferred Realty Group

 

Love Live Music? Visit these Options in Encanterra!

Love live music? Look no further than right here at Encanterra!

Here are a few options for you this week!

  • Palma Kitchen + Tap

Head on up to Palma Kitchen + Tap  for live music from Serena Nicolle on Saturday,  March 4th from 6:00PM – 9:00PM!

Click here (link: https://youtu.be/plGGQUOM2ZU) to view a sample of his music.

We hope to see you there!

Date and time Sat, Mar 4, 6:00 PM – 9:00 PM

Location: Palma Kitchen + Tap

Event is available to: Members and Their Guests

 

  • Algarve

Head on down to the Algarve for live music from Dave Clark on March 3rd from 6:00 pm- 9:00pm

Click here (link: https://youtu.be/UA4wYaw6vUY) to listen to a sample of his music.

Date and time Fri, Mar 3, 6:00 PM – 9:00 PM

Location Algarve

Event is available to: Members and Their Guests

 

Spring into Action: Boost Your Home’s Curb Appeal with Expert Guidance

To sell your home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has a different feel. There are more homes for sale than there were at this time last year, but inventory is still historically low. So, if a house has been sitting on the market for a while, that’s a sign it may not be hitting the mark for potential buyers. But here’s the thing. Right now, homes that are updated and priced at market value are still selling fast.

Today, homes with curb appeal that are presented well are still selling quickly, and sometimes over asking price. According to Danielle Hale, Chief Economist at realtor.com: “In a market where costs are still high and buyers can be a little choosier, it makes sense they’re going to really zero in on the homes that are the most appealing.” With the spring buying season just around the corner, now’s the time to start getting your house ready to sell. And the best way to determine where to spend your time and money is to work with a trusted real estate agent who can help you understand which improvements are most valuable in your local market.

Curb Appeal Wins

One way to prioritize updates that could bring a good return on your investment is to find smaller projects you can do yourself. Little updates that boost your curb appeal usually work well. Investopedia puts it this way: “Curb-appeal projects make the property look good as soon as prospective buyers arrive. While these projects may not add a considerable amount of monetary value, they will help your home sell faster—and you can do a lot of the work yourself to save money and time.”

Small cosmetic updates, like refreshing some paint and power washing the exterior of your home, create a great first impression for buyers and help it stand out. Work with a real estate professional to find the low-cost projects you can tackle around your house that will appeal to buyers in your area.

Not All Updates Are Created Equal

When deciding what you need to do to your house before selling it, remember you’re making these repairs and updates for someone else. Prioritize projects that will help you sell faster or for more money over things that appeal to you as a homeowner. The 2022 Remodeling Impact Report from the National Association of Realtors (NAR) highlights popular home improvements and what sort of return they bring for the investment (see graph below): Remember to lean on your trusted real estate advisor for the best advice on the updates you should invest in. They’ll know what local buyers are looking for and have the latest insights of what your house needs to sell quickly this spring.

Bottom Line

As we approach the spring season, now’s the time to get your house ready to sell. Let’s connect today so you can find out which updates make the most sense.

Switch out Your Lightbulbs!

In today’s world, there is no shortage of talk about energy efficiency and conservation. One way to reduce your energy bill and help the environment is by switching to energy-saving light bulbs. Try switching out to a Daylight LED lightbulb! Not only is this an inexpensive fix, it’s a quick one too! It is more efficient than a regular lightbulb as this will save your energy bill! It also fixes your home feeling dark and dreary.

When you switch from regular incandescent lightbulbs to energy saving ones, you will save money on your electric bill as well as reduce your carbon footprint. With LED or CFL bulbs, you can save up to 75% on your lighting costs over time! Another benefit is that these types of bulb do not give off heat like traditional incandescent lightbulbs do, so they can help keep your home or office cooler in the summer months when air conditioning costs can quickly add up.

Comment your favorite quick and easy home refresh tips below!

Home Cleaning Makes Good First Impression to Sell Home

Having a clean and organized home is SO important when it comes to selling your home!

Potential buyers want to come into a home and be able to envision their family living there! ???? First impressions are everything! You have about 7 seconds to make a lasting impression once potential buyers walk in the door ????

A clean home makes an amazing impression and it shows you care! Not only will they not be able to envision themselves in the space, they will most likely judge you and your clutter.

So take my advice, and clean your home before a showing! @Shea Preferred Realty Group

Is It Time to Buy?

Here’s a list of questions you need to answer. If you answered YES to most of these, it may be TIME!

01 -Is your debt-to-income ratio in a healthy place?

02 -Do you desire more privacy at home?

03 -Are you content in your current job?

04 -Are you going to stay in the area for a few years?

05 -Do you want to buy a home?

 

Are you considering buying but aren’t sure whether you’re truly ready? Answer these questions and decide for yourself! ???? When you’re ready, we’re here for YOU!

Send us a DM for more information about living in the Encanterra Community!????

#eastvalley #eastvalleyaz #eastvalleyrealestate #encanterra #realestateteam

Don’t Go House Hunting Alone: Why You Should Hire a Real Estate Pro

Buying or selling a house isn’t something to take lightly, so why would you try to do it on your own? The process of finding the right home can be overwhelming and stressful. Sure, you can search online for listings and visit open houses, but there is only so much research you can do before you need a helping hand—which is why it is important to hire a real estate professional.

The Benefits of Working with a Real Estate Professional
Working with an experienced real estate agent offers many benefits that will make your home buying or selling experience less stressful. A real estate professional provides more than just an extra set of eyes; they offer their expertise in navigating the real estate market and provide invaluable advice throughout the entire process. Here are some of the many advantages of having an expert on your team:

1. Knowledgeable Guidance: A real estate agent has extensive knowledge about the local market and knows what kind of homes are in demand in certain neighborhoods. They understand how to best price homes for sale or negotiate offers when buying. Their expertise also helps them identify potential issues with properties and alert clients to any red flags that could affect their decision making. By having a knowledgeable guide by your side, you won’t have to worry about making costly mistakes due to lack of experience or information.

2. Negotiation Strategies: Negotiating is one of the key components of successful home buying or selling, so it’s essential to have someone who knows how to handle these conversations effectively on your side. An experienced real estate agent will be able to anticipate the other party’s next move and use strategies designed specifically for each situation. This can be invaluable when it comes time to close the deal and ensure that both parties get what they want out of it.

3. Accessibility: When working with a real estate professional, they are always available when needed—from answering questions via text message or email during business hours, to meeting up after work if needed—they are there every step of the way ensuring that their clients receive exceptional service throughout the entire process. Plus, since they often have contacts within legal offices, mortgage companies, etc., they can help facilitate transactions more quickly than if you were trying to handle everything yourself!

Buying or selling a house can seem like an intimidating process at first glance; luckily there is no need for it to be overwhelming! By hiring a real estate professional, you can rest assured knowing that someone who understands all aspects of the process will be there every step along the way providing valuable guidance from start to finish. So don’t go house hunting alone – trust an expert in the field instead! With their help, you’ll end up finding exactly what you’re looking for in no time!

Speed Sells: Why Longer Listing Times Cost You Big Time

Selling your home is an exciting process—until you realize that the longer it’s on the market, the more money you’re going to have to shell out. That’s right: the longer your house sits, the more money it costs you.

Here’s why.

The Real Estate Market is Fickle
Real estate markets are fickle beasts at best. What’s hot one month may be cold the next. Besides that, a few days of bad weather can put a damper on showings and make your house look less desirable than it really is. On top of all that, if your listing has been up for weeks or months without any offers, buyers are likely to think that there must be something wrong with it and will pass on making an offer. With this in mind, it pays to be strategic when setting your listing time frame in order to maximize your profits and minimize your losses. This is where Real Estate Professionals rescue you!

The Costs Can Add Up Quickly
When you list your home for sale, you typically have to pay closing costs (a percentage of the purchase price), realtor fees (usually 6-8% of the purchase price), taxes owed on any profits from the sale (if applicable), and other miscellaneous costs associated with selling a home (such as inspections). All of these costs add up quickly – and they don’t get any cheaper when your house remains unsold for several weeks or months! The longer a house remains listed without receiving an offer, the more costly it becomes for sellers; every week that passes without an offer raises expenses exponentially.

Strike While the Iron Is Hot
If you want to avoid paying too much in closing costs and realtor fees, then you should consider taking advantage of market trends while they last. If prices are rising in your area, or if homes similar to yours have been selling quickly recently, then now is definitely a good time to list! Taking action while market trends favor sellers helps keep overall costs low by minimizing long-term listing times and reducing exposure to potential buyers who might not be as eager to make an offer if they know that other buyers have already passed on it before them.

“If you’re in need of an expert that can help you sell that house fast, let’s meet!”

–Shea Preferred Realty Group

 

 

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