Some Highlights:
Selling a home can be a daunting task, especially in today’s housing market. While it might seem tempting to try and sell your home on your own, hiring a Real Estate professional specializing in Encanterra ensures your successful sale.
Here are TOP REASONS why hiring an Encanterra Specialist ensures you a successful sale:
1. They’re experts on market trends
An Encanterra specialist knows how the national real estate market is changing and what it means for your community. They can provide you with trustworthy, data-bound information to help you make informed decisions about pricing, timing, and marketing.
2. A local professional knows how to set the right price for your home
Pricing your house too high can deter buyers, while pricing it too low can leave you with less money than you deserve. An Encanterra specialist will assess your home’s condition, upgrades, and location, and compare it to recently sold homes in Encanterra to determine the best price for today’s market.
3. A real estate advisor helps maximize your pool of buyers
Encanterra specialists have access to a wide range of tools and resources, such as social media followers, agency resources, and the Multiple Listing Service (MLS), to help your house get in front of people looking to make a purchase. Without access to these tools and marketing expertise, your home’s selling potential may be limited.
4. A real estate expert will read – and understand– the fine print
With more mandatory disclosures and regulations involved in real estate transactions, it’s important to work with a professional who can navigate the legal documents and speak the language.
5. A local professional is a skilled negotiator
In today’s market, buyers are regaining some negotiation power. An Encanterra specialist can help you coordinate with the buyer, the buyer’s agent, the inspection company, the title company and the appraiser, so you don’t have to go toe-to-toe with them alone. They’ll know what levers to pull and how to address everyone’s concerns and get you the best deal possible.
In today’s market, selling your home without an expert by your side can be a risky move. Enlisting the help of an Encanterra specialist ensures you have a professional real estate advisor who can guide you through the process and help you get the most out of your sale. So, if you’re planning to sell your home this spring, let’s connect and discuss how we can help you achieve your goals.
Contact us for any Real Estate assistance and information you need! Shea Preferred Realty Group
Here’s our Featured Listing for this week!
HOME SPOTLIGHT: 775 E. Farmers Lane, Queen Creek, AZ 85140
Welcome home to this stunning St. Tropez home, built in 2020. Situated on a premium homesite with open space behind the home. It even offers a 4-foot garage extension that provides extra space for your golf cart or bikes. The home’s modern, open concept living area boasts tons of natural light and endless upgrades. The kitchen space is a chef’s dream, featuring top-of-the-line stainless steel appliances, sleek granite countertops, and plenty of cabinet space for all your kitchen essentials. The primary suite offers a tranquil retreat, complete with a luxurious en-suite bathroom featuring a large walk-in shower and double vanity. The secondary bedroom is spacious and comfortable, perfect for guests or a home office. Steps to the new Algarve amenities. Book your showing 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: 755 E. Farmers Lane
A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind.
Houses that are updated and priced at their current market value are still selling. Jeff Tucker, Senior Economist at Zillow, says:
“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”
The need to price your house right is so important today because the market has changed so much over the past year. Danielle Hale, Chief Economist at realtor.com, explains:
“With a smaller pool of buyers today and more competition from other homes on the market, homesellers will likely need to adjust their price expectations in the market this spring.”
While this spring housing market is different than last year’s, sellers with proper expectations who lean on a real estate expert for the best advice on pricing their house well are still finding success. And that’s great news if you’re thinking about selling.
As mortgage rates have risen and remain volatile, some buyers have pressed pause on their plans. But there are still plenty of reasons people are buying homes today. Lisa Sturtevant, Chief Economist at Bright MLS, spells out the mindset of today’s buyers:
“For some buyers, higher mortgage rates simply means buying a home is out of the question unless home prices fall. For others, higher mortgage rates will be a hurdle but ultimately will not keep them from getting back into the market after sitting on the sidelines for months.”
That’s why, if you’re interested in selling your house this spring, it’s helpful to work with a real estate agent who can help connect you with those buyers who are ready to purchase a home.
Selling a home is a significant financial transaction, and it’s natural to hope that a stroke of luck will help speed up the process. However, relying on luck alone to sell your home is a risky strategy that could cost you time and money.
Here are some tips that will really give you real good lucks in selling homes:
Are you considering listing your home in the next few months? Here are a few things you can do to make your home standout AND add value ?
– Keep floors the same throughout: Don’t choose three different types of flooring throughout your home. The same matching flooring throughout really makes your rooms look bigger, and it flows really well.
– New lighting: This is such an inexpensive way to add in some newness to your home!
– Make sure your front door hardware is not worn out or sun damaged: It’s one of the first things that a buyer sees as they walk up to your front door.
Our team has so many other great tips on getting your home market ready this year. Let’s make your home standout from the rest and add value to your home! Give us a call and let’s talk!
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.
Home buying comes with plenty of forms to fill out, but none will be more meaningful than the real estate purchase agreement – a document that puts both you andthe seller on the same page when it comes to sealing off this special deal.
Real Estate Purchase Agreement
A purchase agreement is a legally binding document the buyer and seller sign to govern the transaction. It defines all sorts of terms and conditions.
Who drafts the RPA?
Your real estate agent drafts the agreement, which is why it’s essential to find trustworthy representation in life with your values and needs.
Especially where contingencies, termination options and disclosures are concerned, you want to know that your real estate agent is
What should you do before signing RPA?
As with any contract, the key here is to execute due diligence. Read the agreement front to back, and make personal notes if necessary. If there are any terms, figures or lines of verbiage you don’t understand, ask your real estate agent – that’s what they’re here for!
Connect with us today if you have any questions about the home buying process! ???? Shea Preferred Realty Group
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Take a look below to see which floorplans were the most popular in 2022.
*No longer offered
43 Canceled/expired listings
Average days on the market for the canceled or expired: 32 with the high at 182 days
2022 – 99 new build closings
2022 – 130 resale closings
Of these 130 resale closings; the average days on the market: 90 with the high 252 days
Looking forward
How our market evolves in 2023 will be determined by three metrics: Mortgage rates! Mortgage rates! Mortgage rates!
VALLEY WIDE statistics- ARMLS (Arizona Regional MLS) Pending Price Index (PPI) Last month, STAT’s mathematical model projected the median sales price for December at $420,000, the actual amount was $412,000. Looking ahead to January, the ARMLS Pending Price Index is projecting the median sales price to drop slightly to $410,000. If January’s median sales price projection is correct, our year-over-year median sales price will have 13.68% from May 2022’s record high of $475,000. Our December’s median price projection missed the mark by $8,000 or 1.9%. This was caused by numerous contracts signed earlier this year which had been assigned a year-end escrow date, in which a status change had taken place and had not been updated.
We began January with 4,910 residential listings under contract. This compares to 8,812 of the same type of listings one year ago. At the beginning of January, the “pending” contracts are 44.28% lower than last year. ARMLS reported 6,806 sales in January 2022. The highest sales volume ever in January occurred in 2021 with 7,076. When January’s numbers are reported this year, we will see a drop in both sales volume and price. If our models are correct, year-over-year sales volume will decline around 45%.
In conclusion, let us share with you two published opinions:
Sam Khater, Freddie Mac’s Chief Economist: “Mortgage application activity sunk to a quarter century low this week as high mortgage rates continue to weaken the housing market. While mortgage market activity has significantly shrunk over the last year, inflationary pressures are easing and should lead to lower mortgage rates in 2023.” While mortgage rates have resumed their decline, the market remains hypersensitive to rate movements, with purchase demand experiencing large swings relative to small changes in rates. Over the last few weeks, latent demand has been on display with buyers jumping in and out of the market as rates move.
Michael Orr of the Cromford Report: “We are still dependent on the whims of the Federal Reserve. If they continue to push the Federal Funds Rate higher in an attempt to curb inflation, then mortgage rates could move higher too, putting a quick damper on any recovery in demand. However, if the 30-year fixed mortgage rate stays between 6% and 6.75%, then we should have confidence that the housing market can operate normally at this level. To achieve confidence, we need several months of interest rate stability. This is by no means certain to happen, but it is possible. Once the fear is removed, we should see more signs of a recovery in demand and volumes will rise back towards a more normal level.”
Want to discuss your home’s value? Let’s chat!
Each New Year ushers in a variety of new trends, from fashion to technology to interior design. Whether you’re looking for ways to spruce up your current home before selling it or you’re starting to plan the style of a new home, the upcoming trends forecasted by designers can provide some inspiration.
Here are 5 of the top interior design trends you can expect to be seeing in 2023:
Sources: good housekeeping & house beautiful
