Tips Archives - Greater Phoenix Arizona Real Estate

Fact or Fiction?

Let’s have a quick game of FACT or FICTION:

1. HOMES ARE TAKING LONGER TO SELL

Facts! Homes are taking longer to sell. For the month of January in the Phoenix Metro area, sales were down 14% month over month.Year of year sales are down 37%. And the average days on the market right now are right around 80 days.

2. THE BEST DATE NIGHT IN QUEEN CREEK IS AT THE OLIVE MILL ON WEDNESDAY NIGHTS

Fact! Did you know that the 2nd Wednesday of every month the Olive Mill hosts a pizza date night from 6:30-9pm. You can make your own pizza, enjoy some nice local wine and relax by a firepit or stroll around the beautiful outdoor space at the Queen Creek Olive Mill.

3. IF YOU ARE A BUYER GOING INTO A NEW BUILD COMMUNITY & YOU HAVE A REALTOR, IT WILL COST YOU MONEY

Fiction and not true at all! If you are a buyer with a realtor representing you, it costs you zero dollars to have representation. The seller or builder pays us and works on behalf of the seller. So don’t go in that new home sales office without your realtor. Don’t do it!

4. THE BEST CUP OF COFFEE IN THE EAST VALLEY IS TOP CUP

This is a Fact! This super cute coffee shop is located on Val Vista and Riggs in Gilbert. They have a drive thru and some of the best Avocado toast I ever had!

5. YOU DON’T NEED TO DO A HOME INSPECTION WHEN YOU BUY A HOME

Fiction! It might be tempting to not spend money on a home inspection but don’t do it. The home inspector is going to look at everything top to bottom. You don’t want any unpleasant surprises after you move in and how would you know if you bought a lemon?

2 Things Sellers Need To Know This Spring

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.

1. Houses That Are Priced Right Are Still Selling

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.

2. Buyers Are Still Out There

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.

Making Home like HGTV Show

How to make your home look like it belongs on HGTV Show before listing it?

1. Declutter and depersonalize: Remove some things that are no longer necessary.
2. Clean thoroughly: Pay attention to high traffic areas!
3. Fix outstanding issues: This will improve appearance and show potential buyers your home is well-maintained.

These tips will all increase the chance of you selling your home for top dollar .

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3 Things To Make Your Home Standout and Add Value

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!

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

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!

1. Houses That Are Priced Right Are Still Selling

2. Buyers Are Still Out There

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