Spend a Little Money to Sell!

 

WATCH OUR VIDEO HERE!

When our team gets a home ready for the MLS, it’s not just a listing—it’s a masterpiece! 

We believe in going the extra mile, ensuring not only tidy landscaping but also professionally cleaned interiors.

Why settle for less when it comes to showcasing your property? 

Choosing a Realtor is a big decision, and you deserve the best. Don’t settle for the ordinary; let us turn your home-selling journey into an extraordinary experience.

Reach out to us for a service that’s a cut above the rest! Message us anytime @SHEA PREFERRED REALTY GROUP

Is it the Right Time to Buy a Home?

 

 

Why does 2024 stand out as the ideal time to buy? 

In four words: LOWER INTEREST RATES!

Moreover, competition hasn’t surged. By leveraging tailored mortgage products and interest rate buy-down options, you might secure a home at an even LOWER rate before the competition catches on!

 

If you’re in the market to buy, the time is NOW. Drop us a message or give us a call @ SHEA PREFERRED REALTY GROUP

Keyterms Every Homebuyer Should Learn

 

Buying a home is a big deal and can feel especially complicated if you don’t know the terms used during the process. If you want to become a homeowner this year, it’s a good idea to learn these key housing terms and understand how they relate to the current housing market. That will help you feel confident when you buy a home. 

Here are the important key terms every homebuyer should know: 

 

Let’s connect so you can get expert help with any questions you have!

Message us anytime @ SHEA PREFERRED REALTY GROUP

Today’s Mortgage Trends are Good for Sellers

If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you. Mortgage rates have descended since last October when they hit 7.79%. In fact, they’ve been below 7% for over a month now (see graph below):

 

 

And while they’re not going back to the 3% we saw during the ‘unicorn’ years, they are expected to continue to go down from where they are now in the near future. As Dean Baker, Senior Economist at the Center for Economic Research, explains:

“It also appears that mortgage rates are now falling again. They will almost certainly not fall to pandemic lows, although we may soon see rates under 6.0 percent, which would be low by pre-Great Recession standards.”

Here are two reasons why this recent trend, and the expectation it’ll continue, is such good news for you.

You May Not Feel as Locked-In to Your Current Mortgage Rate

With mortgage rates already significantly lower than they were just a few months ago, you may feel less locked-in to the current mortgage rate you have on your house. When mortgage rates were higher, moving to a new home meant possibly trading in a low rate for one up near 8%.

However, with rates dropping, the difference between your current mortgage rate and the new rate you’d be taking on isn’t as big as it was. That makes moving more affordable than it was just a few months ago. As Lance Lambert, Founder of ResiClub, explains:

“We might be at peak “lock-in effect.” Some move-up or lifestyle sellers might be coming to terms with the fact 3% and 4% mortgage rates aren’t returning anytime soon.”

More Buyers Will Be Coming to the Market

According to data from Bright MLS, the top reason buyers have been waiting to take the plunge into homeownership is high mortgage rates (see graph below):

Lower mortgage rates mean buyers can potentially save money on their home loans, making the prospect of purchasing a home more attractive and affordable. Now that rates are easing, more buyers are likely to feel they’re ready to jump back into the market and make their move. And more buyers mean more demand for your house.

Bottom Line

If you’ve been waiting to sell because you didn’t want to take on a larger mortgage rate or you thought buyers weren’t out there, the recent decline in mortgage rates may be your sign it’s time to move. When you’re ready, let’s connect. Message us at @ SHEA PREFERRED REALTY GROUP

Your Homebuying Advantage

 

Here’s our perspective…

Do you recall when many wished they had purchased in 2021, anticipating a market crash despite the record-low rates? Those same individuals might overlook current opportunities due to hesitancy in admitting they were mistaken. While market timing is never foolproof, 2024 is poised to be one of the most dynamic markets since 2020.

With rates gradually decreasing, buyers are gearing up to re-enter the market vigorously. Housing inventory remains limited, creating a familiar scenario of high demand, low supply, and intense competition. 

If you’re prepared to capitalize on the excitement of this unique market, whether buying or selling, what’s holding you back?

Reach out to us now to get ready for the changing market! Don’t hesitate to message us @ Shea Preferred Realty

Do You Want to Sell Your Home this Year?

 

Do you want to sell your home this year?

  1.  Make It Inviting

    • Take down personal photos
    • Make sure light bulbs are working
    • Fix anything that’s broken
    • Give every room a clear purpose

    2. Show It’s Cared For

    • Clean your vents and baseboards
    • Sweep and mop
    • Declutter throughout
    • Touch up scuffs on the walls

    3. Boost Curb Appeal

    • Powerwash outdoor surfaces
    • Clean windows
    • Tidy up landscaping
    • Freshen up your entrance

     

    Ready to sell? Reach out to us today @ SHEA PREFERRED REALTY  . Let’s get your home noticed for all the right reasons.

Home Design Trends

 

 

 

Ever walked into a home that’s only a few years old but feels stuck in time?

Design trends evolve, and what was in five years ago might not cut it today. So how about a quick home refresh? A budget-friendly trip to Home Depot or Lowe’s can do wonders! 

Ready to elevate your home’s style? Let’s chat! @Shea Preferred Realty Group

THINGS TO CONSIDER IF YOUR HOME DIDN’T SELL

 

You listed your home but it didn’t sell. That’s ok. It’s time to reconsider a few things

 

Did you limit access to your home?

Don’t limit your home’s exposure. Make it available for showings as much as possible to attract determined buyers, even those from afar. Remember, minimal access equals minimal chances of selling.

 

Did you make your house stand up?

First impressions matter. Boost curb appeal with landscaping and make the interior inviting. Declutter, remove personal items, and consider a fresh coat of paint. Let buyers see themselves in your home.

 

Did you price it at market value?

Set the right price for your home. Overpricing can deter buyers and prolong the selling process. Pay attention to feedback, and if needed, consider adjusting the price for a more competitive edge.

What Lower Mortgage Rates Mean for Your Purchasing Power

 
 

If you want to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently under 7%, according to Freddie Mac (see graph below):

 

This recent trend is great news for buyers. As a recent article from Bankrate says:

“The rate cool-off somewhat eases the housing affordability squeeze.”

And according to Edward Seiler, AVP of Housing Economics and Executive Director of the Research Institute for Housing America at the Mortgage Bankers Association (MBA):

“MBA expects that affordability conditions will continue to improve as mortgage rates decline . . .”

Here’s a bit more context on how this could help with your plans to buy a home.

How Mortgage Rates Affect Your Search for a Home

Understanding the connection between mortgage rates and your monthly home payment is crucial for your plans to become a homeowner. The chart below illustrates how your ability to afford a home changes when mortgage rates shift. Imagine your budget allows for a monthly payment between $2,400 and $2,500. The green part in the chart shows payments in that range or lower (see chart below):

 

As you can see, even small changes in rates can affect your budget and the loan amount you can afford.

Get Help from Reliable Experts To Understand Your Budget and Plan Ahead

When you’re looking to buy a home, it’s important to get guidance from a local real estate agent and a trusted lender. They can help you explore different mortgage options, understand what makes mortgage rates go up or down, and how those changes impact you.

By looking at the numbers and the latest data together, then adjusting your strategy based on today’s rates, you’ll be better prepared and ready to buy a home.

Bottom Line

If you’re looking to buy a home, you should know the recent downward trend in mortgage rates is good news for your move. Let’s connect and plan your next steps.

Considering Retirement? | Home and Retirement

If you’re approaching retirement or have already retired, it’s time to evaluate if your current home aligns with the next chapter of your life.

1. How Long Have You Been in Your Home?

Traditionally, homeowners moved every six years, but recent trends show people staying longer. Life changes, and your home may need to adapt. Evaluate if your current home still meets your evolving needs.

 

2. Check Your Home Equity

Over the years, your home likely gained substantial equity. National data reveals that, on average, a homeowner who’s been in their house for five years saw a 60% increase in value. Leverage this equity for your next move.

 

3. Retirement Goals and Homeownership

Whether you’re downsizing, relocating, or getting closer to loved ones, your home equity can play a crucial role in achieving your retirement goals. A trusted Real Estate Agent can guide you through the process.

 

Planning to make a move this 2024? Don’t hesitate to message us anytime @Shea Preferred Realty

 

 

 

 

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