Where to After Selling Your Home?

Sold your home? Now it’s time to decide your next move! Should you go for a brand-new build or opt for a charming resale?

Here’s a quick rundown:

  • New Build Benefits:

-Customize features to your liking
-Lower utility costs & eco-friendly
-Minimal repairs needed
-Enjoy everything brand new!

  • Resale Benefits:

-Choose from diverse floorplans & designs
-Get to know the community & its quirks
-Appreciate timeless craftsmanship & unique charm

 

The choice is yours! Consider your priorities, budget, and timeline to find the perfect fit. Ready to explore your options? Connect with us today to make your dream home a reality! 

#homeselling #sellmyhomefast #queencreekrealtor #qcrealtor #azrealtor #queencreekrealestate #eastvalleyrealestate #eastvalleyrealtor #eastvalleyrealestateagent

5 Common Reasons A Real Estate Closing is Delayed

Ready to close but hitting unexpected delays?

Here’s why real estate closings can sometimes hit a snag:

1. Time-Related Issues:

A clear title is essential for property ownership. Unexpected liens or encumbrances can significantly delay a closing. Proactive measures like release tracking and curative services can help identify and resolve these problems early on.

2. Mortgage & Financial Hurdles: 

Even with pre-approval, mortgage issues often arise. Required documentation, changes in financial circumstances, and discrepancies in closing figures can prolong the process. Timely communication between buyers, sellers, and lenders is crucial to avoid last-minute surprises. 

3. Property Valuation Challenges

Appraisals play a pivotal role in determining a property’s value and influencing loan terms. If a home doesn’t appraise as expected, it can lead to delays as parties negotiate repairs or seek a new appraisal. 

4. Survey and Property Boundary Disputes

Instrument surveys can uncover property boundary disputes involving fences, walls, or encroachments. Resolving these conflicts through signed affidavits is necessary before closing. 

5. Inspection Findings and Repair Issues

While home inspections are typically conducted early in the process, issues may resurface during the final walk-through. Unresolved repairs or new problems can delay the closing as parties work to address the identified concerns. 

 

Planning to make a move? Contact us now at SHEA PREFERRED REALTY GROUP

How to List Your Home

Struggling to sell your home?

The price might be the problem!

Sellers, you have one chance to make a great first impression, and the right price is crucial. After 200+ days on the market, chances of getting top dollar diminish significantly. 

Don’t let your home become another stale listing. It’s time to take action. Let’s work together to determine the optimal listing price for your property. With a strategic pricing strategy, we can attract qualified buyers and achieve a swift sale.

Ready to make a move? Send us a DM and let’s discuss your home selling goals at SHEA PREFERRED REALTY GROUP

Use Your Equity to Retire

Is retirement on your horizon? 

Retirement is an exciting milestone that brings new opportunities, including finding your perfect home for this new chapter. But you may wonder, is it the right time to make a move?

If you’ve been in your home for a while, life changes may mean your needs have evolved. Think about the equity you’ve gained over the years. On average, homeowners who’ve been in their homes for five years have seen nearly a 60% increase in value!

This equity can be the key to unlocking your dream retirement residence. Imagine downsizing to a cozy bungalow, moving closer to loved ones, or finally getting that home with a view. 

We can help you unlock your home’s potential and find the perfect place to enjoy your golden years. Contact us today for expert home-selling assistance at 480-677-8170  or on our website SHEA PREFERRED REALTY GROUP 

Should You Hire a Home Inspector?

Question: Is Hiring a Home Inspector Advisable? 

Absolutely! 

Sellers, taking the proactive step of hiring a home inspector can identify potential issues before listing, ensuring a smoother transaction. 

This transparency builds buyer confidence and provides valuable insights for necessary repairs. While there’s an initial cost, it can save time and money by preventing surprises during the sale.

Ready to take the next step? Let’s chat about how we can help you navigate the selling process smoothly. Contact us today! SHEA PREFERRED REALTY GROUP

When Choosing a Home Lender

Home sellers, take note! 

We recently had a client who chose a hometown lender but faced major hiccups due to unfamiliarity with Arizona contracts. From missed calls to no updates, it was a stressful process for everyone involved.

Don’t let this happen to you! When working with lenders, local expertise is key. Our trusted local lenders know Arizona contracts inside and out, ensuring a smooth and stress-free experience. 

Ready for a seamless home selling journey? Reach out to us and get connected with our top-notch lenders! 

#encanterrahome #luxuryliving #queencreekrealtor #qcrealtor #azrealtor #queencreekrealestate #eastvalleyrealestate #eastvalleyrealtor #homestaging #eastvalleyrealestateagent #sellmyhomefast #loanofficer #homeselling #lender #mortgage

Mortgage Rates Down a Full Percent from Recent High

Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability. And if you’re someone who’s looking to make a move, you’ve probably been waiting eagerly for rates to come down for that very reason. Well, if the past few weeks are any indication, you may be getting your wish.

Mortgage Rates Trend Down in Recent Weeks

There’s big news for mortgage rates. After the latest reports on the economy, inflation, the unemployment rate, and the Federal Reserve’s recent comments, mortgage rates started dropping a bit. And according to Freddie Mac, they’re now at a level we haven’t seen since February. To help show the downward trend, check out the graph below:

 

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Maybe you’re seeing this and wondering if you should ride the wave and see how low they’ll go. If that’s the case, here’s some important perspective. Remember, the record-low rates from the pandemic are a thing of the past. If you’re holding out hope to see a 3% mortgage rate again, you’re waiting for something experts agree won’t happen. As Greg McBride, Chief Financial Analyst at Bankrate, says: 

“The hopes for lower interest rates need the reality check that ‘lower’ doesn’t mean we’re going back to 3% mortgage rates. . . the best we may be able to hope for over the next year is 5.5 to 6%.”

And with the decrease in recent weeks, you’ve got a big opportunity in front of you right now. It may be enough for you to want to jump back in. 

The Relationship Between Rates and Demand 

If you wait for mortgage rates to drop further, you might find yourself dealing with more competition as other buyers re-ignite their home searches too.

In the housing market, there’s generally a relationship between mortgage rates and buyer demand. Typically, the higher rates are, the lower buyer demand is. But when rates start to come down, things change. Buyers who were on the fence over higher rates will resume their searches. Here’s what that means for you. As a recent article from Bankrate says:

“If you’re ready to buy, now might be the time to strike. Home prices have been rising primarily because of a longstanding shortage of homes for sale. That’s unlikely to change, and if mortgage rates do fall below 6%, it’s possible buyers would enter the market en masse, further pushing up prices and resurrecting bidding wars.”

Bottom Line

If you’ve been waiting to make your move, the recent downward trend in mortgage rates may be enough to get you off the sidelines. Rates have hit their lowest point in months, and that gives you the opportunity to jump back in before all the other buyers do too.

If you’re ready and able to start the process, reach out and let’s get started.

Getting Your House Inspection Ready

 

Getting ready to sell your house?

Here’s the scoop on home inspections and how to prep for them.

As more homes hit the market, buyers are regaining some negotiating power. That means it might be a good idea to tackle some key repairs before listing.

But how do you know which ones are worth it? Expert advice is key.

Let’s chat so you know what to prioritize!

SHEA PREFERRED REALTY GROUP

 

The Truth About Buyer’s Agent Fees

Real estate is abuzz with discussions about the recent lawsuits and NAR updates.

The common question we often hear lately, “Do I still need to hire a buyer’s agent?” The answer is YES❕❕❕ A buyer’s agent advocates for your interests, guiding you through the process and ensuring you get the best deal.

Here’s the key takeaway: Buyer agent fees are still negotiable, and their role remains crucial in navigating the real estate transaction. 

While the tradition of offering a co-broke commission to buyer’s agents remains, it’s crucial to recognize the value and expertise these professionals bring to the table. As we navigate these changes, our goal is to ensure everyone involved in a transaction is well-informed and fairly compensated.

Watch our Instagram video here!

Want to stay up-to-date on real estate market trends and news? Follow us for ongoing insights and expert advice to guide you through your real estate journey! Contact us anytime at 480-677-8170 or through our website 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