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

 

 

Use Professional Photos to Sell Your Home!

First impressions are crucial, especially when selling your home. Professional photos can be the difference between a quick sale and lingering on the market.

Here’s why they’re a smart investment:

1. Capture the Best Light

 Pros know how to use lighting to highlight your home’s best features, making rooms feel bright and spacious.

2.  Stand Out from the Crowd

High-quality photos grab attention in a crowded online market. Buyers are more likely to click on a listing with professional visuals.

3. Show Off Your Home’s Full Potential

Wide-angle shots and strategic framing showcase the flow and layout of your property, giving buyers a clear understanding of the space.

4. Emotional Connection

Professional photos can create an emotional connection with potential buyers, helping them imagine themselves living in your home.

5. Increased Value

Studies show homes with professional photos can sell faster and potentially for a higher price.

Don’t settle for blurry snapshots! Invest in professional photography to showcase your home’s true potential and attract serious buyers. Contact us, your go-to trusted local Real Estate team at 480-677-8170 or our website SHEA PREFERRED REALTY GROUP

We’re Always Ready to List Your Home!

Thinking of selling your home?

 

We’re here to hit the ground running the moment you say “go”!

We believe in getting things moving quickly and efficiently for our sellers. That means:

  • Fast & Focused Listing: We’ll get your home listed and generating interest ASAP.
  • Marketing Magic: We’ll craft a compelling strategy to showcase your home’s best features.
  • Showtime Support: We’ll be there every step of the way, making sure showings go smoothly.
  • Negotiation Skills: We’ll fight for your top dollar, ensuring you get the best possible offer.

    Selling your home shouldn’t be stressful. Let us take care of the heavy lifting! 

    If you’re thinking of making a move, reach out today for a free consultation. We’re here to help you achieve your real estate goals! Contact us at 480-677-8170 or thru our website SHEA PREFERRED REALTY

The Biggest Mistakes Homebuyers are Making Right Now

 

Want to know the biggest mistakes homebuyers are making today?

They include everything from putting off pre-approval for too long, holding out for the perfect home, buying more than they can afford, and skipping out on hiring a pro. Let’s connect to make sure you have a pro on your side who can help you avoid these mistakes!

 

 

The Biggest Mistakes Sellers Are Making Right Now

 
 

 

The housing market is going through a transition. Higher mortgage rates are causing more moderate buyer activity at the same time the supply of homes for sale is growing.

And if you aren’t working with an agent, you may not realize that. Here’s the downside. If you’re not informed, you can’t adjust your strategy or expectations to today’s market. And that can lead to a number of costly mistakes.

Here’s a look at some of the most common ones – and how an agent will help you avoid them when you sell. 

1. Overpricing Your House

Many sellers set their asking price too high and that’s why there’s an uptick in homes with price reductions today. An unrealistic price will deter potential buyers, cause an appraisal issue, or lead to your house sitting on the market longer. An article from the National Association of Realtors (NAR) explains:

“Some sellers are pricing their homes higher than ever just because they can, but this may drive away serious buyers and result in unapproved appraisals . . .”

To avoid falling into this trap, partner with a pro. An agent uses recent sales of similar homes, the condition of your house, local market trends, and so much more to find the price that’ll attract more buyers and open the door for multiple offers and a faster sale.

2. Skipping the Small Stuff

You may try to skip important repairs, thinking you can pass the task on to your buyer. But visible issues (even if they’re small) can turn off potential buyers and result in lower offers or demands for concessions. As Money Talks News says:

“Home shoppers like to turn on lights, flush toilets and run the water. If these basic things don’t work, they may assume you’ve skipped other maintenance. Homes that appear neglected aren’t likely to fetch top price.”

If you want to get your house ready to sell, the best place to turn to for advice is your agent. They’ll be able to do a walk-through with you and point out anything you’ll need to tackle before the photographer comes in.

3. Not Looking at Things Objectively

Buyers today are feeling the pinch of high home prices and mortgage rates. With affordability that tight, they may come in with an offer that’s lower than you’d want to see – especially if you didn’t stage, price, or market the house well.

It’s important you don’t take this personally. Getting overly emotional can put the sale at risk. As an article from Ramsey Solutions says:

“Remember, a buyer’s offer is not a reflection of their opinion of your home or your housekeeping abilities. . . The sale of your home is strictly a business transaction. If they start out with a low offer, don’t take it personally and get emotional. Instead, channel that energy toward negotiating. Work with your agent and make a counteroffer.”

4. Being Unwilling To Negotiate

The supply of homes for sale has grown. That means buyers have more options, and with that comes more negotiation power. As a seller, you may see more buyers getting an inspection, requesting repairs, or asking for help with closing costs today. You need to be prepared to have those conversations. As U.S. News Real Estate explains:

“If you’ve received an offer for your house that isn’t quite what you’d hoped it would be, expect to negotiate . . . the only way to come to a successful deal is to make sure the buyer also feels like he or she benefits . . . consider offering to cover some of the buyer’s closing costs or agree to a credit for a minor repair the inspector found.”

An agent will walk you through what levers you may want to pull based on your own goals, budget, and timeframe.

5. Not Using a Real Estate Agent

Notice anything? For each of these mistakes, partnering with an agent helps prevent them from happening in the first place. That makes trying to sell your house without an agent’s help the biggest mistake of all.

Real estate agents have experience and expertise in pricing, marketing, negotiating, and more. That knowledge streamlines the selling process and usually results in drumming up more interest and ultimately can get you a higher final price.

Bottom Line

If you want to avoid making mistakes like these, let’s connect to make sure you’re set up for success.

Sell My Home Quietly

Ever think about selling your home quietly? 

We recently helped a seller who wasn’t ready to announce and found the perfect buyer through our network seeking a specific “Cordoba plan” with all the bells & whistles! 

The result? Happy sellers and thrilled buyers with their dream home! 

Watch our Instagram video here

Now, this might be a rare case, but it shows the power of a good connection. If you find yourself in a similar situation, reach out and let’s chat! Contact us at 480-677-8170 or thru our website SHEA PREFERRED REALTY GROUP

Why Should I List My Home this Summer?

Thinking of Selling Your Home This Summer? 

While many believe summer isn’t the best time to sell, here in the valley, it’s actually a prime season! ????

Here are a few reasons why:

1. High demand, low competition: New home builds are backed up, driving buyers towards the resale market.

2. Motivated buyers: Summer often attracts serious buyers ready to make a move.

3. Less foot traffic, more quality leads: Focused buyers are more likely to make offers during the hotter months.

Don’t miss out—list your home now! Reach out to our expert team today at 480-677-8170 or website SHEA PREFERRED REALTY GROUP

Homeowners Gained $28K in Equity over the Past Year

 
If you own a home, your net worth has probably gone up a lot over the past year. Home prices have been rising, which means you’re building equity much faster than you might think. Here’s how it works.
 

 

Equity is the current value of your home minus what you owe on the loan.

Over the past year, there have still been more people wanting to buy than there are homes available for sale, and that’s pushed prices up. That rise in prices has translated directly into increasing equity for homeowners.

How Much Equity Have You Earned over the Past 12 Months?

According to the latest Homeowner Equity Insights from CoreLogic, the average homeowner’s equity has grown by $28,000 in the last year alone.

That’s the national average, so if you want to see what’s happening in your state, check out the map below. It uses data from CoreLogic to show how much equity has grown in each state over the past year. You’ll notice every single state with sufficient data saw annual equity gains:

 

No Caption Received

What If You Bought Your House Before the Pandemic?

If you bought your house before the pandemic, the equity news is even better. According to data from Realtor.com, home prices shot up by 37.5% from May 2019 to May 2024, meaning your home’s value has likely increased significantly. Ralph McLaughlin, Senior Economist at Realtor.com, says:

“Homeowners have seen extraordinary gains in home equity over the past five years.”

To give context to how much equity can stack up over time, Selma Hepp, Chief Economist at CoreLogic, explains the total equity the typical homeowner has today:

“With home prices continuing to reach new highs, owners are also seeing their equity approach the historic peaks of 2023, close to a total of $305,000 per owner.”

How Your Rising Home Equity Can Help You

With how prices skyrocketed a few years ago, and the ongoing price growth today, homeowners clearly have substantial equity built up – and that has some serious benefits.

You could use it to start a business, fund an education, or even to help you afford your next home. When you sell, the equity you’ve built up comes back to you, and may be enough to cover a big part – or even all – of your next home’s down payment.

Bottom Line

If you’re planning to move, the equity you’ve gained can really help. Curious about how much you have and how you can use it to help pay for your next home? Let’s connect! 

 

Saving Strategies for First-Time Homebuyers

Thinking about buying a house? Budgeting and saving are key ingredients for success! 

 

Here are some easy-to-follow tips to get you started:

1) Track Your Expenses

2) Cut Back Strategically

3) Automate Savings

4)  Side Hustle Power

5) Unexpected Boosts

Ready to turn your “Someday” into a “Sold”? Let’s chat! Contact us today at 480-677-8170 or thru our website at SHEA PREFERRED REALTY GROUP and get personalized guidance on your path to homeownership.

Don’t Let Your Listing Languish – How to Sell Your Home Fast

Imagine listing your home, but it gets passed over because of low-quality photos. Unfortunately, this happens more often than you might think. A lack of professional staging and photography can make even the most beautiful homes look unappealing, leading to long listings and frustrated sellers.

The Importance of Professional Staging and Photography

Our recent client learned this the hard way. Their previous agent didn’t invest in professional staging or photography, resulting in their home sitting on the market for an extended period. Potential buyers weren’t impressed, and showings were few and far between. This is a common issue in real estate, where first impressions are crucial, and a picture is worth a thousand words.

How We Transformed the Listing

When we took over the listing, we knew exactly what needed to be done. Our team stepped in and staged the space, highlighting its best features and creating a welcoming atmosphere. We also hired a professional photographer to capture high-quality images that truly showcased the home’s potential. 

The result? Multiple showings, a great offer, and a happy seller – all within 15 days! This success story illustrates the power of professional staging and photography in making a home stand out in a crowded market.

Ready to Sell YOUR Home Quickly and for Top Dollar?

Don’t let your listing languish on the market. If you’re ready to sell your home quickly and for top dollar, we can help! Our team is dedicated to providing top-notch services that will make your home shine and attract serious buyers. Contact us today to learn more about our staging and photography services and how we can help you achieve a successful sale!

Why Choose Us?

  • Expert Staging: We highlight your home’s best features to create a warm and inviting atmosphere.
  • Professional Photography: High-quality images that capture the true essence of your home.
  • Quick Turnaround: Our strategies ensure your home gets noticed and sold quickly.
  • Happy Sellers: We’ve helped numerous clients achieve their home selling goals, and we can do the same for you!

Connect with Us!

Are you ready to experience a seamless home selling process? Reach out to us today and let’s get started on making your home the next success story! Contact us at 480-677-8170 or thru our website SHEA PREFERRED REALTY GROUP

#encanterrahome #luxuryliving #queencreekrealtor #qcrealtor #azrealtor #queencreekrealestate #eastvalleyrealestate #eastvalleyrealtor #homestaging #eastvalleyrealestateagent #sellmyhomefast #homesweethome #homeselling

 

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