Where Is the Phoenix Market Heading?

Buying a home? Click here to perform a full home search 
Selling a home? Click here for a FREE Home Value Report 
Call me at (602) 954-4663 for a FREE home buying or selling consultation
The Phoenix market is currently moving forward at a steady pace. In the month of January, we saw 10,888 new listings come on the market, and 4,784 closed transactions. Our market is currently experiencing low demand and low supply. When we sat down to compare January of 2015 to December of 2014, we saw a 1.2% decrease in the average median price and a .6% decrease in average sales price.

These statistics don't necessarily show that we're in a declining market. Rather, it shows a growing disparity between what homes are listed for, and what they're actually selling for. When looking at what's currently pending, we have a whole lot more homes pending right now than we did a year ago, which is always a great sign.

If you have any questions about the real estate market in your particular area, or if you would like real estate assistance of any kind, give us a call or shoot us a quick email. We would love to help you make the most of the Phoenix market!

5 Reasons to List Now

 There are many great Phoenix area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Value Report so you know what buyers will pay for your home in today's market. You may also call me at (602) 954-4663 for a FREE home buying or selling consultation to answer any of your real estate questions.

5 Reasons to List Now

Hey there, thanks for tuning back in. With the holidays around the corner, many of you are thinking about gifts, entertaining, and if now is a good time to list your property for sale. 

We can definitely answer that last question with an emphatic yes! Right now, there is a great window of opportunity to take advantage of the real estate market. Many agents will tel their clients not to bother with listing their homes at the end of the year, and this creates the best circumstances for you for 5 different reasons:

1. Serious Buyers
Buyers out looking for homes during the holiday season are very serious. They have only one goal in mind: finding and purchasing a good home. 

2. Less Competition
Many sellers decide to un-list their homes during the holidays and wait until the first of the year to put it back on. This creates less competition for you.

3. More Time
Buyers have more time to look at home during the holidays. A lot of people have PTO built up, and are able to take weeks at a time to narrow in their search.

4. Taxes
Some people have to buy at the end of the year for tax purposes.

5. New Hires
People who are transferred by companies at the beginning of the year won't have the luxury of waiting until April to look for a property, so you really need to capture this market. 

Thanks for watching, we will be working through the winter so if you have any questions in the meantime, please feel free to give us a call or send us an email. 

Simple Steps to Boost Your Home's Curb Appeal

There are many great Phoenix area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Value Report so you know what buyers will pay for your home in today's market. You may also call me at (602) 954-4663 for a FREE home buying or selling consultation to answer any of your real estate questions.

Simple Steps to Boost Your Home's Curb Appeal

The summer months are finally here and many people are gearing up to sell their homes. We have been getting a lot of questions about curb appeal. Curb appeal is the way your home looks from the outside, or at the curb, when prospective buyers show up. This is their first impression of your home and it's important for it to be a good one. We have compiled a list of 10 simple fixes that will boost your curb appeal- for under $100.

1. Replace exterior light fixtures
 An easy way to give your front porch and entry way a new look is with new light fixtures. You can get these at any home improvement store for anywhere from $30-$100

2. Install some in-ground lighting
 Nothing brightens up your curb appeal like lighting near your walkway or flowerbed. 

3. Trim overgrowth and weeds
 This is an easy and cheap fix that will make your plants appear greener and more vibrant. It will also help keep your lawn healthy

4. Plant some flowers
 If you already have a garden, that is great. If not, this is an easy, inexpensive way to add some color to your curb appeal

5. Spread some fertilizer
 Another way to add color in your lawn and flowerbed, fertilizer will give your yard a more vibrant look

6. Fasten any loose trim or boards
 Take a walk around your property to check if you have any loose trim or boards. Simply refasten and paint to match if you find anything out of the ordinary

7. Paint your trim
 The trim around your roof line, windows, and front door gives your home color. Pick a color that contrasts the color of your house so that it will stand out among the paint that is already there.

8.Paint your front door
 This is your chance to be creative. Pick something vibrant that contrasts the other colors of your home. This is the first thing that buyers eyes will gravitate towards when looking at your home

9. Paint your front door
 Nothing says welcome home like a shiny, new door handle. These are very inexpensive and add a touch of class to your home.

10. Switch your address numbers out
 This is an inexpensive and easy way to make your home stand out. It is as simple as picking a style you like and applying them to your house to make it pop.

If you follow these 10 tips, you will have great curb appeal this summer and buyers will be itching to enter to see the rest of your beautiful home. If you have any questions about curb appeal or this market, which is currently advantageous for both buyers and sellers, give us a call!

Sellers: Know Your Options If Your Home Fails to Appraise!

There are many great Phoenix area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Value Report so you know what buyers will pay for your home in today's market. You may also call me at (602) 954-4663 for a FREE home buying or selling consultation to answer any of your real estate questions.

Sellers: Know Your Options If Your Home Fails to Appraise!

In my previous post, we spoke about your options as a buyer under contract when a home does not appraise for or at least the purchase price. Today, we will flip this scenario around and look at it as if you were a seller, who is under contract, and your home doesn’t appraise.

Within the past four months, we’ve noticed a transition in the market – the market has flattened out into a regular, or “normal,” market. Due to this market adjustment, there may be some instances where your property fails to appraise. As a seller, you have a few options:

1. Reduce the purchase price to the appraised value once the buyer formally notifies us
2. Negotiate with the buyer to meet somewhere in the middle
3. State that you will not reduce the purchase price to the appraised value

As a seller, you must be careful; if the buyer is an FHA Borrower, that appraisal will follow you for at least 90 days. With an FHA Borrower, your options are:

1. Reduce the purchase price to the appraised value
2. Place your home back on the market and wait for a Conventional loan or cash offer

As professional listing agents, our job is to minimize your appraisal risk. When we meet at our initial consultation, I will provide you with your home’s comparative values from within the past 90 days. These are the values that appraisers use when appraising your property. It is also worth noting that an appraiser may reach out to the listing agent to obtain comparative values. This is something we are happy to do – we will put together a professional presentation for them and provide it to them at the time of appraisal or via email.

If you’re looking into selling your home, we would be more than happy to help. Also, it is a great time to purchase – buyers can take advantage of low interest rates, which are sitting at 4.5%, and a great selection of inventory. Thanks and have a great day!