Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible. 1. Price it a LITTLE LOW This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little Continue Reading
The Home Selling Process: A Step-by-Step Guide
Has the Phoenix housing market finally balanced out?
2014 could provide the answer When it comes to home prices, supply and demand, the pendulum has been swinging from one extreme to the other in Phoenix since the housing boom of a decade ago. The metro Phoenix housing market went from a pre-recession sellers’ market to a buyers’ market amid the foreclosure crisis. Then it went back in the sellers’ favor again these past two years when Continue Reading
6 Things Sellers Need to Know Before Listing Their Home
In a market where home inventory is low and demand is soaring, sellers may think that their home will move in mere minutes–and at a price that defies even the loftiest expectations. When left untethered, these dreams of big prices and warp speed sales can spell disaster–and major disappointment. Here are six simple points sellers need to know before putting it on the market. 1. Staging Continue Reading
Valley MLS Inventory
Check out these stats! This graph and chart will show you how many active, sold and new listings there have been in the east valley from January 2012 to December 2013. Sales are down from this time last year and months supply of inventory is up. MLS inventory Continue Reading
Margaritaville and Real Estate
Selling my home now To me its a sacred cow Want so much no one's looking at mine It's a real beauty A Tuscany cutey Can't figure out why it's still hasn't sold It's wasting away again in inventory-ville Waiting for that buyer to come by my home Some people claim that the lenders are to blame But I know....it could be REALTORS fault.... Recently nationally known real estate trainer, Continue Reading
Disclose or Not?
The AZ Republic today reports a story about a buyer who is suing the seller of a home in Arcadia and the seller's real estate agent for failure to disclose that a neighbor was a nuisance. Apparently the neighbor was known for tirades against the seller and other neighbors, shouting profanities and infringing on neighbor's properties. The seller did not disclose this in the Seller's Property Continue Reading
The numbers are in for February in the Phoenix metro area and there are some bright spots! While the number of homes sold continues to decline, the historical data shows this is not that unusual. The months supply of inventory is declining, a positive sign in this volatile market. We have been on a decline for 3 months in a row, from 18 months in December '07 to 10 months in February '08. This is Continue Reading