Thinking of Selling Your Home? Why You Need A Pro in Your Corner

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With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional.

Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families.

Here is a list of some of the people with whom the seller must be prepared to negotiate if they decide to FSBO:

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The termite company if there are challenges
  • The buyer’s lender if the structure of the mortgage requires the sellers’ participation
  • The appraiser if there is a question of value
  • The title company if there are challenges with certificates of occupancy (CO) or other permits
  • The town or municipality if you need to get the CO permits mentioned above
  • The buyer’s buyer in case there are challenges with the house your buyer is selling
  • Your bank in the case of a short sale

Bottom Line

The percentage of sellers who have hired real estate agents to sell their homes has increased steadily over the last 20 years. Meet with a professional in your local market to see the difference they can make in easing the process.

Click HERE to get in touch with an agent!

 

 

780 N Tubac Rd, Prescott, AZ

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780 N Tubac Rd, Prescott, AZ

For Sale

$ Click for current price
3 BEDROOMS | 2 (2 full ) BATHROOMS | 1793 SQUARE FEET

Fully updated home. New stainless appliances, grey wood-lam flooring through out. Custom master closet. Fresh paint inside and out, new sinks, faucets and toilets in both bathrooms, new soaking tub and shower in master. New solid surface counter tops in kitchen, new counter tops in both bathrooms and laundry room. Home is super nice and modern, beautiful views. Wonderful neighborhood, super friendly. Large metal building/shop would hold at least 3 cars, 3 sheds, small goat barn, chicken coop. Play ground equip. and kids play house stay. Fully landscaped with Pear, apple, apricot, grape vines and many spices. Garden is three tear and produces great produce.

 

7416 N Brilliant Sky Way, Prescott Valley, AZ

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7416 N Brilliant Sky Way, Prescott Valley, AZ

For Sale

$ Click for current price
4 BEDROOMS | 2 (2 full ) BATHROOMS | 1964 SQUARE FEET

fantastic pronghorn semi -custom home on large, fully landscaped lot on a quiet cul-de-sac street3 car garage, beautiful kitchen with staggered cabinetry, fireplace opens to the back yard with tons of windows for extra light. covered patio to enjoy the water feature and lush landscape. refrigerator does not convey. hot tub does

 

5 Reasons To Sell This Winter!

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Sell this Winter

Here are five reasons listing your home for sale this winter makes sense.

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory is still under the 6-month supply that is needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as their home values have increased. However, additional inventory could be coming to the market soon.

Historically, the average number of years a homeowner stayed in their home was six, but has hovered between nine and ten years since 2011. There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move.

The choices buyers have will continue to increase. Don’t wait until this other inventory comes to market before you decide to sell.

3. The Process Will Be Quicker

Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and much simpler as buyers know exactly what they can afford before home shopping. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 44 days, after seeing a 12-month high of 48 days in January.

4. There Will Never Be a Better Time to Move Up

If your next move will be into a premium or luxury home, now is the time to move up! The inventory of homes for sale at these higher price ranges has forced these markets into a buyer’s market. This means that if you are planning on selling a starter or trade-up home, your home will sell quickly, AND you’ll be able to find a premium home to call your own!

Prices are projected to appreciate by 4.7% over the next year according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

5. It’s Time to Move on With Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.

That is what is truly important.

Curious about the value of your home?  Click HERE to find out!

Rents Are on the Rise: Don’t Get Caught in the Rental Trap!

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Money Trap

There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage.

Don’t Become Trapped

A recent article by Apartment List addressed rising rents by stating:

“Rents are up 2.7% year-over-year at the national level. Year-over-year growth continues to fall between the 2.1% rate from this time last year and the 3.4% growth rate from October 2015.”

The article continues explaining that:

“Despite the seasonal slowdown, rents are still up year-over-year in 89 of the 100 Largest cities.”

Additionally, the Urban Institute revealed that,

“Over a quarter of renters, or 11.1 million households, are severely cost burdened, spending at least half their income on rental housing.”

These households struggle to save for a rainy day and pay other bills, including groceries and healthcare.

It’s Cheaper to Buy Than Rent

As we have previously mentioned, the results of the latest Rent vs. Buy Report from Trulia shows that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

The updated numbers show that the range is an average of 6.5% less expensive in San Jose (CA), all the way up to 57% less expensive in Detroit (MI) and 37.4% nationwide!

Know Your Options

Perhaps you have already saved enough to buy your first home. A nationwide survey of about 24,000 renters found that 80% of millennial renters plan to eventually buy a house, but 72% cite affordability as their primary obstacle. Aside from affordability, one in three millennial renters have concerns about their credit scores, and another 53% said that a down payment is an obstacle.

Many first-time homebuyers who believe that they need a large down payment may be holding themselves back from their dream homes. As we have reported before, in many areas of the country, a first-time home buyer can save for a 3% down payment in less than two years. You may have already saved enough!

Bottom Line

Don’t get caught in the trap that so many renters are currently in. If you are ready and willing to buy a home, find out if you are able. Have a professional help you determine if you are eligible for a mortgage.

Get into a Home for as little as 0% DOWN!  Click HERE to see if you qualify

780 N Tubac Rd, Prescott, AZ – Just Listed

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780 N Tubac Rd, Prescott, AZ

Just Listed

$ Click for current price
3 BEDROOMS | 2 (2 full ) BATHROOMS | 1793 SQUARE FEET

Fully updated home. New stainless appliances, grey wood-lam flooring through out. Custom master closet. Fresh paint inside and out, new sinks, faucets and toilets in both bathrooms, new soaking tub and shower in master. New solid surface counter tops in kitchen, new counter tops in both bathrooms and laundry room. Home is super nice and modern, beautiful views. Wonderful neighborhood, super friendly. Large metal building/shop would hold at least 3 cars, 3 sheds, small goat barn, chicken coop. Play ground equip. and kids play house stay. Fully landscaped with Pear, apple, apricot, grape vines and many spices. Garden is three tear and produces great produce.

 

780 N Tubac Rd, Prescott, AZ – Just Listed

Posted on by

780 N Tubac Rd, Prescott, AZ

Just Listed

$ Click for current price
3 BEDROOMS | 2 (2 full ) BATHROOMS | 1793 SQUARE FEET

Fully updated home. New stainless appliances, grey wood-lam flooring through out. Custom master closet. Fresh paint inside and out, new sinks, faucets and toilets in both bathrooms, new soaking tub and shower in master. New solid surface counter tops in kitchen, new counter tops in both bathrooms and laundry room. Home is super nice and modern, beautiful views. Wonderful neighborhood, super friendly. Large metal building/shop would hold at least 3 cars, 3 sheds, small goat barn, chicken coop. Play ground equip. and kids play house stay. Fully landscaped with Pear, apple, apricot, grape vines and many spices. Garden is three tear and produces great produce.

 

7416 N Brilliant Sky Way, Prescott Valley, AZ – Just Listed

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7416 N Brilliant Sky Way, Prescott Valley, AZ

Just Listed

$ Click for current price
4 BEDROOMS | 2 (2 full ) BATHROOMS | 1964 SQUARE FEET

fantastic pronghorn semi -custom home on large, fully landscaped lot on a quiet cul-de-sac street3 car garage, beautiful kitchen with staggered cabinetry, fireplace opens to the back yard with tons of windows for extra light. covered patio to enjoy the water feature and lush landscape. refrigerator does not convey. hot tub does

 

7416 N Brilliant Sky Way, Prescott Valley, AZ – Just Listed

Posted on by

7416 N Brilliant Sky Way, Prescott Valley, AZ

Just Listed

$ Click for current price
4 BEDROOMS | 2 (2 full ) BATHROOMS | 1964 SQUARE FEET

fantastic pronghorn semi -custom home on large, fully landscaped lot on a quiet cul-de-sac street3 car garage, beautiful kitchen with staggered cabinetry, fireplace opens to the back yard with tons of windows for extra light. covered patio to enjoy the water feature and lush landscape. refrigerator does not convey. hot tub does

 

12744 E Miranda St, Dewey, AZ – Just Listed

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12744 E Miranda St, Dewey, AZ

Just Listed

$ Click for current price
4 BEDROOMS | 3 (3 full ) BATHROOMS | 3099 SQUARE FEET

This is amazing home with some unique features. Granite counters, large center island and upgraded counter tops with tons of space. Large open living areas open to a well manicured back yard, wonderful space for entertaining. Master on main with nice sized bath and custom closet. Upstairs is three large bedrooms and and amazing media room, complete with screen, projector and media seating.