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Monday, November 16, 2015

Is Winter a Good Time to Sell Your Arizona Home?

Selling your Greater Phoenix Home? Get a free home value report
Buying a Greater Phoenix Home? Search all homes for sale 

Many people ask us whether they should try to sell their home during the holiday season or just wait until spring. Today, we want to share some facts and figures with you to make the decision a whole lot easier.
From December of 2014 to January of 2015, there were over 11,000 homes that closed here in the valley. That number doesn't mean much without the context; if you look at the entire year, from January 2014 to January 2015, you'll see that a total of 81,304 homes sold according to our MLS. Now think about this: since over 11,000 homes sold in December and January, 14% of all closed home sales occurred during the holiday selling season!

What do these numbers mean for you?
Well, if you're ready to sell your home, there really isn't a good reason to wait, seeing that tons of homes sell during the winter months. Last year wasn't an outlier -- for example, of the 89,780 homes that sold between January 2013 and 2014, about 12% of sold homes closed in December in January. It's clear that the market remains active during the holidays, so it's certainly not risky to make your move during that time.
If you have any questions about our active winter market, or if you have real estate questions of any kind, please don't hesitate to reach out to us. We would love to hear from you!

Tuesday, November 3, 2015

Avoid New Construction Pitfalls

Selling your Greater Phoenix Home? Get a free home value report
Buying a Greater Phoenix Home? Search all homes for sale 

Nothing is more exciting than buying a new home. Some people don't realize they're going to buy a new home until they're out on a Sunday afternoon and before they know it, they're putting down a deposit. It is crazy how fast it can happen. However, that is not the smart way to buy a new home. Today, I'll go over three common mistakes for you to avoid when buying new construction.
The number one mistake people make is not hiring a real estate agent. We know a lot about what's going on with the market, and we can help you negotiate with the builder's agent. There are so many points that we are going to bring to your attention that the builder's agent will just skim over. Even though you might really get along with the builder's agent, you need to remember that they are not working for you. Right in the contract, it states that the builder's agent is working for the builder. You deserve to have someone representing your needs.

Another mistake people make is not reading the fine print. You need to know what you're signing. People have lost earnest money because they went in too quickly and signed the contract.
Finally, you've got to know the market. If you don't know what's happening in the market, you could end up overpaying for a home. Keep in mind that things like landscaping and window coverings are not included in the price of the home. Those are expenses you will incur after the fact.
If you have any questions at all, please do not hesitate to reach out to me. I would be happy to help you!