Phoenix Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Aug. 4, 2020

Have You Been Believing These Real Estate Myths?

Here are some common myths about buying and selling in today’s market.

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Looking to sell your home? Click here to get an INSTANT property valuation now!

 

A few myths are circulating around the real estate market that can cause buyers and sellers to have the wrong impression about the state of the market as a whole and hesitate with moving forward. Here are the top myths I’ve seen and the truth behind them:

 

1. There’s less competition when buying a home. The reality is that with low interest rates, there has been much more demand, which has created stronger buyers and offers.

 


The real estate market is much different now compared to what it was back in 2008.


 

2. People aren’t selling their homes during the pandemic. Some people may wait but many don’t want to. The number of pending contracts and sold homes show us that people are indeed selling and moving.

 

3. The economy is going to crash, and with it, the real estate market. This is clearly a myth; the real estate market is much different now compared to what it was back in 2008 when we experienced a big crash. Americans have more home equity than ever before, and lending is now much more regulated, meaning that we don’t see subprime loans (which caused the market crash before). If there is any market change, it’s more likely to be a subtle adjustment than a real estate crash.

 

4. Home prices have dropped dramatically. Fortunately for all of us, this has not been the case. Some people put their purchases on hold, but activity then picked up very strongly. Based on supply and demand, we are seeing appreciation.

 

5. It’s unwise to buy a home without visiting it in person first. This is no longer true. With the technology, virtual tours, and contract inspection clauses we have, it’s safer now more than ever to move forward with a purchase, since you’ll have a built-in safety net.

 

If you have questions or would like to discuss anything I’ve covered today in more detail, please feel free to reach out to us. We’d love to help.

Posted in Market Updates
July 21, 2020

Why Do I Need a Home Warranty?

A home warranty can really cut down your expenses as a homeowner. Here’s how.

Looking to buy a Phoenix home? Click here to see our available listings. 
Looking to sell your home? Click here to get an INSTANT property valuation now!

 

A home warranty is an insurance policy that gives you peace of mind that you won’t have any expensive, system repairs as a new homeowner. You won’t have to worry about a $10,000 replacement or a $5,000 fix if you already have a home warranty.

 

Home warranties can be purchased by the homeowner or the buyer. Anyone can pay for it or order it, and there is usually a deductible for each service call. The contract is typically for a one-year term, but it can be purchased in advance for two or three years.

 

The only reason you wouldn’t want one is if the home needs a full remodel, you’re a general contractor who can do the work yourself, or you want to control who does the repairs.

 


A home warranty typically lasts for one year.


 

If you have any questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.

Posted in Buying
June 15, 2020

The Benefits of Having Title Insurance

Title insurance protects homebuyers if there are liens of back taxes owed on a property. Here’s why it’s so important to have.

Looking to buy a Phoenix home? Click here to see our available listings.

Looking to sell your home? Click here to get an INSTANT property valuation now!

 

One challenge when purchasing a home is that you don’t know the home’s full history before you own it. That’s why you need to have title insurance. You’ll write a purchase contract, but without title insurance, you won’t know what you don’t know. Here’s a simple example:

 

Let’s say you’re getting ready to buy a home, but the current owner has a medical lien, owes back taxes on the property, or there’s a lien against a party that doesn't even own the home.

 


Lenders typically require title insurance.


 

This is where title insurance comes into play. Your lender will usually require it because they need to have insurance that can clear up any questions before closing. If you’re paying cash, however, you won’t be required to purchase title insurance, but it’s still a good idea to have regardless.

 

If you have any questions about title insurance, feel free to reach out via phone or email. I look forward to hearing from you soon.

Posted in Buying
May 4, 2020

Q: Is It Smart to Buy or Sell a Home Right Now?

Many are unsure whether buying or selling a home is a bright idea right now. Based on market conditions, it’s actually an ideal time to get a deal done.

Looking to buy a Phoenix area home? Click here to see our available listings.

Looking to sell your home? Click here to get an INSTANT property valuation now!

 

As we continue to navigate this pandemic, many of our clients are unsure of whether they should sell their homes now or continue to wait it out. The reality is that current market conditions make it a great time to buy or sell.

This week, we had multiple offers for a listing that was just put on the market and ended up successfully negotiating a contract on our client’s behalf. We’re still seeing sellers sell and buyers buy in spite of this pandemic. To learn more about what’s been going on in our real estate market, watch this short video.

Posted in Market Updates
May 1, 2020

Luke AFB salutes essential workers with flyover

F-35A Lightning IIsLuke Air Force Base, Special Flyover to honor COVID-19 frontline workers

LUKE AIR FORCE BASE, Ariz -- Luke Air Force Base, to include the 56th Fighter Wing and the 944th Fighter Wing, along with the Arizona Air National Guard 161st Air Refueling Wing will honor Arizona’s front line COVID-19 responders with a community flyover May 1, 2020.

“We are honored to extend our heartfelt gratitude to all the healthcare workers, first responders, military members and other essential personnel who are working on the front lines to combat the coronavirus,” said Brig. Gen. Todd Canterbury, 56th Fighter Wing commander. “We want everyone to be able to look up from their homes and enjoy the display of American airpower, resolve and pride while keeping frontline responders in their hearts.”

A formation of 15 aircraft, including seven F-35A Lightning IIs and seven F-16 Fighting Falcons flying out of Luke Air Force Base and one KC-135 from the 161st ARW will begin the flyover at approximately 3:10 p.m. and will last 50 minutes.

The flight path will bring them through Buckeye, Luke Air Force Base, Litchfield Park, Surprise, Waddell, Goodyear, Tolleson, Phoenix Metro, Tempe, Chandler, Gilbert, Mesa, Scottsdale, Deer Valley, Glendale, Peoria, Sun City West, and El Mirage. Residents along the flight path can expect a few seconds of jet noise as the aircraft pass overhead.

Residents in these areas will be able to see the flyover from the safety of their homes and should maintain all social distancing guidelines during this event. They should also refrain from traveling to landmarks, hospitals and gathering in large groups to view the flyover.

We welcome and encourage viewers to tag us on social media in photos and videos of the formation with the hashtag #LukeSalutes, #AirForceSalutes, and #FlyoverFriday.

For questions, please call the Luke AFB Public Affairs Office at (623) 856-6011.

Posted in Local Resources
April 13, 2020

How Selling Homes Has Changed in the Pandemic

In today’s crazy market, are you still able to sell your home? You sure are, and here’s how.

Looking to buy a Phoenix home? Click here to see our available listings.

Looking to sell your home? Click here for a FREE home valuation.

 

Especially now, during the COVID-19 pandemic, it’s common for us to hear this question from our clients: “How can I sell in today’s market?” Real estate is considered an essential service, so homes are still selling. We’ve just had to make some changes in how we approach real estate transactions in light of the outbreak. For example, instead of our normal, face-to-face consultations, we’re now meeting with clients by phone or video call to comply with the stay-at-home order. We are still doing face-to-face meetings when required. To learn more about how the selling process has changed due to the coronavirus, watch this short video above.

Posted in Selling
March 31, 2020

How Buyers Can Stay Safe in Today’s Market

How do you buy a home in today’s market while staying safe?

Looking to buy a Phoenix home? Click here to see our available listings.

Looking to sell your home? Click here for a FREE home valuation.

 

How do you buy a home in today’s market while staying safe? With everything that’s been happening with the coronavirus lately, this is a question I’m getting asked quite often, and today I’ll answer it. We’ve established a new protocol for buyers to follow. To find out more, watch this short video.

Posted in Buying
Feb. 18, 2020

What Should You Consider Before Getting a Mortgage?

If you’re buying a home, you’re probably going to need a mortgage. Here’s how to qualify.

Looking to buy a Phoenix home? Click here to see our available listings.

Looking to sell your home? Click here for a FREE home valuation.

 

If you’re in the process of buying a home, or you’re even thinking about buying a home soon, you need to know about the mortgage process. Most homebuyers need to qualify for a mortgage in order to purchase a home, so here are a few things to consider:

 

The obvious item to be aware of is the down payment. This can range anywhere from 0% to 20% of the purchase price, depending on the type of financing you use.

 

Some things that you’ll need to qualify include your credit history, documentation of assets, financial statements, and an appraisal by a third party.

 

"Make sure you know your credit score and credit history."

 

You’ll want to make sure your income is stable and your credit history is good. If you don’t have solid credit, there are programs out there to help you improve it.

 

When you’re ready to get qualified for a loan, find out your credit score and your credit history. You don’t want to start the process off with any surprises. Make sure to have proof of income via W-2s, tax returns, and bank statements.

 

Throughout the process you’ll want to be in contact with a professional who can help you develop a plan to move forward. They’ll take all the information you’ve gathered and help you put something together. Most of the mortgage process can be handled online these days. The goal here is to have a pre-approval when you go out to look for homes because you’ll look as good as a cash buyer (if not better) that way.

 

If you have any questions for me about the mortgage process or real estate in general, feel free to reach out via phone or email today. I look forward to hearing from you soon.

Posted in Buying
Feb. 16, 2020

New Report designed exclusively for Home Sellers that want to sell for more money

Are you looking for ways to sell your home for more money? Do you crave information that real estate agents either don’t know, or refuse to share? We have created a real estate report exclusively for you.

Get you free report here:  The 7 Critical Steps to Selling For Up to 10% More Money can be found by clicking on the dollar signs $$$

Posted in Selling
Jan. 21, 2020

How to Find the Best Staging Strategy for You

There’s a lot of debate out there about home staging and whether or not it works. Here’s my opinion on the matter.

Looking to buy a home? Click here to search all Phoenix area homes.

Looking to sell a home? Click here for a FREE home valuation.

One of the most-asked questions I hear from homeowners is, “Should I stage my home before selling it?” The answer depends. If you have furnishings that are already in your home that are modern and desirable to buyers, we can bring in a staging expert to recommend some small tweaks. 25% of sellers spend money on staging their homes, and 50% of those sellers see a 10% increase in the offers they receive. The goal of staging is for buyers to picture themselves in your home with furnishings that are popular and neutral. You may have these furnishings in your home already, or we may need to bring some of them in.

50% of sellers who stage see a 10% increase in the offers they receive.

If you have any questions about staging or real estate in general, don’t hesitate to reach out via phone or email today. I look forward to hearing from you.

Posted in Selling