Selling

Being an agent who helps both buyers and sellers is rather enlightening and quite beneficial. Add to it being also a property owner, buyer and seller and you can see that we get to view it from all sides. I believe this is a benefit to us as agents and a benefit to our clients. We're all the above in any market that has been around for over the last decade. 

In this market where inventory is at a long time low it would seem that sellers have the upper hand, and for the most part they do, but imagine having to deal with choosing from several equally good offers.

Imagine each party calling you to explain their situation and motivation vying to be the one to get the home? To be that one on this property after you, as the buyer, have already put in

"I am a [R]ealtor in the East Valley.  I was looking at new listings and your 'collage' photo caught my attention! 

Do you have a special software that allows you to do that?  Do you use an expensive camera for your pictures?

Thank you in advance for sharing info!

Your photo presentation of your listing is great!"

I put in the extra effort for listings when owners put in that effort as well. Not sure about the psychology behind it: that's how it is.

We have a long list of thing that seller should do before a home goes on the market and I'm always excited when it happens. It means many things, but the result is that it will be a better listing and probably a faster sale and smoother transaction. We don't give out lists and guidance to keep

This simple article titled, The Three L’s for Home Safety: Locks, Lighting & Landscape ,by Andrew Wooten posted on the Arizona Association of Realtors blog has three perfect tips for Phoenix home sellers.

Selling a home can be an experience with many emotions attached, but some you want to avoid: those associated with vandalism and crime.

It does happen no matter the neighborhood. Some are more prone to it then others though.

None the less there are some steps owners and their agents can take to minimize temptation and Andrew points out the primary three.

• Locks - it's obvious right. I would go even further by not putting the lock-box in a visible spot. A big blue box can be stolen for the key and it has happened.

• Lighting -

When shopping for homes, buyers often look at the home and consider what they will have to do first if they purchase that particular home. That consideration can mean an offer or no offer on your house: or a lower offer.

When a buyer sees the need for a paint job, the repair of cracks in drywall, caulking, cleaning or a new front door the cost in their mind is usually much higher than the actual. 

In this day when we see so many low down FHA offers it may result in you not receiving an offer since such loans are taken by persons who don't have excess funds for too many repairs. If it's a cash buyer the result will mean a much lower offer than if you had taken care of those items first.

The most important items to most people, unfortunately, are

Well not quite a prison, but a house for sale in a decent neighborhood, which this is, should not have this look.

Lately I have to tell a lot of people that 'this home is pending' or 'under contract' and sometimes I get a question, "what does that mean?"

It means that a seller and buyer have come to terms, to an agreement on the sale/purchase of that particular real estate and put in writing. The property is sold subject to the terms of the purchase contract and any addenda attached to it.

Once this happens the seller cannot accept another offer, unless that subsequent offer is in a back up position. A back up contract may go into the first position, subject to the term of the back up agreement, if the first position offer falls though. 

A transaction that is pending is one in which the seller has more confidence that the transaction will close. There are

Selling real estate is somewhat of an art form and science. Neither one alone will do the magic, but a combination of the two can do wonders. Not everyone has the luxury of timing their home's sale or even when the property goes on the market, but for those who can, there is some data to consider. There is the timing of listing the property as we'll cover below and there is seasonality in the Phoenix market which I covered before. 

Now, Redfin has added some more useful data to the mix, that is when you should or at least should consider, listing your home for sale: winter, spring, summer or fall. There is a reason why most homes sell in the early summer, so besides timing the market, timing seasonality there is coordinating your life with the sale

There are different ways to approach income property investing. Some go for the low income high return and high maintenance properties and others prefer low maintenance, good return stable properties and there are many approaches in between. All are good with their own respective pluses and minuses.

The Arcadia area in zip code 85018 has a more premium selection of multifamily properties, it is an in demand area by both renters and home owners and home prices can quickly go well beyond the market average of $86 per square foot the hundreds per square foot. 

A stable income property is even more important for those who are investing with a self directed IRA. Not everyone knows this, buy stocks and commodities are not the only things you can invest

Redfin just posted an article explicating which day is best to 'list' your home, but don't stop there.

What day of the week should  you release your home into the market is probably a better headline than 'list' because listing is one thing and putting it into the open market is another and they rarely happen at the same time. Let me explain.

When you list a home, you sign an agreement between you and the broker to sell the home: that's what I call listing. Often, a good agent, will give you a list of things to do before the home is put on the MLS. These can include staging, cleaning, repairs in addition to taking and processing photo, videos and/or virtual tours as well as creating copy, all of which should be done before the home is