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Showing posts with label Home Trends. Show all posts
Showing posts with label Home Trends. Show all posts
Saturday, September 24, 2011
Are You Sitting on the Fence, wondering if you should buy!
Thinking out of the box...That's what it takes today to land a home. If you want to work with a realtor that know how to get the home and close the deal call Linda 602-391-8246
FOR HOMES IN PHOENIX AND THE METRO PHOENIX AZ AREA USING FLEXMLS®, THE OFFICIAL AND LIVE MLS!
Should
you be sitting on cash right NOW!!!
Thursday, October 15, 2009
Selling A Home In A Slump
Despite recent trends suggesting the real estate market has hit an all time low there are still plenty of people buying homes, 1st time home buyers and home owners taking advantage of the low interest rates and upgrading to bigger homes. So how can you improve your odds of selling your home during these hard times?
Eeverything around you is telling you the market is your worst enemy, you have to figure out how to turn your luck around. Fortunately, there are ways you can do that. There are several steps you can take to make luck work for you and not against you.
Eeverything around you is telling you the market is your worst enemy, you have to figure out how to turn your luck around. Fortunately, there are ways you can do that. There are several steps you can take to make luck work for you and not against you.
- First, make sure your home is always available for showing, no matter your situation. This will improve the odds you will sell your home. Don’t let inconvenience stop you from showing your home to anyone interested.
- Make sure your home is clean all the time, even if you are not naturally a clean person.
- Have a professional real estate agent or broker come and stage your home so it presents in the best possible light. This will improve your odds of putting your best face forward and impressing potential home buyers.
- If you have pets, make sure they are contained, clean and that all pet odors are removed from the home, unless you plan to sell only to other pet owners. Even then make sure your pet materials are meticulously clean and your yard free of pet debris and waste. Having pets is fun but showing a home with pets in it can be challenging. If you leave the home for a showing take your pets with your or have them restrained so they do not scare off prospects.
- Set a competitive price if you want people to show your house and if you plan to sell your home in a tight market. You probably won’t get top dollar but you can get a fair asking price even if trends suggest the housing market is plummeting. Remember there are still people that have money and have an interest in plunking it down on a new house and worthy investment.
Thursday, August 13, 2009
PHOENIX is one of the most popular cities in the entire United States!
* 2,164 single family detached homes were purchased in July 2009 vs. 1,120 last year (July 2008).
* The average price paid was $134,082 vs. $226,429 last year.
* The median price came in at $86,900 vs. $180,000 last year.
* The ratio of purchase price to list price was 103% vs. 97% last year.
* The average time on the market was 74 days vs. 86 days last year.
* There were 8,871 Active single family listings vs. 14,170 last year.
Phoenix (and the greater metropolitan area) is being impacted by bank owned (foreclosed/REO) properties continuing to hit the market in record numbers. As a result, several unique conditions currently exist:
The selection of available homes for sale in Phoenix is good, but significantly less than just a few months ago. Regardless of the price point, many of the bank owned (foreclosed/REO) properties are in deplorable condition (trashed/stripped by former owners and/or vandalized after being vacated/abandoned), but perhaps 10-20% of them are in terrific locations, have quality upgrades and a private pool, and are in move-in condition. There are also hundreds of single family homes, townhouses and condos in Phoenix that are on the market by homeowners who want or need to sell their homes, many of which are in outstanding condition and priced quite aggressively.
Prices in Phoenix have fallen to the point where many nearly new homes are actually priced below current comps/appraisals. Some areas have seen prices correct downward by as much as 50%. Home prices are extremely attractive and affordable in virtually every area of Phoenix, including gated communities and waterfront properties, and are arguably at or near rock-bottom levels.
In spite of the sub-prime lending crash that started in 2006, and national banking/liquidity crisis that surfaced in 2008, mortgage loans in Phoenix are still readily available. Credit requirements are more stringent than they were in recent years, but solid loan products and pre-approvals are indeed accessible. Several loan products have made a roaring come-back, including FHA loans requiring only a 3.5% down payment and VA loans requiring no down payment.
Mortgage interest rates continue to hover in an historically low range. Like most everything on this planet, the reasons for such super-low mortgage interest rates are numerous and complex. The obvious benefit is that many buyers are indeed able to finance their home purchases. And given the tremendous choice of homes and almost unbelievable pricing, bargains, deals and steals in Phoenix are happening daily.
The result of the foregoing conditions ~ abundant supply of homes, extraordinarily low prices, availability of mortgage financing and low interest rates ~ is a noticeable, steady increase in buying activity in Phoenix. Properties that are priced aggressively and in above-average condition (bank owned or not) are often drawing multiple offers and selling in just a few days.
Whether your interest is in single family homes, town homes or condos... and whether you're focused on bank owned (foreclosed/REO) properties, pre-foreclosures, short sales or homes being offered by traditional homeowner-sellers... and whether you're looking for smaller, larger, older, newer, waterfront, gated, private pool, no pool, active adult, horse property, mountain views or any other type of home in Phoenix, we're here to serve you and help you find and purchase just the right home at just the right price.
For FREE access to ALL of the currently available listings in Phoenix (or anywhere in the Valley of the Sun), simply go to AZPrideproperty.com
For FREE email delivery of ALL of the currently available listings that meet your exact wants and needs, or FREE access to a customized website where all of the details on all of the homes are displayed and updated daily ~ including photos, virtual tours, property features and even addresses ~ simply email AZhomes4u@gmail.com No registration required!
For fast, friendly, professional information and assistance regarding homes in Phoenix, email AZhomes4u@gmail.com, or call 602-391-8246. We'll respond to you quickly and courteously, by email or phone, whichever you prefer. No pushy salesmen! No pressure! No obligation! We take pride in your investment.
* The average price paid was $134,082 vs. $226,429 last year.
* The median price came in at $86,900 vs. $180,000 last year.
* The ratio of purchase price to list price was 103% vs. 97% last year.
* The average time on the market was 74 days vs. 86 days last year.
* There were 8,871 Active single family listings vs. 14,170 last year.
Phoenix (and the greater metropolitan area) is being impacted by bank owned (foreclosed/REO) properties continuing to hit the market in record numbers. As a result, several unique conditions currently exist:
The selection of available homes for sale in Phoenix is good, but significantly less than just a few months ago. Regardless of the price point, many of the bank owned (foreclosed/REO) properties are in deplorable condition (trashed/stripped by former owners and/or vandalized after being vacated/abandoned), but perhaps 10-20% of them are in terrific locations, have quality upgrades and a private pool, and are in move-in condition. There are also hundreds of single family homes, townhouses and condos in Phoenix that are on the market by homeowners who want or need to sell their homes, many of which are in outstanding condition and priced quite aggressively.
Prices in Phoenix have fallen to the point where many nearly new homes are actually priced below current comps/appraisals. Some areas have seen prices correct downward by as much as 50%. Home prices are extremely attractive and affordable in virtually every area of Phoenix, including gated communities and waterfront properties, and are arguably at or near rock-bottom levels.
In spite of the sub-prime lending crash that started in 2006, and national banking/liquidity crisis that surfaced in 2008, mortgage loans in Phoenix are still readily available. Credit requirements are more stringent than they were in recent years, but solid loan products and pre-approvals are indeed accessible. Several loan products have made a roaring come-back, including FHA loans requiring only a 3.5% down payment and VA loans requiring no down payment.
Mortgage interest rates continue to hover in an historically low range. Like most everything on this planet, the reasons for such super-low mortgage interest rates are numerous and complex. The obvious benefit is that many buyers are indeed able to finance their home purchases. And given the tremendous choice of homes and almost unbelievable pricing, bargains, deals and steals in Phoenix are happening daily.
The result of the foregoing conditions ~ abundant supply of homes, extraordinarily low prices, availability of mortgage financing and low interest rates ~ is a noticeable, steady increase in buying activity in Phoenix. Properties that are priced aggressively and in above-average condition (bank owned or not) are often drawing multiple offers and selling in just a few days.
Whether your interest is in single family homes, town homes or condos... and whether you're focused on bank owned (foreclosed/REO) properties, pre-foreclosures, short sales or homes being offered by traditional homeowner-sellers... and whether you're looking for smaller, larger, older, newer, waterfront, gated, private pool, no pool, active adult, horse property, mountain views or any other type of home in Phoenix, we're here to serve you and help you find and purchase just the right home at just the right price.
For FREE access to ALL of the currently available listings in Phoenix (or anywhere in the Valley of the Sun), simply go to AZPrideproperty.com
For FREE email delivery of ALL of the currently available listings that meet your exact wants and needs, or FREE access to a customized website where all of the details on all of the homes are displayed and updated daily ~ including photos, virtual tours, property features and even addresses ~ simply email AZhomes4u@gmail.com No registration required!
For fast, friendly, professional information and assistance regarding homes in Phoenix, email AZhomes4u@gmail.com, or call 602-391-8246. We'll respond to you quickly and courteously, by email or phone, whichever you prefer. No pushy salesmen! No pressure! No obligation! We take pride in your investment.
Thursday, January 29, 2009
10 Hot Trends in Home Design
Contemporary touches are what home owners and buyers desire in 2009, according to a panelist of designers at a session Tuesday on “Design Trends Marketplace” at the International Builder Show. Today’s minimalist design may mix straighter furniture elements, two different colors repeated throughout (e.g. white and green) and a mix of fun, bold accessories (such as a red chair) or a traditional element (such as an antique mirror).
Indeed, contemporary architecture is even spreading to suburbia (see examples from Agave’s energy efficient contemporary homes in Austin, Texas).
Here are some of the common design trends growing in demand.
1. Lighting options used as pieces of art in funky shapes (see examples: www.lightcrafters.com). A variety of lighting options can be used that are decorative yet functional.
2. Outdoor living that serves as an extension of the inside of the home with outdoors that boast comfortable seating, audio, TVs, a fireplace, and artwork to punch up the space. Why stay cooped up inside when you can extend the livable portion of your property by creating outdoor living spaces? It certainly isn't difficult to build outdoor living spaces. But it does take an appreciation for the "divide and conquer" approach.
3. Design accessories reflecting nature speak to buyers who are more aware of preserving the environment. For example, tree designs are popular, such as via an art sculpture, painting, or even reflected in a table (see www.palecek.com).
4. Green design elements, such as water-efficient appliances and LED lighting under the kitchen cabinets, continue to gain traction and offer cost savings.
5. His and her amenities are increasing, such as even separate garages and vanities with his countertop higher than her’s for a more custom look.
6. Car lifts offer compact storage of vehicles and are expected to grow in popularity as lot sizes grow smaller. A basement built under a garage can allow for the car to descend into the basement until you need it. Or a garage with a higher ceiling can stow the car above.
7. Windows can serve as focal points of a room as well as boost energy efficiency. Floor-to-ceiling windows can add drama to a room.
8. Wood in dark or light stains and in various materials are being used throughout homes. For example, wood details on the ceiling can enhance the architecture and Palmwood, which comes from coconut palms, can be used to add a featured wall in the room.
9. Mirrors add glamour to a room and help buyers see themselves in the space–literally. Mirrors add a focal point, enlarge rooms, and can be an important detail to include in homes (see www.mirrormatecommercial.com for examples).
10. More electronics are being sprinkled everywhere, such as iPod docking stations throughout the home and TVs in practically every room (e.g. kitchen, study, and bathrooms).
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