4 Things That Determine Your List Price in Phoenix

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How much is your Phoenix home worth? There are 4 factors that really determine the value of your property.

1. What does inventory look like? We usually examine the market in terms of months worth of supply. Hypothetically, if there weren’t any new listings, how long would it take those homes to sell?
2. What are the average days on market? In your neighborhood, how long is it taking homes to sell on average?
3. How many active listings are in your neighborhood? Essentially, this is your competition.
4. How does your home compare to those houses? We’ll look at where you want to price your home in regards to days on the market. 

These are what to look at to sell your home for more money in less time. If you’re thinking about selling your home, give us a call and we’d be happy to give you a value that your home would sell for. Give us a call!

Strike While the Market’s Hot in Phoenix

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Should you wait to make an offer on a new listing?

You need to look first at what’s going on in the market. As of right now, the Phoenix market is pretty hot. If you’re looking for a home under $350,000 that’s upgraded and priced correctly, the home’s going to sell relatively quickly. If a home just came on the market, you may want to get in there before there’s multiple offers or other interest.

"As a buyer, you’ll probably have to show strength in your offer."

When doing so, you always want to make a fair offer. Today, the market favors the seller a little bit, so a fair offer means you’re probably going to have to give up some things. As a buyer, you’ll probably have to show strength in your offer. For a stronger offer, provide more earnest money, a bigger down payment, or ask for fewer concessions.

We’re happy to answer any questions you have as either a buyer or seller, just give us a call.

Buy Brand New or Resale in Phoenix? Consider the Incentives

Looking to buy in Phoenix?  Get a full home search, 

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Should you buy a new home in Phoenix or purchase an existing resale property?

It’s a question I get a lot and it’s a good one for the Phoenix real estate market. Typically for a brand new home, you’re looking at a cost of about 15% to 20% more than an equally-sized resale home in the same area. Sounds like a pretty expensive premium, right?

On the other hand, a brand new home comes with a warranty, and everything is brand new. The maintenance on that home over the next five to 10 years will be substantially less than a resale home.

Additionally, there are always incentives going on with different builders. Reach out to us and we’ll get you set up with a builder for a great deal on a brand new home. We study the market and we know exactly what specs are out there and which builders are offering which incentives.

If you have any questions, give us a call or send an email. We’d love to help.