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

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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.

Six Strategies to Add Value to Your Phoenix Home

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Today, I want to discuss six ways to upgrade your home’s look, and add value while you’re at it. Many of these are fairly inexpensive, too!

1. Reduce clutter. Over time, it’s normal to accumulate belongings to fill up your home. Start going through and clearing tabletops.

2. Eliminate grunge. Sometimes, I open my garage and there’s stuff everywhere. Clean it and reduce the junk.

3. Change lighting. Add or rearrange lamp fixtures. This one of the best and simplest ways to make a room appear bigger.

4. Upgrade hardware. It always surprises me how adding new hardware makes such a big difference.

5. Repaint. This is the least expensive yet most impactful way to upgrade your home’s look.

6. Focus on decor. Sometimes, when you’ve had furniture for a long time, you want to invest in some new decor. This could include furniture, drapes, and other fixtures.

If you’re thinking about buying or selling in the Phoenix area, give me a call or send me an email. I’m happy to answer any questions you might have about this topic or more!