Benefits of Selling in a Low Inventory Market

 

1. More Demand

  • Limited supply of homes for sale is a key factor in the current real estate market.
  • A low supply increases demand, making home more desirable.

 

2. Inventory Below Normal Levels

 

3. What this means for Sellers

  • With limited inventory, buyers have less choices. This gives you a chance to

make your home stand out.

  • Homes priced appropriately are selling rapidly, presenting an advantage for sellers. This can also help create multiple offer situations.

 

 

If you want more selling tips for the holidays, we would love to help you! Reach out to us today @ SHEA PREFERRED REALTY 

Mastering Home Staging: A Tale of Transition

 

Our homes, repositories of cherished memories, tell stories through family photos adorning walls. Yet, when it’s time to sell, the narrative shifts – enter the art of home staging.

Home staging goes beyond decor; it’s about creating an atmosphere that appeals universally. Strategic removal of family photos and personal items allows potential buyers to envision their own stories within the space.

Watch our Intagram Post Here!

???? Top Staging Tips:

  1. ???? Storage for Personal Items: Temporarily stow family photos and unique decor.
  2. ???? Neutral Palette: Opt for neutral tones to broaden appeal.
  3. ???? Greenery Welcomes: Plants add life and visual appeal.
  4. ???? Mirrors Enhance Space: Reflect light for a positive ambiance.
  5. ???? Declutter and Depersonalize: Minimize clutter to showcase the home’s features.

 

????️ Join the Conversation: Share Your Home Selling Journey!

Have you sold a home? Share your tips and experiences in our Instagram post here!. Let’s discuss the emotional journey of parting with a home and the art of preparing it for its next chapter. #HomeStaging #RealEstateTips 

Sell Your Home Before Year Ends!

 

It’s the end of the year and you’re probably still thinking about if you should sell your home now or wait. If you think you should hold off, here are three things you should reconsider.

 

 

  1. Listing your home now means you are ahead of the competition.
  2. There are still motivated buyers looking for homes. You will have the advantage of attracting them to yours since inventory is usually lower this time of the year.
  3. And if you’re worried about a down payment, you already have it with the equity you have gained.

Ready to make your move? Reach out to us now! @SHEA PREFERRED REALTY

Tips for Closing Day!

If you are thinking about selling your home here in Arizona, then here is something you need to know.

Once escrow closes, the new owner takes possession, and you need to be fully moved out.

Unlike other states, there’s no grace period here. 

Are you thinking about selling? Reach out to us today and we can connect with you.

 

WATCH OUR INSTAGRAM VIDEO HERE!

Why Do Some People Sell Their Homes?

1. Relocation

Changing jobs, moving closer to family, or simply seeking a new adventure are all great reasons to relocate. If a fantastic job opportunity has come your way in a different city, selling your current home could be the next step on your journey.

2. Upgrading or Downsizing

A growing family may require more space, while empty nests or retirement may make you crave a cozier abode. Upsizing for extra room or downsizing for simplicity are common motivations to sell.

3. Change in Relationship or Health

Relationship changes, whether it’s marriage or separation, and health considerations can greatly influence the need to sell. The right home can significantly improve your quality of life.

 

Connect with us for guidance on buying and selling your home! @SHEA PREFERRED REALTY

Skills Your Listing Agent Should Have

The road to selling your home begins with finding the perfect listing agent! 

 

Here are 3 essential skills your agent should possess:

1️⃣ Data-Driven Pricing: Don’t be swayed by the highest price suggestion. A great agent values open communication and bases their pricing strategy on solid data. They’ll provide you with facts, explain their strategy, and ensure you’re aligned with the pricing approach.

2️⃣ Strong Negotiator: The home-selling process can be emotional, especially if you’ve cherished your home for a long time. A skilled listing agent excels in negotiations, offering you peace of mind during this crucial phase. They will represent your best interests and guide you through the process.

3️⃣ Strong Problem-Solver: A skilled listing agent’s primary goal is to sell your home. They will prioritize your needs and openly discuss any necessary steps. Your success is their priority, and they’ll collaborate with you to overcome any challenges that may arise.

 

If you are ready to list your home or have been thinking about it, reach out to us today.

We are your local Encanterra agents and would love to help you.

Buying and Selling Simultaneously

In a perfect world, buying and selling simultaneously would go according to schedule. 
The reality is it doesn’t always pan out as nice and timely as you would like. 
Thankfully, there are a few tricks and strategies you can utilize to smooth out any wrinkles in the plan.

1) Leasebacks –  Leasebacks allow you to sell your home and then rent it back temporarily from the new owner. 
It buys you time to find and close on your dream home without rushing or having to move twice.

2) Bridge loans – This type of loan acts as a temporary financing solution, bridging the financial gap between selling your current home and purchasing a new one. They often involve two phases. 

Phase 1 – You may not have to make monthly payments on your new home, but interest accrues.

Phase 2 – Once your current home sells, you use the proceeds to pay off the bridge loan, including accrued interest.

 

Keep in mind a bridge loan can free you from the contingency of selling your current home before buying a new one.

If you’re planning to buy and sell at the same time, swipe for a few more dos and don’ts.

Want to Learn More About Buying & Selling? Send us a message and we will be happy to help! @Shea Preferred Realty Group

Use Your Equity to Help You Retire

 

IS IT TIME FOR A NEW HOME?

Retirement is a milestone filled with opportunities, including the chance to find your perfect home for this exciting chapter. But how do you know if it’s the right time to make a move?

HOW LONG HAVE YOU BEEN IN YOUR HOME?

In the past, homeowners changed residences every six years on average. Today, that number has grown to over nine years. If you’ve been in your home for a while, life changes may mean your needs have evolved.

CONSIDER THE EQUITY YOU’VE GAINED

The longer you’ve owned your home, the more equity you may have built. On average, homeowners who’ve been in their homes for five years have seen a nearly 60% increase in value! For those with 30 years of ownership, the value nearly triples.

RETIRING WITH HOME EQUITY

Thinking about downsizing, relocating, or living closer to loved ones? Your equity can make it happen. Partner with aus and we can help you sell your current home and find your dream retirement residence.

 

Your Home Equity Can Offset Affordability Challenges

 

Are you thinking about selling your house? If so, today’s mortgage rates may be making you wonder if that’s the right decision. Some homeowners are reluctant to sell and take on a higher mortgage rate on their next home. If you’re worried about this too, know that even though rates are high right now, so is home equity. Here’s what you need to know.

 

Bankrate explains exactly what equity is and how it grows:

“Home equity is the portion of your home that you’ve paid off and own outright. It’s the difference between what the home is worth and how much is still owed on your mortgage. As your home’s value increases over the long term and you pay down the principal on the mortgage, your equity stake grows.”

In other words, equity is how much your home is worth now, minus what you still owe on your home loan.

 

How Much Equity Do Homeowners Have Now?

Recently, your equity has been growing faster than you might think. To help contextualize just how much the average homeowner has, CoreLogic says:

“. . . the average U.S. homeowner now has about $290,000 in equity.”

That’s because, over the past few years, home prices went up significantly – and those rising prices helped your equity to accumulate faster than usual. While the market has started to normalize, there are still more people wanting to buy homes than there are homes available for sale. This high demand is causing home prices to go up again.

According to the Federal Housing Finance Agency (FHFA), the Census, and ATTOM, a property data provider, nearly two-thirds (68.7%) of homeowners have either fully paid off their mortgages or have at least 50% equity (see chart below):

That means nearly 70% of homeowners have a tremendous amount of equity right now.

 

 

How Equity Helps with Your Affordability Concerns

With today’s affordability challenges, your equity can make a big difference when you decide to move. After you sell your house, you can use the equity you’ve built up in your home to help you buy your next one. Here’s how:

  • Be an all-cash buyer: If you’ve been living in your current home for a long time, you might have enough equity to buy a new house without having to take out a loan. If that’s the case, you won’t need to borrow any money or worry about mortgage rates. The National Association of Realtors (NAR) states:

“These all-cash home buyers are happily avoiding the higher mortgage interest rates . . .”

  • Make a larger down payment: Your equity could be used toward your next down payment. It might even be enough to let you put a larger amount down, so you won’t have to borrow as much money so today’s rates become less of a sticking point. Experian explains:

“Increasing your down payment lowers your principal loan amount and, consequently, your loan-to-value ratio, which could lead to a lower interest rate offer from your lender.”

 

Bottom Line

If you’re thinking about moving, the equity you’ve built up can make a big difference, especially today. To find out how much equity you’ve got in your current house and how you can use it for your next home, let’s connect. @SHEA PREFERRED REALTY

Advantages of Selling Your Home in the Fall

 

Thinking about selling your home this fall? 

Here are some advantages to making that move:

1. Less Competition: With fewer homes on the market, yours truly stands out.

2. Serious Buyers: Fall attracts motivated buyers eager to settle in before the holidays and chilly weather.

3. Year-End Tax Benefits: Maximize tax advantages by selling before the year’s end – a win-win!

4. Relocations: Companies often relocate employees before year-end, bringing a fresh pool of potential buyers your way.

5. Cozy Vibes: Imagine showcasing your home amidst changing leaves (some here in AZ), crisp temperatures, and pumpkin spice everything – it’s the perfect time to highlight its charm.

 

Ready to discuss listing your home for a successful sale?

Send us a message, and we’ll be in touch! @SHEA PREFERRED REALTY

 

Ben Leeson and TJ Kelley

Arizona Experience Realty Group Resale Broker for the SHEA Preferred Program

480-677-8170

Info@ENCBrokers.com

 

36460 N Encanterra Drive Queen Creek, AZ 85140