Selling a Home?
It can be bittersweet.
We know selling your home can be emotional. Those walls hold memories, and letting go can be tough.
But sometimes, new adventures call! And staging your home can help showcase its potential for the next family to write their own story.
We understand the emotions involved. Our team is here to guide you. Let’s work together to get you the best offer and a smooth transition.
Reach out for a free consultation and see how we can make your next move a positive one at SHEA PREFERRED REALTY GROUP your trusted local Real Estate team!
Homeownership: Your Best Defense Against Inflation
Investing in homeownership is one of the smartest financial decisions you can make, especially in today’s economic climate. With inflation on the rise, protecting your portfolio is crucial, and real estate offers a stable and appreciating asset over time.
Owning a home provides numerous advantages:
- Stable Payments: A fixed-rate mortgage ensures predictable monthly payments, even if taxes and insurance rates change.
- Tax Benefits: Mortgage interest, insurance premiums, and property taxes can be tax-deductible.
- Freedom to Renovate: Homeowners can make any desired changes or renovations without needing landlord approval.
- Access to Funds: A Home Equity Line of Credit (HELOC) allows you to finance home improvements, renovations, or other needs.
Over the past quarter, homeowners gained an average of $34,300 in equity. The average homeowner now holds $300,000 in total equity, with homes selling for a median of $85,000 above the purchase price.
For a detailed analysis of your home’s appreciation since purchase, contact us today. We’re here to help you make informed decisions and maximize your investment. Remember, in today’s market, the best defense is a good offense!
What You Need To Know About Today’s Down Payment Programs
There’s no denying it’s gotten more challenging to buy a home, especially with today’s mortgage rates and home price appreciation. And that may be one of the big reasons you’re eager to look into grants and assistance programs to see if there’s anything you qualify for that can help. But unfortunately, many homebuyers feel like they don’t know where to start.
A recent Bank of America Institute study asked prospective buyers where they lack confidence in the process and need more information. And this is what topped the list:
53% said they need help understanding homebuying grant programs.
So, here’s some information that can help you close that gap.
What Is Down Payment Assistance?
As the Mortgage Reports explains:
“Down payment assistance (DPA) programs offer loans and grants that can cover part or all of a home buyer’s down payment and closing costs. More than 2,000 of these programs are available nationwide. . . DPA programs vary by location, but many home buyers could be in line for thousands of dollars in down payment assistance if they qualify.”
And here’s some more good news. On top of all of these programs, you probably don’t need to save as much for your down payment as you think. Contrary to what you may have heard, typically you don’t have to put 20% down unless it’s specified by your loan type or lender. So, you likely don’t need to save as much upfront, and there are programs designed to make your down payment more achievable. Sounds like a win-win.
First-Time and Repeat Buyers Are Often Eligible
It’s also worth mentioning, that it’s not just first-time homebuyers that are eligible for many of these programs. That means whether you’re looking to buy your first house or your fifth, there could be an option for you. As Down Payment Resource notes:
“You don’t have to be a first-time buyer. Over 39% of all [homeownership] programs are for repeat homebuyers who have owned a home in the last 3 years.”
Additional Down Payment Resources That Can Help
Here are a few of the down payment assistance programs that are helping many buyers achieve their dream of homeownership, even now:
- Teacher Next Door is designed to help teachers, first responders, health providers, government employees, active-duty military personnel, and Veterans reach their down payment goals.
- Fannie Mae provides down payment assistance to eligible first-time homebuyers living in majority-Latino communities.
- Freddie Mac also has options designed specifically for homebuyers with modest credit scores and limited funds for a down payment.
- The 3By30 program lays out actionable strategies to add 3 million new Black homeowners by 2030. These programs offer valuable resources for potential buyers, making it easier to secure down payments and realize their dream of homeownership.
- For Native Americans, Down Payment Resource highlights 42 U.S. homebuyer assistance programs across 14 states that ease the path to homeownership by providing support with down payments and other associated costs.
If you want more information on any of these, the best place to start is by contacting a trusted real estate professional.
They’ll be able to share more details about what may be available, including any other programs designed to serve specific professions or communities. And even if you don’t qualify for these types of programs, they can help see if there are any other federal, state, and local options available you should look into.
Bottom Line
Affordability is still a challenge, so if you’re looking to buy, you’re going to want to make sure you’re taking advantage of any and all resources available.
The best way to find out what’s out there is to connect with a team of real estate professionals, including a trusted lender and a local agent. Connect with us now @ SHEA PREFERRED REALTY GROUP
Start Small, Dream Big: The Benefits of a Starter Home
Your dream home might not be a reality right now, but that’s okay! A smaller starter home can be a fantastic stepping stone on your journey to owning your perfect home.
Why a Starter Home is a Smart Move
Build Equity Over Time
Purchasing a starter home allows you to begin building equity right away. As you make mortgage payments, you increase your ownership stake in the property. Over time, this equity can become a significant financial asset. When you’re ready to upgrade, you can use the equity as a substantial down payment for a bigger house.
Affordable and Manageable
Starter homes are typically more affordable and easier to maintain than larger properties. This affordability can make it easier to qualify for a mortgage and manage your monthly payments. Additionally, a smaller home requires less upkeep, giving you more time to enjoy your new space.
Flexibility for Future Plans
Life is full of changes, and a starter home offers the flexibility to adapt to your evolving needs. Whether you plan to start a family, change jobs, or simply want a change of scenery, a starter home provides a solid foundation without the long-term commitment of a larger property.
Investment Potential
In many markets, real estate values tend to appreciate over time. By purchasing a starter home, you can potentially benefit from market appreciation, increasing the value of your investment. When it’s time to sell, you could make a profit that can be reinvested into your dream home.
Learn the Homeownership Ropes
Owning a home comes with a learning curve. From understanding property taxes to handling maintenance issues, a starter home gives you the opportunity to learn the ins and outs of homeownership on a smaller scale. This experience can be invaluable when you’re ready to move up to a larger property.
Don’t Wait for Perfect
It’s easy to fall into the trap of waiting for the perfect home, but the truth is, your dream home is often a work in progress. Starting with a smaller, manageable home can be the perfect launchpad for your future. You can personalize and improve your starter home over time, making it truly your own while building towards your ultimate goal.
Ready to Take the First Step?
Thinking of buying? Let’s chat about your goals and find the perfect starter home to build your future on!
At Encanterra, we offer a range of beautiful starter homes that provide the perfect blend of luxury and affordability. Let us help you find a home that meets your needs and sets you on the path to your dream home.
Contact us today to start your homebuying journey! @SHEA PREFERRED REALTY GROUP
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Beautiful Home But Incorrect Pricing
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No matter how stunning your space is, an incorrect price could hinder its sale. That’s where we come in! As professional real estate agents, we know the importance of accurate pricing.
Pricing your home correctly is EXTREMELY important in today’s market. If priced too high, your home could be missing out on a lot of buyer attention – but if priced too low you could end up leaving money on the table! And the kicker – if priced incorrectly and it ends up sitting on the market, take a look at how fast “holding cost” can add up while waiting for it to get sold!
Why This is Important
An accurate listing price is pivotal for garnering appropriate attention. Overpricing risks low buyer interest, while underpricing may lead to missed profit opportunities.
The Relationship Between Listing Price and Buyer Attention
Finding the right price is key to attracting potential buyers. Here’s a visual representation of how listing price affects buyer attention:
When you set your listing price:
+15% above market value: You capture only 10% of buyer attention.
+10% above market value: You capture 30% of buyer attention.
At market value: You capture 60% of buyer attention.
-10% below market value: You capture 75% of buyer attention.
-15% below market value: You capture 95% of buyer attention.
Overpricing is Costly
Not pricing your home correctly could cost you if you consider how “holding costs” can accrue over time. Here’s a look at how much your home could cost if it sits on the market:
For a home listed at $600,000:
30 Days: $3,550
60 Days: $7,100
90 Days: $10,650
120 Days: $14,200
Accurately pricing your property ensures you attract the right buyers quickly and avoid unnecessary holding costs. Make sure you consult with a real estate professional who is an expert in the Encanterra Market to get the best possible pricing strategy for your home. For more tips and insights on real estate in the Encanterra Golf & Country Club Community, contact your onsite Encanterra Experts, Shea Preferred Realty Group, today!
So what are you waiting for? Let us guide you through the process and ensure your home is priced right from the start!
Reach out with any questions about selling your home @SHEA PREFERRED REALTY GROUP or contact us 480.677.8170 .
When Selling Your Home, Partner with a Community Expert!
Considering selling your home in Encanterra? Here’s why partnering with a community expert matters.
When selling your home, first impressions are everything. We recently took over a listing that had been on the market for over six months without any success. The previous agent had taken photos “as is,” which didn’t showcase the home’s potential and failed to attract buyers. When the seller reached out to us, we knew we had to make a significant impact. Our team made substantial changes to ensure the home appealed to prospective buyers. We meticulously rearranged rugs, furniture, and accessories to create a welcoming and aesthetically pleasing interior. Our goal was to highlight the home’s best features and make it stand out in a competitive market.
Our commitment to excellence extends beyond the interior. Our full-time maintenance supervisor dedicated an entire day to cleaning the exterior, garage, and patio. We removed unnecessary items, cleaned the entire exterior, and even took care of details like removing old stakes from trees. The transformation was remarkable and turned the property into a visually appealing and inviting space.
At Shea Preferred, we are hands-on, full-time, onsite agents who have represented over 500 buyers and sellers in Encanterra. Our deep knowledge of the community and dedication to our clients set us apart. We offer a range of comprehensive services, including cleaning, pressure washing, window cleaning, staging, and more—all at no additional cost to you.
Our hands-on approach and commitment to excellence paid off. After our intervention, the home received eight showings in just 15 days and is now pending sale. This success story underscores the importance of choosing experienced, dedicated agents who understand the unique qualities of the Encanterra community.
If you’re thinking about selling your home, give our dedicated onsite team the opportunity to help you achieve the best results. Contact us today to discuss how we can get your home in top condition, attract the right buyers, and ensure a smooth, successful sale! Message us @ SHEA PREFERRED REALTY GROUP or dial (480) 677-8170 .
The Importance of Correctly Pricing Your Home in Today’s Market
Pricing your home correctly is EXTREMELY important in today’s market. If priced too high, your home could be missing out on a lot of buyer attention – but if priced too low you could end up leaving money on the table! And the kicker – if priced incorrectly and it ends up sitting on the market, take a look at how fast “holding cost” can add up while waiting for it to get sold!
Why This is Important
An accurate listing price is pivotal for garnering appropriate attention. Overpricing risks low buyer interest, while underpricing may lead to missed profit opportunities.
The Relationship Between Listing Price and Buyer Attention
Finding the right price is key to attracting potential buyers. Here’s a visual representation of how listing price affects buyer attention:
When you set your listing price:
+15% above market value: You capture only 10% of buyer attention.
+10% above market value: You capture 30% of buyer attention.
At market value: You capture 60% of buyer attention.
-10% below market value: You capture 75% of buyer attention.
-15% below market value: You capture 95% of buyer attention.
Overpricing is Costly
Not pricing your home correctly could cost you if you consider how “holding costs” can accrue over time. Here’s a look at how much your home could cost if it sits on the market:
For a home listed at $600,000:
30 Days: $3,550
60 Days: $7,100
90 Days: $10,650
120 Days: $14,200
Accurately pricing your property ensures you attract the right buyers quickly and avoid unnecessary holding costs. Make sure you consult with a real estate professional who is an expert in the Encanterra Market to get the best possible pricing strategy for your home. For more tips and insights on real estate in the Encanterra Golf & Country Club Community, contact your onsite Encanterra Experts, Shea Preferred Realty Group, today!
Stay connected and informed with Encanterra Living! The bi-weekly real estate and lifestyle resource.
Real Estate Is Still the Best Long-Term Investment
According to a recent poll from Gallup, real estate has been voted the best long-term investment for twelve straight years. That’s because a home is so much more just than a roof over your head. It’s also an asset that typically grows in value over time. If you’ve been debating if it makes more sense to rent or buy, DM me to talk about why homeownership can be a better bet in the long run.
Do I really Need a Real Estate Agent when Buying Homes?
Navigating the real estate market can feel overwhelming, but it doesn’t have to be. The key to a stress-free home-buying experience is partnering with the right Real Estate Agent. Here’s why you should never settle for an agent who shows houses. A great agent is your advocate throughout the entire process:
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✅ Always Available: Your agent should be there for you 24/7 (well, almost!). Quick, clear answers to your questions are crucial.
✅ Scheduling Showings: A proactive agent will schedule showings, including those hard-to-find off-market gems.
✅ Mortgage Pre-Approval: Need help getting pre-approved for a mortgage? Your agent should guide you through this important step.
✅ Market Expertise: An experienced agent knows the market inside and out, helping you find the perfect property.
✅ Marketing Mastery: Selling your home? A great agent crafts a killer marketing plan to ensure a fast sale.
✅ Top Negotiator: When it comes to closing deals, your agent should negotiate like a boss, securing the best terms for you.
✅ Inspection Management: From scheduling inspections to advocating for your needs, your agent handles it all.
✅ Paperwork Pro: Real estate transactions come with a mountain of paperwork. A skilled agent makes the closing process smooth and hassle-free.
✅ Neighborhood Knowledge: Your agent should be a local expert, recommending everything from plumbers to the best burger joints in town!
Ready for a Smooth, Stress-Free Experience?
At @SHEA PREFERRED REALTY GROUP, we do the heavy lifting so you can focus on finding your dream home. Our dedicated team ensures every detail is taken care of, providing a seamless experience from start to finish. Don’t let the home-buying process become a headache. Let’s chat and make your home ownership dreams a reality!
Contact us today and experience the difference with a true real estate advocate by your side.
Vacation Rentals 101 Class by Shea Preferred Realty Group
Are you ready to transform your Encanterra home into a thriving vacation rental?
Join us on July 18th, from 2-4 PM at La Cocina for an exciting event, “Vacation Rentals 101”! This is your chance to learn valuable tips from experienced rental owners on how to market, manage, and maximize your property’s potential.
Why Attend?
- Expert Advice: Hear from seasoned vacation rental owners who have successfully navigated the market and are eager to share their knowledge.
- Community Support: Connect with fellow Encanterra homeowners and build a supportive network of like-minded individuals.
- Free Resources: Receive helpful guides and checklists to help you get started and stay organized.
Please note: We are not property managers. This event is purely for friendly advice to help our community members succeed in their vacation rental ventures. Spaces for this exclusive event are limited, so be sure to reserve your spot today! Click this link to reserve your spot: VACATION RENTALS 101
Questions? Message us @Shea Preferred Realty Group or contact info@azexp.com
