tag:blogger.com,1999:blog-59458178215480179442023-12-05T04:49:46.199-08:00Valerie Caro - Flagstaff Arizona Top Producers Real EstateProviding real estate services in Flagstaff and Coconino County Arizona.Unknownnoreply@blogger.comBlogger34125tag:blogger.com,1999:blog-5945817821548017944.post-51804482524836886862013-06-26T10:27:00.003-07:002013-07-03T09:34:14.796-07:00Flagstaff Mortgage Update June 2013<iframe allowfullscreen="" frameborder="0" height="394" src="//www.youtube.com/embed/bh1e37wddW4?rel=0" width="700"></iframe>
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<span style="font-size: large;"><b>What's Happening with Flagstaff Interest Rates?</b></span><br />
The biggest question everyone has is what is going to happen with interest rates. Well, they are on the rise. Within the past two weeks, there was the largest spike in rates that I’ve seen in my career. Because of this, there will be a fall in the refinance volume. It is a healthy increase in rates, though, because there is such a shortage in inventory.<br />
<span style="font-size: large;"><b><br />What Kind of Products are Available?</b></span><br />
There has been a push back against manufactured homes. There are still finance options available, but it is a difficult market to get into.<br />
<span style="font-size: large;"><b><br />What are Some Up-and-Coming Flagstaff Mortgage Products?</b></span><br />
Renovation and rehab loans are phenomenal right now. So, if you are looking to modernize your home, replace those old kitchen countertops, etc., there is some great financing for you.<br />
<span style="font-size: large;"><b><br />What Kind of Documentation Will You Need?</b></span><br />
When applying for a loan, a lot of people feel like they are being picked on. Extensive documentation and questioning are not unique to you alone. Bank statements, questioning where deposits come from, etc. are standard for all those applying, in hopes to mitigate fraud and default rates.<br />
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These are some of the biggest challenges I see in the market right now. If you have any questions please call me at 928.214.7100Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-5945817821548017944.post-23517700520369843802013-03-25T08:39:00.001-07:002013-06-28T09:54:49.375-07:00Transformation: Depersonalize and Neutralize <iframe allowfullscreen="" frameborder="0" height="400" src="http://www.youtube.com/embed/lmvssDhUVHE?rel=0" width="700"></iframe><br /><br /><a href="http://youtu.be/lmvssDhUVHE">Watch on your mobile device >></a><br /><br />You want to sell your home quickly. The fastest way to do so is to start depersonalizing your home to create a blank canvas. You don’t want to distract the buyer with your personal belongings, so pack up the photos, and let the buyer imagine their own photos on your walls and knick-knacks on your shelves all the while saying, “I can see myself living in this home!” Less is more. To help create the blank canvas, paint is inexpensive and it will increase the value of your home, but you need to choose a neutral palette. The goal is to appeal to the masses because when you do, you get more showings, which leads to more offers and then, ultimately, the highest price possible for your property.<br /><br />Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-5945817821548017944.post-52172013835572743642013-01-30T11:35:00.001-08:002013-06-28T09:55:26.749-07:00It’s Cold Outside But The Real Estate Market Is Heating Up In Flagstaff!<iframe allowfullscreen="" frameborder="0" height="400" src="http://www.youtube.com/embed/L0QvI9iajUI?rel=0" width="700"></iframe><br /><br /><a href="http://youtu.be/L0QvI9iajUI">Watch on your mobile device >></a><br /><br />
Here we are almost in February of 2013 and things are heating up! Not outside, but rather in our real estate marketplace. More and more people are out there getting ready to sell their homes and with good reason. Interest rates continue to present fabulous opportunities for buyers and as the weeks and months go on, we will see a LOT more competition out there.<br />
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We had a great year in 2012 and we look forward to making this one even better! In fact, our goal is to help at least 202 families by July – and we need your help to accomplish our goal.<br />
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Thank you for all your referrals, your trust in us and your continued support. You are the reason we are at the top of the list in Flagstaff real estate and we don’t plan on letting that change anytime soon.<br />
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Contact us today if you would like us to help you make your real estate goals and dreams become a reality. There is nothing more rewarding for us than to be able to serve our friends, neighbors and community!<br />
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(928) 214-7100<br />
<a href="mailto:Valerie@flagstaffhouses.com">Valerie@flagstaffhouses.com</a><br />
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Unknownnoreply@blogger.com4tag:blogger.com,1999:blog-5945817821548017944.post-79368802155986194512013-01-18T07:25:00.001-08:002013-06-28T09:56:11.491-07:00 8 Secrets to Getting Your Offer Accepted in a Multiple Offer Situation<iframe allowfullscreen="allowfullscreen" frameborder="0" height="400" src="http://www.youtube.com/embed/9CIcxs_dQeQ?rel=0" width="700"></iframe>
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;"><br /><a href="http://youtu.be/9CIcxs_dQeQ">Watch on your mobile device >></a><br /><br />With our shifting real estate market comes new (and in many cases) welcome problems to have to deal with. Take the relatively new occurrence of multiple offer situations in our area lately. After months (and years) of a buyer-controlled market, we are finally seeing fewer homes available and more buyers interested in the choice properties that are out there.</span></div>
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;">So what do you do if you are a buyer faced with multiple offer competition? You BEAT that competition! Here are eight ways to get around those other offers, make yours stand out and GET the home of your dreams!</span></div>
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<b><span style="font-family: Calibri, sans-serif; font-size: 14pt;">Avoid a Bidding War in the First Place</span></b></div>
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;">One of the easiest ways to avoid a bidding war is to act fast on your interest in a home. <i><u>If you see it, like it and want it – make an offer on it!</u></i> There is no reason to delay things because eventually you will have a chance to look back on the purchase while it is under contract and iron out any details. But if you don’t want other buyers fighting for the same house, beat them to it.</span></div>
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<b><span style="font-family: Calibri, sans-serif; font-size: 14pt;">Keep The Emotions Out of It</span></b></div>
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;">Some overzealous buyers that don’t have their offers accepted lash out and retaliate against the sellers. Expressing anger and disappointment through a letter or via their agent is not a smart way to handle the situation. Often the first offer on a home is not even realized, where the seller revisits other bids received, going to their next choice. If you handle rejection gracefully, maybe with a <i><u>thank you letter expressing regret but that you’re interested in the home</u></i> should they change their mind, you may walk away with your dream home after all.</span></div>
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<b><span style="font-family: Calibri, sans-serif; font-size: 14pt;">Bring Some Personality to Your Offer</span></b></div>
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;">While some agents prefer to make offers on behalf of their clients in writing and other impersonal ways, the best way to do it is by bringing an element of personality into your offer. Write a <i><u>handwritten letter expressing what you love about the house</u></i> and that you’ll take care of it just like they have for so many years (if applicable). This will show your sincerity in wanting the house and it will also stick in their minds when they go back to review all offers received on the property.</span></div>
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<b><span style="font-family: Calibri, sans-serif; font-size: 14pt;">Choose a Communicative Agent</span></b></div>
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;">As mentioned in the previous point, some agents choose lackluster means of communication. When hiring your agent, be sure to <i><u>select someone that is warm but also on the ball</u></i> and quick.</span></div>
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;">Accessibility is key for the buyers’ agent as much as it is for the sellers’. If the seller is to gauge the level of your enthusiasm then they must be getting those signals from your agent.</span></div>
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<b><span style="font-family: Calibri, sans-serif; font-size: 14pt;">Know Your Numbers</span></b></div>
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;">Sometimes the final sales price doesn’t matter. There will be an appraisal before the home is financed, which is the value that you will end up paying on the home. Knowing in advance gives you a head start over other buyers since you will <i><u>be armed with knowledge ahead of time</u></i> and can anticipate a reasonable offer accordingly. You should be aware of price per square foot as well as other comparable sales in the area. Keep in mind, there may not even be a need for a bidding war because the price might be capped by the appraisal anyway.</span></div>
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<b><span style="font-family: Calibri, sans-serif; font-size: 14pt;">Don’t Stray From the Straight and Narrow</span></b></div>
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<i><u><span style="font-family: Calibri, sans-serif; font-size: 11pt;">Offers that are simple, cleanly written and to the point</span></u></i><span style="font-family: Calibri, sans-serif; font-size: 11pt;"> are the ones sellers respond to the most. Especially in a multi-offer situation, sellers do not want to have to rifle through endless pages of contingencies, conditions, minor detail mongering and other unnecessary things. The easier you make it for the seller, the better your chance to get the home of your dreams. Remember that at the end of the day you can go back and identify any specific wants you may have but just wait until you have an accepted offer.</span></div>
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<b><span style="font-family: Calibri, sans-serif; font-size: 14pt;">Choose Your Priorities Carefully</span></b></div>
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;">A common request these days is for FHA buyers to request assistance from the seller with closing costs. If you are a buyer that is faced with a multi-offer situation and you have the choice to not ask for closing costs – you may just be able to win your bid after all. Most sellers today are selling their homes after 10, 20 years and they have no idea of the recent trend of closing cost sharing. To avoid this and the potential of losing your bid on the home overall, <i><u>don’t ask the seller – make alternate arrangements for closing costs</u></i>. Borrow from someone. Accept a gift from a family member. Tap into your savings.</span></div>
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<b><span style="font-family: Calibri, sans-serif; font-size: 14pt;">Do Better Than the Rest</span></b></div>
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;">An excellent tool used by buyers in these situations is to offer more than everyone else. Everyone wants more money and in today’s market sellers are already getting less than what they had expected to get. If you have found the home of your dreams <i><u>pay extra money to make sure your offer is the one that is accepted</u></i> and it will offset any costs you may have needed to put into a less-than-perfect property otherwise.</span></div>
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;">Remember, this is a time when more buyers are vying for fewer available homes. So nothing is foolproof and there is always the potential of not winning your bid. The best defense you can have against that happening is to be prepared in advance. Get ready to be disappointed. If the home you are looking at is perfect, chances are there are others looking at it with the same eyes too. Aside from putting into our secrets into play, the best thing you can do is to stay realistic. When the right house comes along – things <i>will</i> fall into place. Good luck!</span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5945817821548017944.post-28084204709325154092012-12-05T11:46:00.001-08:002013-06-28T09:56:49.402-07:00The Flagstaff Real Estate Market Continues to Present Fantastic Opportunities for Buyers and Sellers<iframe allowfullscreen="allowfullscreen" frameborder="0" height="400" src="http://www.youtube.com/embed/0KtRK1jHBzg?rel=0" width="700"></iframe><br /><br /><a href="http://youtu.be/0KtRK1jHBzg">Watch on your mobile device >></a><br /><br />
Now, it may seem that it is not possible to have a buyers’ AND sellers’ market but truth be told, we are definitely leaning toward that phenomenon. With our inventory levels lower than they have been in ten years – sellers are starting to enjoy the perks that come from heightened demand in the marketplace. It turns out that fewer homes, combined with great interest rates and buyers’ post-election pent up demand – results in more money in sellers’ pockets. We are also seeing multiple offer situations and in some cases if it’s a great home that is priced well, we are even seeing some price wars.<br />
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From a buyer’s standpoint, what better time could you find to buy a home than when interest rates are in the low 3 percent range? Combine that with reasonably low prices and the relaxed lending practices these days then you will quickly realize it’s a win-win combination for all. You can get so much more house for the same amount of monthly payment – and very surprisingly, it’s largely because of interest rates plus depressed prices.<br />
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If you know of anyone that is considering selling their homes – we want to hear from them! The market needs more homes for sale. Trust me, they will thank you for it!<br />
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As always, I welcome your calls, emails and visits for any of your real estate needs and look forward to helping you achieve your real estate goals!<br />
<br /><br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5945817821548017944.post-22553867686694011632012-11-26T08:32:00.001-08:002013-06-28T09:57:10.672-07:00Celebrating Our 100th Transaction of 2012!<iframe allowfullscreen="allowfullscreen" frameborder="0" height="400" src="http://www.youtube.com/embed/FGSDjgdrTtU?rel=0" width="700"></iframe><br />
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We love what we do and this year as our business thrived and we got to see through so many successful real estate transactions, you can imagine how excited when we crossed over our 100th transaction!<br />
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It’s not even the last month of the year but with the holidays around the corner, I especially enjoyed the opportunity to mark this wonderful occasion with someone special! With a special treat given to one of our favorite clients, Dave Call, a client that has worked with our firm for approximately fifteen years we are now embarking on yet another leg of this amazing journey.<br />
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I want to thank each and every one of you for trusting in us, for allowing us the opportunity to serve you and for supporting us throughout the year. We invite you to please share this video with anyone else you may know that would benefit from our services.<br />
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Thank you!<br />
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<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5945817821548017944.post-48655216093154744222012-10-01T08:47:00.002-07:002013-06-28T09:56:25.946-07:00Listing Your Home in the Winter – Flagstaff Real Estate Market Snapshot<iframe allowfullscreen="allowfullscreen" frameborder="0" height="400" src="http://www.youtube.com/embed/iZiiw1p2dN4?rel=0" width="700"></iframe>
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Contrary to popular belief, selling a home during cooler months of the year is not entirely a wasted effort. The truth is that many people continue to seek homes during these months and the number of sales does not decline that much as compared to spring and summer selling seasons.<br />
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To help illustrate this fact, I have pulled some statistics to show you just how successful other sellers have been in selling during the winter. It turns out that looking at the six-month period from September 1, 2011 through March 31, 2012 – the total number of homes that sold was 624. When you compare that to our current inventory of 679 available homes on the market you can see that the numbers are very close.<br />
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What this means is that if we were to keep all existing inventory on the market, based on last year’s trends, we would sell most of the inventory by the end of March. Now, of course that takes into account only a current snapshot of the market but the bigger picture is that winter is not an inopportune time to sell at all!<br />
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Keep in mind that taking your home off the market for some time can throw off the stabilizing mechanism that comes naturally in a marketplace where we are seeing declining inventory levels against increased demand. That is why I strongly encourage my sellers to consider leaving their home on the market during this time.<br />
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Here’s another statistic that will help you to see why the holiday season does not hold back buyers. Last year in December the total number of homes in Flagstaff that closed was 78 – more than two homes per day! Despite it being directly during the holiday season we still saw plenty of activity in our marketplace. The biggest secret to know is to keep your home on the market in the wintertime.<br />
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If you would like a customized look at your property, for help about pricing or anything else you may need – contact us today at 928.214.7100 or via email at <a href="mailto:Valerie@flagstaffhouses.com">Valerie@flagstaffhouses.com</a>. We look forward to hearing from you!<br />
Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-5945817821548017944.post-30620006337570658102012-09-25T12:59:00.004-07:002012-09-25T13:01:53.956-07:00Govt. Allowing For Higher Estate and Gifts Tax Exemptions<iframe allowfullscreen="allowfullscreen" frameborder="0" height="248" src="http://www.youtube.com/embed/V4vbHt03QjQ?rel=0" width="440"></iframe><br />
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<span style="font-family: Calibri, sans-serif;"><span style="font-size: 15px;">Estate Planning can be a harrowing experience. Involving lawyers, deciding how to distribute your assets and finally after putting your decision in writing, implementing it. But one aspect of this relatively easy process is better this year than it will be in 2013. </span></span><br />
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<span style="font-family: Calibri, sans-serif;"><span style="font-size: 15px;">Steve Thompson of Aspey, Watkins & Diesel, P.L.L.C., deals with many estate-planning cases and he helps us to understand why this year is particularly beneficial from a taxation standpoint. Through the end of 2012, the federal government is allowing higher tax exemptions for estates and cash or property gifts. What this means is that people that want to gift their assets this year or owners of property that have passed away will be able to transfer more this year than they will be able to at the turn of the year.</span></span><br />
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<span style="font-family: Calibri, sans-serif;"><span style="font-size: 15px;">Where the typical exemption amount is $1M, through the end of 2012 the amount of exemptions is a very significant $5.12M, proving the remaining time left this year to be a very useful opportunity for those choosing to avail this tax benefit.</span></span><br />
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<span style="font-family: Calibri, sans-serif;"><span style="font-size: 15px;">Though the process is not too lengthy nor complex, it does involve a few steps – that is why if one is planning to engage in any gift, cash or property transfer this year they should begin the process soon. Not to mention that though unlikely, there is always the chance that Congress could make additional changes to the tax exemption allowance prior to year’s end.</span></span><br />
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<span style="font-family: Calibri, sans-serif;"><span style="font-size: 15px;">To learn more about this, contact Steve or Valerie for a closer look.</span></span><br />
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<span style="font-family: Calibri, sans-serif;"><span style="font-size: 15px;">Steven can be reached either via email at <a href="mailto:sthompson@awdlaw.com">sthompson@awdlaw.com</a> or by telephone at 928.774.1478. For all your real estate related inquiries, please call or email Valerie at 928.214.7100 or <a href="mailto:Valerie@flagstaffhouses.com">Valerie@flagstaffhouses.com</a>.</span></span><br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5945817821548017944.post-70433669509218915802012-09-04T10:36:00.000-07:002012-09-04T10:36:25.779-07:007 Reasons You Should Be Buying or Selling in Today’s Real Estate Market<iframe allowfullscreen="allowfullscreen" frameborder="0" height="248" src="http://www.youtube.com/embed/axtQNl1qV5M?rel=0" width="440"></iframe><br />
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<div class="MsoNormal"><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">After what may seem the longest ever housing slump, we are finally seeing some great conditions after five, seven years that are leading to even greater results for countless Americans. There are many reasons for this increase in activity and today I wanted to share them with you. If you have been on the fence about buying or selling or if you know someone that has been contemplating entering the real estate market, consider the seven must-know factors below. In short, if you know someone that wants to buy or sell, <u>now is the time</u>.<o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b><span style="font-family: "Calibri","sans-serif"; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Low, Low Cost of Borrowing<o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Never before in the history of our real estate industry have interest rates been as low as they are today. There’s no sign at least for now of them going up and what these low rates translate to – especially when combined with other factors mentioned below, is an unprecedented opportunity for buyers and sellers. <o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b><span style="font-family: "Calibri","sans-serif"; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">There’s Plenty of Money for the Taking<o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">In the past several years, banks have been wary of lending and this was particularly during a time when the housing finance industry was dealing with several scandals and subsequent </span><a href="http://articles.businessinsider.com/2012-02-03/markets/31020106_1_transfers-mortgage-backed-securities-specific-mortgages"><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">settlements</span></a><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">. But now, banks are finally able and willing to lend again, allowing deserving homebuyers the chance to finance their homes.<o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b><span style="font-family: "Calibri","sans-serif"; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Low Home Prices Make Buying Better<o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">In a traditionally stronger renters’ market, we are finally looking at buying being more affordable. This works really well in the favor of sellers that have previously been unable to sell in the wake of our recession.<o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b><span style="font-family: "Calibri","sans-serif"; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Fewer Homes, More Demand<o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Inventory is systematically dwindling downward, causing a stronger demand for homes across our marketplace. Not only is this due to increased sales but also the number of REO and bank-owned properties is going down.<o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b><span style="font-family: "Calibri","sans-serif"; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Plenty of Buying Power Floating Around<o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">There are a large number of first-time homebuyers on the prowl at this time. With prices edging down, interest rates already at their record setting lows and inventory declining – buyers have a lot of buying power and they are out there to exercise it.<o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b><span style="font-family: "Calibri","sans-serif"; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Comparable Sales Are Working Favorably<o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">After many, many months of not-so-favorable </span><a href="http://homebuying.about.com/od/buyingahome/qt/What-Are-Comparable-Sales.htm"><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">comparable sales</span></a><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;"> and appraisals, we are finally seeing numbers that work in sellers’ favor. Homes are being appraised at higher values and other sales indicate higher sales prices – leading to a good result for sellers getting top dollar for their properties.<o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b><span style="font-family: "Calibri","sans-serif"; font-size: 14.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-bidi;">Economy Boost With Presidential Election<o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">Historically an election year has usually posed a good environment in terms of our national economy. Better economic times, no matter how temporary they may seem, always point to increased activity in the housing market. This works in the favor of buyers and sellers; buyers will see more quality homes on the market and will have the money to spend to purchase those homes while sellers will enjoy increased buyers vying for their property.<o:p></o:p></span></div>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-5945817821548017944.post-37038256747084085902012-08-20T09:38:00.001-07:002012-08-20T09:41:34.232-07:00Flagstaff Real Estate Market Update - August 2012<iframe allowfullscreen="allowfullscreen" frameborder="0" height="281" src="http://www.youtube.com/embed/8NEz80oI-gI" width="500"></iframe><br />
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<div class="MsoNormal"><span style="color: #1a1a1a; font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: Arial;">As a trusted real estate advisor, everywhere I go I am asked about the current state of our market – and it’s a question I love answering, particularly these days! Right now, we are enjoying a huge surge of sales, fantastic interest rates, low inventory and enough buyer interest out there to keep things interesting. Here are some details:</span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="color: #1a1a1a; font-family: "Calibri","sans-serif"; font-size: 14.0pt; mso-bidi-font-family: Arial; mso-bidi-font-size: 11.0pt;">Active Listings</span></b></div><div class="MsoNormal"><span style="color: #1a1a1a; font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: Arial;">Right now we are reporting a total of 574 active residential listings on the MLS with only 60 of them being distressed sales (either bank-owned properties, HUD homes, short sales, etc.).</span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="color: #1a1a1a; font-family: "Calibri","sans-serif"; font-size: 14.0pt; mso-bidi-font-family: Arial; mso-bidi-font-size: 11.0pt;">Listings Under Contract</span></b></div><div class="MsoNormal"><span style="color: #1a1a1a; font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: Arial;">Currently there are 177 homes under contract with just 52 of them being distressed sales. Representing about 30% of the entire homes under contract, distressed sales are slowly being flushed out of the system and we can expect a more normal, stable market soon. Time will tell how the election impacts our housing industry over the next couple months but usually it has been a positive influence.</span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="color: #1a1a1a; font-family: "Calibri","sans-serif"; font-size: 14.0pt; mso-bidi-font-family: Arial; mso-bidi-font-size: 11.0pt;">Sold Properties</span></b></div><div class="MsoNormal"><span style="color: #1a1a1a; font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: Arial;">In the first six months of 2012 we saw 424 home sales go through with an average sale price of about $260,000. The big news however, is in the sales numbers in the couple months <i style="mso-bidi-font-style: normal;">since</i> then. From the first of June this year until now, we have reported a total of 261 sales – a HUGE surge is sales that almost blows away the first six months’ numbers. The average sales price did go down a bit to $239,000 but this is a good sign because lower priced properties are moving as well, which is good for our marketplace overall.</span></div><div class="MsoNormal"><span style="color: #1a1a1a; font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: Arial;">~</span><br />
<span style="color: #1a1a1a; font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: Arial;">In summary, regardless of what the media might have you believe the truth is that our market is doing quite well. We are enjoying a strong number of sales, our inventory continues to dwindle down making demand rise and sales more competitive. Interest rates also remain historically low, which are driving buyers out there to lock in the amazing rates available right now. All this makes it a great time to buy and a great time to sell too </span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="color: #1a1a1a; font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: Arial;">For more information on our market, more details or how your particular neighborhood is doing in our marketplace – contact me directly at 928 214 7100 or via email at </span><a href="mailto:valerie@flagstaffhouses.com"><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: Arial;">valerie@flagstaffhouses.com</span></a><span style="color: #1a1a1a; font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: Arial;">. </span></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5945817821548017944.post-85375464183004773092012-07-31T07:30:00.002-07:002012-07-31T07:32:28.375-07:00Local Property Management Company Goes Extra Mile<iframe allowfullscreen="" frameborder="0" height="248" src="http://www.youtube.com/embed/1XFg6jC9h-g?rel=0" width="440"></iframe><br />
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<div class="MsoNormal"><span style="font-family: "Calibri","sans-serif"; font-size: 11pt;">Here in Flagstaff we get a lot of property owners that choose to come here primarily for vacations and special occasions. During the rest of the year, their property either sits waiting or is rented out to others. But for owners that live quite a distance away it can be a daunting task to care for a second property like this. </span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><a href="http://www.pristineflagstaff.com/"><span style="font-family: "Calibri","sans-serif"; font-size: 11pt;">Pristine Property Services</span></a><span style="font-family: "Calibri","sans-serif"; font-size: 11pt;"> is a company founded and run by local Flagstaff residents that know the area. They have a background in the construction business so they are very familiar with the housing industry. But there is something about this company that makes it different from the rest.</span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri","sans-serif"; font-size: 14pt;">Full Service Menu Offered to Clients</span></b></div><div class="MsoNormal"><span style="font-family: "Calibri","sans-serif"; font-size: 11pt;">The services provided by the company are not limited to just the average list of things you might expect to see in a typical rental unit managed by a property management firm. Pristine Property Services provides a unique blend of facilities that go well above and beyond just taking care of maintenance issues. In addition to the standard property management items of assisting with finding a renter during off-seasons and handling routine (and emergency) maintenance, the list of provided services expands into day-to-day household tasks. </span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: "Calibri","sans-serif"; font-size: 11pt;">As you can see in the video, Katherine Spillman and her husband Dave take care of <i style="mso-bidi-font-style: normal;">everything</i>. Their website lists in great detail the extent of what everything is but you’ll be surprised at just how much they will take care of. Their tagline says “Let Us Take Care of the Details” and this could not be truer. Anything from checking on the property while the owners are absent, taking care of plants, making sure that linens are changed, kitchens are stocked – they truly do take care of almost anything. </span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Calibri","sans-serif"; font-size: 14pt;">Property Management Firm With a Twist</span></b></div><div class="MsoNormal"><span style="font-family: "Calibri","sans-serif"; font-size: 11pt;">Outdoor care whether it means snow removal, landscaping, gutter cleaning or lawn care – are all passed on to the company by many clients, leaving them the peace of mind to focus on more important things. Given the fact that many owners of second homes in Flagstaff come here only seasonally, the task of making sure pipes do not freeze and the home continues to appear occupied, also falls within the realm of Pristine Property Service’s care. </span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: "Calibri","sans-serif"; font-size: 11pt;">One of the things that sets this company apart from others is the unique list of concierge services they provide. Not only can they drop off and pick up clients from airport or other transportation hubs, but they will also arrange cars if necessary. Their goal is that their clients can show up and immediately enjoy their vacation. No need to fuss with things like cleaning up the home or cleaning up after tenants that have just vacated the place. They’ll even run errands for their clients!</span></div><div class="MsoNormal"><span style="font-family: "Calibri","sans-serif"; font-size: 11pt;">~</span></div><div class="MsoNormal"><span style="font-family: "Calibri","sans-serif"; font-size: 11pt;">Handling a second home for anyone that needs their property cared for is Pristine Property Service’s specialty. To find out more, you can visit their website or contact them via email at </span><a href="mailto:info@pristineflagstaff.com"><span style="font-family: "Calibri","sans-serif"; font-size: 11pt;">info@pristineflagstaff.com</span></a><span style="font-family: "Calibri","sans-serif"; font-size: 11pt;"> or call 928 699 6772. </span></div>Unknownnoreply@blogger.com8tag:blogger.com,1999:blog-5945817821548017944.post-21177244093147527612012-07-19T13:23:00.001-07:002012-07-23T08:47:42.845-07:00SAVE THE DATE! Flagstaff Community Luncheon to Support the Boys & Girls Club Alongside Team Emily to Give Back to Our Children<iframe allowfullscreen="" frameborder="0" height="248" src="http://www.youtube.com/embed/Ywi1BCcdh9s?rel=0" width="440"></iframe><br />
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Stop whatever plans you’re making for September and listen to this! Our very own community is putting together a fantastic event to benefit the new <a href="http://bgcflag.org/">Boys & Girls Club of Flagstaff</a> as they prepare to open their doors on July 23, 2012.<br />
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Working together with <a href="http://www.team-emily.com/">Team Emily and the Emily Marie Benson Memorial Scholarship</a>, I’m excited to share with you an amazing upcoming event that will be fun, feel-good and plenty filling! There will be a luncheon hosted at the Outback Steakhouse here in Flagstaff, with lots of great prizes and not one – but TWO auctions! A live auction and a silent auction will help contribute to this amazing cause to give our kids lots to do. Check out their website (linked above) to see what plans they have in store.<br />
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September 8, 2012 – a very awesome date, with a lot of fantastic people, doing a fabulous job to help give our kids more of what they need. There’s nothing like serving our community and this event is a great way to do it!<br />
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Tickets are just $25 and you can pick them up by either contacting anyone on my team (call us at 928.214.7100) or through the Boys & Girls Club of Flagstaff at 928.420.3535. If this organization touches your heart and you want to donate – we LOVE it and welcome any monetary gifts you’d like to give to help this terrific club!<br />
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I can’t wait to see you there and when you see me walking around with a huge smile on my face – stop and say hello. I look forward to seeing you.<br />
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</div>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-5945817821548017944.post-30395714463492345192012-07-02T10:53:00.000-07:002012-07-02T10:53:41.021-07:00New Mortgage Partnership With Chase Offers Clients Some Great Perks<iframe allowfullscreen="" frameborder="0" height="248" src="http://www.youtube.com/embed/EzNHAUp1GRo?rel=0" width="440"></iframe><br />
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We already know that this is a fantastic time to buy or refinance your property! In fact, it is not too bad a time to sell either. So if you are among the many smart people that have made the decision to jump off the fence and invest in a new home or refinance your existing one, there is great news!<br />
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So many homeowners and prospective buyers are stumped when it comes to financing. In fact, there is little to no advice out there in the mainstream for consumers to look into when deciding which financier to approach. Short of hiring an attorney or getting some light advice from their real estate agents, consumers are on their own to decide <a href="http://www.zillow.com/mortgage/help/Choosing-A-Mortgage-Lender.htm">which lenders make the best sense</a> for their purchase or refi.<br />
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But we have recently joined forces with a bank that is familiar, stable and solid and in our area employs none other than our very own local Flagstaff community members. How does this impact you as a borrower? You can go in confidently that you will be meeting face to face with a local person rather than working through telephones, faxes and emails to secure your mortgage. So to help guide you with your choices of lenders, here are two programs offered by Chase that are totally customer driven and completely beneficial to a new homeowner or one seeking to refinance.<br />
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<b><span style="font-size: large;">$1,500 in Closing Costs Subsidy Available</span></b><br />
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This little known program offered to Chase customers covers almost all homes. Though not all borrowers may qualify, most homes do so it is worth the time to inquire with our local branch to see if your loan qualifies to receive closing cost subsidy.<br />
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<b><span style="font-size: large;">1% Cash Bank Each Year on Principal and Interest</span></b><br />
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Chase customers have an exclusive benefit that allows qualified banking customers to receive 1% of their principal and interest back each 12-month period. This can either come in the form of cash or as a principal reduction. The only qualifying factors are that you must be a chase customer (don’t worry, you can set up a new account prior to your home purchase) and set up automatic payments from your account each month.<br />
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If you are unsure who to obtain your mortgage from, contact me at 928 214 7100 or call TJ at our local Chase Bank branch 928 779 7351 so you can find out exactly how they can help you with the best possible deal on the purchase of your home! And remember, it’s not often that we hear “free money” these days, but when we do – I say, GRAB it!Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5945817821548017944.post-86668959586936115422012-06-19T10:58:00.000-07:002012-06-19T10:58:12.167-07:00Major Shift in Local Flagstaff Real Estate Market<iframe allowfullscreen="" frameborder="0" height="248" src="http://www.youtube.com/embed/cDrRBbr6zXE?rel=0" width="440"></iframe><br />
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For the first time in eight years, we are seeing a tremendous shift in selling trends across the board. Our existing inventory of homes on the market available for sale is now forty percent lower! What does this mean to you as a player in the game of real estate? It means that now, as a seller, you finally have some leverage. A lot of leverage, in fact. Here are some of the things we are seeing as a result of this huge change toward the sellers’ favor:<br />
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<b><span style="font-size: large;">Low Competition</span></b><br />
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Fewer homes on the market translate to fewer competitors to contend with. Wouldn’t you like to be the only house on the street that is for sale? Often times a buyer will home in on a certain area and then seek to find the property of their liking within that vicinity. If your house is available for sale then imagine the type of interest you will receive if yours is among the very few listed in that neighborhood?<br />
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<b><span style="font-size: large;">Multiple Offers</span></b><br />
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When you do factor in that many buyers are out there still trying to take advantage of the phenomenally low interest rates, sellers are clearly in a win-win situation. Buyers have no idea how long these interest rates will remain so low, so naturally they are scrambling to get theirs now. Sellers are being met with multiple offers now, with the leverage to be able to be choosy with the offers that come in.<br />
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<span style="font-size: large;"><b>Bidding Wars</b></span><br />
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Along with multiple offers comes another aspect of selling in a sellers’ market – bidding wars. Some buyers are so dead set on the home they want that they make an offer the seller can’t refuse. Usually all the buyers that are interested tend to make various offers within the fair market value range to start but then move up slowly in competition with one another.<br />
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<b><span style="font-size: large;">Near or At 100% of Asking Price</span></b><br />
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The bidding wars almost always end up in the seller receiving top dollar. Whether this means achieving a number very close to the asking price or even above, the bottom line is that when there are more buyers vying for you property, you (the seller) have the edge.<br />
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<b><span style="font-size: large;">Many Trading Up</span></b><br />
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A lot of sellers have more than just selling in mind; they are planning to buy in these phenomenal market conditions. Keeping in mind that it is currently a “dollar for dollar” market, what you receive in the sale of your home will also be translated into what you afford to get in a new home. That means that this is the perfect time to trade up while locking in very low interest rates in the process. The low cost of borrowing right now is ample incentive for many sellers to trade up nowadays.<br />
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So here is the question I ask you: Would you like to drop your house into a growing pool of buyers or would you rather sit the market out and wait for it to change again?<br />
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Contact me today so we can get started on getting you a fantastic deal on your home!Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5945817821548017944.post-89511299887450616192012-05-24T12:51:00.007-07:002014-10-14T09:55:24.670-07:0010 Questions Every Homeowner Should Ask an Agent<iframe allowfullscreen="" frameborder="0" height="247" src="http://www.youtube.com/embed/f8KSis8--m4?rel=0" width="440"></iframe><br />
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;"><a href="http://youtu.be/f8KSis8--m4">Watch On Your Mobile Device >> </a></span><br />
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<span style="font-size: small;">As you embark upon what will be one of the most important transactions of your life – whether buying or selling a home – you should be absolutely certain that you are happy with the real estate agent you have hired to help you manage it. </span></div>
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<span style="font-size: small;">To help you with this all-important hiring process, here are ten important questions to ask an agent before you decide on whether or not to hire them:</span></div>
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<span style="font-size: small;">Question #1</span></div>
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<span style="font-size: small;"><b>How Close Do You Get in Sale Price Related to Asking Price?</b></span></div>
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<span style="font-size: small;">It is important to ask for this information as it relates to the past 60 days. Given that many agents are not that active in the market, you would be best served to obtain the most recent information possible. As a seller, your agent’s ability to come close to the asking price is a strong attribute and can mean a difference of thousands of dollars in your transaction.</span></div>
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<span style="font-size: small;">Question #2</span></div>
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<span style="font-size: small;"><b>How Many Days on Average Does It Take You To Sell a Home?</b></span></div>
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<span style="font-size: small;"></span><span style="font-size: small;">What’s the average number of <span style="color: blue;"><a href="http://homebuying.about.com/od/glossaryd/g/Daysonmarket.htm">days on the market</a> </span>for properties listed by your prospective agent? Since this statistic can reach as high as six to nine months and in some cases and as much as a year, it is important to ask how your prospective agent ranks on the scale. </span></div>
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<span style="font-size: small;">Question #3</span></div>
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<span style="font-size: small;"><b>What is the Rate of Homes Sold on a Monthly Basis?</b></span></div>
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<span style="font-size: small;">Knowing the <span style="color: blue;"><a href="http://www.realtor.com/blogs/2011/11/30/how-do-you-calculate-absorption-rate/">absorption rate</a> </span>of homes similar to yours that are on the market allows valuable insight as to how the market is performing for your particular needs. Not only does it give sellers a glimpse into the system and how it would translate to their own sale but it also presents a broader view of the entire market in general.</span></div>
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<span style="font-size: small;">Question #4</span></div>
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<span style="font-size: small;"><b>What Do You Do Differently To Get Homes Sold?</b></span></div>
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<span style="font-size: small;">Especially with the current trying economic times, many agents have been faced with adversities trying to sell the homes on their list. One of the best ways to learn whether your agent is a self-starter is to find out what they have done in the past when they were unable to successfully sell homes. Ask why the agent feels the home(s) did not sell and then find out what they are doing differently to get them sold.</span></div>
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<span style="font-size: small;">Question #5</span></div>
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<span style="font-size: small;"><b>What Percentage of Deals Do You Represent the Buyer Versus Seller? </b></span></div>
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<span style="font-size: small;">Some agents work primarily with sellers while others work mostly with buyers and still others are experienced with dual-agency deals. Depending on your needs, you will benefit from an agent that specializes in one of the two. It is important to ask which side of the fence your prospective agent tends to represent. </span></div>
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<span style="font-size: small;">Questions #6</span></div>
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<span style="font-size: small;"><b>How Many Homes Did You Sell Last Year?</b></span></div>
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<span style="font-size: small;">Nothing speaks louder than numbers. A very important statistic, ask what the total number of homes sold last year was and if possible try to get a more long-term picture of the agent’s performance in this regard. You can also ask for a month-to-month breakdown to see if there are certain stronger months.</span></div>
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<span style="font-size: small;">Questions #7</span></div>
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<span style="font-size: small;"><b>Can You Provide a List of the Ten Most Current Clients You Have Worked With?</b></span></div>
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<span style="font-size: small;">Rather than rely on the given list of referrals that many agents have handpicked, it’s a good idea to obtain a list of clients that are currently working with this Realtor. It will provide a much-needed glimpse into the agent’s performance on various stages of real estate transactions.</span></div>
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<span style="font-size: small;">Question #8</span></div>
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<span style="font-size: small;"><b>How Much of Your Work Day Do You Dedicate to the Real Estate Industry?</b></span></div>
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<span style="font-size: small;">You want an agent that is 100% committed to their job and if they are focusing more on a day job with real estate being a secondary thing, you run the risk of inaccessibility, lack of knowledge and experience plus lackluster motivation. Find out how they feel about the real estate industry and whether they are passionate about their work.</span></div>
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<span style="font-size: small;">Question #9</span></div>
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<span style="font-size: small;"><b>What is Your Style of Marketing – Proactive or Reactive?</b></span></div>
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<span style="font-size: small;">What is your potential agent’s style of working? Does he or she speak to a large number of people each day? Are they proactive or reactive in nature when it comes to<span style="color: blue;"> <a href="http://smallbusiness.chron.com/proactive-vs-reactive-marketing-1491.html">marketing</a></span>? See how this lines up with your real estate needs. Are you in a hurry to buy or sell? Does a laid back agent hinder your efforts? Or does slow and steady work better for you?</span></div>
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<span style="font-size: small;">Question #10</span></div>
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<span style="font-size: small;"><b>What Does Your Daily Schedule Look Like?</b></span></div>
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<span style="font-size: small;">The typical schedule of a real estate professional can be very telling. By asking for a copy or general idea of how they conduct their day in terms of their work, you can get a good idea of how much time is devoted to the profession and what kind of business they are running.</span></div>
Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-5945817821548017944.post-48810532154528586382012-05-14T09:06:00.000-07:002012-05-14T09:06:18.906-07:00Flagstaff’s Spring 2012 Market Report<iframe allowfullscreen="" frameborder="0" height="253" src="http://www.youtube.com/embed/CLYJvHarvMk?rel=0" width="440"></iframe><br />
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Without a doubt there have been a lot of questions regarding the real estate market – especially when people are faced with many media reports that contradict what they are hearing in their own areas. One of the most frequent questions I have received lately is about the perfect time to sell a home in our marketplace. Usually the spring is a good time to sell but this year I have even better news to report. Here are two factors that may change your outlook on when you choose to sell your home:<br />
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<b><span style="font-size: large;">Homes Under Contract or Sold Significantly Up This Year</span></b><br />
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This year so far we have had 553 homes that either sold or went under contract. Looking at the same time last year, the figure was 267 – more than twice less than we are reporting today and an unprecedented jump in sales! This significant jump in sales can only mean one thing: consumers are out there buying despite what the media might have you believe. The statistics reported are for a time period between January and May. In fact, even though we had a lot of snow during some of these months, the cold did not bother them and buyers were still out there buying.<br />
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<b><span style="font-size: large;">Interest Rates Still at Record Lows</span></b><br />
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With timing as perfect as it has been, so many buyers are out there aiming to seize the opportunity of record-setting low interest rates. It has never cost less to borrow money for a mortgage and buyers can sense that it will not last forever.<br />
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Last year there were a total number of 100 transactions through year-end but this year already we have reached 64 without even coming to the halfway point of the year. With sales numbers continuing to rise – and appearing that they will surpass the previous years’ numbers – now is a great time to list your home on the market. The increased sales also result in decreased inventory. Fewer homes on the market will amount to price stabilization and ultimately a balanced market – something that we all can look forward to.<br />
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If you have been thinking about selling your home soon or even if it seems like listing your home next year might be in the cards – I invite you to contact me today so we can discuss the benefits of listing sooner. As always, I wish you the best in all of your real estate endeavors.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5945817821548017944.post-17177985841286517902012-04-26T11:27:00.000-07:002014-10-14T09:55:40.399-07:00Could a VA Loan be Right for You?<iframe allowfullscreen="" frameborder="0" height="253" src="http://www.youtube.com/embed/AfF1s2jDi9o?rel=0" width="440"></iframe><br />
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<span class="Apple-style-span" style="background-color: white; border-collapse: separate; font-size: x-small;"><span class="Apple-style-span" style="font-family: Verdana, Arial, Helvetica; font-size: 13px;">We’ve got a special place in our hearts for our military servicemen and women. That’s why we understand the needs of our military clients and their families. It’s the reason we take such pride in providing the best service available for those we hold so close to our hearts.<br />
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In keeping with our commitment to our veterans, we wanted to share some critical information regarding VA housing loans so many of our clients are eager to use. Here are a few of the questions we hear, and we hope the answers will help you decide if a VA loan is right for you.<br />
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<span style="font-size: medium;"><b>Who is eligible for a VA loan?</b></span><br />
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According to <a href="http://www.valoans.com/" style="color: #203250;">http://www.valoans.com/</a> you may qualify for a VA loan if:<br />
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- You enlisted and began service before Sept. 7, 1980, or served as an officer before Oct. 16, 1981<br />
and<br />
- You’ve served at least 90 days of active duty during wartime; and/or<br />
- You’ve served at least 181 days of active duty during peacetime<br />
- You were not dishonorably discharged<br />
- After Sept. 7, 1980, you served a minimum of two years of active duty and were not dishonorably discharged</span></span><br />
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<span class="Apple-style-span" style="border-collapse: separate; color: black; font-family: 'Times New Roman'; font-size: x-small; line-height: normal;"><span class="Apple-style-span" style="font-family: Verdana, Arial, Helvetica; font-size: 13px;">- After Oct. 16, 1980 you served as an officer for a minimum of two years of active duty and were not dishonorably discharged</span></span></div>
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<span class="Apple-style-span" style="border-collapse: separate; color: black; font-family: 'Times New Roman'; font-size: x-small; line-height: normal;"><span class="Apple-style-span" style="font-family: Verdana, Arial, Helvetica; font-size: 13px;">- You’ve served six years with the National Guard or as a reservist, were not dishonorably discharged and meet other specific criteria</span></span></div>
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<span class="Apple-style-span" style="border-collapse: separate; color: black; font-family: 'Times New Roman'; font-size: x-small; line-height: normal;"><span class="Apple-style-span" style="font-family: Verdana, Arial, Helvetica; font-size: 13px;">- You are the surviving spouse of a veteran and you meet specific criteria</span></span></div>
<span class="Apple-style-span" style="background-color: white; border-collapse: separate; font-size: x-small;"><span class="Apple-style-span" style="font-family: Verdana, Arial, Helvetica; font-size: 13px;"><br />
<span style="font-size: medium;"><b>What are the advantages of a VA loan?</b></span><br />
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VA loans are the best mortgage loans on the market for these reasons:<br />
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- They are the only true 100% mortgage loan that does not require any down payment.<br />
- They are free of most of the junk fees that affect other loans.<br />
- They do not require <a href="http://www.themoneyalert.com/mortgageinsurance.html" style="color: #203250;">private mortgage insurance</a> (PMI).<br />
- The home’s seller is required to cover a portion of closing costs, including paying for a termite inspection.<br />
- <i><b>A VA loan is assumable </b></i>which allows another eligible veteran to take over the loan at whatever rate you locked in, even if current market rates are much higher, which is a huge selling point.<br />
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<span style="font-size: medium;"><b>How do I apply for a VA loan?</b></span><br />
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While many traditional lenders can do VA loans, <i><b>we’d encourage you to call us first so we can match you with one of several of our preferred lenders who excel in processing VA loans</b></i>. In addition, here are a few other tips.<br />
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- Be sure to secure your Certificate of Eligibility (COE) for Home Loan Benefits as soon as you think you may be ready to purchase a home. Click <a href="http://www.homeloans.va.gov/pdf/veteran_registration_coe.pdf" style="color: #203250;">here</a> to download an easy-to-follow guide for how to apply for your COE.<br />
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- Examine your <a href="http://www.valoans.com/va_article.cfm?id=135" style="color: #203250;">credit report</a> to be sure all of the information is accurate. Experts recommend that you do this up to a year before you plan to buy a home so that you have time to clear up any mistakes or take action to reconcile any negative information that may appear. Even if you don’t have that long, you should still carefully review your credit report so you can see what the bank will see.<br />
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<span class="Apple-style-span" style="background-color: white; border-collapse: separate; font-size: x-small;"><span class="Apple-style-span" style="font-family: Verdana, Arial, Helvetica; font-size: 13px;">- Once you have your COE and you’re comfortable with your credit report, you’re ready to talk with the lender to begin the process, and we’d be happy to help you with everything.</span></span></div>
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<span class="Apple-style-span" style="background-color: white; border-collapse: separate; font-size: x-small;"><span class="Apple-style-span" style="font-family: Verdana, Arial, Helvetica; font-size: 13px;"><br /></span></span></div>
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<span class="Apple-style-span" style="background-color: white; border-collapse: separate; font-size: x-small;"><span class="Apple-style-span" style="font-family: Verdana, Arial, Helvetica; font-size: 13px;"><span style="font-size: medium;"><b>How does a VA loan work?</b></span></span></span></div>
<span class="Apple-style-span" style="background-color: white; border-collapse: separate; font-size: x-small;"><span class="Apple-style-span" style="font-family: Verdana, Arial, Helvetica; font-size: 13px;"><br />
While a VA home loan works much like other types of loans, there are a few things you need to know.<br />
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<b>1. </b>You will be assessed a <i><b>one-time funding fee </b></i>that could range from 1.15% - 3% of the loan amount, depending on whether you’re a first-time home buyer or not. Often this fee can be incorporated into the final loan amount.<br />
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<b>2. </b>Even though in most cases a VA loan does not require a down payment, if you do put down at least 5%, the government will reduce the one-time funding fee amount.<br />
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<b>3.</b> The money that funds your loan comes from the private lender, not from the VA. The role of the VA is to issue a loan guaranty, which promises to pay the lender a certain percentage of your loan if the bank has to foreclose on your home.<br />
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The good news is that applying for a VA loan is relatively simple and straightforward, especially once you’ve secured your Certificate of Eligibility, and we’re here to help however we can. </div>
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<i>Thanks to all of those servicemen and women for their bravery and their dedication to duty, and our gratitude to their families for their strength and support. Please let us know if there is ever anything we can do to be of service to you!</i></span></span>Unknownnoreply@blogger.com5tag:blogger.com,1999:blog-5945817821548017944.post-71471133175756354032012-04-12T08:16:00.001-07:002014-10-14T09:55:51.627-07:00Protesting the Amount of Taxes on Your Property<iframe allowfullscreen="" frameborder="0" height="274" src="http://www.youtube.com/embed/-gemTGq83Vs?rel=0" width="480"></iframe><br />
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;">This is the time of year when homeowners across America are receiving notices from their County Tax Assessor’s office informing them of their home’s value on which they will be taxed. Sounds simple enough – until and unless you find that the value they are using seems too high. Of course, higher assessed value translates to more out of pocket property taxes so the last thing you want to be doing is paying more when you do not need to.</span></div>
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<b><span style="font-family: Calibri, sans-serif; font-size: 14pt;">How To Determine Whether You Are Overpaying Property Taxes</span></b></div>
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;">There are two ways to find out whether your property taxes are higher than they should be. First, you can go the traditional route, which is to investigate sale prices of homes in the area that are similar to yours. The sales you are looking for should be completed in the 2011 calendar year (since property values are assessed based on the previous year’s sales).</span></div>
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;">You can also contact your Realtor to get an idea of whether you should pursue a property tax appeal. For a quick view and an instant reply you can visit </span><a href="http://onlinetaxappeal.com/" style="color: #4d469c; text-decoration: none;"><span style="font-family: Calibri, sans-serif; font-size: 11pt;">this website</span></a><span style="font-family: Calibri, sans-serif; font-size: 11pt;">, input your address and the site will come back instantly with a reply. If there are unusual circumstances to the property (for instance if it was sold recently) then you may be asked for your email address to get a reply later.</span></div>
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<b><span style="font-family: Calibri, sans-serif; font-size: 14pt;">The Tax Appeal Process</span></b></div>
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;">Depending on which county you reside in, the process will vary slightly but for the most part it is a matter of presenting supporting documentation to a board of review, demonstrating your values have gone down. With the supporting data you can then request that your taxable value be reassessed prior to the next property tax payment due date.</span></div>
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;">Some counties provide only one window of opportunity for homeowners to appeal their property tax values while others offer two times during the year. To confirm the policy in your area visit your county treasurer’s office or website for more information. Similarly, the process of appealing your taxes will also vary from county to county. There are companies and also attorneys that can assist you through the process but an important part of the process is to gather data supporting your claim for lower tax values.</span></div>
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<b><span style="font-family: Calibri, sans-serif; font-size: 14pt;">Comparing Area Values</span></b></div>
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;">While you can investigate the sale prices of recently sold properties in your area a challenge might arise when it comes to finding near identical properties to yours or at least very similar ones. In terms of amenities, square footage, style and structure – homes used to compare values must be like kind in order to be usable data. The best way to manage this aspect of your tax appeal process is to engage your Realtor and utilize their resources in finding good </span><a href="http://www.zillow.com/wikipages/All-About-Comps/" style="color: #4d469c; text-decoration: none;"><span style="font-family: Calibri, sans-serif; font-size: 11pt;">comparables</span></a><span style="font-family: Calibri, sans-serif; font-size: 11pt;">. No one knows the area and its homes better than your Realtor. They will compile a list of several properties that have sold for less than your home’s current assessed value and through that documentation be able to prove the need to reduce your taxes.</span></div>
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<b><span style="font-family: Calibri, sans-serif; font-size: 14pt;">Other Ways to Save on Property Taxes</span></b></div>
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;">Aside from lowering your tax dues on the home you may also be eligible for certain exemptions depending on your situation. Contact your local county tax assessor’s office to learn of the exemptions offered in your state. Some examples include exemptions for military personnel and veterans, owners of farm property or daycare facilities and non-profit student housing. </span></div>
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<span style="font-family: Calibri, sans-serif; font-size: 11pt;">To find out if savings amounting to hundreds of dollars seems possible for you, find out now and beat the deadline!</span></div>
Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-5945817821548017944.post-77953832886812941052012-03-19T10:30:00.000-07:002014-10-14T09:56:03.306-07:00How Home Sellers Can Earn Tens of Thousands By Making One Simple Change<iframe allowfullscreen="" frameborder="0" height="284" src="http://www.youtube.com/embed/11gSqlk5ALM?rel=0" width="500"></iframe><br />
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With the real estate market being in the headlines in recent years, many home sellers might feel a bit jaded about their ability to get their homes sold. You might even think that you are destined to lose money if you pay attention to all of the media reports. However, this might not be the case for all sellers. In fact, there's one set of sellers that can come out on top by making tens of thousands of dollars more than originally intended.<br />
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Who are these sellers? These are the sellers that are able to do owner financing. If you own your home free and clear, you can stand to make a lot of money in this current real estate market.<br />
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Believe it or not, there are many buyers who are highly qualified but unable to get traditional financing for one reason or another. For instance, self-employed people are having a lot harder time getting financing these days simply because mortgage guidelines have tightened up to the point where they have a hard time qualifying for traditional financing.<br />
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These people often have great businesses or jobs as well as a great income. However, regular banking institutions and mortgage companies are pushing them away because they don't meet the stringent guidelines set forth these days.<br />
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Let's look at an example of what a home seller could end up making. In our example, let's assume the house is worth $200,000. However, home sellers often get a premium when they offer owner financing because it's so hard to find. In fact, you could eventually get 10% over the value of the house. So, in our case, the sales price will be $225,000.<br />
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In our scenario, let's assume that you're also going to do a five-year balloon. You can also add a little higher interest rate than mortgage companies and banking institutions are offering right now. So, in our example we will use a 5% interest rate with a five-year balloon. <br />
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When all is said and done, our home seller will earn an additional $75,000-$80,000 by having owner financing in place!<br />
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Of course, it is always my recommendation that you speak with your CPA or attorney before entering into an owner financing situation. Please make sure to call on me with any real estate questions that you have. I can explain how the deal would be structured and see whether or not it would make sense for your situation.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5945817821548017944.post-50577606335276925562012-02-27T14:22:00.000-08:002012-02-27T14:22:47.112-08:00How To Reduce the Number of Bad Experiences From Home Contractors, Vendors and Suppliers<iframe allowfullscreen="" frameborder="0" height="253" src="http://www.youtube.com/embed/6nUrujD7Q3w?rel=0" width="440"></iframe><br />
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The best way to avoid bad experiences when getting anything done is to use the services of someone with a known track record. The whole idea of getting references goes far beyond just major things, in fact if you are a homeowner you should think carefully before using the services of anyone for any job in or around your home. <br />
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Whether getting carpets cleaned, a bathroom remodeled, staging a home before setting it up for sale or even having a simple electrical job done, nothing gives a homeowner more peace of mind than knowing that the person or company doing the work is trusted and reputable. <br />
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<b><span style="font-size: large;">Your Real Estate Agent Has a Great List of Preferred Vendors</span></b><br />
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So often people neglect to realize just how often Realtors come into contact with a host of vendors that they would use for projects in their homes. While the obvious vendors are General Contractors, Home Inspectors, Appraisers and Home Stagers – your agent will likely also have a list of many more vendors as well. For example, if you need to have your furnace tuned up or install a deck or even set up and manage landscaping for your home’s exterior. The possibilities are endless and if you can think of it, chances are your agent has worked with a company or contractor at one point in all their dealings with home-related issues and transactions. <br />
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<b><span style="font-size: large;">Support Your Local Businesses!</span></b><br />
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With our economy as it has been lately, nothing is better for a community than to pump back more dollars into the stream. Of course one of the best ways to do that is to support your local vendors. While your agent will have access to many national contacts as well, most of the vendors and suppliers on their list will be those of local businesses. Getting the best of both worlds, you can utilize the services of a person or company that already has a proven performance record with someone you know and trust and at the same time support your community in the process.<br />
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<b><span style="font-size: large;">Resources for Some Common Vendor and Supplier Categories</span></b><br />
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To help you with your search when looking for someone to take care of the next project in your home, we’ve assembled a list of some reputable websites and/or organizations that have both a national and local presence. <br />
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Appraisers – <a href="http://appraiserusa.com/">A national directory of home appraisers by state</a><br />
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Home Inspectors – <a href="http://www.ashi.org/">The American Society of Home Inspectors (ASHI)</a><br />
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Home Cleaning Resources – <a href="http://www.cleaningservicesfinder.com/">Directory of home and carpet cleaners</a><br />
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Stagers – <a href="http://www.iahsp.com/">The International Association of Home Staging Professionals</a><br />
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General Contractors – <a href="http://www.agc.org/">The Associated General Contractors of America</a><br />
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Plumbers – <a href="http://www.findaplumber.com/">National database of plumbers, by state</a><br />
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Electricians – <a href="http://www.elocalelectricians.com/">National database of electricians, by state</a><br />
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Landscapers – <a href="http://www.landscapers.org/">Landscape directory</a><br />
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Heating and Cooling Professionals – <a href="http://www.phccweb.org/index.cfm?ewebToken&Site=PHCC">Plumbing-Heating-Cooling Contractors Association</a><br />
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Architects – <a href="http://architectfinder.aia.org/">The American Institute of Architect’s Architect Finder</a><br />
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Kitchen and Bath Designers – <a href="http://www.nkba.org/Design/Homeowners/ProSearch.aspx">National Kitchen and Bath Association search tool</a><br />
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No matter whom you end up selecting, be sure to check with your agent to see whether they have had experience working with the person or company. And if the services you seek are beyond the scope of this list there is a good possibility that there are local vendors on your agent’s Preferred Vendor’s List that will work perfectly for you!Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5945817821548017944.post-31446122349126448032012-02-13T10:31:00.000-08:002014-10-14T09:56:17.933-07:00How Property Management Companies Make Rental Property Ownership Manageable<iframe allowfullscreen="" frameborder="0" height="253" src="http://www.youtube.com/embed/zr3M45FWGLs?rel=0" width="440"></iframe><br />
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With interest rates as low as they are these days, many investors are getting in on the action and buying properties to rent out. In fact, what used to be a market where renters were paying less rent than homeowners were paying in mortgages has now flipped around. Property owners that are paying a mortgage can demand rent that is at least a few hundred dollars higher, if not more, yielding a sizable “instant” return on investment.<br />
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We talked to a property manager to find out where the rental market stands today and why it makes sense to hire a management company as opposed to tackling it all on your own.<br />
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<b><span style="font-size: large;">What’s Happening in the Rental Market Right Now?</span></b><br />
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The most notable difference in the rental market recently as opposed to just a few years ago is that we are finally witnessing an improvement in tenants’ ability to support rental living. With the economy slowly gaining momentum again, rent values are heading slightly up or at least remaining constant. Some markets that were exhibiting declines in rent values are now seeing rates that rival those from 2008, a much stronger rental period across the board. Keeping with the positive trend, areas that showed stable rental statistics between 2008 and present will likely experience a bit of an increase or at least remain flat.<br />
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<b><span style="font-size: large;">Why Would Some Use a Property Management Company?</span></b><br />
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At a time when the economy seemingly has a long way to go before a complete recovery, many potential or existing owners of rental properties may be reluctant to spend on having their property managed. However, there are several reasons that it makes sense to hire a management company to handle all aspects of the rental business.<br />
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First, the process of screening tenants, handling all background checks, leasing units to those with approved applications and assisting with the move-in process is managed by the company. Promotion of the location, attracting viable tenants that fit the desired demographic profile plus communication and operations – are all things that fall within the parameters of a property management company. <br />
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Also, document maintenance and preparation that comes in handy when it comes times for accounting and taxes is also managed. Depending on the number of units in the property, the amount of paperwork can be staggering. With someone handling all of these details, it allows the property owner to focus on other things.<br />
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By hiring a company to handle all on-the-ground aspects of running the property, the investor is then given a lot of freedom to travel or spend time in another county, state or country while continuously yielding the benefits of rental income and rental property ownership.<br />
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Finally, one of the most tedious aspects of rental properties is the need for 24-hour maintenance. Late-night emergency calls, routine and other maintenance issues, assistance with grounds keeping plus other upkeep tasks are all managed by an experienced, organized staff that is well-versed in managing these aspects of rental units.<br />
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If owning a rental property sounds good to you, be sure to consult with your Realtor to find the best properties available out there right now. And of course, by hiring a property management company you can enjoy flexibility and freedom while at the same time be rest assured that your property and tenants are in good hands!Unknownnoreply@blogger.com22tag:blogger.com,1999:blog-5945817821548017944.post-82187537749540859152012-01-31T06:49:00.000-08:002012-01-31T06:49:11.117-08:005 Things You Should Do When You Move Into a New Home<iframe width="440" height="253" src="http://www.youtube.com/embed/jlGzl8q6F5Q?rel=0" frameborder="0" allowfullscreen></iframe><br />
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<b style="background-color: white; color: #333333; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;"><span class="Apple-style-span" style="font-size: small; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">1. Change locks</span></b><br style="background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;" /><br style="background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;" /><span style="background-color: white; color: #333333; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;">Unfortunately, you can’t assume the keys you’re holding are the only keys to your home that could exist out there. Play it safe and have all the locks changed as soon as you can.</span><br style="background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;" /><br style="background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;" /><b style="background-color: white; color: #333333; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;"><span class="Apple-style-span" style="font-size: small; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">2. Re-program garage door opener</span></b><br style="background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;" /><br style="background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;" /><span style="background-color: white; color: #333333; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;">Again, it’s better to be safe than sorry when it comes to the security of your new home. Most garage door remotes have a reset button that you can hold down to reprogram the opener. If you want more concise instructions, note the make and model of the opener and contact the company to walk you through the steps.</span><br style="background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;" /><br style="background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;" /><b style="background-color: white; color: #333333; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;"><span class="Apple-style-span" style="font-size: small; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">3. Replace furnace filter</span></b><br style="background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;" /><br style="background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;" /><span style="background-color: white; color: #333333; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;">Most manufacturers recommend that a furnace filter be changed once a month during the heating season to ensure the most efficient performance. While there are higher-quality filters that may not require monthly replacement, it’s still a good idea to check the filter monthly and, of course, replace it when you move into a new place.</span><br style="background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;" /><br style="background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;" /><b style="background-color: white; color: #333333; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;"><span class="Apple-style-span" style="font-size: small; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">4. Install new batteries in smoke alarm and carbon dioxide detector</span></b><br style="background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;" /><br style="background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;" /><span style="background-color: white; color: #333333; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;">You have no way of knowing when the batteries were last changed and if the home has been unoccupied, it’s probably been awhile. Test the alarm and detector and put new batteries in each. This investment of time and a few dollars is well worth it, given the stakes.</span><br style="background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;" /><br style="background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;" /><b style="background-color: white; color: #333333; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;"><span class="Apple-style-span" style="font-size: small; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">5. Replace toilet seat covers</span></b><br style="background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;" /><br style="background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;" /><span style="background-color: white; color: #333333; font-family: Verdana, Geneva, sans-serif; font-size: 13px; line-height: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;">We probably don’t need to go into specific details, but most people insist on swapping out toilet seats.</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5945817821548017944.post-331149202811304622012-01-20T13:38:00.000-08:002014-10-14T09:56:32.538-07:00An Insider’s Look at the Winter Real Estate Season in Flagstaff<iframe allowfullscreen="" frameborder="0" height="253" src="http://www.youtube.com/embed/0OWRRFkM24I?rel=0" width="440"></iframe><br />
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Anyone who knows the first thing about real estate will tell you that selling during the coldest months of the year is just plain not smart. But you’ll be surprised to find out that in Flagstaff, Arizona that is hardly the case. In fact, when you take a look at our numbers, you will find that our <a href="http://www.realtor.com/blogs/2010/06/06/what-is-the-real-estate-absorption-rate/">absorption rate</a> is almost as high as other seasons. It is definitely not a typical real estate trend in most markets but one that works well in our area. <br />
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<b><span style="font-size: large;">Far Fewer Homes on the Market During Winter</span></b><br />
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In many markets, sellers put their home on the backburner but they do leave the listing active. As a result, buyers that are shopping for homes during the cooler months of the year have a reasonable selection of homes to choose from. In Flagstaff, however, most homeowners don’t work that way. We tend to have a lot of sellers choosing to remove their home from the market in time for winter and then relist once the spring market gets up and running.<br />
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<b><span style="font-size: large;">Wintertime Demand Remains Strong</span></b><br />
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Contrary to popular belief, wintertime demand is far greater than people realize – especially in Flagstaff – to the point where when you examine the numbers you will see that our absorption rate is almost the same as during our “peak” months. In 2011 between January 1st and March 31st we reported 43 new homes listed during that first quarter. Also during the same period, 178 homes were sold. Keeping in line with traditional Flagstaff sellers’ trends, as the supply went down but demand remained steady – all of the homes that were newly listed got sold.<br />
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Looking at this winter so far, from the first of January to today, there are already 43 homes under contract with 19 homes already sold. Consider that by mid-January, despite being our coldest, snowiest season of the year, we continue to do well in terms of home sales.<br />
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So there you have it – Flagstaff’s hidden secret. The winter is actually one of the best times to sell!<br />
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<b><span style="font-size: large;">Selling Your Home This Winter? Here Are a Few Tips…</span></b><br />
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•<span class="Apple-tab-span" style="white-space: pre;"> </span>Make sure to keep your home warm and inviting.<br />
•<span class="Apple-tab-span" style="white-space: pre;"> </span>Since the sun goes down sooner keep plenty of lights on to allow buyers to see all that your home has to offer.<br />
•<span class="Apple-tab-span" style="white-space: pre;"> </span>Be sure to keep all walkways clear of any snow and ice plus maintain the exterior areas throughout. Also make sure all outside areas are well lit.<br />
•<span class="Apple-tab-span" style="white-space: pre;"> </span>Pay attention to how your home smells but without overdoing it. Light a seasonal candle or bake a cake before you show the home.<br />
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At the end of the day, you want to make buyers feel at home and if they take the trouble to come see the home in the midst of the cold snow and ice – they must be serious! If you would like to learn of any new home buying opportunities in Flagstaff this winter or if you want to explore listing your home for sale – I invite you to get in touch so we can determine what works best for your needs!Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5945817821548017944.post-24678836962302842072012-01-03T11:54:00.000-08:002014-10-14T09:56:48.374-07:00Answers to Top Seller Questions About Selling a Home Successfully<iframe allowfullscreen="" frameborder="0" height="253" src="http://www.youtube.com/embed/jzUYFK77AD4?rel=0" width="440"></iframe><br />
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If you have made the decision to sell your home, of course you want it to sell well. By selling well, we mean that you would expect to generate interest in buyers when your property is listed, be proud of your home as it is shown to prospective buyers, yield a good sale price and with all transactions running as smoothly and effectively as possible. But how does one promote this type of positive and smooth-sailing sale? As the owner of the property, there is a lot you can do to help convince buyers that your home should be their home.<br />
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<b><span style="font-size: large;">Preparing the Home for Sale</span></b><br />
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In the soft market that we are currently experiencing, buyers have the edge and they know it. That means that once they enter a property unless they are compelled to stay, they will simply move over to the next home on their list. <br />
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Keeping in mind that buyers lean toward the most effectively priced homes as per the market– and also the ones that are clean. By clean, we mean more than just vacuumed carpets, swept floors and spotless bathrooms. In terms of selling a home, “clean” goes a lot further than that. Be sure that beyond standard cleanliness, you also address larger items like windows, major appliances, basement area storage, the garage and exterior areas of the home. <br />
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Another thing to consider is how cluttered the space is when a buyer walks through it. Less clutter translates to the buyer viewing more of the house while visualizing his or her own personal touches in the home. Similarly, by removing your own personal touches such as photographs and school calendars etc. on the fridge, for example, potential buyers can focus on how they might see themselves living in the home. <br />
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Many homeowners neglect to pay attention to curb appeal – a very important part of the home that makes a very strong impression on buyers. Check that the outdoor space is maintained, landscaping is updated and the entryway is appealing. <br />
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<b><span style="font-size: large;">Renovations, Updates and Repairs</span></b><br />
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A common question asked by sellers is what level of renovation and/or updating should they do prior to selling a home – and the answer will vary from one Realtor to the next. We suggest that you stay with the more basic of updates such as having carpets steam cleaned, walls touched up, or other important repairs that are essential to function, safety and security of the home. Aside from these things, any renovations you have done may not be useful depending on the buyers’ tastes and should be avoided if possible. Buyers may want to use those areas as part of negotiation based on their own needs or requirements.<br />
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<b><span style="font-size: large;">Preparing for Sale in the Winter Season</span></b><br />
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Keep in mind that if someone is willing to come to your home and view it in the midst of snow or uncomfortably cold temperatures it indicates the level of seriousness with which they are considering the purchase. Make sure the environment of the home is warm, inviting and comfortable. Walkways and pathways should be clear of any snow or ice. If you have already vacated your home, pay extra attention to turning on one or two lights in the evening hours or more if there is to be a showing. <br />
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Another aspect many sellers tend to forget is how the home smells. If there is a potential for any odors such as from pets or smoking in the home, be sure to rid those areas of the smells prior to showing the home since buyers are very sensitive to this. Finally, remember that while there may not be as many competitors in terms of sellers on the market during winter months, the buyers that are out there are far more serious than the myriad browsers come spring. One way to gain an edge over other sellers vying for your prospective buyers’ attention is to offer extra concessions or incentives.<br />
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Selling a home is not easy, especially these days with so much more inventory on hand than buyers. But if you plan it right and make good decisions you can and will succeed in your quest to sell your home – even in the winter. A good Realtor that is experienced and knows the ins and outs of selling in a tougher market will be able to guide you, helping you to reach your selling goal sooner, better and at the best price possible.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5945817821548017944.post-32982829351325563432011-12-19T11:51:00.000-08:002014-10-14T09:57:11.516-07:00Flagstaff Market Update – 2011<iframe allowfullscreen="" frameborder="0" height="253" src="http://www.youtube.com/embed/G7KFzC4ST7c?rel=0" width="440"></iframe><br />
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As we head into the New Year and anxiously wait to see what 2012 has in store for us – our market performance for 2011 speaks for itself. Since the mortgage meltdown crisis there has been a lot of trepidation about real estate, with much fear and uncertainty about housing prices and values. Low interest rates and lots of inventory, however, kept the real estate machine running fairly well and the results are a good amount of homes sold reported for 2011.<br />
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<b><span style="font-size: large;">Traditional Home Sales Stronger</span></b><br />
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With all the fears of <a href="http://financial-dictionary.thefreedictionary.com/distressed+sale">distressed</a> sales taking over our market, the news that comes from Flagstaff this December is refreshingly uplifting! After taking a close look at market performance, we are reporting almost 61% of all home sales are equity sales. Equity sales, or traditional home sale transactions, are those that involve homes where the sellers have equity on the property.<br />
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<b><span style="font-size: large;">Short Sales, Bank Owned and HUD Properties Slow Down</span></b><br />
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Unlike equity sales, bank owned and HUD properties are those where the owners defaulted on the home and the bank is in a hurry to get the property sold but it will likely occur at a loss to the bank. Short sales homes are those where more is owed on the property than what it is worth. The good news is that in the Flagstaff market in 2011, distressed sales did not dominate the market. At about 39% market saturation, the signs are strong that distressed properties are winding down. <br />
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<b><span style="font-size: large;">How the Numbers Break Down</span></b><br />
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Total number of single-family homes, condominiums and townhomes sold in 2011 is 912.<br />
The number of equity sellers of these sold homes in 2011 is 538 – just under 61% of the market.<br />
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Bank owned properties sold in 2011 totaled 249 – approximately 27% of the market.<br />
Short sales sold in 2011 was 107, amounting to about 12% of the market.<br />
The number of HUD homes sold in 2011 was 18, a slim 0.02% of the market share.<br />
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Vacant land lots also are moving, with 74 reported sold.<br />
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The bottom line is this: amidst fears of overshadowing by distressed property sales, traditional home sellers can rest assured that they have as much as 61% chance to successfully sell their property over others. Though anything can change – we expect the same trends to follow through in 2012. <br />
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It is still a great time to buy – and with serious buyers on the market, it’s also a good time to put your property on the market to sell. As always, if there are ever any questions that come to mind or even if you just want to get an idea of what to expect in the coming months as a seller or buyer – we invite you to come in, call us or send an email. We’d love to hear from you!Unknownnoreply@blogger.com1