Scottsdale Real Estate: Top 5 Mistakes Sellers Make When Selling Their Home

What are the five biggest mistakes that sellers may make when trying to sell their home?

1. Hiring the first Realtor that they meet. Always be sure to do your due diligence so that you find the right agent. If you already know someone, that’s great. If you’re just meeting someone, it’s best to get recommendations from friends, coworkers, and family members and go from there.
2. Ignoring market conditions. Sometimes we assume that our home is better than the one next door. In reality, we have to take into consideration what each home in the neighborhood is selling for. All of this can impact your sale price, your days on market, and whether or not your home sells. It’s very important to go over the comparative market analysis with your Realtor so that you can be mindful of market conditions.
3. Hiding foundational problems. It’s very important that you disclose any and all problems with the property on the seller property disclosure statement, which you can get from your Realtor. When buyers come along, they’re going to want to see receipts or some kind of proof that you’re trying to correct these problems.
4. Overpricing. Pricing is key, and the price of your home has to be in line with market conditions. As I said, it’s natural to assume your home is always worth more, but if it’s not at the right price point, then it can stay on market for an interminable length of time and cause you all kinds of headaches.
5. Ignoring agent advice. Unfortunately, I see a lot of this. Whatever your agent recommends that you do before listing, just do it. 

If you have any other real estate questions, please don’t hesitate to call me or send me an email. Thanks, and have a great day.

What Are the Pros and Cons of an HOA?

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A lot of buyers have been asking us questions recently about HOAs, like what they are and what the benefits of them are. We are here today to answer those questions.

HOA stands for Homeowners Association and typically in neighborhoods, there is a governing group that regulates and monitors the neighborhood to make sure it's up to par. It is of benefit to you as a homeowner. There is a cost involved each month, but it doesn’t come without benefits. An HOA keeps the value of your property up. You won’t have someone next to you who is living out of a trailer, has a messy lawn, or garbage strewn about. 

An HOA keeps the value of your property up.

The major downside of HOAs is that sometimes you will live in a master plan community where there could be multiple HOAs. If you’re in a gated community for example, there could be a separate fee for you to monitor the gate and private streets within your subdivision. That can get to be expensive. 

In Scottsdale and Phoenix, we have plenty of neighborhoods with HOAs. They include some great amenities like community pools, basketball and tennis courts, and more. It’s great for families of all ages. 

If you aren’t from the area and moving here, this is something you should know about. If you have any questions for us or plan on moving here from out of state, give us a call or send us an email. We would be more than happy to help out.

The Effect of Brexit on the Phoenix Housing Market

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Buying a Scottsdale home? Search all homes for sale

Did you know that the Brexit had an impact not only the on the U.S. housing market, but also the real estate market here in Arizona and Scottsdale?

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We're at an all-time low in interest rates.

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Brexit is of course the Britain's decision to leave the European Union - in a nutshell, they want to take back control of their country. So how does it affect us? Well, experts say that Britain made up about 1/6 of the EU's economy, and that the U.S. equivalent would be California and Florida being lopped off the U.S. economy.

The Federal Reserve cited Brexit as a reason not to increase interest rates, which is fabulous for the national housing market, as well as the housing market here in the Phoenix area. if you're still thinking about buying a home, we're again at an all-time low in interest rates. It's definitely time to jump on board and get that home of your dreams. Additionally, the jumbo products are very attractive, so if you're thinking about entering the luxury market, it's a great time. Give me a call soon and let's keep this conversation going!