I've noticed after numerous listing appointments and talking with people that it's not clear why home improvements help sell a home faster, and for top dollar. In many cases, people feel these improvements are an expense and not an investment. I want to share this food analogy below, as I believe this will help show how … [Read more...] about Understanding Supply, Demand and Condition in Real Estate
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Tip# 4
This month's tip has to do with the six C's. These "C"s will help you achieve that top dollar price. One of the most economical solutions in updating your home is to find a neutral color to use throughout the home. Typically you should consult a stager or interior designer or real estate professional for this. But I've taken … [Read more...] about Tip# 4
Real Estate and Vacation Rentals
Investment Homes & AirBnB Are you considering turning your rental into an AirBnB or Vacation rental? In this Arizona market right now, a 6 or 7% cap is considered average/good. 10% CAP is considered excellent for a long-term rental.Did you know that, the earning potential with a vacation rental can be 80% or more than that … [Read more...] about Real Estate and Vacation Rentals
Tip# 3
#PRICING Price the home correctly! Research show's overpricing your property will actually cost you money. If priced competitively from the very beginning, a home will sell at the higher end of the value range. The longer it lingers on the market, the lower it lands in that range. To understand pricing, first, you must … [Read more...] about Tip# 3
Tip #2
The last tip was about the importance of having consistency throughout your home. The psychology behind creating consistency is that it can make a home feel finished. Anything that "feels" unfinished, chopped up, disjointed, or "feels like a project" will result in lower demand and in turn lower offers. This week we are … [Read more...] about Tip #2
Tip #1
Getting TOP dollar for your home, more often than not, will require some sort of fine-tuning. If you've lived in your home for a while, and you want to get the most money for your home, prepare yourself to put in a little work to get your home in tip-top shape. There are a number of things that must be done to achieve this. … [Read more...] about Tip #1
Social Behavior and Real Estate
Many would agree that technology over the years has enhanced the quality of our life. Technological advancements have increased the speed in which we receive information, it has also enhanced our efficiency in which we can accomplish tasks, and communicate with one another. Applications have changed the way we behave. … [Read more...] about Social Behavior and Real Estate
The 3 F’s in Fix n’ Flip
If you've ever been curious to as to how real estate investors consistently make money with "Fix-n-flips" Here is your startup guide to learn how. There are three key factors to creating a successful business model for profits that they don't teach you in those seminars people spend thousands of dollars on. Funding The first … [Read more...] about The 3 F’s in Fix n’ Flip
WHICH DOWN PAYMENT STRATEGY IS RIGHT FOR YOU?
You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and stability to save for a long-term goal. It also helps you get favorable rates from lenders. But there can actually be financial … [Read more...] about WHICH DOWN PAYMENT STRATEGY IS RIGHT FOR YOU?
DISPELLING REFINANCING MYTHS
“Refinancing” is a scary word for many people, but that shouldn’t be the case for you. For many homeowners, refinancing can not only lower your monthly payments and help with your monthly budget, but it can save you thousands of dollars in the long run. YOU’RE NOT TOO LATE. For years now, we’ve been hearing that interest … [Read more...] about DISPELLING REFINANCING MYTHS
What is Earnest Money?
What is Earnest Money? Earnest money is "Good Faith" money that show's your intent to purchase a home. Typically, homebuyers earnest money will be 1-2% of the purchase price. This is money that could be lost if the buyer defaults on the purchase contract. However, if they uphold their end of the contract, it will go towards … [Read more...] about What is Earnest Money?
Tip #5
More than ever, deferred home maintenance items need to be addressed before listing a home for sale in the traditional retail market. Even though in the Metro Phoenix area, there is low inventory. The consumer's expectations do not change. Due to the abundance of information, the internet brings us, people are becoming more … [Read more...] about Tip #5
Spring Cleaning Tips for Home Maintenance
Clean/Paint the Trim Grab your magic eraser and start wiping down all the scuffs, dirt, and fingerprints off all your interior trim (baseboards, door frames, doors, etc. If there are deep scrapes or dark scratches consider grabbing a can of your semigloss trim paint and start painting. Clean Vents & Registers … [Read more...] about Spring Cleaning Tips for Home Maintenance
Buyer Contingencies
Did you know there are five contingencies outlined in the contract to allow a buyer to cancel without penalty or financial loss? Arizona is a buyer-friendly state. The Arizona purchase contract is designed to protect home buyers by giving escapee. Learn these five contingencies and you will find yourself more confident when … [Read more...] about Buyer Contingencies
Tips for First Time Home Buyers
Don't Make any Major Purchases Prior to Buying a Home As we have learned from the book "Rich Dad, Poor Dad" there are good debts and bad debts. When it comes to buying your first home, a mortgage is a good debt. Think about prioritizing purchases on appreciating asset over purchases that are depreciating liabilities. It's a … [Read more...] about Tips for First Time Home Buyers
