A Smart Look At Phoenix Real Estate!
I read an article in "The Costco Connection" today and I thought it had some really good information for all of you in the Phoenix real estate market!
If you are in the market to buy a home...it is your lucky day!
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In the current Phoenix real estate market buyers have a significant advantage...because seller's are more willing to negotiate. There are over 55,000 homes for sale right now in the Phoenix Valley. Seller's are reducing their home prices and offering to pay home buyer's closing costs.
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There is a lot of competition for home buyer's, but don't shoot yourself in the foot! Don't offer $100,000 on a house selling for $300,000. Making a super low ball offer...regardless of what the late night infomercial is saying...is still a waste of time.
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Interest rate are low...and they might go up in a few months because of inflation fears. Buy now and take advantage of the incredible buyer's market we have in Phoenix
If you are selling a home in the Phoenix Valley...the world hasn't come to an end. There are however, a few basic rules you must follow.
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First Impressions count...and the buyer's first impression is going to happen on-line. 84% of real estate buyers in the Phoenix Valley start on-line. So before the buyer can ever judge the curb appeal of your home they are judging the "photo appeal". Do everything to can to get your home in tip top shape.
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If your budget allows, make a few improvements. If your dishwasher is 15 years old and looks it...buy a new one. Anything in your home that stands out as old, or as something the buyer will have to replace soon' will keep your home from selling in this market.
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If your home is not the best deal $$ in the area...your home is not going to sell. There was another article on CNN.com about how home owners think that their home is the exception to the falling market. If you are trying to sell a home in the Phoenix real estate market, your home is not the exception. The market is still falling...price it to sell because if you don't price it to sell now...it will sell for even less when you are finally ready to listen to reason.
Right now is an incredible time to buy real estate in the Phoenix Valley! Let me know if you are ready to take advantage of it.
If you are planning on selling your home, remember that homes are still selling. Contact me, I will be honest with you about what you can expect in this type of market and will get your home sold for you!
Date: 2008-02-27 15:47:27
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