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Showing posts with the label Arizona Real Estate

Myth vs. Fact: Common Home-Selling Misconceptions Debunked

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When faced with the overwhelming task of trying to sell their homes, many people rely on the advice of family and friends, or gather ideas from TV shows and other sources. As a result, myths and misconceptions surround the home-selling process, causing many homeowners to have erroneous ideas of the best ways to market their homes and prepare for a successful sale Have you heard any of these common myths about selling your home? Test your knowledge! Myth: Repainting is easy, so buyers won’t be deterred by a home’s paint colors. Fact: It can be difficult for many buyers to see past paint colors they find unappealing—particularly if those colors are bold, unconventional, or do not showcase the home in its best light. When your home is on the market, consider painting rooms in neutral hues, such as taupe or pale gray. Colors like these will help prospective buyers envision themselves living in the home and tend to look better in online photos. Myth: You have a better chance of succe...

July 2016 the weather is HOT in Arizona just like the Real Estate Market.

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Last month STAT projected a median sales price for July of $223,000 with the added caveat that their mathematical projections have been coming in slightly lower than the actual results for most of this year. They expected a decline in the median sales price in July, but they also thought it would probably not be as low as our projection of $223,000. The actual median sales price in July was $225,000, 0.9% higher than the $223,000 projected by our mathematical model.  Looking ahead to August, the ARMLS Pending Price Index projects a median sales price of $225,000. MLS sales volume in July 2016 was at 7,630, which was 284 fewer sales than July 2015 at 7,914. STAT had expected July sales volume to be lower than the total last year as there were only 20 business days this year compared to 22 business days last year. We begin August with 6,705 pending and 3,633 UCB listings giving us a total of 10,338 residential listings practically under contract. This compares to 9,726 of the same ...