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What value does a REALTOR have in today’s market? Why use a REALTOR?

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  When you think of a REALTOR, what do you think of? Lately We are hearing overpaid, a rip off-- this saddens us as there is a Very Big Difference from a REALTOR and anyone who is licensed to sell real estate in my eyes. There is so much talk about value and what we do or don't do for the public. It is hard to see the differences or what is the benefits of using a Full Time- Full- Service REALTOR.  WE think of negotiating and building relationship, protection for our clients, working hard, educated to what is happening around a specific area and the pitfalls to know about, helping people every way WE can. We think of helping you get to your Whooo hooo!!!! moment, quickly, efficiently and navigating all the obstacles that can be in your path!  Yes, you can sell your home yourself, use a discount brokerage, or hire a agent/a broker not associated with NAR with the designation of a REALTOR. So why does it matter? What difference does it make? REALTORS have taken an oath and ...

What buyers need to know about escalation clauses

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  An escalation clause can help buyers gain a crucial edge in today's seller's market, but these offer addendums need to be handled with care. What is it? An escalation clause is a real estate contract, sometimes called an escalator, that lets a home buyer say: “I will pay “x” price for this home, but if the seller receives another offer that’s higher than mine, I’m willing to increase my offer by “Z” to “Y” price. Just be sure you have the cash to back up the offer.  How does an escalation clause work? While escalation clauses vary significantly, the general escalation addendum has a few basic components: •              What is the original offer of purchase price? •              How much will that price be escalated above any other competitive bid? •              What is the maximum amount...

Things you can write off on your taxes when buying a home

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  Buying a home can be very expensive. First there's the down payment. Then there are closing costs, including fees for an appraisal, inspection, and title search. And once you own it, the expenses continue to add up, with everything from maintenance to taxes and insurance. There are some tax benefits to owning a home, though. Tax-deductible homeowner costs can reduce the amount of income tax you have to pay. What is a tax-deductible expense? A tax-deductible expense is one that you can deduct from your adjustable gross income (AGI) when you file your taxes for the year. Deducting these costs reduces your taxable income, and the lower your taxable income, the less you'll pay in taxes. When looking at potential homeowner tax deductions, it's crucial to know the differences between standard and itemized deductions. A standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed, based on your filing status, age, and other...

December Market Update 2021

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Here's what we're seeing in the market these days:  With buyers and sellers focused on the holidays, the downward trend we are seeing is very common for this time of year. Although the numbers (in terms of inventory) and sales price are not in favor of buyers, hopefully buyers will see some new and rising inventory just around the corner (January/February). On a positive note for buyers, this is still an amazing time for buyers to take advantage of record low interest rates especially with the Federal Reserve acknowledging that they plan to raise rates (more than once) in the upcoming year. 2022 is forecasted to be a seller’s market, albeit a weaker one than we have seen in 2021. Sellers should continue to avoid overpricing their homes because numbers indicate a direct correlation between overpriced listings to higher concessions to buyers and higher days on the market. Overall, Arizona is still seeing record numbers in the real estate market and experts do not see ...

Tips to get your home staged to sell- 2021

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 In this day and age- with HGTV and all the fuss made about homes it is so important to have your home staged... so here are a few tips from the pros to get the most bang for your buck!   Maximize Curb Appeal Getting them through the front door starts at the curb. Manicure the lawn, trim the trees and shrubs. Pull weeds and plant some colorful flowers. Clear the walkways. Fix peeling paint and wind up that hose. Paint the address number on the curb. Make Repairs to Visible Blemishes Is there something that’s an eyesore, but an easy fix? If looking at it bothers you, it could bother a potential buyer and reduce the appeal of your home. Replace burnt out light bulbs, fix that loose door handle, make needed paint touch-ups. Make a Buyer’s Entrance Inviting Freshly paint the front door with a color that contrasts the house. Add a new welcome mat. Hang a fresh wreath on the door. Let the Light Shine In Removing heavy window coverings to let in the natural light we all cra...

Top Things a Seller Should Consider Before Selling a Home or Condo.

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A successful home sale, considered by many owners, is to maximize their proceeds in the shortest time with the least inconveniences.  Just because it is a seller's market doesn't mean that homeowners can shortcut some of the steps that make it happen and they certainly need to avoid commonly made mistakes. Pricing too high Low inventory and high demand have contributed to the rising prices of homes.  NAR reports that the median sales price is up 17.8% in the past year and CoreLogic recently released data that July set new record growth of 18% year over year.  This might give sellers a false sense of security about overpricing their home Pricing a home too high initially can limit activity, attract the wrong buyers and ultimately, cause the home to realize a lower price than optimum.  There is an interesting dynamic that takes place when there is a shortage of homes to show, and a new home hits the market.  Buyers, who have been in the market but not ...

How to pass a home inspection

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THINGS YOU SHOULD KNOW TO HELP PASS A HOME INSPECTION AND AVOID DELAYS HIGH COST LAST MINUTE TRAPS YOU SHOULD KNOW ABOUT WHEN LISTING A HOME *Utilities are on the day of the inspection - water, electricity, gas, etc. *Lock box codes or arrangements are provided to access the inside of the property before the day of the inspection *Grade or surrounding surfaces slope away from the house foundation on all sides *Exterior surfaces – driveway, walkways, porch, patio and other accesses are not cracked with significant separation or displacement *Vegetation is trimmed or planted away from the house foundation, wall surface and roof cover *Exterior trim building material is free of deterioration, rot and sealed to the wall surface. *The roof covering has been serviced within the last 3 years and has no obvious damage *Exterior windows are not cracked, vandalized or missing and seals are functional.  *Water heating tank does not have visible corrosion or staining at the unit, p...