After being at this over 11.5 years I have seen a lot of the ups and downs that the real estate market throws are way. There are tons of factors that contribute to the rise and fall of the market, the price of homes and the willingness to buy and sell. Supply and demand plays a huge role as well. Condition, upgrades and curb appeal can sometimes bump up a price significantly if someone really likes what that home has to offer. After being on a part time basis for 3 years I am back with gusto since July and I have seen quite a bit of changes over the past 6 months in real estate. Not only has Arizona increased significantly in values as I am sure you have heard on the news and in the papers, the bidding and overbidding of properties has once again become a reality for some. Those hot commodity properties in the outlying areas have went from an investor being able to pick something up relatively cheap at say $60,000 to probably $100,000 for something really decent. Investors have once again played a huge role in bumping up the market. I have seen a significant decrease in the amount of bids and an increase in the days on market of most homes since the beginning of October. Whether this has to do with the holidays approaching or with the same people bidding on several different properties at once and finally getting something taking them out of the pool of buyers, I cannot say.
With the 4 years experience I have doing Broker Price Opinions (mini appraisals) for the banks I have a lot of day to day knowledge of the pricing of homes, what people are willing to pay for fix ups, investor flips, traditional sales (those with owners not in default status), short sales and foreclosed homes. The market fluctuates and varies depending on square footage and area up to 60% in some cases from one asking price to another. This can put buyers and sellers in a state of confusion when putting in an offer or deciding the best price at which to sell their home.
How do you make an informed decision on buying or what you could realistically sell your home for? That is when a professional with experience comes into play. Someone who can guide you in the right direction but also doesn't have an emotional attachment to a house like you the potential buyer or owner that has put all that SWEAT equity into your current home. A professional Realtor wants to get you the best price and wants to make a living not only by selling homes but building that relationship with you, giving you the service that you deserve and trying to ease your mind, stress and comfort level while the whole sometimes overwhelming process is taking place. That professional wants you to know that they are in this not only to make a living but to make you happy and hopefully get repeat and or referral business from you in the future.
So if you are in the market to buy or sell with in the next year, if you have questions or concerns about where to start or you are just curious as to what your neighbor 3 houses down is up to just give me a call I am here for you.
Dani Miller
480-695-2010
No comments:
Post a Comment