Sunday, February 19, 2017

Five Things That Factor Into Comps



You may think that sale price is the only factor when you're looking at comps and trying to set a price for your listing. But it's actually a bit more complicated. Here are five things that affect comps that you might not be aware of.

  1. New construction nearby: Because of low prices for lots and varying prices in home building materials, new homes can actually be cheaper and cost less per square foot than existing homes. If there's a lot of new construction nearby, that can affect the price for your own listing.
  2. Renovations: Recently renovated homes typically sell for more than homes that haven't been updated in a while. If you've recently upgraded your home-especially sought-after upgrades like the kitchen or master bath-your home should be priced appropriately.
  3. Developable lots: Not all lots are created equal. Even if the square acreage is the same, a lot that's easily developable will get a better price than a hilly or rocky lot that needs a lot of preparation.
  4. Listing price vs. sale price: Whether sellers actually get their asking price depends greatly on the market. When you're pricing your home, it's important to look at sales prices, not just listing prices. The listing price doesn't always accurately reflect what a home will sell for.
  5. Location: Nearby amenities, safety, schools, and noise levels can vary greatly within a neighborhood. Homes in more desirable parts of the neighborhood will sell for a higher price, all else being equal.

     

    Finally! A home search app with all the listings and no ads. Find your next home with the Home Scouting app from HBM2. Find it in your app store and register with my VIP Code 480-779-0896.



"The Judy's"


Judy Gillum, REALTOR®

Cell: 480-779-0896

judy.gillumaz@gmail.com


Steve Gillum, REALTOR®

Cell: 480-280-1123

Steve.gillumaz@gmail.com


Judy Manning, REALTOR®

Cell: 480-518-0722

judymanningaz@gmail.com


Michael Manning, REALTOR®

Cell: 602-738-8236

michaelbmanning@cox.net


Sunday, February 5, 2017

How An Agent Can Help Alleviate Stress

Purchasing a home can be a stressful experience, whether you’re a first-time buyer or you’ve been through the process before. 

But that’s one of the reasons that working with a real estate professional is so worthwhile. With your agent’s guidance, buying a home should be enjoyable, rather than stressful. Here are some of the more unique circumstances where your agent can make your life much easier.

Out-of-town buyers: If you’re looking for vacation homes or moving to a job in a new city, there’s a good chance that viewing homes will be difficult—you could be a long drive or even a plane ride away. With today’s video messaging apps like Skype or Facetime, your agent can walk you through a property virtually. It’s not the same as walking through in person, but it will at least give you an idea about whether a property is worth pursuing further.

When life is just too crazy: If you’re just getting too busy with everything else going on in your life, a good buyer’s agent should be able to recognize the situation and help you take a step back. They can suggest that you take a few weeks off from your home search to recharge, or only focus on properties that exactly fit your wants list.

Inspection issues: You’re dreaming about move-in day, and then some unforeseen issues turn up during inspection. A good agent can work out those issues by negotiating a lower offer—to cover costs of repairs—or by getting the seller to fix the problem.

Manning Team AZ is made up of family, and family's buy homes. We’re not just experienced real estate professionals in the Mesa, Chandler, Queen Creek, San Tan Valley, Florence, and Gilbert real estate markets, we’re home buyers too. It takes more than a trained real estate agent to understand the needs and concerns of buyer clients. It takes someone who has been there, someone who has the same concerns when they’re home shopping.
We don’t want to minimize the technical aspects of the home buying process though. Every year it becomes more complex. Between government legislation, environmental laws, mortgage documentation requirements and the legal aspects of a home purchase, the home buyer must be on top of all aspects of the process, or be helped by a professional.
The professionals at Manning Team AZ are here to assist buyers in the Mesa, Chandler, Queen Creek, San Tan Valley, Florence, and Gilbert real estate markets, and we’re really good at our jobs. There’s plenty to do:

MLS Search Assistance - We help our buyers to understand the many fields of information in an MLS, Multiple Listing Service search. We guide them in making the most of searches in an MLS with thousands of listings.

Financing Assistance - As tough as it is these days to get a mortgage, we know the best sources in the Mesa, Chandler, Queen Creek, Florence, and Gilbert real estate markets and will help you to contact mortgage professionals who have been very helpful to our past clients.

Price Negotiations- Buyers shouldn’t walk into a deal unarmed. We arm you with market data to help you to understand the buyer and seller sides and formulate an offer price negotiation strategy.

Automated Search Reports - Once we have an idea of your criteria for a home selection, we can set up automated search alert emails to keep you informed of new listings and price reductions of qualified properties.

Inspections & Repair Negotiations - Price isn’t the only negotiation, as there will be property inspections and you may need to enter into more negotiating around property condition and repairs. We’re experts at this.
Contract to Closing - The myriad of tasks, documents and delivery deadlines involved in a real estate transaction are all coordinated by your Manning Team AZ agent and our closing assistance staff. From title insurance to surveys and mortgage documents, we’re here to help.

Buyers in the Mesa, Chandler, Queen Creek, San Tan Valley, Florence, and Gilbert real estate markets are frequently referred to us by previous highly satisfied clients. 

Call or email us today and we'll get started working for you. 

Website: http://manningteamaz.com/Buyers



“A house is made of bricks and beams. A home is made of hopes and dreams.”  


Find your next home with the Home Scouting app from HBM2. 


Find it in your app store and register with my VIP Code 480-779-0896.