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Elite Results Realty Blog

Monday, April 26, 2021   /   by Vyral Marketing

3 Ways Agents Help You Maximize Your Home Sale

These are just a few good reasons sellers should hire a Realtor, even in this hot market.

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If homes are selling so quickly, why should you pay a Realtor to help you sell? Here are three key reasons why you should enlist the help of a professional irrespective of the conditions in our market:
1. An agent helps you choose the best offer. If you don’t use a Realtor, how do you know you’re getting the best offer for your home? Suppose your home is currently valued at $450,000; if you got an offer for $455,000 within two days of listing, would that be the best offer you could get? What could you get if you had 10, 12, or even 30 offers? Great agents in the top 1% of the industry can help you answer these types of questions and educate you about what’s going on in the market.
2. An agent makes sure the buyer can afford to pay the amount they’re offering. Many buyers can qu. ...

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  selling a home

Friday, April 9, 2021   /   by Vyral Marketing

5 Reasons Why It’s The Perfect Time to Sell Your Home

Here’s why now is the perfect time to list a home for sale.

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Sellers are having a fantastic time in our market right now. If you’ve been on the fence about listing your home, today I'm sharing five reasons why now is the perfect time to sell:
1. Prices have never been higher: Prices skyrocketed in the market boom of 2005/2006, and many people thought we’d never reach those same levels. Well, we’re there again in 2021. In fact, we’ve even exceeded those prices in many cases.
2. Properties are getting multiple offers: Due to high demand for homes, many sellers are enjoying multiple offers on their listings. This competition drives up the price and creates better terms for sellers.
"There isn’t much competition among sellers right now, so your listing will automatically stand out in the market."

3. Interest rates are at historic lows: You can sell your h. ...

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  selling a home

Monday, March 29, 2021   /   by Vyral Marketing

Why We’re Seeing Both High Demand and High Prices for Homes

There are a number of reasons why both demand and home prices are continuing to rise. Here’s what’s happening.

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Many of my clients have been wondering why demand is staying strong even though prices continue to skyrocket. There’s not really a simple answer; instead, this phenomenon is occurring for a variety of reasons, including low interest rates, an influx of people moving into the Phoenix area, and the ongoing pandemic.
Interest rates are at their lowest in history, which has made homes more affordable in spite of increasing prices. On top of this, many homebuyers are moving in from different areas of the country. Arizona has been an affordable place to live in for years, and since so many people are now able to work remotely, more and more have taken the opportunity to move to our great state.
"Interest rates are at their lowest in history, which has made homes more a. ...

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  market updates

Friday, March 12, 2021   /   by Vyral Marketing

Buyers: How Much Must You Bring to the Table?

Here’s a deeper look at the total cost of purchasing a home right now.

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Traditionally, buyers have had to budget for some closing costs, a down payment, and any other fees associated with the lender. How much money does a buyer need to bring to the table in order to purchase a home in today’s red-hot market?
In every market, you’ll need a down payment. The specific amount will always vary depending on the loan type. VA loans usually allow you to put 0% down, FHA loans require at least 3.5% down, and conventional loans can be anywhere from 3% to 20% or more. Keep in mind that those are minimum requirements; if you’re willing and able, you can go beyond them.
"Buyers in today’s market may have to pay $3,000, $5,000, or even $10,000 over the appraised value."

In addition to your down payment, you’ll also need to pay closing costs, which include title fees. ...

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  buying a home

Friday, February 26, 2021   /   by Vyral Marketing

Will Home Prices Continue to Rise in 2021?

How long can we expect to see home appreciation continue like this?

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Many are happy to see that home prices have appreciated just over 21% in the last year, but the question becomes, “How long will this continue? What signs should we be looking for to know when the market will change?”
First, know that there are around 4,300 listings currently available on the market, where there would normally be around 30,000. That’s a drastic reduction of inventory. With just over 15 days of inventory on the market, that means if no other homes came on the market, we would sell out of everything in about two weeks.
When supply is low, home prices rise because there are more buyers available than there are homes for sale, and people who need to buy a home will pay more in order to outbid competing buyers on the market.
We’ll be watching these trends closely and let you know what w. ...

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  buying a home