Thursday, October 19, 2017 / by Elite Results Team
We like to keep you informed about what is going on in the housing market, and right now, the update is easy: It's still a seller's market. Supply is still low. Home prices are still climbing.
We talked to a client recently who wanted to break into this market, but was a little discouraged with these climbing prices. This had them considering renting instead of buying.
It's important to know, however, that the cost to rent has been climbing right along with these home prices. In fact, here in the Phoenix area, it is 38.5 percent cheaper to own a house than it is to rent, according to Trulia's October Rent vs. Buy report.
If you buy you also benefit from equity buildup, home value appreciation and even some tax benefits.
In this market, if you can afford to rent, you can typically afford to buy. We also work with some great lenders who have fantastic loan products if you don't feel you have enough money saved up for ...
Wednesday, July 12, 2017 / by Elite Results Team
This month, there are two things on our mind: the heat, and this hot real estate market. We are here to help you weather both!
Right now, saving money on energy is all the rage. But we have seen clients sink tons of money into energy-efficient upgrades that don't necessarily pay off in resale value.
That might not matter to you if you are planning on staying in your house for a while. But even it there is a possibility you might sell your home within the next couple of years, it is worth thinking about the numbers.
Check out our list below for the best and worst energy-efficiency upgrades in terms of resale value.
Best energy-efficiency upgrades for resale value:
landscaping with shade trees
upgraded fixtures with fans in all rooms
We have sold hundreds of homes in the valley, and based on our experience, these upgrades pay off both in energy savings and increased resale value.
Worst ener ...
Monday, June 19, 2017 / by Elite Results Team
Have you seen the 10-day forecast for the Phoenix Valley? These blazing temperatures might be driving you indoors to hibernate for the summer. But if you want to spend your indoor days in style, then you might consider these hot housing trends:
These are some great updates to make whether you are in your house to stay or whether you are looking to sell.
The video highlights a few of our recent listings. We have a proven record of being able to help our clients get the most out of their listings, in a time period that is way below the market average. This ranges from updates and renovations to staging and HD photography.
Our stats are being helped by the current market, which is still comfortably in the seller’s favor. According to the Cromford Report, supply is down from last year (18,476 versus 20,979), although we are seeing continued signs that the pendulum is beginning to shift ever so slightly back towards the buyer.
Here at Elite Re ...
Friday, May 19, 2017 / by Elite Results Team
You keep hearing about this seller's market. But what exactly does that mean?
Watch this video from Rob Hale, our broker here at Elite Results Realty to learn more.
Let's first take a look at Maricopa County's May inventory in the lower price ranges*:
77 listings under $100,000, compared to 9,497 in January 2011
70 listings between $100,000 and $125,000, compared to 3,713 in January 2009
155 listings between $125,000 and $150,000, compared to 3,790 in August 2008
441 listings between $150,000 and $175,000 compared to 3,534 in August 2008
So there continues to be a lot of competition over greatly reduced inventory, which means sellers typically wield the power. That is why buyers need an expert by their side to help them get what want.
We have been able to help our buyer clients gain an edge, even in an environment like this. In a recent example, one of our clients was going to have to submit a contingent offer because they h ...
Friday, April 14, 2017 / by Elite Results Team
This is one of my favorite times of the year: blossoms are blooming, baby birds are chirping and buyers are searching. In fact, they are having to look a little harder to find what they are looking for this April. Supply is down 12 percent from this time last year, and that can make a big difference when you are trying to find the perfect home.*
Home prices are continuing to increase, though by a more modest amount.
Luckily, with the right team, you can still find some great properties at the right price. And Elite Results Realty is ready to help.
Here is what these market indicators might mean to you:
If you are looking to buy, now is the time. With less supply and prices rising, we are potentially heading deeper into the seller's market.
If you are planning to sell, reach out to us. We can help you get top dollar for your home. Below are examples of how we will show your house in the best light, from staging to renovations a ...