According to Zillow, the average house is available for less than two weeks before it’s snatched up by a buyer. Today’s market is highly competitive, which is why it’s more important than ever to have an expert advisor in your corner when purchasing your dream home. Call me at 602-753-0177 to learn the secrets to making a successful offer in this fast-paced housing market.

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Around this time each year, many homeowners decide to wait until after the holidays to sell their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why selling your house now, or keeping it on the market this season, is the best choice you can make. This year, buyers want to purchase homes for the holidays, and your house might be the perfect match.

Here are seven great reasons not to wait to sell your house this holiday season:

1. Buyers are active now. Mortgage rates are historically low, providing motivation for those who are ready to get more for their money over the life of their home loan.

2. Purchasers who look for homes during the holidays are serious ones, and they’re ready to buy.

3. You can restrict the showings in your house to days and times that are most convenient for you, or even select virtual options. You’ll remain in control, especially in today’s sellers’ market.

4. Homes decorated for the holidays appeal to many buyers.

5. Today, there’s minimal competition for you as a seller. There just aren’t enough houses on the market to satisfy buyer demand, meaning sellers are in the driver’s seat. Over the past year, inventory has declined to record lows, making it the opportune time to sell your house (See graph below)

6. The desire to own a home doesn’t stop during the holidays. Buyers who have been searching throughout the fall and have been running into more and more bidding wars are still on the lookout. Your home may be the answer.

7. This season is the sweet spot for sellers, and the number of listings will increase after the holidays. In many parts of the country, more new construction will also be available for sale in 2021, which will lessen the demand for your house next year.

Bottom Line 

More than ever, this may be the year it makes the most sense to list your house during the holiday season. Let’s connect today to determine if selling now is your best move.

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The Thompson Group does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. The Thompson Group. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

According to experts, the housing market is not forecasted to cool off this winter. Let's connect to make sure you're ready to enter the real estate market during the hottest time to buy or sell a home, call me at 602-753-0177.

With only 23 days left til Christmas, why not contact us to see how we can help with that! Give us a jingle at 602-753-0177!

Looking for something to do around Chandler this holiday season? Put this on your calendar!  The Tumbleweed Tree Lighting Ceremony is Dec 5 2020 from 4:30 – 9 p.m.

Some things are simply synonymous with the holidays — pumpkin pie, peppermint mochas, gingerbread houses, and of course, the City of Chandler’s Annual Tumbleweed Tree Lighting and Parade of Lights. Every December, Mayor and City Council invite you to celebrate the holidays in Downtown Chandler. Behold the iconic Tumbleweed Tree, visit with the jolly man himself, Santa, and enjoy musical performances and glowing pageantry of lights. It's an evening of merriment the whole family can enjoy. 

Source: https://www.chandleraz.gov

Thank you for your business, referrals, and your partnership for life. Let’s connect to continue down the path toward your homeownership goals, 602-753-0177

There’s so much more to buying a house then appearances. Let us help you find your dream home, in your dream location. Call us at 602-753-0177

Let us help you find your new home, wherever that may be. Call us at 602-753-0177

Every housing decision involves a complex set of factors, but moving into an active adult community adds several unique considerations. A real estate agent with the SRES® designation can help you sort through these and other factors when deciding on your next home:

Location

Do you prefer living close to family and friends or in a particular area for health or weather reasons?

Do you want to live in a smaller urban facility with minimal services, or do you prefer a more extensive, independent campus that meets all your social needs and offers numerous onsite amenities?

Do you plan to maintain one or more vehicles or prefer relying on your community’s transportation options or public transit?

Cost

Your options will expand or be limited by the amount you have saved and the money you receive from the sale of your existing home.

How much can you invest in your new community, and what is your monthly budget for living expenses?

Remember to include any homeowners’ fees when making your decision. Also, factor in any up-front move-in fees.

Lifestyle

What activities and amenities would improve your quality of life?

Do you want a residence close to a major city’s cultural and artistic events?

Are you interested in a “niche” community of people with the same interests, priorities, or beliefs?

Restrictions

Check the regulations for each potential community carefully for any restrictions that would negatively impact your decision.

Are pets permitted?

Will grandchildren or adult children be able to stay with you for extended periods?

Are you allowed to rent your property?

Tax and Financial Impact

Do your homework and seek expert advice. You may be able to save thousands and improve your retirement options.

How will a move impact your tax liabilities?

Is the community on solid financial footings?

If you have to pay a hefty up-front fee, will that be returned should you decide to leave?

Satisfaction

Does the community offer a trial stay or a short-term lease?

Determine your rights if the property is not being managed to your standards.

Read all the fine print and study minutes from homeowner association meetings or the management board.

Talk with the neighbors and make sure you are informed and comfortable before signing on the dotted line.

Source: https://sres.realtor/blog/blog-home/questions-ask-choosing-active-adult-community

Combining strong demand and lack of housing supply, the Phoenix Real Estate market is seeing multiple offers (or “bidding wars”) on many of our new listings. While our clients are glad that their new home purchases should result in immediate appreciation of the property, that feeling does not go very far in offsetting the pain of trying to win a bidding war or losing bidding wars on multiple occasions. So, here are a few thoughts on how to win a bidding war:

• Be Prepared – Do anything up front that can help prepare for fast decision-making. Getting homework items out of the way up front should also allow for better decision-making at the time of contract. Completing items such as loan prequalification with a lender, real estate disclosures, and anything else that would prevent the writing of a real estate contract, will allow your realtor more time to focus on getting and presenting your offer to purchase a property.  
• Avoid Under Priced Homes – Unfortunately, in any market there are items that are overpriced and items that are underpriced. A savvy realtor should be able to point out the overpriced and underpriced properties. With low inventory, underpriced properties inevitably end up in bidding wars. By focusing on properties priced more at the market, home buyers are likely to avoid the bidding war and get better terms in the contracts that are negotiated.   
• House Shop During the Week – In real estate, the primary time for buyers to shop for homes is Saturday and Sunday due to weekly work schedules. However, most buyers forget about that lunch break or an extra 30 minutes before or after work, where the viewing of a couple of properties is possible. Sometimes, buyers can get a hot property under contract before the weekend and before any other buyer ever sees the home. 
• Don’t Hesitate – Last but not least, when you see that great property, don’t hesitate. While one buyer is hesitating, another buyer is likely to be writing the contract. If it is a Saturday or Sunday, then there could be two buyers writing a contract. 

Maybe you are a first-time home buyer needing help understanding the logistics of your first home purchase. Or, maybe you are looking to move up to a bigger, more spacious home. We, at the Thompson Group, pride ourselves in helping you search the MLS to find that special home that will be enjoyable for years to come! Please contact us  at www.MyAZHouse.com or 602-753-0177 for your private, no-obligation consultation.