Phoenix Metro Real Estate and Community News

You’ll find the Thompson Group blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Sept. 14, 2020

Best Home Renovations for Raising Sales Price

Beautiful landscapingHave you been out to see the builder model homes lately? You may notice that builders load tons of upgrades into the model homes. The builders know that the look and feel of the home is super important to the buyer and if they get the buyer’s excited about the possibilities, then it will lead to more sales. As a homeowner and a potential seller someday down the road, getting the buyers excited about your home will lead to a higher sales price! If you make a few upgrades to your home now, you will also get to enjoy the changes before you move. Now, don’t overspend on your improvements, but here are a few that can make a huge difference when you sell.

  • Kitchen – The kitchen is where improvements go a very long way. New cabinets, countertops, and appliances will add a lot of value. Don’t feel like you need to turn your kitchen into a gourmet kitchen! There are a lot of ways you can update your kitchen to the current trends and stay on a budget. Keep in mind that giving your kitchen a cohesive contemporary look is the best way to add value to your home. 
  • Landscaping – If your yard is feeling more like a jungle or desert than a place where kids would like to play, then it might be time to make a few changes! Whether you like desert landscaping or something a little greener, color and cleanliness is the key. Buyers are always looking for a yard that is well kept, but that will also be fun to hang out in after work. Putting in a handful of plants will go a long way to dressing up your front or back yard. If a buyer can picture outdoor living and nightly barbecues, then you are on the right track
  • Flooring – Updating your flooring is a great way to get a completely new feel throughout your home. New carpet, new tile floors or hardwood floors can make a home feel newer and it will appeal to younger buyers.
  • Paint - Without a doubt, a new coat of paint on the walls goes a long way to refreshing a home. Stay away from colors that are too bold and stick with colors that are more neutral. Earth tones and two-tone paint styles are the trend lately and appeal to younger buyers.  
  • Bathrooms – In bigger homes, the master bathroom is a great area to look at spending more of your upgrade budget. However, in smaller homes, it can be hard to get your upgrade dollars back in bathroom remodels. As you look at remodeling your bathrooms, light and water fixtures are a great way to spruce up the area without overspending.  

Do you want to learn more about this subject or other ways to get the most money from your sell? Contact us at (602) 753-0177 or www.MyAZHouse.com

 

Posted in Home Selling
Aug. 10, 2020

Will Your Next Move Be To Chandler?

Posted in Market Updates
Aug. 10, 2020

Pricing Considerations for a Successful Home Sale

Pricing a home correctly is defined as pricing a home in a price range of comparable other homes sold in the last 3 to 6 months. A home priced more than 5% under the lowest sale, may be considered under priced. A home priced more than 5% above the highest sale, may be considered overpriced.   

In considering a list price, you might want to consider:

  • Appraisal - What is the highest potential appraisal value of my home? One of the main reasons to price a home correctly is to avoid appraisal issues. Even when a seller sells a home above the market value, if the lender’s appraiser will not support the sales price value, the home will only close at a price the appraiser will support.
  • Comparative Market Analysis - Most real estate agents can perform a Comparative Market Analysis (CMA) when a current appraisal is not available. A comparative market analysis should give an accurate idea of how your home stacks up against comparable sales within a mile radius of your home. All comparable sales used should be no older than 6 months to give a correct approximation of the current market.
  • Pending Home Sales - Pending listings or homes that are currently under contract waiting to close escrow, may indicate where the market is headed. If pending properties are selling for less than previous closings, then the market is declining. If pending properties are higher than previous sales, then the market is appreciating.
  • Active Home Sales – How many homes are active in the MLS in your area? This is important, because this is a list of your competition, who is seeking to steal your buyer! The winner gets to move, and the loser gets to wait for the next buyer.
  • Location, Conditions, and Terms - Keep in mind that if your home has issues in any of these areas, buyers will want a discount the price to deal with the issue. If you are able to fix the issue up front, your home is much more likely to return market value and to sell quicker!

Do you want to learn more about this or other ways to get the most money from your sell? 

Contact us at (602)753-0177 or www.MyAZHouse.com

 

Posted in Selling Your Home
Aug. 9, 2020

Benefits of Selling Now!

Recent data shows two things:

1. Homebuyers are rapidly returning to the housing market this summer.

2. Available home inventory cannot keep up with homebuyer demand.

DM or call me at 602-753-0177 to explore your options as a homebuyer, or to learn more about how selling now can make your house rise to the top of the pool for buyers.

#supplyanddemand #sellyourhouse #moveuphome #dreamhome #realestate #homeownership #realestategoals #realestatetips #realestatelife #realestatenews #newlisting #homeforsale #realestatetipsoftheday

Posted in Selling Your Home
Aug. 4, 2020

Real Estate is a Top Investment

For the 7th year running, Americans have ranked real estate as a top long-term investment. Let's connect to discuss your real estate plans for this year.

 

Posted in Real Estate News
Aug. 1, 2020

Live in the heart of Phoenix East Valley

No matter what part of the valley you’re looking to move to, we can help! Call us at 602-753-0177

Posted in Buying a Home
July 29, 2020

Top Reasons To Own A Home

There are many financial and non-financial benefits to owning a home. Let’s connect to put your homeownership plans in motion this year.

 

Posted in Real Estate News
July 27, 2020

Buyers are ready to enter the market!

More and more data points show that buyers are ready to enter the market this summer. Call me at 602-753-0177 to discuss why high homebuyer demand puts potential sellers in a great position to make a move this season. 

 

#realestate #mortgage #expertanswers #stayinformed #staycurrent #powerfuldecisions #confidentdecisions #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestatetipsandadvice

Posted in Home Selling
July 25, 2020

June 2020 Market Report

For those who want to know what’s going on behind the scenes. Here is the market report for June 2020. It’s actually better than originally anticipated.

 

Posted in Market Updates
July 21, 2020

Mortgage rates hit a record low!

If you’re in a position to buy a home, this summer is a great time to make it happen. Historically low mortgage rates are driving affordability for homebuyers right now. Call me at (602) 753-0177 if you have questions about how to begin the homebuying process.


#mortgagerates #FreddieMac #buyingahome #firsttimehomebuyer #opportunity #housingmarket #househunting #newlisting #homeforsale #renovated #starterhome #dreamhome #curbappeal

Posted in Real Estate News