Because January is always such a slow month for housing sales, it makes most sense to compare January 2012 to January 2011 rather than the relatively hectic December 2011. With annual appreciation now in positive territory it is useful to examine which cities are looking strongest from that perspective. A clear pattern emerges. Most of those areas hardest hit by prices collapsing between 2005 and 2010 are the ones that have moved upwards significantly over the last 12 months.
Click Here for Arizona Real Estate Market Summary – February 2012
(Courtesy: cleartitle)
If you are planning to sell your home this year, here are the best 10 tips that will help you sell it quickly & give value:
1. Carefully, time your Selling Period
Avoid times when sales are slow, for example major public holidays, major sporting events and festivals.
2. Research the Market
It is important to find out what the competition is in your area. Ask yourself, “Who is my competition?”, “What is it going to take to sell my home?”, “How can I make my home different & appealing?”
3. Rise above emotions
Put yourself in the shoes of a potential buyer and see the house.
Homebuyers are in the market to buy your “space” not your “stuff”. How you live in your house and the way you sell your house are two different concepts. Try to see your house through the eyes of a prospective buyer.
4. Identify the Things you Love Most
Make a list. Rediscover what attracted you to your home. After you have identified these things, plan and showcase them to their best potential.
5. Declutter your Home
Your home is a reflection of you. Take the time to look at the picture you will be protraying to potential buyers. De-cluttering and minimizing will enhance the space and functionality of your home. Space does sell!
6. Fix It to Sell It
If it is broken, faded, rusty, out-dated, dripping or dying, then replace it, remove it, repaint it or restore it. No one wants to buy your maintenence problems!
7. Always Maintain Feel Good Appeal
Remember, you are “open” for business 24/7 during the market period. Potential buyers often do “drive-bys” before they will make an appointment to preview the interior. Make sure your front yard maintains an “inviting” feel.
8. Get the “WOW” Factor
You can’t change the size or location of your home, but you can highlight it’s best features. Use some home staging techniques to showcase these features. If you don’t have an eye for home decor, ask a friend or relative or your agent for some ideas and implement them.
9. Price your House Reasonably & Realistically
We can guide you in this area. If you have done your research (tip #2) you will know what the right price point is. It doesn’t matter what home values were in the past. No overpriced home will sell, no matter how good it looks.
10. Choose the Right Real Estate Agent
Interview agents that you know you can trust. Ask them about their past successes and what sets them apart from the rest. Make sure they are assertive enough to give you a realistic assessment of your home and what you can do to improve it.
If you have any questions on these tips or need more or anything related to your real estate needs, please feel free call us at 602.3302323 (or) email annadams@cox.net
With
2012 dawning on us, here are a
few predictions about how the arizona real estate market may look like in year 2012:
1. Buyers Will Return
In 2011, a lack of consumer confidence in the overall economy dramatically impacted the housing market. Buyers were afraid to make a purchasing decision on any big ticket item. By the end of 2011, consumer confidence began to return and sales increased. Economic conditions will continue to improve throughout 2012 and consumer sentiment will solidify. Once that happens, home buyers will realize that now is the time to buy.
2. Foreclosures Will Increase
The ‘shadow inventory’ of foreclosures which has been growing since late 2010 will finally be introduced to the market. Distressed properties sell at discounted prices. They will impact the housing values of the non-distressed homes in the area.
3. Prices Will Soften
As more and more foreclosures come to market, there will be greater downward pressure on the values of houses in the region. Foreclosures impact values of non-distressed properties in two ways:
They will eat up some of the buyer demand in the market.
They will impact the appraisal on ALL transactions in the area.
An increase in foreclosures will have a negative impact on values. This will cause more homes to be underwater.
4. Short Sales & Foreclosures Will Increase
As mentioned above, we strongly believe that home prices will soften through at least the first half of 2012. Falling prices will force more homeowners into a position of negative equity. Negative equity is one of the triggers that cause people to strategically default on their mortgage obligations. If this happens, there could be an increase in the number of foreclosures. However, we predict that banks will take preventative measures which will help many of these homes avoid foreclosure by easing the requirements in the short sale process for both homeowners and real estate professionals.
5. Great Agents Will Be VERY Successful
Real Estate professionals who have invested the money, time and energy to truly understand what is happening and why it is happening will separate themselves from their competition and do very well this year.
Those who take that next step of learning how to simply and effectively communicate the market to their clients will be seen as industry leaders. These experts will dominate their markets.
Call Ann Adams & Associates Realty at 602.330.2323 (or) Email annadams@cox.net for more expert advice and real estate needs..Free!
Most of the supply and demand numbers were rather boring in November. All the excitement was concentrated in the pricing action. In this, October and November have been the opposite of the previous 12 months where there were massive changes taking place in supply but not much of interest going on in pricing.
To start with, let us look at the ARMLS data across all areas and types:
Click Here for a Detailed Real Estate Market Update of Phoenix Area in the beginning of December 2011
Ahwatukee Foothills is one of the 15 villages designated by the City of Phoenix. The people who live, work and play in this thriving community share the intimacy of small town living, while enjoying the plentiful amenities of a bustling metropolis close at hand.
Ahwatukee is nestled so closely to the surrounding mountains, it gives the feel of an independent city. The village is bound by I-10 to the east along with the cities of Chandler and Tempe, to the north is South Mountain and the Gila River Indian Reservation to the west and south.
Money Magazine recognized Ahwatukee as one of America’s “Best Places to Live”.
Ahwatukee offers fine shops, boutiques and a variety of fabulous restaurants. Residents seldom have to leave the area for anything. Ahwatukee boasts large department stores, abundant grocers, health food outlets, several general retail outlets and specialty stores, movie theater megaplex, country clubs and public recreation centers.
If you enjoy the outdoors, South Mountain State Park is the largest city owned park in the country. The picturesque setting is perfect for hiking, biking or horseback riding. Outdoor sports are year round here.
Enjoy your living in Ahwatukee by getting your dream home from Ann Adams & Associates Realty
Click Here for Homes for sale in Ahwatukee (in Phoenix, Arizona)
Contact us direct at 602.330.2323 (or) Email annadams@cox.net for all your real estate needs.
Posted by admin in Ahwatukee AZ Homes, Bank Owned, Chandler AZ Homes, HOMES & BLOGS, Scottsdale AZ Homes, Short Sales, Strategic Defaults, Tempe AZ Homes 
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Because January is always such a slow month for housing sales, it makes most sense to compare January 2012 to January 2011 rather than the relatively hectic December 2011. With annual appreciation now in positive territory it is useful to examine which cities are looking strongest from that perspective. A clear pattern emerges. Most of those areas hardest hit by prices collapsing between 2005 and 2010 are the ones that have moved upwards significantly over the last 12 months.
If you are planning to sell your home this year, here are the best 10 tips that will help you sell it quickly & give value:
With 2012 dawning on us, here are a few predictions about how the arizona real estate market may look like in year 2012:
Ahwatukee Foothills is one of the 15 villages designated by the City of Phoenix. The people who live, work and play in this thriving community share the intimacy of small town living, while enjoying the plentiful amenities of a bustling metropolis close at hand.
