Goodyear & Phoenix Real Estate News & Market Trends

You’ll find our 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!

Aug. 27, 2018

Michelle Noel Interview with Service Hero - Days of Awesome, Celebrate Success Through Service

Michelle Noel Interview with Service Hero - Days of Awesome, Celebrate Success Through Service

 

Aug. 27, 2018

Tips to Prepping Your Home to Sell in the Goodyear & Phoenix Region

AZValleyWide Home Talk: Video Four of a Five part series on Selling Your Home.

Hi Folks!  Michelle Noel with AZ Valleywide's Home Talk Series! Your local Realtor for Homes for sale in Goodyear to Gilbert or anywhere in the Phoenix Metro Area.

Today's Home Talk Series is a continuation on our Topic of Selling your home!  In this segment I'm going to address the question:

The Condition of my Home

The Condition of my Home

 

What do I need to do to get my home ready to put on the market? But first I want to acknowledge the emotional aspect for some of us in putting a home on the market.  So many things can be going on even in just thinking about putting your home up for sale, let alone going through the some of the exercises of prepping your home to sell.  My recommendation is try and detach emotionally from the process. Trust me it’ll make your life less hectic and stressful. Yes, our home is our haven, it’s where memories were built, it’s where for some of us; our children have grown up, or maybe it was only a short term home - a short term transition home– whatever your case maybe, there will still be emotions tied to the home.  Instead of feeling overwhelmed I would suggest that your focus on the positives!  New adventures and get excited about where you are going - the journey ahead!  Hopefully this advice is the most valued in this segment.  

Here is an outline of things to do, don’t let it overwhelm you --use it as the guide its intended to be:  

Prepping to sell your home:

Planning - My first suggestion is to take a notebook and walk through your home and just make a list of everything that you think you should do to your home. There are a variety of things that may not be relevant and depending on price.  Some of the things you identify t may not even be necessary.

Partnering - Next step, CONTACT YOUR REAL ESTATE PROFESSIONAL AND LET THEM GUIDE YOU!

Review your list together! As I mentioned some of those repairs and / or fixes might not even be necessary depending on what the desired result is.  

The condition of your home is important if you are wanting to get top dollar in your asking price.

Take care of deferred maintenance items.

What is deferred maintenance?  Those are items that typically as a homeowner you would do to preserve the overall look and feel of the home.

HVAC is one example; if there is a lot of clanking going when the AC turns on- that is not good. The unit likey needs to be serviced.

Painting a home is another example.  If you are seeing excessive cracking and peeling or worn paint it’s time to get your home painted!  So you can maximize the value of your home.

Sometimes just a nice power wash/spray of the exterior of the house and driveway and the garage will give it that sparkling fresh look too and you might just be able to do some minor touch up without the expense of repainting your entire home.

Doing the repairs will go a long way to increase the value of your home and get you the top dollar for your asking price.  This is regardless if you are financially in a position to, because even if you are not able to afford it there are trade companies that can defer payment until closing on your home.  This includes roofing, painting, repairs, new carpet etc. I have personally used some of these deferred payment services when selling my home in the past; and I have had some of my clients utilize this deferred payment method.

Curb appeal - Do you have any empty flower pots?  Fill them up with colorful fresh plants! This is a lovey way to bring in an economical aesthetically pleasing fresh touch for an exterior entry both front and back!

Packing/Managing Clutter - Pack like you aren’t living there – Pack early - even though you are still living there; you need to take it down to just the essentials.  Pack everything that you know that you will not be needing for the next 60- 90 days and put it in the garage. Live minimally to avoid having your home reflect clutter.   

This is also a great opportunity to donate household items or sell them!

Cleaning - Clean your home, top to bottom!  From floor boards, blinds, cabinets, appliances, carpets, floors, even walls and windows – it makes an incredible difference. Incorporate some fresh clean scents into your home.  

Brightening - Remove your window screens you can do this and just place in the garage...this trick actually helps make the home brighter.

If you home tends to be dim and dark in the inside switch out the light bulbs to LED-daylight-bulbs!  Also helps with keeping your home temperature cooler vs the old school light bulbs.

These are just a few ideas, and hopefully will not be very stressful if you make a plan and just move forward -- but whom am I kidding I sold my home recently and it was an overwhelming process and I even do this for a living.

I have a unique background with my lending experience of 20+ yrs as well as a being a resident here in the Phoenix Market since 1995 and a realtor since 2004 in the Phoenix market.  I have been selling homes in Buckeye, Avondale, Goodyear, Gilbert, Chandler, and Scottsdale - basically the entire Phoenix Metropolitan area. Feel free to look me up on Zillow, my website and Google for any of my client’s testimonials. My team and I would love to be of assistance in helping you and/or your family with your selling of your home and your home buying needs.

Again, thank you so much for joining me on this segment of AZ Valleywide’s Home Talk Series.  

To connect with me:  www.AZValleywide.com

I hope you have an awesome day!

 

Aug. 27, 2018

What Will My Home Sell For In Goodyear/Estrella Mountain Ranch?

AZValleyWide Home Talk: Video Three of a Five part series on Selling Your Home.

Hi Folks!  Michelle Noel with AZ Valleywide's Home Talk Series! Your local Realtor for Homes for sale in Goodyear to Gilbert or anywhere in the Phoenix Metro Area.

 

Today's Home Talk Series is a continuation on our Topic of Selling your home!  In this segment I'm going to address the question:

Will My Home Sell? And for how much?

Will My Home Sell? And for how much? Some of the components to these 2 questions really center around strategically pricing your home!

 

Check out the Market Video in it I mentioned that there are expired homes on the market! Even in this hot market!

 

There are in essence 3 different ways to price your home:

1) Over price it.  Price it as though it’s a Million Dollar home, because we know we don’t want to lose out on such a hot market.  So you might be saying that you want the buyers to pay over the market value.

a. A negative in this is you miss buyers who are searching in your area for homes that are selling for a certain price point.  So you miss them entirely

b. Another negative is those buyers and/or agents who do see the home on their search are going to be comparing your home to other houses in the market and wonder why is it so high.  This will deter them from even wanting to view it.

c. And another negative is that it sits on the market longer than the norm and then when you do finally reduce the price to what is more reasonable; the market then wonders what was wrong with it.

d. The positives in this.  Maybe you set a new high price point in your area but this is unlikely.

2) Auction.  Another approach is what I call the auction;  price it super low and watch the buyers create a frenzy.

a. The negative in this is what if no one is looking at your home when it launches? You will have missed an opportunity.

b. I have seen homes that flew off the market on day one and the price per sq ft was lower than the entire subdivisions standard.   No wonder it sold in only one day. And one buyer could have been the only one making an offer.

c. This just seems to risky and it’s easier to go down on price than it is to go up after you’ve introduced it to the market.

3) Fair market value.  Another approach is identifying the fair market value of your home.

a. This takes a bit more research but is well worth it in the end.

b. This research consists of identifying like homes that are similar in square footage, amenities, bedrooms and baths, 2 vs 3 car garage etc..

It’s important to note that even a 2 story in comparison to a 1 story is calculated differently in the eyes of an appraiser.   Also, so is the location within the community.

Other things to take into consideration is the condition of the home, curb appeal – is there a ton of deferred maintenance compared to the home that there is no nicks nor dust anywhere?  These elements make and/or break a home being desired enough for someone to make an offer.

So you might be asking how to get info on similar properties.  Lots of folks like to look online and see what is going on in their neighborhood.  3rd party sites like to relay “whats your home worth” estimates but in actuality they do not take into consideration the unique features of your home nor do they take into consideration all relevant data.

I know this to be a fact that data that is being used to calculate on these 3rd party websites are on homes that may have sold several years ago or worse yet are using data from an overpriced property that isn’t even selling.  This can make for a 10-15% or more variance on what is pulling in for your home, swaying in either direction.

You want an experienced professional taking into consideration all the elements that are pertinent to your home and location in determining the value of your property.  My recommendation is that you are connect with a Real Estate Professional who understands the market and has a proven track record of selling homes in the Phoenix Market.

I have a unique background with my lending experience as well as a being a resident for many years and as a realtor here in the Phoenix market selling homes in Buckeye, Avondale, Goodyear, Gilbert, Chandler, and Scottsdale -basically the entire Phoenix Metropolitan area. My team and I would love to be of assistance in helping you with your selling and buying needs.

I hope you enjoyed this segment of the AZ Valleywide's Home Talk Series in Selling My Home.

 

Join me in the next video discussing what should I do to get my home ready to put on the market.

 

If you want to connect with me or if you want to sign up for informative market updates - connect with me on my website.  www.AZValleywide.com.  

 

Again, thank you so much for joining me on this segment of AZ Valleywide’s Home Talk Series.  This is Michelle Noel from AZ Valleywide’s Home Talk! I hope you have an awesome day!

 

April 28, 2018

Housing Market Conditions

AZValleyWide Home Talk: Video Two of a Five part series on Selling Your Home.

Hi Folks, Michelle Noel with AZ Valleywide's Home Talk Series!

Today's Home Talk Series is a continuation on our topic of selling. In this segment I'm going to discuss the main topic of Market Condition and all the elements that are associated with it.

Those elements of Market conditions include but are not limited to.... economic conditions, timing: as to when is the right time to put your home on the market, next a deeper discussion on interest rates and if there is any impact to the market, and finally is it a buyers or a seller's market?

Market Conditions

Economic Growth with major companies entering into our workforce.

Visit my website for updates and sign up for notifications on my AZ Valleywide Blog.

  • Chandler Based Company CampusLogic lands $55 million investment to continue growth.
  • Freedom Financial in Tempe set to expand its workforce by 1000
  • Cullum Homes to build 33 golf estates at Scottsdale's most exclusive golf community
  • APS partnering with a solar company with expanded growth in the West Valley

Subsequently... these and many other factors are stirring up the pot in both commercial and residential sales!

Also, rents have gone up on the residential side which is another positive indicator.

Timing

Q:  When is the right time to introduce your home to the market?

A:  The short answer is now!

Depending on price point there are time factors involved.

As of April 11 For Maricopa County for single family residence:

(excluding for this example:condo's, manufactured, land sales)

  • The average days on the market for a closed single family home in the last 30 days was 66 days.
  • The number of homes that sold in those 30 days totaled 6,457.
  • The number of homes that went under contract in that time was 4,468.
  • The new active listings in those 30 days totaled 7,917.
  • Total Homes on the Market on April 11, 2018 equals 15,100.
  • The total that are expired, withdrawn and off market - year to date thru April 11 is 6,307.

If you want more specific data for your area - connect with me at azvalleywide.com.

Did you know?  

  • In Maricopa county alone we have 44,000 licensed active agents.
  • Arizona has an impressive total of 57,771 active real estate agents.  

This is why it is so crucial to vet your agent.  So you know who you are partnering with! (I will be covering this topic in greater detail in another video: things you should consider in hiring the right agent for you.)

Interest rates

The federal reserve has been increasing the interest rate, subsequently this is affecting buying power as it does impact the person's debt to income ratios.

  • Just a .25% bump up in the rate for example on a $315k loan amount equals to an increase of $47.00 in the payment.
  • An increase of .5% then it's almost $100.00 increase in payment on a $315k loan.

If you truly are thinking about selling or buying - I highly encourage you connect with a lender. I have vetted strong competitive lenders here in the valley and by extension nationally.  I can connect you with someone who will get you the information you need on financing.

Buyer or Seller Market

This depends on location, where in the valley and price point! Predominantly though I will say it is currently a seller's market! Especially if looking at anything under $400k mark. If it's higher than that there is quite a bit more inventory.

Having the right agent is critical in exposing your home in the right way to the right audience.

Who are the buyers:  

  • entry level home buyers
  • move up buyers
  • high end buyers
  • relocation buyers
  • investment buyers

There are many factors to consider; I am happy to navigate this very exciting real estate market of ours here in Maricopa County with you.  

This concludes this segment of Market Conditions.

Join me in the next video discussing My Home will it Sell and for how much?  

Thank you so much for joining me on this segment of azvalleywide's Home Talk series - if you want to connect with me or want to sign up for informative market updates - connect with me on my website www.azvalleywide.com.

Thank you,

Michelle Noel

azvalleywide's Home Talk

I hope you have an awesome day!

 

April 28, 2018

Overview to Selling Your Home

AZValleyWide Home Talk:  Video One is an Overview of a Five part series on Selling Your Home.

Hi Folks, Michelle Noel with AZ ValleywideHome Talk!

First I want to relay why I am talking to you today! I am super passionate about educating my clients, as well as my prospective clients! And just to put it into perspective for a buyer client; I am here to support them regardless if it takes them 3 weeks or 3 years to be ready to buy their home. And yes for some it has taken that long in advising, coaching and consulting, giving guidance on anything due to timing with the market and or their financial plan:  from working to improve their credit and/or down payment.  The point is I am here to serve, to give guidance, to educate.  I love what I do and I love helping my clients. 

My experience:

  • I've been a realtor since 2004

  • I have been a lender since the late 80's. 

Yes, I still have my mortgage license which by the way is 399229.  I use it not to be a lender but to be relevant in the industry - to be strategic for my buyer clients as well as my selling clients.   

Today's Home Talk Series is on the Topic of Selling. If you are just thinking about selling your home then this set of videos are for you. 

Selling your home:  

Consider these key areas:

  • Market Conditions
  • Timing
  • Interest Rates 
  • Buyers or Seller Market

Will My Home Sell?  How Much Will My Home Sell For?

  • Pricing
  • Reviewing comparable properties
    • Can I gain insight from Zillow that is relevant to selling my home?
  • The Condition of my Home
    • What do I need to do to get my home ready to put on the market?

What is the plan for after my home sells?

  • Where to?
  • The how much will it cost?
  • The timeline
  • How to put it all together

Do I really even need an agent for the Job?

  • Pricing
  • negotiating
  • logistics

If I get an agent, who is the right one? 

  • Expert in the market place
  • Strategist
  • Negotiator
  • Exposing the right way
  • Passive Marketing or Aggressive Marketing what do you want

This concludes the overview of the Selling Your Home Segment.  Additional Videos to follow. Thank you for tuning into AZ Valleywide's HomeTalk!

Connect with me on my website www.azvalleywide.com.

Thank you,

Michelle Noel 

azvalleywide's Home Talk

July 31, 2017

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates