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selling a home: 2010 Yearly Sales Summary, Sun City AZ Real Estate - 01/05/11 11:24 AM
This is it, the end of 2010 and the bigging of 2011.
The following table shows the year to date sales of real estate by agents during 2010.
To paraphrase Charles Dickens, It was NOT the best of times, it was NOT the worst of times.
The biggest factor this year for both selling price and days on the market is single family homes are much more desireable to today's buyer. In past years condos and houses sold at roughly equal numbers, and just a few dollars difference in price per square foot. Days on the market also verify this preference
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selling a home: TIPS FOR SELLING A HOME IN SUN CITY ARIZONA - 11/10/10 03:19 PM
8 TIPS FOR SELLING A HOME IN SUN CITY ARIZONA
Tip 1 for selling a home in Sun City Arizona: It has been said before, and will be said again, SELECT YOUR AGENT! This agent should SPECIALIZE in selling homes in the Sun City Arizona market. Why? All real estate is local and a local agent can help you reach the buyers who are looking for homes in YOUR neighborhood.
Tip 2 for selling a home in Sun City Arizona: Discuss your home selling goals with your agent, and listen carefully to the agent's recommendations. The agent should help you arrive … (2 comments)
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selling a home: I Answer My Phone, Part Deux! RANT!@ - 09/19/10 12:25 PM
On September 14th, I wrote a post about answering the phone as a Real Estate Agent in Sun City. You can read it here.
Today, September 19th, two more posts on the same subject were featured. You can read them here, and here.
Obviously, the sage continues and will be an issue for a good long time. I can almost understand the agents who are foreclosure specialists. They often have large listing inventories and are required to check the condition, organize and pay for the needed repairs and maintenance, and manage a huge flow of paper. I do wish these agents … (5 comments)
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selling a home: I Answer My Phone! - 09/14/10 01:31 PM
Why is it important for me to tell you about this?
I got a phone call yesterday from a prospective buyer. We talked about his needs, I set him up to search the MLS on ListingBook, answered his questions about homes in Sun City AZ. He then said " I called 6 agents over the weekend, none answered and none have returned my call". REALLY?
If you are looking for an agent to help you buy or sell a home in Arizona's Sun Cities, call me, I'll answer!
I have survived in this business since 1998, I'm still here, … (5 comments)
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selling a home: A Few Myths about Short Sales in Arizona - 07/29/10 03:15 PM
I can short sell my home with no cost. Not necessarily. Though Arizona has an anti-deficiency statute, it my not be applicable to your situation. I am concerned about this one since many agents will make the statement that there will be no cost to you. Short Sales don't work! Again, not necessarily. Since April, most lenders have begun applying Treasury Department guidelines to short sale/ loan modification requests. There has been a great deal of improvement in the handling of short sale processing, but plenty of room for improvement. Buyers won't buy a short sale. Not true, the demand for … (2 comments)
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selling a home: A Seller's Short Sale Advisory. - 02/08/10 01:11 PM
DISCLOSURE: The material discussed here applies in the State of Arizona. Other states have other rules.
The Arizona Association of REALTORS® and the Arizona Department of Real Estate have compiled a booklet of advise for sellers who may be considering a short sale in the state of Arizona.
The booklet includes things to consider before doing a short sale, how to avoid mortgage scams, HUD counselling, helpline services, other options to a short sale, and much, much more.
You can read it or download it here. You will need Adobe Reader or equivalent for this document.
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selling a home: Today's Good News - 01/29/10 07:49 PM
Just a couple of nice items in today's news.
Fourth quarter GDP up 5.7%, highest improvement in six years. Let us hope it continues.
Meritage and Lennar have both announced grand openings on NEW developments in the Phoenix area for tomorrow. 1/30/2010. This is HUGE to me. New home building means JOBS.
In my Sun City Neighborhood, I have personally had several of the best open houses since 2000. I have said for a couple of years that there was a pent-up demand building, and it seems that it may be starting to buy.
I look forward to doing my market … (0 comments)
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selling a home: What I Do For A Living - 01/27/10 02:14 PM
I just posted a list of 180 items that a real estate agent does for clients. By no means is this an exclusive list, but it will give buyers and sellers of homes an idea just how complex real estate is.
If you are considering buying or selling a home in today's market, give this a read. If you are considering buying or selling a home in the Sun City Neighborhood of Arizona, Give me a call.
View it here.
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selling a home: Introducing a New Service for Buyers and Sellers - 01/25/10 11:50 AM
Search the MLS almost like an agent!
Do you, like many people, want to do your own home search? I am introducing a new website, Suncityhomes.listingbook.com.
I will allow access, respect your privacy (no email spam from me), remove you from any and all mailings immediately upon your request with no argument or hassles. How much better can that be?
Home Buyers, you get to control all of your initial property search. Who would know better than your what suits you?
Home Sellers, you can get immediate information on properties that are in competition with yours. Make an informed decision with … (1 comments)
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selling a home: 2009 Sun City Year End Market Report - 01/02/10 08:31 PM
Here is the year end summary for the Sun City AZ real estate market. As you can see, homes and condos are selling, with an average time on the market of 167 Days on the Market (DOM).
Looking deeper, you can see that houses sell faster than condos, 50 Days faster in fact.
Houses also sell for $15 per square foot more. Obviously, the market is valuing houses much more than condos.
We are now going into our prime selling season, since Sun City is an active adult retirement community. As I posted yesterday, activity by buyers is … (2 comments)
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selling a home: DID YOU KNOW? - 12/10/09 10:19 AM
In the words of Bob Dylan, "the times, they are a changing".
Sony created this you tube presentation about the rapid change in our world today. It is almost frightening in its scope. Little factoids such as CHINA is soon to have the largest ENGLISH speaking population in the world. INDIA has more honors students than the US has children.
Technology is changing so fast that subject matter a college student learns as a freshman is OUTDATED by the time he is a junior.
Does this apply to real estate? You bet.
We no longer rely on the daily newspaper to … (5 comments)
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selling a home: Real Estate Licensing Requirements May Change in Arizona - 11/11/09 10:42 AM
The Arizona Commissioner of Real Estate has proposed some long needed changes.
A new licensee will have to complete 15 hours of additional course work PLUS the increased 30 hours of continuing education within the 2 year period of their provisional license. (This is currently 24 hours) All licensees will be required to complete 30 hours of continuing, and increase of 6 hours from the current requirement. New categories will be added to the curriculum. Proposed categories include things like "Commissioner's Hot Topics, allowing the commissioner to react to changes. A good example of that would be Short Sales. Just 2 … (3 comments)
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selling a home: Senate and House Have Approved Extending the First Time Buyer Credit - 11/05/09 01:59 PM
11/05/2009 12:55 PM MSt
This just in, the Senate and the House have approved an extension to the First-Time Buyer tax credit. They included a $6500 credit for move up buyers. The bill hasn't been signed by the President yet. I'm betting he will sign as soon as it hits his desk. The bill was a rider on the extension of the unemployment benefits.
More to follow as details emerge.
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selling a home: Why you should use a LOCAL Real Estate agent. - 10/30/09 01:20 PM
This notice was sent to all agents who subscribe to the Arizona Regional MLS.
SCAM ALERT: Check Your Vacant Listings A recent scam reported to ARMLS® involves tenants moving into a pending short sale listing. The surprised listing agent contacted the owner who had not rented the property to anyone. The tenants (two women with two children) were physically moving in and had turned on utilities in their name. The sign and the lock box were removed, and all locks were re-keyed. The tenants responded to a For Rent sign in the yard. They gave someone $1,800 as rent and signed … (1 comments)
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selling a home: News of Note! - 10/30/09 12:37 PM
The U.S. Senate has TENATIVELY agreed to extend the home buyer tax credit. If the measure passes it will include a broader credit. More people will benefit. This measure, while hoped for, is NOT yet approved. Write your congressman folks.
The House of Representatives in now looking at the Home Valuation Code of Conduct. This ill-conceived rule has been the cause of additional costs to home buyers, and inadequate appraisals. These have caused many sales to fail, costing sellers equity dollars.
Another House committee is probing predatory practices used by some in the mortgage industry. The intent is to see if … (1 comments)
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selling a home: Do Houses Sell Faster Than Condominiums in Sun City AZ? - 10/29/09 01:59 PM
I finally got around to evaluating the Sun City Market by housing type. ie Single Family vs Condominium. I used six weeks of MLS data for this. (9/1/09-10/14/09)
I have long felt that the single family home is more desirable to most of the buyers who come to Sun City, but have never done the analysis required to prove it.
As you can see from the following spreadsheet, homes sell one third faster than condos. The lesson, if you are a buyer, and want to buy a home, you must make up your mind quickly as more snowbirds will be here … (0 comments)
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selling a home: January through September Sun City Market Report - 10/29/09 01:55 PM
And, The Numbers For September Are: Active Listings as of 10/1/09 689 Average List Price $135,500 79 homes sold Absorption Rate 9 months Number of Single Family Homes for Sale 357 Number of Condos for Sale 332 Average Days on the Market 135 The Sales prices ranged from $46,900 to $470,000 with an average of $125,484. This represents an average price per square foot of $81.98.
The Year to Date Sales Are: Total Number of Homes Sold 1/1/09-10/1/09 799 Number of Single Family Homes Sold 1/1/09-10/1/09 457 List Price/Sold Price of Single Family Homes $148,913/$138,454 Number of Condo Style Homes Sold … (0 comments)
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selling a home: Home sellers: how you can pay your agent less commission, or none at all - 10/28/09 11:04 AM
Mike Carlier, an agent in Minnesota, just wrote the following blog post. ALL sellers should read this one. It is a great how to on NOT getting your house sold.
The only thing I could add would be: Make sure your agent does not live or work anywhere near your home. That way he/she won't know anything about your neighborhood. This is a real problem for sellers in the Phoenix marketing area. I see listings sit for a year or more, most often listed by agents 2 area codes away.
JIM LITTLE, Your Sun City Neighborhood Realtor
Via Mike … (1 comments)
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selling a home: Short Sale in Arizona, Part 1 - 10/21/09 09:29 PM
To Quote Lenn Harley
* * * * HARD CORE REAL ESTATE TALK AHEAD* * * *
No day goes by that I don't see real estate agents advertise something like, "I can short sell your home at no cost to you". This leads many distressed sellers who are upside down on their home, or who have suffered some catastrophic financial setback to believe that they can be relieved of their mortgage obligation with no cash to the deal.
Both of these are dangerous assumptions. Nobody can make the claim there will be no cost to you before a complete pre-short … (3 comments)
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selling a home: Sun City Market Report, 3rd Quarter 2009, A Different Look - 10/14/09 02:50 PM
Yesterday, I finally got around to evaluating the Sun City Market by housing type. ie Single Family vs Condominium. I used the last six weeks of MLS data for this. (9/1/09-10/14/09)
I have long felt that the single family home is more desirable to most of the buyers who come to Sun City, but have never done the analysis required to prove it.
As you can see from the following spreadsheet, homes sell one third faster than condos. The lesson, if you are a buyer, and want to buy a home, you must make up your mind quickly as more snowbirds … (0 comments)
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Jim Little, Your Sun City Arizona Realtor
Sun City,
AZ
More about me…
Ken Meade Realty
Address: 17001 N. Del Webb Blvd, Enter your address line 2 here, Sun City, AZ, 85373
Office Phone: (623) 977-1776
Cell Phone: (623) 521-6768
Email Me
My comments and opinions for the northwest Maricopa county and the Adult communities there. Specializing in Del Webb's Sun City, Sun City West, and Sun City Grand, and the neighboring communities of Surprise, El Mirage, Peoria and Glendale Arizona
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