luxury valley homes: Staging Impact On Homes | It Does Affect Home Sales Price – Luxury Valley Homes - 01/14/18 02:04 PM
Staging impact on homes - The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging.
50% of staged homes saw a 1-10% increase in dollar value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own. The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room. 93% Believe homeownership is important in attaining the American dream.
Staging Impact On HomesHomeownership is NOT just about the money. In fact, some of the … (1 comments)

luxury valley homes: Buying Remains Cheaper Than Renting in 39 States! - 10/20/17 01:00 PM
In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.
The updated numbers show that the range is an average of 3.5% less expensive in San Jose (CA), all the way up to 50.1% less expensive in Baton Rouge (LA), and 33.1% nationwide!
A study by GoBankingRates looked at the cost of renting vs. owning a home at the state level and concluded that in 39 states, it is actually ‘a little’ or ‘a lot’ cheaper to own (represented by the two … (4 comments)

luxury valley homes: Hiring Agents: Selling Your House May Cost You NOTHING! – LuxuryValleyHomes.com - 10/19/17 01:40 PM
Hiring Agents - There is no doubt that it is easier to sell your house when using the services of a local real estate professional. The agent will provide:
Greater exposure to more buyers The skills of a professional negotiator A layer of protection from possible legal liabilities Professional guidance in navigating any pitfalls that may arise A level of safety while showing the home There is no doubt that these services are valuable to any family that decides to sell. The only question is – how valuable? One of the main reasons For Sale By Owners (FSBOs) don’t use a … (3 comments)

luxury valley homes: Thinking Selling? You Should Do It TODAY! - LuxuryValleyHomes.com AZ - 10/16/17 01:29 PM
Thinking selling? - That headline might be a little aggressive; however, as August 2017’s housing market data begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME TODAY!
In a recent article by CBS News, they explained that the number of existing home sales is shrinking, and Lawrence Yun, Chief Economist for the National Association of Realtors, (NAR)said:“There should be 3 million homes on the market right now…Yet, there are only 1.9 million.”And this situation will be affected greatly by recent natural disasters. Yun continued by saying:“Before the hurricanes I would have predicted … (2 comments)

luxury valley homes: Homeowners Net Worth 44 x Greater than Renters - 10/12/17 02:21 PM
Homeowners net worth - Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released a few days ago. The study revealed that the 2016 median net worth of homeowners was $231,400 - a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013). These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.Homeowners Net Worth Owning a home is a great way … (0 comments)

luxury valley homes: Real Estate Team: What To Look For In Your Team – LuxuryValleyHomes.com - 09/29/17 01:08 PM
Real estate team - How do you select the members of your team who are going to help you make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender?   The most important characteristic that you should be looking for in your agent is someone who is going to take the time to really educate you on the choices available to you and your ability to buy in today’s market. As Dave Ramsey, the financial guru, advises:“When getting help with money, whether it’s insurance, … (0 comments)

luxury valley homes: Selling Your Home – Maximize Your Return | LuxuryValleyHomes.com - 09/25/17 12:48 PM
Selling Your Home - Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house?
Here are two keys to ensure that you get the highest price possible.
1. Price it a LITTLE LOWThis may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below). 
Selling Your HomeInstead of the seller trying to … (2 comments)

luxury valley homes: Fall Inventory Slows: Study Shows Lack of Existing Home Inventory - 09/22/17 02:53 PM
Fall Inventory Slows - There is no doubt that the largest challenge in today’s housing market is a lack of housing inventory for sale. This challenge has been defined as an “overwhelming lack of supply,” and even a “straight up inventory crisis.”   First American just released the results of a survey which sheds light on the reasons for the current lack of supply.   The survey asked title agents and real estate professionals to identify what they believe are the top reasons for this lack of inventory in their markets. Here are the results of the survey:   Fall Inventory … (0 comments)

luxury valley homes: Report: Homeownership Is a Precondition of the American Dream - 09/17/17 02:50 PM
Report - Hearth just released their 2017 State of the American Dream report which showed that Americans still see homeownership as an integral piece of the American Dream. The report confirmed that “all generations–including millennials–agree homeownership is very important to achieving the American Dream.”
Americans ranked “owning a home I love” higher than any other options (including “starting a family” and “finding a fulfilling career”) as an important part of the American Dream.
Despite some claims that homeownership’s importance to the American Dream is in decline, the report found that the dream of homeownership remains strong.
Of Americans who said they think achieving the American … (0 comments)

luxury valley homes: Why Millennials Choose to Buy | LuxuryValleyHomes.com - 09/15/17 03:11 PM
Why Millennials Choose to Buy“The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”The top reason millennials choose to buy is to have control over their living space, at 93%.
Many millennials who rent a home or apartment prior to buying their own homes dream of the day that they will be able to paint the walls whatever color they'd like, or renovate an outdated part of their living space.
Below is … (0 comments)

luxury valley homes: Want to Keep up with the Joneses? Now's the Time - 09/10/17 10:50 AM
Joneses - Want to keep up? - Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings? Are you wondering what it would take to start living your dream life? Market conditions around the country have presented an opportunity like no other for those who are looking to make the jump to a premium or luxury home.Joneses - Want to Keep Up?The National Association of Realtors reports that national inventory levels are now at a 4.3-month supply. A normal market, where prices appreciate with inflation, has 6-7-months inventory. The … (0 comments)

luxury valley homes: Study: FSBOs Don’t Save Real Estate Commission | LuxuryValleyHomes.com - 09/09/17 01:01 PM
Study - FSBOs Produce No Savings
One of the main reasons why For Sale By Owners (FSBOs) don’t use a real estate agent is because they believe they will save the commission an agent charges for getting their house on the market and selling it. A new study by Collateral Analytics, however, reveals that FSBOs don’t actually save anything, and in some cases may be costing themselves more, by not listing with an agent.
In the study, they analyzed home sales in a variety of markets in 2016 and the first half of 2017. The data showed that:
“FSBOs tend to sell for lower … (4 comments)

luxury valley homes: Homeowners: Do You Know Your Home’s Value? - LuxuryValleyHomes.com - 09/06/17 02:16 PM
Homeowners - The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline,“National Home Prices Now 50% Above March 2011 Bottom”The real estate market has come a long way since 2011, which is great news for homeowners!HomeownersNearly 79% of homeowners with a mortgage in the US now have significant equity in their homes (defined as over 20%), according to the latest Equity Report. The challenge is that not every homeowner knows how much their home’s value has appreciated. Homeowners in Denver, … (0 comments)

luxury valley homes: 14,904 Homes Sold Yesterday… Did Yours? - 09/04/17 12:29 PM
There are some homeowners who are patiently waiting to get the price they hoped for when they originally listed their houses for sale. Something these homeowners might want to take into consideration is the fact that if their homes haven’t sold yet, maybe they’re not priced properly.
14,904 Homes Sold Yesterday 14,904 will sell today, and 14,904 will sell tomorrow.  14,904! This is the average number of homes that sell each and every day in this country, according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales are at an annual rate of 5.44 million. … (1 comments)

luxury valley homes: Home Prices Released in August by the Federal Housing Agency - 08/31/17 03:35 PM
Home PricesReleased in August by the Federal Housing Agency (FHFA) 
Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more! Alaska & West Virginia were the only states where home prices are lower than they were last year. Readers also liked the article that follows:
  Millennial homeownership rate increases - Recent headlines exclaimed the homeownership rate, as reported by the … (1 comments)

luxury valley homes: 93.9% Of Homes in The US Have Positive Equity | WinfieldEstates.com - 08/09/17 02:16 PM
93.9% Of Homes in The US Have Positive Equity CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in Q1 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year.
The study also revealed that: Roughly 63% of all homeowners have seen their equity increase since Q1 2016 The average homeowner gained about $14,000 in equity between Q1 2016 and Q1 2017 Only 1.6% of residential properties are near-negative equity Below is a map showing the percentage of homes with a mortgage, in each state, … (0 comments)

luxury valley homes: Housing Inventory Hits 30-Year Low | Scottsdale Real Estate AZ - 08/09/17 01:55 PM
Housing Inventory Hits 30-Year Low Spring is traditionally the busiest season for real estate. Buyers, experiencing cabin fever all winter, emerge like flowers through the snow in search of their dream home. Homeowners, in preparation for the increased demand, are enticed to list their house for sale and move on to the home that will better fit their needs.
New data from CoreLogic shows that even though buyers came out in force, as predicted, homeowners did not make the jump to list their home in the second quarter of this year. Frank Nothaft, Chief Economist for CoreLogic had this to say,
… (0 comments)

luxury valley homes: 20 Tips for Preparing Your House for Sale - 08/04/17 01:04 PM

Some Highlights:
When listing your house for sale your top goal will be to get the home sold for the best price possible!There are many small projects that you can do to ensure this happens!Your real estate agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help! 
Available Properties: Scottsdale Real Estate Arizona | Luxury Valley Homes Jeff and Jane Daley started their careers in real estate after taking early retirement from the corporate world in October of 1999. Their success is achieved by way of … (1 comments)

luxury valley homes: Buyers Market Helps Premium Home Sales Soar - 06/28/17 10:52 AM
Buyers Market - We previously reported how a shortage of inventory in the starter and trade-up home markets is driving prices up and causing bidding wars, creating a true seller’s market. At the same time, in the premium home market, an over-abundance of inventory has started to see prices come down and put buyers in the driver’s seat, creating the beginning of a buyer’s market. Last week, the National Association of Realtors released their Existing Home Sales Report which shed some additional light on the impact of inventory levels on sales in each price range. The chart below shows the year-over-year … (1 comments)

luxury valley homes: Two Myths Holding Back Home Buyers | Scottsdale Real Estate Arizona - 06/26/17 01:26 PM
Two Myths Holding Back Home Buyers - In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try.”
Myth #1: “I Need a 20% Down Payment”
Buyers overestimate the down payment funds needed to qualify for a home loan. According to the First Quarter 2017 Homeownership Program Index (HPI) from Down Payment Resource, saving for a down payment was the barrier that kept 70% of renters from buying.
Rob Chrane, CEO of Down Payment Resource had this to say,
“There … (0 comments)

 
SUBSCRIBE TO OUR BLOG BY WAY OF EMAIL

Enter your email address:

Delivered by FeedBurner



Listings

Links

Archives

RSS 2.0 Feed for this blog