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Friday, November 15, 2013

2 BIG Reasons Why House Hunt Right Now in Phoenix Scottsdale

2 BIG Reasons Why House Hunt Right Now in Phoenix Scottsdale

Here's another one of my pro insider info bit.

1. Less Competition. During the time leading to and including Thanksgiving as we all get busy doing something else, there is less competition in house hunting and buying - less buyers, less multiple offers, lower likelihood of being outbid. A great time to spot and buy hidden gems;

2. Motivated Sellers. Less buyers, less interest, seller feel the pressure, and more likely to accept your offer. And generally sellers are 'more' motivated to sell before year-ends for closure as the new year is close by. And cash recoup from potential big dollar spending from Thanksgiving to the holidays.

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

2 BIG Reasons Why House Hunt Right Now in Phoenix Scottsdale

Thursday, November 14, 2013

The November Issue Of My Free Consumer Newsletter Is Now Available

The November Issue Of My Free Consumer Newsletter Is Now Available

It's about breakthrough ideas on getting the best consumer deals, helpful tips on Healthy, Wealthy, and Happy Living, thrilling trivia, great jokes and tidbits. You will also receive important resources for getting the very most enjoyment (and value!) out of your home - from me.

The best of it all, it's free!

Subscribe at no cost to the monthly postal mail version, or the email version directly at www.wildwestrealestate.us

Richard Bazinet -  Realty ONE Group - Phoenix Scottsdale Real Estate

The November Issue Of My Free Consumer Newsletter Is Now Available

Sunday, November 10, 2013

Home Values & Divorce Woes Through Real Estate

Home Values & Divorce Woes Through Real Estate

As many know, not a easy subject for most, but certainly a reality I often face in my business.  I have worked with many divorcing couples on their own, with their attorneys and sometimes the court or within the confines of a court order. My biggest advantage is that I'm not emotionally involved in the process, I'm totally independent, and I deal with it the way it is.

This is an important subject since for many divorcing couples, real estate is their single largest combined asset, and often their single largest debt by the same token. It's also a primary need of life - having a place you can call your own.  Interestingly enough, divorcing couples comprise a large market of the real estate market. In a large percentage of divorce cases, the parties are either buying  a house, selling a house or both in once swoop. Double escrows may also be in play  - so timing is crucial.

So this creates a need for a real estate professional with savvy, experience and who understands the special problems, this issues at stake, where and how disagreements may occur, property valuations, laws that govern the dissolution of a marriage, and how the real estate portion of it gets through this process, thus avoiding misunderstandings and pitfalls common in a divorce. And one who can work with the attorneys as well, if any, and the court when applicable.

Often, new opportunities are created during the process when there is planning ahead of time, or planning after the fact, as non-emotional opportunities might occur for the parties if and when this is well orchestrated and treated more like a business transaction. So forget 'til-death-do-us-part". 

As real estate values have risen considerably in Phoenix Scottsdale, so have many unhappy couples calling it quits - which means the start-over-cash-out of houses for their maximum value or that might have been underwater on the mortgage loan. So now, for the better, for worse - or at least until the house can sell for a profit.

Richard Bazinet -  Realty ONE Group - Phoenix Scottsdale Real Estate

Home Values & Divorce Woes Through Real Estate

Wednesday, November 6, 2013

Should I Fix Up My Home Before Selling It?

Should I Fix Up My Home Before Selling It?


Here's an old-age question and one that my new clients often ask. And the answer is, it depends. The best approach is always to ask me first for the insider knowledge and experience about the particular condition of your property - so I may assess it for what you need to do, and what you don't need to do to maximize the sales price, create buyer interest, and a sale.

I can help you prevent making a serious mistake when it comes to selling.

So if your house you want to list needs a new roof, deck, HVAC unit, septic system, pool, and other structural defects, that are costly to fix, you'll need to take care of it 'before' you list it for sale if you can, because 1. you'll have to disclose them and 2. these items will come up at home inspection time, and you may get countered to fix them before close of escrow, or reduce your price considerably.

If you cannot take care of those items before you sell your house, then it will need to be priced accordingly.

It is easier to sell a house that is attractive to potential buyers, which means that you spend a little bit of time and money on cosmetics. And to have to make sure the house is clean, the yard is neat, the driveway is swept, bushes pruned, loose shingles or tiles fixed, front door clean and fresh, exterior paint even and so on. This is called the 'marketability' of the house.

Every house has defects, some obvious, some hidden. Both affect the price the buyer is willing to pay. Never assume that the defects that cannot be seen won't be found by a home inspector. In fact, a home inspection, for the seller, is the hard way discovery when the buyer uses the home inspector's report to drive down the price. Buyer inspections are designed in such a way to provide bargaining ammunition for the buyer by exposing everything that is wrong or might go wrong - sometimes every little thing.

So, here's where the rubber meets the pavement. Facing up to the issues. Do you fix prior to listing for sale, or price the house accordingly? Here's the deal, potential buyers will almost always over-estimate the cost. So the question is something like this - if I fix this or that for lets say $15,000, it is worth $20,000 on the market? I ma not kidding when I say I took properties worth $180,000 on the market, added $20,000 worth of repairs and remodeling, and re-priced it $50,000 more. Same for a $800,000 property, you can add $50,000 worth of repairs for an additional $100,000 on the sales price.

And then you have to take into account that if you 'don't' fix before listing it, you eliminate a lot of buyers that just don't have the cash to do a fix up 'after' the sale since their cash went to down payment. 

But sometimes, some repairs, or remodeling, just does not add up. Why I mentioned that it depends. We call this: repairs beyond the marketable value of the house.

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

Should I Fix Up My Home Before Selling It?