The Phoenix Valley market is beginning to show signs of a slight slow down going into 4th Quarter. This month’s median sales price is 7.4% higher than the same time last year. The median sales price is a bit less than the last previous two months (August (8.6%) and September (8.3%)). We are also seeing a slight change in more listings for sale, less homes going under contract than the previous month. This is normal for the last quarter of the year.
Inheriting a property can come as a shock and may feel like an insurmountable obstacle. In the wake of a family tragedy or death, being the executor of an estate can be especially challenging. And the biggest asset in an estate—and the most difficult to resolve—is usually a house.
Here’s a list of important decisions an executor may face when a house is part of an inheritance
To Contact Rudy Benitez, please visit his website: https://rudybenitez.annie-mac.com/
“Is this a good time to be selling a home?” is a very common question that real estate agents are asked.
For the Phoenix Valley, our busiest buying season starts in January as our winter visitors arrive. With this in mind, winter visitors begin arriving in September and the market slows again around Thanksgiving through the new year. By mid- January through May, we will have the highest number of buyers shopping for a home. So when is it a good time to sell? This Full ARTICLE explains how the slower times of the year will also have benefits to a Seller listing their home for sale.
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Today’s affordability pressures are holding back the most eager would-be home buyers. In a recent study by CoreLogic and RTI Research, young millennial renters under the age of 29 are the most enthusiastic demographic wanting to purchase a home in the next 12 months. However, one-third of millennial renters said they can’t afford the downpayment required to do so.
If the down payment is your potential clients’ biggest hurdle to buying, share some tips with them on how to meet their savings goals. Full Article
The Phoenix Valley homes continues to increase in value due to the low inventory of homes available for sale (Available homes for sale are down 9.6% from last year). This month’s median sales price is 8.3% higher than the same time last year.
Helpful video to prepare you for the unexpected.
With #1, they reference seller’s unpaid water bills. In the City of Maricopa, we have seen seller-side issues with unpaid HOA dues, delinquent property taxes, or other unpaid expenses that the seller is responsible to pay at closing. Escrow is responsible for notifying all parties of any unusual/outstanding liens on the premises.