July 26, 2018

All Your Moving Needs In One Place! Personal Moving Concierge

Buy or sell a house with me and I will provide you access to your own

Personal Moving Concierge! 

All of the things you need for moving in one convenient place.  

 

 

 

 

Contact me today for your free phone consultation to help you get a game plan together to achieve your real estate goals!  Call or text to 623-252-9350 or email me at cinda@wvhometeam.com.

 

June 23, 2018

Buyer FAQ: How Do I Find Crime Reports and Statistics

 

Neighborhood Crime Rates and Property value

Unfortunately, crime is everywhere.  When you are ready to buy a home it is important to do some research about the area's crime rates and more since your Realtor will not be able to provide that information to you due to regulations.  Where can you find crime reports or other information about a neighborhood or city?  There are several websites that offer crime statistics, neighborhood stats, information about schools and more. 

Here are four websites that can help you research a neighborhood before you buy or sell: 

CrimeReports.com

According to their website, "CrimeReports is the nation's largest collection of law enforcement agencies committed to transparency, public access, and citizen engagement."  At CrimeReports.com, you can search over 1000 departments by name, region or zip code.  You can utilize the typical search box or you can explore areas by on a map.  

NeighborhoodScout.com

On NeighborhoodScout.com, you can "Know the neighborhood. Intimately." Before you buy a home in an area.  They provide data for future homeowners as well as investors.  They provide "Custom analytics to invest, appraise or finance real estate."  In fact, they have several tools for an investor to keep an eye on a neighborhood and pick the best one to invest in.  Investors, lenders, brokers, agents, property managers and home buyers and sellers can utilize their neighborhood data to make better decisions. 

City_Data.com

Find out the crime rate in Arizona's cities and small towns via a map search.  You can also research schools, neighborhoods, and restaurants.  This website also provides information about registered sex offenders.  

Bestplaces.net

Sperling's Best Places provides info on cost of living, schools, crime rates, and more.  Search by city, town or zip.  

 

 

Does the neighborhood participate in a Neighborhood Watch?

 

 

 

June 11, 2018

The Tax Difference in Second Homes

The Tax Difference in Second Homes

A principal residence and a second home have some similar benefits, but they have some key tax differences. A principal residence is the primary home where you live and a second home is used mainly for personal enjoyment while limiting possible rental activity to a maximum of 14 days per year.

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Under the 2017 Tax Cuts and Jobs Act, the Mortgage Interest Deduction allows a taxpayer to deduct the qualified interest on a principal residence and a second home. The interest is reduced from a maximum of $1,000,000 combined acquisition debt to a maximum of $750,000 combined acquisition debt for both the first and second homes.

Property taxes on first and second homes are deductible but limited to a combined maximum of $10,000 together with other state and local taxes paid.

The gain on a principal residence retained the exclusion of $250,000/$500,000 for single/married taxpayers meeting the requirements. Unchanged by the new tax law, the gains on second homes must be recognized when sold or disposed of.

Tax-deferred exchanges are not allowed for property used for personal purposes such as second homes. Gain on second homes owned for more than 12 months is taxed at the lower long-term capital gains rate.

This article is intended for informational purposes. Advice from a tax professional for your specific situation should be obtained prior to making a decision that can have tax implications.

June 3, 2018

Home for Sale in Desirable Litchfield Park!

Don't miss out on the opportunity to live in The Park!  Great location close to walking paths, parks, golf, The Wigwam resort, restaurants, shopping and more!  Enjoy the relaxed small town lifestyle that Old Litchfield's residents have been enjoying for generations! 

Posted in Featured Listings
April 26, 2018

2 Bedroom Plus Den Townhome in Litchfield Park!

Posted in Featured Listings
April 10, 2018

Just how hot is the Arizona housing market?

The Arizona housing market has entered the peak selling season that typically starts in April each year.  Will the pace continue in 2018? 

First, let's take a look at last year.  It was a great year for the housing market in Arizona.  Housing sales and housing prices increased.  In December of 2017, 7% more homes sold than in December of 2016.  In addition, the sales price increased 8.6% during the year.  That is a great increase for homeowners that are considering selling their home this year.  

Will the market continue to be hot in 2018?  All indications point to continued market growth.  In March of this year the average sales price was up 2.9% from February and 9.1% from March of last year.  Inventory remains low and is down 15.4% from last year yet the demand from buyers is still strong.  Limited housing inventory means properties sell faster, in fact, the average days on market in March of this year is down 4.1% from last month and 6.6% from March of 2017.  And of course, the low inventory continues to push the sales price of homes up.

The new home sales industry appears to be confident about growth, they are gearing up for a strong 2018 by purchasing new land and developing new subdivisions.  They are also filling in some of the subdivisions that were never completed.  New construction homes help offset the low inventory and provide options for buyers.  It's great for neighborhoods with vacant lots, it helps complete the community.  With the current incentives available buying a new home could be a great choice for buyers.  Often builders have move-in ready homes available for buyers that don't want to wait to build a house.  Several new home communities are selling out quickly in the West Valley.

Although prices continue to increase, competition is still fierce among buyers.  Multiple offers on properties is a common situation that today's buyer's face.  With the rising cost of renting a home, along with the rising interest rates, buyers are out in full force searching for their dream home.

If you are wanting 2018 to be the year you make a move and purchase a home then call or email me!  I help you position yourself to be a strong buyer in this hot market.  You will most likely run into competition from other buyers so it is important to have a game plan together before you start looking at homes.  It's never too early to get started.  Please contact me to schedule a phone consultation to help you make the process smoother. 

If you are looking to sell your home I'd love to schedule a phone consultation to help you determine if this is the right time for you.  If it is, I can help you get your property market ready so it shines above the competition and I can also help you bulletproof the sales transaction to ensure a successful sale of your property.   

 

Search for Goodyear, Litchfield Park, Avondale and Buckeye homes for sale.

Search for New Construction homes for sale.  

April 5, 2018

Phoenix Metro Area Real Estate Market Report March 2018

How's the real estate market in the Phoenix Metro Area?  The market is starting to gain momentum!  Here's a Market Snapshot for March 2018.  

 March 2018 Real Estate Market Snapshot Statistics

Important stats:

  • Active listings are down 3% from February and down 15.4% since last year. 
  • Pending and Sold Listings both increased from last month.   
  • The average days on market have decreased 4.1% from February. 
  • The average sales price has increased 2.9% since last month and 9.1% from 2017.

What Sellers and Buyers Need to Know

Sellers

As expected, the market is starting to pick up for our peak season. Average sales prices increased slightly after taking a dip last month.  With interest rates on the rise, the buyer pool will start to decrease.  Remember, "pretty homes" sell faster and for more money...have your home in tip-top shape to secure the best offer(s) from potential buyers.  My home selling process helps you get your home ready for the market, ask me how!  

Buyers

Active inventory hit a 5-year low last month, and multiple offers are common.  It is still considered a seller's market, so you will often get a good price or good terms but rarely both.  Be prepared to write your offer accordingly to ensure you secure the home you want!  

 

 

 

 

Posted in Market Statistics
March 29, 2018

When is the best time to sell your home in Phoenix's West Valley?

When is the best time to sell a home in Phoenix's West Valley?

In the Phoenix area, we definitely have a peak selling season. The chart below shows the average monthly housing sales over a 5 year period ending in 2017.  It provides a great visual of our selling season.



What's the best time to sell in the Phoenix Area?
It's clear from the chart that the least amount of homes are sold in January each year (and generally throughout the winter months).  Sales increase through the peak selling months of March through June. There is a distinct drop-off in sales in July. Sales gradually taper off the rest of the year with a small bump in sales in December.  This seasonal sales cycle remains the same year after year, only the actual sales numbers change.

Are You Ready?

What if you are not prepared to sell during the peak season? Does it really matter? Maybe and maybe not. Let me explain:

  1. MAYBE: More buyers can mean more competition for your home. The competition often drives up the price or at least helps you get your list price.  Generally speaking due to the number of homes that sell, this is the best time to a sell a home in Phoenix and the surrounding areas.
  2. MAYBE NOT:  In the winter months homes still sell.  In fact, there is still an average of 5,000 monthly homes that sell during this time.  So buyers are still out there looking for properties during the non-peak months.  Essentially the lower supply of competing homes on the market offsets the lower amount of buyers out looking, making it a great time for some people to sell their home.  

NOTE: housing inventory has been 20-30% lower than normal in the 24-month period from February 2016 – February 2018.

Consider this: the best time to a sell a home in Phoenix could be during the peak selling season, or it could be when it fits into your life. Things like marriages, divorces, job transfers, opportunities, retirement, or loss of income don’t wait for our traditional housing sales cycle. However, as a homeowner, you increase your odds of a quicker sale at a higher sales price during the months of March thru June, making these months the best time on paper to sell a home in our area.  Of course, there are other factors as well.  If your home is overpriced, outdated and dirty, it's going to take longer to sell 12 months out of the year.  

What others are saying about the best time to sell a home.

 

If you would like to discuss the best time for YOU to sell your house based on your current situation, please contact me. I'd love to set up a time for a phone consultation to discuss your best route.  Don't worry, you won't be hit with a high-pressure conversation about listing your house!  The point of my seller phone consultation is not to "get the listing," it is to help you determine what works best for you and your life events.  My goal is to help you get a game plan together for selling your home with the least amount of stress.  When it comes to selling your home it's important to take steps to set you up for success!  You can call or text me at 623-252-9350 or email me at Cinda@WVHomeTeam.com.  Or you can visit my Selling Your Home page and fill out a short contact form.  

BTW--If you want to take advantage of the selling season and list your property fast, contact me ASAP. I have a fast track listing program that will help you get your house ready to go and on the market quickly.  I am available by email, phone or text.   You can also fill out my Seller Questionnaire to help expedite the process.  



March 20, 2018

Experience Success! Marketing Plan for Selling Your Home

Let me help you Experience Success!!  My marketing program helps bulletproof the sale of your home!  

 

 

Call me today at 623-252-9350 to discuss how I can help you sell your home and Experience Success!  

March 5, 2018

Phoenix Metro Area Real Estate Market Report February 2018

Is the market heating up?  Is it time to make your next move?  Check out February's Market Snapshot below.

Home Buyer's Page

Home Seller's Page

Market Snapshot February 2018

 

Active listings are down slightly from last month at .7%.  Active listings are down 12.9% from last year.  Pending listings, sold listings and average days on the market have increased from last month.  The average sales price is up 7.2% from last year.  Access a full market report by clicking the image below:

What Sellers and Buyers Need to Know

Sellers:  As expected, the market is starting to pick up for our peak season. Average sales prices took a slight dip last month after hitting record highs in January. With interest rates on the rise, the buyer pool will start to decrease. Remember, “pretty homes” sell faster and for more money…have your home in tip-top shape to secure the best offer(s) from potential buyers. 

Buyers:  Inventory remains lower than usual for this time of year, and interest rates bumped up again. It is still considered a seller’s market, so you will often get a good price or good terms (concessions/contingencies), but rarely both. Be prepared to write your offer accordingly. 

Posted in Market Statistics