Those Guys Real Estate News, Market Trends & More

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about our community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

July 7, 2019

Happy Independence Day

America. This week we celebrated Independence Day! The 4th of July is one of our all - time favorite holidays, so forgive us if this post finds us a bit on the sentimental side.

As we talked about and planned for the holiday our topics were of pie, BBQ, family, friends, and of course fireworks. Ah, fireworks. As we perused social media it was full of concerned pet owners and the effects fireworks can have on them. We both have dogs, Jamison and Sadie and yes, just as many other pets, they don’t love the splendor of the fireworks. But we get it, Fireworks are part of the tradition of this holiday that celebrates this country that we love. So, we planned accordingly. We hope all your fur babies also had a safe 4th night!

Then there’s the pie! I don’t know about you, but for us, pie is definitely part of our traditions for the 4th of July. We made Alaskan Berry Pie. Don’t worry, there will be pictures! Posted to social media of course, so you’ll have to check back for the juicy details there. Ha! Like what we did there? “Juicy…” get it?!

There are many more traditions and we all celebrate in our own ways. Celebration and tradition can be personal, and they can be part of a community. We love our Country, Our State, Our Communities. You may not know this about Chris, but among his many talents is a love for wood working. He has made many American flags out of wood over the years. He displays one in his house and has given them as gifts. We’ll post a picture of him holding one on our site,  Chris – partner and one of “Those Guys!” If you didn’t already know, usually where there’s Chris, there is Derek! Derek is a partner and the other of “Those Guys!” He is a semi-pro at his meat smoker and has an eye for metal work. We also have a picture of him with a select metal piece of art he had commissioned, that of our great State of Arizona! Of course, we'll post that too!

We hope you and yours had a safe and happy 4th of July, we sure did!

We don’t want to get too long and too sappy, so we’ll sign off for now and we’ll pick back up another day with more to say!

Don’t forget to check out our pics on social media!

~Those Guys aka Chris and Derek

Posted in Market Updates, Sellers
May 1, 2019

Home Pricing

Pricing for Selling Success

You’ve made the decision to sell your home. For most families, this is the largest financial transaction they will ever  embark upon. The very first question that is always top of mind is “How much is my home worth?”. A better question would be “How much could my home sell for?”. The difference in these two questions may seem imperceptible, but they are farther apart than Gilbert and Peoria. 

Let’s take a look at 5 things you should know when pricing your home for sale.

1. Know Your Value. Start online. The vast amount of information available to everyone on the planet is at your fingertips. Our website will allow you to see sold homes in your area to give you a good idea. You could also use our automated home valuation estimator or ones from Realtor.com, Zillow.com and a host of other websites dealing in real estate. The results should give you a reasonable starting point in most cases.

2. Know your market. A local realtor can provide you with the insight you just won’t get with the online valuations. A Comparable Market Analysis (CMA) is a great way to evaluate the temperature of the current real estate market. 

a. The CMA provides a list of homes that are sold, under contract as well as active listings. This report focuses on homes that are similar in size, age, location and amenities. Think of the CMA as a snapshot of similar homes over a defined period of time. Factors such as price, condition and location will reveal the current market conditions. It will also provide valuable information on how long homes in your area have been on the market. 

b. A visual inspection is not required to prepare a CMA; however, accuracy is sacrificed. When an in-person visit to your home is conducted, a real estate professional can, more accurately, assess the condition of your home versus the comparable homes in the area. Be prepared to provide a list of any improvements that have been done to your home and when they were completed.

c. Define insanity! Doing the same thing and expecting different results is truly the textbook definition. A closer look at those homes that have been listed and then failed to sell. You don't want to be that seller who ended up with an home that didn't sell. This information will clearly define what buyers are considering overpriced.

Updated Kitchen3. Know your competition. Evaluating the homes for sale that are similar to yours and in the same area will give you the edge. It’s entirely likely that your buyer will be visiting these homes as well. If your home is similarly priced to the competition, you should have some stand out feature(s) to make them choose you over the other homes. A Market Report can be a great tool to use to stay up to date on home sales in your neighborhood. You should be doing this even before you decide to sell.

4. Know what your buyer sees. Most online search engines will allow searching in increments of $50,000.00. If your home value estimate comes in at $352,500.00, it may be more prudent to list it at $349,900 to take advantage of buyers capping their search at $350,000.00. You can also take advantage of psychological pricing that has proven results since the 19th century. Setting a price just below a round number has a profound effect on how people perceive the price. $299,000 is much better than $300,000.

5. Know your timing. Every home sale is benefited by supply and demand. Your real estate professional should be able to provide you with information that will help you identify when is the best time to sell. Seasonal factors, mortgage interest rates, job availability, location and new home inventory should all be analyzed to give you the best possible results.

 

Keep these five simple steps in mind and you will be well on your way to a successful sale of your home in the shortest possible time. 

 

Posted in Sellers
Jan. 31, 2019

East Valley Market Report - January 2019

East Valley Single Family Market Report for January 2019

The East Valley communities of Chandler, Gilbert, Mesa & Queen Creek saw experienced a slow fourth quarter of 2018 in single family home sales due to our typical seasonal slowdown coupled with higher interest rates. These factors put their stamp on the January 2019 closing numbers, but help is on the way.

Increases in lending limits from VA, FHA and interest rates that reduced slightly have put a bit of wind in the sails of prospective buyers in our markets.

Inside The Numbers (I nodded off a bit here too)

All four of our East Valley Communities reflected an increase in the number of active homes available for sale. Total Active listings were over 4400 with nearly 950 showing as Under Contract. Sold homes in January numbered 970 reflecting the weakness from the slow Q4 contract numbers in 2018. The Average Sales Price in Chandler was very similar to that of one year ago, but Gilbert, Mesa and Queen Creek all saw increases in the Average by 6%, 4% and 13% respectively. Median Sales prices mimicked the Average number as far as percentage. Average days on market for each of the East Valley communities ranged between 52 and 57.

What all this means if you are planning to SELL your home.

Pricing and Patience. It's as simple as that. Demand remains high and the Buyers have come back after the seasonal slow down and have found more options. Pricing a home appropriately insures it will get the most traffic and the best chance at landing a contract. Average days on market for a listing are approaching 60 in some areas. Making sure your home is in show ready condition gives the best opportunity to make a good first impression.

Need to find out your home value? Our Instant Property Valuation Tool will do the trick.

What all this means if you are Buying a home.

Hooray for Choices! More homes on the market mean you have more choices when you make your move. Don't let this become paralyzing. Competition is still out there and the perfect home will likely have more than one suitor for it's attention. Relatively flat interest rates and increased lending limits means your dollar goes a bit further than it did in at the end of 2018.

See all the homes that just hit the market or use our interactive map to search where you'd love to live.

 

Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates