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The Regal Team Home Inspection Series 4- Roof

by Melissa Dierks

The Regal Team Home Inspection Series 4- Roof

The Regal Team is excited to present part five of our five-part series on residential home inspection. Hear from a licensed home inspector on the various things they are looking for when it comes to inspecting your home.

With the various types of roofs in the Phoenix area, there are several things to look for during an inspection. A roof inspection is a way of determining the level of wear and tear on a roof, how much life it has left in it, and if there is a need for repair currently or soon in the future. Roof inspections involve looking for signs that indicate the wear on shingles and other roofing materials. A roof inspector does not need to remove any part of your roof.

In this episode, Kris Hauser with Insight Real Estate Inspection Service shares his expertise that will help you have a better understanding of our roofs here in the Valley of the Sun!

Kris can be contacted at (623)594-8131 or (623)297-1584 for additional questions you may have related to home inspection services. We hope this interview between Kris Houser with Insight Real Estate Inspection Service and Robert Dierks with The Regal Team will enlighten you a little more on what you need to know about inspecting your roof.

As always, please contact The Regal Team of RE/MAX Professionals for ALL your residential home purchase and selling needs!

Melissa Dierks

The Regal Team of RE/MAX Professionals

20241 N 67th Ave A1

Glendale, AZ 85308

(623) 229-0154

www.theregalteam.com

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Putting the "Thanks" in Thanksgiving

by Melissa Dierks

Putting the Thanks in Thanksgiving

All in a Word - By Aileen Fisher

T for time to be together, turkey, talk, and tangy weather.

H for harvest stored away, home, and hearth, and holiday.

A for autumn's frosty art, and abundance in the heart.

N for neighbors, and November, nice things, new things to remember.

K for kitchen, kettles' croon, kith and kin expected soon.

S for sizzles, sights, and sounds, and something special that abounds.

That spells ~~~THANKS---for joy in living and a jolly good Thanksgiving.

We hope the spirit of gratitude enriches your heart on Thanksgiving Day and every day after. From the Regal Team family to yours, Have a safe and Happy Thanksgiving! – Melissa and Bob

Melissa Dierks

The Regal Team of RE/MAX Professionals

20241 N 67th Ave A1

Glendale, AZ 85308

(623) 229-0154

www.theregalteam.com

Follow us on Facebook!

RE/MAX National Housing Report for October 2018

by Melissa Dierks

RE/MAX National Housing Report for October 2018

The third consecutive month of lower year-over-year home sales in October contributed to the first year-over-year inventory increase in a decade according to the RE/MAX National Housing Report for October 2018. Meanwhile, the Median Sales Price recorded one of its lowest increases of 2018.

The RE/MAX National Housing Report for October saw sales decline 4.6 percent from a year ago – compared to sales drops of 11.6 percent in September and 1.1 percent in August – and was the eighth month of 2018 to record lower sales than 2017.

As a result, inventory is slowly being replenished, with the number of homes for sale in October increasing 1.0 percent over October 2017. October 2018 was the first month to show a year-over-year increase in inventory since October 2008 when two and a half times as many homes were for sale. The Months Supply of Inventory is now 3.5, compared to 3.3 a year ago.

“The market continues to move toward equilibrium. The modest inventory increase is a much welcome sign for buyers,” said RE/MAX CEO Adam Contos. “Although home sales were down year-over-year, it’s encouraging to see the magnitude of the decline decrease from the sharp drop we witnessed in September. The trend of easing price increases remains and that’s also a positive.”

October’s Median Sales Price of $236,000 marked the 31st consecutive month of year-over-year price increases and was the highest October price in the 10-year history of the report. Even so, the 4.9 percent gain was the third-lowest year-over-year growth of 2018.

Days on Market of 48 was an October record for fewest days and compares to 51 days in October 2017.

“The imbalance that has defined this market for so long continues to moderate,” said Contos. “However, it will take some time to recalibrate. Rising prices and interest rates and tight inventory levels continue. Buyer and seller expectations still appear to be a bit mismatched suggesting a choppy market remains in place.”

Click here to download your copy of the RE/MAX National Housing Report for October 2018. Looking to sell your Phoenix home or buy a home in Phoenix? Contact the Regal Team today! We will be happy to provide a free market analysis of your home, and I am deeply committed to helping you reach your real estate goals on step at a time.

Melissa Dierks

The Regal Team of RE/MAX Professionals

20241 N 67th Ave A1

Glendale, AZ 85308

(623) 229-0154

www.theregalteam.com

Follow us on Facebook!

The Regal Team Home Inspection Series 3- Electrical Panel

by Melissa Dierks

The Regal Team Home Inspection Series 3- Electrical Panel

The Regal Team is excited to present part three of our five-part series on residential home inspection. Hear from a licensed home inspector on the various things they are looking for when it comes to inspecting your home.

Electrical panels are boxes that house circuit breakers, which are safety devices that stop the electrical current if it exceeds the safe level for some portion of the home electrical system. Many people, even experienced electricians, have been killed or seriously injured while opening electrical panels. Inspectors must be aware that all forms of electrical inspections, especially electrical panel inspections, are inherently dangerous.

In this episode, Kris Houser with Insight Real Estate Inspection Service explains to our very own Robert Dierks what they are looking for specific to the electrical panel. There is a lot more than just "breakers" when it comes to this area of the home.

Kris can be contacted at (623)594-8131 or (623)297-1584 for additional questions you may have related to home inspection services. We hope this interview between Kris Houser with Insight Real Estate Inspection Service and Robert Dierks with The Regal Team will enlighten you a little more on what you need to know about your electrical panel. As always, please contact The Regal Team of RE/MAX Professionals for ALL your residential home purchase and selling needs!

Melissa Dierks

The Regal Team of RE/MAX Professionals

20241 N 67th Ave A1

Glendale, AZ 85308

(623) 229-0154

www.theregalteam.com

Follow us on Facebook!

BACK ON THE MARKET AND HOLDING AN OPEN HOUSE

by Melissa Dierks

Join Robert as he hosts another "Open House" event on Sunday, November 4th, from 12:00 to 3:00.

This beautiful home located in Glendale, AZ is nothing short of an entertainers delight! Just in time for the holidays, you will have the opportunity to host your guests in this amazing 4 bedroom / 3 bathroom home. A back yard that will provide countless hours of entertainment for your friends and family!

Don't miss this amazing opportunity to call this "HOME"..

 

 

Melissa Dierks

The Regal Team of RE/MAX Professionals

20241 N 67th Ave A1

Glendale, AZ 85308

(623) 229-0154

www.theregalteam.com

Follow us on Facebook!

The Regal Team Home Inspection Series 2- Hot Water Heater

by Melissa Dierks

The Regal Team Home Inspection Series 2- Hot Water Heater

The Regal Team is excited to present part two of our five-part series on residential home inspection. Hear from a licensed home inspector on the various things they are looking for when it comes to inspecting your home. In part two, Kris Houser with Insight Real Estate Inspection Service explains to our very own Robert Dierks what they are looking for as it relates to the water heater.

Water heaters run on electricity or a combustible fuel, and most of them are always switched on. There’s a lot that can go wrong under such high demand. The size and design of water piping running to and from the water heater is extremely important and can affect aspects like water pressure and water leaks. Discover the most important safety component of a water heater and how it can save an entire home.

We hope this interview between Kris Houser with Insight Real Estate Inspection Service and Robert Dierks with The Regal Team will enlighten you a little more on what you need to know about your water heater. If you’d like more information about home inspections, or if you’re ready to sell your Phoenix home or buy a home in Phoenix, please contact The Regal Team today!

Melissa Dierks

The Regal Team of RE/MAX Professionals

20241 N 67th Ave A1

Glendale, AZ 85308

(623) 229-0154

www.theregalteam.com

Follow us on Facebook!

The Regal Team Home Inspection Series 1- Air Conditioning

by Melissa Dierks

The Regal Team Home Inspection Series 1- Air Conditioning

A home inspection is a limited, non-invasive examination of the condition of a home, often in connection with the sale of that home. Home inspections are usually conducted by a home inspector who has the training and certifications to perform such inspections.

The Regal Team of RE/MAX Professionals is excited to present a five-part series on residential home inspection. Hear from a licensed home inspector on the various things they are looking for when it comes to inspecting your home. In part one of our five-part series we discuss the importance of what home inspectors look for regarding your air conditioning.

During the inspection of the air conditioning system, the home inspector should identify the type of system and document all of the relevant information from the data plate, including the age, and should make a determination as to whether or not to operate the system. The inspection should include examining the outdoor cabinet, refrigerant lines, the indoor unit, and duct work. These procedures should be followed when inspecting the cooling system.  Additionally, you have to make sure Arizona standards of practice or an association’s standard of practice are being followed.

We hope this interview between Kris Houser with Insight Real Estate Inspection Service and Robert Dierks with The Regal Team will enlighten you a little more on some of the "big ticket" items for a home. If you’d like more information about home inspections, or if you’re ready to sell your Phoenix home or buy a home in Phoenix, please contact The Regal Team today!

Melissa Dierks

The Regal Team of RE/MAX Professionals

20241 N 67th Ave A1

Glendale, AZ 85308

(623) 229-0154

www.theregalteam.com

Follow us on Facebook!

RE/MAX National Housing Report September 2018

by Melissa Dierks

RE/MAX National Housing Report September 2018

The RE/MAX National Housing Report for September 2018 showed the trends of fewer closings and stabilizing inventory continued through September, punctuated by a surprisingly big 11.6 percent year-over-year drop in home sales. At the same time, the RE/MAX National Housing Report for September 2018 posted a Median Sales Price of $241,000 that marked the 30th consecutive month of year-over-year price increases. It is the highest September price in the 10-year history of the report. To access the housing report infographic, visit: https://rem.ax/2phKHWT.

The decline in home sales year-over-year was the largest since May of 2011, as September became the seventh month of 2018 to record lower sales than 2017. Even so, year-to-date 2018 home sales resemble 2017’s.

“The big drop in September closings catches your attention. The market is clearly rebalancing as buyers and sellers continue to process the increasing interest rate environment and what that means to them,” said RE/MAX CEO Adam Contos. “The slower drop in inventory – a visible trend for nearly half a year – further illustrates the ongoing shift toward market equilibrium, and that’s healthy in the long-term.”

Active inventory dropped for the 119th consecutive month, the decline of 4.7 percent from September 2017 was the smallest year-over-year decrease since August 2014. In addition, the September year-over-year inventory drop was the fifth consecutive month in 2018 to post single-digit percent declines rather than the double-digit monthly drops consistently seen over the previous three years.

“It’s a little surprising to see prices staying so strong, but it’s hardly shocking in such a tight market,” said Contos. “The headwinds of rising prices and interest rates amid already tight inventory levels have been crimping affordability and slowing sales for most of the year, but it varies by geography.  In circumstances like these, where the market is tricky to navigate, both buyers and sellers can benefit by aligning themselves with a professional agent – a local expert who can cut through the noise and advocate on their behalf.”

Home prices rose by 5.6 percent over September 2017, more than twice the year-over-year price increase of 2.3 percent from September 2016 to September 2017. That reversed a trend seen in the previous three months, when year-over-year price increases trailed 2017’s rate of growth.

Months Supply of Inventory totaled 3.7, which is the second-lowest for September in report history, second only to 3.6 months in September 2017. Days on Market of 46 was a September record for the report – three days less than September 2017. Of the 54 metro areas surveyed in September 2018, the overall average number of home sales is down 1.1percent compared to August 2018, and down 11.6 percent compared to September 2017.

Click here to download your copy of the RE/MAX National Housing Report for September 2018. Looking to sell your Phoenix home or buy a home in Phoenix? Contact the Regal Team today! We offer unparalleled service to all clients in the Phoenix real estate market. Your complete satisfaction with our service and representation is our number one priority!

Melissa Dierks

The Regal Team of RE/MAX Professionals

7111 W Bell Road, Suite 101

Glendale, AZ 85308

(623) 229-0154

www.theregalteam.com

Follow us on Facebook!

5 Percent Mortgage Rates Are Back!

by Melissa Dierks

5 Percent Mortgage Rates Are Back!

The average rate on the 30-year fixed sat just below 4 percent a year ago, after dropping below 3.5 percent in 2016. It just crossed the 5 percent mark, according to Mortgage News Daily.

The benchmark 30-year mortgage rate spiked fifteen basis points to 5.04 percent from 4.89 percent in the previous week, according to Bankrate.com’s weekly survey of the nation’s largest mortgage lenders. Meanwhile, the average 15-year fixed mortgage rate surged 15 basis points to 4.41 percent and the average rate for a 5/1 adjustable-rate mortgage rose 7 basis points to 4.42 percent.

Mortgage borrowers are taking note of soaring rates. Total mortgage applications fell 1.7 percent from the previous week, according to data from the Mortgage Bankers Association’s weekly applications survey for the week ending Oct. 5. That’s down nearly 15 percent from a year ago.

Refinances, which are more sensitive to rate changes, dipped 3 percent from a week ago, the MBA reported. Overall, refinance activity sank to 39 percent of total applications from 39.4 percent the previous week and is down about 32 percent from a year ago.

Rising home prices and tight inventories for starter homes won’t abate in the year ahead, says Joel Kan, an MBA economist. And although year-over-year growth in purchase applications is expected, the movement will be gradual, Kan says.  “With the economy doing well and job market still strong, we’re starting to see the fruits of that and opportunities will be there,” Kan says of homebuying demand.

Higher mortgage rates mean now is a good time to buy a home as higher home prices are likely to become more affordable and homebuyers will have a better chance of finding a home in their price range and more likely to have an offer accepted. Its important to note that while higher rates may drive prices down, a higher interest rate does impact your buying power. What does buying power mean? Simple put, what you can afford to buy at an interest rate of 5 percent will be less than what you can afford to buy at an interest rate of 3 percent.

So, if you’re in the market to buy a home, now is the perfect time take advantage before rates go up more, and your buying power goes down. Contact the Regal Team today for more information about the new mortgage rates and get prequalified to buy a home in Phoenix.

Melissa Dierks

The Regal Team of RE/MAX Professionals

7111 W Bell Road, Suite 101

Glendale, AZ 85308

(623) 229-0154

www.theregalteam.com

Follow us on Facebook!

 

This communication is provided to you for informational purposes only and should not be relied upon by you. RE/MAX Professionals or The Regal Team are not a mortgage lender and so you should contact a qualified mortgage broker directly to learn more about its mortgage products and your eligibility for such products.

3 Fall Curb Appeal Tips to Quickly Sell Your Home

by Melissa Dierks

3 Fall Curb Appeal Tips to Quickly Sell Your Home

With the fall season being one of the most popular times to sell, making your home stand out amongst the competition is essential and having attractive curb appeal grabs potential homebuyer’s attention and interest. Homes with high curb appeal command higher prices and take less time to sell. How do you make your home stand out from the moment it’s seen? Here are 3 fall curb appeal tips to quickly sell your home.

1.) Add an Adorable Door:  The front door makes a great focal point to any homes exterior and makes a good attention-grabbing tactic. A fresh coat of paint in an eye catching, tasteful color can make your entrance stand out. But if painting your door red isn’t an option (hello, angry homeowner association!) try adding a simple wreath of fall foliage and flowers to add a nice, inviting touch to your front entry.

2.) Beef Up Your Yard: Brown spots, weeds, and dry leaves do not a well maintained yard make. Be sure to upkeep your front lawn by removing clutter and weeds from gravel, pruning bushes and covering bare spots in grass with seeds and sod as needed. Once your yard is looking nice, add some attractive punches of color like planting colorful fall annuals.

3.) Let there be light! As the days get shorter, it gets darker faster and safe lighting and clear paths are vital for potential home buyers who are viewing your home in the evening. Make sure your exterior lighting is clean and has no burnt out bulbs. You can also add flood lights or motion sensor lights to light your entry and solar lighting or decorative lanterns to illuminate walkways. You can even add some decorative lights to enhance the inviting fall season look; just keep it simple and tasteful.

Which of these 3 fall curb appeal tips to sell your home quickly do you plan to use? If you are looking for more fall curb appeal tips or looking to sell your Phoenix home, please contact The Regal Team today for a free valuation of your home with absolutely no obligation.

Melissa Dierks

The Regal Team of RE/MAX Professionals

7111 W Bell Road, Suite 101

Glendale, AZ 85308

(623) 229-0154

www.theregalteam.com

Follow us on Facebook!

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Melissa Dierks
The Regal Team of RE/MAX Professionals
7111 W Bell Road, Suite 101,
Glendale AZ 85308
Direct: (623)229-0154
Office: (623)643-1092
Fax: (623)201-7562

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