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Preparing to "Spring Forward"

by Melissa Dierks

Preparing to Spring Forward [INFOGRAPHIC]

Preparing to Spring Forward [INFOGRAPHIC] | MyKCM

Some Highlights:

  • In the majority of the country, this weekend marks the start of Daylight Savings Time as we set our clocks forward an hour on Sunday at 2:00 AM EST.
  • Whether you plan on buying or selling this spring, these tips could help you ‘spring ahead’ of your competition!
  • Spring brings two things: more buyers & more sellers! Get prepared now to stand out in the crowd!

Thinking of Selling Your Home This Spring?

by Melissa Dierks

Thinking of Selling Your Home This Spring? 

Are you thinking of selling your home this spring? Here are a few tips to help you create a smooth selling experience.

  1. De-clutter: de-cluttering helps prepare your home for the big move, plus there is truth in the say “less is more.” Go one room at a time, and divide belongings into categories: keep, yard sale, donate or trash.

  2. Start Packing: start packing now. Box up all your seasonal clothing to make your closets look roomier.  In addition, a buyer will appreciate a “neutral” vibe in your home by packing away your personal or sentimental valuable. 

  3. Repair and improve: Your home’s curb appeal is very important! Think about painting the front door and replacing the hardware. Do you have out dated or damaged light fixtures or appliances? Now would be the time to watch for sales on these items. Don’t forget to clean the windows and screens. A professional real estate agent can help you to determine which updates and/or repairs would make the most sense for your home. 

  4. Establish your time frame: do you need to be moved and settled before the next school year begins? Or maybe a new job in another state is requiring your relocation. Establishing a realistic time frame is key in creating a smooth transition from one home to the next.  

  5. Know the facts and trends of the market: every year we see trends and market changes and 2019 will be know different. And not all the news or hype on T.V. is accurate. Before you panic and call OfferPad, OpenDoor or request a Zillow instant offer, please reach out to a professional real estate agent to find out what your home is worth. Those convenient-buying services come with a steep price, which comes out of your hard-earned equity!

The spring weather is right around the corner, making it an excellent time to list and sell your home in the Valley of the Sun. Please give us a call today to help you successfully navigate the process, while netting you the best price and in the shortest amount of 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!

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!

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!

4 Reasons to Avoid Overpricing Your For-Sale Home

by Melissa Dierks

4 Reasons to Avoid Overpricing Your For-Sale Home

Studies show that the longer a house stays on the market, the less the seller will net upon the sale. That’s all the more reason to make sure you are properly pricing your home to sell. The current real estate market has low housing inventory and higher priced homes, so overpricing your for-sale home by even a few thousand dollars could mean that your house will take longer to sell or worse; not sell at all! Here are 4 reasons to avoid overpricing your for-sale home.

1.) Less Offers: Incorrect home pricing for the current market could minimizes the number of offers you receive, because it’s not priced comparable to the current market.

2.) Wastes Money: Overpricing your home wastes advertising dollars, because you’re losing money when you advertise a home that’s priced too high. Your home stays listed longer with continual price reductions and additional advertising time.

3.) Less prospects: Over valuing your home on the market lowers prospects, because potential buyers choose not to view a home priced higher than the rest of the neighborhood. It also limits qualified buyers from purchasing your home, because it’s priced out of their budget.

4.) Less Showings: The less people who see your home for sale, the less likely you are to sell it within the average seven-week window it takes a home to sell.

Do you know the real value of your for-sale home? Is your Phoenix home competitively priced to sell? It’s time to find out! Contact the Regal Team today for a personal market value analysis of your home. No hassles or obligation - just honest advice on how to get top dollar for your home!

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!

Mortgage Rates Jump to 4-Year High

by Melissa Dierks

After mostly stagnant activity levels in recent weeks, mortgage rates are back on the move. The 30-year fixed-rate mortgage rose to its highest level since January 2014 this week, also seeing its largest weekly increase since February of this year, Freddie Mac reports. 

Average mortgage rates were higher across the board too, posting weekly increases to not only the 30-year fixed-rate mortgage but also to 15-year and 5-year hybrid adjustable-rate mortgages.

Freddie Mac reports the following national averages in mortgage rates for the week ending April 19: 

  • 30-year fixed-rate mortgages: averaged 4.47 percent, with an average 0.5 point, rising from last week’s 4.42 percent average. Last year at this time, 30-year rates averaged 3.97 percent. 
  • 15-year fixed-rate mortgages: averaged 3.94 percent, with an average 0.4 point, rising from last week’s 3.87 percent average. A year ago, 15-year rates averaged 3.23 percent. 
  • 5-year hybrid adjustable-rate mortgages: averaged 3.67 percent, with an average 0.3 point, increasing from last week’s 3.61 percent average. A year ago, 5-year ARMs averaged 3.10 percent. 

Source: Freddie Mac

If you're looking to buy, sell, or invest in the Phoenix or surrounding area, CALL The Regal Team Today.

 

Melissa Dierks, Owner of The Regal Team of RE/MAX Professionals

Certified Military Residential Specialist

RE/MAX Hall of Fame

Direct: 623-229-0154

Email: melissa@theregalteam.com

Just when you thought the housing market couldn’t get any hotter, the prospect of rising mortgage rates had buyers even more frenzied in March, according to a report out Friday. 

The monthly survey of real estate agents from Credit Suisse showed that an index of buyer traffic around the country rose 2 points to 50, on a scale where 50 indicates a neutral reading. As always, there was great regional variety, but as Credit Suisse put it, agents’ commentary “remains centered on pent-up demand, especially in more affordable price points, given the persistent inventory shortage.”

The threat of rising mortgage rates is also starting to be felt. That “got many buyers off the fence,” as one survey respondent in Houston said. In 36 metro areas Credit Suisse surveys, 23 said incoming rate increases were motivating buyers. Still, as one Seattle real estate agent put it, “Rate increases are causing a sense of urgency, but there is not enough inventory to sell.”

And Credit Suisse also made note of a theme that’s starting to gain as much traction as the notion of scarce inventory: “In several markets spanning the Southern U.S., agents noted in-migration – driven by employment and lifestyle changes – is supporting ongoing gains in traffic as we move into spring.” That’s a theme MarketWatch has covered recently. 

ReadAmerica’s new great migration in search of lower property taxes

And for buyers who can’t move across the country for more reasonable prices, Credit Suisse’s survey found more house-hunters going back to a tried-and-true way of landing more affordable housing. What they call “a greater willingness among buyers to move further out to the periphery” was known as “driving until you qualify” a decade ago. 

Here are some selected local highlights from the March survey, along with Credit Suisse’s proprietary traffic index data for each.

City Traffic index Comments
Boston 36

“Continued shortage of available inventory is leading some buyers to abandon their search.” 

“Rising prices and the uptick in interest rates are pushing the bottom tier out of the marketplace.” “Buyers looking at homes in further out areas in order to compete with rising rates.” 

Chicago 38 “First-time and move-up buyers are coming on strong while the luxury buyers are languishing.” 

“Buyer optimism amidst low levels of inventory.” 

Denver 46

“Prices being bid up well beyond the list price.”

Fort Myers 50

“Clients appear to feel more confident in the economy.” 

“Colder weather in the Northeast states driving more snowbirds to the area.”

Houston 54

“Continued corporate relocations to the area.”

Inland Empire, California 25

“Rates causing buyers to purchase smaller or older homes, or move further out.” 

“Buyers will purchase what they can afford given rising rates; homes will be smaller and locations outside of previously considered areas.”

Jacksonville 75

“Good economy and still affordable price points.” 

“Corporate growth in the area.”

Las Vegas 38

“Open house traffic much higher than last year and more interest in entry level homes.” 

“People moving to the county in droves!” 

“Higher prices and shortage of available inventory.”

Miami 30

“Lenders tight on buyer qualifications and property conditions.”  

“First-time buyers concerned over rising rates although higher end buyers more motivated to purchase.”

Minneapolis 63

“Clients that have been dragging their feet now cannot afford as much.”

Nashville 21

“More people moving into the area.” 

“Seeing an increase in seller paid closing costs and additional financial assistance on behalf of buyers.”

New York-Northern New Jersey 47

“Many buyers interested in purchasing homes outside the state, in places like North Carolina.”

Phoenix 71

“Buyers willing to go further out to get a larger home.”

Raleigh 67

Lack of inventory and frenzied buying.” 

“Some buyers moving towards variable rate mortgage products offered by credit unions.”

Sacramento 77

“More people and companies moving to the area.” 

“Buyers are lowering their expectations, sacrificing either square footage or location to meet price points.”

San Antonio 60

“Retirees looking to move to the area due to the climate and the fairly low cost of living.” 

“Buyers qualifying for lower amounts.”

San Diego 46

“Buyers more concerned with HOA fees than rates.” 

“Seeing movement to lower priced areas if anything is available.” 

“Buyers willing to move further from the city.”

Virginia Beach 50

“Large influx of low quality new construction which is outperforming the sales of existing homes.” 

“Buyers having sticker shock over rising home prices.”

If you're looking to buy, sell, or invest in the Phoenix or surrounding area, CALL The Regal Team Today.

 

Melissa Dierks, Owner of The Regal Team of RE/MAX Professionals

Certified Military Residential Specialist

RE/MAX Hall of Fame

Direct: 623-229-0154

Email: melissa@theregalteam.com

Source:  Keeping Current Matters and all references above

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Melissa Dierks
Keller Williams Professional Partners
7025 W Bell Road, Suite 10
Glendale AZ 85308
Direct: (623)229-0154
Office: (623)643-1092
Fax: (623)201-7562

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