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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
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More Buyers Than Usual Enter Spring Market

by Melissa Dierks

An unusually high volume of home-buyer demand is flooding the spring market, as pending home sales rose in March for the third consecutive month and hit the highest level since June 2013, according to the National Association of REALTORS®.

Pending sales rose 1.1 percent month-over-month in March and are 11.1 percent above year-ago levels, according to NAR's Pending Home Sales Index, a forward-looking indicator based on contract signings.

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"Demand appears to be stronger in several parts of the country, especially in metro areas that have seen solid job gains and firmer economic growth over the past year," says Lawrence Yun, NAR's chief economist. "While contract activity being up convincingly compared to a year ago is certainly good news, the increased number of traditional buyers who appear to be replacing investors paying in cash is even better news. It indicates this year's activity is being driven by more long-term home owners."

However, Yun cautions that insufficient inventory and accelerating home prices could be a drawback to sales reaching their full potential.

"Demand in many markets is far exceeding supply, and properties in March sold at a faster rate than any month since last summer," Yun says. "This, in turn, has pushed home prices to unhealthy levels — nearly four or more times above the pace of wage growth in some parts of the country. Simply put, housing inventory for new and existing homes needs to improve measurably to improve affordability."

Regional Outlook

Here's a closer look at the Pending Home Sales Index across the country:

  • South: Contract signings rose 4 percent in March and are 12.4 percent above year-ago levels.
  • West: Contract signings increased 1.7 percent in March and are 15.6 percent higher than March 2014.
  • Northeast: Contract signings fell 1.5 percent for the fourth consecutive month but remain 0.6 percent above a year ago.
  • Midwest: Contract signings decreased 2.5 percent in March but are 11.3 percent above year-ago levels.

Source: National Association of REALTORS®

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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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