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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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The Regal Team The Numbers Speak for Themselves!

by Melissa Dierks

The Regal Team: The Numbers Speak for Themselves!

The Valley of the Sun is projected to be the number one market in the U.S. and so far the spring selling season is really heating up! The numbers speak for themselves! Take a look at what The Regal Team has sold so far in 2017:

The Regal Team is committed to being the best and strongest negotiators on your behalf. If you are ready to make a move, give us a call today. Let our experience and skill work for you!!!

The Regal Team of RE/MAX Professionals
7111 W Bell Road, Suite 101
Glendale, AZ 85308
(623) 229-0154
www.theregalteam.com

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The Regal Team: Top 1% of West Valley Agents

by Melissa Dierks

The Regal Team: Top 1% of West Valley Agents

The Regal Team is excited to share that we are among the top 1 percent of west valley agents -- and we want to say THANK YOU to all the wonderful clients who trusted us with their real estate needs in 2016. We could not have done it without you, and your referrals. 

Whether you are thinking about BUYING or SELLING in our fast-paced real estate market, now more than ever...who you work with matters! Let our expertise and skill work for you...we are committed to being the best and strongest negotiators on your behalf! Thinking about making a move in 2017? Give us a call today!

The Regal Team of RE/MAX Professionals
7111 W Bell Road, Suite 101
Glendale, AZ 85308
(623) 229-0154
www.theregalteam.com

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Top 4 Real Estate Predictions for 2017

by Melissa Dierks

Top 4 Real Estate Predictions for 2017 

Now that the holidays are over and the New Year is here, there are many people who will be ready to make a change in their housing, whether that is a new home, a bigger home or downsizing for retirement. But what can we expect to see in the upcoming year? Here are the top 4 real estate predictions for 2017:

  1. Rise in Interest Rates: it’s no secret that President-Elect Trump has plans to increase the home loan interest rates this coming year, and we have already seen some changes since the election in November. Industry experts put our concerns at ease – although we will see a rise in interest rates, it is mostly likely only going to be a slight increase and experts predict we will see rates around five percent by the fourth quarter of 2017.
  2. More First-Time Homebuyers: The Millennial generation have now surpassed the baby boomers as the largest of first-time homebuyers, and this group of people are ready to leave the nest and commit to owning a home. With improvements in the economy, Millennials are in a better position financially – it is predicted that this group of first-time homebuyers will lead the housing demand in 2017.
  3. More Loan Options: while no one wants to see interest rates go up, this could mean good news for loan options. Higher interest rates and a change in government administration could mean a reduction in stringent lending regulations creating more credit opportunities for qualified homebuyers and more creating financing options for those who may need a little help.
  4. Inventory Shortage: a shortage in available housing has been an issue in the Phoenix market for several years. When the market crashed new home builders stopped building and with the demand of first-time home buyers on the rise, we need more inventory. Good news, though with the improvements in the economy we have seen more home buyers development land across the valley. New home construction is great news for home buyers.

According to the 2017 Housing Forecast provided by realtor.com, the Phoenix-metro area is ranked number one with a projected increase of home values by 5.94 percent and a sales growth at 7.24 percent. If you are considering a move, 2017 might be the year you finally commit. We are anticipating the best year for the housing market that we’ve seen in the last decade. Let The Regal Team help you take advantage of the opportunity to make you American Dream come true! Melissa

The Regal Team of RE/MAX Professionals
7111 W Bell Road, Suite 101
Glendale, AZ 85308
(623) 229-0154
www.theregalteam.com

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Thinking of Selling? 3 Reasons Why Now Might be a Good Time

by Melissa Dierks

Thinking of Selling? 3 Reasons Why Now Might be a Good Time 

If you have been thinking of selling but not sure if now is a good time, here are 3 reasons why now might be a good time.

Low Inventory: today in Maricopa County, there are 19,674 homes available for sale in Arizona Regional Multiple Listing Service (ARMLS). This is considered low inventory for a metro-area the size of Phoenix. What does this mean to you as a seller? If there are more buyers than available homes for sale, the rules of supply and demand will apply. Or in other words, prices will be driven up by the demand of would-be homebuyers. We need more inventory to keep up with the available buyer pool!

Rent Prices are High: buyers who are renting are most likely paying more for rent than they would if they purchased a home. Nationally rent prices have gone up 15 percent in the past five years in seventy metro areas across the U.S. according to the National Association of REALTORS (NAR), and Phoenix is no exception. Many renters were forced into renting due to a short sale, foreclosure or bankruptcy. Today, more and more renters are now eligible for home financing and they are looking to own a home again.

It’s the Perfect Time to Upgrade or Downsize: while it’s true that home prices are on the rise, they are not at unaffordable prices. If you are considering a bigger, more upgraded home, now is a great time to cash in on your hard earned equity and take advantage of reasonable prices on your next home. A rise in property values means an increase in equity for many homeowners. Those who have owned their home for a longer period of time may be sitting on a pot of cash. If it’s time to consider your retirement home, you may be in a position to pay cash.

If you have been considering selling your home, now is a great time! To find out what your home is worth, contact me today for a free market analysis and a complimentary marketing plan to get your home sold for top dollar - Melissa

Melissa Dierks
The Regal Team of RE/MAX Professionals
7111 W Bell Road, Suite 101
Glendale, AZ 85308
(623) 229-0154
www.theregalteam.com

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When Renovating, Keep it Simple

by Melissa Dierks

When it comes to remodeling, it's best to keep it simple. Small cost-effective home renovations will likely get the best return on investment, according to surveys, appraisers, and real estate professionals.

According to the 2015 Cost vs. Value Report, large-scale home remodeling projects are often a gamble, and aren't likely to return their full cost. Small home improvements like upgrading to a steel door, updating the garage door, replacing wood windows, and making small updates to the kitchen will recoup nearly 100 percent of their cost. Bottom line? Simple replacements cost a lot less and provide a bigger payback to homes than remodels or additions.

Top 5 projects nationally in terms of cost recouped:

1. Entry door replacement (101.8%)
2. Manufactured stone veneer (92.2%)
3. Garage door replacement—mid-range (88.5%)
4. Siding replacement, fiber cement (84.3%)
5. Garage door replacement—upscale (82.5%)

"The point is that the more expensive the work you do on a property, the higher the risk is that the buyer is not going to be willing to pay for it," Jonathan J. Miller, the president of Miller Samuel, a New York appraisal company told the New York Times recently. "If your kitchen is old and dated and you completely renovate it, you're gambling that the buyer is going to like your taste."

Focusing on renovation projects that improve the curb appeal of a home is a good strategy. Refinishing hardwood floors, replacing light fixtures, re-grouting bathroom tiles, giving the walls a fresh coat of paint are all simple renovations that can add big value. "A lot of these minor upgrades relate to appearance, and the first impression a buyer might get for a property," says Michael Vargas, an appraiser in Manhattan. "They're not necessarily concerned about what’s behind the wall; they're just concerned about how the property looks."

While not all remodeling jobs earn a killer payback, the Cost vs. Value survey found that minor kitchen remodels that focus on upgrading the cabinets, appliances, and countertops are often a good bet, with a national average payback of 79.3 percent.

Still, remodeling projects are not "one size fits all" and what sellers can hope to recoup from improving their home depends on many factors, including where they live, the condition of the home, the quality of the work, and if the upgrades are comparable to those in the neighborhood.

Top renovations for apartments and houses:

  1. Refinishing hardwood floors
  2. Painting walls
  3. Replacing kitchen countertops
  4. Installing new kitchen appliances
  5. Replacing kitchen cabinet doors and drawer fronts

Top renovations for houses only:

  1. Replacing the front door with a new steel-and-glass door
  2. Replacing the garage door
  3. Replacing siding
  4. Adding a wood deck
  5. Replacing windows with wood windows

Sources: "Small Renovations, Big Payoff," The New York Times (April, 24, 2015), "The 10 Most Cost-Effective Renovations," The New York Times (April 24, 2015) "2015 Remodeling Cost vs. Value: Less Is More," REALTOR® Magazine (Jan. 2015)

Displaying blog entries 1-6 of 6

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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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