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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!

5 Fab Home Upgrades for Under $100

by Melissa Dierks

5 Fab Home Upgrades for Under $100 

Has the wintertime got you feeling blue about the look of your home? Check out these 5 fab home upgrades for under $100 to spice up your space!

1.) Paint Your Door: Painting the front door gives the front of your house a fresh, new look in an afternoon. Materials, including painter’s tape, paint brushes, primer and paint, should run well under $100. Just make sure the color you pick is approved by your HOA if you have one in your community.

2.) Invest in a Pressure Washer: With a pressure washer, you can strip the dust, dirt and grime off your home and pathways from the wear and tear of winter weather. It’s a great way to make your home look new again, especially the windows. Not interested in buying a pressure washer? Consider renting one from your local hardware store.

3.) Update Your Light Fixtures: If the light fixtures that came with your home look like something from the early 90’s era, consider updated them for a fresh look that’s guaranteed to brighten your home. Keep an eye out for less costly pendant lights and lanterns to hang over a kitchen table or spruce up a hallway.

4.) Add a firepit: Whether you want to warm up around the fire and chat with friends or recreate the camp experience by making smores with your family, adding a firepit to your backyard is a great upgrade that will provide a great resource for entertaining. You can make a fire pit in your backyard with simple pavers or bricks or buy a tasteful one from Amazon to compliment your poolside patio. Depending on the style, a firepit can make a really nice focal point for your backyard.

5.) Dress Up Your Furniture: Buying a whole new sofa set will run you well over a $100. But you can always give your old couches new life by pulling a slipcover over it. These days, it’s easy to find an inexpensive and fashionable slipcover. You might even have enough change left over to buy some fun new accent pillows.

Want more home update ideas? Looking to sell or buy a home in the Phoenix area? Contact us today! The Regal Team has in-depth knowledge of the market and can provide you with the information you need on purchasing, selling, investing, financing and owning real estate in the Valley of the Sun!

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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RE/MAX National Housing Report for December 2018

by Melissa Dierks

RE/MAX National Housing Report for December 2018 

December’s declining home sales and growing inventory solidified 2018 as the year the red-hot seller’s market moved toward a balanced market. Price growth also moderated, though December was the 33rd consecutive month of year-over-year increases in home prices, according to the RE/MAX National Housing Report, which includes fifty-three metro areas.

December’s year-over-year decline in home sales of 12.1 percent set a December record in the 10-year history of the report and also marked the fifth consecutive month that home sales were lower than 2017.  December was 2018’s 10th month of year-over-year declines in home sales with only April and July topping 2017 sales.

Most telling was December’s 4.6 percent growth in inventory, which was also a report record. December’s year-over-year inventory increase marked the third consecutive month of growth – a trend reversing a decade-long streak of year-over-year inventory declines.

“December’s inventory gain, continuing the three-month growth trend, is welcome news,” said RE/MAX CEO Adam Contos. “The market remains choppy and there’s still a long way to go, but these gains represent steps toward a balanced market, which in the long run is healthy for both buyers and sellers.”

While fifty-four Days on Market was a record low for December sold listings, the 4.1 Months Supply of Inventory was higher than December 2017’s 3.7 months and ahead of November 2018’s 3.9 months supply. Home buyers paid record amounts throughout 2018 as prices grew year-over-year in every month last year, led by June’s Median Sold Price of $258,500 – an all-time report high. Even so, December’s year-over-year increase of 2.1% was 2018’s smallest, and far lower than the 8.1 percent price growth from December 2016 to December 2017.

“Home sales have cooled, especially during the second half of 2018, but that was inevitable given the strong seller’s market that has persisted for nearly a decade,” Contos said. “We believe sales activity can pick back up if the pace of price escalation continues to moderate, interest rates tick further downward, and wage growth continues.”

Of the fifty-three metro areas surveyed in December 2018, the overall average number of home sales is down -8.5 percent compared to November 2018, and down -12.1 percent compared to December 2017. None of the fifty-three metro areas experienced an increase in sales year-over-year. In December 2018, the median of all fifty-three metro Median Sales Prices was $240,000, up 2.1 percent from November 2018, and up +2.1 percent from December 2017. The average Days on Market for homes sold in December 2018 was fifty-four, up three days from the average in November 2018, and down three days from the December 2017 average.

Click here to download your copy of the RE/MAX National Housing Report for December 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, Arizona 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
20241 N 67th Ave A1
Glendale, AZ 85308
(623) 229-0154

www.theregalteam.com
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5 Tips to Will Help Your Successfully Buy a Home

by Melissa Dierks

5 Tips to Will Help Your Successfully Buy a Home 

If your New Year’s resolutions include buying a home in 2019, there are a few things you should know before you hit the streets. Here are five tips to help you successfully buy a home.

  1. Have a plan: Do your research and homework before you go into the market place to shop for a home. Pull your credit report, review your finances and make a list of requirements you need in your home. Research areas, schools, builders, square footage and floor plan options. Having a plan will help you stay on track with the goal of buying a home.

  2. Know your budget: After you have reviewed your finances and your credit report, it is a must that you speak to a qualified loan officer – unless you plan to pay cash. Getting approved for your home loan first, will help you set a budget that you can search within. You would not want to fall in love with a house that is out of your affordable price range nor would you want to make an offer on a home you could not qualify to buy.

  3. Save for your down payment: We’ve all heard the saying, “Cash is King” – if you need a home loan, being approved with a reputable mortgage company and having a strong down payment, will increase your negotiating ability. A larger down payment is favorable for both the seller and the mortgage company. An FHA loan requires a borrower to have at least 3.5 percent for a down payment, while conventional loans maybe 5 to 20 percent down. The more money you have saved for a down payment, the stronger your negotiating power.

  4. Minimize your demands: In our demanding inventory conditions today, home buyers need to practice the other F word – flexibility. When making an offer, try to minimize your demands or contingencies. Be flexible with your closing date for example – the more you are willing to work with the seller, the better your chances are for getting your offer accepted.

  5. Tell your story: If you are faced with a multiple offer situation, adding a personal touch might be what sets you apart from the others. If possible, try to meet the seller. A face with a name will build a rapport. You may also consider writing a letter to the seller; explain why you want to purchase their home or why they should accept your offer. If possible, ask your agent to present your offer and letter in person to the seller.

It’s a great time to become a homeowner in the Valley of the Sun – if you or anyone you know is looking to successfully buy a home in 2019, please give us a call 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 November 2018

by Melissa Dierks

RE/MAX National Housing Report November 2018

Years of shrinking inventory gave way in November to a second consecutive month of year-over-year growth in the number of homes for sale, according to the RE/MAX National Housing Report. The apparent reason: Home sales declined for the fourth consecutive month when compared to the same months in 2017. Even so, home prices remained strong.

Across the 53 metro areas surveyed, inventory rose 3.0 percent – the highest monthly year-over-year gain in the 10-year history of the report, following October’s 1.0 percent increase that ended a streak of 119 months of year-over-year declines dating back to November 2008. The Months Supply of Inventory rose to 3.9, the highest for any month since 4.2 in December 2016.

November home sales, meanwhile, declined 6.9 percent, which was the second-largest year-over-year decline of 2018 and the biggest year-over-year sales decline for November in five years. This year only April and July sales exceeded 2017 totals for the corresponding months.

“The road to market normalization can be bumpy,” said RE/MAX CEO Adam Contos. “It’s good to see the small uptick in inventory, and the drop in November sales isn’t too surprising – given the recent trends, the mid-term elections, and the earlier-than-usual Thanksgiving holiday. As we near year-end, three main themes appear clear – buyers are grappling with affordability issues and tight inventory; sellers are unsure how to react to the cooling market; and homes priced properly are still selling rather quickly. All three underscore the fact that the guidance of a professional agent is even more critical in times like these.”

November’s Median Sales Price of $235,000 was 4.0 percent higher than November 2017 and was the highest November price in the report’s history. It marked the 32nd consecutive month of year over-year price increases. Comparing the first 11 months of 2018 to 2017, home prices are up 6.0 percent. Even with declining sales, homes sold at record speed for November. Homes spent an average of 51 Days on Market, compared to the previous November low of 54 days set last year.

Click here to download your copy of the RE/MAX National Housing Report for November 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 we are 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 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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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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4 Reasons to Sell Your Home During the Holidays

by Melissa Dierks

4 Reasons to Sell Your Home During the Holidays 

While this time of year is usually busy with shopping, parties and celebrating, there are some good reasons to sell your home during the holiday season. In some parts of the country, the weather is an obvious reason that makes it difficult to buy or sell a home during the holidays, however here in Arizona the weather is near perfect all year long. Here are 4 reasons to sell your home during the holidays.

Buyers are Motivated: people who are focused on purchasing a home, instead of holiday parties are serious, motivated home buyers.  They need to make a move, and typically they want to secure a home before the beginning of the New Year.

Less Competition: while your neighbors are busy decorating their house with lights and hosting the big holiday party, they have put off selling their home until the New Year. This means there is less competition on the market that you need to worry about. And less available inventory for motivated home buyers means that the demand for a home could drive up your home’s value.  

Tax Benefits: many home buyers want to cash in on the tax benefits that come from buying a home that they can use come next tax season.

Your Home Looks Great: most homes look their best during the holiday season with the beautiful decorations, staging and lights. First impressions are everything when selling a home, and when your home looks its best, you attract the buyers who are willing to pay top dollar.

If you are considering selling your home during the holiday season, don’t go at it alone – hire a professional.  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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Which Home Improvements Should You Make?

by Melissa Dierks

Which Home Improvements Should You Make? 

There is plenty of talk about the possible rise in interest rates since the election in November, and many homeowners may be considering cashing in their equity for remodeling costs – instead of opting to move up into a newer home. If interest rates do in fact go up, the choice to stay put and make improvements may seem to make more financial sense. But which home improvements should you make?

Future salability should be taken into consideration before you invest money in home renovations. Even if you plan to stay in the home for a long period of time, it is a wise idea to protect your property values by making home improvements that will increase your home’s value and future salability.  

The kitchen is often the most important room in the eyes of a potential buyer, however it can be the most expensive and time consuming renovation. As a general rule, kitchen improvement costs that range between 6-10 percent of the total value of the property should see the highest return on investment. Or in other words, putting your money into updating the kitchen is a good idea when it comes to maximizing your future selling possibilities.

Other home improvement projects that offer a good return on investment include replacing the front door, updating lighting, new flooring, and upgrading the bathrooms.

Which home improvements should you make? Let us help you decide! If you aren’t sure which home improvements you should make (or not make) please give us a call. We will walk your home with you and help you determine which improvements make the most sense for you, and your home values.

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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6 Tips to Survive Thanksgiving

by Melissa Dierks

6 Tips to Survive Thanksgiving 

Thanksgiving is the perfect time of year to count our blessing and the perfect excuse to over indulge in yummy food that we only prepare once a year. But as much as we enjoy the recipes and the traditions, the holiday season can cause anxiety and stress, especially which it comes to family, alcohol and extra calories. Here are 6 tips to help you survive Thanksgiving:

Get Dressed Up! There is some truth to “dressing for success” especially in situations that might be emotionally challenging. Nothing brings out the best in family like the holidays! Instead of wearing the baggy, comfy clothes to dinner, why not get dressed up? Put on your favorite dress or suit and tie to boost your confidence and the fitted clothes just might help you avoid overeating.

Eat Before You Go: This one might sound a little odd, but eating a small meal before the big fest, especially if you opt for the greens, could help you minimize your calorie consumption.

Pick Your Favorites First: We all have our favorite Thanksgiving faire that we only have once a year. Don’t waste your calories on foods that aren’t on the top of your “must have” on Thanksgiving Day.

Be Colorful! Use plates and serving dishes that are bright and colorful. Research has found that the more contrast on your plate the less likely you are to overeat – plus they are festive!

Volunteer to Clean Up: no one likes that awkward transition between dinner and dessert, especially when we are dealing with family. Keep yourself busy by volunteering to help clean up. An added bonus is the calories you’ll burn off.

Opt for Low-Calorie Drinks: nothing fuels the fire at family functions like alcohol. Instead of tipping back the bottle, opt for non-alcoholic beverages like sparkling water or fun fruit fusion drinks. You will avoid the hang over and all the calories from the booze.

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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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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