Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Sept. 20, 2024

Facing Foreclosure? Here Are Your Options to Move Forward

If you're facing foreclosure, it can feel overwhelming. But before things get too far, it's important to know that you have options. No matter what stage you're in, taking control and making informed decisions can help you find the best path forward. While foreclosure can feel like the end of the road, there are solutions that may work for your unique situation.

Explore Your Options:

  1. Loan Modification or Refinance:
    Sometimes, your lender may be willing to modify the terms of your mortgage to make payments more manageable. This could include reducing your interest rate, extending the loan term, or even forgiving a portion of the principal.
  2. Forbearance:
    If you're facing temporary financial hardship, you can ask your lender for forbearance. This allows you to pause or reduce payments for a certain period, buying you time to get back on your feet.
  3. Renting Your Home:
    If you’re not ready to sell, renting your home out could be an option to generate income. However, keep in mind that being a landlord comes with its own set of challenges and costs.

When Selling Might Be the Best Option:

In some cases, selling your home could provide the best long-term relief, especially if you've exhausted other options. Selling may help you pay off your mortgage, avoid foreclosure, and protect your credit. It might feel like a difficult decision, but it can also be a fresh start.

  • Avoid Foreclosure on Your Record:
    Foreclosure can have long-lasting impacts on your credit score, making it harder to buy or rent a home in the future. Selling before foreclosure keeps this off your credit history.
  • Control Your Timeline:
    Selling allows you to move on your terms, rather than being forced out by the foreclosure process.
  • Potential for Equity:
    If you’ve built equity in your home, selling it may leave you with money to settle debts and start fresh.

How I Can Help:

As someone who has helped many homeowners in similar situations, my goal is to provide guidance, not just to sell homes. Whether it's finding out if selling is the right step or exploring other options, I'm here to offer personalized advice. If selling ends up being the best path, I can work to get you the highest value for your home quickly and with as little stress as possible.

No matter what your situation is, remember that you have choices. Don’t wait until it's too late. If you're not sure where to start, I’d be happy to talk with you about your options. Sometimes, selling is the last option, but it can also be the step that helps you regain control of your financial future.

Posted in Real Estate Talk
Aug. 25, 2024

A Local’s Guide to Selling Your Home Fast in Mesa, AZ

Selling your home can be a stressful experience, especially if you’re looking to close the deal quickly. Whether you’re relocating for a new job, downsizing, or simply ready for a change, getting your home sold fast in Mesa, AZ, requires strategic planning and local market expertise. As a seasoned Mesa realtor, I’ve helped countless homeowners successfully navigate this process. Here’s a comprehensive guide to help you sell your home quickly in Mesa.

1. Price It Right from the Start

The key to a fast sale is setting the right price from the beginning. Overpricing your home can lead to it sitting on the market for too long, which can deter potential buyers. On the other hand, underpricing might mean leaving money on the table. Using a Comparative Market Analysis (CMA), I can help you determine the optimal price based on recent sales in your neighborhood, market trends, and the unique features of your home.

2. Enhance Your Curb Appeal

First impressions matter. When potential buyers pull up to your home, the exterior is the first thing they see. Make sure your landscaping is well-maintained, the lawn is mowed, and any outdoor clutter is removed. Consider adding a fresh coat of paint to the front door or planting some seasonal flowers to make your home more inviting. These small improvements can significantly boost your home’s curb appeal and attract more buyers.

3. Stage Your Home for Success

Staging is a powerful tool for selling your home quickly. A well-staged home helps buyers visualize themselves living in the space. Remove personal items, declutter, and arrange furniture in a way that maximizes the flow of the rooms. Neutral colors and minimalistic décor often work best to appeal to the broadest range of buyers. If you’re not sure where to start, I can recommend professional staging services in Mesa to ensure your home looks its best.

4. Market Your Home Strategically

Effective marketing is crucial for a quick sale. Beyond listing your home on the MLS, I use targeted digital marketing strategies to reach potential buyers. This includes creating eye-catching social media posts, running Google ads, and promoting your home on various real estate websites. Additionally, I ensure your home is featured in my Google Business Profile, which can help it show up in local searches when buyers are looking for a “real estate agent near me.”

5. Be Flexible with Showings

The more flexible you are with showings, the faster your home is likely to sell. Try to accommodate potential buyers’ schedules, even if it means hosting showings in the evenings or on weekends. The more people who see your home, the better your chances of receiving an offer quickly. I’ll coordinate all showings for you to make the process as smooth as possible.

6. Consider Pre-Listing Inspections

A pre-listing inspection can give you a head start on addressing any potential issues that might arise during the buyer’s inspection. By identifying and fixing problems early, you can avoid delays during the closing process and reassure buyers that your home is in good condition. This proactive approach can also give you leverage during negotiations.

7. Work with a Local Mesa Realtor

Having a knowledgeable, local realtor by your side can make all the difference when selling your home quickly. As someone who lives and works in Mesa, I have a deep understanding of the local market and a network of potential buyers. I’ll guide you through every step of the selling process, from pricing your home to closing the deal, ensuring you get the best possible outcome.

Conclusion

Selling your home fast in Mesa, AZ, doesn’t have to be overwhelming. By following these tips and working with an experienced local realtor, you can streamline the process and achieve a successful sale. If you’re ready to sell your home or have any questions about the process, don’t hesitate to contact me. Let’s work together to get your home sold quickly and for the best price possible.

Posted in Real Estate Talk
Aug. 24, 2024

How to Find the Best Realtor: Your Guide to Choosing a Top Real Estate Agent in Mesa

How to Find the Best Realtor for Your Home Buying or Selling Needs

When it comes to buying or selling a home, choosing the right realtor can make all the difference. A top-notch real estate agent will not only help you navigate the complexities of the real estate market but also ensure you get the best deal possible. Here’s a comprehensive guide on how to find the best realtor that suits your needs.

1. Start with Local Knowledge

The first step in finding the best realtor is to focus on agents who specialize in your area. A realtor with local expertise will have in-depth knowledge of the neighborhood, including property values, school districts, and market trends. For instance, if you’re looking for a realtor in Mesa, AZ, you’ll want someone who is familiar with neighborhoods like Las Sendas, Groves North, or Estate Groves. By choosing a Mesa realtor with a strong local presence, you can ensure you’re getting the best insights into the local market.

2. Check Online Reviews and Testimonials

In today’s digital age, online reviews are a valuable resource for gauging the reputation of a realtor. Look for real estate agents with positive reviews on platforms like Google, Zillow, and Yelp. Testimonials from past clients can provide insights into the realtor’s professionalism, communication skills, and success rate. Searching for a top-rated realtor near me can help you find agents who have consistently delivered great results for their clients.

3. Verify Credentials and Experience

Not all realtors are created equal. It’s essential to check the credentials and experience of the agents you’re considering. Ensure they have a valid license and are members of reputable real estate associations like the National Association of Realtors (NAR). Additionally, experience matters—seek out agents who have been in the industry for several years and have a proven track record. Opting for an experienced realtor in Mesa can give you the confidence that your transaction will be handled by a seasoned professional.

4. Interview Multiple Realtors

Before committing to a realtor, it’s wise to interview at least three agents. This allows you to compare their knowledge, communication style, and marketing strategies. Ask about their recent transactions, how they plan to market your property, or how they will help you find your dream home. This process will help you identify the best real estate agent for your specific needs.

5. Look for a Strong Marketing Strategy

A good realtor should have a robust marketing plan to sell your home quickly and for the best price. This includes professional photography, virtual tours, social media promotion, and listing on major real estate platforms. If you’re buying, the realtor should have access to the latest listings and be proactive in finding properties that meet your criteria. Working with a real estate marketing expert ensures your property will receive maximum exposure.

6. Evaluate Their Communication Skills

Effective communication is crucial in real estate transactions. The best realtors are those who keep their clients informed at every step of the process. Whether you prefer emails, phone calls, or text messages, make sure your realtor is responsive and able to communicate clearly. A realtor with excellent communication can make the entire buying or selling experience much smoother and less stressful.

7. Trust Your Instincts

Finally, trust your instincts when choosing a realtor. You want to work with someone who is not only knowledgeable and professional but also someone you feel comfortable with. A strong rapport with your realtor can make the buying or selling experience much more enjoyable. Opt for a trustworthy realtor who understands your needs and puts your interests first.

Conclusion

Finding the best realtor for your home buying or selling needs doesn’t have to be daunting. By focusing on local expertise, checking credentials and reviews, and ensuring effective communication, you can partner with a realtor who will guide you through a successful real estate transaction. When searching for a best Mesa realtor or top real estate agent in Mesa, following these steps will help you make an informed decision.

Posted in Real Estate Talk
Aug. 2, 2024

When Is the Right Time to Buy a House in the East Valley?

Deciding to buy a home is a major step, requiring thoughtful consideration of both your financial situation and lifestyle needs. As an experienced realtor in the East Valley, I'm here to guide you through understanding when it might be the right time for you to make this significant investment.

Financial Readiness to Buy a Home

Stable Income: A steady job or reliable income source is crucial. This stability reassures lenders that you can handle a mortgage.

Down Payment and Closing Costs: In the East Valley, the down payment and closing costs can vary, but you'll typically need at least 3% down. For a $350,000 home, that's around $10,500, plus closing costs that can range from 2% to 5% of the home's price.

Credit Worthiness: A high credit score not only helps you secure a mortgage but also ensures you get the best rates. This could save you thousands over the life of your loan.

Overall Financial Health: Beyond the mortgage, owning a home in communities like Mesa's Valencia Park Estates or Gilbert's Lindsay Estates involves additional expenses like property taxes, maintenance, and insurance. Ensure your budget accommodates these costs without compromising your lifestyle.

Personal Readiness for Homeownership

Long-term Stability: Are you ready to settle in the East Valley? Buying a home means committing to a location for several years. Make sure you love the neighborhood, whether it's the family-friendly atmosphere of Trovita Norte in Mesa or the scenic views at Thunder Mountain Estates.

Home Maintenance: When you own a home, you're responsible for its upkeep. From routine lawn care to more significant repairs, make sure you're prepared for the time and expense of maintaining a property.

Lifestyle Fit: Your home should fit your current and future lifestyle needs. Whether you're expanding your family or looking for a peaceful retirement spot, your home should align with your life's transitions.

Making an Informed Decision

Home buying should never be pressured by external influences. It's a personal decision that should align with your financial and lifestyle goals. As your East Valley realtor, I, Matt Greer, am here to help you assess your readiness and find the perfect home when the time is right.

Conclusion

Buying a home is one of life's most exciting and significant decisions. If you're considering purchasing a home in the East Valley, let's discuss how you can prepare financially and personally to make this commitment. Feel free to reach out to me anytime, and let's start this journey together.

Ready To Take The Next Step

Ready to explore home ownership? Contact me today to find out how you can comfortably transition to owning a home in the East Valley, and let's ensure it's the right time for you.

Posted in Real Estate Talk
July 20, 2024

Neighborhood Spotlight: Trovita Norte, Mesa, AZ

Trovita Norte

Nestled in the heart of Mesa, Arizona, Trovita Norte is a prestigious community known for its upscale homes, serene atmosphere, and convenient location. This neighborhood offers a perfect blend of luxury living and suburban charm, making it an ideal choice for families and professionals alike. In this blog post, we'll explore what makes Trovita Norte a standout neighborhood in Mesa.

Community Features

Trovita Norte is characterized by its beautifully designed homes and meticulously landscaped streets. The neighborhood features a range of architectural styles, from contemporary designs to classic southwestern aesthetics, providing a diverse yet cohesive community feel. Many homes in Trovita Norte boast spacious lots, private pools, and modern amenities, catering to those seeking a luxurious lifestyle.

Amenities and Conveniences

Residents of Trovita Norte enjoy access to a variety of amenities that enhance their quality of life. The neighborhood is equipped with:

  • Parks and Green Spaces: Beautiful parks and walking trails are perfect for outdoor activities and family outings.
  • Community Events: Regular neighborhood gatherings and events foster a strong sense of community and camaraderie among residents.

Schools and Education

Trovita Norte is served by some of the top-rated schools in the Mesa Public School District, making it a desirable location for families with children. Nearby schools include:

  • Entz Elementary School: Known for its excellent academic programs and dedicated staff.
  • Stapley Junior High School: Offers a range of extracurricular activities and advanced academic courses.
  • Mountain View High School: Renowned for its robust athletic programs and strong emphasis on college readiness.

Proximity to Mesa Attractions

One of Trovita Norte's greatest advantages is its proximity to Mesa's vibrant attractions and amenities:

  • Shopping and Dining: Residents are just a short drive away from major shopping centers and diverse dining options, including the Village Square at Dana Park and Superstition Springs Center.
  • Cultural and Recreational Activities: Trovita Norte is close to the Mesa Arts Center, offering a variety of cultural events and performances, and the Mesa Grande Cultural Park for those interested in history and archaeology.

Real Estate Market

The real estate market in Trovita Norte is competitive, with homes often selling quickly due to the neighborhood's desirability. Potential buyers can expect to find well-appointed homes with an average price range that reflects the area's upscale nature. It's advisable for interested buyers to work with a knowledgeable real estate agent to navigate the market effectively.

In Conclusion

Trovita Norte stands out as one of Mesa's most sought-after neighborhoods, offering a unique combination of luxury, community, and convenience. Whether you're looking to settle down with a family or enjoy a sophisticated lifestyle, Trovita Norte provides an inviting and fulfilling living experience.

View Homes For Sale in Trovita Norte

Oct. 3, 2023

Las Sendas HOA and Short Term Rentals | What to know before you buy a short term rental

Las Sendas is one of the most upscale neighborhoods in Mesa. Las Sendas is located in the Nort East corner of Mesa and backs up to the Tonto National Forest. The neighborhood is at a higher elevation than the rest of the town and as such has amazing views of the valley.

Las Sendas being a more upscale golf community is known for having a strict HOA. They have rules on where you can park and how long you can have your trash cans out for. They even have rules on the signs I can put up when I list a home for sale or have an open house in the neighborhood.

This might sound like a lot to some people, but the people who move there generally want that kind of HOA and are certainly told before they purchase (at least there agent should tell them).

The neighborhood was first starting to be built in the mid 2000’s and, because of this no one had even imagined what a short term rental, AirBnB or VRBO home was since they simply weren’t around yet. Because of this there were no restrictions placed on them by the HOA.

In 2021 neighbors started to complain because of the AirBnb’s. Keep in mind this is a neighborhood where homes over 4,000 sqft are common so the groups that rent out these short term rentals tend to be larger groups or are throwing larger parties.

One resident of the community talked about a time an entire youth baseball team was staying in the house next door or bachelor parties where people were throwing up in the driveway and partying late into the evening.

So, when these complaints hit a new high in 2021 the HOA announced a proposed amendment to the Las Sendas HOA rules that would prohibit short term rentals under 31 days.

This is where trouble first started to arise amongst property owners in Las Sendas. The owners of these short term rentals were upset because this would affect their business, and the HOA paid $50,000 (out of HOA funds) to campaign against short term rentals and even went door to door to get people to vote for the new restrictions.

This obviously enraged the short term rental owners since the HOA was actively using money they had paid to force them out. Ultimately the measure passed and short term rentals are no longer allowed in the community.

Some members of the community are still trying to fight it, but making little progress.

When picking a neighborhood to have a short term rental in it’s important to know the rules, but also have a feel for the atmosphere in the neighborhood especially when the formation of the HOA predates short term vacation rentals.

Members of a community can always vote to amend the HOA rules to ban short term rentals. So it’s important to take into consideration what the neighborhood is like and what kind of guests you will be attracting.

Short term rental sites allow you to set rules on the amount of guests as well as whether or not they can have large parties in a house, and as a short term rental owner you should set these rules.

Also be mindful of the manager you higher if you higher one for a short term rental. Make sure they have a history of enforcing noise rules or anything else that could get you into trouble.

Lastly know the HOA rules as well as local city ordinances regarding Short term rentals before you buy a short term rental. You’re real estate agent should provide you with a copy of the HOA CC&R’s (Codes, Covenants & Restrictions) before you buy a house.

If you are looking to buy or sell a short term rental I’d be happy to help. I have experience with these and will go over potential rental income figures with you beforehand as well as provide you with copies of neighborhood HOA rules before you buy.

 

Click here to see homes in Las Sendas

Posted in Real Estate Talk
Aug. 16, 2023

Mastering the Art of Painting: Avoid These 20 Common Mistakes for a Flawless Finish

Mastering the Art of Painting: Avoid These 20 Common Mistakes for a Flawless Finish

Painting your home is an exciting endeavor that can breathe new life into your space. Whether you're aiming to refresh your indoor walls or add a splash of color to your outdoor deck, a fresh coat of paint can truly transform your surroundings. However, like any creative project, painting requires careful planning, attention to detail, and a keen eye for potential pitfalls. To help you achieve a flawless and stunning result, we've compiled a comprehensive guide on the 20 most common painting mistakes to avoid during your next project.

 

1. Skipping Necessary Prep Work

Neglecting proper preparation can lead to flaws in the painted surface, such as poor paint adhesion or an uneven appearance. Before you dive into painting, take the time to cover floors and furniture, sand surfaces for better adhesion, repair wall cracks, and remove loose paint.

 

2. Overlooking Wall Cleaning

Thoroughly clean your walls before painting to ensure optimal paint adhesion. Using warm, soapy water is best, as harsh chemicals can compromise the paint's integrity. Removing dust, debris, and dirt will prevent these elements from undermining the final finish.

 

3. Neglecting Painter's Tape

Painter's tape is a valuable tool for achieving clean lines and preventing paint smudging on adjacent surfaces. While skill level plays a role, beginners are advised to use painter's tape to enhance their painting precision.

 

4. Incorrect Primer Selection

Choose the right primer for your project to address surface issues like stains, efflorescence, alkalinity, and adhesion. The wrong primer choice can affect the durability and longevity of your paint job.

 

5. Skipping the Primer Step

Priming is essential for certain scenarios, such as color changes, painting old wood paneling, or dealing with peeling paint. Skipping primer can lead to early paint failures and increased frustration.

 

6. Inadequate Paint Quantity

Avoid falling short on paint by using online paint calculators and adjusting for factors like substrate type and condition. Proper planning ensures you have enough paint for a seamless finish.

 

7. Applying a Second Coat Prematurely

Patience pays off when it comes to applying a second coat of paint. Allow the first coat to fully dry before proceeding to ensure optimal adhesion and a smooth finish.

 

8. Choosing the Wrong Paint Type

Consider the substrate and intended usage when selecting paint. A mismatched paint type can lead to premature paint failure and increased costs.

 

9. Mismatched Paint Brush Selection

Using the right paint brush is essential for proper application. Synthetic bristle brushes are ideal for water-based paints, while natural bristle brushes work well with oil-based paints.

 

10. Skipping Paint Testing

Conduct a color test before committing to a full paint job. Observe how lighting affects the color throughout the day to ensure you're happy with your choice.

 

11. Rushing Through the Project

Patience is key to achieving quality results. Take your time to ensure each step is executed carefully and thoroughly.

 

12. Ignoring Environmental Factors

Consider external conditions like humidity and temperature, which can impact drying times and paint adhesion.

 

13. Neglecting Proper Ventilation

Ensure proper airflow to aid paint drying and reduce exposure to fumes. Open windows and use fans for a well-ventilated workspace.

 

14. Overloading Your Brush or Roller

Avoid drips and streaks by lightly and evenly loading your brush or roller with paint.

 

15. Failing to Maintain Consistent Pressure

Maintain consistent pressure for even texture and color distribution. Steady hand movements ensure a professional finish.

 

16. Not Allowing Sufficient Drying Time

Resist the urge to handle or move painted surfaces before they're fully dry to avoid smudging or damage.

 

17. Disregarding Cleanup and Storage

Properly clean and store painting tools to prolong their lifespan and ensure they're ready for future projects.

 

18. Underestimating the Impact of Lighting

Consider how different lighting conditions affect paint colors. Test samples in various lighting scenarios before finalizing your choice.

 

19. Overlooking Trim and Details

Pay attention to trim, corners, and intricate details for a polished and cohesive finish.

 

20. Not Seeking Professional Advice

If you're uncertain, seek guidance from experts or professionals to ensure successful project outcomes.

 

By steering clear of these common painting mistakes and approaching your project with careful planning and attention to detail, you'll be well on your way to achieving a stunning and flawless painted space that enhances the beauty of your home. Happy painting!

Posted in Real Estate Talk
Aug. 13, 2023

Things to consider when remodeling your home

Thinking about giving your home a fresh look? Don't overlook the heart of your home – your kitchen. We're here to offer guidance, providing you with a variety of kitchen design ideas that can inspire your upcoming renovation project.

 

To help you get started, we've gathered some valuable insights to assist you in reimagining your kitchen space. When planning a kitchen design, it's crucial to prioritize functionality while also incorporating an appealing design that complements your needs. From selecting the right lighting to ensuring ample seating and storage, it's important to define your essential kitchen design concepts before delving into the specifics. Keep in mind your budget as well; understanding your financial parameters will guide your choices when it comes to materials and styles.

 

Once you've established the foundational elements and budget, you can start infusing your unique style into the space. Consider elements like glossy backsplashes with playful patterns, eye-catching drawer handles, and sink faucets with the perfect metallic finish. Ahead, you'll find a collection of expert tips to ensure your kitchen remodel is a success in terms of both functionality and aesthetics.

 

Are you considering an open floor plan for your kitchen? Think about how you envision the kitchen's role. Will it be a central gathering spot for family and meals? If so, a spacious kitchen island with seating is essential. However, if you foresee regular use of the dining area, take a moment to consider whether a kitchen eatery is the right choice.

 

Another critical factor is the seamless connection between the kitchen and adjacent spaces, ensuring a smooth transition that enhances the overall flow.

 

Maximizing storage is always a wise decision. Explore innovative kitchen storage solutions that make the most of every inch of space. From storing plates in large drawers at a lower level to concealing coffee bars behind discreet doors, there are numerous strategies to optimize your space while maintaining a tidy appearance.

 

Thoughtful lighting choices play a significant role in setting the mood. A combination of lighting styles can create a balanced ambiance. Pendant lights or multi-light chandeliers can illuminate the island, while surface-mounted lights can brighten both the ceiling and the space below. Recessed lighting, especially with dimmable options, can help set the right atmosphere for dining and entertaining. Don't forget the importance of under-cabinet lighting.

 

This attention to detail extends to practical elements like the stove hood. A sleek stove hood can be a stylish addition above a subway tile backsplash, complementing other design elements without overwhelming them.

 

Enhancing the kitchen's overall look often lies in the smaller touches. Hardware and faucet choices can make a significant impact. Warm-toned metals like brass are a popular choice, offering a variety of shapes and finishes. Explore options ranging from matte black to champagne bronze at your local hardware store.

 

When it comes to cabinetry, take your time to consider your options. Explore different possibilities, from solid finishes to glass-front options that offer a balance between accessibility and aesthetics. Keep in mind the pros and cons of each choice as you decide what fits your vision. Transparent "window" cabinets could be the missing piece that adds character to your current design.

 

While the classic charm of a white kitchen is timeless, introducing vibrant colors can add personality to your space. Consider eye-catching wallpapers or paint cabinetry in your favorite color. Alternatively, opt for subtler accents, such as a contrasting wood finish for the island. Textured wood finishes are gaining popularity, adding a touch of nature-inspired sophistication.

 

Backsplashes provide an opportunity to showcase your personality. Choose from options like crisp quartz for a clean look or colorful glass tiles for a bold statement. Marble mosaic patterns can introduce a touch of elegance and sophistication to a simple kitchen design.

 

White marble countertops are coveted, but they can be high-maintenance. Consider the practicality of engineered stone options like quartz, which is durable and resistant to scratches and stains. Combining quartz for perimeter countertops with natural stone for the island can create a harmonious balance.

 

Integrated appliances can transform your kitchen, seamlessly blending with your cabinetry for a cohesive appearance. Ranges are available in a variety of finishes, including vibrant colors, adding a unique focal point to your space.

 

The era of closed-off kitchens is behind us. For a seamless transition between the kitchen and other living spaces, maintaining consistent flooring is essential. In cases where distinct flooring is preferred, consider underfloor heating for tile floors in cooler climates. This not only enhances comfort but also adds texture or patterns that tie the design scheme together.

 

The ceiling is an often overlooked canvas for design. Incorporating the ceiling into your design can be as simple as using a contrasting color or as intricate as adding beams, wood planks, or applied coffers.

 

Regardless of your kitchen's size, having a few stools at the island can be convenient for casual dining or as a spot for guests to chat with the cook while meals are prepared.

 

Working with limited space? Incorporating a banquette into the kitchen can be a smart move. Positioned under a window, in a corner, or even as an architectural divider, a banquette can add both functionality and aesthetic value to an open-plan kitchen.

 

Armed with these insights and ideas, you're well-prepared to embark on your kitchen remodeling journey, creating a space that seamlessly balances functionality and style.

Posted in Real Estate Talk
July 24, 2023

How accurate is a Zillow zestimate in Mesa, AZ

Zillow seems to be the go-to source when it comes to finding out information about their homes’ value and what is for sale in the area. Lots of sellers have used Zillow zestimates to decide how much to sell their home for. The question is how accurate is Zillow?

Zillow gets it’s zestimate from the surrounding homes on the market and it does an alright job, but in an area like the Phoenix metro it can’t always take into account the major price differences between neighborhoods that could be right next to each other. In Mesa it can be especially difficult due to the diversity of neighborhoods and their diverse offerings of amenities in close proximity to each other.

For example, in Mesa I recently had to find the value of a home on Hawes Rd just north of McKellips. I noticed that the zestimate was about $80,000 high, because it was comparing the home to homes in the Mountain Bridge community just south of McKellips. These homes are within walking distance of each other, but Mountain Bridge is a neighborhood with many more amenities that add value as well as the homes are about 30 years newer. This is just one example of how a computer model might miss something that a human real estate agent would easily spot.

When checking on a homes zestimate if you click on the zestimate an information box will pop up that says, “The Zestimate is Zillow's best estimate of this home's market value. It is not an appraisal and it should be used as a starting point.” I agree with that statement by Zillow. It is a great starting point to see if you’re at least in the ballpark, but it by no means should be your only source of information.

 

According to Zillow at the time of writing this article 87% of their zestimates are withing 5% of the actual value of the homes. Mesa has a median home price of $426,000 which would mean that they could be off by just over $21,000. I know from my own experience that a home at that price range would sit on the market because buyers wouldn’t want to pay an extra $21,000 for that home. On the flip side if you listed your home for $21,000 less than it’s worth then you as the seller would be losing money.

I don’t think Zillow is bad. Afterall Zillow pioneered the ability for home buyers and sellers to see what is currently for sale without having to go into a real estate office. This made homebuying much more convenient and easier for millions of people over the past two decades. I think consumers should be aware that a Zillow zestimate shouldn’t be the standard that they use to value their home. A competent real estate agent should still be consulted when it comes to pricing your property, because even though computers and artificial intelligence have come a long way, they just haven’t been able to replace an actual human yet when it comes to valuing a home.

I have a home value estimator tool on this website, but I’ll be the first to tell you that it is only a starting point and an estimate and can help you get an idea of which way the market is moving.

Posted in Real Estate Talk
April 28, 2023

Can you Buy A House In Arizona With Cryptocurrency?

Can you Buy A House In Arizona With Cryptocurrency?

The short answer is Yes. You can buy a house with cryptocurrency. You can also sell a house for cryptocurrency. You can even do the whole transaction on the blockchain. This makes the transaction more secure and quick.

 

It’s completely possible to buy a house in Arizona using cryptocurrency. I’m not talking about you having to liquidate crypto into cash and then purchase. I mean you can legitimately pay for the home using cryptocurrency.

 

When I have a client that wants to purchase a house using cryptocurrency I have a special title company called Propy that is capable of accepting payment for the house in crypto and can then pay the seller in crypto or exchange it into cash for the seller if they so desire.

 

I’m really excited for this new ability that Propy provides, because it will allow more people to be able to purchase a home using crypto, but could also bring more legitimacy to the crypto community by tying it to real property. It will also allow sellers to accept offers from more buyers and not cut them out simply because they don’t use fiat money.

 

Propy is a special title company that specializes in this type of transaction as well as having the appropriate legal support to carry out such transactions. This is important since in real estate transactions it is important to Know Your Customer (or KYC in short) to avoid money laundering.

 

The title company also has the ability to make an NFT for your property that can be transferred on the blockchain while simultaneously transferring ownership rights of the actual property in the local jurisdiction of the property itself.

 

Propy has all of these abilities while still doing everything else a traditional title company would do as well. This doesn’t limit them to only dealing with cryptocurrency and NFT’s but allows them to bridge the gap between current title practices and title practices of the future.

 

I’d have to say my favorite thing Propy is doing is allowing people to use the value they have stored in their crypto wallets and purchase something as stable as real estate. If you want to know about purchasing a home using cryptocurrency in Arizona give me a call at 480-252-3608.

 

Posted in Real Estate Talk