Keep Trying to Find That Sweet Spot When Selling Your Scottsdale Home
Posted by Judy Orr on
UPDATE - 11/2/2017 - This is an older post that was made in a declining market. The market is definitely better today but we still get sellers that want to list their homes higher than market value. Read the rest of this post to see why that's not a good idea.
A seller gets the most interest in the first week or two of listing a property. If they start out too high, buyers lose interest and move on to other Scottsdale homes for sale. That first wave of buyers might have purchased already by the time sellers price their home correctly, so their final reduction won't hit as large of an audience. I always remind sellers that unless they're lucky enough to find a cash buyer that falls in love with their home, it will have to appraise for any buyer…
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offer and there would be no further showings. I relayed this to my buyer, who was very upset because it was the top choice on her list.
We are in the worst market I have experienced since I started in the business in 1983. My welcome to real estate was interest rates that shot up to 18% and even higher. There was a lot of creative financing out there, and homes were still being purchased. The good news is that those high rates didn't last very long, and the market got back to normal much quicker than what we are experiencing today.
This post will teach you how to save yourself time and money as a Scottsdale real estate buyer in today's huge inventory of properties up for sale. There might be 50 or more properties for sale in your price range, but you don't need to view all 50 to find your home. You can start your search online using my home search. You can put multiple towns in, price range, and other amenities.
Home loans are presently at an all-time low. Currently, lenders are able to issue new purchase, refinance and FHA loans at rates that were previously unheard of. These rates are a result of the economic crash and housing market crash of 2008, and allow first-time homeowners, veterans and everybody else to purchase or refinance a home at prices and rates that have never before been seen.
door, and personally, I can't wait to get out of those homes, and in most cases my buyers feel the same. I've had buyers that have been so turned off by this that they won't even consider the home, even though it might be very nice and otherwise fit them.
Whether shopping for a new home in Scottsdale needing renovation or giving an old home a new look, several considerations need to take place. The most important consideration is, of course, safety.
bottom in real estate pricing in 2011.