Shara Terry, Real Estate Professional with Keller Williams Sonoran Living

Tuesday, March 25, 2014

Gorgeous Home for Sale in Arizona Country Club - Phoenix, AZ

This Arcadia home is a dream come true.  Just off the 17th hole of the Arizona Country Club's golf course, you will love the privacy and lifestyle this home offers.  Want to see more about this gorgeous home for sale in Arizona Country Club?  Click here.


Monday, March 24, 2014

Why a Low Number of Distressed Sales is Good News for Phoenix

 
There's been a lot of talk about the Phoenix Real Estate Market.  Things are starting to settle into a routine, and all of the statistics show that we've transitioned into a buyer's market.  

One of the things that I find interesting in all of this is the number of non-distressed sales.  The pie chart above shows that in February 2014, REO and Short Sales only accounted for 14% of the overall sales in the Phoenix Market.

So with all of the talk about a "Buyer's Market" hitting the papers, why do I think this is such a great time for sellers?  

We're seeing the market level out. Now that the distressed sales have gone down, we're seeing a more accurate market-value reflected in the prices of sold homes.  This gives appraisers a better feel for what a home is actually worth.  Of course, there are still neighborhoods that have a skewed value due to a high number of distressed sales.  But there are ways for us to appeal appraisals in neighborhoods that have that stigma.

Overall, the Phoenix Real Estate Market is a great place to buy or sell right now! 

Thursday, March 13, 2014

Buying vs. Renting - Which Costs You Less?

It's the age-old question in real estate when you're trying to find your next home - buy or rent?  Many people have a preconceived notion of which is best for them.  But over the years that I've been working with my real estate clients in the Phoenix area, I've noticed that sometimes it's not such an easy decision.