Real Estate Information Archive

Blog

Displaying blog entries 1-6 of 6

Affordable and Easy Ways to Bring Buyers to Your Home

by Gary Nelson

Spring and summer months are always the best time of year to sell your home in Flagstaff. And it’s not too late to take advantage of this hot market.  So how do you make your home stand out from the crowd?  If your home looks like it’s taken care of, that will go a long way to making the sale. And the great news is that you can make your home have a great first impression without making a great impression on your wallet. Here’s a few tips.

1. Pressure-washing

If you get rid of the grit and grime that builds up during the winter on your home, it will make a huge difference, and it’s inexpensive. Just be sure that your pressure washer setting is strong enough to remove the mold and sludge without lifting the paint or splinter the wood. Renting a gas-powered pressure washer will cost about $80 a day.  Or better yet, spend a little more to buy one for later use in your new home.

2. A Pretty Porch

First impressions are everything, and your porch is going to speak volumes about the rest of the home.  Pat Vredevoogd Combs, a former National Association of Realtors®  president based in Grand Rapids, Michigan says he hears buyers say: “‘If they can’t keep up the outside of the house, what are they hiding on the inside?’” Keeping your porch clean is relatively easy and will make a huge difference.

3. Clean Outside Windows

This is not as hard as it sounds. If you use a cleaning product that attaches to your hose, it will be an inexpensive and easy task. Just spray the solution on the glass, and then follow with a rinse spray. Then just simply let it dry or squeegee it.

4. Paint the Front Door

In addition to your porch, your front door also tells a tale. So why not liven it up with a fresh coat of paint? If you use a premium one-coat exterior paint, it will reduce time and money as it doesn’t need a primer. Also use a semi-gloss as opposed to high gloss, as high gloss will reveal imperfections. All of this will cost about $35.

5. Shiny New Numbers

Does your house have those old small numbers that are hard to read? Buy some new ones that are shiny, big and bold. Get ones that are about 5 inches tall. Place them on the house by pretending you’re someone trying to find the house number that’s never been there before.

6. Porch Lights

Your porch light has probably never been replaced or cleaned, so now is a perfect time. Go with a contemporary finish like black, brushed nickel or oiled brass. And if you’re out of money, try using restoring wipes like Rust-Oleum or Rejuvenate to renew surfaces.

Just these few simple and affordable steps can help you sell your home faster and make more money.  So why not start now? Check back on our blog every week for more real estate and home care advice. 

Should You Sell Your Home By Yourself?

by Gary Nelson


Are you planning to sell your home in Flagstaff? Are you planning to use an agent or sell it on your own? You may have been told that selling your home without an agent will make you more money in the end. But is that really true? Sure, you would expect that a real estate agent would advise you not to sell your house on your own, or FSBO (For Sale by Owner). Maybe you think that real estate agents are just trying to use your home to make money just for themselves. But it really is in your best interest when selling a home to consider why using an agent to sell your home in Flagstaff will benefit you more than selling your home by yourself.

Just think about this fact. Selling a home is the largest transaction that most people make. This isn’t the same as selling an item on Facebook. There’s hundreds of thousands, possibly millions, of dollars at stake.  And the money is only the tip of the iceberg. You have legal matters, mortgages, mounds of paperwork, and plenty of people to negotiate with. The other thing to consider is how to determine the true value of your home.

Also consider that real estate agents have many years of experience and training in selling homes in Flagstaff.  Sellers usually do not have this experience. Your ability to negotiate will determine if you get the best deal for you and your family.

Here’s just a sample of some of the people you must be prepared to negotiate if you decide to FSBO:

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The termite company if there are challenges
  • The buyer’s lender if the structure of the mortgage requires the sellers’ participation
  • The appraiser if there is a question of value
  • The title company if there are challenges with certificates of occupancy (CO) or other permits
  • The town or municipality if you need to get the CO permits mentioned above
  • The buyer’s buyer in case there are challenges with the house your buyer is selling
  • Your bank in the case of a short sale

Over the past 20 years, the amount of sellers who have hired an agent has been rising. Gary Nelson and Realty Executives have the experience you need to sell your home in Flagstaff.  Call them at 928-225-3510 to start the process today. Don't lose out on the benefit of using an agent to help you get the most from your home sale.

4 Reasons to Sell Your Home in Flagstaff This Spring

by Gary Nelson

Spring has arrived and the home selling season is hotter than it’s been in a while.  This is great news if you plan on selling your home in Flagstaff.  Normally Spring is the best time of year for home sales. Yet this year stands out to be even more promising.  There are a number of reasons why selling your home this year during spring is going to be your best course.  Here are the top 4 reasons why selling your home this Spring is such a great idea.

  1. Strong Demand

Buyer traffic is strong in Arizona, according to a report by the National Association of Realtors. This is because home buyers are out in the market and buying homes right now. And more competition means you may end up getting more money for your home in the end.

  1. Less Competition

Over the past 32 months there have been fewer homes on the market. This is a good thing if you’ve been building equity in your home. Yet it may not last. The average number of years that homeowners stayed in their homes has been around 9-10 years since 2011.This was due to the previous negative equity that kept many homeowners from selling.As values rise, more people will sell.So don’t wait too long or you could end up getting less for your home.

  1. The Process Will Be Quicker

Competition is stiff in the Arizona real estate market, and that means more buyers will be ready in advance to buy your home. Getting pre-approved for a mortgage is one way they do this.Buyers are more likely to know what they want and how much they can spend, which really speeds up the process for everyone.

  1. Time to Move Up

Are you planning on moving into a better home?The good news is that higher priced homes are actually selling for less due to a higher inventory in the higher price ranges. So if you’re selling a starter home, your home will sell more quickly and you’ll be more likely to find a premium home.

This spring promises to be a boon for Flagstaff home sellers.  Gary Nelson and Realty Executives have the experience you need to sell your home in Flagstaff.  Call them at 928-225-3510 to start the process today.

5 Reasons to Use a Real Estate Agent When Buying or Selling

by Gary Nelson

Real Estate Agent

Whether you are buying or selling a home in Flagstaff, it can be quite an adventure. What you need is someone to guide you through this complex process so that you have success on this adventure. Some home buyers and sellers are tempted by instant gratification, so they may turn to selling or buying a home on their own.  This is called FSBO, or "for sale by owner." You've no doubt seen a few lawn signs around the Flagstaff area that say this. But is going it alone the best route?

The reasons you need to hire a Flagstaff real estate professional hasn't changed over the years. In fact, projections of higher mortgage interest rates and home prices has made it even more crucial to have help when buying or selling a home. Here are 5 of the top reasons you need help when buying or selling a home.

1. Do you want to deal with all the paperwork?

Arizona has regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true real estate professional is an expert in the Flagstaff and Arizona markets.  They know what paperwork needs to be completed and know how to do it. Save yourself that headache and let a pro take care of it.

2. What do you do when you find your dream home?

Many people don't realize that there are over 180 possible steps that need to take place during every successful real estate transaction. Do you know what they are? A real estate professional does. Let them take care of the process.

3. Are you a good negotiator?

Real estate transactions require negotiations with a number of parties. Most people are not familiar with this process or practiced in negotiation tactics. You need to negotiate with buyers (who want the best deals possible), home inspection companies, all the way to the appraisers.  There are at least 11 different people who you will need to be knowledgeable of, and answer to, during the process.

4. What is the home you’re buying/selling really worth?

Do you know what your home that you're selling in Flagstaff is really worth? Do you know what the home you're buying is worth? It is important for your home to be priced correctly from the start to attract the right buyers and shorten the amount of time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. According to a study by Collateral Analytics, FSBOs achieve prices significantly lower than those from similar properties sold by real estate agents:

“FSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.”

To get the most from your transaction, you need someone who's familiar with the Flagstaff market and can set the optimal price.  And if you're buying, you need someone who can tell if a home is set at the right price and can negotiate the best price.

5. Do you know what’s really going on in the Flagstaff, Arizona market?

There is so much information out there on the news and on the internet about home sales, prices, and mortgage rates; how do you know what’s going on in the Flagstaff area? Who do you turn to in order to competitively and correctly price your home at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a lowball offer?

Dave Ramsey, the financial guru, advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring a local agent in Flagstaff who has his or her finger on the pulse of the market will make your buying or selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

If you're buying or selling a home in Flagstaff, you can count on The Gary Nelson Group to help you through the process. You can search for the perfect home on our website using our powerful home search tools. And you can always feel free to call us at 928-225-3510 to talk to an experienced agent today to start you on your journey of buying or selling your home in Flagstaff.

Staging Your Home For a Faster Sell

by Gary Nelson

Are you getting ready to sell your home in Flagstaff? If so, you've no doubt realized already that there's a lot of things you need to do to get your home ready.  Getting your home ready to sell is called "staging."  You need to make sure that your home is staged so that it appeals to potential buyers. Think of it as if you were going to perform on stage.  Of course you would want to dazzle the crowd.  Staging your home for selling is no different.  You want to dazzle the buyers so that your home sells faster, as well as getting the most money.

As noted already, there's a wide range of items that can be spruced up in a home to improve it's selling points.  Here's a list of 30 items you can work on in your home for a more effective staging.

Here's a few highlights from that list:

Get rid of grime on bathroom walls.  You can easily get rid of surface mold by spraying one part water and one part bleach. A fresh coat of paint also helps.

Paint Dated Tile. That brown and orange tiles from the 70's may have been hip then, but not now. There's an easy fix though without replacing it.  Fist coat them with a high-adhesion primer, then a​ special ceramic epoxy covering. This will cost far less than replacing the tile and will bring you bath up to current styles.

Update the Fireplace.  Pain also works wonders on a fireplace that sticks out too much or has an old screen.  You can use a rag or brush to rub a light coat of paint on the bricks.  Make sure not to cover them completely.  You just want to change the color.  Use the same color as the surrounding walls.  If the screen is old, you can clean it off and paint it with heat-resistant spray paint. Just doing these two things to your fireplace will take it from old and ugly to spectacular.

Make sure to check out the full list above for more great ideas. Remember that a little really goes a long ways when it comes to effectively staging your home.

 

Are all the kids moved out and you have the house to yourself? Are you planning on retiring where you are or do you want to move somewhere more desirable? Are you living in a home that's beyond what you can care for?

Is there a way for you to match your current needs with your future goals?  The answer for you might be the equity you have in your house.

CoreLogic states in their Equity Report that the average homeowner has gained $14,000 in equity over the past year.  And the farther west you go, the higher it can be! So the question is, do you know how much your home has appreciated?

If your someone who's looking to find a smaller place to live, you could sell your home and use the profit to buy a smaller home or condo, while eliminating some of the maintenance of a larger home.

If you want to buy a vacation home, you could use the additional cash from the sale of your home to make a down payment on a vacation home in a place where you want to retire. If you can't afford to live there full-time, then you can rent it out during peak vacation times and pay off the mortgage faster.

Purchasing your retirement home now will allow you to take full advantage of today’s seller’s market, allow you to cash in on the equity you have already built, and take comfort in knowing that a plan is in place for a smooth transition into retirement.

There are many reasons to relocate in retirement, including a change in climate, proximity to family and grandchildren, and so much more. What are the reasons you want to move? Are the reasons to stay more important? Meet with a local real estate professional who can perform an equity evaluation to determine your options, today!

Displaying blog entries 1-6 of 6

Contact Information

The Gary Nelson Group
Realty Executives of Flagsaff
15 E. Cherry Ave. Suite 101
Flagstaff AZ 86001
Direct: 928-225-3510
Office: 928-773-9300
Fax: 928-774-1102