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Home Sales Slow Amid Strong Prices, Low Inventory

Home Sales Slow Amid Strong Prices, Low Inventory

Home Sales Slow Amid Strong Prices, Low InventorySeptember became the fifth month this year to post a decline in home sales compared to a record-setting 2016, while marking the 71st consecutive month of rising sale prices year-over-year, according to the October RE/MAX National Housing Report. Joining August, July, April and February, September home sales dropped 4.2 percent year-over-year in the report’s monthly analysis of housing data in 54 metro areas. Going in the opposite direction, the Median Sales Price increased to $225,000. Though the lowest price since March, it was 2.3 percent higher than September 2016. The last month when home prices did not increase year-over-year was October 2011.

“We’re not seeing any relief from the nationwide housing shortage as we enter the typically slower fall and winter selling seasons,” said Adam Contos, RE/MAX Co-CEO. “Plain and simple, we need more homes, particularly at the entry-level price point. Until then, it will most likely continue to be a seller’s market with homes going from listed to sold quickly.”

In the wake of Hurricane Irma in early September, Miami saw home sales drop 35.2 percent year-over-year. Houston, meanwhile, posted a 3.2 percent gain despite the impact of Hurricane Harvey in late August. At 3.6, the Months Supply of Inventory was the lowest of any September in the report’s 9-year history. Twenty-three markets are at 3 months or less. Of the 54 metro areas surveyed in September 2017, the overall average number of home sales decreased 14.9 percent compared to August 2017 and decreased 4.2 percent compared to September 2016. Download your copy of the October 2017 RE/MAX National Housing Report here.

Want to know more about the current real estate market? Click here to download your copy of the October 2017 RE/MAX National Housing Report. If you are looking to sell your Arizona home or are ready to buy a Phoenix home, please contact The Voss Team today.

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

thevossteam.com

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3 Halloween Home Safety Tips for a “Spooktacular” and Safe Night

3 Halloween Home Safety Tips for a “Spooktacular” and Safe Night

have a safe and happy halloweenHalloween is the time for little ghosts and goblins to rule the night seeking tricks and treats throughout the neighborhood. It’s even a time that adults can enjoy as well. Because of this increase of traffic on October 31st, it’s important to take precautions so that you and yours can enjoy the evening without anyone getting hurt. Here are 3 Halloween home safety tips for a “spooktacular” and safe night.

1.) Light the way for trick or treaters: Passing out candy this year? Be sure your front yard and walkway are free and clear to avoid tripping hazards. Having your porch light on or well-lit decorations will help it so that every little boy and ghoul can make it to your front door hazard free. And if you’re planning n using real candles inside a jack-o-lantern or to light your walk-way consider safer options. The National Fire Protection Association warns this type of lighting causes a fire hazard to your home. Instead of real candles, opt for LED tea lights or wind a string of orange lights around your front porch.

2.) Protect your pets and partiers: Got a furry friend who normally loves company? On a night filled with masked arrivers and excessive doorbell ringing, all the noise and activity could frighten your favorite feline or Fido and causing them to get underfoot or worse, accidently bite a trick or treater. It’s best to keep your pets safely locked up to keep them and your guests safe.

3.) Indoor safety isn’t scary: If you’re hosting a party or an open haunted house, be sure to check your fire alarms to make sure they’re operating effectively. Also, keep decorations like crepe paper away from carved pumpkins and open flames. The U.S. Fire Administration also recommends making sure any decorative lights you plan to use have sockets, wires and connectors that are in good working order before use.

Have more safety tips? Please feel free to share them on our Facebook page. The Voss Team wishes you and safe and spooktacular Happy Halloween!

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

thevossteam.com

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Sell Your Home this Fall with these 3 Helpful Tips

Sell Your Home this Fall with these 3 Helpful Tips

Sell Your Home this FallThere’s something about the drop in temperature and clear, crisp days of the Arizona autumn that makes outdoor activities just that much more enjoyable. Fall is also a wonderful time to sell your home. In fact, fall is the second most popular time to sell homes. Maybe it’s the reinvigorating cooler temperatures of football season or the awesome local events, but buyers seem just that more motivated to close around this time. So if you’re listing your home this season, here are 3 helpful tips to sell your home this fall.

1.) Move-in Ready: When potential buyers are looking to purchase a home this time of year, they typically want to be in their new home before the holidays. Making your home move-in ready helps make that transition just that much easier for your buyer, and can help set you apart from the competition. Taking care of repairs so buyers don’t have to makes a great first impression, so be sure to highlight the upgrades and improvements.

2.) Staging Success: Whether you’ve got a designers eye or hire a professional, the process of staging a home has repeatedly proven to help sellers receive offers more frequently and faster than an un-staged home. Because buyers want to visualize themselves and their possessions in your home, staging help makes that easier for them to do. Clearing clutter and emphasizing the positives your home offers can help sell your home this fall faster than you expect. Don’t be afraid to play with the décor of the season and add some cozy, tasteful accents and colors to help buyers feel a more warm welcome in your space.

3.) Up your Curb Appeal: We all know the Arizona monsoons from summer can do a number on our exteriors leaving behind filthy windows, dust, dirt, debris, and dead plants. Seeing how this doesn’t exactly scream “warm and inviting” it’s in your best interest to make sure the outside of your home looks just as clean and inviting as the inside. Power wash those windows ‘til they shine, rid your landscape of unsightly summer weeds, and make sure you have no burnt out exterior bulbs. A clean home brimming with charming fall curb appeal will take much better listing photos than one without.

If you’re looking to sell your home this fall or looking to buy a home in Phoenix before the holidays, please contact The Voss Team today.

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

thevossteam.com

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3 Helpful Hacks to Design Your Home for Resale

3 Helpful Hacks to Design Your Home for Resale

3 Helpful Hacks to Design Your Home for ResaleFall in Arizona is one of the most popular home-buying seasons in the Valley. And with temperatures like these and beautiful desert landscape in full bloom, it’s easy to see why. So if you’re selling your Arizona home this season, you may be surprised to find you’re not the only listing in your neighborhood. So what can you do to make sure to add pizzazz to your home, make it stand out, and help it sell? Here are 3 helpful hacks to design your home for resale to attract potential buyers.

1.) Let the curb appeal speak for itself: Your front yard is the first thing that buyers will see, and first impressions are lasting. Lawns should be clean and free of weeds and clutter. Remove any dead plants and add a homey touch that helps visually appeal to home buyers.

2.) Revamp your kitchen and bath: Kitchens and bathrooms are often the first thing buyers gravitate to. If you can afford new cabinets, go for it! Small budget? Just add new cabinet hardware to dress up existing cabinetry. Refinish your tile flooring or your countertops if they need a new look. Take it a step further and add new plumbing fixtures or matching sleek appliances.

3.) Give buyers more space: Most home buyers want large spaces for their belongings. Remove clutter and allow plenty of room to walk around furniture. Open window coverings let in natural sunlight and visually provide more space. A few decorative mirrors can also help provide the illusion of a more spacious room.

If you’re looking to sell your Phoenix home this fall or looking to buy a new home in Phoenix, please contact The Voss Team today and receive a complimentary analysis of your home’s approximate present value on the market today.

 

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

thevossteam.com

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4 Fall Curb Appeal Hacks to Attract Buyers

4 Fall Curb Appeal Hacks to Attract Buyers

4 Fall Curb Appeal Hacks to Attract BuyersPlanning to sell your Phoenix home this fall? Don’t forget to add some fall curb appeal to catch the eye of potential buyers. The term “curb appeal” derives from real estate sales and home design. For years, buyers have formed their first impressions of homes while standing in the street or sitting inside the car, just beyond the curb. The initial drive-by would determine whether or not they would go for an actual showing. Curb appeal was always the single most important piece of the home sale puzzle and it’s still relevant today. Here are 4 fall curb appeal hacks to attract buyers.

1.) Autumn Wreath: Add a burst of bold fall color to your front door with a beautiful floral wreath. The traditional autumn foliage colors or rich reds, rusts and burnished gold tones will give your entry a seasonal boost.

2.) Pumpkin Spice: Nothing says autumn quite like pumpkins, dried gourds, winter squash, and bushels of fall-blooming flowers. Adding a pumpkin or a cluster of small colorful winter squash near your door or planting some fall-blooming flowers add a great eye-catching element to your curb appeal and helps potential buyers feel more at home. Just remember to keep fall décor simple because less is more.

3.) Spruce up your yard: While brilliant fall foliage can automatically make your home look more attractive for showings, that doesn’t mean you can slack off on lawn maintenance during this season. Keep falling leaves at bay with frequent raking and patch up any brown spots in the grass.

4.) Fall lights: As the days get shorter, it becomes increasingly important to provide potential homebuyers with a safe path to your front door. Use decorative lights to illuminate walkways, and install flood lights or lanterns to brighten up entrance areas.

Need help selling your Phoenix home? Ready to buy a home in Phoenix? Contact The Voss Team today. We’re here to guide you through every step of the process for a knowledgeable and unforgettable real estate experience.

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

thevossteam.com

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Top 10 Questions to Ask Before Listing Your Home

Top 10 Questions to Ask Before Listing Your Home

Top 10 Questions to Ask Before Listing Your HomeReady to sell your Phoenix home this fall? Choosing the right REALTOR® to sell your home can be difficult, especially when they all sound so convincing. And most of the time, when it comes listing your home, the only questions you usually have for your agent is how much can you sell your home for and how fast can it be sold? Beyond that, real estate agents say few sellers take time to ask additional questions, and many hire the first agent they meet, according to data from the National Association of REALTORS®.

These top 10 questions to ask before listing your home will not only help you select the right Realtor®, but to also get the very best from the agent you choose.

  1. Do you work as a full-time Realtor?
  2. What is my property worth? What listing price do you recommend? How did you arrive at that price?
  3. Do you have references that I can check?
  4. How will you set my listing apart from the crowd without costing me more money?
  5. Do you handle incoming property inquiries?
  6. How many listings do you have at this time, and how does this work to my benefit?
  7. Do you have a help system to see that no details are overlooked?
  8. How many potential buyers and sellers do you speak with each day? Each week? Each year?
  9. In what ways will you encourage other Realtors to sell my home?
  10. How do you promote properties on the Internet?

If you’re thinking of selling a home in Phoenix the Voss Team can help you navigate through each step of the process to assist you with making the best real estate investment decisions. Let us help you with your real estate investment goals. Contact us today!

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

thevossteam.com

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Housing Ends Summer Strong; Only Slight Inventory Relief

Housing Ends Summer Strong; Only Slight Inventory Relief

Housing ends summer strong only slight inventory reliefU.S. home sales in August extended a summer of strong demand and weak inventory that once again resulted in listings with short shelf lives. In addition to the normal late summer real estate trends, a primary focus during the next month will be on housing in specific markets affected by natural disasters like devastating wildfires and hurricanes Harvey and Irma.

The September 2017 RE/MAX National Housing Report shows August sales topping July by 2.8 percent, but finishing 0.84 percent below August 2016 which remains the best August in the report’s nine year history. Houston, where Hurricane Harvey made landfall on August 25, already experienced a 21.3 percent drop in sales from July and a 27.5 percent decline year-over-year. Other notable numbers include:

  • Inventory in the report’s fifty-four markets declined 3.9 percent from July and 13.7 percent from a year ago
  • Days on Market have dropped to forty-seven – the fastest listing-to-sale average for any August.
  • The Months Supply of Inventory, while continuing to rebound from a May low of 2.6, settled at 3.1 months and set another report record for August.
  • After hitting $239,950 in July, the median sales price dipped to $236,475 in August but still finished 5.4 percent higher year-over-year.

“Overall, we’re still seeing home prices rise year-over-year at just above historical averages — even with slightly declining nationwide prices in August, which is an expected annual pattern,” said Adam Contos, RE/MAX Co-CEO. “The data shows that home hunters continue to experience very limited inventory and increased competition, and home sellers are benefiting from quick sales for top dollar.”

Want to know more about the current real estate market? Click here to download your copy of the September 2017 RE/MAX National Housing Report. If you are looking to sell your Arizona home or are ready to buy a Phoenix home, please contact The Voss Team today.

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

thevossteam.com

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Do These 3 Hacks Before Moving In

Do These 3 Hacks Before Moving In

do these 3 hacks before moving inAfter you close on your new Phoenix home, the moving frenzy can feel like an ongoing series of to-do lists to no end. And though it’s tempting to take it easy and start arranging your furniture and hanging curtains the minute you get the keys to your new home, stop and remember to do these 3 hacks before moving in to your new place.

1.) Change the locks: Before you even so much as drop one box into your lovely new domicile, be sure to change the locks or have them rekeyed. You never know who may have a copy of the original keys and it’s better to be safe than sorry. You can pick up locksets at your local home improvement store and they are relatively easy to install yourselves.

2.) Locate the circuit breaker: Doesn’t sound super important, but locating the circuit breaker in your new home is one of the first things you should do prior to move in. There’s nothing worse than having a power outage during a move that leaves you struggling to find the breaker. Even if electrical testing during your home inspection went well, it still doesn’t hurt to know where your electric box and switches are. It’s also a good idea to label your switches clearly in case of emergency if they aren’t labeled already.

3.) Change the alarm batteries: It’s likely your fire alarm and carbon monoxide detectors were tested during the home inspection process of your home buying experience. But making sure your alarms have fresh batteries will benefit you in the long run. In the shuffle of moving in and getting settled in, it’s an easy step to forget that could save lives later.

Remember to do these 3 hacks before moving in to your new home and you’ll have just that much less on your to-do list as you settle in to your new home. Looking to buy a home in Phoenix this fall? Contact The Voss Team today, and we’ll help you navigate through each step of the process to assist you with making the best real estate investment decisions and find the perfect home for you!

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste. 101

Glendale, Arizona 85308

thevossteam.com

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Top 3 Labor Day Safety Tips

Top 3 Labor Day Safety Tips

Labor Day is synonymous with the end of summer and the long holiday weekend, and is typically packed with celebratory events like backyard barbecues, final excursions to the lake, picnics at the park, and beach parties. But even festive events like these present hazards you should be aware of. Here are the top 3 Labor Day safety tips to keep in mind as you enjoy this federal holiday.

1.) Travel Safe: According to the National Safety Council, nearly 400 deaths result from motor vehicle collisions over Labor Day Weekend. A notorious road-trip weekend, it’s one of the busiest on the road. If you’re planning a weekend excursion make sure you’re well rested, plan for frequent rest stops, and divide driving duties if possible.

2.) Drink Safe: For many, it’s not a party ‘til alcohol is involved. But because drinking impacts your decision making, coordination, reaction time and vision, you may become more vulnerable to accidents and hazards. If you plan on consuming alcohol, setting a limit on how much you will consume. And as always, please don’t drink and drive. Arrange for someone to help you get home if you drink more than planned.

3.) Sun Safely: Just because Labor Day signifies the unofficial end of summer, doesn’t mean the sun isn’t still raging, especially in Arizona! If you plan to be outdoors barbequeing, boating or enjoying any other outdoor pleasures, please remember to use sunscreen and stay hydrated with water.

Remember, just because you’re taking a vacation doesn’t mean you need to take a vacation from safety too. Keep these top 3 Labor Day safety tips in mind and have a safe and Happy Labor Day weekend!

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

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Top 3 Home Safety Hacks

Top 3 Home Safety Hacks

top 3 home safety hacksBeing proactive and staying prepared in case of an emergency is good practice especially when it comes to protecting your home.  You’ve already invested quite a bit into your living space, so why not do what you can to protect it and yourselves? Here are the top 3 home safety hacks to help keep you and your home safe.

1.) Know your area risks: Thankfully living in Arizona typically promises over 300 glorious days of sunshine. But that doesn’t mean that the Grand Canyon State doesn’t have some area hazards to be aware of. Anything from a huge dust storm, power outage, or a flood has the ability to wreak havoc on your home. Knowing the about the natural threats common to your area and the typical times they occur can help you better prepare to protect your home.

2.) Check you alarms: An average of $12 billion in personal property is lost in fires each year. That’s why it’s best to routinely test your carbon monoxide and smoke detectors regularly. According to the U.S. Fire Administration (USFA), smoke detectors should be tested at least once a month and batteries should be replaced at least twice a year. Not only will this protect your property but doing so can also save your life!

3.) Have emergency numbers nearby: Having a list of important contact information in case of emergency somewhere that’s easily accessible to everyone is a must in every home. Even though in the digital age everyone has a cellphone and not many numbers committed to memory, it’s a good idea to have a list of important numbers such as the family doctor and poison control stuck on the fridge or dispersed in various areas in your home.

Home safety is essential to your quality of life and utilizing these top 3 home safety hacks are a good way to keep you and your property protected for years to come. Want to know more ways to protect your home? Looking to buy a new home to protect? Contact The Voss Team today!

Roberta Voss

The Voss Team

(602)-697-0730

7111 West Bell Road Ste 101

Glendale, Arizona 85308

thevossteam.com

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