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!

May 14, 2018

Cash Back Offer

Get 1% Cash Back on New Construction!

This is quite possibly the biggest secret in the business…

When you buy a new build, did you know that you can have a Realtor® negotiate on your behalf, review your contracts, represent your interests, and pay you an incentive? Every builder budgets at least 3% of the base price of the home as commission to a Realtor, whether there is one or not. If you don't have one, the builder keeps this money.

The builder's sales office represents the builder's interests, not yours. All of the salespeople are licensed Realtors®, which puts you at a disadvantage. Who looks out for you, to make sure the terms are fair, you aren't overpaying, and you don't lose your deposit over a technicality?

That's where we come in. In order to represent you, the builders require that we accompany you on your first visit to the sales office. When you fill out the builder's registration form, we also fill out a Realtor® registration form to ensure we can represent you. The builder pays us a commission, and in turn, we will give you back 1/3 of our commission (equal to 1% of the base price of the home).

How Do I Get My Rebate?

Step 1: We accompany you on your first visit to each builder as your Realtor®
Step 2: We negotiate a great deal on your new home
Step 3: At closing we will credit 1% of the base price towards your closing costs

At close of escrow, we will issue a credit from our commission equal to 1% of the base price of the home towards your closing costs. This effectively reduces the cash due at closing by the same amount, putting that cash back into your pocket.

VERY IMPORTANT—The builders require us to accompany and register you on your first visit to their sales office. They set the rules. Contact us before you visit the builder, otherwise we cannot represent you or pay the incentive.

The Sonny & Daniella Team Can Help

In such a competitive market, it's important to have the most updated information at your fingertips and the most experienced Realtors® at your side. We recently negotiated double the incentive for several of our new construction buyers, saving each of them tens of thousands of dollars above and beyond what they were able to negotiate by themselves.

Contact Sonny & Daniella today, or call (623) 824-4275, and let us help you get 1% cash back on your next new construction home!

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Posted in Special Promotions
March 16, 2018

Phoenix Metro Market Update

It's Definitely a Seller's Market!

Cromford Associates, publishers of the famed Cromford Report, has released its year-over-year market update. There is much for sellers to celebrate! Here are the key, valley-wide data points versus a year ago:

  • Inventory is down 14.2%
  • Median sales price is up almost 9%
  • Closed sales are up almost 9%
  • Months of supply is down from 3.6 months to 2.9 months

What Does it Mean?

Real estate prices are ruled by supply and demand. Inventory, or number of available homes for sale, is decreasing while the number of buyers vying for properties is increasing. Increased competition for fewer homes means higher prices. Median home prices are up almost 9% from a year ago.

Still On the Fence?

Get off and buy something! If you bought a $300,000 house a year ago, you would have $26,000 in equity today. If you were pre-qualified last year for $300,000, looked at some homes but did not buy anything, you could not afford to buy those homes today. A seller's market, unfortunately, means that buyers need to buy into the market or risk being priced out of the market.

The Sonny & Daniella Team Can Help

In such a competitive market, it's important to have the most updated information at your fingertips and the best Realtors® at your side. That's why our listing database is updated every 15 minutes, so you don't miss out on anything. We are also experienced negotiators and always get our buyers the lowest possible prices.

Contact us today and let us help you get your piece of the American Dream.

Cromford Report Real Estate Statistics for March

Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

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