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Arizona real estate listings

admin — Sun, 02 May 2010 02:49:06 +0000

Arizona Real Estate Listings

Are Enticing Purchasers

Arizona real estate listings are disappearing like never before! Back in the month of January of 2001, at the height of the real estate bubble, there were 114,402 Arizona real estate listings. The following year, as builders kept making new upscale residences, that number had risen to 125,738. Over the next few years, housing stock fluctuated: up to 133,424 in 2003, back down to 127,625 in 2004, up to 143,988 in 2005, up to 173,363 in 2006 and down to 165,615 in 2007 and 162,181 in 2008. Then, in 2009, something strange occurred : Arizona real estate listings dropped sharply to an amazing 62,653! Despite the recession and all the tales of “doom and gloom” across the nation, the Phoenix MLS was reporting nonstop house sales. From January to February, 1,095 homes sold. Housing inventory began to creep back up from February to March, but March to April witnessed more than 3,000 Arizona real estate listings disappear! The latest figures from June exhibit that houses are still moving by the hundreds.

So what gives? What makes Arizona real estate listings and Phoenix real estate listings such hot commodities? One would logically assume that builders and sellers are simply slashing prices to easily entice buyers into foreclosed properties. However, the Arizona Real Estate Multiple Listing Service reports that prices have remained stable. In March 2009, the average price of new listings in the Phoenix MLS was $247,507 and in April 2009, the average Arizona real estate listings price had actually gone up to $251,019! By May, the average price had dropped back down to $247,508, which shows that surely list price cannot be the primary motivator for these unbelievable sales. (Although it should be noted, the prices have come down a modest $18,102 since 2001.)

Despite the list prices, the average sales price of Arizona real estate listings have been tardily, but steadily, rising since the March low of $159,080. In April, sale prices crept to $159,681 and in May, they skipped up to $163,486, which shows a market on the rebound. The majority of houses in the Phoenix MLS are selling between $150,000 and $350,000, indicating a balanced market.

There are many possible reasons for the rise in sales of Arizona real estate listings. One is the low mortgage interest rates, which are well below historic averages, alluring purchasers to “get in while the getting’s good.” Another reason is that big home auctions are getting desirable properties into the public’s eye. Thirdly, in April, Arizona received $121 million in funding to aid bolster its housing market, renegotiate mortgage loans and stop real estate foreclosures. The Phoenix real estate listings region received the most cash, with $39.4 million going to aid homeowners. Some homeowners are saving as much as $20,000 off the price of their Arizona real estate listings through a program called “Your Way Home AZ.” Lastly, the $8,000 First-Time Homebuyer Tax Credit offered through the federal government until December 2009 is exciting new homeowners. Arizonans are realizing that Phoenix real estate listings offer stable prices, fair market values and excellent opportunities.

Miami Real Estate Listings – Selling Your Home in Miami Real Estate Market

admin — Fri, 18 Dec 2009 22:40:50 +0000

The real estate in Miami constitutes the most desirable properties in the world. However, if you have decided to sell your home in Miami real estate, there are certain things you need to consider. Selling your home may not be a simple task; thereby you need to appoint a real estate agent to assist you in your venture. Your agent will help you to put up a listing in the Miami Real Estate Market. The following are some guidelines that you need to pursue while listing your property.

Introduce your real estate in a reputed realty group that offers listing services in Miami. Complete your real estate listing and provide accurate information. Craft the listing in such a way that it is easy enough to understand as well as tempt your prospective buyer to know more about it.

You can opt for online real estate listings, as they are one of the best marketing tools these days. You can create stunning online visual portfolios, which will play a vital role in marketing your property. With the help of several technological advances you can allow your prospective buyers to inspect your property from every angle. This will also help you to get buyers from different city and states, willing to buy real estate in Miami.

Include the basic facts in your listing, such as the area of your property, number of bedrooms as well as the amount of property tax paid. Give a brief detail about the attractive selling points of your real estate, like remodeled master bedroom, large car parking lot, or even its location. Add color pictures of your property to support your written listing.

Be honest while being factual. It is better not to manipulate the facts as the buyers will not be interested to work with you if your claims are inflated. Moreover, in Miami, not disclosing all the facts about your real estate is against the law.

Facts to check out while listing your real estate in Miami:

Place your property in multiple listing services covering all of Miami.

Opt for listing your real estate in national and international commercial listing and analysis database systems.

Organize a detailed value analysis of your property.

Use local newspapers and classified magazines such as Miami Herald, Miami Today, Sun Sentinel, Business Monday, Daily Business Review and South Florida Business Journal for classified and display ads of your real estate.

Do You Need A Real Estate Appraiser When Buying A Home Or Condo?

hanun — Fri, 30 Oct 2009 14:58:36 +0000

If you are considering purchasing or selling a home, condo or any other type of real estate, you will most likely need the services of a real estate appraiser. An appraiser performs an assessment of properties and other types of real estate to help establish its value. While there are several methods appraisers use to establish the value of real estate (e.g. cost method, income method, and comparison method), for residential properties, the comparison method (also known as market value) is the most common approach. The appraiser’s job is to provide an opinion about the value of a property based on its “highest and best use.” If you are financing the purchase of a property, your lender will normally require an appraisal to make sure that the property is really worth the amount loaned.

The real estate appraiser is tasked with carrying out a completely objective assessment of a property and will normally provide a written evaluation report. This is accomplished by a physical inspection of the property, as well as a comparison to other similar properties for which the value is already established. To make a determination about value, the appraiser gathers details such as the size of a property, size of the lot, location, condition, best use of the property, amenities, etc.

After this initial inspection, the appraiser may scout the neighborhood to compare the property with other similar properties in the neighborhood by age, size, price range, etc. The appraiser then gathers additional data from several sources such as the local Multiple Listing Services (MLS), which provides information on current and recent comparable sales. The appraiser also gathers information from his/her own past experience in the local market. All of these sources of information are taken into consideration while writing the appraisal report, which will provide an estimate about the value of a property.

There are many reasons to use the services of a qualified appraiser. When purchasing real estate, an appraisal provides you with a negotiating tool and helps ensure that the price you are paying is appropriate. If you are selling your property, the appraisal will help you determine an appropriate price range. Besides real estate and mortgage transactions, you may need to order an appraisal to lower the tax burden (assuming the value is really lower than the value established by taxing authorities), to establish the replacement cost of insurance, to settle an estate, etc. An appraiser only gives an estimate of the value of the property. A real estate appraiser is not to be confused with a home inspector.

If you are considering buying or selling a home, condo or any other type of real estate, you can use the services of a qualified real estate appraiser who will provide an estimate of the fair market value of your property.