Phoenix Homes for Sale Home > Phoenix Homes For Sale
Phoenix Homes For Sale in
a Slowing Real Estate Market
Why Hitting the Sweet Spot in Phoenix House Values Is Now Vital
If you've got one of the many Phoenix homes for sale, then you don't need me to remind you that throughout greater Phoenix, house values are dropping. Leading to more and more talk about a Phoenix real estate market downturn.|
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But what if you gotta sell your property? Now what? Three things determine how fast your home, faced with a cast of thousands of other Phoenix AZ homes for sale does move if you are trying to sell it. These rules apply in most markets most of the time. They are just amplified in importance in one that is slowing. I call them… Point on the Map Pretty as a Picture Price Price Price Point on the Map refers to location. Since as the age old real estate chestnut goes, it's location, location location. Which takes on added importance during a downturn. You can expect homes closer to jobs or downtown Phoenix will do better than those in outlying suburbs that have a long commute attached to them. |
Pretty as a Picture refers to the condition of your house. During boom times, when houses are in contract almost as soon as they are listed, cosmetics will be more easily overlooked. During a slow down, when buyers have more Phoenix, AZ homes for sale to choose from and time to consider them, cosmetics take on added importance. So for example carpeting past its prime, that might been overlooked before, should really be replaced now. You want your house to look Parade of Homes ready. Not like the parade went through it. Or else you should be ready for a long selling siege.
Tip: Nail down with your agent how open houses,
lock boxes, and showings will be dealt with. Do
that up front to avoid unpleasant surprises.
Price Price Price Gone are the days of anything goes when it comes to Phoenix area home prices. Multiple bidders. Not likely. Bidding wars? Forget about it. This is where a seasoned Phoenix Arizona Realtor can help.
For one they can help set the all important initial price.
Two they can help decide when to change course on pricing if the house isn't selling.
Three they are the mastermind behind your house's marketing campaign.
Granted Phoenix house values are admittedly in a state of flux right now. With a growing supply of Phoenix homes for sale you and your real estate agent need to hit the sweet spot of price, condition and location to insure a quicker sale. Still, given the influx of new residents, this too shall pass.
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