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Old 10-21-2007, 11:50 AM
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Join Date: Sep 2007
Location: Phoenix,AZ
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Default Do You Have a House on the Market?

I was wondering home many people are trying to sell their houses right now?
Everywhere I go there are tons of houses for sale. How long has your house been on the market? I'm in Central Phoenix and want to list my house in the spring to move in the summer. Now I'm worried with so many house on the market that we won't be able to sell. Is the spring a good time to list? Does anyone have an amazing realtor that they would recommend for this area?
We are not historic yet but the paperwork is in. I'm hoping that people will want to live near the light rail once it's completed(huge mess right now!).
Thanks for any input you may have!
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Old 10-21-2007, 04:28 PM
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Join Date: Feb 2007
Location: Phoenix AZ but I need a beach.
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Quote:
Originally Posted by tideaz View Post
I was wondering home many people are trying to sell their houses right now?
Everywhere I go there are tons of houses for sale. How long has your house been on the market? I'm in Central Phoenix and want to list my house in the spring to move in the summer. Now I'm worried with so many house on the market that we won't be able to sell. Is the spring a good time to list? Does anyone have an amazing realtor that they would recommend for this area?
We are not historic yet but the paperwork is in. I'm hoping that people will want to live near the light rail once it's completed(huge mess right now!).
Thanks for any input you may have!

Spiff it up and price it right, that's the secret.
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Old 10-21-2007, 10:47 PM
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Join Date: Jul 2007
Location: Gilbert, AZ
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Quote:
Originally Posted by tideaz View Post
Does anyone have an amazing realtor that they would recommend for this area?
My realtors were fantastic and they have a really good marketing plan which is actually why I hired them. It was better than anyone else's I interviewed. They treated my little 1315 sq ft house like it was a million dollar mansion and they got my house sold at a higher price than any of the other realtors told me I could get. Not only that, I never felt like they were doing ANYTHING but working for me and having my best interests in mind and that seems to be rare in this type of market. I can't recommend them any more highly...

Brad and Stacy Sundin of the Sundin Group - THE SUNDIN GROUP | BEST Resource For Homes For Sale In Phoenix Area, MLS Map Search, Scottsdale Luxury Home Listings And More!

You can email Brad at Bsundin@cox.net... He does the client stuff and his wife does all of the marketing.

We just closed on Thursday and it was 22 days from the offer till close (sold on the first day). It was like a miracle in my price range....so many houses for sale. I was really scared before it went on the market that it would NEVER sell.

Good luck with your house!
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Old 10-22-2007, 12:06 AM
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Location: Phoenix,AZ
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Thanks for all the wonderful info!! That's really encouraging!
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Old 10-22-2007, 12:28 AM
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Two weeks ago I put my condo on the market. I have had one looker and he made a good offer, rescinding it because his family begged him not to leave Indiana. I have it priced right and when the buyers arrive for the winter I am certain it will sell.
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Old 10-22-2007, 11:37 AM
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If the market were normal we probably would have our house up for sale because were getting the five year itch. Fortunatly we built this house to live in with tons of options and it has everything we need so we figure... if you don't HAVE to move why would you add to the glut of houses on the market and put yourself through the whole hassle of selling at this point. I couldn't imagine packing stuff up and getting the house model perfect only to have one person every month or so show up to see it and to have to do that for what... maybe a year or more! I don't need that stress.
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Old 10-22-2007, 06:02 PM
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Quote:
Originally Posted by tideaz View Post
I was wondering home many people are trying to sell their houses right now?
Everywhere I go there are tons of houses for sale. How long has your house been on the market? I'm in Central Phoenix and want to list my house in the spring to move in the summer. Now I'm worried with so many house on the market that we won't be able to sell. Is the spring a good time to list? Does anyone have an amazing realtor that they would recommend for this area?
We are not historic yet but the paperwork is in. I'm hoping that people will want to live near the light rail once it's completed(huge mess right now!).
Thanks for any input you may have!
We have had our house on the market since March. We have planned to move out of Phoenix in the Spring of 2008 for a couple of years now. Once we saw how bad the market had gotten we decided to put our house up 6-9 months earlier than we had planned to give us plenty of time to sell. I honestly did not think it would take this long and there is nothing to tell us that we will sell any time soon. We have a beautiful sought after one story with a basement in a great neighborhood in the northwest valley. It is a bigger house (4000 sq.feet) and a higher price point but I still thought it might have sold by now. We were having quite a few showings over the summer but all of the people looking have their houses on the market and can't sell. It is a very frustrating market. It stinks for those of us who are getting penalized for what the investors did. My husband and I are natives who have decided that we would like to raise our family elsewhere. Hopefully we will still be off to Tennessee in the spring. If we don't sell by spring we will probably list our house for rent and see if we have better luck with that. Unfortunately that would mean we would have to rent where we move and can't use our equity to buy. This is a very frustrating market. If you are very set on moving in the summer I would list your house ASAP and at the latest January. My parents live in the EncantoPalmcroft area which is a historic neighborhood and there are tons of homes in there for sale that are not selling. I know their neighborhood is highly sought after.

Well good luck to you and thanks for letting me vent.
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Old 10-24-2007, 09:55 PM
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Location: Gilbert - Val Vista Lakes
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Quote:
Originally Posted by tideaz View Post
I was wondering home many people are trying to sell their houses right now?
Everywhere I go there are tons of houses for sale. How long has your house been on the market? I'm in Central Phoenix and want to list my house in the spring to move in the summer. Now I'm worried with so many house on the market that we won't be able to sell. Is the spring a good time to list? Does anyone have an amazing realtor that they would recommend for this area?
We are not historic yet but the paperwork is in. I'm hoping that people will want to live near the light rail once it's completed(huge mess right now!).
Thanks for any input you may have!
Spring is usually a good time to sell a home. However, sometimes it's just luck that a buyer comes along just as you have placed your home on the market.

It takes several things to get a home sold in this market, which has a 16 month supply of homes, as opposed to a normal market with a 6 month supply.

First, the home must be in top condition Staging helps, and staging consultation is a minimal cost that can help to bring a higher price. All repairs should be done in advance, and the home must be cue-tip clean. If the home needs repairs then you will attract investors and bargain hunters who want a discount for having to fix the home up.

A home inspection prior to placing on the market will uncover needed repairs and save time during the escrow process.

The home must be heavily marketed using a combination of paper media and very heavy internet marketing. The realtor you choose should detail their marketing plan to you so you know exactly how the home will be marketed.

Then the home must be "priced right", which simply means priced at the value that the market has placed on the home. That value is determined by the comparable homes that have sold within the last few months in your area. It also helps to look at the price the active competitive homes are listed at, and the prices of homes whose listings have expired.

With that combination, your home has a better chance of selling. But let's not forget Location, which is of tantamount importance. The location must be desirable.

Bill
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