Living 48 Real Estate Team

If you’re thinking about buying a home, you’ve probably received your share of advice from family and friends. Add to that the constant stream of TV shows, news segments, and social media posts that over-simplify the home buying process for easy entertainment. With so much information to sift through, it can be tough to distinguish fact from fiction. That’s why we’re revealing the truth behind some of the most common home buyer myths and misconceptions. Buying a home is a big decision, but it doesn’t have to be a scary one. If you arm yourself with knowledge and a qualified team of support professionals, you’ll be well equipped to make the right choices for your family and financial future. DON’T FALL FOR THESE COMMON HOME BUYER MYTHS Myth #1: You need a 20% down payment. Plenty of buyers are purchasing homes with down payments that are much less than 20% of the total cost of the property. Today, you can buy a home with as little as 3-5% down. There are mu...

It’s that time again for a “What’s Happening In the Market” blog!!! Each and every month I attend a Phoenix and ARMLS (Arizona Regional Multiple Listing Service) Market Update meeting where we review the previous month’s numbers and discuss the trends and seasonal fluctuations we see in the market. This blog is a quick recap of the information we discussed and I invite you to reach out to me with any questions you have or if you want to dive deeper into something. Market Factoids: Supply: 3.5 months - this number is down from the previous month Inventory: 91 days Active Days On Market: 99 days Closed Days On Market: 73 - up from the previous month Active $/SF: $224.64 - down from previous month Sold $/SF: $163.88 - up from the previous month Ave. Sold: $326,049.00 - up from the previous month Median Sold: $261,500.00 - up from the previous month As of the day we pulled the numbers there were 18,942 active listings in the MLS. This number is down by about 1% month over ...

Discover What Buyers Will Pay in Today's Market It’s easy to look up how much money you have in your savings account or the real-time value of your stock investments. But determining the dollar value of a home is trickier. As a seller, knowing your home’s worth helps you price it correctly when you put it up for sale. If you price it too high, it may sit on the market. But price it too low and you may be losing out on a good chunk of money (nobody wants that!). For buyers, it’s important to know a home’s worth before you make an offer. You want your offer to be competitive, but you don’t want to overpay for the property. Even if you’re not a buyer or seller right now, as a current homeowner you might just be curious about the value of your home. Keeping track of your home’s worth year over year helps you understand the trends in your market. So when you are ready to sell, you can take advantage of a good window of opportunity. The good news is, a trained rea...

Every year Keller Williams holds our HUGE National Convention. This year it was held in New Orleans, LA. Over 80,000 agents from around the world attended this amazing convention. We were proud to be there and a part of this historic meeting. You may be asking yourself, why do I care? Great question. You always hear me say how “hyper-local” real estate is and that is VERY true!!! That being said it is also very important to understand how the national and even international real estate market is doing and how those trends affect our local market. That is just one of the important pieces of market knowledge we get by attending. We are also trained on changes that are coming to the real estate market and how we can use these new tools and systems to best serve our clients. We connect with agents around the nation and even the world so that we have the relationships to help guide our clients when they are relocating or have properties to sell in other states. We drill down int...

If you’re a current homeowner, or in the market to buy, you’re probably curious about the latest trends in home design. Sellers who make strategic updates before listing a property can generate increased interest from buyers and, in some cases, a premium selling price. And buyers should consider which features of a home will need updating immediately (or in the near future) so they can factor renovation costs into their overall budget. Even if you have no immediate plans to buy or sell, we advise our clients to be thoughtful about the colors, materials, and finishes they select when planning a remodel. Making over-personalized or unpopular design choices could hurt a home’s value when it does come time to sell. And selecting out-of-style or overly-trendy elements could cause your renovation to feel dated quickly. To help, we’ve rounded up eight of the hottest home design trends for 2019. Keep in mind, not all trends will work well in every house. If you plan to buy, list, ...

Erik Nesheim Farmers Insurance 1423 S Higley Rd Ste 125 Mesa, AZ 85206-3450 480-330-0081 (Office) 480-330-0081 (Mobile) 480-835-5031 (Fax) enesheim@farmersagent.com http://www.farmersagent.com/enesheim So first, a HUGE thank you to my friend Erik Nesheim with Farmers Insurance for helping us out with this blog. Erik and I both serve in leadership positions with Network Together and that is where I met Erik. Erik was formerly an executive for 25 years with an extensive background in accounting and management. He has a business degree in accounting and a master’s degree in education. The masters was used for an additional educator career spanning ten years teaching business and math. Erik has been an agent with Farmers Insurance for four years and continues to aggressively grow his business. He specializes in auto, home, life, and commercial insurance. He is an investment advisor as well. He uses his business skills to assist businesses and individuals to he...

HAPPY NEW YEAR EVERYONE!! We thought it was high time to do a quick recap of how the 2018 Arizona Real Estate Market ended up and give you a few of our thoughts on what some of the trends moving into 2019 may be. Remember that real estate is HYPER-Local and so what you hear on the news may or may not (probably not) reflect what is happening in Arizona and even the information I will share with you here will be more valley wide and may not reflect what is happening in your neighborhood! Please contact me directly with specific questions and for detailed to you numbers! Let's start with some MARKET FACTOIDS. Supply: Overall we currently have about 3.0 months worth of inventory Active DOM(Days on Market): 106 Closed DOM: 67 Active $/SF (Price per square foot): $223.35 Sold $/SF: $164.71 Average Sold Sales Price: $326,462 Median Sold Sales Price: $260,500 A couple of points I want to make off of the factoids; first, you'll notice some discrepancies between the Active's...