What Will 2011 Bring for the Real Estate Market?
Will Your Home Be Worth More in the Spring? This is a question anyone thinking about selling must ask. Should they sell now or should they wait for spring? There is a belief that many buyers come out in the spring and, with that increase in demand for housing, prices may appreciate. Unlike any year in recent memory, most experts believe there will be continuing depreciation of home values throughout the next 18 months. Right now the banks are still trying to straighten out the paperwork on thousands of foreclosures. Once that paperwork is corrected and the holidays are over, the flow of distressed properties coming to the market at discounted prices will begin again. I recently attended a meeting with Bank of America executives. Their sentiment was that by the end of the 1st quarter 2011, their held-back foreclosures would be on the market and they would be aggressively marketing them to relieve their inventory of these homes. This is just one of the many lenders with unwanted foreclosures on their books. What does this mean for you, the potential home seller? It means that you have a small window of opportunity to sell before the lenders put their properties on the market. If you plan to sell within the next year, you shouldn’t wait for the spring market. Price the home at a compelling price to make sure it sells in the next 60 days. I can assist you with pricing your home to reach your best advantage with buyers. Please call me today to make an appointment. Let’s get your home on the market ahead of the lenders’ inventory! What does this mean for potential buyers and investors? If you are financing your next purchase, get pre-approved now! Be ready for the vast number of homes coming on the market. If you want to invest in the best real estate market in decades, put your strategy in place. Don’t look back in five to 10 years and say, “I wish I had invested in Real Estate back in 2011.” I can assist you with this strategy and help you implement your plan. I have recently attended extensive training to help me better serve the investor market. I always put my education dollars and my time toward classes and seminars that will help me serve my clients to the best of my ability. I believe that investors and investment opportunities will be where much of my business comes from in 2011. Please call me to discuss these exciting opportunities today. Wendy is a full-time REALTOR who works diligently to serve her clients’ best interest. Whether listing or selling your home for your highest advantage or finding the perfect home to suit your needs, she is tireless in her efforts. Wendy holds the designations of Graduate of Realtor Institute (GRI), Accredited Buyer’s Representative (ABR), Certified Distress Property Expert (CDPE), Certified Investor Agent Specialist (CIAS), Short Sale and Foreclosure Resource (SFR), and Certified Negotiation Expert (CNE). In the state of Arizona, licensed agents are required to take only 24 hours of continuing education every two years. Wendy has well over 150 hours of continuing education for a two year period. She is well versed on the nuances of every type of residential transaction because of her commitment to stay informed. If you know of anyone who may be interested in receiving this newsletter, please send me an email or give me a call. I am always happy to add more subscribers to the list.
WENDY KIRTLAND, PLLC REALTOR, GRI, ABR, CDPE, CIAS, SFR, CNE
RE/MAX Fine Properties 21000 N. Pima Rd., Suite 100• Scottsdale, AZ 85255
eFax: 480.355.9514 WKirtland@FineProp.com
85026 PERMIT 1441
2010 Average Sales Price By City Glendale Phoenix Mesa Peoria Litchfield Park Tempe Gilbert Chandler Cave Creek Fountain Hills Scottsdale Carefree Paradise Valley
custom-made!
$133,864 $144,667 $161,627 $178,532 $203,519 $207,453 $209,190
Furniture Designed Specifically For You
$218,308 $361,841 $461,106 $523,385 $724,684 $1,446,583
2009 Average Sales Price By City Glendale Phoenix Mesa Peoria Litchfield Park Tempe Gilbert Chandler Cave Creek Fountain Hills Scottsdale Carefree Paradise Valley
$127,979 $129,479 $159,018 $189,403 $208,402 $222,263 $222,539 $231,523 $360,759 $483,854 $541,747 $772,884 $1,717,489
Statistics gathered from ARMLS. All information deemed reliable but not guaranteed. (Single-Family Residences)
Homeowner Tip Of The Month Don’t Let Pests Invade Your Home
Cooler temps are the perfect time for critters to move in. Here are some common places they like to hide: • Cracks and crevices in your home are common hotspots for snakes and bugs. • Trees, plants and dead leaves are ideal hiding spots for insects and snakes. • Drainage pipes are great nesting places for cockroaches and spiders. • Air conditioning vents are easy places for snakes to lurk. Information provided by American Home Shield Home Warranty Company
If your home is currently listed, this is not a solicitation for that listing.
Arizona Homeowner January | February 2011
Thank you to all of my clients that made 2010 my most exciting and successful year in Real Estate. I am truly blessed and grateful to all of you! I had the opportunity to assist many distressed homeowners sell their homes with dignity and avoid foreclosure; traditional sellers with equity sell their homes for their highest advantage; and I was able to help buyers take advantage of low prices and historically low interest rates. It does appear that I will be able to continue to do the same in 2011 – at least through the first half of the year.
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