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KELLER WILLIAMS REALTY - THE GRIMALDO GROUP BLOG

Thursday, July 9, 2020   /   by Juan Grimaldo

In a seller's market like Phoenix, homebuyers can use 5 things as leverage

As home prices continue to rise in metro Phoenix and inventory remains low, it's clearly a seller's market.
The housing market is proving more resilient from Covid-19 than originally expected, and now buyer and seller activity is picking back up, said Michelle Meyers, Phoenix general manager for San Francisco-based Opendoor.
"The Phoenix housing market has rebounded better than expected, and we're seeing multiple offers on homes, especially if they are competitively priced," Meyers said. "I'm seeing sellers feel more confident and start to put their homes on the market in hopes of benefiting from an environment with low inventory and more buyers. And many buyers are motivated by historically low mortgage rates."





A fresh coat of paint and other quick cosmetic touch-ups are usually what sellers focus on when getting their homes ready, but there are hard-to-fix features that could drastically reduce their home values.
This can lead to unrealistic pricing and their homes ...

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Thursday, July 9, 2020   /   by Juan Grimaldo

Taylor Morrison reports best month in Scottsdale homebuilder's history

Taylor Morrison Home Corp. has reported the best month in the Scottsdale homebuilder's history, despite the Covid-19 pandemic.
The company finished June 2020 with a 94% increase in net sales orders year over year for a total of 1,715 and a monthly all-time high pace of 4.3 average sales per community.
It's not as if the company was immune to Covid-19, as those economic hardships were felt most at the beginning of the quarter, according to a filing with the U.S. Securities and Exchange Commission on July 8.
Taylor Morrison (NYSE: TMHC) finished the second quarter with net sales orders up approximately 23% year over year and a sales pace of 2.8.
Closings for the quarter came in at 3,212, an increase of approximately 24% compared with the same period in 2019. Sales order backlog of homes under contract increased approximately 35% to 6,805 homes, with a sales value of $3.2 billion at June 30 compared with a sales value of $2.5 billion as of June 30, 2019, according to the SEC filin ...

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Thursday, July 9, 2020   /   by Juan Grimaldo

Not All Agents Are Created Equal

In today’s fast-paced world where answers are just a Google search away, there are some who may question the benefits of hiring a real estate professional when selling a house. The reality is, the addition of more information can lead to more confusion. A real estate agent can be your essential guide, but truth be told, not all agents are created equal. Finding the right agent for you and your family should be your top priority when you’re ready to sell your house.
The right agent is the person who can truly walk you through the whole process, look out for your best interest, and seamlessly lead you through all the steps along the way. In today’s complex market, the way we execute real estate transactions is changing constantly, especially as more elements can be done virtually. Making sure you have the best advice on your side is more important than ever.
So, how do you choose the perfect agent?
It starts with trust. You must trust the advice this person is go ...

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Wednesday, July 8, 2020   /   by Juan Grimaldo

Best Time to Sell? When Competition Is at an All-Time Low

In a recent survey of home sellers by Qualtrics, 87% of respondents said they were concerned their home won’t sell because of the pandemic and resulting economic recession. Of the respondents, 51% said they are “seriously worried.” That concern seems reasonable considering the current condition of the economy. The data, however, is showing that home purchasers are still very active despite the disruptions American families have experienced this year.
The latest Existing Home Sales Report published by the National Association of Realtors (NAR) revealed that 340,000 single-family homes sold in this country last month. NAR’s most recent Pending Sales Report (homes going into contract) surpassed last month’s number by over 44%, which far exceeded analysts’ projections of 15%. ShowingTime reported that appointments to see homes (both virtually and in-person) have increased in every region of the country and are up 21.4% nationwide over the same tim ...

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Wednesday, July 8, 2020   /   by Juan Grimaldo

¿El mejor momento para vender? Cuando la competencia está en un mínimo histórico

En una encuesta reciente de vendedores de viviendas realizada por Qualtrics, 87 % de los encuestados dijo que estaban preocupados de que su casa no se vendería debido a la pandemia y la recesión económica resultante. De los encuestados, el 51 % dijo que está “Seriamente preocupado”. Esa preocupación parece razonable teniendo en cuenta la condición actual de la economía. Sin embargo, los datos están mostrando que los compradores de viviendas siguen muy activos a pesar de las interrupciones que las familias estadounidenses han experimentado este año.
El último informe de las ventas de viviendas existentes publicado por la Asociación nacional de Realtors (NAR por sus siglas en inglés) reveló que 340,000 viviendas unifamiliares se vendieron en este país el mes pasado. El informe de ventas que aún están pendientes de NAR (casas entrando en contrato) superó ...

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Keller Williams Realty Professional Partners - The Grimaldo Group
Juan Grimaldo
7025 West Bell Road #10
Glendale, AZ 85308
480-365-8346

© 2020 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Juan Grimaldo / Sergio Rodriguez - Keller Williams Realty Professional Partners - The Grimaldo Group are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. July 13, 2020