Why You Should Bring Your Realtor to Visit a New Build

If you’re interested in purchasing a new construction home, here is why you should bring your Realtor with you on your first visit.

There are a variety of opportunities in the Phoenix Real Estate Market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.

If you’re visiting a new build site, should you take your Realtor with you? The answer is always yes!

The common misconception is that you’re going to get a better deal without a Realtor present because they’ll subtract their commission off of the sale price. This is not true. In actuality, the builder has the Realtor’s commission in a separate marketing budget.

In addition, a Realtor can help you negotiate a price. When you walk in off the street by yourself, the builder is not going to tell you that the price of the home is negotiable. What we can do as Realtors is negotiate you a better deal. Sometimes this means a percentage off of upgrades, and other times it means that we can simply get you a lower purchase price.

A good Realtor can help you negotiate price.

In fact, recently we got one of our clients $46,000 off of the purchase price of a new build in Gilbert, Arizona!

If you have any questions about purchasing a new build or anything else related to Phoenix real estate, reach out to me so that we can sit down and discuss a strategy to get you the best deal on a new home. I look forward to hearing from you soon!

Buying a Home Vs. Renting a Home

Should you buy a home or rent a home right now? Which option is better for you? There are a few things you should know before you decide. 

There are a variety of opportunities in the Phoenix Real Estate Market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.

Is it better to buy or rent a home right now? There are a couple of important factors for you to consider when making this decision. 

For example, the current rental market is at an all-time high. Rents are sky-high right now, which means that sometimes it’s cheaper to buy a home than to rent one. 

Rental rates are sky-high right now.

The two benefits of buying a home now are interest rates and lending programs. Interest rates are at an all-time low in our area, and there are some great lending programs available. These lending programs include 0% down loans, 3% down loans, and 3.5% down loans. 

There are also grants available to cover your down payment. There are even programs that pay for your down payment and closing costs!

If you want to get into a home for as little as $500 down, we can help you. Give us a call or send us an email and we can help you make an educated decision. 

Why Is Housing Inventory an Important Figure?

Housing inventory is an important figure. It measures the supply of homes on the market as well as the demand for those homes.

There are a variety of opportunities in the Phoenix Real Estate Market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.

What is housing inventory and why is it important to buyers? We are answering those questions and more today. 

Housing inventory is a measure of our market’s supply.

Housing inventory is a measure of our market’s supply. Basically, if we stopped listing homes right now, inventory levels measure how long it would take for all of the homes on the market to sell based on the absorption rate. 

A balanced inventory is around four months. Anything lower than that is a seller’s market while anything above it is a buyer’s market. 

The number of homes on the market is going to affect your value. The more homes that are on the market, the more stagnant the market becomes, and the more competitive you have to be with your pricing.

Low inventory levels, like those in Avondale, lead to competitive markets with a lot of multiple offer situations. Sellers will want to price high and see where the market goes. 

If you’re in a high inventory market like the one in Scottsdale, things will be more stagnant and you’ll have to be more competitive with your pricing when selling.

If you have any questions for us, don’t hesitate to give us a call or send us an email. We would love to hear from you.