Our market is truly in the hands of the buyers & sellers; however it is at the mercy of the lenders and their terms and conditions........ Buyers be sure to find out all terms and conditions before you enter contract with a seller (sellers risks taking their home off the market to allow you the contracted time to close escrow) with LTV's (loan to value's) at many times at 70 to 80% and lenders looking for huge 6 to 12 months worth of debt service reserves as a condition of closing not to mention of course your closing costs and the need for higher fico scores to close. You will be in an excellent position to buy and negotiate a home if you can prove your ability to close escrow & seller will feel better about entering contract as the risk factor may be lessened.
It is also very important to understand and truly appreciate your relationship with your REALTOR (R) in this trying market. Once you are in a position to be a "ready, willing & able buyer" get out there and make your fair market value offers. Be realistic and review all data out there (asking prices are not comp's - you need to look at sold homes in the MLS & tax records for those for sale by owners) you also need to look at the cancelled and expired listings to see what is not a current market price ; it is hard for many, they still think the market has a long way to fall. That may not be so.... There are many types of Sellers on the market; but some may just be testing the waters..... while others are serious about selling their home and may just still be feeling the homes are still valued at the markets of yesterday, just as some seasoned buyers may feel the homes should be valued at what they may have bought their last home for....... Somewhere in between is really where we are..........
Factoring in the cost of maintaining a vacant home or having to deal with making it a rental if we are not able to manage an investment property can be very trying on a property owner. Many times it is best to reduce the price of the home and get it sold.
The houses that seem to be moving are in top condition; however they are still a great value, so long gone are the days if it had a roof and 4 walls it flew off the shelf. There must be a happy medium - I have watched home owners try to sell and get showings but no offers... many were because the price was right on the money; however the condition was the reason the offers failed to come in. So many times the decision is made to take the home off the market and money is spent on paint, flooring, counter tops, appliances and fixtures.... Then the home goes back on the market but this time for substantially more......... And again the home fails to sell!
Again it is important to realize that finding the price is the most important thing; in the scenario above the solution may have better been painting, carpet and a good cleaning inside and out and may have been a better option, then placing it back on the market at the same price. Or another scenario might have been to simply reduce the price to accommodate the repairs needed and the home may very well have sold.
It's important that both, Seller & Buyer be "READY, WILLING AND ABLE TO PERFORM" but equally important for both to be REALISTIC as well, these are ruff times and the only way to kick start it is for those "pioneering" buyers and sellers to get the ball rolling.
It is also very important to understand and truly appreciate your relationship with your REALTOR (R) in this trying market. Once you are in a position to be a "ready, willing & able buyer" get out there and make your fair market value offers. Be realistic and review all data out there (asking prices are not comp's - you need to look at sold homes in the MLS & tax records for those for sale by owners) you also need to look at the cancelled and expired listings to see what is not a current market price ; it is hard for many, they still think the market has a long way to fall. That may not be so.... There are many types of Sellers on the market; but some may just be testing the waters..... while others are serious about selling their home and may just still be feeling the homes are still valued at the markets of yesterday, just as some seasoned buyers may feel the homes should be valued at what they may have bought their last home for....... Somewhere in between is really where we are..........
Factoring in the cost of maintaining a vacant home or having to deal with making it a rental if we are not able to manage an investment property can be very trying on a property owner. Many times it is best to reduce the price of the home and get it sold.
The houses that seem to be moving are in top condition; however they are still a great value, so long gone are the days if it had a roof and 4 walls it flew off the shelf. There must be a happy medium - I have watched home owners try to sell and get showings but no offers... many were because the price was right on the money; however the condition was the reason the offers failed to come in. So many times the decision is made to take the home off the market and money is spent on paint, flooring, counter tops, appliances and fixtures.... Then the home goes back on the market but this time for substantially more......... And again the home fails to sell!
Again it is important to realize that finding the price is the most important thing; in the scenario above the solution may have better been painting, carpet and a good cleaning inside and out and may have been a better option, then placing it back on the market at the same price. Or another scenario might have been to simply reduce the price to accommodate the repairs needed and the home may very well have sold.
It's important that both, Seller & Buyer be "READY, WILLING AND ABLE TO PERFORM" but equally important for both to be REALISTIC as well, these are ruff times and the only way to kick start it is for those "pioneering" buyers and sellers to get the ball rolling.
Keep in mind "That no home will ever sell for more than what the current market will bear at any given time".
MLS Number #3004647 - 405 West Pebble Beach Dr, Tempe, AZ 85282
Subdivision: BRIGHTON PLACE YEAR: 1971
Square Footage 1,027 TAXES $924 2007
All Reference to sizes are approximate!
Beautifully Appointed Home
· NO HOA
· Fire place in the cozy living room 12’ x 19’
· Wonderful courtyard w/sanctuary feel
· Private courtyard with all entrances behind locked gates , potted plants and fountain do not convey.
· Great community in the Heart of Tempe
· Great Tempe School District
· Near Kiwanis Park, Tempe Town Lake & more
· Entertainment, Sports Venues, Dining & Shopping
· Tastefully done, move in ready w/ceiling fans
· Decorative large tumbled tile throughout
· 2 nice size bedrooms—12’ X 14’
· Well cared for home
· 1 full bath—9’ x 5’
· Dining room w/breakfast bar in kitchen—12’ x 10’
VISIT:
www.AZiSeLLiT.com
(480) 755-8490 Call Today!
Or visit our 24/7/365 *
Virtual Open House at: www.AZiSelliT.com
Directions & Notes: Head W. on Baseline from Mill Ave to Kyrene, head North over I-60 (no access to freeway) just S. of Southern to Pebble Beach, go West to middle block on the S. side of street to 405.
· Exterior utility room with full size washer / dryer hook up ‘ 12’ x 5’
· White appliances (refrigerator not included) 7’ x 12’
· Neutral counter tops and original cabinetry, good condition
· A/C recently replaced
· H20 recently replaced
· Toilet recently replaced
· Tile floor throughout recently done & tiled bathtub surround
· Unique 2 car open Garage w/electric opener
· Desert Front, low mnt.,
· Mature vegetation, trees and unique features
· SRP electric w/city services
· Flat / room not original, looking for date of replacement no, known leaks
· Exterior & interior walls recently painted, warm & neutral colors.
LOCATION, LOCATION, LOCATION..... This great 3 bedroom, 1.75 bath home with living room, dining area, family area, breakfast nook and galley kitchen has a master with walk in closet, plenty of room in this 1,524 sq ft home with a small covered patio and rear court yard for your to personalize. The front yard area is cared for by the HOA and has a lush green front yard and mature trees, just down from the lush green community area and community pool.
The home is offered at $210,000.00 and minutes from ASU near Rural & Baseline Road.
