What buyers look for, or look out for when purchasing a home
By Michael Fahey | February 9, 2010
What should buyers look for, or look out for when purchasing a home in the Bullhead City, Fort Mohave, Mohave Valley Arizona areas? This article will help sellers look into some important aspects of selling their home and what potential buyers look out for as well.
The way you live in your house is not the way to sell your house. So, what makes a house a home for sale on the market, and one that soon has a “SOLD” sign out on the front lawn? And what aspects are important to look at because potential buyers will ask the question, “How much work are we going to need to do prior to moving in and beyond?” The appearance and cleanliness of the home are significant. Always have your home ready to be shown at a moment’s notice with me, your agent, Michael Fahey because this is what buyers are looking for. And a tip- burned out lights need to be replaced; classy lighting and upgraded fixtures can ameliorate the value of a home. Also, buyers said they would be willing to pay more for a home with a renovated kitchen.
Here are some things a buyer will look out for when dealing with the purchase of a home. The buyer will consider the following:
Topics: Bullhead City Arizona Real Estate, Fort Mohave AZ Homes for Sale, Laughlin Nevada Real Estate, Mohave Valley Arizona Real Estate | No Comments »
New Year brings optimism for the 2010 Real Estate Market
By Michael Fahey | January 18, 2010
What better way to start the New Year, then to bring confidence to our 2010 Real Estate Market. Ringing in the New Year being hopeful and optimistic will allow us to decide what we can do to improve our way of thinking about what is currently going on in the market. The New Year begins with us having a positive outlook and is a promising time for those of us looking to buy a home in the Bullhead City, Fort Mohave, Mohave Valley Arizona areas.
Here are a few reasons to make a real estate investment in 2010:
Topics: Bullhead City Arizona Real Estate, Fort Mohave AZ Homes for Sale, Laughlin Nevada Real Estate, Mohave Valley Arizona Real Estate | No Comments »
Real Estate during the Holidays
By Michael Fahey | December 16, 2009
Now is still a really good time for Real Estate in Bullhead City, Fort Mohave, Mohave Valley Arizona areas. Buyers can, and do, get serious during this busy time of year. Lots of sellers take their homes off the market during the holidays, assuming no one will be buying at this time. But with serious buyers still out there and a lower inventory of homes, your home has a good chance of standing out. With fewer homes for sale, competition is decreased. There are good reasons to sell your home during the holidays.
Topics: Bullhead City Arizona Real Estate, Fort Mohave AZ Homes for Sale, Laughlin Nevada Real Estate, Mohave Valley Arizona Real Estate | No Comments »
$1500.00 To Move Your Short Sale
By Michael Fahey | December 2, 2009
Government Announces Short Sales Guidelines The U.S. Treasury Department announced new guidelines this week designed to make short sales go more smoothly. To qualify under these new guidelines: • The property must be the home owner’s principal residence. • The home owner must be delinquent on the mortgage or close to defaulting. • The loan must have been made before Jan. 1, 2009, and be for less than $729,750. • The borrowers’ total monthly mortgage payment must exceed 31 percent of their before-tax income. Under the plan, borrowers will receive $1,500 from the government for selling homes for less than the amount of their mortgages. Mortgage-servicing companies will get $1,000 for each completed short sale. Second-mortgage holders can receive up to $3,000 of the sales proceeds in exchange for releasing their liens. Investors who hold the first mortgage can collect up to $1,000 from the government for allowing the payments. Borrowers who complete a short sale under the program must be “fully released” from future liability for the debt, according to the guidelines. Source: Associated Press, J.W. Elphinstone (11/01/2009) and The Wall Street Journal, Ruth Simon (11/01/2009
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Riverfront Homes Reflect 2004 Pricing
By Michael Fahey | November 30, 2009
Bullhead City and the Colorado River has been a destination spot for travelers and vacationers alike. Many family traditions and fond memories have been created here for over the last 30 years. Waterfront living at its best with sun-filled days on the water mixed with fun filled nights on the town.
Living in our countries recession and depressed housing market, what should a person do? Deciding to purchase can be a stressful decision and without the luxury of a crystal ball it can be worrisome. As we review the cost per sq ft approach to sales of luxury homes on the Colorado River, we can plainly see that prices have not been this low since 2004. The quality of home that is on the market today, is generally more upgraded with luxury amenities far surpassing the amenities in the homes selling in 2004.
Will the prices slide down a bit more? We do not know. We do know that we never know when the market is bottomed out until the prices begin to increase. And then, you have missed the bottom. One thing is for certain, memories made with friends and families sharing days on the river are some of the most precious. Can a value be put on memories spent with loved ones?
According to the ILHM National Report this week the current median price per sq ft in the luxury home market is $318.00. ILHM’s data is calculated from properties on the market in the most expensive zip codes in each region. Our price per sq foot is well below this average. Perhaps today is the time to buy.
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Relocation and Moving Tips in the Bullhead City, Fort Mohave, Mohave Valley Arizona areas
By Michael Fahey | November 18, 2009
Want the secret to an easy move? Whether you’re relocating just around the corner, renting a moving truck or are packing up the family for cross-country relocation, you’ll get the tips you need to survive. Here are some great moving tips to save you time and money.
The key is to stay organized, so check out moving checklists online to help you with your move to the Bullhead City, Fort Mohave, Mohave Valley Arizona areas. Make a list of questions to ask for either your local moving truck rental business or decide if you need to go with actually hiring a moving company.
Experts in the moving and storage industry say that, you should plan six to eight weeks in advance to book a reputable moving company. Finding that reputable company can be a challenge, however, and a little research should be done before you entrust all of your worldly possessions to professional care. Check out listings online of moving companies that allow you to compare movers and interview moving companies to find just the right one. On interstate moves, charges are based on the weight of the items to be moved, the distance to be moved, packing, and other services. Get two or three estimates well in advance of your move. Be sure to check with the Better Business Bureau about any moving company you are considering.
Renting a moving vehicle or a portable on demand moving crate can be your best and easiest option to make sure your stuff gets moved to the new place the way you want them to. If you choose to rent a moving vehicle, you can rent it the day of the move or the day before. If you really want a lot of time to make sure you can arrange your furniture and household goods in your moving vehicle, then you might consider an on demand storage unit. These units get delivered to your driveway and you have as long as you need to fill it up. Then, when it is full, you call the company and they will come and pick the container up and deliver it to storage or to your new home.
No matter which moving option you choose, you will make things a lot easier on yourself if you weed out all the “stuff” that you haven’t used in a long time and donate it or throw it out. Start packing the items you want to keep but don’t use everyday away well before the moving day. Think about this tip: get wardrobe boxes to pack clothes. By simply hanging clothes inside these boxes, you’ll save time both packing and unpacking.
Facing relocation can be scary. Let your Real Estate agent, Michael Fahey, ease the pain with packing tips, relocation advice and moving companies that specialize in relocation near and far.
Topics: Bullhead City Arizona Real Estate, Fort Mohave AZ Homes for Sale, Laughlin Nevada Real Estate, Mohave Valley Arizona Real Estate | No Comments »
Home Sales in Bullhead City Arizona Stay Strong
By Michael Fahey | November 4, 2009
With Virginia, New Jersey and the congressional race in New York the evening news may have something other to report on than the current real estate and economic crisis. While some Democrats are sharing their conservative views and some Republicans are sharing their liberal views, it is no wonder that the real estate market is on its ear too!
As 2009 draws near the finish line we continue to positively look forward to 2010. Comparing the last 12 weeks with the prior 12 week period we are confident that our local market is beginning to stabilize. Although the Single family homes are down slightly the under contract homes are up 7%. Competition in the market continues to decline with fewer homes coming on the market. The week of October 19th saw a peak of 31 homes going under contract. We speculate that this was directly connected to deadline date for the $8,000 first time home buyer tax credit that mandates that the homes must close escrow by November 30, 2009 to qualify.
Last week we received a call to action and Michael and I both called our Senators to ask them to vote in favor of extending the tax credit into next year as well as opening it up to return buyers. Although I have not received information that this was passed my sources are reporting that the Senate is in agreement and just waiting to for Congress hammer out the details and vote. I have heard that they may be voting soon.
This is great news for home sellers and buyers in our area In the event the current homeowners qualify for this new tax credit, I expect to see many “move up” buyers enter the market in the next few months.
We are working hard to ensure that when you are listed with Team Fahey your property receives maximum exposure. The following are many of the websites your property is marketed for sale:
Team Fahey.com, CountryRanchRealty.com, Google, Yahoo Real Estate, Aol Real Estate, Trulia.com, Zillow.com, Frontdoor.com, CyberHomes.com, Hotpads.com, HomeFinder.com,Backpage.com, CLRSearch.com, Oodle.com, Local.com, Propbot.com Vast.com, Lycos.com, LaekHomesUSA.com, LandWatch.com, ResportScape.com, Enormo.com, ERealInvestor.com, LandWatch.com,Military.com, MyRealty.com, Overstock.com, OpenHouse.com, InvestorLoft.com,Walmart.com, Homes.com, MyNewPlace.com, SecondSpace.com, DotHomes.com, Point2Homes.com, TheNewYorkTimes.com, TheRealEstatebook.com, LoveMyZip.com, HomeHippo.com, HouseLocator.com, TheHousingPages.com, phonetour.com, HomesZ.com, Kazorks.com, PropertyShark.com, VivaReal.us, NTXHouseHunters.com, HomeAwayRealEstate.com, craigslist.com, Backpage.com, eBay.com, kneedl.com, Areaguides.net, Guidespot.com
Please notice that we have attached a copy of the ads for November and the Market Trend Report. We have launched our new www.CountryRanchRealty.com site and. Please contact us with any questions or concerns.
Topics: Bullhead City Arizona Real Estate, Fort Mohave AZ Homes for Sale, Mohave Valley Arizona Real Estate | No Comments »
Unclutter Your Home and Get It Ready to Sell
By Michael Fahey | October 19, 2009
It is very important to make a great first impression to the potential buyers of your home. Every seller wants their home to sell fast and bring top dollar. Does that sound good to you? Well, it’s not luck that makes that happen. It’s careful planning and knowing how to efficiently unclutter your home that will excite buyers. Here is how to prep a house and turn it into an appealing and marketable home.
Get rid of those items that have been sitting around for years without being used or even handled. This is the hardest thing for most people to do because they are emotionally attached to everything in the house. After years of living in the same home, clutter collects in such a way that may not be evident to the homeowner. However, it does affect the way buyers see the home, even if you do not realize it. Buyers and real estate agents should see your house in its best condition from the very first day it’s on the market.
Here are a few approaches to take to unclutter your home and get it ready to sell. Almost every home shows better with less furniture. Remove pieces of furniture that block or hamper paths and walkways and put them in storage. Remove extra leaves from your dining room table to make the room appear larger. Leave just enough furniture in each room to showcase the room’s purpose and plenty of room to move around. You don’t want buyers scratching their heads and saying, “What is this room used for?”
Another way to unclutter your home and get it ready to sell is to make those minor repairs and best of all, make the house sparkle! Only do one room, or even one small area, at a time so you don’t feel overwhelmed. Your best friend is the trash bag; when in doubt, throw it out. Many find it easier to use boxes to sort items, so you don’t have to find a home for everything as you unclutter. Most important, be quick and decisive when sorting. Tell yourself:
• If you don’t need it, why not donate it or throw it away?
• Put essential items used daily in a small box that can be stored in a closet when not in use.
• Think of this process as a head-start on the packing you will eventually need to do anyway.
If you are getting your house ready to sell in the Bullhead City, Fort Mohave, Mohave Valley Arizona areas, then take a step back and pretend you are a buyer. Let a friend help point out areas where you can unclutter your home and let myself, Michael Fahey, your agent help you to get your house ready to sell.
Topics: Bullhead City Arizona Real Estate, Fort Mohave AZ Homes for Sale, Laughlin Nevada Real Estate, Mohave Valley Arizona Real Estate | No Comments »
Arizona Real Estate Market Update September 2009
By Michael Fahey | October 13, 2009
Hanging on by our fingertips, the market continues to edge in a positive direction. September single family home sales in Bullhead City, Fort Mohave and Mohave Valley were down slightly at 71 from a record breaking August of 99 sales. The foreclosures home sales raised their vicious head as they increased their share of the sales claiming 68% of market. Although this is tough news for us the median sales price did rise slightly for the third continuous month from $136,000 in August to $137,000. Days on the market dropped as well as the available homes for sale on the market.
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Real Estate Market Update
By Michael Fahey | October 6, 2009
Hanging on by our fingertips, the market continues to edge in a positive direction. September single family home sales in Bullhead City, Fort Mohave and Mohave Valley were down slightly at 71 from a record breaking August of 99 sakes. The foreclosures home sales raised their vicious head as they increased their share of the sales claiming 68% of market. Although this is tough news for us the median sales price did rise slightly for the third continuous month from $136,000 in August to $137,000. Days on the market dropped as well as the available homes for sale on the market.
Topics: Bullhead City Arizona Real Estate, Fort Mohave AZ Homes for Sale, Mohave Valley Arizona Real Estate | No Comments »