Recent Posts: Selling Your Home

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Six Tips to Sell Your Home Fast.

1. First Impressions Count. Set the stage by sprucing up your entryway with a new or painted door, a tasteful welcome mat and planters filled with seasonal flowers. 2. You’re Selling the Space, Not Your Stuff. Less is more, so open up your space so prospects can see what they’re buying. Get rid of, put […]

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Decoding Sale and Loan Docs, Part 3.

Educational documents/documents you may need after closing.  Educational documents mainly are directed at the buyer/borrower, and most give information about the mortgage process. These contain info which may be useful and should be read. The loan related papers can generate questions that the loan officer should be able to answer. Documents that may be needed […]

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Decoding Sale and Loan Docs, Part 2.

First in the analysis of documents used in residential transactions are junk documents. The documents that fit in this category are non-negotiable or provide minimal or no useful information. Most are directed at borrowers, and are acknowledge that disclosures required by law have been given by lenders. For example, that borrowers must receive a Good […]

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Off Market Listings are Bad for You.

Zephyr Real Estate conducted a study comparing MLS-marketed and off-market homes and found that single-family homes sold for an average of 17% higher in 2013 when marketed on MLS. This is consistent with other studies that have found that off-market “pocket listings” actually fetch a lower sales price, on average, than properties marketed on MLS. […]

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Closing Costs – Who Pays and How Much? Part 5: Junk Fees.

A junk fee is a cost of doing business that a company tries to shift to you. Most originate from two sources: lenders and escrow companies. Look for them on the loan estimate, closing disclosure and settlement statement. Loan related junk fees may be called application fees, lock fees, processing fees, doc prep fees, admin […]

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Get International Exposure!

SimplySOLD™ advertises its listings globally through ListHub, which distributes to the world’s largest international websites in Australia, Europe and Asia. These market-leading websites reach consumers in China (4 websites!), Australia, Italy, Luxembourg, France, Germany, Malaysia, Singapore, Hong Kong, Macau and Indonesia. The international property section of those websites provides users with a localized search experience, […]

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How Much is Solar Worth?

Part 3.  A study conducted by appraisers between 2010 and 2013 in six states (Arizona wasn’t one of them) found that solar homes with a typically-sized system sold, on average, for around $14,000 more. With our lower than average energy costs, metro Phoenix area solar owners may not realize an equivalent value boost. But as […]

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How Much is Solar Worth?

Part 2.  When a solar system is owned, value is added is added to the home, and appraisers are required to determine that amount. To do so, basic information such as the age and capacity of the system should be provided by the seller. Then, like any other amenity, the appraiser needs to find comparable […]

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Hate Your Neighbor?

Neighbor disputes are one of the reasons people move, according to a survey from North American Van Lines. Half of Americans say they currently have a dispute with a neighbor, and 25% have called the police on them. 40% find it difficult to get along with their next-door neighbor(s), 13% say they have moved just […]

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Don’t Scare Off Buyers!

Halloween is a fun holiday to decorate your house. But if you’re home is listed, you don’t want to go to far with decorations if you don’t want to truly scare off buyers. Experts say to not over decorate, and choose what you put up wisely. In general, decorations should be neutral, like scarecrows, pumpkins, […]

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Closing Costs – Who Pays and How Much?

Part 4 – Loan Related. Like many pre-paids, these are the sums paid to the buyer’s lender or as a result of the lender’s requirements. Examples include a credit report fee, flood certificate fee, and a tax service fee. Fees payable directly to the lender, such as discount and loan origination and processing/underwriting fees, may […]

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How to Price Your Home.

The best technique for pricing a home when listing it for sale is setting the asking price just below a round number, according to recent research published by the Journal of Housing Research. On average, buyers are more attracted to a house priced at $399,000 than to a house priced at $400,000. In addition, ‘just […]

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How Much is Solar Worth? Part 1.

An ongoing issue in home sales is the evaluation of solar panels. Systems can be owned or leased. When a system is leased, the homeowner doesn’t own the system. Leased items typically don’t add much value, and in some cases can be legitimately excluded from appraisals. Leasing also creates a liability (the payments) which can […]

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Scottsdale Owners Save.

The city and the Federal Emergency Management Agency (FEMA) have reconsidered a designated flood plain area east of Scottsdale Road, from roughly Deer Valley to Happy Valley. Better flood modeling techniques and improvements in infrastructure led to FEMA dropping the requirement that about 800 property owners have flood insurance. Flood insurance policies cost several hundred […]

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Closing Costs – Who Pays and How Much?

Part 3 – HOA Related. If there is a homeowners association, the dues – whenever collected (monthly, annually, etc.) will be prorated between buyer and seller. If there is a transfer fee charged by the HOA, it is a negotiable item under the AAR contract, so either party may pay. Payment of special assessments, which […]

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