LORA'S ACTIVE LISTINGS

LORA'S ACTIVE LISTINGS

$295,000
$295,000 - 3Br/3Ba - Home for Sale in Eagle Pass, Glendale
3 Beds
3 Baths
1,909 Sqft
7353 W Rancho Drive Glendale , AZ 85303
Status: Active W/contingency
Property Type: Single Family - Detached
$580,000
$580,000 - 1Br/1Ba -  for Sale in Optima Kierland Center 7120 Condominium Amd, Scottsdale
1 Bed
1 Bath
739 Sqft
7120 E Kierland Boulevard Unit 1102 Scottsdale , AZ 85254
Status: Active
Property Type: Apartment Style/flat

Lora's thoughts, tips and advise to...

Buyers

Be LEGAL, Be SMART!

In the State of Arizona, a buyer has the right to hire a real estate agent of their choice.

It is not uncommon for potential buyers to interact with more than one agent prior to purchasing a home. However, most people do not know that anything you say or do prior to hiring that agent, or any other agent out of the many you have been interacting with, can be used against you in a transaction. It is somewhat similar to talking to a lawyer before signing an agreement that they will be representing you and then finding out later that they ended up representing your opponent.

That is why it is important to sign a Real Estate Agency Disclosure Form (READ) with any agent you are in discussion with about your real estate needs. This form outlines an agents duties and responsibilities towards you and legally binds them to be obedient, loyal, to disclose all things material to a transaction, maintain confidentiality, be accountable of your time and money, be honest, and treat you with reasonable care and diligence.

When working with professional real estate agents who understand the value of your time and investment of your time, it is also important that you as a buyer understand the importance of their time and disclose upfront your commitment to working with them.

The best way of ensuring you remain top-of-mind, a priority to them, and legally safe is to interview and hire an agent by signing the Buyer-Broker Agreement at the onset of your relationship.

Professional agents who understand the legal implications of an "implied agent" may choose not to work with you as a buyer who is unwilling to formalize your working relationship.

Additionally, make sure you discuss with your agent where you are in your level of motivation so they can match it. After all, you don't want to be getting calls when new properties show up in the market if you still have a month out before you are ready to start looking. A professional agent will request you to fill the A, B, or C Buyer Form.

A = Highest priority buyer. These are people who have to buy a home now. They are probably homeless, just moved to town or have an expiring lease agreement.

B = Second-highest priority buyer. Are ready to buy but have a home to sell first, are waiting for pre-qualification or have a lease to complete.

C = Third-highest priority buyer. May buy a home when the right ones comes to market.

As always, feel free to call if you have any real estate-related question/s.

(602) 739-3489

Sellers

Selling your property can be an emotional roller coaster if you chose to do it yourself or hire an inexperienced real estate agent. There are at least 184 things a real estate agent does for you as a listing agent. You can read about this on my blog on "Why you need a real estate agent - 184 reasons"

Professional agents know that what you do prior to listing your home with an agent makes a big difference.  As an agent who consistently sells fast and at top dollar, it is important to know your market, prepare your client mentally on the game plan - which should include both marketing and pricing strategies - as well as discuss their motivation and deal breaker(s).

There is a premium to selling your home at a yard or garage sale (FSBO) or at a high-end sales store (brokerage). Try selling a Gucci watch at a yard sale for the sale price as at the Fashion Mall.

That fact, coupled with market forces and condition of the home, determine the sale price you get and how fast you sell. So the four factors that determine how fast a home sells and its ability to attract top-dollar buyers are:

  • Pricing

  • Condition of Property

  • Exposure to Buyers

  • Smooth Transaction

"It is important to note that Sellers and agents don't determine the market value of a home, market dynamics - supply and demand - do whether it is in a seller's or buyer's market!

If you don't believe me, then ask an economist"

However, exposure to the right buyers and pricing it in or ahead of the market will affect how fast it sells.

Factors a seller, with the assistance of a professional realtor, can control to attract top dollar buyers and close fast include:

  • The condition of a property, both inside and outside,

  • Availability of property for showings,

  • Effective marketing strategies, and

  • A smooth transaction.

Would you like to know the current market conditions in your neighborhood or get a valuation of your home? Call or text your property address to (602) 739-3489 to request a professional market valuation.

Investors

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New Construction

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LORA MWANIKI-LYMAN

AT KELLER WILLIAMS REALTY PHOENIX

ValuKrest Team

It would be an honor to work with you towards your real estate goals. Please do not hesitate to call us for all your real estate questions.


GET IN TOUCH

OFFICE (602)739-3489  |  DIRECT (520)780-9070

 Keller Williams Realty Phoenix - 3920 S Rural Rd Suite 110, Tempe, AZ 85282

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