Tips to Prepare Your Gilbert Home For Sale

5 Tips to Prepare Your Gilbert Home for SaleSell a clean Gilbert home

With a little work your Gilbert home will be ready for showings. It will greatly increase its value and shorten your time on the market.

1. Have a property inspection

Be proactive by organizing for a pre-sale home inspection. For $250 to $400, an inspector will warn you about troubles that might make possible buyers balk.

Make repairs before putting your house up for sale. In Gilbert, AZ, you may have to disclose what the inspection turns up.

2. Get replacement estimates

If your Gilbert your house inspection uncovers necessary repairs you cannot afford, get estimates for any work. The figures may assist buyers evaluate if they will be able to afford the home and the repairs. Also locate your warranties, guarantees, and user manuals for your appliances that will be sold with your home.

3. Make minor repairs

Not every repair costs a lot of money. Fix as much of the small problems—sticky doors, torn screens, cracked caulking, dripping faucets—as you can. These may appear trivial, however they’ll give buyers the sense your home isn’t well-maintained.

4. Clear out the clutter

Clear your counters of pretty much everything. Clean your closets by packing up little-used things such as out-of-season clothes and old toys. Install closet organizers to increase space. Put a minimum of one-third of your furniture in a storage unit, especially large pieces, like  entertainment centers and large televisions. Pack up family photos, knickknacks, and wall hangings to depersonalize your house. Store the belongings you’ve packed offsite or perhaps in boxes nicely arranged within your garage or basement.

5. Do an intensive cleaning

A spotless house makes a powerful first impression that your Gilbert house is well maintained. If you are able to afford it, consider employing a cleaning service. If not, scrub the windows and prop them open to air out your rooms. Clean your carpet and drapes to get rid of cooking odors, smoke, and pet smells. Wash all lighting fixtures and baseboards, mop and wax floors, and clean your stove and refrigerator inside and out. Pay close attention to details, as well. Wash smudges from light switch plates, clean inside the cupboards, and polish doorknobs. Don’t forget to scrub your garage, too.

 

If you’re ready to sell your Gilbert Home or would like more information please give one of our agents here a call.

Is There a Shadow Inventory Waiting In The Gilbert Real Estate Market?

Shadow Inventory Waiting In The Gilbert Real Estate Market?

Gilbert Arizona Shadow Inventory

Recently, I attended a Real Estate Summit about what’s ahead for the Gilbert real estate market and the rest of the valley.  One of the more accomplished speakers at the event was Michael Orr publisher of the Cromford Report and ASU Real Estate Analyst. Senior Vice Presidents from both Wells Fargo and Chase were also on hand to give their take on what the banks are planning and to answer questions.

I’d like to share a few points discussed at the event that I think are important to Gilbert home buyers and sellers. One of the more interesting topics was about whether or not there is a so called “shadow inventory” that we’ve been hearing about for years. Many people have heard that the banks are sitting on foreclosed properties and could at some point flood the market with them causing even more problems for our Gilbert real estate market.  This has caused a lot of uncertainty for Gilbert home buyers wondering if a better deal could be had down the road. According to event speaker Michael Orr that is just not true. Although he says the banks do have some properties being held back in their inventory, it is nowhere near enough to cause any disruption in the current market.  His feeling was that even if the banks released every single property they had in their inventory, we would still have a shortage of properties on the current market.  The representatives from the banks also concurred with Mr. Orr’s statistical data.

Shortage of  Gilbert homes

The shortage of  Gilbert homes on the market that we are currently dealing with is expected to continue at least through the spring if not longer. Pricing hasn’t been greatly affected up to this point but the longer the shortage of inventory continues the greater chance of future price increases.  Interest rates and home prices are still great and there may not be a better time to get out there and find your Gilbert dream home.

Predictions for the Gilbert, Arizona Real Estate Market

2012 Predictions for the Gilbert, Arizona Real Estate Market

Better days ahead for the Gilbert housing market? I think so.

I foresee a few things developing in 2012 that will most likely help our Gilbert residential real estate market finally start moving to recovery mode. I stated in any earlier post that “The Federal Reserve revealed that until 2013 the short-term interest rates will remain right around zero.” I predict that Gilbert Home prices will stabilize and start to rise by the end of the 2012. There’s no doubt the Gilbert housing recovery will be take some time, but I see the turn-around starting already.

Here are a few predictions for the Gilbert, AZ real estate market for 2012:

1. Home sales will be on the rise.

2. An increase in inventory.

3. Distressed properties will make up around half of all sales.

4. A well needed improved short sale process will form to help more home owners avoid foreclosure.

5. Investors will buy 25 percent of homes.

For more information on Gilbert Homes please contact any one of our agents here at Innovative Real Estate Team.

Four Things To Avoid During The Process Of Purchasing A Home In Gilbert Arizona

Four things to avoid during the process of purchasing a home in Gilbert, ArizonaTips on purchasing a home in Gilbert, Arizona

1. Do Not Change Jobs
Changing jobs before or during the loan process can create a real problem in qualifying you for a loan, particularly if that job is in a different line of work or at a lower rate of pay.

2. Do Not Pay Off Bills
Your loan officer will advise you if it is necessary to pay off bills to  help you qualify for a loan.

3. Do Not Make Any Major Purchases
Many borrowers make the mistake of buying a new car, some furniture, or making another major purchase without realizing the impact it can have on their ability to buy a home.

4. Do Not Switch Banks Or Move Your Money Around
It is best to leave your money right where it is until your loan is closed. Moving your money to a new bank or even into a new account can wreck havoc with the verification process.

Gilbert is a wonderful place to live. Remember when choosing a home in Gilbert Arizona contact one of our agents at Innovative Real Estate Team. We will find your Gilbert Dream Home.