Your Real Estate Friend in Wickenburg
According to the Coldwell Banker® annual Home Price Comparison Index (HPCI), which is an "apples-to-apples" comparison of homes sold in typical, middle-management neighborhoods, a 2,200 square foot home in Wickenburg costs $302,500 as compared to $502,800 for a similar sized home in Scottsdale which the Coldwell Banker HPCI ranks as most expensive market in the state. Mesa ranked as the most affordable market in AZ, with an average sale price of $253,600.
To find out more, visit the enhanced HPCI section of www.coldwellbanker
.com, where you can calculate what your home might be worth in other areas and gather preliminary guidance about the affordability of housing from one market to another.
Set The Right Price To Sell
Your agent will help you set the right selling price based on:
* Current market analysis
* Condition and age of your home
* Recent comparable sales
* Offering incentives
CAUGHT IN BETWEEN SELLING AND BUYING A HOME?
Sometimes selling a home and buying a new one can be a difficult balancing act, as a homebuyer often cannot place an offer on an attractive home and sell the current one simultaneously. These homebuyers and sellers get “caught in between.” Below are some tips from Coldwell Banker Generations on how to close that time gap between buying and selling a home.
Consider bridge loans. A bridge loan means borrowing from the current home’s equity until the proceeds from its sale are obtained. Some bridge loans require that only the interest be repaid; others mandate a single payment of interest and principal when the loan needs to be paid back. If protracted, bridge loans can be expensive, so it is best to use them for overlaps of a short period of time between closings.
Buy on contingency. Have a prior-sale contingency included in the purchase contract of the new home. It provides the opportunity to withdraw from an offer if the current home does not sell by a certain date.
Evaluate whether to buy or sell first. You might still get “caught in between” even with a prior-sale contingency clause. Homeowners must consider which is better to do first. In a “seller’s market,” locating the new home and starting the buying process may be the best approach. It is important to note that most people need to sell their current home in order to qualify for a loan to buy the next one, which is often more expensive.
Review home equity options. For those who need to borrow for a longer period than just a few months, it is best to use a home equity loan or a fixed-rate line of credit, particularly if sizable equity has been built up.
Roadmap to “Sold!”–Your Marketing Plan
Looking for the most profitable path to selling your home? Your marketing plan is your map and an experienced real estate agent is your guide.
An experienced agent will keep you on course with a complete marketing plan that includes fact-based market analysis, signage, virtual tours, brochures, MLS placement, direct mail, home showings, open houses, and the resources of their active network.
Know-how counts too on the road to “Sold!” Select an agent with a proven track record who will aggressively market your home, anticipate problems, and skillfully resolve any unavoidable issues.
Ready For Your Next Home ?
Dreaming about more space or the perfect retirement spot? You’ve probably wondered how much more home you can afford.
Since the amount you can comfortably borrow and your other financial goals are relatively fixed, the answer rests in the successful sale of your current home. A strong selling price may well make the difference in reaching your lifestyle and location dreams.
Well-priced homes that are compellingly marketed sell quicker for more money. Partnering with an experienced real estate agent is the best plan to get the most value out of your current home.
