The Drew Team is here to help you reach your goals!

Sept. 15, 2023

Plenty of Buyers Are Still Active Today [INFOGRAPHIC]


Some Highlights

  • Holding off on selling your house because you believe there aren’t any buyers out there?
  • Data shows buyers are still active, even with higher mortgage rates. This goes to show, people still want to buy homes, and those who can are moving now.
  • Don’t delay your plan to sell for fear no one is buying. The opposite is true and buyer traffic is still strong today. Let’s connect to get your house in front of these buyers.
Aug. 18, 2023

Are Home Prices About to Explode?

Interesting question as we still have a lack of inventory and demand for homes continues to rise, this short video has details!

 

Seems like a crazy question to many people, however with inventory still at historic lows, while the interest rates remain above what we have seen over the last decade, there is still a great demand for homes.   

For perspective, here is what Barbara Corcoran had to say on Good Morning America and later reiterated to Yahoo Finance, in response to "when is the right time to buy?"

Keeping in mind that Corcoran made her millions in the real estate market, her response is eye-opening.   She says “It’s a good time to buy because the minute interest rates go down, everybody’s waiting for them to go down even by a point, and when they do, they’re going to come rushing back in the market,” Corcoran said. “Prices are going to explode, and you’re going to be paying more for the same house. And you can always refinance, remember, when and if interest rates come down.”  See the full article HERE.

Inflation rates fall The Drew Team Arizona REALTORs Home Prices 2023 The Drew Team REALTORs Home Values Prices Rising The Drew Team REALTORs

Historically as our inflation numbers come down, the rates will eventually follow, thus if you can afford the home now, buying now will save you money on the PRICE and if/when rates come down, taking advantage of a refinance would allow you lower the payment while the price of the home is already locked in.

This is advice that Dave Ramsey has given numerous times, follow this link for one recent example:  Dave Ramsey Best Time to Buy a Home.  If you fast forward to 2:30 or so it will give a perspective on todays real estate market.

Lastly, the actual numbers have remained very consistent the last few months as our typical inventory is at about 60 days with homes selling at about that average if they are priced correctly for condition.  More importantly, if you need to sell to make a move, your equity is likely more than you realize and can fuel that move - keeping your payment down.

Market Update 2023 The Drew Team Realtors  Fuel Your Move The Drew Team REALTORs Barbara Corcoran The Drew Team REALTORs

We are have great success getting home sold fast for top dollar right now, while some agents are struggling, we at The Drew Team are reaching YOUR goals!

sold The Drew Team REALTORS Arizona Just Sold The Drew Team REALTORs Queen Creek AZ Sold The Drew Team Reach YOUR Goals in real estate

As always we are thankful for our friends at Security Title for their great service to our clients

                             

The Drew Team is Robin & Steven Drew, Robin McAvoy, Casey Hurlburt, Tom Walton and our amazing admin Nancy Horn.  We are grateful to all who have allowed us the privilege to serve!

The Drew Team REALTORs America's Best

Posted in market update
Aug. 9, 2023

Home Prices Are Making a Comeback

While home prices have made a turn nationally, here in Arizona it turn a while back. IN FACT, we need more inventory as we have more home buyers than houses to sell... in a typical balanced market we have about a 90 day supply of homes, where as currently across the Phoenix Valley it is closer to half of that! Thus home values have been inching up over the last few months. #homevalues #equity #home #arizona #drewteam #findmyhome

Aug. 9, 2023

The Value of an Agent When Buying Your New Construction Home



Buying a new construction home can be an exciting experience. From being the very first owner, to customizing your home’s features, there are a lot of benefits. But navigating the complexities of buying a home that’s under construction can also be a bit overwhelming. This is where a skilled real estate agent can make all the difference.

An article from The Mortgage Reports sums it up like this:

Your Realtor or real estate agent will be key to helping you navigate this process. . . . they can guide you through construction and help anticipate and solve for any possible snags along the way.”

Here’s how your agent is an invaluable resource in your search to find and buy your new home.

Agents Know the Local Area and Market

Your agent is well-versed in the emerging communities and upcoming developments that could influence your decision. For example, you'll want to be aware if there were any plans to construct a highway through the woods behind your prospective backyard. It’s important to consider how the neighborhood and the surrounding area might evolve before making your home purchase. Your agent can help you find a community that perfectly aligns with your preferences, lifestyle, and future needs.

Knowledge of Construction Quality and Builder Reputation

An agent also has the expertise to evaluate the construction quality and reputation of different builders. Their knowledge and experiences with local builders allow them to offer insights into each one’s track record, customer satisfaction, and construction practices. This information can help you avoid any potential risks and help you confidently select a builder known for delivering quality homes.

Assistance with Customization and Upgrades

The most obvious benefit of opting for new home construction is the opportunity to customize your home to suit your preferences. Your agent will guide you through that process and share advice on the upgrades that are most likely to add long-term value to your home. Their expertise ensures you focus your budget on areas that will give you the greatest return on your investment later on.

Understanding Builder Contracts and Negotiations

Builder contracts can be complex and differ from traditional home purchase agreements. Your agent can help you navigate these contracts to make sure you fully understand the terms and conditions. They’re also skilled negotiators who can advocate on your behalf, potentially securing better deals, upgrades, or incentives for you throughout the process.

Bottom Line

The guidance and expertise of a local real estate agent can make all the difference in turning your vision of the perfect home into a reality. Let’s connect so you can feel confident about purchasing your new construction home.

July 29, 2023

Key Housing Market Trends [INFOGRAPHIC]




Some Highlights

  • If you’re considering buying or selling a home, you’ll want to know what’s happening in the housing market.
  • Housing inventory is still very low, prices are climbing back up, and homes are selling fast when priced right.
  • If you want more information about our local area and what the trends mean for your plans to buy or sell, let’s connect.
Posted in market update
July 13, 2023

Hot Summer Market in Arizona

What is happening in the Hot Summer market of Arizona?

Less homes for sale but our demand remains steady and the market is fairly well balanced at 2 months of supply. 

Some people are hesitant to move and take on the new interest rates, although most sellers have great deal of equity to fuel their move/keep the mortgage balance down. Many renters are looking to avoid the drastically increasing rents.   As Dave Ramsey loves to say, if you can afford the house, "buy the home and refinance later."  This advice makes sense as rent can't create equity and this is where the majority of Americans create wealth.

American Dream Home Ownership builds wealth The Drew Team

Three reason a move this summer makes sense:   

1.  Most sellers are priced right.

2.  Many are willing to consider concessions.  

3. Rate buy downs/opportunity to refinance later.

The latest news on inflation dropping to 3% means, that if we follow historical trends, experts are expecting to see rates move downward in the latter part of the year -- here is some insight from NAR:

Inflation falling and rates likely to follow  The Drew Teama

You may be asking yourself, why not wait for rates to come down?  Remember that the inventory is low, there is still demand AND when rates come down the prices will likely rise further while leaving you with less options.

So if you are looking to move up and have a home to sell first this also is a great time as your equity is likely high and you'd have less competition of homes for sale too...

Equity to fuel your move The Drew Team 

Lastly I'm going to brag on our team, because we can't make the market but we can help you make the most of it as demonstrated by us receiving the Award for America's Best Small Agent Team for the 7th straight year!  Thanks to all who allow the privilege to serve!

America's Best Small Agent Team The Drew Team

Whatever your goals are in real estate we can help you reach YOUR goals!

Also want to thank our partners are Security Title

 

The Drew Team is Robin & Steven Drew, Robin McAvoy, Casey Hurlburt, Tom Walton and our amazing Admin Nancy Horn.    Since 2015 we have, together, served in over 820 real estate transactions, you would be hard pressed to find a more experienced or dedicate team!

 

Posted in market update
June 26, 2023

Homeownership Helps Protect You from Inflation [INFOGRAPHIC]


Some Highlights

  • Wondering if it makes sense to buy a home today even when inflation is high? When other costs go up due to inflation, buying a home helps you keep your monthly housing expense steady.
  • Rents typically increase with inflation. Maybe that’s why, according to a recent survey, 65.1% of landlords say they plan to raise the rent of at least one of their properties within the next 12 months.
  • Especially when inflation is up, having a stable housing payment can be helpful. Let’s connect so you can learn more and start your journey to owning a home today.
June 20, 2023

How Owning a Home Grows Your Wealth with Time [INFOGRAPHIC]




Some Highlights

  • If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership.
  • Over time, homeownership allows you to build equity. On average, nationwide home prices appreciated by 290.2% over the last 32 years.
  • That means your net worth can grow significantly in the long term when you own a home. Let’s connect so you can start your homebuying journey today.
May 30, 2023

Moving Now Can Give Your House Its Day in the Sun [INFOGRAPHIC]



Some Highlights

May 17, 2023

Tips for Buying A Home in Today's Market

Use these tips to make your best offer in today’s sellers’ market. Let’s connect so I can help you buy that home you’ve been wanting. Contact The Drew Team at (480) 256-2868 or visit www.FindMyHomeInAZ.com for more great resources. You can also meet the whole team, Robin & Steven Drew, Robin McAvoy, Casey Hurlburt, Tom Walton and our amazing Admin Nancy Horn. #realestatetips #realestateadvice #realestatetipsandadvice #drewteam #reachyourgoals #findmyhome