The Best Time To Sell A House In Phoenix

February 20, 2015 By Nathan Mitchell

When is the best time to sell a house in Phoenix, Arizona?

A Picture Is Worth A Thousand Words

A picture is worth more than a thousand words if you’re trying to figure out the best time to sell a house here in Phoenix. The above chart is monthly sales data that is pulled directly from the Arizona Regional Multiple Listing Service. There is a clear indication that the best time to sell a house is typically between the months of March and July. The reason being is that there is much more home buying activity during those months.

I have talked with many homeowners over the years about this subject and I find it interesting that so many people initially think that Fall and Winter would be the best time. I mean, it makes sense really to think that way. We have the most beautiful weather in the country during the months of November through February. That’s why we live here, right?

Why is spring and summer the best time to sell a house in Phoenix?

For many people, it’s hard to believe at first that spring and summer is the best time of year to sell a home. And that’s because they know Arizona weather! It can get a little toasty here, especially in the summer. With temperatures consistently hitting triple digits, most people tend to stay indoors as much as they can, when they can.

Weather aside, Arizona residents (and would be residents) probably have fairly similar considerations when thinking about the timing of a home purchase.

Parents typically want to move in prior to the start of a new school year.
Summer is when many people have time off for vacation.
Would be winter residents need to find and secure their home prior to winter. Spring and summer purchases tend to give winter residents enough time to prepare for their Arizona wintering.

You can sell your home when the timing is right for you.

With all of that being said, there’s still some very healthy buying activity through the months of July to September and a nice little spike in December. So, you can definitely still sell your home during the off peak months. You will just have to plan for longer market times (more days on the market), as there are fewer and fewer buyers, the closer we get to the end of the year.

Get expert advice on selling your home.

To get expert advice on selling your home: Click here

What Can I Do Right Now To Increase The Value Of My Home??

March 2, 2012 By Nathan Mitchell

What Can I Do Right Now To Increase The Value Of My Home?

When you’re selling a home, a little curb appeal can go a long way! You could possibly start with some less expensive things such as making sure your yard (front and back) is clean and tidy. Consider putting in some new plants/flowers if it’s the right time of year. Your first impression can really make a difference.

From there you can follow suit inside the home and make sure that it’s also clean and tidy. If some cosmetic repairs are needed, take care of them. Air out the home frequently and make sure there’s adequate lighting available.

There are plenty of other things you could do, such as remodeling the kitchen and bathrooms. Try to make a great first impression with neatness and cleanliness and you might be surprised what that could bring you, without heavy remodeling expenses.

Good luck!

Time Is Running Out To Sell Your Home!

February 20, 2012 By Nathan Mitchell

You’ve read that correctly. Time is running out to sell your home as a short sale – If you want to take advantage of the Mortgage Forgiveness Debt Relief Act and Debt Cancellation Act.

As many Americans already know, Congress enacted a law to limit tax burden on homeowners who short sell their homes between January 1, 2007 and December 31, 2012. Homeowners who sell their home as a short sale and their deficiency is forgiven, may be eligible to not have any tax burden if they meet certain criteria. Click here for the IRS explanation of the Mortgage Forgiveness Debt Relief Act and Debt Cancellation Act.

Here is the critical point to keep in mind – It takes time to market and sell a home, not to mention negotiate the short sale with the lender that holds the note. December 31st, 2012 is the deadline to close a home. That means that a seller would want to get their home on the market no later than June of 2012 if they wanted to feel confident that they would get the home closed by December 31st, 2012. Time is really running out.

In most instances, without the Mortgage Forgiveness Debt Relief Act and Debt Cancellation Act, if a homeowner sold their home as a short sale and had a $100,000 deficiency, that deficiency would count towards their income on their taxes for that year. For example, if you owed $300,000 on your home and sold it for $200,000, you would have a $100,000 deficiency. $100,000 would be counted as income on your taxes.

If you are considering putting your home up for sale here in Arizona, or anywhere else in the country, now is the time to act!

We recommend consulting a real estate attorney and tax adviser regarding ramifications of completing a short sale on your home.

Short Sales

September 15, 2010 By Nathan Mitchell

THERE ARE ALTERNATIVES TO FORECLOSURE. You have options if you owe more than your home is worth and you need to sell, no matter what the reason. We are real estate brokers and Realtors® and have vast amounts of knowledge and experience with short sales negotiations. Our marketing expertise will get your home the maximum amount of exposure necessary to bring the right buyer. When your home is under contract, we have a team of attorneys working on your behalf to help you get the outcome that you require.

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