Millennials are the largest and youngest adult generation, but with having student loans to pay off, millennials are living in a world of sharing their music, rides, vacation places and favorite foods all through social media – rather than owning a home as top priority. According to the National Association of Realtors® this is supposed to change for 2017. Here are a few points why buying a house might be a smarter choice than renting:
1. Wasting money on rent: Instead of paying someone else’s mortgage, this money could go towards their own home.
2. Most likely their monthly rent is higher than what a payment towards a house would be. A report in Investor’s Business Daily states that paying a mortgage is cheaper in 42 states, because the interest rates – even after raising slightly – are still very low.
3. Being the generation of social media and self-expression: nothing beats the feeling of having your own home with a beautiful kitchen, floor or wall paper to hang up a printed version of a great Instagram shot.
By: PATRICIA MADIGAN
The seller’s market in Phoenix right now is like the weather: HOT! If your house still hasn’t sold yet, it could be one of the following reasons:
1. It’s overpriced
Just because it’s a seller’s market doesn’t mean the sky’s the limit. If your asking price is too much, it’s simply not going to sell. How much is your house worth? – Whatever a buyer is willing to pay for it! If you are listing your house above market value, you might risk losing prospective buyers. That’s why it is important to work with an experienced real estate agent who knows the market and the comparables in your area.
2. Too much clutter
The most important factor to sell your house is to leave a wonderful impression on buyers. That includes having a clean space, not too much clutter or personal decor. Have your house professionally cleaned – nothing is a bigger turn-off than bad smell when you walk in the door! You want to make sure to open up your house, make room, remove those little nick-knacks and keep personal pictures at a minimum.
3. The House screams YOU
This goes along with the above point: if your house is full of your stuff, then buyers are gonna have a hard time seeing past your “unique” furniture, decor or wall color. You want the buyer to be able to see THEMSELVES living in the home!
4. Misleading Description
Ok, let’s be real: we all want the house to sell, so it’s normal to “pretty up” the wording in the description. BUT: it’s a No-Go to flat-out lie. It’s an absolute turn off to the buyer, you wasted their time and you lost their trust. Give an honest impression on what the buyer can expect walking into your home.
5. You’re present at the showings
No buyer likes to have a seller lurking around during a showing. The buyer may get very uncomfortable, feel pressured and maybe even leave the showing early because he didn’t feel the freedom to really look around and express his opinion to his agent.
Find a friend or neighbor who will give you an honest opinion. One of the best ways to avoid making those mistakes is to work with a professional Realtor.
BY: PATRICIA MADIGAN
The Aladin Group has worked with Kelly for over 10 years and she has the best advice for our clients!
If you or someone you know preparing to purchase a home, you will want to watch my video to get an idea of what to expect. The process can seem overwhelming at first but we do our best to make it as smooth as possible! http://www.kellyzitlow.com
It was a pleasure helping out this great foundation during Spring Training in Phoenix!
The Special Operations Warrior Foundation offers family and educational counseling, including in-home tutoring, to the surviving children of Army, Navy, Air Force and Marine Corps special operations personnel who lose their lives in the line of duty. SOWF also ensures full financial assistance for a post secondary degree from an accredited 2 – 4 year college/university or trade schools.
The Special Operations Warrior Foundation also provides immediate financial assistance to severely wounded and hospitalized special operations personnel. For more information on how you can help, please visit www.Specialops.org
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