Friday, April 2, 2021 / by Ryan Nager
Sellers in this market are running into problems and we’re solving them.
So much has been said about this low-inventory market. Combined with fears from the pandemic, a lot of people are staying put in their homes right now. If you’re in a situation where you don’t love where you live, I want to talk about some options that our sellers are successfully utilizing in today’s market to win as buyers, too:
"A lot of buyers are open to the idea of a leaseback in this market."
1. Do a leaseback. Buyers are making extraordinary sacrifices to secure homes these days. One of those sacrifices is a leaseback, which allows you to stay in your home for a period of time after it has sold to give you ti ...
Thursday, March 4, 2021 / by Ryan Nager
Here’s a quick update on Phoenix real estate heading into spring 2021.
Today we’re going to take a closer look at the spring market for Phoenix real estate in 2021. The word unprecedented is probably overused in today’s world, but it’s hard to find a better word to describe what’s happening right now.
"Homes are selling just as quickly as they’re listed."
For starters, we’re sitting at record-low inventory levels. There have never been this few homes for sale in Phoenix. Inventory is down almost 60% from where it was this time last year, and even that was low for our market. Additionally, homeowners have seen a 19% home appreciation rate year over year, so a lot of homeowners are sitting pretty with some nice equity in their properties.
The biggest things driving home price growth are record-low interest rates and an influx of people coming here from the coasts and other big cities. They’re able to offer a little more on ...
Wednesday, December 2, 2020 / by Jessica Nager
Are you concerned a housing bubble might be looming? In this post, I give you 3 reasons why the Phoenix Housing Market is nothing like the crisis we saw in 2005/2006. For more Phoenix real estate advice and tips on the current market, check out my youtube channel: https://www.youtube.com/channel/UCKwi5-5TiG3TIWWuY_GA8BA Reason # 1 - Rental Home Prices Are Rising Between 2000-2005 rental rates decreased as home prices increased. When home prices are increasing and rents are decreasing for the exact same home that is a strong signal of a real estate bubble. Today renters face stiff competition as rental rates are on the rise. Reason # 2 - Types of Buyers During the 2005 crisis, anyone could purchase multiple homes for little to no money down. Our buyers out there today are qualified with solid credit scores and the desire to live in that residence long term. Investors today are purchasing with all cash and typically 20% down, so we are seeing a lot of real money poured into the market. R! ...
Monday, July 6, 2020 / by Jessica Nager
Buying a house is very exciting, but has anyone ever shown you what the 4 closing costs associated with buying a home are?
Buying a house without knowing your budget is sort of like painting your house without knowing the color. When you know your budget, you’ll be better prepared and there will inevitably be fewer surprises.
Hi, I’m Ryan Nager with the Ryan Nager Group and in this video, I’m going to walk you through the 4 buyer closing costs associated with buying a home and what you can expect. Knowing these numbers will help you make wise financial decisions and the truth is... good deals go fast. When you know your numbers, you can't take advantage of good deals without hesitation.
1. Money For Your Down Payment This isn’t so much as cost... as you’re putting it towards the house but it does leave your bank account. Generally, you can see down payments anywhere from 3-20% of the purchase price.
2. Title Costs When you close on ; ...
Friday, December 27, 2019 / by Jessica Nager
It’s not 1999 anymore—and that means your first showing is going to take place online. If you want your house to sell fast and for the most amount of money, you need to make sure it looks as good as possible. To do that, it’s critical that your listing includes professional pictures and videos.
The fact is, people don’t really need to sell their homes with a traditional real estate agent anymore. While there are a variety of options on how to sell a house—whether for sale by owner, with a flat-fee brokerage, or with an awesome real estate agent like me—presenting a property in the best light possible is non-negotiable in today’s market.
The way people shop for real estate has also changed: over 90% of searches for a new home start online. The majority of this initial interest won’t involve you (or your realtor) at all. A prospective buyer will find a property they like on a real estate search engine! ...