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Nov 7

Some Insights About Home Values From a Real Estate Appraiser

I was a part of a class recently for Real Estate professionals on the topic of Appraisals.  We had an appraiser in attendance, and the appraiser’s answers to some of the questions surprised us all. Isn’t the definition of market value “the price at which a seller is willing to sell and a buyer is willing buy?”  If so, then why does it sometimes happen that a price is agreed upon by all parties, and then the appraisal value comes in low? It turns out the answer is…IT

Sep 20

Yuma Real Estate Market Update September 2016

Yuma Real Estate Market Update September 2016

Across the nation, real estate headlines are all talking about lack of inventory.  In many markets around the US, there are simply not enough homes for sale to meet demand.  That creates a seller’s market, and leads to rising home prices.  How does that affect Yuma Arizona?  At first glance, the numbers look pretty promising for Yuma County.  In the first 8 months of the year, we sold 1,675 units.  That’s an average of 209 homes per month.  Based on the current inventory, there is a 6.45 month supply

May 23

Real Estate Photography Class in Yuma

Real Estate Photography Class in Yuma

Come join us this week for a 2-part course – How to Take Professional Listing Photos! Wednesday and Friday from 11:30 to 1:30.   Wednesday is classroom style at NOVA Home Loans. 454 W Catalina Dr, Yuma AZ 85364. Lunch will be provided. Bring your camera!   Friday we will meet on site at an active listing (location to be announced on Wednesday) for some invaluable hands-on training, experience and one-on-one feedback.   Rene Alcala is a very talented photographer, as well as an entertaining speaker and trainer.

Jul 30

Should I Make a Low-Ball Offer?

Should I Make a Low-Ball Offer?

If you’re anything like me, you don’t like to buy anything without feeling like you got a good deal.  When shopping for a house, sometimes that drive for the best deal can get you into trouble.  If you are considering making a lowball offer, there are a few things you should think about first. #1 – Homes in this market tend to sell for close to asking price.  Look at the chart below.  On average last year, homes sold for about 97% of asking price.  What that tells you is that sellers in

Jun 18

The Secrets To Choosing the Right Realtor, Part II

The Secrets To Choosing the Right Realtor, Part II

In my opinion, the secret to choosing the right realtor comes down to these 2 things: 1.  They need to be an expert on the market. 2.  They need to be a skilled negotiator. Being an expert on the market usually means being a realtor full time.  Here in Yuma AZ, where I live, each neighborhood is it’s own little “mini market.”  We’ve seen prices going up in one neighborhood while a few streets down, values are dropping.  Only someone who is actively in the business would understand

Jun 18

The Secrets To Choosing the Right Realtor, Part I

There is a Misconception out there that Realtors cost you money.  The REALITY is that as a buyer, your agent is going to be indispensible, and the seller pays their fee, so you won’t have to pay them a dime.  In fact, because of how much money is at stake, a good realtor can save you more money than almost any other person you’ll work with in your life.  BUT the key is, you have to choose the right one.  And the way to do that is by