BloomTree Realty launched in August 2014 with a new vision for real estate and a passion for reinventing the modern brokerage. The founders embraced ideas such as infusing a set of core values into everything the company does and creating an environment where its agents are encouraged to share knowledge and cultivate their strengths. Continue reading “BloomTree Realty: Going against the grain…and thriving.”
I love to sell homes. It’s a privilege and an honor to be a part of the process. I get great satisfaction from making my living helping people move on to the next phase of their life, whether it’s upsizing, downsizing, or simply relocating to a new neighborhood. Continue reading “Are You Really Ready to Sell?”
Q: Do I need to hire a real estate agent to represent me when I buy a new home from a builder?
A: Legally, no. But if you don’t, you might be missing out on some tangible benefits that impact your wallet and how much you get for your money.
There are many reasons why an agent is a sound investment during the purchase process with a builder. While some of them can be quite complex (and go beyond the scope of this blog post), here are a few highlights: Continue reading “Do I Need a Real Estate Agent to Buy from a Builder?”
Moving isnʼt cheap. And really, it shouldnʼt be. If it is, you might ﬁnd out how expensive it can get when all of your valuable possessions have been destroyed in the move! Whether youʼre hiring a company to help you relocate, or youʼre planning a DIY (Do It Yourself) adventure, keep these handy tips in your pocket to protect your goods. Continue reading “Protecting Your Valuables During a Move”
Tips For First Time Home Buyers
Okay, first-time buyers… it’s time to turn your dream into reality. Your very own home. I’m sure you have questions. In fact, I’m sure your questions are like most first-time buyers. Which is why I’ve put together this basic answer guide for the most common questions home buyers have.
1. What kind of credit score do I need to have?
Generally, 630 or above is what you’ll want to have. The better your score, the better the terms will be on your loan. Some lenders may give you wiggle room on this, but it all depends on the circumstances. A loan professional can help you navigate this as you go. Continue reading “What you need to know before you buy a home”
Prescott, Arizona, has made the headlines again. The most recent accolade came from Time Magazine. The national publication has granted Prescott, Arizona, as one of the “happiest and healthiest cities in America”. This is prestigious title follows another recent honor made by the Sunset Magazine, who declared Prescott as the “best place to live in the Southwest”.
To determine the “happiest and healthiest” place to live, there were 189 cities identified and over 350,000 people were surveyed. Researchers based their rankings on the physical, emotional, financial, community, and social health of the communities. Prescott landed impressively at number 13 out of 189. In addition, Prescott, also known as “Everybody’s Hometown”, was the only Arizona city that landed in the top 20.
“Happiest and Healthiest” and “best place to live in the Southwest” are both titles that are well deserved. Prescott’s friendly community and near perfect climate makes it a great place to raise a family as well as a perfect place to retire.
For information on all that Prescott has to offer, give John Gorden with BloomTree Realty a call at 928-308-0101. John has specialized knowledge of the diverse communities in the greater Prescott area which has lead him to develop a comprehensive tour of Prescott Subdivision and Neighborhoods that suit your Lifestyle and Budget.
The answer to this frequently asked questions is NO! Anyone who has bought a home, sold a home, or just looked at homes, has heard of websites such as Zillow and Trulia. These are also commonly referred to as third party real estate websites. Third party real estate websites are not local to every real estate market.
These third party real estate websites provide estimates of home values for practically any home in the United States. How is it possible that a third party website that is headquartered in California or Florida can provide an accurate home value for a home located in Rochester, NY? These third party websites such as Zillow and Trulia, use computer generated home values based on calculations and formulas.
These websites providing inaccurate estimates (or “Zestimates”) can create a false sense of hope and lead to frustration. A home seller who is told their home is worth $20,000 less than the online estimate is going to be understandably upset. It’s critical that when selling a home, the value is determined by a top Realtor in your local area, not an internet website!
Let John Gorden Help You Get an Accurate Value of Your Home – Click Here for More Information
There are a handful of methods that Realtors use to determine the value of a home. The mot common method to determining the value of a home is by completing a comparative market analysis. A comparative market analysis is an in-depth evaluation of recently sold “comparable” homes in the past 6-12 months. A comparative market analysis, also known as a “CMA,” isn’t a crystal ball that determines what a home will sell for, however, if performed by a top Realtor it should greatly narrow the sale price range.
A professionally completed “CMA” will take into account amny features of not only a home, but also the local area and neighborhood. Considerations that a professionally complete “CMA” include, but is not limited to:
- Square footage
- Number of bedrooms
- Number of bathrooms
- Upgrades to kitchen
- Window quality
- Roof age
- Lot features
- Location; primary or neighborhood street?
- Style of residence
- Flooring type
Assessed value is not the same as market value or appraised value. There are many homes that could be sold for significantly more than an assessed value and others that maybe sold for significantly less. The assessed value of a home is used for the purpose of taxes in your local municipality. The assessed value of a home is multiplied by the local tax rate to determine what your yearly taxes are. The assessed value has no impact on how much your home is worth to a potential buyer in the marketplace.
Unfortunately, there are many home buyer’s who believe that a home that is listed higher than the assessed value is overpriced. This the furthest from the truth. Home buyer’s also question if something is wrong with a home if the list price is much less than the assessed value. The bottom line is the assessed value has no impact on how much your home is worth. There are home owners who don’t pay attention to their assessed value, just to find out their municipality has been slowly raising it, year after year, even though the market value hasn’t been increasing.