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Category: Kelly’s Korner Video Blog

What We Do for Buyers in This Market

It’s easy for buyers to become fatigued in a market like this.

Right now, buyers are facing an uphill battle to win the homes they want. This market is very competitive, and there isn’t much inventory. We don’t want our buyers to end up getting fatigued, so I’m sharing the five things we do to help our buyers in the current market. 

Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message, or use these timestamps to browse specific topics at your leisure:

0:00 — Introducing today’s topic 

2:30 — No. 1: The Coming Soon Program 

4:35 — No. 2: Relationships 

8:10 — No. 3: Communication 

9:30 — No. 4: We offer bonuses 

10:00 — No. 5: Escalation clause 

11:40 — Wrapping up

If you have any questions, don’t hesitate to reach out to us at (480) 442-9868 or info@kellycookhomes.com. We look forward to hearing from you.

Are We Heading for a Recession?

With everything happening in our economy, is a recession coming?

Right now, there seems to be one question on everyone’s mind: “Are we heading for a recession?” People are concerned about inflation, rising interest rates, and global conflict, and it’s hard to blame them. Today I want to discuss the state of our market and predict whether or not we’re heading for a recession. 

You can watch my full prediction in the video above, or skip to each topic using the timestamps provided:

0:00 — Introduction

1:02 — Explaining interest rates and inverted yield curves

2:05 — Our yield curve inverted recently, and people became concerned 

3:48 — The three-month yield curve is not inverted

4:50 — Don’t get caught up in the negativity

5:16 — If we do have a recession, it will be mild

6:03 — The unemployment rate is low, and savings are high

8:03 — Wrapping things up

If you have questions about today’s topic, please call or email me. I am always willing to help.

Why Buying in Phoenix Still Makes Sense

Here’s why it still makes sense to buy in our current market.

“If the market is about to crash, shouldn’t I wait to buy?” Many clients have been asking me this question recently, so I thought I’d address it today. While it’s true that prices have been rising for a while, it doesn’t look like we’re heading for a crash anytime soon. Plus, it actually makes more sense to buy instead of rent than it did before. Today I want to discuss why that is.

You can watch my full explanation in the video above, or skip to each topic using the timestamps provided:

0:00 — Introduction

0:43 — Inventory is slowly trickling into our market

1:43 — Our supply and demand are real, unlike in 2008

3:21 — Why you should buy instead of rent

7:15 — It costs way less long term to buy instead of rent

8:15 — Why it’s still a great time to buy

8:50 — Wrapping up today’s topic

If you have any questions about today’s topic or if you’re looking to buy or sell a home, please call or email my team. We’d love to help you!

A Holiday Message From Kelly Cook Real Estate Group

From our team to your family, we want to wish you a happy holiday season.

It’s the end of the year and time to reflect on this year and the one that’s coming. I’m excited about Christmas this year, and I hope you are as well.

This message is all about gratitude. I want to thank each and every one of you for an amazing 2021. We’ve had some wonderful stories of success to revel in, and we can’t wait to help even more of you in the future.

Whether you need help preparing your home for sale, buying a new home, or anything in between, we’re here to service your real estate needs. Thank you for helping us help the community and making this a year to remember.

This may be a busy time of year, but we are always here to help you and answer any questions you may have. Give us a call or reply to this email; we’d love to help you.

In case we don’t hear from you until 2022, have a happy new year!

How You Can Make a Cash Offer

We have a program that will let you make a cash offer on your next home.

Why don’t you buy your next house with cash? Most people would say they don’t have enough cash or that they don’t want to use that much cash. According to a recent study, 43% of Americans have to sell their current house to afford their next house. We have a solution to both of these problems.

We have partnered with a cash solution source that is willing to lend you up to $3 million cash to buy your next property. You can shop for your new house with cash, and after you move, you can sell your old home. You don’t have to write a contingent offer, and you don’t have to worry about double moves.   

Cash is king.

Maybe you don’t have to sell your old home, but you’re just tired of losing to cash offers. With this program, you can turn your financed offer into a cash offer and win those multiple-offer situations. You might want to buy with cash because people have proven that cash gives you about a 3% to 5% discount on your home purchase.  

This is an amazing resource that we want to give to you all. There are a lot of details that go into this, but to give you an idea, this offer has a 14 to 21 day close with as low as a six-day inspection period. On top of that, there is no cap to the amount you can bid. All of this makes our offer extremely enticing.

If you have any questions about what it would take to turn your offer into cash, give us a call at 480-277-2028 or send us an email at info@kellycookhomes.com. We appreciate all our clients, and happy Thanksgiving if I don’t hear from you until then.

 

If you are looking for an informative, educational Youtube channel that keeps you fully informed on everything that has to do with Phoenix, AZ, please visit our Youtube Channel below that is titled “Everything Phoenix by Kelly Cook”.  This channel will give you everything you need to know about our wonderful city and all surrounding suburbs and towns. Have fun binge watching!😊

https://youtu.be/10NZ4gf2xlU

6 Ways to Increase Your Home’s Value

Here’s how to spruce up and refresh your home, even on a budget.

Are you thinking of selling or sprucing up your house a little to make it more inviting? If so, today I’m covering the six top, proven strategies to maximize your home value—even if you don’t have a high budget.

Feel free to follow along in the video above or else use the timestamps below to navigate the conversation at your leisure:

0:00—Introduction

1:40—Declutter your home

2:47—Make your house certified pre-owned (CPO)

4:50—Change your front door handle

5:41—Fresh paint and carpet

6:51—Curb appeal

8:07—Make your handles and hardware uniform

9:30—Wrapping up

If you have any questions or would like more advice about reinvigorating your home, don’t hesitate to give me a call or send me an email. I’d be happy to help.

We are your ONE-STOP shop for all possible options when selling your home!

Here’s how we can help represent your interest in real estate deals.

If you’ve been thinking of selling in this market, you have a lot of options. Prices are up and demand is high, so if you are looking for something specific from a buyer, you can probably find it. For example, if you want to sell to a cash buyer, one option is to sell to a venture capital company like OpenDoor or Zillow.

If this is the path you want to take, please give my team a call. We can represent your interests in the transactions and fight to get you the best deal possible. If you go to one of these companies directly, they won’t offer you the best price they are willing to pay. We can leverage our existing relationships with these companies to maximize your profit.

This is a similar situation to new-build properties. If you walk into a new-build situation without an agent, you have relinquished your right to representation during the negotiation phase. Sometimes this isn’t an issue, but often, builders and venture capital companies take advantage of your lack of experience.

 

We can leverage our existing relationships with these companies to maximize your profit.

 

The second thing I want to talk about today is a program for sellers that want to buy before they sell. This program will buy your house to alleviate your debt obligations until you buy your new home. After you move into your new home, you can then sell your old home at your leisure.

If you’d like to hear the details of this program or if you have any other questions, please give me or my team a call. We’d love to help you in any way we can.

Should You Still Consider Buying in This Market?

It is still a good time to buy in this market.

Anyone who’s even halfway interested in the housing market has this question on their mind: Is right now still a good time to buy? I’ll answer that question and more in today’s video. Activity is starting to curtail in our Phoenix market. Additionally, the supply and demand imbalance is starting to level out a bit. 

Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety or use these timestamps to browse specific points at your leisure:

0:00—Introduction to today’s topic

0:50—The frenzy has died down, but prices will continue to increase 

1:41—Why it is, in fact, still a good time to buy 

3:40—The No. 1 thing you can do to hedge against inflation 

4:25—Lending practices have tightened 

4:45—Affordability has increased 

6:14—It’s actually cheaper to buy right now than rent 

6:57—The influence of economic growth and annual median income

7:27—Wrapping things up

As always, if you have questions about this or any real estate topic or are thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’m happy to help.

3 Ways to Buy and Sell a Home at the Same Time

These strategies can help you secure a home after selling your current one.

Buyer demand is incredibly high right now, which means homes can sell very quickly. Unfortunately, this leaves some sellers worried about what happens afterward. If there’s so much competition among buyers, how can a seller find a new place to live? This uncertainty is stopping some would-be sellers from jumping into the market.

Fortunately, there are a few strategies you can use to ensure you don’t end up without a home after you sell. Your purchase of a new home likely depends on the sale of your old one, so here are some ways you can navigate this situation:

1. Sell now and negotiate a post-possession deal: You can go ahead and list your home, and we will negotiate a post-possession clause that allows you to stay in the home for up to 60 days after selling. After 60 days, it technically becomes a lease agreement, and some of our clients have been able to secure a lease for as long as six months after selling. And because our market has been so crazy, the costs of the lease are usually waived completely. This gives the seller plenty of time to find a new place to live, and their next purchase is no longer contingent on their previous home’s sale.

 

All of these approaches can help ensure that you don’t end up without a home after selling.

 

2. Get qualified to purchase without having to sell first: There are things you can do that involve leasing your property. This can lower your debt-to-income ratio and give you the funds needed to purchase another home while still owning your old one.

3. Buy first and then sell: If your purchase is contingent on the sale of your old home, there’s still a way you can buy a new home before selling. How? We have an investor that will give you the money up front, allowing you to buy the home in cash. As soon as it closes, you’ll have a temporary loan on the property. You then sell your old home (which will sell quickly), get the money from the sale, and get financing for your new property. This investor option is essentially a short-term loan that acts the same as cash. You may pay around 9% to 12% interest for a few months before refinancing into your new mortgage. 

All of these approaches can help ensure that you don’t end up without a home after selling. If you’re thinking about selling and then buying a new home, contact us to learn more about which strategy may work best for your situation. We look forward to hearing from you soon.

What’s Happening in the Phoenix Market Right Now?

Here’s what you need to know about the Phoenix housing market right now.

Today we have a quick update for you on the Phoenix housing market. The latest numbers are in, and we’re excited to share them with you. We currently have 9,500 active listings for sale. That’s a big 49% decrease from last year when we had 18,300 at this time. As of March 2021, there were about 8,800 homes available, so we’ve seen an 8% increase in inventory month over month. We’ll keep a close eye on this trend. Home sales are up by 15% from this time last year. We had 9,900 homes sell last month compared to 8,400 in 2020. We have just a 0.5-month supply of inventory, down 70% from the already-low 1.7-month supply we had at this time last year. Homes are selling in an average of 32 days right now, which is down 39% from the 52-day average last year.

The population migration to Phoenix right now is incredible.

Here’s a great stat for homeowners: Home appreciation is up 16.8% year to date across the board. Last year during this time, we saw a 6.6% increase. The market has been going up for years, but the appreciation we’ve seen so far this year is simply insane. These numbers aren’t great for buyers, but there are still strategies you can use to win as a buyer in this market. With interest rates still in the 3.5% range after a slight bump, homes are still affordable. If rates were to go up another 0.5%, you’d see about a 5% drop in buying power. Where do we go from here? Right now, 5,500 people are moving here just from California. People are moving here from other parts of the country as well. Our population migration is huge, and the trend is only going to continue. If you have any questions for me about the market or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.