Real Estate Information

Phoenix Arizona Real Estate Blog

The Russo Team

Blog

Displaying blog entries 1-10 of 356

Home Sales Defy Seasonal Trend December National Housing Report

by The Russo Team

Home Sales Defy Seasonal Trend: December National Housing Report

Last month saw more homes sold than any other November in the eight-year history of the National Housing Report from RE/MAX. All but one of the fifty-three markets surveyed posted an increase in sales over November 2015, with nearly half of the markets at least 20 percent higher. Despite the typical winter slowdown, November home sales finished 19.1 percent above a year ago and prices increased 1.4 percent over October.

The continued decline of inventory and talk of rising interest rates may have contributed to November’s surge of home sales,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. Over the past 11 months, the majority of markets have seen home prices return to their pre-recession levels, reaffirming that 2016 has been the best year for the housing market since the recession.”

Are you thinking of making a move in 2017 but not sure what your home is worth? Give us a call today. We will help you successfully navigate the home selling process. We look forward to hearing from you soon – Frank

Frank Russo
The Russo Team
RE/MAX Professionals
www.RussoTeam.com
602-864-1200

The Russo Team Newsletter January 2017

by The Russo Team

The Russo Team Newsletter January 2017

Frank Russo
The Russo Team
RE/MAX Professionals
www.RussoTeam.com
602-864-1200

Search the MLS Now!
Join us on Facebook and Twitter

Wealth Building for Everyone

by The Russo Team

Wealth Building for Everyone


Don't think of real estate investing as a one-time transaction; think of it as part of your long-term wealth building strategy. We are hosting a seminar, were we will teach you the principles of investing in real estate to build your wealth based on the book HOLD: How to Find, Buy, and Rent Houses for Wealth. The easy-to-follow five-step process we will be discussing:

1) FIND the right property for the right terms and the right price

2) ANALYZE a property to make sure the numbers and the terms make sense

3) BUY an investment property where you make money going in

4) MANAGE your tenants and property like a pro

5) GROW your way to wealth and financial freedom

  • Date and Time: Saturday, January 28th from 10:00am to 12:00pm
  • Location: 7121 W. Bell Road in the Basement Training Room

All attendees will receive a free copy of the book. There is NOTHING to purchase at this wealth building seminar! We give you ALL of the tools & strategies you need. Don't bring your checkbook! 

Please RSVP to lrusso@russoteam.com or click here to register on Facebook event by Thursday, January 26th, 2017. Space is limited so don’t wait to reserve your spot!

Frank Russo
The Russo Team
RE/MAX Professionals
www.RussoTeam.com
602-864-1200

Search the MLS Now!
Join us on Facebook and Twitter

It’s a Wonderful Life: A Holiday Message from The Russo Team

by The Russo Team

It’s a Wonderful Life: A Holiday Message from The Russo Team

Season’s Greetings friends! It’s truly the most wonderful time of year, and it’s a wonderful life that we get to live – and even better when we have the opportunity to help home buyers and sellers with the most important decision they can make. As this year is counting down, we want to say THANK YOU for the many years of continued success as your trusted real estate partner.

We are grateful for every past client who did business with us again this year, and for all the referrals of your family and friends. We love what we do, and we hope you know how much we appreciate you today, and throughout the year! From all of us at The Russo Team, we want to wish you and your loved ones a very happy, healthy and safe holiday celebration. May your season be filled with all the reasons that remind us throughout the year – that it is a wonderful life! Happy Holidays – Frank 

Frank Russo
The Russo Team
RE/MAX Professionals
www.RussoTeam.com
602-864-1200

Search the MLS Now!
Join us on Facebook and Twitter

What the Experts Predict for the 2017 Housing Market

by The Russo Team

What the Experts Predict for the 2017 Housing Market 

There is no doubt that post-election concerns have left many wondering what the 2017 housing market will look like. Depending on which side of the Trump fence you look at, there are negative and positive predictions. However, according to the 2017 Housing Forecast provided by realtor.com, the Phoenix-metro area is ranked number one with a projected increase of home values by 5.94 percent and a sales growth at 7.24 percent. Here are a few more highlights that the experts predict for the 2017 housing market:

  • Mortgage rates will likely continue to increase throughout the year.
  • The Millennial generation is likely to enter the housing market, and will be the largest pool of first-time home buyers, surpassing the baby-boomers.
  • Inventory will continue to be a challenge, however in Phoenix is the growth predictions are accurate, we may see this ease with new construction.
  • Current homeowners are staying put longer and investing in remodeling and updating their current property. This is a trend that we will continue to see in 2017.
  • There won’t be a lot of government backed new home incentive programs, however with less mortgage regulation, loans could become easier to get and more creative financing options.

If you or someone you know is interested in learning more about qualifying to buy a home, or considering an upgrade in size or location, please give us a call today. The holiday season is a unique time for real estate and there are plenty of opportunities waiting to be taken advantage of. Give us a call today – Frank

Frank Russo
The Russo Team
RE/MAX Professionals
www.RussoTeam.com
602-864-1200

Search the MLS Now!
Join us on Facebook and Twitter

RE/MAX National Housing Report for November

by The Russo Team

RE/MAX National Housing Report for November

According to the RE/MAX National Housing Report for November, Phoenix, Arizona saw a +12.2% increase in property values! Despite a slight decrease in the number of transactions, this October is the second best in the history of the National Housing Report.

“Although October sales weren’t quite as robust as what we've tracked so far in 2016, it's only the second month this year that didn’t exceed the strong levels set in 2015. But finishing just 1 percent below October 2015 sales is still a very solid performance,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. “It’s the 13th consecutive month of double-digit decline in inventory year-over-year, and that appears to have pushed prices up in all but one market.”

If you are considering a move in 2017, but not sure if now is a good time please give us a call today. We can help you determine the value of your home, and create a plan that will meet your real estate goals. We look forward to hearing from you soon.

Frank Russo
The Russo Team
RE/MAX Professionals
www.RussoTeam.com
602-864-1200

Search the MLS Now!
Join us on Facebook and Twitter

The Russo Team Newsletter December 2016

by The Russo Team

The Russo Team Newsletter December 2016

http://www.russoteam.com/agent_files/Monthly Newsletters/The Russo Team December 2016 Newsletter.pdf

Frank Russo
The Russo Team
RE/MAX Professionals
www.RussoTeam.com
602-864-1200

Search the MLS Now!
Join us on Facebook and Twitter

Be Thankful, a Message from The Russo Team

by The Russo Team

Be Thankful, a Message from The Russo Team

Be Thankful 

Be thankful that you don't already have everything you desire.
If you did, what would there be to look forward to?
Be thankful when you don't know something,
for it gives you the opportunity to learn.

Be thankful for the difficult times.
During those times you grow.
Be thankful for your limitations,
because they give you opportunities for improvement.
Be thankful for each new challenge,
because it will build your strength and character.

Be thankful for your mistakes.
They will teach you valuable lessons.
Be thankful when you're tired and weary,
because it means you've made a difference.

It's easy to be thankful for the good things.
A life of rich fulfillment comes to those who
are also thankful for the setbacks.
Gratitude can turn a negative into a positive.
Find a way to be thankful for your troubles,
and they can become your blessings.

Source: http://www.coolest-holiday-parties.com/thanksgiving-poems.html

From all of us on The Russo Team, we wish you and your loved ones a very happy, healthy and safe Thanksgiving!

Frank Russo
The Russo Team
RE/MAX Professionals
www.RussoTeam.com
602-864-1200

Search the MLS Now!
Join us on Facebook and Twitter

Limited Services, Limited Fees: What You Are Really Paying For

by The Russo Team

Limited Services, Limited Fees: What You Are Really Paying For 

We have received several phone calls lately from clients wanting to know more about limited services for a limited fee. With a strong housing market, it is not uncommon to see start-up real estate companies popping up with offers that make sellers question what they are really paying for. Let’s take a closer look at what limited services for a limited fee look like when it comes to selling a home:

Pick-a-plan-pricing: instead of charging a percentage of the sales price as a commission, you might see a flat fee pricing plan that has limited services included. While they may list your home for sale in the Arizona Regional Multiple Listing Service (ARMLS), the flat fee may not include a yard sign, or a lockbox. If you want those services, the price goes up. Keep in mind, even with a pick-a-plan-pricing, you will still pay a commission through ARMLS to a buyer’s agent; that costs is typically three percent of the agreed upon sales price.

No marketing plan: with a limited service real estate company, you might be saving on the commission money but you’ll also be giving up any professional marketing that might be included with a traditional listing agreement. If you want professional photos, virtual tours, videos or Internet exposure, you will be responsible for the cost and navigating which sites will help you sell your home. Of course, the limited service companies will offer a package that includes a marketing plan, but it will cost you more money.

Showing your home: when someone wants to see your home, you will be responsible for arranging the time, screening the buyer’s qualification, and verifying that the person calling is in fact a licensed REALTOR®.

Negotiations: in many of the limited service agreements offered, negotiating the purchase contract is not included in the flat fee. This means you will be responsible for negotiating the best price and terms on your home – by yourself. For a more experienced home seller, this might not seem like a big deal – but it could also be the moment you realize what the flat fee pricing is really costing you.

The Escrow Process: every limited service company is different and their fees may or may not include assistance during the escrow process. If the flat fee you are paying to save on commissions does not include representation during the escrow process, that means you will be responsible for making sure that escrow is opened (this means the buyer has deposited their earnest money funds with the title company), negotiating any home repairs the buyer asks for, following up on the appraisal, keeping in touch with the lender to make sure the buyer’s loan is proceeding and dealing with the buyer’s agent. It is important to point out that the buyer’s agent is not there to help you, and actually they would be putting their license in jeopardy if they did.

Not too long ago we published an article in our newsletter with a list of over 150 items that we do while representing our client in a real estate transaction. These five bullet points are just a few of the risks that hiring a limited fee company means for you. This year, we have been able to negotiate between 98 and 103 percent of list price to sales price for our seller clients. If you are worried about the cost of commissions charged by traditional real estate companies, I would ask that you consider what it is really going to cost you by when it comes down to having an experienced professional represent your best interest. You pay for what you get, and if it seems too good to be true, it usually is. If you are thinking about selling your home, please don’t risk your bottom line to save a few bucks on commission. Give us a call today – Frank 

Frank Russo
The Russo Team
RE/MAX Professionals
www.RussoTeam.com
602-864-1200

Search the MLS Now!
Join us on Facebook and Twitter

The Russo Team Newsletter November 2016

by The Russo Team

The Russo Team Newsletter November 2016

http://www.russoteam.com/agent_files/Monthly Newsletters/Russo Team Newsletter November 2016.pdf

Frank Russo
The Russo Team
RE/MAX Professionals
www.RussoTeam.com
602-864-1200

Search the MLS Now!
Join us on Facebook and Twitter

Displaying blog entries 1-10 of 356

Syndication

Categories

Archives

RE/MAX Professionals Each office independently owned and operated