Friday, October 28, 2011

So just how much "Castle" could you afford?

I was thumbing through bank owned properties in the Northwest Valley today and again I continue to be shocked by the incredible deals that are being afforded in todays market.

Now , its no secret that this local Realtor is originally not from these parts. I am in fact originally from a small community that lies just a little over 5000 miles east of downtown Phoenix called "England". The land of greenery and castles right? Well there is an old saying back home that reads "An englishmans home is his castle"

 I wondered to myself, so if I were back in the UK how much castle could I afford? Time for a comparison! Lets take 100k (dollars) and see what we can find in Phoenix

This little beauty is up for sale for $99,000 dollars which equates to about 60k Pounds in England.

This property is 2400 square feet and has 4 bedrooms and 2.5 bathrooms. It also has a private above ground swimming pool.

Now what can we get with our cash in the UK? lets find out.

Ok so I'm only kidding right? well I am, but this little beauty is up for sale for 18k  which is $29,000!!! but anyway I digress, lets look again!

So this is a pretty grand looking building right? not bad for your 100k! oh except wait a minute, for those of you not familiar with flats in England, I have highlighted the borders of the property you just bought above in red. Thats right you just bought a 500 square foot flat in Brighton.

So you Phoenicians! its time to go out and buy a house, in fact go out and buy three!!! and make sure you call me when you do! thanks!

Chris Spalding

Friday, October 14, 2011

Building a business and the business card bandit....

I have spent many hours lately reading about how to expand your business and expand your client base. One of the more interesting subjects surrounding business cards and their use to help promote ones self! An article I read suggested that you should leave business cards at bus stops, in library books, on counters in stores, all for the purposes of increasing the likelihood that somebody would place one in their wallet and then at some later point extract the aforementioned card and call you with the express intention of utilizing your services. I had a hard time feeling comfortable with this marketing technique, it did not seem very Spalding like. Anyway as the days went by I thought about this some more until I found myself in Baskin Robins with my two boys Nathan and William (5 & 7). I noticed a spot next to the sprinkles where people had left their business cards, what the heck, I placed one down next to the pile of cards. That was it!!! I became addicted, the OCD side of my nature kicked in and I was doomed. Over the next week I embraced this habit and found myself leaving cards in tip jars, drive through Starbucks counters, restaurants, you name it I was leaving a trail! Yesterday was a sad day for this realtor as my new obsession hit new desperate lows, I was tasked with picking up some Flonase for my sons allergies from Walgreens. I decided to use the drive through and found myself in the outside lane using the suction tube. At the very end of the transaction after my credit card and meds were safely dispatched , I found myself slipping a business card into the empty container and shooting it back to the teller before driving off quickly from the lane! Anyway the moral of this story is please forgive me if you are the victims of one of these stunts, I promise one day very very soon to gain control over this :)

Tuesday, October 11, 2011

New Homes - Remember those????? Colina Del Sur by K Hovanian

I previewed a new community today just south of Jomax road between 67th and 83rd avenue. Colina Del Sur is a subdivision built by K Hovanian Homes. The homes are ranch style on oversized lots starting from around $300,000. I had several discussions with some of the people viewing the model and there seemed to be two main conversational themes

1/ When was the last time you saw new homes being built?
2/ How do these compare with used homes in the market and especially those that are bank owned?

So one of the things that I find encouraging about the NW Valley right now is the sudden reappearance of people swinging hammers and flags pointed high above several new home developments. This to me is a key indicator that the market is at a point of recovery. The grand opening of this subdivision completely overwhelmed the sale people to the point that they completely ran out of literature. Admittedly I'm sure a large percentage of this traffic was curiosity seekers but it still shows movement in what has been a very stagnant market. Model homes are great! they have a way of making home buying seem fun again! I think everyone has had a enough of looking at pictures of homes with trashed cabinets and concrete poured down sinks!!!

So how do these new homes match up? well they look great in the model, but you are probably up to $50,000 lighter once you take the sales price and spend an afternoon walking through the design center! They are offering some incentives (although I noticed these were not heavily advertised and I had to ask), there is $5000 towards closing costs and $5000 off at the design center. These are unique properties in that they are single storey and up to 4500 sq ft. The plus side of a new home is they come fully warranted. You might pay more than you would for an REO but you will not inherit any of the possible headaches of buying a home "as is".

Bottom line is if you are interested in buying a new home, the homebuilders want nothing more than for you to show up without representation. Its cheaper for them and you are less likely to place as many demands and require as many assurances as would a seasoned agent. It costs nothing to you as the buyer and I would encourage you to contact me today if you want help being guided through this fun and exciting process!!

Thursday, October 6, 2011

Lazy Realtors and Great Pictures!!!

So how important are photographs when it comes to selling your house? It is the humble opinion of this realtor that a house needs to be staged and photographs need to be clean, crisp and look as though we are taking a peek through the window of a model home, this opinion however is not shared by all of my peers. Take this picture below for example.

Do we notice what's wrong here? Aside from the general clutter and abundance of pictures hanging from the wall, it might be a nice idea to photograph this room without the homeowner asleep on the couch!!!!!!

Here is another priceless effort! Maybe this was an "open" house??

So in this next pic, does the car come with the house? or do we have some difficulties accessing the driveway????

So anyway I think you get my point here!!! Some realtors are offering "no hassle listings" meaning you can take your own photographs, never meet the realtor, not have to put up with a listing presentation at 6pm in your house while you are trying to bath the kids, but you have to ask yourself this question, if you want a no hassle listing then why are you employing a realtor at all? essentially you are taking the hassle away from them and the value away from you! a good realtor can make it painless for you and still get the job done right.

My clients get the benefit of my experience, a free staging service and also can sleep at night knowing there are no pictures of themselves asleep on the couch in MLS.

I rest my case!

As always feel free to contact me with any of your real estate questions or concerns!

Chris Spalding - Realtor