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Becky Trujillo | Blog

Thursday, August 11, 2022   /   by Becky Trujillo

Phoenix Metro Residential Real Estate - August

Seller-Paid Closing Cost Assistance Coming Back
This Price Point is Declining the Fastest in Greater Phoenix

For Buyers:
Good news for buyers, the number of closings with seller-paid closing costs rose 27% in July compared to June equating to 7% of all closings for the month. That may not sound like much, but that’s the highest it’s been since March 2021. Prior to 2020, the established baseline for seller-paid closing cost assistance averaged 25-28% of MLS sales and over the past 15 months the average has been just 3-4.5%. The increase is expected to continue as large cash-based investors have pulled back their acquisitions, leaving many sellers to cater to normal buyers once again. For most of 2021 and the first part of 2022, buyers had very little time to decide on a property before it went under contract. Last May, half of all homes that went under contract were on the market for only 7 days or less. This month homes are on the market a median of 21 days prior to C ...

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  first time home buyer, buying a house in az

Thursday, August 11, 2022   /   by Becky Trujillo

How to ask for Help

How To Ask For Help
 
Many people struggle with asking for help. But it’s unrealistic to think any one person will know how to do everything. We have no qualms about asking for experts to help with leaky pipes or car maintenance, after all—why should it be any different if you feel depressed, or you’re stumped on a work project?

Here are a few tips to keep in mind when you realize you need a little help but you’re still feeling uncomfortable asking for it.
 
Figure out what you need help with.
Be as specific as possible. You might be frustrated and just thinking, “I can’t figure this stupid project out”—but your helper will need to know exactly what the hurdle is if they’re to be of any use. Think about a piece of information, for instance, that might unlock a clear path to completion, and then seek out someone who can help provide that information.
 
Skip “sorry.”
When you apologize first, it. ...

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Thursday, August 11, 2022   /   by Becky Trujillo

Are mortgage rates finally stabilizing

Are mortgage rates finally stabilizing?
If you are reading this, chances are you have seen the roller coaster ride that mortgage rates and home prices have been on the past 2.5 years. In recent months we have seen mortgage rates tick up from the all-time lows of 2020 and 2021. What does this mean for the future? Experts believe we may be at the top of the mortgage rate trajectory and will soon be seeing stabilization. Although interest rates and home prices are higher than they were a year or two ago, this does not mean it is a bad time to buy. We are beginning to see homes sitting on market longer which is positive aspect for buyers. Along with longer time on market, we are also beginning to see things like seller concessions, sales price negotiations, seller covered repairs, etc. back in play. The negotiating power is going back to the buyers which indicates now may be a great time to buy.
Call or email to learn more information about what's going on in todays market. 
Alex ...

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Friday, July 29, 2022   /   by Becky Trujillo

Things to Do in August

*Apache Junction, AZ Events:
https://www.apachejunctionaz.gov/193/Special-Events
 
*Mesa AZ,
https://www.visitmesa.com/events/
 

Downtown Mesa Farmers Market:
https://www.visitmesa.com/events/downtown-mesa-farmers-market-2/
 
Windmill Winery – Summer music wine tasting
https://www.thewindmillwinery.com/wine-tasting-room
 

Indoor Beer Festival:
https://bellbankpark.com/events/real-wild-and-woody-beer-fest/
 
Mirage Summer Music Series
https://www.mesaartscenter.com/index.php/shows/performing-live/califone
 

Buddy Holly Tribute Concert:
https://www.haletheatrearizona.com/Online/default.asp?BOparam::WScontent::loadArticle::permalink=buddyholly22&BOparam::WScontent::loadArticle::context_id=
 
*Phoenix, AZ
https://www.visitphoenix.com/events/annual-events/summer/
 
 
*Queen Creek, AZ Events:
https://queencreekchamber.com/events-calendar/
 
  
*Scottsdale, AZ Events:
https://www.expe; ...

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  things to do, things to do in august

Wednesday, July 13, 2022   /   by Becky Trujillo

Phoenix Metro Residential Real Estate - July

Seller Market is Officially Over!
Here’s What to Expect...
 
How Some Sellers Are Winning Against Interest Rates:
 
For Buyers:
Welcome to a balanced market*, how quickly the tables have turned! While seller markets are ideal for the not-so perfect home, balanced markets are ideal for the not-so-perfect buyer. This means that buyers who have been recently rejected due to lower down payments, non-conventional financing, or need for closing cost assistance will find sellers are now willing to work with them in this new environment. Supply across all price points is up, with 53% of active listings added by new home developers and investors. Builders especially are dropping prices and offering unique buyer incentives to compete. Experts don’t know how long this period will last as it depends on what interest rates do over the next few months, but home buying just became fun again.
 
For Sellers:
The proverbial “Dump Your Junk” season is ov; ...

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