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Realty Network Group Blog

Thursday, November 15, 2018   /   by Bret Johnson

We’re Thankful for Your Support

Thanksgiving is right around the corner, so we wanted to share a few of the things that we’re thankful for this year. We also wanted to give you an update on our upcoming pie giveaway.

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As you can see, our team is here today to give a special thank you for all of your support. This is the time of year where we like to reflect on all the success we’ve had and what we’re truly thankful for. A few members of our team wanted to share what they were thankful for this year, and we also wanted to let you know about our upcoming pie giveaway. We’ll be delivering apple and pumpkin pies to all of our past clients and friends this week and we can’t wait to see you. To see our full Thanksgiving message, watch this short video.

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Monday, November 5, 2018   /   by Bret Johnson

How Mortgage Rates Are Affecting the Market

The average mortgage rate is at a seven-year high. Is this what’s behind the shift we’re seeing in the market?

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Today I’d like to address what the recent shifts in the mortgage rates mean to real estate. I’m hearing questions about this a lot from clients new and old about how this should affect their decisions moving forward.

The average 30-year fixed mortgage rate for someone putting down 20% with a 720 FICO score currently stands at around 5.25%. That's near a seven-year high, and almost 0.1% higher than just a year ago.

What impact is this having on the real estate market? It's certainly true that affordability is down. In fact, one estimate from June found that home affordability is at a 10-year low. This is translating into fewer home sales, fewer viewings, and fewer mortgage applications.

However, I don't believe that the shifts in the ...

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Tuesday, October 9, 2018   /   by Bret Johnson

4 Repairs You Must Make Before Selling

Before you list your home on the market, there are certain areas of your home that you need to focus on first.

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Here are four areas of your home that you need to make sure are taken care of before you list so that you can maximize your sale price:

1. Make sure your home’s exterior shines. The last thing you want is a buyer looking online, let alone driving up to your neighborhood, and deciding they don’t even want to see the inside of the home because the curb appeal is so poor. Landscaping is a good idea, as is exterior paint. Even a quick cleanup around the outside of your home will help buyers get excited to walk through it.

2. Check your air conditioning. This is a critical feature, especially in Arizona. If the air isn’t on or working properly, buyers will get turned off. Make sure your filters are clean and your ducts are clear of dust and debris. ...

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Tuesday, September 25, 2018   /   by Bret Johnson

6 Listing Mistakes All Sellers Should Avoid

When it comes time to list, sellers should be sure to avoid these six key mistakes.

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As Realtors, we truly want our clients to succeed. This is why when we see sellers making critical mistakes, we cringe. But which seller mistakes are the most egregious? Let’s take a look at the top six today.

1. Having a smelly home. Homeowners can become "nose blind" to the odors throughout their property, but buyers are sure to notice if they’re hit with the smell of a litter box upon entering the home. Getting an outside opinion before letting buyers in for showings and being willing to make changes, if necessary, could make a world of difference.
2. Giving your home too much personality. Buyers want to be able to imagine themselves living in your property, and letting your home be a neutral, clean slate during showings is the best way to help them do so. Therefore, painting ...

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Tuesday, September 11, 2018   /   by Bret Johnson

The Truth About 3 Common Down Payment Myths

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There is a lot of false information out there regarding the real estate process, and the subject of down payments seems to be particularly misunderstood. And this is exactly why I’d like to share and debunk three common down payment myths for you today. 

1. You need to put 20% down. Actually, there are many different lending options available right now. Depending on your circumstances, you could secure a mortgage for little to no money down. The best way to determine what you’re eligible for is to speak to an experienced local lender about these options.

2. Financed offers will never beat cash offers. Assuming your lender has been able to get you fully underwritten and pre-approved, this is not the case. Buyers using financing may still stand a strong chance against cash buyers, so long as they’re sufficiently qualified. Another strategy for beating ou ...

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