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4 Qualities To Look For In A Real Estate Agent

When looking to buy or sell a home you’ve likely done a fair amount of research already. You’ve maybe selected the neighborhood you’d like to live in and come to know something of a price range you can expect to pay. If you’re selling, you’ve likely looked into how to tee yourself up for the biggest success possible.

However, have you done your research when it comes to selecting the real estate agent you’d like to choose? Below, The Fay Group goes over a few qualities to look for in a real estate expert before making your decision.

1.) Focus on Expertise

You want to make sure that you choose a real estate agent that has the most experience in the field as well as the market in which you plan to make your purchase or sale. 

Make sure to consider the following:

  • Best knowledge of the local market.
  • Experience with buyers most like you
  • Track record of success

Always try to take into account such key performance indicators as the number of closings per year, the average number of days a property stays on the market during the real estate agent’s oversight, as well as the average price of the homes bought and sold.

2.) Client Reviews

Checking out what previous clients have to say about the real estate agent in question is of paramount importance. However, don’t get discouraged if a real estate agent has a negative review — nobody is perfect. You do want to pay attention to how the agent in question handles adversity. If the agent does everything in their power to rectify the situation, this should be taken into consideration.

Real estate agents with excellent customer reviews generally go above and beyond the call of duty for their clients. Real estate agents with a poor overall score should be taken out of consideration.

3.) Connections

Choosing an agent with excellent connections in the real estate industry will always serve you well. These are all resources that will ultimately be used for your benefit. A great real estate agent will have close relationships with contractors, appraisers, banks, plumbers, and all the other types of personnel who are pivotal in making your homeownership dreams come true.

4.) Person-to-Person Skills

Once you’ve narrowed down your list, go ahead and start making some phone calls. Choose a real estate agent who is responsive and approachable. A successful real estate agent will generally have good overall people skills, making the experience less stressful throughout. 

Looking for the right realtor and having some trouble making a decision? I can help!

I have been a successful realtor for over 12 years. As part of The Sibbach Team, we pride ourselves on being a market leader. We are constantly learning and expanding our education through extensive and ongoing training, field research, and client feedback. Whenever you’re ready for a superior client experience, give me a call at 602-329-7782. Get in touch with the Sibbach Team today to enlist the assistance of a Top 1% realtor in the Phoenix Metro area. We look forward to helping you achieve your real estate goals.

What is Earnest Money and How Much Can I Expect to Pay?

Purchasing your first home is an exciting time where there are many new decisions to be made. There are also more than likely going to be more than a few terms that get thrown at you that you might not fully understand at first. 

That’s why The Sibbach Team is here — to provide information that will help put you in the very best position to make a successful first purchase.

You might be familiar with terms like escrow and closing costs, but maybe the term Earnest Money slips from your grasp. That’s okay! Once you get past the unfamiliarity of it, earnest money is quite an easy concept to understand. Just read on and you will have all the answers you need.

What is Earnest Money?

Earnest money is often called a good faith deposit — this is the money that you’re going to end up putting down if you get a home under contract. First off, congratulations! Now it’s time to let the seller know that you’re serious about seeing this deal through to its closing. 

If a seller accepts your offer to purchase a home, they will end up taking their listing off the market in the name of this transaction being completed as discussed and agreed upon. 

How does the buyer know you’re not going to back out of the purchase? This is where earnest money comes in. When a buyer has an earnest money deposit that they put on the line, it’s going to be far less likely to cancel the purchase on some sort of whim. 

Is Earnest Money Mandatory?

Earnest money is not a legal requirement, but it does happen to be a widely accepted industry standard. Look at it this way: earnest money might not be required, but, if you want a seller to accept your offer, it’s going to significantly help your case.

How Much Will I Pay?

Earnest money might be different depending on the state you plan to make your purchase. In the case of the great state of Arizona, for instance, residential resale real estate currently has an earnest money amount equivalent that sits right around 1% of the price offered for the home.

Let’s say the home is selling for $1 million. The earnest money that a buyer would pay would likely be around $10,000. 

Please keep in mind that the exact amount usually depends on certain market conditions as well as competition for the home in question. 

If you’re buying in what is considered a seller’s market, for instance, the earnest money you end up paying might fall closer to around 3%. For a home that has sat on the market for a good long while, the seller is more likely to accept earnest money landing on the lower end of the spectrum.

Contact Elise Fay Today!

It’s okay if you have questions, because I have all the answers during your time of need.

I have worked tirelessly as a successful realtor in the Phoenix Metropolitan area for over 12 years. As part of The Sibbach Team, I’m excited to be working in tandem with a market leader delivering top 1% results for my clients. 

Whenever you’re ready for a super-agent, give me a call at 602-329-7782. I’m here to help you achieve all of your real estate objectives.

I look forward to helping you on your home buying or selling journey.

-Elise

5 Tips For Running A Stellar Airbnb

5 Tips for Running a Stellar Airbnb

If you’re a property owner you’ve likely considered renting any extra space you have as an Airbnb. Airbnb is an increasingly popular resource for both travelers and those who are relocating to a new town or city to get settled without having to pay the sky-high rates that would normally come along with other living accommodations like motels and hotels.

Below, The Fay Group goes over a few ways to make your Airbnb rental stand out among the rest of your competition in the area.

1.) Create an Attractive Listing

It’s tremendously important to put your best foot forward when presenting your rental space to a potential guest. First, make sure that you can eloquently describe all of the amenities you have to offer.

Highlight certain essential features (if applicable) such as:

  • Air conditioning/Heat
  • Kitchen accommodations
  • Security
  • Smart technology
  • Upgrades to property
  • Washer/dryer
  • Wifi

Make sure to take plenty of photos that both present your property in an attractive light while also being as transparent and honest as possible. You do not want to promise a certain experience that you might not be able to deliver. This will help create a good relationship with your guests and set you and the tenant up for success.

2.) Think About the Extras

If there is anything extra you can provide to your guests, this would help set your property apart from others. If you have a fully-stocked kitchen that is available for use, make sure to provide this information and highlight it upfront. Guests appreciate the little things, like snacks in the kitchen and toiletries in the bathroom.

Some extras that you may want to include:

  • Books/magazines
  • Fresh Flowers
  • Local treats
  • Books/Magazines
  • Netflix
  • Welcome basket

Although you are not obligated in any way to provide such extras, people will remember and mention this sort of thing when they leave you a review.

3.) Create a Clean and Welcoming Space

Since renting your space on Airbnb is a business endeavor, it’s tempting to try to maximize your return on investment. However, by investing resources into your property, you can make your guests feel more at home. Pay attention to things like interior decoration.

While you probably don’t want to cram your space with family heirlooms and valuables, it’s a good idea to have items like:

  • Artwork
  • Bedding
  • Plenty of towels
  • Lamps

…not to mention a variety of cleaning products for your use and the guest’s use.

Take extra time to make sure your space is immaculately clean. Anything less and you can end up getting a poor review, which will hurt your chances of attracting new guests. If you have a guest that signs up for a longer stay, it’s a good idea to clean the space once a week.

4.) Be a Good Source of Information

One great way to set yourself apart on Airbnb is to provide valuable information to your guests about your region and local attractions within your community.

Some local attractions that may be worth mentioning include:

  • Concerts
  • Festivals
  • Community amenities
  • Museums
  • Sports
  • Tours

If your guests ask you a question or for more information, try to be as responsive and helpful as possible. You want to make sure that your guest has an amazing experience, that they will remember and talk about.

5.) Set a Fair and Reasonable Rate

Take a good look at similar properties in your area and how much they charge for a night, a week, and even a month. One way for you to increase your number of bookings every month is to provide your rental at a lower rate than the competition. Of course, you don’t want to sell yourself short by any means, but if you can bring your price down $10-$20 for a night and/or $100 or more for a month, you’re likely going to attract more guests.

If you have any questions about maximizing your Airbnb experience and earnings in Maricopa County, AZ, or if you’re looking to buy a property to list on Airbnb, contact The Fay Group today.

We have a long and proven track record of success and we will help make sure that your real estate dreams become a reality.

Lovingly Cared For Glendale Home

Welcome to your new home. This home has been lovingly cared for-for many years-it just needs a little bit of love. The home has newer dual pane windows, newer sliding door. AC unit just a few years old and appliances have also been updated. Lots of great storage, inside laundry room, 2 beds, 2 baths with lots of living/family room space. Oversized 2 car carport and RV Gate. The yard is spacious with an extended covered patio and a storage shed. This home has so much potential, don’t miss out on this one as it will go quickly.

6433 W SUNNYSLOPE Lane, Glendale, AZ 85302

CLICK HERE for additional information and photos.

Call or text me today to schedule your private showing! 602-329-7782

Featured Home in Mesa

This stunning Blandford home in Reserve at Mountain Bridge is sure to exceed all of your expectations. This home has all of its bedrooms en suite. As you walk thru the gated courtyard entry you are met with grandeur. The curved ceilings are detailed in custom wood trim. The Interior courtyard is lush and tropical with above-ground heated spa and wired for movie nights. Lots of tile throughout showcases the open feel and flow of the home. A large formal living area leads to the spectacular gourmet kitchen. A Viking 6 burner gas stove, SubZero fridge, and walk-in pantry are just supporting cast to the grandeur of the kitchen island, perfect for dining or serving. Don’t miss the gorgeous backyard with a fabulous heated saltwater pool, plus beautiful views of Usery Park and the Superstition Mountains.

2341 N 87TH Place, Mesa, AZ 85207

CLICK HERE for additional information and photos.

Call or text me today to schedule your private showing! 602-329-7782

mesa home for sale

Featured Home in Sun City

Sun City home for sale
Fantastic opportunity to own this picture-perfect home in Sun City, gorgeous Golf Course views. The rear yard is an entertainer’s dream with built-in BBQ and outdoor kitchen. The extended covered patio provides lots of shade and a great space for lounging poolside! This 2 bed, 2 bath home has plenty of living space with Formal LR/DR and a Game Room which opens up to the front courtyard. 2 car garage, full-sized laundry room and so much more. Check out this house today.

CLICK HERE for additional information and photos. 

Call or text me today to schedule your private showing! 602-329-7782

Featured Home in Stetson Hills

phoenix home for sale

Absolutely stunning remodel of this fabulous single level home in Stetson Hills. Oversized lot with beautiful views. New tiled flooring throughout with carpeting in bedrooms. The gourmet kitchen has stunning cabinetry, new appliances, double ovens, cooktop, and on-trend quartz counters. All baths have updated quartz and flooring. Perfect OFFICE Spa for the new work at home lifestyle. New redesigned stacked stone fireplace in the family room with new custom cabinets and shelving. The rear yard has all new low maintenance landscaping, synthetic grass, extended covered patio, all new landscape lighting which highlights the gorgeous pebble tec pool and water feature.

CLICK HERE for additional information and photos. 

Call or text me today to schedule your private showing! 602-329-7782

Featured Home in Sonoran Foothills

Gorgeous home with tons of on-trend features and breathtaking mountain views! The gourmet eat-in kitchen incorporates soft-close OakCraft cabinetry, lazy Susan, granite counters, glass tile backsplash, large island with breakfast bar, GE Monogram stainless appliances, gas cooktop, and double wall ovens. Other features include 12×24 ceramic tile flooring, wood-look laminate flooring, open great room with patio exit, spacious upstairs loft, 2 car garage, gas hot water heater, and a covered back patio with pavers and faux grass. The master suite incorporates a private balcony with mountain views, walk-in closet with built-ins, and a luxurious bathroom with dual sinks, granite counters, and a large walk-in shower with dual heads and a seating bench. Take advantage of the excellent community features including secure gated entry, multiple gas grills, green grass lawns, several seating areas, and a sparkling heated spa and pool for year-round entertainment!

CLICK HERE for additional information and photos. 

Call or text me today to schedule your private showing! 602-329-7782

Easy Offer on Your Home

home offersWould you like an offer on your home while skipping the headaches and hassles of selling traditionally? There’s a record amount of capital looking for a place to rest. Companies are ready to make a very competitive offer on your home. They buy it, turn it around, and sell 30-90 days to the public for a tiny profit. You get convenience and speed in return!

Close quickly, get equity from your home in as little as 7 days
Multiple competitive offers – fast
You pick your closing date
No showings or open houses
No negotiating with buyers
Skip the cost, time and (in some cases) embarrassment of getting your home market ready
Freedom to move on your timeline
No strangers and REALTORS® walking through your home
No risk of two mortgage payments

I know companies who will buy your home directly at a fair competitive price. I will negotiate all offers for you so you get the best price and terms.  These buyers not “sharks” who buy your home for 50% of it’s value. You will get a real listing valuation and solid offers within 24 hours of me viewing your home. I’ll help you break down your options in a side by side comparison to see which works best for you.

Contact me to price your home, get photos taken, and submit it to the companies who will buy it from you! 602-329-7782

If the First Offer the Best Offer?

phoenix real estateHave you ever sold a house before? Are you going through the process of selling your house right now? Whether you’ve been through it before or this is your first time dealing with the ups and downs of home selling, you probably fully understand the temptation to take the first offer you get on your home. You may have even heard the myth that the first offer is always the best offer you’re going to get. But how true is this? Should you wait around for a better offer to come along?

If the offer comes right away…
Then it may not be the best offer. If you get an offer on your home within 24 hours of listing it for sale with your realtor, that offer may come from someone who is trying to see how low you’re willing to go on the property. On the other hand, it might come from a potential buyer who has been shopping around for a long time. That buyer’s agent may have shown them your home knowing it’s perfect for what they’re looking for. And if this is the case, you may get a great offer. If you get an offer at or very near your asking price right away, chance are you probably won’t get something higher later on.

If the offer comes delayed…
Then it probably is the best offer you’re going to get. If your home is priced above the usual asking price for properties in your neighborhood, most buyers are probably passing on making any offer at all, thinking you won’t accept what they may be willing to pay. After a while, a serious buyer may come along and put in an offer after watching the market in your area for a few weeks. If this happens, you’re probably not going to get a better offer at your current asking price, so it’s probably a good idea to go ahead and take that offer.

So is the first offer the best offer?
Most of the time, yes. Of course, it is your choice to wait and see if you get something better, especially if the offers you’re getting are coming in significantly under your asking price. However, you may end regretting for not taking one of those initial offers, especially if your house stays on the market for weeks and even months to come. Don’t settle for a price you know is far below the value of your home, but don’t be afraid to take that first offer, either.

As an experienced real estate agent, I will advise you on how to get the most dollar for your home and develop an effective marketing strategy. Call me today to learn more how I can help you get top dollar when selling your home! 602-329-7782

Letting Go of Your Home

HouseFor many people, selling their home is an emotional process. Many people have lived in their homes for years creating memories. Others may be facing unwanted, yet necessary moves. Even sellers preparing for a voluntary and desired move are likely to face some feelings of attachment that can threaten to interfere with the sale process. Despite the difficulty, emotionally detaching yourself from your property before listing it is the first step in ensuring a smooth sale.

I’ve compiled some tips to help you “let go” of your home:

If the move is necessary, but unwanted then be honest with your agent, we are accustomed to working with sellers in all sorts of different and difficult situations. Being upfront with your agent about potential problems will enable him or her to act in your best interest.

Use the assistance of a professional stager. I have a stager on my team that will help you remove your personal items and neutralize the home so that buyers will view it as a blank slate. This can help accelerate your process of moving on and seeing your home for what it is when it is for sale. When you are preparing to pack your belongings, take photos of your favorite spots in your home to preserve memories.

Leave the property when buyers come to look at your home and allow your agent to handle the showings. Lingering sellers can cause potential buyers to feel uncomfortable and may interfere with their perception of the property, and observing any negative reactions that buyers may have will only make the process of letting go more difficult.

Focus on your next step and new opportunities that selling your current home will provide you. Even if moving is not your preference at the time, focusing on the highlights of your new neighborhood will start the excitement about the transition.

Are ready to get your home SOLD? Give me a call at 602-329-7782.