Oro Valley Real Estate. Search Oro Valley Real Estate and Oro Valley Homes for Sale in Oro Valley AZ. Oro Valley AZ Real Estate, Ian Taylor, Long Realty. Oro Valley Realtor and Real Estate Agent Ian Taylor, Long Realty has Sold Over 750 Homes and Is Here To Help.
Search Oro Valley Subdivisions, Communities, Neighborhoods, Homes with Pools, Homes with Community Pools, Gated Homes, Golf Course Homes, Active Adult and Retirement Homes, New Homes, New Listings, Townhomes and Condos, Horse Property, Homes on 1 Acre or More, Foreclosures and Short Sales.
In the Oro Valley Real Estate area, March 2019 active inventory was 294, an 8% increase from March 2018. There were 97 closings in March 2019, a 14% increase from March 2018. Year-to-date 2019 there were 205 closings, a 5% decrease from year-to-date 2018. Months of Inventory was 3.0, down from 3.2 in March 2018. The Oro Valley area had 106 new properties under contract in March 2019, down 1% from March 2018.
Oro Valley Real Estate Average Price $317,500 Up 11% from the Previous Year. Sellers Market Up to $350,000, Balanced Market $350,000 to $600,000, Buyers Market Over $600,000. Long Realty Market Share in Oro Valley 37.7%.
Oro Valley Real Estate - How To Simply Increase Your Family Wealth By Pay
Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth.
Every month that you pay your mortgage, you are paying off a portion of the debt that you took on to purchase your home. Therefore, you own a little bit more of your home every month in the form of home equity. As your home’s value increases you also gain home equity.
Every quarter, Pulsenomics surveys a nationwide panel of over 100 economists, real estate experts, and investment and market strategists and asks them to project how residential home prices will appreciate over the next five years for their Home Price Expectation Survey (HPES).
The latest data from their Q4 2018 Survey revealed that home prices are expected to round out the year 5.8% higher than they were in January. For the next 5 years, home values will appreciate by an average of nearly 3% a year.
This is still great news for homeowners!
For example, let’s assume a young couple purchases and closes on a $250,000 home in January. Simply through their home appreciating in value, those homeowners can build their home equity by nearly $40,000 over the next five years.
Oro Valley Real Estate - A Marketing Plan to Bring Buyers to Your Door
Preparing your home for sale Quality photography Prominent yard signage Custom HomeBook Pre-marketing to other Long Realty agents on our private Facebook group Just listed announcements Notify other Realtors® Reach out to my Sphere of Influence Company and community Home Tours Social media Promotion of open houses on LongRealty.com, Long Realty mobile app/neighborhood invites Printed property flyer Ongoing communication for follow-up showings Print advertising I'll further customize marketing for you, ensuring you get top dollar in the shortest amount of time with the least amount of stress.
Oro Valley Real Estate - Marketing Your Home Even Before the Sign Goes Up
While we are getting your listing ready to hit the market, I can promote your coming soon listing on our Long Realty private and exclusive Facebook group page. This will reach all the Long Realty agents that may have buyers looking for a home like yours. Also on My Own Facebook Business Page https://www.facebook.com/orovalleyrealestateandhomesforsale/
When showing your property, you only get one chance to make a good impression. Here are some suggestions to increase the desirability of your property to potential buyers, and help you sell at the best price, in the least amount of time. Curb Appeal Is Essential - A buyer’s first impression is formed by viewing the outside of your property. Trim plants and trees, weed your front back and side yards, use leaf blowers to remove leaves, pods, plant debris. Inspect the exterior of your property, including shutters and windows. Steel or aluminum siding should be clean. If the house needs painting, buyers will notice, and may consider it a major objection to purchasing your property. Pay close attention to the front door – it should sparkle. Polish the doorknob, clean the glass and replace worn screens. Neatness Counts – A sparkling clean home greatly enhances its appeal to buyers. Scrub each room from top to bottom covering every nook and cranny. The entryway, kitchen and bathrooms are key areas, and should be given special attention. Shampoo the carpeting if it hasn’t been done recently. If your carpet is old or matted it will be a detriment to selling the property. Consider replacing it or removing it if there is hardwood underneath. Eliminate Clutter – Closets, cupboards and other storage areas should be neat and uncluttered. Box everything you do not use regularly and donate it, sell it, throw it away or store it. Look at each room in the house with “less is best” as your objective. Remove unneeded furniture to make each room appear more spacious. Kitchen counter-tops should be clear of everything except what you use daily. If it’s Broken, Fix it – Repairs such as loose door knob, broken dishwasher, dripping faucet and squeaky or sticking doors all detract from a property’s value. An afternoon spent making needed repairs now can eliminate buyers’ objections later. Hire a professional, if needed. Small Additions Make a Big Impression – With minimal expense, you can improve the appearance of any room. Consider replacing worn area rugs and throw pillows. New towels can freshen a tired kitchen or bath. Flowers add warmth and charm to any location. Identify the things you can do to make areas more pleasing to a buyer. It’s a Team Effort – Enlist the help of all household members to get the house ready – and keep it ready – for prospective buyers. A few minutes spent tidying up each morning can make the difference for a showing in the afternoon!
Oro Valley Real Estate - Benefits of being a homeowner
Making mortgage payments is like having a savings account that accumulates savings (equity) for the homeowner, not the landlord.
Buying a home is considered to be a wise investment by many because real estate generally increases in value over time.
Mortgage interest and property taxes may be tax deductible. (check with a tax advisor)
Personal satisfaction of having a home you can call your own to share and enjoy with family and friends.
As an example, let's look at the purchase of a $200,000 house putting 20% down ($40,000). . At an appreciation rate of 5% annually, a $200,000 home would increase in value $10,000 the . first year. That means the homeowner earned $10,000 in one year with just a $40,000 investment. In fancier investment terms, that makes the ROI (Return on Investment) 25% the first year! What stock or money fund has produced that kind of ROI in the last few years? Added to the appreciation value are the tax deductions that may be allowed. Let's assume the mortgage interest and property taxes on the $200,000 home are $15,000 in one year. That means the homeowner's taxable income may be reduced by $15,000 (check with a tax advisor).
For the overall real estate market in Oro Valley, Tucson and Southern Arizona, the Seller’s Market conditions continue. The inventory of homes for sale continued to decline in 2018, while sales increased further. The shortage of listings has not been a drag on home sales, however, it has contributed to a 7% increase in median price. This has created a very competitive environment, especially at lower price points. At the higher end of the market, there is still an oversupply of homes. We expect continued strength in the real estate market in 2019. Market Report
When buying a home, you will want to order a home inspection soon after your purchase offer has been accepted. Many real estate contracts allow a limited number of days to complete a home inspection (and then to request repairs, or cancel the contract if needed).
Inspect the inspector. All home inspectors should be formally trained/certified to perform a home inspection by an organization such as the National Institute of Building Inspectors (NIBI®)*, thus ensuring their knowledge of the home inspection and home buying process. Choose a home inspector who has earned credentials for competence and professionalism.
Make sure the inspector you select has access to on-going technical support and offers you post-inspection advice if needed. There is no one background that fully trains an individual for all the different conditions that may exist in a home. And even in areas where licensing exists, many programs fall short. Regardless of their technical background or licensing, choose an inspector who has access to other inspectors and who is affiliated with a larger organization. Also, make sure that the inspector you choose will be available in the future to answer any questions that may arise. The support your inspector offers can translate into better information and a higher level of service.
If the home is vacant, confirm that the seller will have all utilities on during the home inspection. Failure to do so may require a second trip to the home when the utilities are on, and you will incur additional fees. To properly evaluate a home, a professional inspector must be able to operate the systems, and in order to do this, the utilities must be turned on.
Accompany the inspector during the home inspection. This is your opportunity to gain knowledge of major systems, appliances, fixtures, learn maintenance tips, better understand the items that will be outlined in the written report, and ask questions of the inspector.
If your inspector recommends a further evaluation, please have a specialist in that area conduct a more extensive examination PRIOR to closing. In some cases, an element of your home may need an additional, more detailed, evaluation to correctly determine its condition. Your inspector will note for you when a specialist is needed.
Be sure you understand all conditions identified in the inspection report and that all areas of concern have been resolved to your satisfaction before closing. Your inspection report is useful to prepare you for your final walk-through of your new home. Make sure that you understand all of the items noted by your inspector.
Insist on a final walk-through. Prior to the close of escrow, insist on a final walk-through to verify that repairs have been made and that no new problems have surfaced since the home inspection, particularly in the areas where furnishings and storage may have previously obstructed the defect.
MY WEBSITE: www.OroValleyRealEstate.com Over 60,000 properties to search from in Arizona. Full property details, photos and neighborhood information. MY MOBILE WEBSITE: m.OroValleyRealEstate.com Search for properties right on your web enabled mobile device. MY MOBILE APP: www.LongRealtyApp.com/IanTaylor Scan the neighborhood for homes using a live camera view. MYPROPERTYALERTS: Receive email notifications when listings are found that match your criteria and on saved properties and searches. Updates can be sent as fast as hourly - be the first to know! New listings, Price Changes, Status Changes, Open Houses, Pending Sales, Sold Properties.
My tools can make it easier and quicker to find the property you are looking for.
Selling your home on your own may be harder than you think! Here are some points to consider:
You may place the security of your home and yourself at risk. Ads and “For Sale by Owner” signs tend to invite just anyone to inspect your house. You have very little control and no opportunity to pre-screen potential buyers.
You may not know the marketplace well enough to establish the best price for your home. If it is too high, you may lose buyers. If you ask too little, you stand to lose a great deal of money.
Coordination of arrangements and the paperwork involved with a home sale requires many hours, especially if you are not well versed in real estate and the law. You also stand a chance of making costly mistakes.
Along with print advertising opportunities, we attract buyers through the Multiple Listing Service, LongRealty.com and multiple website platforms and through numerous referral opportunities.
Without good advertising and professional help, your home may be on the market for too long to get top dollar. That makes it harder to sell even if you do ultimately decide to list it with a Realtor. People may think it hasn’t sold because there is a problem.
Buyers often need assistance with financing. That’s a job best left to a trained professional.
Unless you are skilled in the art of compromise, you may not be able to effectively close your sale. The “give and take” aspects of the sale of a home must be skillfully negotiated before a transaction is successfully completed.
Believe it or not, buyers don’t like to deal directly with home sellers. They aren’t comfortable asking questions or pointing out discrepancies since insult or confrontation may result. Dealing with a REALTOR® gives them confidence and reassurance
FSBOs typically sell for less than the selling price of other homes; at a median of $190,000 last year and significantly lower than the median of agent-assisted homes at $250,000. Thus, the typical agent-assisted home sale has a 32% higher sales price than the typical FSBO sale.
This highly upgraded home has a greenbelt behind the home to enjoy views from the large L-shaped pool. Upgrades in the kitchen include a fossil-tile backsplash, black granite counters and black appliances with honey-shaded cabinetry. The family room centers on the gas fireplace with an upgraded bench hearth. The master suite also has views across the pool. The master bath has a serene oval tub, a glassed-in shower, walk-in closet with built-ins. Three additional bedrooms are included on the other side of the home, along with a full bath, providing privacy for the master suite. The home's flooring is 20" porcelain tiles in the main areas and carpeting in the bedrooms. The interiors have just been professionally repainted. Spectacular!
Completely updated home located in the heart of Oro Valley! 5BD/3BA/3 car garage (3,771sqft) home with pool/spa. Too many updates to mention. Updated chef's kitchen with new quartz counters, new SS appliances and cabinets. New paint throughout and beautiful new wood-look tile floors in common areas & new carpet in all bedrooms. All bathrooms completely updated. Plantation shutters throughout. Formal Living/Dining area. Spacious master suite with his/hers walk-in closets. Fully updated Luxurious bath features dual vanities, freestanding tub & separate shower. Backyard Outdoor living at its finest. Extended covered patio/deck & sparkling pool with spa. Large yard with fire pit & grass area. This home has recently been completely updated throughout & is perfect for the most discerning buyer.
Oro Valley Real Estate - Looking at New Construction
It’s important that I am with you on the first visit to any builders site. Why? Builders have a rule – If you walk into a model home without your agent, the builders agent will register you and I will be unable to represent you throughout the process. Remember, the site agent will be working for the builder’s interests. I will look out for your best interests from the time you enter the model until the time you close on your new home. I will help you understand the terms and conditions of the builder’s contract. These contracts heavily favor the builder and are usually lengthy and complicated. I will help you sort through the negotiations, financing options, and incentives in order to get the best terms and conditions for your purchase. I have expertise to guide you in upgrade selections or custom changes that you would like to make during the build, and make sure you are aware of the cost. I will communicate with you and the builder representative throughout the process, and will do my best to ensure a surprise-free transaction. If your contract permits this due diligence, I will explain the benefits of a home inspection performed by an independent inspector. I’ll also accompany you on your walk-through, when you create your “Punch List” of items the builder will need to address within 30 days.
Oro Valley Real Estate - Benefits of Working with Ian Taylor
Buying a property is a complicated process. By hiring me exclusively, you will have a dedicated, trusted advisor at your side to help you navigate the home buying process. Here is what I bring to the table:
I am a dedicated agent who listens to understand your needs.
I will help you navigate your financing options.
I will search for the right property using powerful search tools that no other company has.
I have a deep understanding of the local housing market conditions and property values. I’ll help you prepare the right offer and negotiate the best terms possible.
I manage the transaction process to ensure a timely closing, and help you meet important milestones, per your contract, including coordinating paperwork and due diligence on the property.
I will connect you with a full suite of real estate services, all under one roof ensuring a seamless experience
I provide recommendations of local vendors from the Long Realty Home Advantage program to help you with any home related needs.
Oro Valley Real Estate - Where Do The Buyers Come From?
WHERE THE BUYER FOUND THE HOME THEY PURCHASED
Real Estate Agent 33%
Yard Sign/Open House Sign 9%
Friend, Relative or Neighbor 6%
Home Builder 5%
Directly from the Seller/Knew the Seller 2%
Print/Newspaper Advertisement 1%
What does this mean to you?
Most buyers found the home they purchased through an agent or the Internet. That is why it is important to list your home with an agent and company that have these strengths.
Consider Ian Taylor, Long Realty Oro Valley
The Long Realty Network’s combination of a strong local & global approach is a proven formula that has helped hundreds of thousands of Arizonans sell and buy real estate. It is an important reason why Long Realty agents are so successful.
THE STRONGEST LOCAL COMPANY
Statewide Coverage. 1,200 sales associates and 36 office locations throughout Arizona.
Managed Locally. Based in Southern Arizona, managed and run by Arizonans. Founded in 1926 we’ve been serving the local community for over 90 years.
#1 in Luxury. Long Realty knows the luxury market and sells more Tucson luxury real estate than all other companies combined.
Giving Back to the Community. More than 3.0 million dollars in support has been donated through the Long Realty Cares Foundation to over 180 local, non-profit organizations since 2002.
Local Knowledge. Our monthly Housing Reports feature the latest real estate trends in your area and your Long Realty agent will help you understand current market information.
Leading Home Search Tools. Our website LongRealty.com and mobile app feature up-todate listings from all across the state.
One Stop Shopping. We create a convenient and stress free real estate experience through our affiliate companies Long Mortgage Company, Long Title Agency and Long Insurance Group.
UNMATCHED GLOBAL REACH
Long Realty Company, a Berkshire Hathaway affiliate. Long Realty Company has been owned by HomeServices of America, a Berkshire Hathaway affiliate, since 1999, giving us the strength, financial resources and national network to help with virtually any real estate related need. Anywhere.
Worldwide Real Estate Network. Long Realty Company is a member of Leading Real Estate Companies of the World, a collection of over 500 leading residential real estate firms, represented by 3,500 offices and 120,000 associates in over 50 countries worldwide.
International Luxury Connections. Long Realty is a member of Luxury Portfolio International, a leading luxury network featuring 200 affiliated companies around the world. Long Realty is also a member of the Who’s Who in Luxury Real Estate network, a group of more than 130,000 professionals in more than 85 countries collectively selling in excess of $250 billion of real estate annually.
International Website. LongRealty.com isn’t just a leading local website, it also reaches international home shoppers with traffic from over 7,000 cities in over 170 countries.
Experience in Global Relocation. Long Realty is the local member of Worldwide ERC, a workforce mobility association for professionals who oversee, manage, or support U.S. domestic and international employee transfer, with over 12,000 members.
We’ve all seen the trend in being a more earth-conscious consumer; from bringing your own reusable shopping bags to skipping the plastic straw with your drink at restaurants. At the end of the day, most of these trends are all about keeping stuff out of the local landfills. To help you get the most out of your blue bin, contact your local recycling management. While most tend to follow the same rules, the more you know, the more you can safely throw in the bin!
Recycling can be a great alternative to the landfill, but if you are throwing the wrong items into your blue bin it could do more harm than good. Things like plastic straws, plastic shopping bags, oily pizza boxes, or soggy paper can gum up the machines at the recycling plant and shut the entire process down until the machine can be cleared up.
Not only does recycling save things from spending a lifetime (or a few) in a landfill, it also saves energy! For most products, it is considerably more energy efficient to make it out of recycled materials than from raw materials. For example, the amount of energy saved from making one aluminum can out of recycled instead of raw materials can power a television for two to three hours.
Bottles, plastics containers (plastic types 1-7), glass containers, metal cans, cardboard, paper, junk mail, notebooks, and magazines can all be recycled. Just be sure that they are clean and dry. Leftover food gunk adds up to a mess in the machinery. Be sure to skip dirty or damp items, shredded paper, bubble wrap, Styrofoam, and plastic bags.
You can also recycle lids to containers if you put the lids back on the container. According to the city of Tucson, anything smaller than a tennis ball can fall through the machinery and cause trouble. So put the lids on bottles or throw them out. Also due to their size, prescription bottles and plastic coffee pods can’t be recycled.
Some things should just skip the blue bin all together. While you can recycle glass containers, glass bowls like crystal or Pyrex are a different story. Those are best donated if unbroken. Batteries, electronics, and light bulbs can all be recycled, just not in the blue bin. Plastic bags can be recycled at local stores or donated to local pet shelter to help clean up after dogs on their walks.
Homeownership is a financial commitment, pre and post purchase
Buying may make sense if you plan to stay in your home for at least five to seven years
The math behind renting vs. buying
Buying a home is a big financial investment – perhaps the biggest one you'll make in your life. Be sure to do your homework and carefully evaluate how you want to live and how much you can comfortably afford.
Homeownership can be very rewarding if you are properly prepared, know what to expect, and make informed financial decisions.
Is buying a home right for you? It may make sense if you:
Have reliable income, good credit, and documentation to verify your savings.
Can afford at least a 3% down payment and related closing costs.
Want a chance to build equity and be eligible for homeowner tax breaks and credits.
Have the time and money required for home maintenance and improvement projects.
Have an adequate cash reserve to withstand a loss of job, illness, or other financial setback.
Are planning on staying in your home for at least five years.
Rent vs. Buy: Crunching the Numbers
The costs of renting or buying are varied, making it hard to tell which makes better financial sense.
Sally and Darren want to know if it makes better financial sense to rent or buy given their current $1,400 rent payment. How much home can they buy knowing they can afford a $1,400 monthly mortgage payment and can make a 5% down payment?
* These inputs will result in a monthly mortgage payment around $1,400 when factoring in PMI
We've also put in other assumptions and costs for Sally and Darren, including: a 3% home appreciation rate, a $1,500 origination charge, $1,000 for settlement services, 3% for selling costs, a 33.8% state and federal tax rate, and a savings rate of zero.
With this scenario, Sally and Darren will save $92,216 by buying instead of renting over a seven year period. If they stay in their home for 15 years, they will save $273,558. Over 30 years, they’ll save $887,450.
Armed with this knowledge, Sally and Darren are better prepared to answer the rent vs. buy question
Homeownership is a long-term financial commitment
Comparing the financial differences between renting and buying is complex.
Long-term, Sally and Darren would benefit financially from homeownership
When you go to an open house, it's easy to get caught up in your own world. In fact, the seemingly innocuous chitchat you overhear can help you decide whether to follow through and make an offer—or run. The comments and criticisms you pick up on during an open house can contain nuggets of valuable financial and personal info you can put to use.
Here are some examples.
The owners are flexible on price
Translation: What [the agent] is really saying is that the home can and will be sold for under asking price. If you're serious about making an offer, use this nugget of info to your advantage. Take a closer look around the property with a critical eye. Do the kitchen appliances need updating? Is the backyard in dire need of landscaping? Now that you know the homeowner’s in a selling mood, you’re in a perfect position to submit a low bid. Any repairs and issues will give you leverage to negotiate.
What’s that smell in the house?
Translation: There might be a big problem. If you overhear visitors discussing a specific issue—say, a damp smell, or maybe evidence of termites —it can certainly be used as leverage when writing an offer, or it may be enough for you to decide you don’t want to take on a potential problem. And if other visitors are talking about it, the problem is probably big enough to cause headaches.
Wow, the sellers are getting out just in time
Translation: The neighborhood could be on the decline. When you go to an open house, you shouldn't just zero in on the home itself. This is your chance to get a feel for the community. Since open houses tend to attract curious neighbors, they can be the ideal setting for a potential buyer to find out about hot-button issues such as future development, traffic, area crime, or just neighborhood nuisances. If you’re looking for a home in a relatively quiet neighborhood, for instance, you might be grateful to find out now about the new road widening that’s slated to go up a half-mile away.
This price is way too high
Translation: You should work with your agent and research what other homes in the neighborhood are going for. Sure, the price of the home you're looking at might seem high, but that doesn't mean it's not fair market value for the neighborhood. Sometimes a property is priced correctly, but buyers might not realize it. That's why it's crucial to check the comps and make sure the house you're touring lines up. If it still seems high, don't run yet. You could consider adjusting your bid accordingly.
Great, our couch would fit perfectly in here!
Translation: You have competition. Listen for interest at an open house. Interested home buyers will often travel through the home, slowly and intently, using phrases such as ‘Our living room set would fit perfectly’ or 'Do you think our bed would look good in this room? These are clear indicators they're thinking about putting in an offer. And if you can see yourself living in that house, too, you'd better act fast. The worst is losing out on a home because someone got there first.
Hear the words foreclosure or divorce
Translation: The sellers' misfortune—sad as it may be for them—could work in your favor. If you hear the word foreclosure, you should pay attention. They may be open to selling it for less than they want to, due to time restrictions. Divorce is another word to listen for. If the owners are splitting up and/or need to split their assets, it’s likely that they don’t want to hang onto the home too long because it's that much longer until they can move on with the rest of their lives.
Before jumping to conclusions, do some research. Of course, it's always a good idea to consider your source. Take everything you hear with a grain of salt. If you're genuinely concerned, share that info with your agent. That said, don't discount anything entirely.
Oro Valley Real Estate - Updating Cabinets Cheaply
After a summer spent avoiding even a glance at the oven, it’s time to slip back into the kitchen. If you find yourself not quite in love with the look you’re rocking in this essential room, but reluctant to renovate so close to cooking the holiday meal, consider simply spicing up your cabinets. Cabinets are a focal point of any kitchen, so any TLC spent there is time well spent.
Swap out outdated hardware. Easy to do and easy on the wallet, this option is a true win-win. While not guaranteed to be the most impactful option, if your kitchen is just a step away from perfection, this could be that step. This is also the most renter-friendly suggestion.
Paint your cabinets. While somewhat time intensive, this project can be planned out over a few days and leave you with a stunning, cost-effective update. Even decades old cabinetry can be upgraded with a fresh coat.
Replace or remove cabinet doors. While you could do all the doors, just a change in the upper cabinet doors will completely change the look of the room. Even completely removing the doors gives you the look of fresh floating shelves and allows you to display your prized collection of kitchen supplies. If you do decide to remove the doors, remember that they can store more than just dishes, like cookbooks, artisan oils, or a favorite tchotchke.
Oro Valley Real Estate - Buy Your Home Trouble Free
Here are several shields against trouble in your quest for the home of your dreams
We Notice our Buyers Packet provides you vital information relative to your transaction. It includes things to watch out for, a reference guide, and pertinent definitions. You receive this before we start looking at homes.
A written property disclosure statement from the seller discloses any problems with the house and the surrounding area that are known by the Seller.
Professional property inspections can reveal structural, roof, termite and other problems with the property. At this point you have a choice whether to proceed with the sale, or cancel the contract.
A home warranty can give you peace of mind by providing repair-or replace coverage of many major home operating systems and appliances. Valuable on any home, old or new.
A preliminary title report informs you of any problems with the property’s title, and title insurance protects your rights to the property.
A final walk-through before closing will allow you to make sure all agreed upon work has been taken care of and the property is ready to transfer.
Oro Valley Real Estate - Marketing Your Listing Basics
Marketing Your Listing Basic Services: SERVICE TO YOU DURING THE LISTING Keep all aspects of the transaction confidential. Treat clients and their representatives with respect and cooperation. Respond to every client call or e-mail promptly. Solicit management assistance immediately if a problem develops MARKETING SERVICES INCLUDE A written marketing plan listing all websites where the listing will be posted. A written comparable market analysis that includes current listings, recent sales, plus expired or withdrawn listings. PROCESSING THE LISTING Complete the full listing packet and turn it in for processing within 24 hours. Coordinate sign and keysafe placement. Post listing to Long Realty website, Multiple Listing Service website, and Realtor.com website. Take digital pictures. Place listing on personal web site including color pictures, slide show, video tour and a detailed description. SERVICING THE LISTING Regularly e-mail sellers Listing Snapshot Report, showing website traffic for your property Call or e-mail sellers each week with a complete update regarding that week’s showings and marketing activities. Call or e-mail sellers after all open houses to share feedback. Send open house invitations to target area. Every 30 days meet with the seller to review and update the “Home Selling Plan”, update the comparable sales data, and to discuss positioning with respect to price.
To assist you in understanding the language of your real estate transaction and the contracts and forms that you will be signing, we have provided the following glossary of terms that you are most likely to encounter. If you are unclear about any of the definitions or a term is missing, please contact me!
Addendum: Something added. A list or other material added to a document, letter, contractual agreement, escrow instructions, etc., to modify the original. (See Amendment)
Adjustable Rate Mortgage (ARM): Mortgage loans under which the interest rate is periodically adjusted, in accordance with some market indicator, to more closely coincide with the current rates. The extent and number of these adjustments are agreed to at the inception of the loan.
Agency: Any relationship in which one party (agent) acts for or represents another (principal) under the authority of the latter. Agency involving real estate should be in writing, such as listings, buyer/broker agreements, power of attorney, etc.
Amendment: A change either to correct an error or to alter a part of an agreement without affecting the essential intent.
Appraisal: A report from an independent third party detailing the estimated value of real estate.
Appreciation: An increase in value to real property due to positive improvement or the elimination of negative elements in the surrounding area.
Assessed Value: The valuation placed on real property for purposes of taxation. This valuation does not necessarily correspond with the market valuation.
Balloon Note: A form of promissory note that calls for the minimum payment of principal and the payment of interest at regular intervals. This type of note requires a substantial final payment, which represents all the remaining principal.
Beneficiary (of a Trust): The recipient of benefits from a trust.
CC&Rs: A term used in Arizona to describe limitations in the deed on use and improvements to real property, frequently in a subdivision.
Clouded Title: An irregularity, possible claim or encumbrance that, if valid, would adversely affect or impair the title.
CLUE Report: (Comprehensive Loss Underwriting Exchange) A report listing any insurance claims against the risk address which may affect the insurability of the property.
Conventional Loan: A mortgage or deed of trust not obtained under a government insured program, such as FHA or VA.
Comparable Sales (Comps): Real estate sales on properties of similar age, location and features to subject property used for price analysis and appraisals.
Conveyance: The transfer of title to real property from one person to another.
Deed: A document through which a conveyance of property is effected.
Deed of Trust: An instrument used in Arizona and many other states in place of a mortgage. Real property is transferred to a trustee by the borrower (trustor), in favor of the lender (beneficiary) and re-conveyed upon payment in full.
Depreciation: Loss in value occasioned by ordinary wear and tear, destructive action of the elements, or functional or economic obsolescence.
Earnest Money: A deposit of funds by the purchaser on a piece of real estate as evidence of good faith.
Easement: A right to use all or part of the land owned by another for a specific purpose. An easement may, for example, entitle its holder to install and maintain sewer or utility lines or provide access to a piece of property.
Encroachment: Any building, improvement or structure (such as a wall, fence or driveway) located on one property that intrudes upon the property of another.
Encumbrance: Any interest, right, lien or liability attached to a parcel of land (such as unpaid taxes or an unsatisfied mortgage) that constitutes or represents a burden or charge upon the property.
Equity: The market value of real property less the amount of existing liens.
Fair Market Value: The average of the highest price that a buyer, willing but not compelled to buy, would pay and the lowest price a seller, willing but not compelled to sell, would accept.
Foreclosure: The legal process by which a lender or creditor exercises its legal rights to sell the property which was security for its loan at public auction and the owner's rights are terminated. Bank Owned Properties are those properties where the property was acquired by the former owner's lender after such an auction.
Fixed Rate Mortgage: A mortgage having a rate of interest that remains the same for the life of the mortgage.
Fixtures: Personal property that is attached to real property and is legally treated as real property while it is so attached. Examples: medicine cabinets, window blinds, and chandeliers.
Hazard/Homeowners Insurance: Real estate/property insurance protecting against loss by fire, certain natural causes, covering liability, etc., depending on the terms of the policy.
Impound Account: An account held by the lender for payment of property taxes and insurance or other periodic debts against real property. The mortgagor (in this case the property owner) pays a portion of these debts with each monthly loan payment. The lender pays the billing parties from the accumulated funds when due.
Interim Financing: Temporary or short term loans. Often used with new construction. Usually replaced with a permanent long-term mortgage.
Intestate: Designates the estate or condition of failing to leave a will at death. “To die intestate.”
Judgment: A decree of a court. In practice this is the lien or charge upon the lands of a debtor resulting from the Court ’s award of money to a creditor
Legal Description: A description of a parcel of land recognized by law, based on surveys identifying the exact boundaries of the property.
Lien: A monetary charge imposed on a property, usually arising from a debt or obligation. All liens are encumbrances, but not all encumbrances are liens.
Lender’s Policy: Also called “mortgage policy.” A title insurance policy insuring a mortgagee, or beneficiary under a deed of trust, against loss caused by invalidity or unenforceability of a lien, or loss of priority of the mortgage or deed of trust.
Loan Origination Fee: A one time fee frequently charged by the lender to set up a loan.
Marketable Title: Real property ownership free of liens, defects, encumbrances or claims.
Mechanic’s Lien: A lien on real estate, securing the payment of debts due to persons provide labor, services or materials incident to the construction of buildings and improvements on the real estate.
Mortgage: An instrument by which real property is pledged as security for repayment of a loan.
Owner’s Policy: A policy of title insurance insuring an owner of real estate against loss occasioned by defects in liens against or unmarketability of the owner’s title.
PITI: A loan payment which combine Principal, Interest, Taxes and Insurance.
Plat: Also called “plat map.” A map dividing a parcel of land into lots, as in a subdivision.
Power of Attorney: An instrument in writing by which one person, the principal, authorizes another, the attorney in fact, to act in the specific actions described in the instrument.
Principal: (1) A sum of money owed as a debt on which interest is payable. (2) A person who empowers another to act as his representative or agent. (3) The person having prime responsibility for an obligation as distinguished from one who acts as a surety or endorser.
Public Records: Records which by law impart constructive notice of matters relating to land.
Purchase Agreement: See Sales Contract.
Quitclaim Deed: A deed which transfers whatever interest the maker of the deed may have in the particular parcel of land. A quitclaim deed contains no covenants or warranties.
Real Property: Also called “real estate.” (1) Land and anything permanently affixed to the land, such as building, fences and those things attached to the buildings, such as plumbing and heating fixtures, or other such items that would be personal property if not attached. (2) May refer to rights in real property as well as the property itself.
Recordation: Filing instruments of a legal nature with the recorder of the jurisdiction – such as a deed or mortgage – affecting the title to real estate. When such an instrument is properly recorded, it is considered to be a matter of public record. Legally, that means that all subsequent purchasers are deemed to have constructive knowledge of that information.
Right of Way: See Easement.
Sales Contract (Purchase Agreement): The legal document contractually binding the terms of Buyer’s and Seller’s agreement to sell/purchase real estate, usually completed by the real estate agent and signed by both parties
Short Sale: A real estate transaction in which the sales price is insufficient to pay the loans(s) encumbering the property, in addition to the costs of sale, and the seller is unable to pay the difference. The approval of the seller’s lender(s) is required for the sale to proceed.
Special Assessment: A lien assessed against real property by a public authority to pay costs of public improvements, such as sidewalks, sewers and street light, which directly benefits the assesses property.
Subdivision: A tract of land surveyed and divided into lots for purposes of sale.
Survey: The measurement of the boundaries of a parcel of land and its area.
VA Loans: Housing loans to veterans by banks, savings and loans, or other lenders that are guaranteed by the Veterans Administration, enabling veterans to buy a residence with little or no down payment.
Warranty Deed: A deed in which the grantor warrants or guarantees that good title is being conveyed.
Zoning: Laws passed by local governments regulating the size, type, structure, nature and use of land or buildings.
Neighborhood Trends. Personalize your search for any area and get notified with automated market updates to see the latest real estate trends and activity in your neighborhood or in other areas across town.
Arizona Real Estate Market. Using Neighborhood Trends you can keep up-to-date on what’s happening in your neighborhood. It’s a great way to keep a pulse on the market whether you are buying, selling, or an interested homeowner. The metrics are automatically updated each month. For your convenience, you can subscribe to an automated report that will be emailed to you each month.
Always on the go? Can't find the time to settle down at your computer and delve into the hunt for a new home? We've got you covered! With the Long Realty Mobile App, you can view listings throughout the entire state of Arizona from the palm of your hand. Our App contains detailed real estate information that is updated every fifteen minutes, so you'll always have the most current data at your disposal. We make it easy to track your favorite listings, view high-resolution property photos, and search using powerful filters to get the most relevant results for your unique needs.
Search by Commute Time
You might have found the perfect home, but is it in the perfect location? Our App features a Commute Time Search to help you calculate how long it will take you to reach essential places like work, school, and your favorite spots around town—Starbucks, anyone? Simply set the parameters that make sense for your daily commute and we'll do the rest.
Search using HomeScan
Our App makes use of the latest in Augmented Reality technology to make your house hunt easier than ever. With HomeScan, you can drive around prospective neighborhoods and use the live camera view on your mobile device to see active listing information projected right before your eyes. The App pulls data from the MLS (Multiple Listing Service) and offers robust filtering options to help you find homes in your budget.
Is it cheaper to rent or buy? The cost of renting is increasing. This means that in many markets around the United States, it is actually cheaper to own than it is to rent.
How good does my credit score need to be? / Is my credit score good enough? You do not need perfect credit in order to qualify for a new home loan. Credit scores can impact the rate of interest you are offered, but there are other factors considered when determining mortgage qualification. There are mortgage products available that have the potential to get you qualified with scores under 600.
Will my student loan debt keep me from qualifying for a mortgage? Millions of Americans carry some level of student loan debt. It is a factor when qualifying for a mortgage just like any other monthly debt obligation. However, the student loan monthly minimum payment is what is used when qualifying for a mortgage.
How high should my income be to buy a house? You should be very mindful of your income and the expenses that are spoken for each month. The perception that your income is not enough may not be true. Talking to a mortgage consultant is the best way to determine where your budget should be and if your income is enough to qualify.
Why should I get pre-approved? Getting pre-approved is a great way to show property sellers and builders that you are serious about buying a property and can give you great negotiating power.
What does it mean to be pre-approved? You are pre-approved once you complete a full mortgage application with a mortgage loan officer. A pre-approval is based on a thorough, preliminary review of credit and income. While it is not a commitment to lend, it does give you an idea on the maximum loan amount that meet your financial goals. Pre-approvals are subject to change or cancellation if a requested loan no longer meets applicable regulatory requirements, there are changes in your credit report and/or credit score or your current financial status or application information changes or cannot be verified.
What does it mean to be pre-qualified? You don’t have to complete a full mortgage application to become pre-qualified. A talk with your mortgage loan officer about your income and assets, and possibly a review of your credit report, can help give you an idea of what might be possible for you. However, the potential loan amount would just be an estimate. To get a better idea, it is recommended that you and your mortgage loan office do a thorough document review and get pre-approved.
How large should my down payment be? / Do I really need a 20% down payment? / What if I don’t have a down payment? The idea that a large down payment is needed is traditional thinking. The truth is that there are many low-to-no payment financing options available for home buyers.
How much house payment can I afford? The amount you can “afford” is unique to each individual’s preference. When applying for a mortgage, your mortgage consultant will determine the amount of housing payment you can qualify for. Talking to a mortgage consultant is the best way to determine where your budget should be and what total housing payment is comfortable for you.>
Why should I refinance? / Would I save money if I refinance? Refinancing is a great way to lower your payment by obtaining a longer term on your loan or a lower interest rate. You can also refinance to liquidate equity from your home for debt consolidation or home improvement projects.
How do I refinance my home? You can start the process today by contacting one of our Long Mortgage, Mortgage Consultants. Or apply online.
How can I lower my interest rate? On a new purchase your interest rate is determined by the market. Also, the property type, your fico score, loan program, and amount of down payment can affect your interest rate. You have the ability to buy down your interest rate via discount points. Your Mortgage Consultants can give you a cost break down for these scenarios. You can also lower your interest rate on your current mortgage thru a refinance.
I’m starting home shopping, where do I start? Consulting a realtor and a mortgage professional is the best way to begin. Your mortgage professional can provide you will all of the specifics in obtaining a mortgage. Including the down payment, closing costs, and the monthly payment. Your realtor can assist you in finding your desired home and facilitate the purchasing process.
What does my mortgage payment include? There are 2 components to your mortgage payment. First is your Principal and Interest this is the payment for the loan itself. Next is your taxes and insurance (Escrow Account). This amount is specific to your insurance quote, and property taxes on the home. You have the option to waive your escrow account, but there may be a change to your interest rate to do so.
What paperwork would I need to start to buy a house? Most mortgage transactions are “Full Doc” loans. This means all income, and assets must be documented. The documentation needed as a rule of thumb are 2 yrs. W-2s, or Tax Returns, 2 Most Recent Paystubs with year to date information, and 2 most recent assets, or bank statements. Depending upon your specific financial situation additional documentation may be required. See the link below for additional information.
How easy is the mortgage process? The mortgage process can seem a bit invasive. During the mortgage process the lender is completing a detailed analysis of your financial situation. Understanding the process is the best way to insure you have a smooth transaction. Get an overview of the mortgage application process.
Should I talk to a mortgage professional before house hunting? / Who should I talk to first, a realtor or a mortgage loan officer? Either a mortgage professional or a realtor is a great jumping off point. Many times, if you do not have a relationship with a mortgage professional your realtor can point you in the right direction, and vice versa. It is suggested that you meet with a mortgage professional prior to making any offer on a new home.
What are closing costs? Closing costs are costs that are incurred when purchasing a property. These include, but are not limited to Loan Origination fees, Appraisal Fees, Title Insurance, Surveys, Recording Fees, and Credit Report fees.
How much are closing costs? Closing costs can vary from Lender to Lender. In addition, some loan programs have specific closing costs also. When discussing programs with your lender it is recommended you get an itemized fee sheet.
What is the difference between fixed and adjustable rate loans? A fixed rate mortgage means that your rate and monthly principal and interest payment stays the same for the life of the loan. An adjustable rate mortgage has a fixed rate for a predetermined amount of time (3,5,7, and 10 Years), and then it will adjust annually. Find additional information here.
What can I do to improve my credit score? The first step is to know your credit score. Check your report for any erroneous accounts. Next keep your credit accounts current. Keep your balances low on credit cards and other revolving accounts to increase your unused credit. Avoid opening credit accounts that you do not need to increase your available credit.
What determines a credit score? The two most important factors that determine your credit score are how you pay your debt, and how much debt you owe.
With my credit situation, when can I buy? There are many programs available for all credit situations. Even if you have had negative items on your credit such as a foreclosure or bankruptcy you may still be able to purchase a home. The best way to find out is to contact one of our mortgage consultants.
Ian did a great job. On top of everything. Pleasing experience. Took away the stress.
Ian sold a house for us back in 2000 in 18 days. This past January he did it again and believe it or not, again he did in 18 days. As the saying goes, we couldn’t have done better if we tried. But of course we tried very hard to make sure all went well and Ian performed an excellent five star ***** job to sell our house. Timing of sale was perfect for allowing us to move into the new house. His expertise and concerted approach was key to making the sale go through.
Our experience with Ian Taylor was superb! He understands that he is a real estate agent and not a bank clerk as many people now treat this special but difficult job. He is very involved and helped us to keep on top of every situation. He shared all the responsibilities with us from the day we asked him to represent us till after closing. He worked hard to make sure that we (the sellers) and the buyers (with their agent) were treated fairly and respectfully. Because of his immediate and constant attention to the selling of our home, we got a buyer immediately, and through his diligence, all went smoothly. We can recommend only one other agent in our 2 decades of buying and selling houses and Ian is one of them. Thank you, Ian.
We have worked with Ian before. He is a top notch realtor.
Honest, straightforward. Integrity.
The Title company, on our last house sale made a mistake of $1400.. Ian took it out of his proceeds to make it right for us. I have never dealt with a better realtor.
We have worked with Ian before. He is a top notch realtor.
Honest, straightforward. Integrity.
The Title company, on our last house sale made a mistake of $1400.. Ian took it out of his proceeds to make it right for us. I have never dealt with a better realtor.
Ian was a very patient realtor who worked with us for two years in our attempts to find a good winter home. We appreciate that he offered frank opinions of properties and took us to see primarily homes he thought we would like. We appreciate all the time he spent with us.
We purchased our townhome with the help of Ian Taylor. It was a very successful transaction with minimal stress. We would use Ian's services again and have recommended him to others.
If you are looking for an excellent realtor in Tucson, there is no one better than Ian Taylor. He is honest, knowledgeable and hard working. Whether you are selling or buying, Ian is your best choice!
Emilio and Elena Ferandez
I’ve used Ian Taylor for several real estate transactions. Very happy with him. He is one of the best realtors in Tucson.