Latest Real Estate News & Stories

What it's worth

 There’s only one sure-fire way to determine the value of your home: Speak to the professionals who know best.

Maybe you're thinking of selling, maybe you're thinking of refinancing, or maybe you're just curious about the market. But the question is, "What is that domicile of your's worth?”

Such a simple question should be returned with a simple answer, right? Well unfortunately, determining the value of your home--or any home for that matter--can be a tricky process. You can go online and nowadays there are endless websites that will promise you a fast answer with fancy charts and graphs. As tempting as it may be to trust this information, be wary of letting a computer program tell you what your largest investment is worth.

The trouble with these websites is that they have little to no local market information. They are not aware that a new park is being built, or that a four-lane highway is being re-routed, or that you've lovingly cared for and maintained your home.

The bottom line is this: If you're serious about getting an informative valuation for your home you should contact a local real estate professional. These professionals work with the actual people who will ultimately determine the value of your home--the home buyer themselves. This is their profession and they will be happy to sit with you and explain the current market conditions that affect your home value.



Five tips for staying energy efficient this summer

The hot summer months can take a big toll on your utility bills if you’re not careful. Here are a few suggestions for staying cool while remaining energy-efficient.

 1. Set your thermostat as high as you can while remaining comfortable. It is recommended that you keep the thermostat at 78 degrees while you are at home and 85 degrees while you are away. 

 2. Use appliances wisely. Try to refrain from using the stove, oven, clothes dryer, and dishwasher during the hot hours of the day. 

 3. Maximize shade. Keep shades and blinds closed during the day and open at night. Consider placing trees and awnings outside your largest west-facing windows.  

 4. Maximize ventilation. Open windows at night and utilize fans to pull in the cool night air. 

 5. Air Conditioning Service. Make sure you have your air conditioning serviced each summer. Keeping it clean and running well will cut energy costs.



 What is the MLS?

The acronym "M.L.S." is an everyday term in the real estate industry. So what exactly is the MLS? On a basic level, the MLS is database of all of the properties available for sale and represented by a real estate agent in a given area. The MLS also creates the framework by which agents agree to cooperate and compensate one another. There is also a high level of supervision by the system administrators, which provides accuracy and professionalism, reducing fraud. With the emergence of search sites like Zillow, Trulia, and Realtor.com, the consumer has been empowered with valuable information, which is important. The key thing for home buyers and sellers to know is that these sites don't always have the most up-to-date or accurate information. If you are thinking of selling you will get the most exposure possible by being represented by an agent, who will place your home on the MLS.

Contact Ken Peterson - 480.262.3113 Email: ken@phoenicianeast.com