Classic and Vintage car price opinion - click on above "Automobiles/ Collectables"
If you are selling a mint condition museum piece you are probably doing ok !
After the Monterey Auctions
Phoenix Metro Real Estate and Land
Have a Happy Holiday and many can be looking at a Great New Year, with a little planning!
60 days of a good seller and buyer's market ----------- and then!?
Phoenix Metro Real Estate and Tax consideration before 2018!
The Good news for both the buyer and seller over the next 2 months and
a few recommendations to keep in mind.
Inventory is at one of the lowest in years. As of 12/13/17 - (14674 single family homes listed for sale) Normal market would be over 22,000. Fewer homes listed means sales will be slower. Does it mean that prices will go down? Probably not.
Even though we are very low in inventory the number of pending homes or buyers writing contracts (Pending contracts - 7659) seems to be rather strong for this time of year.
Strong numbers of pending homes shows us why we may see a slowdown in home sales, is Not because of a lack of buyers but a lack of homes. While buyers are still looking, the prices continue to move up.
Hot spots are, as you would think, under $400,000 but all areas are picking up with a gentle slow down over $2 million. I do not expect any price range to be held back between February and May.
If a seller has a clean and move in ready home for sale, not necessarily updated, in an area lacking homes for sale, even now would be a good time to sell.
CNN reports (A true fact?) - "Homebuilder confidence hits highest level in 18 years." I am sure you are aware that after the last time they were stung they have become very cautious. They must be looking at a huge Spring market. So am I. Buyers need to be prepared and start early.
Buyers could be facing a hot seller's market starting in February. FHA home loans have been increased allowing more buyers into the market.Higher interest rates in March or April. I expect a heavy demand in the spring (as usual) for the low supply of listings.
Please give my brother Tim Mullan and myself, Mike Mullan, a call for a market update and other information to help you buying or selling your home while getting a great price. Please don't give wholesale companies up to a 30% discount before you talk to us. A quick phone call and an appointment could save you thousands.
602-531-8256 - 928-707-4462 or mike@MullanBrothers.com
Please call for more information. ---
Added info to consider before 2018.
If you use your vehicle more than 50% of the time for business and you drive a SUV or Pickup, please contact your CPA or tax attorney about tax code 179. It could be the last you see of this huge deduction.
While you are talking to them, consult with them about other possible deductions in 2017 that may go away in 2018.
No, we are not CPAs (someone else you should take to before 2018) but Arizona only Realtors and would be glad to sit down with you and discuss the buying and selling of your home or land.
Go to link for Land - finally moving!
Mike Mullan - Mike@classicsouthwest.com
September is around the corner!
Phoenix Metro Update!
Schools are back in session and most vacations are over with. Phoenix Metro Real Estate market is starting to pick up.
The summer was not quite as bad as most summers. Yes, the number of sales have not dropped as bad as the past summers. It looks like the supply, which is lower than in previous years, is be keeping the sales figures up.
Phoenix Metro is growing. Money is being made and the number of listings are still decreasing. Yes, the number of single family homes listings is worse than in the most recent years.
During the summer months, both homes listed and the number of Pending contracts dropped. In fact, pending contracts were dropping faster than listings. Now, in August, the number of pending contracts have leveled off at a point lower than current years.
It seems that the issue keeping sales or pending contracts leveled off are that listings have dropped to a point much lower than the last couple of years during the summer. The drop has kept many residential home buyers nervous about finding a home. The buyer who has bought before will not hesitate to go after a home in a good location even if the home is not perfect. They tend to want the location first (Location, location, location) and remodel the home to their likes.
That leaves the newer buyers or first-time buyers who are looking for the already perfect home, out in the heat. They are not reacting fast enough to purchase a home with the limited supply. Unfortunately, that delay that will probably cost them not only a home but a higher interest rate and probably higher selling prices.
With such a low supply of homes, especially under the $550,000 price range, a person selling the perfect home or even just a nice clean home during this period should get a good price. Normally, I would be waiting to list a home for another 3 to 4 weeks. Under these circumstances, I would not wait!
No matter what you have in mind, NOW is the time to call myself or my brother and set up an appointment and a plan to sell or buy!
There are still some homes at summer prices out there.
The near future for selling, looks great while the supply is limited. Call us so we can get that house ready for market.
Mike Mullan – 602-531-8256 – firstname.lastname@example.org
Flagstaff and most of Northern Arizona
The lucky people in Flagstaff have a few months to get your planning and home improvements done. There will be a complete Flagstaff report after Feb. 15th 2017.
We can still get started. Between a hot Phoenix, LA summer and pent up demand, May, June should be fantastic selling season in Northern Arizona!
If you are trying to sell in Flagstaff, a Realtor who belongs to the local Northern Arizona Association of Realtors has 684 local agents and their clients to promote your home.
A local agent in the Phoenix Metro area who belongs to the Scottsdale Area Association of Realtors has over 16,000 agents in the Phoenix metro area to work with. I belong to the Northern Arizona Association of Realtors and the Scottsdale Area Association of Realtors in the Phoenix metro area one of the largest markets for Flagstaff real estate. Communicating with almost 17,000 agents is a major advantage when it come to listing your home for sale.
Now add that my family has resided and has contacts in Arizona for over 100 years. Those are some great qualifications!
None of my listed homes or land in Flagstaff have lasted 60 days and have sold over what market comps were at the time of listing.
Please contact me by phone at 602-531-8256 / 928-707-4462 or e-mail at email@example.com to arrange an appointment concerning your future real estate needs.
Fourth Generation Serving Arizona Clients
Have sold 99% of my original residential listings.
Have sold those homes 95% over market comparable pricing in less than 60 days. Over 75% in less than 30 days.
Realtor with over 100 years of Family Tradition and Contacts in Arizona ! In today’s market it is critical to choose the correct Real Estate Agent to help you with your home buying and selling needs in Arizona. Whether you are selling or buying, your needs go far beyond an ad in the local paper, free home evaluation and a sign in the front yard. It takes knowledge of the local area and services. Schools, financing, transportation, retail stores, crime free locations and much more to help you locate your next home or attain the best value from your existing home. It would require more than one qualified Realtor to give you the time and knowledge to do the job right! A Realtor who has just moved to Arizona in the past 10 years does not have the knowledge to help you make the decisions that you will live with for years or decades. It takes an Arizona Realtor who is a long time resident or native to the area, to provide the insights needed to make a correct selling or buying decision. The State of Arizona is 100 years old as of February 14, 2012 and I am proud to say I have had four generations of family live in Arizona, well over 100 years. All four generations created successful Arizona businesses. I offer to you my families local knowledge and contacts. No matter if you are looking to sell or buy Luxury, historic or investment properties in the Phoenix Metro area or need the contacts to make your move to Arizona as pleasurable as possible, please give me a call or drop us a line. Mike Mullan Specialists in: Luxury homes Historic homes, North Central Phoenix, Paradise Valley, North Phoenix, Scottsdale, Glendale, Investment, Horse and car properties as well as other Arizona resort communities. Buying services and financial contacts for our out of country friends.
So please contact me at:
Or Use our “Contact US” page for free home valuation,