Sales bump gives hope for rebound

By exfinancier

Realtor Greg Yurkovic specializes in working with first-time home buyers. Yurkovic serves the West Valley as part of the Remax Sonoran Hills team.

Q: What are some of the biggest mistakes people make when trying to sell their home, and how can these mistakes be avoided?

A: Not using an agent is a big mistake. This may seem like I am trying to justify my job, however as an agent, the first place we look for our buyers is the Multiple Listing Service, which gives us access to every home for sale by an agent in Maricopa County. Properties that are “For Sale By Owners” are hard to find. With so much extra inventory, there is no interest for an agent to search FSBO properties.

Q: When do you predict the Valley’s housing market will rebound?

A: We are already starting to see an increase in sales in the $150,000 to $250,000 range. Some of these homes, if priced right, are off the market within 30 days. This is the first phase of a rippling effect that should help the market rebound during the summer months.

Q: When house hunters want a pool, which is best: purchasing a home that already has a pool or taking out another loan so they can install one themselves?

A: It’s much cheaper to repair and resurface an existing pool than build a new one. The down side is that obtaining loans for this kind of home improvement can be difficult. My advice is to find a home with a pool that is in good enough condition to last you a couple of years before any major maintenance is necessary. A good pool-repair professional can help guide a home buyer through this decision prior to purchase.

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