PHOENIX (3TV/CBS 5) – Here in the Valley, it can be difficult to determine how much to sell your home for as prices drop and homes stay on the market longer.
On Saturday morning, meteorologist and Arizona’s Family reporter Kylee Cruz spoke with real estate expert Rich La Rue to help those looking to sell their home. La Rue is a broker for HomeSmart of Scottsdale and has been in the home real estate market for over 38 years!
With such an unpredictable market, La Rue said the best thing for those looking to sell their homes to remember is that this is not the same seller’s market that the area has had over the past few months. “Some tips that sellers might want to consider is hiring a real estate professional to help them navigate the market as prices fluctuate,” he said. “Interest rates are rising sharply…and buyers have more purchasing power in the market.”
La Rue says he believes we will eventually return to a “normal market.” “Some of the prices that were paid were quite wild. I think we’re going to see these prices calm down,” he said. “I doubt we’ll see the 3% we saw that year or so.”
For tips for sellers, check out these:
As for quick fixes or quick renovations, La Rue says she suggests always getting your home ready to sell if you plan to sell it next year. “You want to make sure you don’t cut corners,” he said. “Please, please, please pick up the dirty laundry. You won’t believe what we saw on the house tour.”
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