What a Move Up Purchase Looks Like

On Friday, I waxed rhapsodic about a new listing in Arcadia’s Casitas Lindas.

Yesterday, about a half-dozen agents brought their clients to view the property.

Three offers were received by 8 a.m. this morning, and the townhouse was placed under contract before 10 a.m.

This is where I can say that I’m just that good but, the truth of the matter is, current market conditions helped. Though I certainly won’t downplay the role professional photography and a competitive (not low – competitive, based on current market conditions) price play in getting a property sold quickly for maximum value.

But that’s not really what I want to talk about. Rather, I want to show you two photographs.

This is what my clients sold … a 1,000-plus square foot single-story townhouse with a galley kitchen and a small, fenced yard.

Downloadable Photos 2 Mesa AZ-small-003-IMG 1379-666x444-72dpi

And this is what they’re moving into … a nearly 1,700 square foot house near Tempe Marketplace and down the block from the Chicago Cubs’ new Riverview digs in Mesa … with a 10,000-plus square foot lot, 3 full bedrooms and a sparkling blue pool.

20130204192025279500000000-o

 

When I talk about “move-up buyers”, this is what I am talking about … people selling the places where they live now, taking that equity and moving into a larger property that better fits what they need at what likely will be a more advantageous interest rate.

This isn’t an option for everyone. The hole many who purchased in 2005 and 2006 fell into it hasn’t been filled completely. (Though it was encouraging to look at one home a client purchased for $190,000 that had fallen into the $80s at the nadir rebound to the $150s over the past year.)

But for those who have a little bit of equity and a desire for some different surroundings, or who are unsure what their home might really be worth and are smart enough not to trust Zillow Zestimates that are increasingly out of touch with the appreciating market here), it’s worth picking up the phone.

Today.

 

Jonathan Dalton

Jonathan Dalton is a 40-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at allphoenixrealestate.com.

Real Time Web Analytics

Send this to a friend