Wednesday, August 9, 2017

Three Reasons Now Is a Great Time to List Your Home for Sale

Housing market conditions are challenging for buyers in many parts of the country; sellers, meanwhile, are finding the market favorable. Inventory levels are low and sales prices are high. In some markets, multiple offers have become prevalent. And in a blow to first-time buyers everywhere, fewer affordable homes are coming onto the market. Despite all this, existing-home sales climbed in the month of May; every region except the Midwest posted month-over-month and year-over-year sales increases.

1. Low Inventory

According to Lawrence Yun, chief economist for the National Association of Realtors (NAR), “Current demand levels indicate sales should be stronger, but it’s clear some would-be buyers are having to delay or postpone their home search because low supply is leading to worsening affordability conditions.” In May, 1.96 million existing homes were available for sale, an inventory increase of 2.1 percent from a month earlier. However, for the past 24 months, inventory has fallen year over year, and May was no exception: inventory was 8.4 percent lower than last year. At the current sales pace, the current housing stock could last only 4.2 months, down from 4.7 months a year ago.

2. Selling Quickly

Due to the inventory shortages, homes are not sitting on the market for long. In May, the time it took for a home to go from listed to sold was on average 27 days. This is the shortest time frame recorded since NAR began tracking the number of days on the market in May 2011. Of all the homes sold in May, 55 percent were on the market for less than 30 days, another all-time-high record.

3. Prices Up

With high demand and low inventory, home prices climbed to a record-breaking high. In May, the median existing-home price reached $252,800, a 5.8 percent increase from a year ago. This is the highest recorded median sales price, overtaking June 2016’s peak of $247,600. What’s more, this is the 63rd month in a row of year-over-year sales gains. According to Yun, “Home prices keep chugging along at a pace that is not sustainable in the long run.” Unless the market sees an increase in the number of listings in the affordable price range, housing affordability may be affected. 

If you are interested in selling your home in Arizona, contact Silver Alliance Realty!

Mary Platt • Designated Broker
(602) 618-6764 •

Tuesday, August 1, 2017

Planning for Solar? Follow These Steps

Residential solar panel installations are on the rise in the United States—according to the US Department of Energy, more than one million American homes have had solar panels installed as of May 2016. However, utilizing solar energy for your home only makes financial sense if the panels can generate electricity for less than what you are paying your utility company. That means that while living in a sunny location is key, your state’s utility costs are also a factor. Before you schedule a solar installation assessment, answer these basic questions to help you determine if solar is a good fit for your home:

Does your roof have unobstructed, clear access to sunlight for most of every day?
• Is there ample roof space or an area large enough to mount the system? 
 Is the investment worth it?
 Can you meet requirements for local permits?

Selecting the Right System

Evaluate your energy consumption patterns before selecting your solar system components, so you can choose the appropriate photovocaic (PV) system size for your home, and help reduce your overall electrical use. Begin by performing a load analysis, which should include:

 Recognizing your current consumption trends
 Examining your utility bills for the past year
 Calculating your energy consumption

A Grid-Connected or Stand-Alone System?

A grid-connected PV system uses power from your utility’s grid when it does not produce enough energy. When your system produces excess electricity, your utility provider is required to buy it. With net metering, your provider pays retail price for excess power that you send back through the grid.

Choose a stand-alone PV system if:
 You live in a remote location and it would be more cost-effective.
 You are planning to install a hybrid electric system that also uses a small wind electric system.
 You have minimal power needs.

Before purchasing a system, research city or county permit requirements. These will include an electrical permit, building permit, or both. Most PV providers will roll the permit prices into the complete system price.

For more information about solar installation in your community, contact the North American Board of Certified Energy Practitioners to locate a certified solar installation professional.

Mary Platt 
Designated Broker
(602) 618-6764

Wednesday, July 26, 2017

Always Start Your Home Search With Pre-Approved Financing

Today’s real estate market moves swiftly. Often, buyers find they need to act quickly to avoid missing out on their perfect home. In today’s market, sellers are receiving multiple offers, allowing them the luxury of choosing an offer that’s to their exact liking. So, what can buyers do to increase their chances of enticing sellers with their offers?

The Benefits of Mortgage Pre-Approval

Pre-approved financing gives buyers a significant edge over those whose competing offers do not have a mortgage preapproval letter.  For home sellers, an offer that’s accompanied by a pre approval letter shows that the buyer is serious. The seller (and the seller’s agent) sees that the buyer has done his or her homework and is ready to purchase the home as quickly and as smoothly as possible. When faced with two similar offers, the offer backed by mortgage pre-approval is almost universally preferred. For buyers, beginning a home search by getting pre-approved for a mortgage provides even more benefits. Your pre-approval gives you a firm budget to work with, saving you from the heartache of falling in love with a home that’s outside your financial reach. 

Additionally, having pre-approved financing sets you on track for a smoother home purchase. Pre-approved buyers close more quickly and are less likely to come up against unexpected delays or difficulties.  The process of buying a home is stressful and has many stages.  Taking these steps in the proper order is the best way to minimize your stress.

How Much House Can You Afford?

Buying a home doesn’t begin with looking at the area’s real estate listings. It begins, as with most things, with financing. With a mortgage pre-approval in hand, you’ll know what you can afford. Much of the waiting involved in choosing and obtaining a loan will be behind you as you search for your perfect home. You’ll still have a short wait when your actual loan goes through underwriting. However, as long as you don’t make any changes to your financial status, the loan application process is much shorter if you’ve already been pre-approved. Best of all? By being pre-approved when you make an offer on a home, you’ve given that offer its best chance to be accepted. In today’s fast-paced real estate market, that’s no small advantage. 

Tuesday, July 18, 2017

Our Proven Marketing Methods - How We Advertise Your Home

Our goal when selling your home is to get the highest price with the fastest close date.  We do this by providing professional and first class service while giving  your home maximum exposure to the real estate market! 
• Drone Pictures & Video:  Drone pictures and video are the latest form of real estate marketing.  This bird’s eye view not only increases the property’s appeal, but also gives potential buyers a chance to admire the local neighborhood.

• GoPro Virtual Tours:  GoPro virtual tours are on the forefront of real estate technology. These videos are shared to Silver Alliance Realty’s Facebook, Instagram, Youtube, Google+, and more.  A virtual tour makes your home stand out!

• E-mail Campaigns:  Platt Team AZ  has 17 years of networking experience in the Arizona real estate industry. We are able to directly feature your home in our e-mail campaigns that are sent to our large contact database.

• Postcards:  When listing a home with Platt Team AZ your home will be advertised with stunning, professionally printed postcards delivered to over 100 homes surrounding the property.

• Flyers:  Standard for all Platt Team AZ listings are bold, bright-colored flyers to be left inside the property and at the post for potential buyers.

• Social Media:  Graphics and videos of your home will be professionally designed and shared with all of our online community.

• Open Houses:  Open houses are a great opportunity to invite potential buyers in to visit the home for sale.

• Real Estate Websites:  We advertise on several real estate websites including, Zillow, Trulia,, and more.  Silver Alliance Realty is proud to be a premier listing agent on Zillow.


Contact Platt Team AZ today to get started on the home selling process!

Mary Platt
Designated Broker
(602) 618-6764

Tom Platt
(602) 615-8470

Wednesday, June 21, 2017

Benefits of Working with a Local, Family-Owned Brokerage

Silver Alliance Realty is a local, family-owned real estate brokerage based in Glendale, AZ. Our Designated Broker, Mary Platt, has 17 years of experience as a top-tier REALTOR® in the state of Arizona. Silver Alliance Realty's culture is centralized around our clients and their satisfaction with their real estate transaction. As a client of Silver Alliance Realty, you can expect the highest level of professional representation throughout all stages of the home buying or selling process. We understand that all clients are unique with their individual situations and needs. We will be readily available to answer all of your questions and keep you up-to-date and informed. We strive to achieve the most efficient communication practices as possible.

Silver Alliance Realty has access to the most advanced real estate technologies available.  This includes access to Arizona's Regional Multiple Listing Service (ARMLS). Your home will be listed for sale on all major industry websites as well as two distinct Silver Alliance Realty websites. We are using the latest Drone and GoPro technologies to photograph and capture video footage in order to create stunning virtual tour videos and effective online media advertisements. Your home will be marketed through social media and e-mail blasts. High quality, custom print marketing products will also be created. These include full-color, full-page flyers and open house postcards. Silver Alliance Realty has an in-house graphic designer working specifically for you on your home. Our proven marketing and services plan will get your home SOLD!

At Silver Alliance Realty, CLIENTS ARE OUR FIRST PRIORITY! We will see your transaction throughout the entire process, from beginning to end, every step of the way. Here are just some of the many benefits of working with a local, family-owned real estate brokerage:
  • Personalized Attention
  • Specialized, Direct Strategy
  • Personalized Marketing Plan (Drone & GoPro)
  • Face-to-Face Meetings and Direct Communication with Broker
  • Quick Communication Response Time
  • Top-Tier Agent Representation
  • Mary & Tom Platt Have Combined 26 Years of Experience

Contact Silver Alliance Realty today to get started!

Mary Platt
Designated Broker
(602) 618-6764

Tom Platt
(602) 615-8470

Thursday, June 15, 2017

How Homeowners Can Make the Most of a Home Appraisal

A home appraisal is an important step in refinancing or selling a house. Understanding the process can help the seller or the refinancing homeowner earn the best marks possible on an appraisal report.
An appraiser will count the number of bedrooms and bathrooms, measure the square footage, and use neigh- borhood sales as a gauge to help settle on a dollar value for your home. These are variables you can’t change, at least not in the short term. What you can change will take some time, but it is completely doable.

Hire the Right Appraiser

Sometimes the lender providing the refinanced loan selects the appraiser for you, but if you are in the position to hire your own appraiser, seek a licensed professional who has experi- ence in your local area.

First Impressions Count

A clean home may not add dollars to its value, but a dirty home can definitely subtract from it. Prepare your home and property inside and out to look its best. The appraiser will take photos of each room and look inside every closet.

Make Sure To

Tidy up the landscaping and haul off outdoor trash. Clean and declutter indoors, especially on open surfaces. Lock up pets and deodorize the house.

Keep a List of Upgrades

Did you add more insulation to your home? Mention it. Before the visit, prepare a list of small or extensive indoor and outdoor projects that you have completed while owning the home (up to fifteen years) for the appraiser to reference later. Provide copies of receipts and records for expensive materials and contracted work. Even if you did the work yourself, a home improvement project, such as a new bath vanity and faucet, will be worth more than the cost of materials, so include the small improvements too.

Be Smart about Updates

Say you have a little money to spend— where will it go the furthest? Obvious fixes like dripping faucets are easy to remedy, but if time is the issue, prioritize improvements by focusing on condition, like painting dingy walls, or updating cheap lighting. When you’re spending money before an appraisal with hopes of improving the value, consult an expert first—an experienced real estate agent can spot the most glaring issues within minutes, and they’re savvy about making home-improvement dollars stretch.

Wednesday, April 26, 2017

Home Improvements You Can Do in 24 Hours or Less

Sprucing up your home doesn’t have to take up a lot of time. To help you spring into warm-weather home improvement, here are six simple projects that take 24 hours or less to accomplish:

• Pressure Wash Siding and Walkways. Power washing exterior home areas makes siding and walkways look fresh.

• Organize Your Mudroom. Whether it’s a formal mudroom or a corner of the entryway, every house has a spot where shoes, backpacks, and other personal items collect. Organize that area with hooks for hanging and cubbies or shoe racks for storage.

• Add a Wow Factor to Your Entryway. Large planters with hardy, bright blooms add curb appeal when positioned on either side of the front door.

• Spruce Up the Deck for Summer Enjoyment. A refinished deck looks great and doesn’t have to be a lot of work. SuperDeck® from Sherwin-Williams goes on fast and easy and protects the integrity of your wood deck.

• Update Kitchen Cabinets. Add new knobs to give your cabinets a face-lift.

• Swap Pillows and Throws. Switching out pillows and throws is a great way to give seasonal flare to your living room d├ęcor.

For more information about Arizona real estate visit Silver Alliance Realty's websites