Household Tip

Are you overrun with clothes hanging in the closet? Me too!

To use the backward hanger method, start by turning all of your hangers in the closet backward. As you wear an item, return its hanger to the normal position. After a set period of time, such as one year, any clothes still on backward hangers can be confidently donated or sold, as it’s clear they haven’t been worn. This technique helps you keep track of what you wear and makes the decision-making process much easier when it's time to declutter.

Implementing these strategies can help you create a more organized and functional wardrobe, making it easier to find the clothes you love and actually wear. Whether you use these tips individually or combine them with the backwards hanger method, maintaining a clean and efficient closet becomes a much simpler task.

Local Market Update

The real estate market is active, with sellers benefiting from quick and profitable sales. However, increasing inventory suggests buyers may soon have more options and bargaining power.

Let's break down these real estate metrics to see how they are correlated and what they mean for buyers and sellers.

The Months Supply of Inventory being 4.65 indicates that it would take approximately 4.65 months to sell all the current homes on the market if no new listings were added. This number is considered to be on the lower side, suggesting a seller's market where demand may outpace supply.

The 12-Month Change in Months of Inventory at +90.57% shows a significant increase in the supply of homes compared to the previous year. This could indicate a shift towards a more balanced market or even a buyer's market, where there are more options available for potential buyers.

The Median Days Homes are On the Market at 57 days is relatively low, indicating that homes are selling quickly in Goodyear. This could be due to high demand and competitive pricing.

The List to Sold Price Percentage of 98.8% suggests that homes typically sell close to their listing price. This could be a sign of a strong market where sellers can get close to their asking price.

Finally, the Median Sold Price of $487,250 gives us an idea of the average price at which homes sell in this market. This can help both buyers and sellers understand the pricing trends in the area.

Overall, these metrics paint a picture of a dynamic real estate market with potential opportunities for both buyers and sellers. Buyers may find a good selection of homes to choose from, while sellers may benefit from quick sales and strong pricing. As always, I’m here to help you fully understand how these metrics may impact your situation.
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Real Estate Headlines

Important Changes for Home Buyers: What You Need to Know

Starting now, every buyer's agent must have a signed agreement with you, the buyer, before showing you any homes. This new rule aims to bring more transparency and professionalism into the home-buying process. Here’s what you need to know about this change and how it affects you.

The Basics of the Buyer Broker Agreement

Before viewing any property, you must sign a written agreement with your buyer’s agent. While the Arizona Regional Multiple Listing Service (ARMLS) doesn’t require a specific form, your agent will guide you through their brokerage's requirements. According to the National Association of Realtors (NAR), this agreement must include:

1. Clear Disclosure of Compensation: The agreement must clearly state how much your agent will be compensated or how this amount will be determined if the agent receives payment from any source.

2. Defined Compensation: The compensation amount must be clear and not open to interpretation.

3. No Excess Compensation: The agreement must ensure that the agent cannot receive more than the agreed-upon amount for their services.

4. Negotiable Fees: It must be clearly stated that broker fees and commissions are not set by law and can be negotiated.

What This Means for You

As a buyer, this agreement helps you understand upfront what your agent will earn and ensures there are no hidden fees. It also confirms that the fees are negotiable, giving you the opportunity to discuss and agree on fair compensation for your agent's hard work.

Open Houses and Unrepresented Buyers

If you attend an open house or view a property without representation, the listing agent, who works for the seller, is not required to have a written agreement with you. This means you can still see the property but remember that the listing agent's primary responsibility is to the seller.

Listing Agreements and MLS Policies

If a seller’s listing agreement specifies that offers of compensation are made without using the Multiple Listing Service (MLS), no changes are needed to comply with the new rules. However, if compensation offers are made through the MLS, the listing agreement may need to be updated to clarify how offers of compensation will be handled outside the MLS.

In Conclusion

These changes are designed to make the home-buying process more transparent and straightforward. By understanding these new guidelines, you can have more confidence in your real estate transactions. If you have any questions or need further clarification, don’t hesitate to reach out. I am always happy to help you.

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