About Gentry Real Estate
Thank you for taking the time to consider Gentry Real Estate to help you achieve your home buying and property investment goals.
Gentry agents work hard from start to finish to handle your transaction as accurately and efficiently as possible. We have established relationships with the best of the business in financing, title, insurance, inspections and more, to ensure you are treated with the highest standard available. Call our office today to meet with one of our top agents.
Gentry Real Estate offers homebuyers, investors, and sellers with the most up-to-date information and expertise. When investing in today’s market, we have the resources necessary to assist buyers in the purchase of all types of investment properties. Our services include helping clients find, bid, and purchase properties at trustee auctions and other foreclosure sales. Our agents can see to all your investment and other real estate needs with everything from hard money loans to the management of your property.
Again, thank you for considering Gentry Real Estate to provide the services, knowledge, and answers you need to make your real estate experience in today’s market a smooth one.
Buying a Home
Getting to the Heart of Home Financing
Locating the best loan for you involves comparing loans such as conventional, jumbo, FHA / VA, weighing mortgage benefits among fixed-rate, adjustable-rate, interest only and combo (piggyback) loans, evaluating FICO scores, getting preapproved, making sense of the GFE & HUD-1, finishing with underwriting and final loan approval.
Real Estate Purchase Contract
Definition: A real estate purchase contract is a binding agreement (between two or more parties with legal capacity) to purchase real property. It is based on legal consideration.
The Key Steps:
- Organize – Set a goal to save a certain amount of money each month—then stick to it.
Watch Spending and Savings – Prioritize your family’s spending needs so that saving becomes second-nature.
- Negotiate – Communicate early and often with companies or banks you owe money to so you can work out problems before they grow larger.
- Elevate Your Credit Score – Know your credit score and what it means to banks and credit card companies and your future.
- Read (and Understand) the Fine Print – Consider all the options, educate yourself, and be informed before you sign on the dotted line.
Set money goals, and develop a plan to reach them. Decide what’s important to spend, then save the rest for a rainy day—or a down payment on a home.
Watch Spending and Savings
Putting a little money aside every month takes hard work and difficult choices. But the rewards are great. Learn about the power of compound interest. Teach your children that a few hundred dollars invested now can turn into thousands of dollars over time.
Many consumers, including homeowners, feel trapped by debt. But there may be other options. Contact the people you owe. They may be willing to work with you to develop new payment plans. It will show that you are serious and smart about money.
Read (and Understand) the Fine Print
Consumers have more ways than ever to buy a home. Know your rights. Homebuyers should understand their mortgage contract and be on the look-out for scam artists and predatory lenders. A HUD-approved housing counselor (1-800-569-4287) can help.
What is a Home Warranty Plan?
The last thing a home buyer wants to worry about after closing is what could possibly break or malfunction in her new home. Since that can cover a multitude of items and systems, for peace of mind, it’s a good idea to get a home protection plan. It’s especially a good idea to obtain a home warranty if you’re a first-time home buyer with no experience maintaining a home.
Gentry Real Estate– Buy Low AZ Team is a bidding service in Maricopa, Pinal, and Yavapai Counties in the state of Arizona. We have been in business for nearly a decade, and our goal is to offer the best bidding and information services for our investors. We provide real estate foreclosure information for investors and bid on their behalf at the live auctions occurring daily Monday-Friday. Currently we purchase over a hundred properties a month for our clients. We are one of the top bidding services in Phoenix and the most trusted by investors.
We provide investors with a daily list of real estate properties going to auction. The daily list includes x opening bids, estimated values, year built, subdivision, sq. ft., links to tax information, and status updates if a sale has been postponed or cancelled. In addition to the daily list, we also provide a secondary list of auction homes that have opening bid amounts below 70% of the market value called our “Pick List”. That list includes a detailed market analysis with maps. The completed list is then emailed to investors at their request. Investors place bids via texting, calling, or emailing the information in to the bidders.
Our staff of experienced and proven professionals works closely with investors to assist them in making wise and prudent investment decisions. The ultimate decision to buy a property is always up to the investor, but our staff is here to help.
Prepare your House
Disassociate Yourself with Your Home.
Say to yourself, “This is not my home; it is a house — a product to be sold much like a box of cereal on the grocery store shelf.
Make the mental decision to “let go” of your emotions and focus on the fact that soon this house will no longer be yours.
Picture yourself handing over the keys and envelopes containing appliance warranties to the new owners!
Say goodbye to every room.
Don’t look backwards — look toward the future.
Pack up those personal photographs and family heirlooms. Buyers can’t see past personal artifacts, and you don’t want them to be distracted. You want buyers to imagine their own photos on the walls, and they can’t do that if yours are there! You don’t want to make any buyer ask, “I wonder what kind of people live in this home?” You want buyers to say, “I can see myself living here.”
People collect an amazing quantity of junk. Consider this: if you haven’t used it in over a year, you probably don’t need it.
- If you don’t need it, why not donate it or throw it away?
- Remove all books from bookcases.
- Pack up those knickknacks.
- Clean off everything on kitchen counters.
- Put essential items used daily in a small box that can be stored in a closet when not in use. Think of this process as a head-start on the packing you will eventually need to do anyway.
Rearrange Bedroom Closets and Kitchen Cabinets.
Buyers love to snoop and will open closet and cabinet doors. Think of the message it sends if items fall out! Now imagine what a buyer believes about you if she sees everything organized. It says you probably take good care of the rest of the house as well. This means:
- Alphabetize spice jars.
- Neatly stack dishes
- Turn coffee cup handles facing the same way.
- Hang shirts together, buttoned and facing the same direction.
- Line up shoes.
Rent a Storage Unit.
Almost every home shows better with less furniture. Remove pieces of furniture that block or hamper paths and walkways and put them in storage. Since your bookcases are now empty, store them. Remove extra leaves from your dining room table to make the room appear larger. Leave just enough furniture in each room to showcase the room’s purpose and plenty of room to move around. You don’t want buyers scratching their heads and saying, “What is this room used for?”
Remove/Replace Favorite Items.
If you want to take window coverings, built-in appliances or fixtures with you, remove them now. If the chandelier in the dining room once belonged to your great grandmother, take it down. If a buyer never sees it, she won’t want it. Once you tell a buyer she can’t have an item, she will covet it, and it could blow your deal. Pack those items and replace them, if necessary.
Make Minor Repairs. Make the House Sparkle! Scrutinize.
Go outside and open your front door. Stand there. Do you want to go inside? Does the house welcome you?
Check Curb Appeal.
If a buyer won’t get out of her agent’s car because she doesn’t like the exterior of your home, you’ll never get her inside.
Selling Your Home
How much is your home worth? Pricing a home is part art and part science. It’s a combination marrying analytical statistics to emotional appeal and market movement. You do not want to overprice your home or try to “test the market.” Like Goldilocks and the Three Bears, you want to price it just right.
Marketing and Showing
Effective marketing is more than sticking a sign in the yard. Successful sellers utilize dozens of marketing techniques to draw the largest pool of buyers. When buyers show up on your doorstep, here are tips on how to create a magical experience and encourage the buyer to make a purchase offer.
Sellers and buyers are often polar opposites. Buyers want to pay as little as possible and sellers want full-price offers. Somewhere in between those two extremes, sellers and buyers find middle ground or the deal doesn’t happen. Here is advice on how to give sellers a clear edge in negotiations.
In tough markets, buyers ask sellers to help finance properties. Owner financing attracts more buyers, and sellers have a variety of financing instruments to choose from. Sometimes sellers obtain home equity loans to or bridge loans to buy a new home before their existing home sells. Here are articles that cover financing options for a seller.
Home Inspections and Disclosures
Almost every home buyer will get a home inspection before committing to buy your home. You can help the process move more smoothly by preparing for the home inspector and making minor repairs beforehand. No home is perfect, not even new homes; however, buyers may offer less for a home if major defects are discovered.
All About Listing Agreements
If you’re ready to read about listing agreements, it’s likely that you’ve already found a good real estate agent and had a lengthy discussion with this agent and are now ready to think about listing your home for sale.
The common top three listing agreement choices are:
- Open Listing;
- Exclusive Agency Listing;
- Exclusive Right-to-Sell Listing.
Exclusive Right-to-Sell Listing
An exclusive right-to-sell listing is the most commonly utilized instrument. It gives the broker the exclusive right to earn a commission by representing the owner and bringing a buyer, either through another brokerage or directly. The owner pays both the listing and selling broker fees. The owner cannot sell the property herself without paying a commission, unless an exception is noted in the contract.
Short Sales / Foreclosures
Sellers who stop making mortgage payments — and those headed into default who cannot refinance or work out financing alternatives with their lender — have 3 options for sale: sell the home before foreclosure is final, give a deed-in-lieu of foreclosure to the bank or let the bank take the property in foreclosure. Buyers and investors often try to negotiate with the bank on short sales before the home foreclosure is complete, especially if the home is worth less than its mortgage balance.
Find out What Your Home is Worth
Get an accurate quote for your home value don’t rely on a computer generated quote.
GENTRY REAL ESTATE OFFERS A COMPREHENSIVE ARRAY OF OUTSTANDING ARIZONA REAL ESTATE SERVICES SUCH AS FORECLOSURE AUCTIONS, RESIDENTIAL RESALE, SHORT SALES. OUR TEAM SPECIALIZES IN HELPING INDIVIDUALS BUY, SELL, RENT, OR MANAGE ANY REAL ESTATE IN PHOENIX AND THE SURROUNDING AREAS. WHETHER YOU’RE ON THE LOOKOUT FOR AFFORDABLE AZ PROPERTY RENTALS OR NEED RELIABLE PROPERTY MANAGEMENT IN PHOENIX, WE HAVE THE RESOURCES AND THE KNOWHOW TO PROVIDE EXCELLENT SERVICE THROUGH AND THROUGH. IT HAS ALWAYS BEEN OUR COMMITMENT TO PROVIDE PROFESSIONAL SERVICE TO OUR CLIENTS BY ENSURING OUR AGENTS ARE UP-TO-DATE WITH THE LATEST AZ REAL ESTATE DEVELOPMENTS AND MARKET TRENDS. WE DO NOT SETTLE IN GIVING YOU ANYTHING THAT IS LESS THAN WHAT YOU NEED AND DESERVE. WE TAKE PRIDE IN THE QUALITY OF OUR SERVICES AND WORK HARD TO KEEP OUR CLIENTS SATISFIED. IF IT’S REAL ESTATE SUCCESS YOU’RE LOOKING FOR, THEN GENTRY REAL ESTATE IS THE COMPANY OF CHOICE!