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Upsizing in a Sizzling Phoenix Market? How HomeLight Commerce-In and Money Provide Made it Occur

Fortunately retired from company life however feeling cramped in his 1,347 square-foot Scottsdale dwelling, Kent Dickerson was able to make a transfer.

He’d simply bought the home in 2020, however inside six months of sharing it along with his companion, Nancy, the couple agreed that they wanted extra space.

Realizing the Phoenix actual property market was nonetheless simply as sizzling — and even hotter — as when he’d made his current buy, Dickerson understood that the method of discovering a extra appropriate dwelling would take time. He turned his eyes again to the Phoenix actual property market with the assistance of his agent, Keith Schreiber.

Supply: (Keith Schreiber of The Studebaker Group)

Discovering an answer with HomeLight Commerce-In

To purchase an even bigger home, they’d additionally must promote Dickerson’s present dwelling. However after writing eight affords and getting rejected every time, it was clear that having a gross sales contingency was not going to fly. Phoenix sellers had been inundated with a number of affords to select from; Schreiber knew he and Dickerson wanted to reinforce affords.

Schreiber, who has been in actual property since 2012, realized about HomeLight Commerce-In via his staff lead.

“I assumed, ‘Oh my gosh, that is the right product for Kent!’”

Schreiber offered the thought to Dickerson, arrange a name with the HomeLight Commerce-In staff, and the remaining — as they are saying — is historical past.

HomeLight Commerce-In permits owners to promote their dwelling with out having to place their unique property in the marketplace first. By providing a good value (with no hidden charges) and a assure to purchase the house, the HomeLight Commerce-In program successfully removes a purchaser’s gross sales contingency and offers them with 90% of the property worth — all with out having to maneuver till the subsequent house is bought.

It’s prompt shopping for energy on a versatile, handy timeline.

Even higher, if the home sells for greater than the agreed-upon value, the vendor retains the revenue — and in Dickerson’s case, there was most positively some revenue.

“We valued the house at $570,000 and went on market at that value; we ended up getting $655,000,” says Schreiber.

Dickerson, evidently, was very happy with the result. Within the 17 months he owned the Scottsdale dwelling, it appreciated $205,000. Not a foul turnaround!

And within the meantime, Dickerson was in a position to buy a brand new dwelling with out the burden of a gross sales contingency.

A Phoenix house you can buy with HomeLight Cash Offer.
Supply: (Keith Schreiber of The Studebaker Group)

Including HomeLight Money Provide to sweeten the deal

With the Phoenix actual property market nonetheless hotter than the Sonoran Desert in mid-July, Schreiber and Dickerson agreed that bringing HomeLight Money Provide into the combination would lend a good sharper edge to their buy provide.

HomeLight Money Provide offers consumers with the chance to make an all-cash provide and take away the financing contingency.

HomeLight approves certified consumers inside 24 hours, then — due to a low program price and the power to shut in as little as eight days — the customer and agent work collectively to make an ultra-competitive money provide.

With no gross sales or financing contingencies to fret about, when Dickerson lastly discovered the appropriate home, Schreiber was in a position to assist him write an unbeatable provide and win the house he’d been searching for all alongside.

“It put him on the prime of the affords,” says Schreiber. “Nobody’s going to take a contingent provide proper now — HomeLight Money Provide actually, really enabled us to get the deal we would have liked.”

A Phoenix house you can buy with HomeLight Cash Offer.
Supply: (Keith Schreiber of The Studebaker Group)

Extra room, extra associates

Dickerson has solely been in his new dwelling since January, however he already feels, effectively, proper at dwelling.

He appreciates the tightly knit, 28-home gated group the place members made him really feel welcome earlier than he’d even made the provide.

“The primary time we had been trying on the home, we met the president of the native HOA by chance,” Dickerson remembers. “They invited us to go to the Christmas celebration earlier than we even purchased the home. The persons are very pleasant, very good.”

Although Dickerson spends as much as three hours a day partaking in his favourite passion — pickleball — he nonetheless has loads of room to putter round whereas he’s at dwelling.

“I went from my little single-story home in Scottsdale to a two-story, 2,511 square-foot dwelling in central Phoenix,” he says, including that “working with HomeLight has been such a constructive expertise. I at all times felt snug, and I don’t suppose I’ve ever encountered individuals who had been so obtainable and useful. HomeLight definitely has my endorsement as a buyer.”

Dickerson’s commute to pickleball is a couple of minutes longer now than earlier than, however he says it’s effectively price the additional time spent. Nancy, who works as a paralegal, is now simply 9 miles from her workplace, and the couple has loads of room for household to go to of their downtime.

“We’re in a great place in life.”

Header Picture Supply: (Keith Schreiber of The Studebaker Group)

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