Buying New Homes vs Used?
In the past, Clients/friends of ours had made it a habit to buy a new home about every 5 years, about the same amount of time many folks would buy a new car. They seemed to always be on the lookout for…
Market Snapshot
Listings Fall Off the Table
SHOULD PROSPECTIVE SELLERS LIST NOW OR WAIT? I don’t consider myself an alarmist. But on the other hand, our most recent numbers suggest I should be alarmed. Take a look: Well Mike, this seems pretty good to me. If I’m a seller…
Needed: Out of the Box Solutions
I just finished reading an interesting analysis of the Phoenix Metro residential construction industry and the challenges it’s currently facing. The good news is that Maricopa County, being the fastest growing county in the nation, is creating the need for new employment…
Have We Solved the Mystery of Historically Low Inventory?
PERHAPS, BUT WE HAVEN’T SOLVED THE PROBLEM! It has perplexed local and national real estate experts for several years now. In Arizona it has meant a continued rise of both home values and rental prices – and unfortunately (or fortunately if you’re…
Great Numbers Alarm!
If you’re a part of the Greater Phoenix Metro Chamber of Commerce, a California firm looking to relocate to a business friendly climate, or a local business-person wanting to be a part of a vibrant growing business culture, look no further than…
The Due Diligence Period: Critical Buyer Advice
Last week we began to look at the Due Diligence (Inspection period) section of the Arizona Purchase Contract. We did this from the buyer’s perspective. This week, we’ll look more in depth at strategies a buyer can employ to negotiate required repairs…
The Due Diligence Period: Buyer Strategies
Last week we looked at seller strategies for navigating Arizona’s Due Diligence period to help sellers avoid a transaction falling through. The best advice in this matter is no different than healthy advice for any topic; be prepared. Know the condition of…
The Due Diligence Period: How to Prevent a Deal from Going South!
There are myriad ways that a residential real estate deal can fall through. Some ways are preventable, others, not so much. The main reason why a home deal falls through is not because of a buyer not qualifying for a loan but…
The May Boom – Phoenix Metro Area Real Estate Highs
May 2019 was huge. All-time records were set for sales units and dollar volumes through the Arizona Association of Realtors MLS (ARMLS) and surpassed not only 2018 but the bubble year of 2005! A calendar month record of 10,466 home sales was…
The May Boom!
May 2019 was huge. All-time records were set for sales units and dollar volumes through the Arizona Association of Realtors MLS (ARMLS) and surpassed not only 2018 but the bubble year of 2005! Here are the sales numbers for June 1, 2019…