Moving to Phoenix? Things I Get Asked ALL The Time

Phoenix is a great place to live. Just ask the more than 4.6 million people that live in the Phoenix Metropolitan area. Which is why I get regular phone calls, particularly from folks living in States that experience a frozen-tundra type of winter, asking about moving to Phoenix. ASAP. I have noticed a common thread among some of the questions I get asked. Clearly, there is a mystique about Phoenix, due in part by our "wild west" approach to our culture and a misunderstanding about what makes Phoenix tick. It ain't cattle drives, OK? Take for example, daylight savings time. We don't participate. That's right...we don't fall forward or … [Read more...]

What Does It Take To Buy A House In Phoenix?

Watch this video!!! I don't know if you knew this, but it takes $4,000,000,000,000 to buy a cheap, dilapidated home in Phoenix. Do you have that in your bank account right now? I mean, everyone else does, why not you? JUST KIDDING. Seriously though, it does take some money to buy a home. (Key word here: "Buy") Here are three things you need to get your butt in gear: 1) Cash 2) Credit 3) Compensation Cash  What is cash? Well, it grows on trees, of course! But only in my fairytale books which I sold at a garage sale 20 years ago. (Sorry.) If you have a cash-money-honey tree then nobody cares who you are, what … [Read more...]

We Need Listings! #NotABubble

Come on already! Why are you hording your own house? Put it on the market already! Don't get cast in that hypothetical TV show, "House Horders"! (Is this a show already? I'm not sure. I would probably watch it.) Weather-wise, it's becoming an early spring, and it's the perfect time to begin selling your home! Yet as you can see by my trusty chart in my video, house inventory is as flat as a pancake. Everyone in the Milky Way is moving to Phoenix, and why wouldn't they move here? We have sunshine and happiness all year round. There's no digging yourself out of snow, mud, or other kind of natural disaster. (I can't guarantee you won't … [Read more...]

Buying a House and Selling a House — At the Same Time?

How the heck do you buy AND sell a house AT THE SAME TIME? Argh! It's REALLY stressful! ...Or is it? Here are some important tips on how to make buying and selling a house at the same time go a whole heck of a lot smoother. You might even feel much more prepared! Wow! First and foremost: Start packing I mean, do you even know how long it takes to pack up your life? I know someone moving from a tiny duplex, and it's still going to take her almost a month to pack, have a garage sale, sell stuff on eBay, give it away, whatever it is she needs to do to get herself packed and moved out of there. Additionally, buying and … [Read more...]

What’s the Easiest Way to Invest in Real Estate?

A friend of mine recently asked me about investing in a REIT, which is a Real Estate Investment Trust. There's been a lot of them poppin' up over the last 15 to 20 years - especially online. This particular one that she was looking at had $1,000 minimum. My friend asked, "I don't have the $1,000 now, but if I did is this a good idea?" The online REIT that she's looking at is so super-hipster right now too (because my friend who asked is also a hipster). The site talks about crowd-sourcing and how you can become a real estate mogul just like everyone else! It's real sexy, amazing, gnarly, yadda yadda yadda. A lot of REITs invest in … [Read more...]

Hot Spots in Phoenix Real Estate

There are some real hot spots in Phoenix this winter. These Hot Spots are fueled by two things: Jobs Lifestyle There's been a lot of job growth recently in the I-10 corridor, the I-17 corridor as well as right around North Tempe and South Scottsdale. So let's use a fun bee analogy, shall we? These areas (Phoenix Metro area) are attracting a lot of employers (hives) which in turn are attracting employees (bees). Ok, silly bee analogy over. I just wanted to be cute. What's big right now is what I like to call "Urban Roosting." There are two demographics at play when it comes to Urban Roosting: Demographic 1) The … [Read more...]

Big Box Banks vs. Local Mortgage Banker

Does it really matter who you choose to do your mortgage? Can't you just go down to any ho-hum bank and get a home loan? Or call that spammy 1-800 number (that is most likely a sex hotline) you got from a quick Google search? Yes, it matters! And it’s a big FLIPPIN’ deal! You might be thinking, “Big Box is the way to go because I like everything BIG, GINORMOUS, and boxy—Texas-style!” (Remember that hit song, I'm Boxy and I Know It? LMAO!) But visit any realtor-infused happy hour and you will understand why realtors start breaking out in a cold sweat when they see a pre-qualification from 1-800-Big Box Walmart Wannabe Bank. When you … [Read more...]

Are We Headed For Another Real Estate Bubble?

Sorry to interrupt your regularly scheduled PBS program in the drab, grey fields of irrational paranoia, fear and anarchy, but I have an important message for you: IT'S ALL IN YOUR HEAD. WE ARE NOT IN A HOUSING CRISIS. We are not about to be in one either! I know what you're thinking, "Oh, but Kristin, you're a REAL ESTATE agent. Of course you would tell us we're not in a housing crisis... You just want my $%#^@ MONEY!" No. I want you to be happy. And happiness comes from being educated by the facts. With knowledge comes power and confidence - not this fear bullcrap. Let's get rid of this fear thing. It never does anyone any good … [Read more...]

No RENTS for the Weary

Are you having trouble finding a rental property in Phoenix right now? Well, you are not alone. Our rental inventory is a fraction of what it was a few years ago. Just to out things in perspective, in 2008,there were roughly 10,000 properties listed for rent in Metro Phoenix. Right now, there are less than 2200 homes or rent, listed on the MLS. And I mean in all of Metro Phoenix, meaning Phoenix and its suburbs.   That figure does not include vacation homes, but good luck there where rents are significantly higher than market rents, due to the furnished and short term nature of these leases. And keep in mind that there were a lot less people … [Read more...]

Bidding War? Bring It, Baby!

https://youtu.be/lfrwDv1DgqY This weekend, I submitted offers in two "bidding wars". OK. They were more like bidding skirmishes, as a bidding war these days usually garners 3-5 offers compared to the 25-40 offers we were seeing a few years ago. Multiple offer situations tend to scare buyers. But guess, what? My clients offers were accepted in both cases. Multiple offers are unavoidable when there are fewer listings than buyers, so here are my tips on how to be victorious should a bidding war be in your future. CHOOSE A STRONG TEAM: First and, absolutely, without a doubt, necessary is choosing the right Realtor. This is no time for … [Read more...]