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...]

Realtors Need Love Too!

Kristin LaVanway http://www.HereInPhoenix.com Kristin@HereInPhoenix.com 480-282-7464 You hate us more than lawyers and drug companies?? Awwww...come on now! According to the latest Gallup poll. the real estate industry is the fourth most hated industry in America! Not kidding...you can read to right here: http://bottomline.nbcnews.com/_news/2012/08/27/13459120-americas-most-hated-industries?lite But, I don't blame you. America...deep down I know you don't really hate us. You are just frustrated and who cab blame you? Things have been pretty bad. But I have new for you: Things are getting better, really they are! Even the news media has … [Read more...]

The Beauty of the SPDS (Not the Potato Variety)

Ready to sell your house? Well don't forget your SPDS!! The Seller's Property Disclosure Statement, or what we in the biz affectionately refer to as the "SPUDS" is a detailed checklist of all the material facts that you as the seller need to disclose to the buyer who is looking to buy your house. Don't think of this exercise as stupid, a time-waster or big-brothery, think of it as your ticket to a clear conscious! Let's face it...if you put down in writing that there is a family of rapid skunks living in your backyard next to the exposed sewer piping that really started causing problems after the foundation shifted and caused that small … [Read more...]

The A-word in Phoenix Real Estate

Here in the world of Phoenix real estate, we avoid mentioning the A-word as it strikes fear in the hearts of real estate participants who must face this adversary on the course of the transaction...dare I speak the work aloud? Appraisal! In a transitional market like we have right now, one that is experiencing a 20% increase in prices in a 6-month period, appraisals can be the kiss of death. Appraisals must follow conservative guidelines imposed by lenders and those guidelines tend to put the brakes on rapidly increasing prices. It an be hard when prices are increasing to obtain an appraisal that matches obvious market value. Many sellers … [Read more...]

Paging Mr. Spock – How Much is My House Worth, huh?

It's the $64,000,000 questions these days as values have shot up 20% since the beginning of the year. How much is YOUR house worth? Despite the fact that there are many online resources available that can provide an answer to that question - Zillow, bank websites, county tax records, and more - how accurate are those estimates? Because they are estimates, and ballpark ones at that. I am sure you have figured out that the only way to get an accurate market value for your home - one that includes all the intangibles that affect the price a buyer would be willing to pay for your home - is to talk to an experienced real estate agent...like me! … [Read more...]