What’s Sold Recently in Carol Rae Ranch?

Carol Rae Ranch is located in North Gilbert south of Baseline Rd and East of Higley Rd, in the 85234 zip code. Close by are the Gilbert Riparian Preserve, Southeast Regional Library, Superstition Springs Mall and so much more. For more information about Carol Rae Ranch, check out the community page for HOA details, park locations and more. Check out what's sold recently in Carol Rae Ranch... … [Read more...]

What’s Sold Recently in Lyon’s Gate, Gilbert AZ 85295

Lyon's Gate is located in Central Gilbert, AZ, close to the 202 freeway, San Tan Mall and world famous Cosmo Dog Park. Homes range from zero lot-line high density homes to spacious homes with larger lots with over 1900 residences in the neighborhood. The community includes three community pools, neighborhood parks with playgrounds,  picnic areas and grills,  and a clubhouse which can be rented out by residents and along with numerous greenbelts located throughout the community. The Lyon's Gate HOA organizes events throughout the year, including  block parties, a Halloween party, neighborhood parades, movies in the park, chili cook-offs, … [Read more...]

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

A friend of mine recently asked my opinion about a REIT - Real Estate Investment Trust. You know, those sexy crowd-sourcing ventures where you pool you money with other mogul wannabes and buy retail shops, apartment buildings and office complexes and just watch the cash flow into you pockets. Sort of. Actually, the fund managers do all the work,collecting rents from the tenants and paying the investors dividends when they make a profit. Of course, you know what happens if there is not profit, right? Let's say you have $1000 laying around and you wanted to invest in real estate? Is the REIT the best way to go? Maybe. But before you join the … [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...]

The Big Pre-Qualification Question

For some, calling a lender to get pre-qualified for a mortgage is an anxiety-riddled, hand-wringing, whiskey-swigging dilemma. Should I or shouldn't I? It's a big deal...or is it? The fact is, it is pretty much pointless to go house-shopping without checking in with a lender first. It's like going shopping without your wallet, only worse. If you forget your wallet, you can ask the cashier to hold onto the awesome bargain you found while you run back home and retrieve the forgotten financials. But if you don't talk to a lender first, you might be shopping at Nordstom's when you really should be shopping at Target (or vice versa). And either … [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...]

Yikes! Where are All the Affordable Houses?

Home prices are going up in Phoenix. Great news if you are a seller...not so great if you are a buyer. Particularly a buyer who does not currently own a home. The bar for entry level homes is going up - homes are becoming less affordable. You are jumping onto a moving merry-go-round, my friend. Check out this visual from my good friends are the Cromford Report: Yup...the inventory below $150K is quickly becoming non-existent, and the inventory of affordable homes between $150K-200K is starting to fade away as well. Anything below $250K is going to be gobbled up quickly by strong buyer demand - and guess what? We are on the brink of … [Read more...]

Phoenix Real Estate Market – 2015 in Review

And now, for the traditional look-back at the year that was. How did the Phoenix real estate market fare in 2015? Not too shabby! In a nutshell, 2015 favored sellers over buyers in most areas, as has been the trend since 2011. The good news for buyers, however, is that sellers can no longer dial it in. There were far more price reductions, more nail-biting, and overall, less partying by sellers and a little more satisfaction in the buying experience.  Gone are the days of slowly driving your car by a house, adding $20K to the listing price of some dump that meets 25% of your must-have criteria, and hoping this, your 27th offer, would … [Read more...]

Affordable Homes in Phoenix — $200K or Less, Going Fast

A cold hard look at the inventory of affordable homes in Metro Phoenix, priced in the sub-$200K range - the sweet spot for first time and re-entry buyers, is sobering. Folks, there is no sugar coating this factoid. These homes are going fast. There are only about 3300 single family homes in Metro Phoenix - 2,300 in Maricopa County and 1,000 in Pinal County that fall into this price range. That includes homes in the outskirt towns like Wickenburg and Gila Bend, small home, old homes and homes that won't qualify for FHA financing. That might seem like a lot, but in the last year, about 34,000 homes were sold in this price range. Here are … [Read more...]

Can You Really Sell Your House in November (or December!)

Real estate sales typically slow down towards the end of the year here in Phoenix. Buyers are distracted with holidays and take longer to make a decision. Inventory increases, so there are more choices. Advantages the sellers had during the busy season tend to wane as the weather cools off. But what if you NEED to sell your house now? This may not be the most ideal time to sell your house, but it is doable. About 5,000 homes will go under contract this November compared to over 8,000 that went under contract in June, one of the busiest months. Sure the number is lower, but that's still 5,000 houses! And yours could be one of … [Read more...]