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? … [Read more...] about Paging Mr. Spock – How Much is My House Worth, huh?
Are you sitting down? Here they are - the numbers for the Phoenix Real Estate Market as of June 2012. Yeah, it's still crazy. Inventory levels for the lower price ranges are practically zero! Equity sales continue to grow in numbers and prices are fast approaching the 2003 price levels. Kristin … [Read more...] about Phoenix Real Estate Market Update – The Scoop for June 2012
Fix and flips? Rental properties? Everybody dreams of success in real estate investing, right? But where to start?? It really boils down to three easy steps: 1. Plan your strategy - are you setting long term or short term goals? For long term goals you are looking for buy and hold opportunities - rental properties. For short … [Read more...] about Phoenix Real Estate Investing – It Ain’t Rocket Science!
For those folks waiting for the bottom of the Phoenix Real Estate market - it has come and gone. Here's a little wake-up call from San Tan Valley that demonstrates what we can expect home prices to do in 2012. Buyers, it's really time to come down off the fence...seriously. P.S. I told you!!!! … [Read more...] about Phoenix Real Estate Market Report – January 2012
Trust me...the entertainment value of real estate is gravely underestimated!! … [Read more...] about Who Needs Cable When You’ve Got a Real Estate License
Negotiating real estate deals just ain't the same anymore Is it just me? It just doesn't seem like it's much fun any more to negotiate a real estate transaction. Short sales, REO's and homeowners who have have watched all the equity drain from the homes have taken all the pleasure out of the process. Remember the good old … [Read more...] about Real Estate Negotiation 101
Bidding on a Foreclosure? It's Not Over Until It's Over! With the competitive Buyer's market we are seeing in Phoenix right now, buyers are frustrated when they lose out in the bidding wars. But lately, I have seen a surprising turn as buyers are bidding on multiple properties - it's never over until it's over! Buyers are … [Read more...] about Multiple Counter Offers – Bring ‘Em On!!
Seller's requirement for prequalification can be a double-edged sword Today's question addresses the common practice of the Seller to require that the Buyer pre-qualify for the mortgage with the Seller's lender or their offer will not be considered. Dean Ouellette and I discuss the reason - to make sure the Buyer can perform - … [Read more...] about If I am already qualified, why do I need to talk to the Seller’s lender?