https://youtu.be/mXyWs7nWweA Why is there no inventory? We hear there is no housing inventory and has not been any housing inventory for a few years now. So why? First, let's look at some numbers. There are three types of markets. A seller's market is roughly understood as there are less than three months of inventory available on the market for sale, so if the house is priced right and looks great then they often have an advantage because there are likely many buyers who will be … [Read more...]
Don’t trust the sale of your house to your ‘homie’ trust an executive
https://youtu.be/zgUjsoLVsSg Most people's biggest asset they will ever own in their lifetime is their primary residence. When it comes time to sell your Phoenix property would you rather trust that sale to your 'homie' or to an Executive? The market is good right now. Prices are increasing, most of the people who lost money during the real estate bubble have seen their values come back. There are too few houses on the market, so when a house is put on the market with a great marketing plan, … [Read more...]
New lending limits helps Phoenix home buyers
New FHA loan limits for Phoenix market Have you heard the good news about the latest changes to the FHA Loan Limits for Phoenix and the Maricopa County area? And if you have, do you know what they mean for the Phoenix real estate market? The good news is you can now borrow more money in 2018 to purchase your next home with an FHA loan than you could in December of 2017. Prime district in Singapore will see a new high rise pretigious new development along Bernam Street, One Bernam this will be a … [Read more...]
What is going on with the Phoenix real estate market?
What is going on in this crazy Phoenix real estate market? Yes, it is crazy. The more things seem to change, the more they stay the same. Now, remember, we have to take the market into the context of the season, and this is the slow season in Arizona. Summer into late September has been typically the slowest season since I got my license nine years ago. What is the Contract Ratio showing about the Phoenix real estate market? First, let's start with, what is a Contract Ratio? We use … [Read more...]
Are OfferPad, OpenDoor and Zillow Offers really good for the homeowner?
OfferPad, OpenDoor and Zillow Offers, what are they? OpenDoor was first out of the blocks, they would buy your house in a quick close, and you would never need to deal with agents and showings. Then OfferPad was next up, run by a local Phoenix real estate agent and they were offering the same thing. Then a few months ago Zillow announced they were getting in the game and connecting the users of their website with investors for cash offers, again you could avoid the real estate agent. Real … [Read more...]
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