Selling Phoenix Home: Sell now or wait? I am thinking of selling my Phoenix area home. I hear home prices could up as much as 10% in the next two years. I am thinking of moving, should I sell my Phoenix home or should I wait? If you have been reading these AskTPREG posts you know what is likely coming next, it depends... But let me explain why. First we are going to make some assumptions. First we are going to assume that 10% number is right. Second we are going to assume that there are … [Read more...]

Phoenix real estate market has been hot, does that mean another crash is coming? I have received this question probably a dozen times in the last 5 years. The answer is no. So why does the Phoenix real estate market seem so hot right now? There are a few reasons that are contributing to this. Big speculation is over the boomerang buyers who had foreclosures 7 years ago, and short sales 4 years ago coming into the market. And while that may be a small factor, there are other contributing … [Read more...]

I was recently asked on Periscope (follow me at @DeanOuellette for home tours) about the market and if there are any good deals in the Chandler and Phoenix housing markets. If you were to ask me what the best deals in the market are right now, I would say luxury condos. Typically the luxury market trails the median part of the market by about 12-18 months in Phoenix, and condos trail single family detached homes by about a year, too. So to get a good idea of what the future holds in store … [Read more...]

https://youtu.be/4wH8eKhznlA Today's edition of Ask The Phoenix Real Estate Guys comes from a discussion on a house I recently sold. I was the listing agent representing the Seller and using our usual strategy, we received multiple offers the first weekend on the market. Let's take a look at how some numbers worked out. I'm going to change the numbers slightly to protect the transaction, but the ratios are accurate. We received a full price offer of $300,000 where the Buyer was using a … [Read more...]

https://youtu.be/39Mt97cGYEo Phoenix listing agents all have their own marketing plans. And then there are some that will show up and offer you a low fee listing plan and tell you "don't worry, all any agent really does is put it in the MLS for you."  That could not be further from the truth. The average days a house took to sell over the last year is 81 days. My average is 19 days. There is a reason that some houses sell quicker than other houses. When you are hiring a listing agent … [Read more...]