Do you have investment properties in California? I am going to tell you why it may be better to bring that investment money and invest it in Arizona. Hey everyone, I’m Dean Ouellette with the Phoenix Real Estate Guy. Today we are going to be talking investing and 1031 exchanges. If you are interested in this market get some more information here. If you have an investment property and sell it, you are going to have capital gains taxes, and those are going to hit you pretty hard when you go to … [Read more...]
New Real Estate Data Suggests That Some Polls are Completely False
I had to chuckle when I saw this Facebook post that says that the "median" (more on that below) number of inquiries (INQUIRIES) that REALTORS with personal websites get has fallen to ZERO. To say that real estate agents with personal websites get zero inquiries seems to be a bit of a stretch, to me. See this comment below that was made on that same Facebook thread by our own Jay Thompson. I’m clearly no statistician, but how does a median of zero for this data make any sense? … [Read more...]
MLS Data Manipulation – Sleaze or Service?
When it comes to MLS data manipulation in our industry, there seems to be a couple of ways to look at it. One way is when some over zealous agent decides to change something as a "benefit" to their seller client to make it look like their property is new to the market or has not been listed before. Another way is the honest and ethical way. - The way that the VAST majority of REALTORS supply data to their local MLS system. We have been following the "Real Estate Datagate" scandal … [Read more...]
Selling – Should I Stage My House?
What is Staging? You hear that staging your house to sell is important but what even is staging? I have an out of state investor who was having his investment property staged last week (isn't it stunning?!). The cleaner who was frantically putting the sparkling touches on the home before the stagers arrived asked me, "What is staging?" It's easy to get wrapped up in our world of real estate and think that EVERYONE knows what a staging is. If you've heard that term but don't exactly know … [Read more...]
Goldman Sachs Watching Residential Real Estate Market
Goldman Sachs has certainly made a name for themselves as a major multinational investment bank. Their 2017 revenues were more than $37 BILLION. As a major investment banking firm for many very large corporations, they typically are not the first thing you think of when talking about "small" loans in the world of residential real estate. With the addition of a home improvement calculator being offerd on one of their sites, there appears to be some interest in residential real estate loans. In … [Read more...]
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The Phoenix Real Estate Guy was started by Jay Thompson, and I have a little blogging problem... he liked to say...