In today's seller's market you hear stories all the time that go something like this: Just out your house on the market, don't worry anyone can sell it in any condition. I'm here to assure you, when someone tells you that it is about as close to the truth as someone telling you cycling is the most drug free sport. Sure, inventory is low and sure that does make it easier to sell a house no matter the condition. At the same time, the houses that are getting bid up the highest over market value, … [Read more...]
Phoenix real estate market: Hotter than a July afternoon
If you are in the market for a home in the Phoenix metro area you probably realize the market is a little challenging. Last month when I met with clients, I would tell them prices are up about 27% since last August and inventory was down to the lowest we have seen in about seven years. This market was hotter than the summer weather here in July. This week when I meet with clients I will tell them mostly the same thing, but with one noticeable difference. Prices are now up 32% since last … [Read more...]
10 Ways to Make Your Offer Stronger Without Increasing the Purchase Price
Do you watch those real estate ”˜reality' shows on Bravo? You know the ones I'm talking about. It's always three douchebag Realtors in some super pricey market sleazing their way into sales and making insane paychecks. I know, I'm obsessed, too. My husband automatically puts in his ear phones whenever I turn one of those shows on because he knows 6.8 seconds in I'm going to start screaming, “That's not how it works! This is ridiculous!” But I can't help myself. I have to watch them. One of the … [Read more...]
It almost feels like 2005 all over again
If you're going to make your debut on a widely-read website, what better way to do so than with a bold prediction ”¦ I boldly predict that inventory here in the Phoenix real estate market will not decline by more than another 7,900 homes over the next millennium. What's striking is such a prediction, timeframe aside, would have been laughable back in 2007 when there were more than 40,000 single family detached homes for sale across Maricopa County. Oh, for those halcyon days of yore. For … [Read more...]
Get an iPad 3! Phoenix Real Estate. Peyton Manning Cut! Phoenix Homes. Elections!!
Pay no attention to the silly article title. It's purely a play on what is making news today. Yep, even the Phoenix real estate stuff, though it is buried under the earth-shattering and life-changing news about "the latest new iPad" (apparently it's real name) and Peyton Manning and a bunch of... people... trying to get elected. While all that is going on, the Phoenix housing market is picking up steam. Just ask anyone currently looking for a home in Phoenix. Just ask any real estate … [Read more...]
The Phoenix Real Estate Guy was started by Jay Thompson, and I have a little blogging problem... he liked to say...