Buyers

Sept. 2, 2014

Video: How to Know Whether Refinancing Your Mortgage Makes Sense

I'm trying something new. Instead of a written blog, here's a video instead:

I've talked to lots of clients recently about refinancing their homes. Rates are low- in some cases they're as low as they were when they last bought or refinanced, but there's more …

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Aug. 7, 2014

A Slowdown for Rentals as Real Estate Recovery Continues?

This morning, ARMLS released it's Rent Check statistics for August 2014 showcasing the Valley's leasing market. Year to date in the Phoenix area, rentals continue to perform very well in comparison to the previous years going back to 2005. Leases did make up a significant portion of my …

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June 28, 2014

Are the Tides Turning In Favor of Phoenix & Scottsdale Sellers?

DSC05581These are some insightful statements from the Cromford Reports for today (6/28/14):

"One of the more surprising things about the market this month is the relative scarcity of new listings. Over the last 4 weeks we have seen 5.5% fewer new listings added to the ARMLS database …

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June 19, 2014

What to Know About Zestimates® & Online Property "Estimates"

On May 27th, 2014 Zillow.com released their Home Value Forecast for 2015.

Three days later on May, 30th, the Arizona Republic reported the news and followed it with a few statements from 2 highly respected real estate analysts who focus solely on the Phoenix Metro Area. Michael Orr, also …

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May 6, 2014

Phoenix/Scottsdale Market Activity by Price Range

I thought this was a great chart from the Cromford Report published on Saturday, 5/3/14:

"Let us examine the contract ratio by price range to see which sectors are warming up and which are cooling off. This is for single family detached homes and compares May 1, 2014 …

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April 25, 2014

Mid-Spring 2014 Phoenix/Scottsdale Market Checkup

After a lackluster start, we're seeing improvement and even though most of the valley is still in a "buyer's market", things maybe inching slowly back to balance. See for yourself:

Cromford Report- Supply, Market & Demand Indices

As a reminder, the Cromford Market Index is defined as "a value that provides a short term forecast …

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April 24, 2014

Top 10 Reasons Owning Your Home Beats Renting One

OwnVsRent

 

  1. Not having to answer to a landlord.
  2. Paying YOUR mortgage & expenses beats paying someone else’s
  3. Being able to tap into your home equity in case of emergency.
  4. Appreciation (MORE MONEY!) if/when you’re ready to sell.
  5. Not having to move because your landlord booted you.
  6. Being able to …
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April 3, 2014

8 Tips to Get Your Home Purchase Offer Accepted

Originally written on 5/23/13 and updated on 4/2/14.

PurchaseContractAre you frustrated that you can't get your offer accepted? Have you made offer after offer with little luck? Are you considering walking away from buying a home?

With the spring market fully underway and the real …

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Feb. 11, 2014

6 Tips for Buying a Home in a “Buyer’s Market”

AARPurchaseContractIt’s been a little over a week since I suggested that the seller’s market we’ve experienced in Metro Phoenix for the last ~2years might be cooling. As of yesterday, Michael Orr, Director of the Real Estate Center at the W.P. Carey School of Business at ASU and the guru …

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Posted in Buyers, Featured, Sellers
Jan. 9, 2014

What to expect in Spring 2014?

2014?If you're buying or selling real estate in spring 2014, there are a few things you should know.

Our friends at the Cromford Report recently reported a new low on 1/14/14 of pending listings of -42.1% (year over year). This means the number of homes going …

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