South Phoenix Realtor® Moving to Arizona You may not know this, but I have lived in South Phoenix for decades, ever since 1981. When my family initially moved to Phoenix, we lived in Central Phoenix. We stayed with one of my dad's friends and his family, someone that he had met back in Mexico. His home was near Central Avenue and Indian School Road. We only stayed there for a few months. It wasn't long before my parents saved enough money to get our own place. That turned out to be a rental house near 16th Street and Southern. I remember my parents shopping for furniture for that house. In my mind's eye the … [Read more...]
Phoenix Market June 2020
Phoenix Market June 2020 Here is the Phoenix Market Update for June 2020. The second quarter is officially in the books and our market continues to charge forward. Buyer demand is still very high and interest rates are low. This results in the prices steadily rising upward. It is definitely a seller's market across many of the price points valley wide. Many homes sell within just a few days of being new to the real estate market. Often receiving multiple offers. Having an experienced agent on your side to help your offer stand out above the rest is key in this market. What does this information mean to you, as … [Read more...]
Are You Leaving Money on the Table?
Are you leaving money on the table? There are several investors out there buying properties for cash. They offer a quick close and little to no contingencies. Keep in mind that if the private investor's goal is to buy properties to then turn around and list them for sale, you may be leaving money on the table. Our current real estate market has so many moving parts. A part of it is investors calling homeowners asking if they are interested in selling. I get calls and text messages every single week asking me if I would like to sell my home. I am positive that I am not the only person that finds this practice … [Read more...]
May 2020 Phoenix Market Snapshot
May 2020 Phoenix Market Snapshot Here is the May 2020 Phoenix Market Snapshot. Some of our Phoenix neighborhoods are performing as very strong sellers markets. A sellers market is typically marked by limited inventory, multiple offers on homes, and offers above the list price. It is extremely competitive out there. If you are thinking of buying a home, make sure you are fully prepared before beginning your home search. Compared to last month's number of just over 14,000 active listings, that number has decreased dramatically. Our MLS is just at over 11,000 active listings. Less inventory and high demand will … [Read more...]
Will The Phoenix Real Estate Market Crash?
Will The Phoenix Real Estate Market Crash? The question that we have been asked repeatedly these past few weeks is whether our real estate market will crash like it did during the recession in 2008. We honestly do not see that happening. Who knows what our market will be like in one year. But right now, things are moving along. Prior to the COVID-19 development, we were in a seriously strong sellers market for at least a year or more. Particularly in the lower price brackets. We're talking multiple offers, offers above list price, super strong competition for the little inventory that was available. Even with … [Read more...]
What To Do If You Can’t Pay Your Mortgage
What To Do If You Can't Pay Your Mortgage In Arizona, COVID-19 is having an effect on everything from education to employment, businesses...pretty much our world as we knew it. As a result of our state shut down, many businesses and people have been negatively impacted. I know that there are some people out there that are hurting, struggling. This has not been a good situation and now they may be looking for alternatives to keep from losing their homes. There are options. You could be asking yourself, what can I do if I can't pay my mortgage? First, communication with your mortgage lender is key. If you are not … [Read more...]
Follow Us!