UPDATE FEB 2017
The real estate market has taken quite a wild ride in the last decade or so and it seems to me that finally we are back to a near normal market with the end of the short sale and foreclosure waves. It just seems to me like we are bouncing along with no real market direction. The Wild West days of real estate though seem to be a thing of the past. Thank goodness!
What I see a lot of now though are post flip houses in all areas. These are junkers snapped up by professional firms that specialize in flipping and they typically redo kitchens, baths, all flooring in a short period of time and then sell at the highest price possible. Flips can vary widely in the quality of the construction though and getting them to appraise can be challenging. Despite the shows on cable TV where it seems everything flipped is a huge success, I see a lot of them sitting there and that are getting ratcheted down.
What will be interesting though is if interest rates are headed higher as predicted how will the Phoenix market react?
Now I don't see buyers feeling the "hey, I'm going to miss out if I don't buy now" attitude. That mind set might change though if rates go up as the fence sitters will feel they might be missing out if that trend continues. There could be a bump in sales over the next few months and with low inventory could be of benefit to sellers.
My advice to sellers in this market is to make your property show like a model as you are competing against fix and flip specialists at every price point. Appropriate pricing is important too as recent sold comparables are not ignored by appraisers anymore and will effect the value of your home. Overpriced homes are not getting offers in this market as there is too much to choose from.
Buyers? It's your turn as far as inventory goes but..............my advice is to get fully qualified for any loan you think you might need. It is the very first thing I'd do and that doesn't mean prequalified, it means qualified which details providing, paystubs, tax returns, etc. etc. The amount of documentation needed now is mind numbing and understanding all of the costs and fees should be at the top of your list.
Despite all of the great technological advances with websites showing all the available properties with great descriptions, pictures, etc. the actual transaction and price and terms are always subject to negotiation. It is for that reason you will want to hire an experienced negotiator with a track record of success who understands the nuances that can save you thousands of dollars in what is one of the most important financial decisions you can make!
If you are buying or selling real estate please give me a call/text 602-697-0962 or drop an email to me at tim@arizonarelo.com
I am a very experienced Buyer's Agent, Seller's Agent, Designated Broker married to Dianne from Vancouver, BC, Canada, and a long time North Scottsdale homeowner!
Tim Henry
Designated Broker/Owner
602-697-0962 Text or Voice
Email: tim@arizonarelo.com
Experience: 23+ Years Full Time
1998-2009 Realty Executives, Scottsdale Ranch
2005 Double Diamond Award Top 1%, 2004 Diamond Award, Executive Club, 100% Club Awards
1994-1998 Century 21 Alliance and Investment Group
1996 Centurion Award Top 1%, Sold to Most Buyers Award
1994 Remax Sunquest Properties
STUNNING
2003 BUILT BY ODYSSEY HOMES**FABULOUSLY UPGRADED ON AN ULTRA PREMIUM
GOLF COURSE LOT WITH CAMELBACK VIEWS TOO!!42'' ALDER CABINETRY**BUILTIN
GE MONOGRAM REFRIG**GAS COOKTOP**HUGE GRANITE ISLAND AND BREAKFAST
BAR**BUILTIN DESK IN KITCHEN**SHUTTERS**CUSTOM PAINT AND FIXTURES**GAS
FIREPLACE**TRAVERTINE FLOORING**CLERESTORY WINDOWS ABOUND! THE ESSENCE
OF SOPHISTICATED SOUTHWESTERN LIVING IS HERE! MORE EXTRAS:
HOT TUB WITH FLAGSTONE STEPS**BUILTIN BBQ**POWERED RETRACTABLE
SUNSCREENS AND AWNING**LAUNDRY CABS W/SINK**COURTYARD ENTRY WITH
PAVERS**WALKIN PANTRY**NEWER EXTERIOR PAINT**SNAIL SHOWER**MASTER BR
EXIT AND CALIFORNIA CLOSETS ORGANIZERS**STUNNING GOLF VIEWS FROM HIGH
ABOVE**IMMACULATE MOVE IN CONDITION**ALL BEDROOMS HAVE PRIVATE BATHS!
THIS IS A MUST SEE!!
SOLD
12624 N 2nd St Phoenix, AZ 85022 $359,000 FABULOUS 4 BEDROOM BACKING PHOENIX PRESERVE!!
TOP QUALITY REMODELED THROUGHOUT INCLUDING EBONY SOAPSTONE KITCHEN COUNTERS**HI END GE STAINLESS APPLS INC REFRIG**NEWER WINDOWS/DOORS/FIXTURES**GORGEOUS MOHAWK HARDWOOD FLOORING**WOOD BEAMED CEILINGS**FIREPLACES IN FAMILY ROOM AND MASTER BEDROOM**NEW 20K FOAM ROOF INSTALLED 2011**NEW AC UNIT 2011**SOLAR WATER HEATER**COURTYARD WITH FIREPIT**SPORT COURT**DESIGNER PAINT**BUILT IN BBQ**WASHER DRYER INCLUDED**THE ESSENCE OF SOPHISTICATED SOUTHWESTERN LIVING IS HERE!!
SOLD
4103 E Bloomfield Rd Phoenix, AZ 85032 $189,000 MODEL PERFECT IN GATED LAS HACIENDAS!!
2 Bedroom, 2 Bathroom 1257
Livable Square Ft with Extended 2 Car Garage! Completely remodeled from
top to bottom the kitchen features granite counters, newer upgraded
cabinetry, stainless steel sink and appliances including side by side
refrigerator**Fabulous flooring with diamond pattern 20 inch tile in the
kitchen, great room and formal dining room**The two bathrooms have been
completely remodeled as well with new cabinets, granite counters and
classy white undermount sinks**The master bathroom features a huge full
size walk in shower and a skylight, it's bright and open, the essence of
sophisticated Southwestern living!! A perfect interior location with a
back patio that is directly behind the community pool. Many owners with
similar lots have been granted permission to install a private gate to
the pool area, a great feature! Not a short sale or bank owned but
lovingly cared for by an owner who has taken great pride in remodeling
with great neutral designer paint and excellent choices in natural
earthtones! Taxes for 2011: $1077 Homeowners Association $203 monthly
SOLD
4110 E Larkspur Drive Phoenix, AZ 85032 Lovingly cared for and a perfect interior location with hot tub!
A perfect winter visitor hideaway in
gated Las Haciendas includes washer, dryer, and refrigerator! Lovingly
cared for in original condition the floor plan is open and includes a
courtyard, breakfast room and high ceilings in the great room. Bright
and open with skylights, relax by the wood burning fireplace or on those
cool nights in your own hot tub!! It's included!! Custom lighting in
the dining room, master bedroom features a private exit to the spa area,
built in microwave, addtional attic storage with folding
ladder...........perfectly located in a gated community one block from
Paradise Valley Mall!
CALL TIM TODAY AT 602-697-0962 IF YOU ARE THINKING OF SELLING..........I HAVE A PLAN!
SOLD
NEW TO MARKET!
Golf Lot! Original owners in model perfect condition! Palmer course at
Wilfire at Desert Ridge, Gated Ironwood Greens Community 3084 Sq. Ft. 3
BR plus Den, 3 Bath, 3 Car Extended Garage, Waterfall Pool, Stunning
Upgrades including full patio length retractable awning, outdoor built
in BBQ and Kiva fireplace and serene golf course and desert mountain
views! Very private location near the end of a cul de sac....Open
Sunday 12-4, Call Tim for gate code 602-697-0962 Address is 22853 N
55th St Phoenix, AZ 85054 From 101 exit at Tatum go north of Desert
Ridge Mall to Ranger then take a right and continue until it ends at the
Ironwood Greens gate, through gate right on 55th St to property Public Remarks: MODEL PERFECT ON THE PALMER GOLF COURSE AT WILDFIRE AT DESERT RIDGE**GATED**EDMUNDS/TOLL ORIGINAL OWNER**UPGRADED TO A PERFECT 10! INCLUDING FULL PATIO LENGTH RETRACTABLE AWNING**WATERFALL POOL**OUTDOOR KIVA & BBQ**PLANTATION SHUTTERS THROUGHOUT**GAS COOKTOP**OVERSIZED MAPLE CABINETRY**GRANITE TILE**DESIGNER PAINT**SOPHISTICATED SW FIXTURES/WINDOW TREATMENTS**CEILING MEDALLIONS**FAUX STAIN GLASS ENTRY**SPEAKER SYSTEM**RO**SEC SYSTEM**TANKLESS HOT WATER SYSTEM**GARAGE STORAGE CABS**GARAGE EXTENDED BY 8FT BUILDER UPGRADE**MASTER BR SPLIT MB SNAIL SHOWER**OVERSIZED TUB**A WHISTLE WAS NEVER THIS CLEAN!!IMMACULATE CONDITION!!!HIGHLY UPGRADED, GORGEOUS VIEWS, PRIVACY!!!THIS IS A 10!!!! $599,000
SOLD
FIXER UPPER 4BR, 2 BATH, 1801 SQ. FT. with Newly Replastered Pool, North Scottsdale 8419 E. Bonita Dr.
1962 Hallcraft Built in near original condition, just need a little updating but very livable on a huge interior lot!
Open 12-4 Sunday July 11 $207,000