Market Update Fall 2013

Welcome back! We’ve had a lot of people ask us whether we are in a buyers or sellers market lately.

The Arizona market is beginning to stabilize. That means there is equal opportunity for both buyers and sellers!

Why should you buy? Now that inventory is balancing out, there are more “ready to move in” properties. That gives you more of a selection of great homes!

Why should you sell? Interest rates are phenomenally low. Buyers are ready and willing to purchase your home, where as just a couple years ago many buyers weren’t able to get approved.

It’s also a great time to sell because if your home is priced aggressively, you can expect it to sell in just a matter of weeks.

If you have any questions, or would like a free market analysis on your home, please give me a call at 480.776.5200

Thanks for watching!

Tempe Investment Fix and Flip Update

I wanted to update you again with an excellent rental or fix-and-flip opportunity at 919 La Jolla here in Tempe.

It’s not on the MLS and the seller, a wholesale company, asked me (along with a few select others) to find a buyer. It’s listed at $180,000 firm.

The wholesale company needs to sell it now and will break even.

With $35,000 in improvements the home will sell in this market in 4-6 weeks at $265,000. After you pay a commission on the sale, you can make yourself a quick $33,000 net profit if you call me at 480-414-4220 and act on it.

We need to update the flooring, fix up the pool, get new paint, update the kitchen, and add a garage. I’ll put you in touch with a contractor who will do all the work, and I’ll find buyer who will pay top dollar for the home.

The construction will take six weeks. So from the time you buy it, to the time it's sold, you can get your money in and out in 3 months at most.
You can also rent it for $2,000 a month with about $10-15k for minimal improvements to bring it up to rental condition. I have a property manager who you can talk to who specializes in the area to find and manage the tenants. Most likely you’ll rent to college students.

It’s in a very well established neighborhood and it’s an excellent investment for you if you have the capital – that’s why I’m writing you.



Click here for more details about the property

Email me back or call me ASAP if you’re interested in buying it (or know someone).

I’ll handle all the work – if you want a video of the property or more pictures, I’ll get them. I’ll even arrange the inspection. I'll make sure you're protected and you know everything you need to know.

And of course, if you need to sell your home, give me a shout and I’ll let you know what your home would sell for, or at least tell you what updates you need to make to bring it up to full market price base on what buyers are paying a premium for in Tempe.