Northeast Phoenix Real Estate Market for March 7, 2012.... What is actually going on with the residential real estate market NOW in Northeast Phoenix? It is amazing to say it is one of the HOTTEST markets I have experienced in over 31 years as a very active real estate agent.
Why don't I hear this on the local TV channels, or on CNN or FOX? Maybe it is TOO POSITIVE......TOO GOOD......TOO GOOD TO BE TRUE.....As a Realtor let me give you an example, I decided 11 months ago I wanted to purchase another home in 85032 and I wanted to pay no more than $175,000 and I wanted at least three bedrooms, two bathrooms, a two car garage, and no pool. I actually looked in the MLS every day for five months two times a day before I found it, and when i did I was there at 7:00AM to look at the home, the first day it came on the market.
Now that we have been in the home for six months I have looked about every week or two at the same market homes in 85032 zipcode under $175,000 with no pool, and north/south exposure and a two car garage basically around 1500 square feet range and I have not noticed anything come on the market, if it did....... it went to pending within a few days.
So you ask how is the real estate market? It is the BEST REAL ESTATE MARKET I HAVE SEEN IN NORTHEAST PHOENIX since 2005 however in 2005 you would have paid $50,000 or $100,000 more for the same home as what you would pay for it today in Northeast Phoenix Real Estate Market for March 7, 2012 --- I don't see how it could get any better, for sellers, and for buyers if you are patient
THERE ARE LOTS OF MULTIPLE OFFERS out there!!!!!!!!!! What does that mean? A home gets an offer, and there is another or two or five offers to present before the first offer is presented.
If you are a seller I feel the market is perfect!!!!! My average market time for the sellers I have represented for the past 15 months is 14.3 days.......... Did you get that I said AVERAGE!!!!! and it doesn't matter if it is a home for $120,000 or a home for $325,000 that is how fast the market is moving.
If you are a buyer you better have some patience, and choose a very good Realtor - let me give you an example of what I consider a good Realtor since I published two books about real estate in 2004 and 2006. And with over 27,384 people with a real estate license and most of them are "PART TIME" and have another source of income to support themselves, you will find it difficult to get someone who:
1 presents offers face to face with the seller and listing agent ( agents quit this and started emailing and faxing 15 years ago)
2 an agent who answers the telephone or returns your call promptly
3 an agent who has sold 100, or 300, or 800 homes and has experience and knowledge on how to negotiate on your behalf
If you are a buyer or if you are a seller I highly recommend you interview for a Realtor
Unfortunately 99% of the public is not familiar with HOW TO CHOOSE A REALTOR
If you are a buyer you should be searching for an experienced Realtor not a home, the experienced Realtor will find you the home you want as long as you interview and ask to see you have someone who knows how to satisfy your needs. You want someone who LISTENS to what you say!!!!!!! This way they don't end up showing you 20 or 50 homes, because if they LISTEN to what you say they will ONLY SHOW YOU HOMES that fit what you WANT!
If you are a seller you should interview and ask questions here are seller questions:
1 How long have you been in the business?
2 How many sellers do you represent in a year?
3 What is your average market time?
4 What will you do to get my home sold?
5 How often will you communicate with me?
6 What will you do DIFFERENT from all other agents?
7 (if you must sell by short sale) How much experience do you have in negotiating with banks and handling short sales?
IF you are a buyer you should interview and ask questions here are buyer questions:
1 How many buyers do you represent in a year?
2 What do you do with the offer once we write one on a home?
3 Do you represent buyers in the price range and in the geographical area I am wanting to live in?
4 What about you is different from all other agents in how you represent a buyer? Give me three.
Hopefully you now have a better idea of how: Northeast Phoenix real estate market for March 7, 2012
I hope your day is as good as mine
The Pumpkin Man
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