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How is the real estate market in Scottsdale Arizona?
The real estate market in Scottsdale is healthy. The Phoenix Metro area is experiencing a shortage of inventory, perpetuating the issue of homeowners not putting their homes on the market out of fear of not finding a home they love enough to buy. It also appears that many home sellers are over pricing their homes knowing that there is a shortage of homes for sale. However, they’re not giving today’s home buyer enough credit. Many home sellers think that buyers are desperate or uneducated, but today’s home buyer knows what they want and what’s a fair price to pay for it. If it’s a move-in ready home that is current with today’s design style, priced RIGHT - it will get multiple offers within a week.
I’ve noticed an abundant amount of flippers who are inexperienced. Way too many of them are making mediocre cosmetic improvements and thinking that’s enough. Guess what, flippers! These home buyers have most likely experienced the crash of 2008-2010 and are scorned. They know how much to pay and what NOT to pay for. If it’s a Millennial home buyer, they’re even more cautious because they’ve seen their families lose in the real estate AND stock market, so ... more

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