Thinking of Buying a Home on Your Own? This is called self-representation, where there is no REALTOR® involved on one side of the transaction. The homebuyer or home seller is choosing to represent themselves throughout the transaction process. There are a few major pain points to self-representation. With self representation, it can be easy for […]
When you make the decision to sell your home, you need to be aware you are opening yourself up to a lot of uncertainty. While there are absolutely steps you can take to ensure the process runs smoothly, there are always unforeseen events that may throw your pending sale off course. As a seller the […]
Will Amazon Ever Dominate the Food Business? Six years ago, Amazon shook the retail world with its audacious $13.7 billion acquisition of Whole Foods Market. It was a move that promised to revolutionize the way we think about grocery shopping, merging Amazon’s technological prowess with Whole Foods’ brick-and-mortar presence. At the time, there was widespread […]
Did You Know The Same Real Estate Agent Can Represent Both Parties in a Transaction? In Arizona, it’s legal for a real estate broker/agent to act as a dual agent, which means they will represent both the seller and the buyer in the same home transaction. Here’s how a dual agency deal works: both the seller […]
The Metro Phoenix market saw a 3% drop in the Average Sales Price, now at $965,455, leading to a $357 Average Price Per Square Foot. Inventory increased slightly to 3.47 month’s worth of properties for sale. When the 30-year fixed mortgage rate stays above 7%, demand for resale homes is so weak that more is […]
Selling a home is a large financial transaction that involves a written contract with legal obligations that must be fulfilled. As a result of this, the terms of a property contract are very black and white and there is rarely room for negotiation. Sellers are subject to penalties under contract law, so make sure you […]
What Are Fiduciary Responsibilities and How Do They Relate to The Home Buying Process? We can explain! When purchasing a new home, it’s typical to hire a real estate agent who can provide representation and counsel with fiduciary responsibility to you throughout the home buying process. Fiduciary responsibility means that your agent acts as a […]
The rising tide of home prices in the United States has prompted a scramble for answers, and one factor often thrust into the spotlight is the influence of Airbnb short-term rentals. This contentious issue resonates strongly in the housing markets of Scottsdale and Phoenix, Arizona. While these rentals seem the apparent culprit behind housing shortages, […]
Homebuying is an exhilarating journey, but it’s not without its challenges. One pivotal juncture in this process is the home inspection. Unfortunately, this step often gets a bad rap, with misconceptions swirling around it like a cloud of uncertainty. Home inspections aren’t the deal killers they’re made out to be. They’re the truth-tellers, the enlighteners, […]
The Metro-Phoenix housing market for July 2023 indicates a decline in sold listings and average sales prices for the 2nd consecutive month, with an increase in inventory. However, U.S. property values are up in all regions except for the West and Mountain, which serve as lead indicators for market trends. It remains to be seen […]