10 Things You Need to Know About Phoenix Real Estate

avatarthumbnail.jpgHere are some things you ought to know, based on questions and comments that I’ve received over the past couple of weeks:

1. Mortgages still are available. You’ll need a decent credit score – 680 and up – and an income stream, but mortgages are available. Gone are the days of “no job, no money, no credit, no problem.” And that’s not a bad thing.

2. Placing a mediocre-quality townhouse in Scottsdale doesn’t make it any better to a similar townhouse constructed elsewhere in the Valley.

3. You can’t overrate easy freeway access in a metropolitan area the size of Phoenix.

4. The Canadian dollar will rise from the ashes of the past fortnight once the markets stop, look and realize the 14-cent (or so) freefall of the last two weeks was unfounded.

5. The economy’s not going to turn on a dime after the election. (For further reference, please see “Stock Market Reaction, 2000, Gore vs. Bush.)

6. You can sell your home tomorrow even in a neighborhood of bank owned homes. But you’d better be priced aggressively compared to your competition, and the REOs are your competition.

7. Staging a vacant home can be a dual-edged sword, unless you have an unlimited budget.

8. Golf course, waterfront and view lots still carry a premium and almost certainly always will when compared to the homes across the street.

9. Cash gives you additional leverage when buying a house but doesn’t give you a blank check when making your offer.

10. Determining the right price to offer when buying a home is equal parts art and science because human psychology is an inexact science.

BONUS: Real estate agents using their own photos remains dorky, but how do I stop when people keep asking me about Tobey? Maybe a beagle logo’s in order.

[tags]Phoenix real estate[/tags]

About Jonathan

Jonathan Dalton is a 30-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at allphoenixrealestate.com.

  • >>>>Real estate agents using their own photos remains dorky

  • So is that a supermodel on your site? 🙂

  • Good list, Jonathan. I’ll even agree with your comment on Scottsdale townhouses, with the caveat that real estate is about location, location, location 🙂