Blog
N. Mark Kramoltz, JD, GRI, CIPS writes blog articles on the metro Phoenix, Arizona, national and global real estate markets. Written from his perspective as a designated broker and real estate attorney, his articles avoid the inaccuracies and vacuous industry propaganda common to most real estate writings. He also blogs about animals (mostly dogs in the military) due to his love of pets and military history.
The 2 Big Seller Mistakes
Here are two biggest mistakes sellers can make: 1. Being unrealistic about value. Too often what the seller believes their home is worth is not realistic. A reasonable price will be based on recent sales of comparable properties in the immediate area. Many sellers...
New Build Construction Still Spotty
According to a leading new home analyst, there is little evidence to suggest that the new-home segment of the housing market in the metro Phoenix area has begun to recapture any significant level of market share versus the resale market. New home construction by both...
Trees Can Mean Big Bucks.
Although not always present on Arizona lots, the number of trees can be a powerful influence on home buying nationally. In an eastern-U.S. centered study, 18% of repeat buyers and 25% of buyers purchasing a new home said that being on a wooded lot or on a lot...
Sedona is a World’s Best!
Sedona is the 2nd best summer trip in the world, according to National Geographic magazine, and is one of only 2 of the world’s best located in the USA.
Home Listing Tips for Hot Weather
1. Keep it cool. It’s not the time to penny-pinch on the air conditioning. Experts - obviously based on the east coast, recommend keeping the thermostat around 72 degrees. Here in the desert I think 78 - 80 is fine. 2. Watch the smell. Always control...
How to Know What’s Going On.
Want to get real-time information about construction activity, development, building permits, and code enforcement in your metro Phoenix area city? In Scottsdale, sign up for the "Scottsdale P & Z Link", a bulletin that includes information about new planning and...
Where do Foreign Buyers Come From?
According to Listhub.com, Mexico, India, Iraq, the Philippines and China are the top 5 countries buying Arizona real estate. These results are contrary to historical trends according to the National Association of Realtors. Mexico has long been part of the top 5, but...
Buy Homes Down South.
Homes listed for sale in Tucson and Puerto Penasco (Rocky Point), Mexico are available on the Phoenix area Multiple Listing Service. You can search in both those localities through REALTOR.com - or let us do it for you. Tucson is about 120 miles south of the Phoenix...
No Money Down Returns.
Fannie Mae announced the HomePath Ready Buyer Program, that allows first-time home buyers of its properties to receive up to 3% of the purchase price in closing cost assistance. On a $150,000 priced home, buyers could receive up to $4,500 in closing cost savings....