Blog
Latest NewsN. 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. Due to his love of animals and military history, he also frequently writes about dogs, cats and horses that have played a role in military conflicts. Subscribe to his blog now!
Home Inspection Exclusions.
At SimplySOLD, we strongly recommend that buyers obtain a home inspection. But under Arizona law, inspectors are not required to report on the presence of: 1. termites, rodents, snakes or insects (a separate wood infestation inspection is required for termites); 2.any...
The Latest Housing Trends.
Prior to the pandemic, house hunters were focused on amenities. Since COVID-19, house hunters are now showing more interest in more space and its configuration. Research by the National Association of Realtors shows that the top feature desired by buyers is a home...
Scottsdale No.1 for Millennials Working Remotely.
In Phoenix Best U.S. City for Remote Workers, I reported that metro Phoenix was rated the best overall in the U.S. for working at home. WhistleOut has also analyzed working at home, and has rated Scottsdale a millennial remote worker’s paradise. Scottsdale had a score...
Appraisal Concepts, Part 4.
The Income Approach. This method analyzes a property’s income producing capability and then capitalizes the future income to indicate present value. If there are leases on the property, actual rents will be scrutinized. Comparable property rentals will also be...
The Marooned Terrier.
In the First World War German U-Boats were the scourge of the seas. But they didn’t always torpedo the vessels they sank. To save torpedoes for bigger targets, a U-Boat might surface and sink a ship using its deck gun. In one such incident, the crew of a ship about to...
Want to Know the Real Value of Your Home?
There are online home evaluators like Zillow that give an estimate of your home's value, but there's no substitute for a real comparable market analysis (CMA). Outside of a newly built tract home, it is rare that an online evaluation accurately reflect the real market...