So, what the heck does “escrow” mean anyway? Well, an escrow is generally defined as: A process wherein a buyer and seller provide documents, instructions and funds to a neutral third party (title company or escrow company) until certain conditions are fulfilled. In Arizona, a buyer doesn’t pay a seller directly for the property, but rather deposits funds with a title company–the title company, acting as an intermediary, handles all funds and verifies that all written instructions in the contract have been met. Back East and in some other parts of the country, attorney’s are used to
An IDX Solution for Real Estate Pro’s
Have you been searching for an IDX solution for real estate pro's? In the world of real estate technology, there are few topics that cause as much confusion for agents as IDX or Internet Data Exchange. Through IDX, brokers and agents can display listings offered by their MLS on their website; however, finding a solution that offers an easy-to-use back-end dashboard with a beautiful interface for consumers is not always easy–in fact, it can be quite overwhelming due to complexity and range of options offered by IDX providers. IDX OPTIONS I'VE TRIED As a broker owner and Realtor, I've tried
Great Video Options for Real Estate Agents
Video Options for Real Estate Agents This article is for the DIY’s out there who want to produce their own video content quickly and easily. Over the years I’ve tried lots of different video production methods and after many failures, I’ve come across a few services that I really love. One of the slickest tools I use is a piece of PC- based software called Video Make FX. The software is not a memory hog and won’t slow down your computer–it’s super easy to use and there is virtually no learning curve. With Video Maker FX you can create business style video presentations by using still
FHA Approved Scottsdale Condos
There are approximately 30 FHA approved Scottsdale condos -- this list was curated in September of 2016 so most of these communities, if not all, should still be FHA approved in 2017. There are a number of different factors which can account for an FHA approval/denial and as a condo buyer, it's important to know going into the deal, whether or not the community in question is approved or not. The information below was provided by Jeremy House and the House Team with Prime Lending. Jeremy is one of the top 200 mortgage originators in the country and his team does a fantastic job with FHA
February 2017 Maricopa County Real Estate Market Update
February has brought a small uptick in terms of real estate activity--Here’s our February 2017 Maricopa County Real Estate Update. Let’s start with a few key stats taken from the Arizona Regional Multiple Listing Service: #OF ACTIVE LISTINGS: 19,855 #OF PENDING SALES: 12,560 #OF CLOSED SALES IN PAST 30 DAYS: 6,596 #OF DISTRESSED PROPERTIES: 416 As a percentage of total active listings, “distressed” inventory still accounts for just two percent of available housing inventory–we consider distressed properties to be the following type of listings: auction, pre-foreclosure, bank owned
January 2017 Maricopa County Real Estate Update
While markets often take a dip when the Presidency changes hands, so far things have been pretty calm in terms of real estate. Here's our January 2017 Maricopa County Real Estate Update. Let's start with a few key stats taken from the Arizona Regional Multiple Listing Service: #OF ACTIVE LISTINGS: 20,090 #OF PENDING SALES: 10,237 #OF CLOSED SALES IN PAST 30 DAYS: 5,456 #OF DISTRESSED PROPERTIES: 457 As a percentage of total active listings, "distressed" inventory account for just two percent of available inventory--this represents a one percent drop from 60 days ago. Active inventory
2016 Phoenix Real Estate Market Recap & 2017 Outlook
2016 is almost in the books and while activity in the upper price ranges has been somewhat stagnant for much of the year, activity across most price ranges improved over the past 45 to 60 days. Here is our 2016 Phoenix real estate market recap and 2017 outlook. There are a little over 20,000 active listings across the county and we have hovered around 20,000 to 22,000 units for the past 18 months or more. This supply is a bit low, but not overly so. In the upper price ranges, there is excessive supply in many neighborhoods. Below $250k, inventory is still moving well and in Scottsdale,
Maricopa County October Real Estate Update
With October in the books, here is our Maricopa County October real estate update. While the market has been flat for over 18 months, we have seen a recent uptick in activity the past 30-45 days. Here are some highlights from the Arizona Regional Multiple Listing Service: 21302 active units--this includes all home types 10495 pending units 7468 sales in past 30 days $286,440 median home price 75 average days on market for recently sold homes This graph shows market activity year-to-date for the entire county: This graph shows the average sold to list price ratio
Maricopa County Sept 2016 Real Estate Update
Let's take a look at the real estate market as of 9/30/2016--Here's our Maricopa County Real Estate Update Sept 2016. A few highlights from our multiple listing service (MLS): There are 20,246 active listings--this includes all home types. Inventory has remained relatively stable all year. There are 10,878 listings that are under contract. The average days on market for active listings is 120. There have been 7346 closed sales in the past 30 days and the average days on market for recently closed sales is 72. The median home price (closed sales) for the past 30 days was
Search Phoenix MLS Just Like An Agent
We are proud to offer the most powerful home search tool available--search the MLS just like an agent! Best of all , it's FREE. Just look for the Home Scout app on your Android or Iphone, download the app and use my VIP code -- 6023697450 -- then find your dream home. This tool is way more accurate than Zillow and it is super easy to use. You will be able to access the exact same information as any real estate agent. Happy house hunting. If you have any questions about the market, a community or home, contact us day or night.
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