Friday, April 20, 2018 / by Rob Hale
The seller's market story continues, but there is more going on in this real estate market than meets the eye.
Have you ever heard of iBuyers? These are tech-driven real estate investors, like Opendoor and OfferPad, that are absorbing more of the market share. Their total sales dollars have increased 14 percent over the last year. Other investing companies are also buying up properties. This is one of the reasons supply is so low right now.
These companies are responsible for a growing amount of purchases throughout the valley. They bring cash offers and promise a quick and hassle-free transaction. Sounds great, right? Well then how about an even higher cash offer, that also comes with a quick and hassle-free transaction. That is what we can bring you.
We have had several clients come to us recently after getting a purchase offer from one of these iBuyers. They wanted to check and see how these offers would compare to what we could do for them. We are happy to repo! ...
Friday, May 19, 2017 / by Ellie R.T.
You keep hearing about this seller's market. But what exactly does that mean?
Watch this video from Rob Hale, our broker here at Elite Results Realty to learn more.
Let's first take a look at Maricopa County's May inventory in the lower price ranges*:
77 listings under $100,000, compared to 9,497 in January 2011
70 listings between $100,000 and $125,000, compared to 3,713 in January 2009
155 listings between $125,000 and $150,000, compared to 3,790 in August 2008
441 listings between $150,000 and $175,000 compared to 3,534 in August 2008
So there continues to be a lot of competition over greatly reduced inventory, which means sellers typically wield the power. That is why buyers need an expert by their side to help them get what want.
We have been able to help our buyer clients gain an edge, even in an environment like this. In a recent example, one of our clients was going to have to submit a contingent offer because they had to sell t ...