You may see real estate sales professionals with a different perspective than mine, particularly if you are not one yourself. You may see our local Flagstaff realtors as salespersons you can call for information and prices for listed properties around town, or maybe show you a house or two, and even write an offer on your behalf. After all, how hard could it be? After 90 hours of pre-licensing, you take a state and local test and BAM- you are a realtor. I know, because that’s what I thought too, … [Read more...] about What Realtors Want
Paula Mack
Flagstaff Real Estate: Is it a Hedge Against Inflation?
Welcome to our 2022 Flagstaff real estate phenomenal seller’s market. Forecasted to surpass our 2021 real estate sales prices, even most seasoned realtors are surprised at our wild paced sales. Properties listed in the $600,000 to $900,00 range are receiving 18 to 20 offers within days of publishing on the MLS. The Flagstaff number of buyers far exceed the number of properties available for sale. Although the Phoenix real estate sales prices have increased by 27% from this time last year, and … [Read more...] about Flagstaff Real Estate: Is it a Hedge Against Inflation?
What Realtors Want
You may see real estate sales professionals with a different perspective than mine, particularly if you are not one yourself. You may see our local Flagstaff realtors as salespersons you can call for information and prices for listed properties around town, or maybe show you a house or two, and even write an offer on your behalf. After all, how hard could it be? After 90 hours of pre-licensing, you take a state and local test and BAM- you are a realtor. I know, because that’s what I thought too, … [Read more...] about What Realtors Want
To Buy or Not to Buy
If you are an investor or home buyer in Flagstaff and have weathered the storms and purchased a property within the past year, despite competing with multiple offers at relatively high prices, good for you! You probably had to waive or partially waive your appraisal contingency, possibly accept the property in its current condition without asking the seller to make any repairs, and maybe even “sweetened “ your purchase offer with a non-refundable earnest money deposit or more. Regardless of … [Read more...] about To Buy or Not to Buy
How to Buy a House Above Listing Price and Appraised Value
In life, and specifically in real estate, it’s all about risk and who takes it. In a typical market, the risk lies with the seller if the sales price for a property may be overpriced for the market. But, this is not your average market. What happened, and why would a buyer today want to assume more risk? In case you haven’t noticed, Flagstaff’s residential market is experiencing the hottest seller’s market in history. Home sales prices from this time last year to now, according to our … [Read more...] about How to Buy a House Above Listing Price and Appraised Value
How to Buy a House Above Listing Price and Appraised Value
In life, and specifically in real estate, it’s all about risk and who takes it. In a typical market, the risk lies with the seller if the sales price for a property may be overpriced for the market. But, this is not your average market. What happened, and why would a buyer today want to assume more risk? In case you haven’t noticed, Flagstaff’s residential market is experiencing the hottest seller’s market in history. Home sales prices from this time last year to now, according to our … [Read more...] about How to Buy a House Above Listing Price and Appraised Value
Preparing for an Active New Year in Real Estate
Flagstaff’s real estate future is forecast to be as vibrant as 2020, if not more so, in 2021 and 2022. According to Dr. Lawrence Yun, chief economist and senior vice president of research with the National Association of Realtors, of the Top 10 prospective markets in post-COVID 2021 and 2022, Phoenix tops the list, with a whopping 10% increase in population for 2021. Close behind are Austin, Charlotte, Atlanta, Houston, Denver and Nashville. Dr. Yun also notes that nationally in 2020, our … [Read more...] about Preparing for an Active New Year in Real Estate
Exploring the Post-Pandemic World of Real Estate
Now that you are working and schooling in your Flagstaff home, are you thinking of making a couple of improvements? Welcome to our post-pandemic world of real estate! According to the National Association of Realtors, what we envision for 2020-2021 pandemic and post-pandemic homes may not surprise you. Nationally, the most popular improvements are focused on making our homes a sanctuary for safely staying in place, working, teaching/learning, fitness and entertaining, all in one house! In … [Read more...] about Exploring the Post-Pandemic World of Real Estate
Examining the Real Estate Market from the Trenches
This has been a remarkable year in many ways, but a very unusual year for the residential real estate market in Flagstaff. January and February seemed a bit busier than our previous early 2019 reports, but nothing prepared those in the real estate industry for what was to come. After the COVID-19 pandemic changed the way we work and live in Flagstaff, many predicted our real estate market would slow down or even see price reductions, as business owners and their employees were shut down and … [Read more...] about Examining the Real Estate Market from the Trenches
Offering Flagstaff Real Estate Advice in a Busy Market
When the world is filled with uncertainty in these unprecedented times, it can be scary to decide what actions to take that will make sense in the future. Luckily, there is a world of experts who can guide us for all matters in real estate in the midst of these choppy waters. The COVID-19 crisis is a massive tragedy and will change the world as we know it. As with all things, however, this too shall pass. We are resilient and hopefully will adjust to our new world the best we can. Our nation, … [Read more...] about Offering Flagstaff Real Estate Advice in a Busy Market
