AZ Real Estate Market

 Arizona real estate market....these past few months have been crazy.  It's almost like 2007 again.  I've been representing both Buyer and Sellers.  With Buyers we have been coming in with strong offers...full price or over and asking for no closing costs or assistance.  We have been dealing with multiple offers and Buyers are once again getting frustrated.  Inventory is low.  Today there are 6,153 homes on the market.  That's nothing!  

It's definitely a Seller's market.  When representing Seller's we want strong offers.  I've seen offers come in waiving appraisals and inspections.  As a Seller's agent this is great!  Representing Buyers not so much.

As long as we are explaining to our clients what is going on they need to really make the decision.  Buyers - do they have enough money to pay their own fees...what if the appraisal comes in low...do they have the extra money to come in with or are they going to walk away and cancel the deal?  We can only advise them so much in the end it's the client's decision on what they want to do.  

With the Seller's I'm still advising to give a home warranty to the Buyer.  Whether or not they take that advise is ultimately what the contract says and what is the best offer.   Home warranties are a love/hate relationship.  For Buyers it's great to have the first year...you don't know the house...what if something fails at least the home warranty will give you some peace of mind and you pay the service fee. 

If you are in the market to Buy or Sell I would love to help you out.

www.movinwithmarci.com

Just listed

I just listed a condo near 16th St and Northern.  It's a gated community within walking distance to Aunt Chiladas.  Close by is HWY 51, easy access to downtown Phx via the freeway or side streets.  This 1 bedroom, 1 bath downstairs 704 square foot unit was recently painted and new blinds installed.  Built in shelves in the family room.   Walk in closet in the master, plenty of storage in the bathroom.  All appliances are in the unit and yes a full size side by side washer/dryer!  Small patio with a storage room and 1 carport.

There is one pool and two spas on the premises.  There are also bbq's around the complex for your convenience. 

Come check this home out today and make an offer! Contact me at marcigcox@gmail.com or 480-695-9683 for more information

Property Management

Have you ever thought about being a landlord?  Do you want to get in the rental market and start buying homes?  Do you want to take on all the calls from your tenants?  If you answer yes and no then keep reading.

Being a landlord takes on a lot of responsibility.  First off you need to treat the home as it's not yours don't be totally invested into it.  You need to make sure you have money to pay the mortgage if your tenant is late or the property is vacant.  You can't rely on the monthly rent as things come up.  You need to be held accountable to pay your bills too. 

Are you ready to handle taking applications, showing the property and then once it is rented take calls at all hours because of issues with the home?  If not, then a property manager is the right way to go.  Property managers take all the work away from you.  We handle advertising the home to get it rented.  We provide applications and do background checks.  We move the tenant in, handle move in and move outs and from then take all the calls for maintenance issues, collect the rents, and much more.

Did you know that once you hire a management company rental tax goes into effect?  Or if you own more than 3 properties rental tax is required?  You have to get a license with the AZ Department of Revenue.  Did you know that if you are out of state you need a statutory agent in AZ?  Most of the time it would be your mgmt company or someone here locally in case something happens with your home, ie. a fire.  The police or fire department or city needs to be able to contact someone here locally for any issues. 

Being a landlord is more work than thinking it's easy money.  When a tenant moves out be prepared for the worse.  You will probably have to repaint each time a tenant moves out.  Shampoo carpet or possibly replace it.  Tenants can do damage so you have to get things fixed and that can be more money than you thought you were going to have to spend.   Not every tenant is going to be the perfect tenant are you prepared for this?

I don't want to scare you as owning investment property is great in the long run, I just want you to be aware of what all goes into being a landlord.

As always I'm here to help you with your real estate needs.  

Marci Greenberg Cox   www.movinwithmarci.com  480-695-9683 

750 E MAIN Street Mesa, AZ 85203

Property Site: http://tour.circlepix.com/home/KN4TCC

This space was used for an insurance business. Wall can be easily removed. This space has two bathrooms and has the address of 750 E Main and 8 N. Horne. It can be split for two companies or used as one. The current CAM charges for the total space for 2014 is $106.08. Rental tax is 2.25%.

Bathrooms: 0.00

Square feet: 663

Price: $700

For more information about this property, please contact Marci Greenberg Cox at 480-695-9683 or marcigcox@gmail.com. You can also text 2886080 to 67299.

See more listings at: http://www.movinwithmarci.com

MLS ID: 5300978

10307 E SAN SALVADOR Drive Scottsdale, AZ 85258

Property Site: http://tour.circlepix.com/home/ADTQH4

This is a lovely 2 story home with plenty of space. Rooms are really good sizes. Master is on the main floor. Two fireplaces, walk-in pantry, sparking pool where pool service is included. Living room, two family rooms, dining, wet-bar..what more could you ask for???

Bedrooms: 4

Bathrooms: 3.00

Square feet: 3,499

Price: $2,750

For more information about this property, please contact Marci Greenberg Cox at 480-695-9683 or marcigcox@gmail.com. You can also text 2799573 to 67299.

See more listings at: http://www.movinwithmarci.com

MLS ID: 5283288

3508 E Acoma Drive Phoenix, AZ 85032

Property Site: http://tour.circlepix.com/home/G6TQKP

This updated 3 bedroom home has laminate wood flooring, tile and carpet. There is huge walk-in pantry right off of the garage and laundry room. The master bedroom has a small add-on big enough for a desk or chair. Nice size yard with a storage shed. Low maint. front and backyard. All appliances included. Call this home today!

Bedrooms: 3

Bathrooms: 2.00

Square feet: 1,656

Price: $1,200

For more information about this property, please contact Marci Greenberg Cox at 480-695-9683 or marcigcox@gmail.com. You can also text 2753375 to 67299.

See more listings at: http://www.movinwithmarci.com

MLS ID: 5275639

4123 W WHISPERING WIND Drive Glendale, AZ 85310

Property Site: http://tour.circlepix.com/home/N9BFKC

Nice updated 3 bedroom. Tile floor, split bedrooms. Corian countertops in the kitchen and master bedroom. Grass backyard, low maintenance front yard. A/c and roof have a warranty still in place. AHS Home warranty will be transferred, good through end of June. Home to be sold AS-Is

Bedrooms: 3

Bathrooms: 2.00

Square feet: 2,034

Price: $245,000

For more information about this property, please contact Marci Greenberg Cox at 480-695-9683 or marcigcox@gmail.com. You can also text 2541376 to 67299.

See more listings at: http://www.movinwithmarci.com

MLS ID: 5230772