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Posts Categorized: General Real Estate

Market Summary Cromford Report

General Real Estate, Market Update

Michael Orr Arizona Journal Columnist Owner, Cromford® Report Director, W.P. Carey School of Business   2016 started off in a much better position than in January 2015. Almost every indicator showed us that we have a stronger market than 12 months ago. Supply remains tight at the entry level but is abundant at the higher… Read more

Arizona Economic Overview

General Real Estate, Market Update

Sandra Watson President and CEO, Arizona Commerce Authority   Arizona celebrated many accomplishments over the past year, and as we move into 2016 our state’s economic outlook is positive. During fiscal year 2015, the Arizona Commerce Authority (ACA) successfully closed 120 projects representing 18,314 projected jobs with average wages of approximately $51,809 and $1.51 billion in… Read more

HOLD: A Real Estate Proven Strategy

General Real Estate, Industry News

Steve Chader Author of a #1 National Best Seller HOLD   As President Franklin Roosevelt once declared: “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” With an emphasis… Read more

REITs and Wealth Building

General Real Estate, Market Update

Paul Ohanian Founder and CEO, Scottsdale Wealth Planning, Inc.   In previous issues of the Journal, I’ve discussed the basics of Real Estate Investment Trusts (“REITs”) and their role in providing asset diversification and lessening general stock market exposure in a portfolio. In this issue, I would like to explore REITs as a tool for… Read more

Budget for Real Estate Wealth Building

General Real Estate

Pamela Barker President, Genesis Strategic Planning, Inc   Wealth building through real estate continues to bring results for those who choose to participate. Studies show that home equity is a large contributor to retirement options. That is to say, homeownership is an important step for wealth; yet studies also indicate American youth are not taking advantage… Read more

Home Buying Assistance Program

General Real Estate, Lending

Currently, there are many people across Arizona with steady jobs and good credit, but can’t afford a down payment on a new home. A new program called Home Plus operated by the Arizona Housing Finance Authority (AzHFA), is designed specifically to help people that fit into this category to become homeowners. This new program was… Read more

“Fix & Flip” Market Update

General Real Estate, Market Update

Written by Alan Langston Executive Director, Arizona Real Estate Investors Association   The “fix & flip” market is an important one to every community and in every market cycle. Investors add value to a real estate transaction through the rehab of a property and then selling at or near “retail” for a profit. If you… Read more

A “Fix & Flip” Inspection Is Important

General Real Estate, Market Update

Paul Furman President and Owner, AJF Engineering & Inspections   Many “fix & flip” investors take pride in remodels by using quality materials, licensed contractors and upgrades to old, antiquated systems; other investors put “lipstick on a pig.” These investors use unlicensed contractors and cut corners to maximize profits. Unfortunately, the cutting corners method has… Read more

The Importance Of Trust Account Management

General Real Estate

A trust account is simply a checking account; however, it’s heavily regulated by several important Arizona statutes because the account holds other people’s money. Here in Arizona, property managers are generally required to have a trust account for the property he/she is managing. One of the priorities of the Arizona Department of Real Estate is… Read more

ARMLS: We’re a Top 10 MLS

General Real Estate

Written by: Matt Consalvo CEO, Arizona Regional Multiple Listing Service, Inc. (ARMLS)   Many subscribers would be surprised to know that Arizona Regional Multiple Listing Service, Inc. (ARMLS) is one of the largest MLSs in the country. In fact, we are in the top 10 in many categories. In 2014, subscribers closed over $19 billion… Read more

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