Phoenix Real Estate Industry News


Sept. 22, 2023

Why Your New Home Needs a Thorough Inspection—Don’t Skip It!

This is why you shouldn’t skip home inspections even on a new build.

Today, I want to discuss an interesting observation during a recent home inspection of a new property. Surprisingly, we've encountered more issues in some new builds compared to homes constructed in the 1950s or 1960s. This can be concerning, but it raises a common question: Why should one invest $500, $600, or even $800 in a home inspection for a brand new house? I'll explain precisely why a home inspection is crucial, especially for new homes.

In this specific case, we examined a brand new home with an issue related to the AC unit. There was a noticeable half-inch gap between the unit and the ductwork. Essentially, the unit was cooling the entire attic, not the living space. When our inspector opened the unit's cover, the air blew so forcefully that it pushed his hair back, highlighting the problem. Furthermore, this improper cooling was evident as the house wasn't cooling down effectively. The inspector ventured into the attic to investigate further.

"If you or someone you know is purchasing a new home and contemplating skipping a home inspection because it's new, think again."

If you or someone you know is purchasing a new home and contemplating skipping a home inspection because it's new, think again. In today's construction environment, it's just as crucial, if not more so, than when buying a 50 or 60-year-old home. With the way homes are being built right now, making a thorough home inspection and getting a good inspector have become  critical steps.

If you have any questions about home inspections or need assistance, feel free to reach out. We’re here to help.


Posted in Sellers
Sept. 6, 2023

Your Monthly Real Estate Roundup: Market Insights and Analysis

Sharing an important update on the latest market trends and changes.


Curious about the latest shifts in the real estate market? Our comprehensive market update is here to provide you with the insights you need to know about 2023’s market. From housing inventory to buyer demand to evolving pricing trends, we're breaking down the key dynamics influencing the current real estate landscape. This is what you need to know before entering the market. 

 As always, don’t hesitate to call or email us with any questions. We look forward to hearing from you!

Posted in Market Updates
Aug. 12, 2016

Do You Qualify for the Home in 5 Advantage Program?


Today I wanted to talk to you about the Home in 5 Advantage Program. This is a government grant program that gives you 5% towards your down payment and closing costs.

We have sold more than 100 homes using this program since it was launched in 2012. Recently, there have been rumors that the program is almost out of money, so anyone who wants to cash in on this program needs to do so quickly.

There are a few requirements you need to meet in order to be considered eligible for this program.

First of all, the maximum home purchase price for this program is $300,000. Right now, there are 3,600 homes currently on the market priced between $200,000 and $300,000, so you do have a lot of options to choose from. Your mortgage payment would run from $1,100 to $1,500. If that’s about what you’re spending on rent, you could purchase your own home today with no money out of pocket.


You only need a 640 credit score to qualify.

You may wonder about the extra $5,500 or $6,000 you would be responsible for after you get the grant money. Don’t worry - in most cases, we are able to get the seller to pay that so you can get into the home without putting any money down.

This program will get you a 30-year fixed rate home loan, whether you are using an FHA, VA, or USDA loan. Remember, this program gives you a grant, so you don’t have to repay the money from Home in 5 Advantage.

You only need a 640 credit score, which is pretty low. The maximum debt-to-income ratio allowed is 45%. If you’re not sure what yours is, call us and we can help you figure it out.

There is no first-time home buyer requirement for this program. You could be buying your second, third, fourth, or even fifth home and still qualify.

The maximum qualifying income is $88,000. If you are making more than that, you won’t necessarily qualify for this program. However, there are other programs available, such as FHA loans, which only require 5% down.

Finally, if you are active military or a veteran, the down payment assistance is increased to 6%.

If you have any questions about this program, now is the time to ask them. Take advantage of this program before the funding runs out. Give me a call or send me an email. I would be happy to help you!

Posted in Buyers
Aug. 8, 2016

How Bob and His Team Sold Joe’s Property

“I think Bob and his staff went above and beyond. We had several open houses in the first two months that our property was on the market. Bob and his sales staff manned the house every weekend and did an excellent job of displaying our property to the public. We had multiple offers on our property and at the end of the day were able to sell the home for a very satisfactory price. I would definitely recommend Bob to anyone considering listing their home for sale.”

Posted in Testimonials
June 6, 2016

Phoenix Summer 2016 Home Price Update

Want to sell your Phoenix Home? Get a FREE home value report

 Want to buy a Phoenix Home? Search all homes for sale


I have an important update for you about the value of your Phoenix home. If you’ve been following the news, the Federal Reserve is likely to raise interest rates when they meet on June 15th. It’s been all over the news these past few weeks.

This makes it more expensive for people to own a home by raising their mortgage payments. It also decreases your pool of buyers thus lowering your home value. Further, after a 6-year record run up in home prices since the 2008-2009 recession, this may be the last year to get the maximum price on your home sale.

It’s likely we’ll see a market correction next year.

Here in Phoenix, we’re still seeing neighborhoods with very tight inventory. This means if you list your home for sale, it will sell quickly and possibly above asking price. In other neighborhoods, sales are slowing down. Home prices are lower than they were last year, or leveling off.

This summer is the best year to sell your Phoenix home to get the maximum price.  

If you are thinking about selling your home, I have a special gift for you. I purchased all the recent Phoenix home sale data and put it on my website for you – for free. You can find out what your home is worth right now based on your neighbor’s recent home sale price.

Want to know what your home would sell for today? Enter your home address here to learn what price your Phoenix home is worth. (Yes, I paid money for this and it’s free to you. It’s the same information we as Realtors use to determine your initial asking price.)

Now, it’s an estimate. There are more factors - such as your kitchen, bathrooms, and improvements - that will certainly affect your final sales price.

If you’re thinking about selling your home, call me at (602)-909-5994 or reply back to my email.

With a few questions about your home, I’ll fill you in on what price it will sell for today at no charge.

We’ve worked with many home buyers recently and know exactly what people are looking for in the hottest homes.  My estimates are right on the money.

And not to worry - if you’re thinking about buying a new home, I’ll share with you the areas in Phoenix where home prices are now more affordable. You may be able to live in a nicer area you previously thought unaffordable.

I can also help you secure a low, fixed-rate mortgage without junk fees and with a minimal down payment. I’ll put you in touch with my best preferred lenders.

We’re coming up on the hottest home selling season we’ve seen in years. Our economy is normalizing, interest rates are rising, and pent-up demand following the 2008-2009 recession is less.

This is the summer to sell your Phoenix home.

So, I invite you to find out what your home will sell for with my home value report tool. It’s free to you.

You can also reply to my email or call me at (602)-909-5994. I’m happy to answer any questions you have about Phoenix real estate and I look forward to speaking with you.


Posted in Buyers
May 16, 2016

Don't Miss This Mortgage Update

Want to sell your Phoenix Home? Get a FREE home value report

 Want to buy a Phoenix Home? Search all homes for sale


If you have student loans, or you know someone with student loans, this is for you.

It will be more difficult for those with student loans to qualify for a mortgage after June 29th.

In short, low or deferred payments on an income-adjusted payback plan are currently not counted against you. After June 29th, that’s not the case anymore.

Lenders must use your real repayment amount, regardless if you can afford it, after June 29th, which may cause many, especially millennials, not to qualify for a mortgage.

If this applies to you, contact me to find out how much home you can afford before this goes into effect. It may raise the payment on your home if you qualify after June 29th.

I’ll put you in touch with a trusted lender who will get your paperwork done quickly.

Hurry! June 29th is the last day to register a Federal Housing Administration case number to fall under the current, more favorable student loan guidelines for mortgages.

Call me at 602-957-1583 or simply reply to my email if you have any questions.

You can also search all homes for sale in Phoenix, or if you’re thinking of selling your home, you can enter your property address here to find out what it’s worth based on recent home sale prices.

I just want to keep you updated on this change since I know it will affect many people.

I’ll have an update for you in the coming weeks with what’s happening with regard to home prices in Phoenix this summer. If you’re thinking of selling your home, we may be able to get a jump on the market. Let me know.

Posted in Market Updates
April 27, 2016

The Truth About Credit Score and Down Payment When Buying in Phoenix

Want to sell your Phoenix Home? Get a FREE home value report

 Want to buy a Phoenix Home? Search all homes for sale


I wanted to quickly address some major misconceptions about the Phoenix home buying market with you today. These are things that many potential homebuyers take as true, but simply aren’t.

The first is the thought that you need to put 20% down in order to purchase a home. This is just not true. You can actually get into a home for as little as 3% down with an FHA loan. In the Home in Five program, you can even put 0% down out of pocket by using a government grant program. 





The other big misconception out there is that you need this crazy high credit score of 750 or higher to purchase a home. In fact, I just read something today that said 54% of loans go to people with FICO scores between 600 and 750. Don’t let that scare you away!

If you’ve had a couple hiccups and your score is in the 600s, don’t be discouraged from buying a home! Give us a call or send us an email today and we’ll be happy to answer any questions or concerns you may have.


Posted in Buyers
Feb. 12, 2016

How Has the Year Started in Phoenix Real Estate?

Want to sell your Phoenix Home? Get a FREE home value report

 Want to buy a Phoenix Home? Search all homes for sale 



Today we want to give you a quick rundown of the Phoenix market at the beginning of the year for January. The latest statistics are in, and we’re excited to share them with you today. Overall, we are still in a seller’s market. These stats prove that fact:


  •   We currently have 22,000 active listings, compared to 24,000 at the same time last year. This is good news for sellers.
  •   Pending listings are up, but not by much. A 1% rise is all we’ve seen in the past year.
  •   Under contract listings are up as well. We currently have 9,300 compared to 8,800 in 2015.
  •   Monthly sales for January 2016 were 5,200, a big increase from the 4,750 we saw last January.
  •   The average sales price has risen, too. Homes now sell for an average of $139 per square foot, up from $131 last year.


I would call this more of a flat January than anything else. The market is good, but not as good as we thought it would be. However,

our team just had our best January on record, and we’re excited to see what the rest of the year has to bring.


If you have any questions for us or if we can do anything for you at all, give us a call or send us an email. We’d be glad to help out.

Posted in Market Updates
Jan. 22, 2016

What a Difference a Year Makes in Phoenix

Want to sell your Phoenix Home? Get a FREE home value report

 Want to buy a Phoenix Home? Search all homes for sale 


We are off and running in the new year here at Summit Home Consultants. We were busy throughout the holiday season and have been busy ever since, which is pretty unusual. Hopefully that’s a sign of good things to come. Today we just wanted to wrap up the year for you and go over some year-end numbers from 2015. By comparing them to the numbers we saw at the end of 2014, you can see just how much our market has improved this past year. 


We ended the year with 20,000 active listings. This figure is down about 11% from the 22,000 we saw last year. This is good news for sellers, as there isn't as much competition out there.


As for pending listings, right now we have almost 4,900 vs. the 4,400 we had at the end of 2015. This is another good sign that the market is getting healthier. 


Our monthly sales are up as well. This December, we sold about 6,500-6,600, which is up from 6,400 in December last year. Average sales prices are also up $130 per square foot from the end of last year.


Our days of inventory is down 20%, as homes aren’t sitting on the market as long. Annual sales rates are up 10% and the total days on market is down 10%, both are positive signs for the market. 


We are looking great heading into 2016. If you’ve ever thought about listing your home, I couldn’t think of a better time to do so. Interest rates are on the rise, so acting quickly is important if you’re looking to buy the best home possible. 


If you have any questions for us, feel free to give us a call or send us an email. We would love to hear from you!



Posted in Market Updates
Dec. 21, 2015

Spread Cheer This Holiday Season

Want to sell your Phoenix Home? Get a FREE home value report

Want to buy a Phoenix Home? Search all homes for sale


I wanted to take a moment to wish all my friends, clients, family, and the Phoenix community a happy holiday season. Thank you for another amazing year! We appreciate your continual support and repeated business year after year. We accomplished some things this year I never thought we could, and that’s all because of you!

Happy holidays! We’ll see you again in 2016.

Posted in Uncategorized