Bulldozer Bait: 100 year old house on Central Ave can be yours for $1.85M


Bulldozer removes the debris from demolition of old derelict buildingsNorth Central Phoenix, AZ – For some properties a buyer only needs bring a toothbrush, some are described as lock and leave, and some simply ask buyers to bring their bulldozer. The property located at 7019 N CENTRAL AVE, Phoenix, AZ 85020 is saying (in not so many words) bring your bulldozer or contractor.

The property which was built in 1918 after states hood sits off Central Ave and Glendale in the North Central Phoenix corridor. The property is being sold “as is “ with it needing a substantial amount of restoration and remodeling. According the Country Assessors the home is 2162 sf on a 52,000 +- sf or 1.2 acre lot right on Central Avenue. The house looks much larger than 2162 sf from the exterior. The current owner posted a demolition permit ready for a developer buyer. Karl Tunberg, listing agent says the demolition permit was posted just in case the future owner chooses to demolish the home, that way there is no red tape for them to jump through. 

Bulldozer bait - 100 year old house on Central Ave can be yours for $1.85M 1

Many residents, including myself would hate for the home to be torn down says Realtor Juan Pesqueira. I would hope the next buyer chooses to restore it. The other plan in the works is hoping the North Central Phoenix Homeowner’s Association (NCPHA) can save the home by getting it deemed as “historic.” 

Bulldozer bait - 100 year old house on Central Ave can be yours for $1.85M 4

From a Phoenix and resident standpoint, it should not be torn down because of its history and its character. From a buyer standpoint, the home at a minimum will need at least $500K in restoration or repairs but my gut tells me it could be closer to or much higher the $1,000,000. Add that to the current $1.85 million price tag and the deal makes no financial sense. Unless you are looking to sit on this property for a very long time.

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Central Phoenix is old money and the value for these properties is the land. This home sits on prime 1.2 acre real estate. Hopefully the NCPHA comes through and deems it “historic” or an investor who want to restore the 100 year old house buys the property. Either way it’s a sign of changing times in North Central Phoenix.

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BUY – it

Ravishing Al Beadle designed townhome in Arcadia with private pool & spa just listed…


Anything designed by architect Al Beadle rarely hits the market so when one pops up, we must showcase!

Located in the Arcadia hood of Phoenix, Arizona behind the BRIDGEWOOD NORTH gates in a private location. This One of a kind Al Beadle architectural townhouse  design features 3 bedrooms, 2 bathrooms, 1752 sf, 2-car carport, its own private pool – spa & deck, and has been fully updated. Calling all you architect aficionado, can be yours for just shy of $700K (asking price $699,900). A small price for livable art…

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Remarks – One of a kind architectural townhouse in the community of Bridgewood. Al Beadle designed units rarely come on the market in this community. Extremely private end unit, large backyard with well designed heated saltwater pool & spa and over 2,000 sqft tiled deck. Soaring ceilings and walls of glass. Unit is fully updated, including Milgard dual pane windows/doors, a 2 car private carport with storage. True indoor/outdoor flow and clean modern lines makes this a very desirable place to call home. Prime Arcadia location, walking distance to many restaurants including LGO, Chelsea’s, North and others. Master upstairs, guest suite downstairs. 3rd bedroom/Den/Loft upstairs.

Listing is with Launch Real Estate Jim Bruske & Gretchen Baumgardner

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Begin your townhome search at…

LAVISHPaDz.com

House Hunting in … Scottsdale… Phoenix… Paradise Valley


From a brand-new Icon Silverleaf Condo and a historic North central Phoenix estate to a golf course community in North Scottsdale such as Silverleaf, Troon, or Desert Mountain – let’s not forget Paradise Valley. There’s a plethora of choices in high-end homes or penthouses to choose from. Consider these 9 tips from luxury home pro Juan Pesqueira before house hunting and buying your dream home.

Auction planned for Carefree contemporary southwest architecture house with Award-Winning Landscape 10

9 Tip you need to know in 2019 before buying a luxury home in Scottsdale, Phoenix, Paradise Valley, or in the state of Arizona.

1. Work with a local expert.

“It’s critical to have a good buyer agent who is familiar with the area and inventory you want to buy in. There’s a bit more control on access to high-end properties in terms of fewer open houses and more appointments have to be made to see them.” Juan Pesqueira, Attorneys Realty. 

In the top luxury markets like LA, NY, or Miami luxury homes can be difficult to locate because of their exclusivity. Often, they don’t appear on multiple listing services (MLS) because owners want to safeguard their privacy. Here in Arizona that is not the case. Although we do see off market sales from time to time, most of the inventory ends up on the MLS or word of mouth. Word gets around when a buyer is looking for something unique say Juan Pesqueira. 

A Realtor becomes an adviser. Its always best to SET a buyer consultation APPOINTMENT NOW or soon, so you can feel good and know that the wheels are now in motion. Even if you are still 6 months to a 1 year out. 

2. LOCATION, LOCATION, LOCATION

Your dream home can quickly morph into a nightmare if you don’t carefully investigate its surroundings. It may be situated in an exclusive neighborhood that bumps up against a questionable area six blocks away (Arcadia vs Arcadia light – if you can afford buy in Arcadia (not light) ). Ask your agent what will happen to the area in the future. For example, is there a projected high rise or housing development that will obstruct your gorgeous views (old town Scottsdale has had issues with this)? Even if you’re eyeing a gated community, check out possible issues with the location.

Quick Luxury Home market update –

  • Scottsdale Luxury home prices starts around $1 million.
  • Phoenix Luxury home prices starts around $800K.
  • Paradise Valley Luxury home prices starts around $1.8 million.
  • Get familiar with names within the city of Phoenix such as Arcadia or The Biltmore.
  • For Scottsdale, Silverleaf carries its own weight due to the sky high prices (20-30 million+).

Therefore, a local expert like myself is key. They will educate you on different locations, lifestyles, values, and availability.

3. VIEW, VIEW, VIEW | Lifestyle, Lifestyle, Lifestyle

Arizona has some of the most beautiful landscape in the world. Ask yourself do you prefer city, mountain, desert, boulder or all? Do you prefer urban, desert, or rural areas? Do you want to back to a boulder, do you want sunset, sunrise, or both? Do you prefer urban or rural areas? Are you looking for a lock and leave condo or penthouse with luxury building amenities, 24-7 concierge/security, maybe a guard gated community, or large piece of land with your home? These are all questions and options that will come up, don’t worry you will figure it out.  

4. BUYING BASICS – Searching for luxury homes without getting pre-approved by a lender, if NOT PAYING CASH:

Do not mistake pre-approval by a lender with pre-qualification.  Pre-qualification, the first step toward being pre-approved, will point you in the right direction, giving you an idea of the price range of houses you can comfortably afford.  Pre-approval, however, means you become a cash buyer, making negotiations with the seller much easier. Some listing agents will not allow a showing without proof of funds or approval letter. Don’t take it personal, get approved, or be prepared to provide some type of proof. The only exception is if you are a well-known billionaire, millionaire, or celebrity (ex. Warren Buffet, Larry Fitzgerald, Kyle Jenner or any Kardashian, Bradley Cooper, etc.). The high-end market examines buyers under a microscope, so financial documentation is imperative to prove that you can afford a multi-million dollar home. This shows the seller whether you’ll need to obtain a loan or pay in cash. Cash is the favored luxery home payment.

5. Dress conferrable when viewing property during the Arizona SUMMER!

Its no secret that Arizona (Scottsdale, Phoenix, Paradise Valley) is hot in the summers (top out at 110+) and just perfect in the winters. If you are looking at property during the summer months, wear shorts, a cool shirt, and sandals because it will be hot. You will sweat, so bring water. For those who have never been here during the summer, it’s a dry heat. Feel free to do a test run and walk into your local gym’s sauna with clothes on. But don’t worry, everywhere you go is air conditioned. The mornings are best during summers, but evenings will have you catching the most amazing sunsets. During winters us locals like to dress like its below zero, don’t panic if you see me in a full bear skin coat during the summer – Just Kidding…

6. DON’T JUDGE A PROPERTY BY ITS PHOTOS

Pictures, brochures and video walk-throughs don’t duplicate the feeling of actually being in the home. Even if you have to travel across the country or visit from overseas, a personal viewing is imperative – after all, this is a huge purchase you’re making! Gauge the house’s appeal by visiting it several times at different times of day. My advice is scheduling a sunset showing!

7. Hire smart, reliable advisers.

“A Realtor won’t make the client’s decisions but will make suggestions. Pay attention to your financial planner, accountant, attorney, and Realtor that you trust. They should agree on what you should be doing and if they don’t, arrange a meeting.” ENSURE THAT THE HOME HAS EXCELLENT RESALE VALUE You must always consider a home’s resale value? Yes. Be certain that you can comfortably recoup what you spent on the house if you need to sell it. Again, a fantastic location with views to die for factors into this scenario. The home’s condition is also crucial to its salability. When you buy your first luxury home, you enter an elite realm of taste, refinement and dreams-come-true. However, you can’t just make an emotion-fueled plunge into this purchase. Preparation and restraint will help you discover a luxury house that truly is a home.

8. There’s always room to NEGOTIATE.

NOBODY EVERY TAKES THE 1ST OFFER! Whoever has the least to lose wins in negotiations. Some negotiations take longer than others. It’s not always about price, sometimes terms are more important. Have your agent research the comparable properties that have recently sold, getting closing prices, right before you make an offer. Have your agent feel out the other side. Ask questions why are they moving, if the property is vacant you know they are carrying costs, maybe they relocated. 

9. HAVE FUN AND ENJOY THE PROCESS…

Its not that difficult to buyer a property in Arizona. It will get emotional at times, the heat will not help, but you will be ok. If you find a home you love, buy it!

Multiple Listing Service for ARMLS: LAVISHPaDz.com

Scottsdale Official Tourism: https://www.experiencescottsdale.com/

Phoenix Official Tourism: https://www.visitphoenix.com/

Paradise Valley Official Tourism: https://www.visitarizona.com/cities/phoenix-and-central/paradise-valley/

Lifestyles and Listings: https://azluxuryhomeblog.com/lifestyle/ 

Contact me, I would love to show you the current Scottsdale, Paradise Valley, Phoenix luxury homes. Finding your new dream home is my job, so let’s take time to discuss what you are looking for in a home

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Juan Pesqueira

 

The Guide to Selling a Commercial Property in Phoenix, Arizona


Selling commercial real estate (building, land, apartment, multi-family, auto shop, retail, industrial, etc.) in the Phoenix, Scottsdale, Tempe areas or throughout Arizona is more complex than selling residential real estate, and the buyers of commercial property have a different mentality than those of residential homes. Buyers of residential housing tend to be concerned with the emotions of living in the home, while buyers of commercial property view the property as an investment vehicle designed to generate income or a location that best fits their business needs. If the numbers make sense, a bidding war is likely to occur. If the numbers do not make sense, the sale could take much longer than expected. And in all reality the commercial sales process takes much longer to complete vs a residential sales process.

The sales process for commercial properties is much more business-like, and the buyers tend to be much more sophisticated. They are interested in the numbers, and a detail professional marketing package including professional photos is crucial to present your property in the best light. The sales process looks something like this:

1. Seller’s Goals Analysis. This will be determined at the 1st meet. Most real estate brokerages assume that the sellers want all cash at closing. However, receiving all cash at closing may or may not be in your best interests. The first step I/we (Juan Pesqueira) take in selling a building in Phoenix, Scottsdale, Tempe or throughout Arizona when meeting with the seller or their reps is to determine your goals for selling it. 

My most recent commercial sale was 4502 – 4506 S Central Ave, Phoenix, AZ. Known as Larry’s Auto Service, an automotive shop on Central Avenue. The owners were looking to retire, after 40 years in the business, it was time. Our game plan was to price right! We sold it in 220 days.

The challenge we ran into was the south mountain light rail project, Phase 1 and Phase 2 environmental tests, and the shop (although well taken care of) was old.

1234Juan Pesqueira | Attorneys Realty

Going into a commercial listing consultation I/we ask questions such as: what are you trying to accomplish by selling the building? What are you going to do with the proceeds from the sale? Are you purchasing another building through a 1031 exchange, or are you planning on putting the cash in the bank? Are you more interested in getting a lump sum of cash at closing, or receiving monthly income without the hassles of property management (seller carryback)? Have you taken into consideration the capital gains implications for getting a lump sum of cash at closing? How much do you owe on the property? Is it a bank loan or a private note (seller carryback)? What are the terms? Is there a due on sale clause? All these questions are necessary to structure a customized transaction that will fit your needs.

2. Property Price. There are 5 ways to price a commercial property in Phoenix, Arizona.

  • Cost Approach: This valuation method considers the cost to rebuild the structure from scratch, taking into account the current cost of associated land, construction materials, and other costs that would be associated with the replacement of the existing structure. Cost approach is generally applied when appropriate comparable are difficult to locate, such as when the property contains relatively unique or specialized improvements, or when upgraded structures have added substantial value to the underlying land.
  • Sales Comparison Approach: Also known as the “market approach,” this method relies heavily upon recent sales data for comparable properties. By seeking recently sold buildings with similar properties from the same market area, a buyer hopes to ascertain a fair market value for the property in question. For example, a 12-unit apartment building might be compared to another that sold in the same neighborhood just a few months earlier. While this valuation method is typically used to value residential real estate, it does have one significant drawback. Depending on general and localized market conditions, it can be difficult to find recent comps that have similar properties.
  • Income Capitalization Approach: This valuation method is based primarily on the amount of income an investor can expect to derive from a particular property. That projected income could be derived in part from a comparison of other similar local properties, as well as from an expected decrease in maintenance costs. Say a building is purchased for $1 million, and the expected yield is 5 percent, based on local market research. That $50,000 per year in expected income could be enhanced by tightening inefficiencies, or by passing along other associated costs to the tenant, like electric or water usageAll expected future income is discounted to reflect present value. In addition to the three most commonly used valuation methods discussed above, there are several additional methods that can offer valuable insight for a potential investor.
  • Value Per Door: Occasionally used to value apartment buildings, this valuation method breaks down the building’s worth by the number of units. A building with 20 apartments priced at $4 million, for example, would be valued at $200,000 ‘per door’ irrespective of each unit’s size.
  • Value Per Gross Rent Multiplier: The Gross Rent Multiplier (GRM) is a back-of-the-envelope calculation used to measure and compare a property’s potential valuation by taking the price of the property and dividing it by its gross income. This method is generally used to identify properties with a low price relative to their market-based potential incomee.

3. Choosing the right commercial real estate agent and brokerage: There is no lack for commercial real estate agents, brokers, companies to choose from in the Phoenix, Arizona area. You have all sorts of choices for agents to brokers and companies (boutique, franchise, attorneys, etc.). Are you looking for a more personal approach or style, do you prefer a more business-like style approach. Once you have decided on the agent or broker you will be asked to sign a listing contract. These contracts vary in length, commission, and terms. Everything is negotiable but the typical is 6 mo. to a year+ and commission range from low 6% up to 10%. The more complex the sale/property the more expensive it will cost you when its all said and done. Also make sure the fee is paid at close of escrow not upfront. That way if your agent/broker or company does not sell the property, you owe nothing. Make sure to read the fine print in the contract.

4. brochure. The next step is for your agent/broker to create a professional marketing packet that shines and showcases the property right. Rather than giving the buyers information piece by piece, it makes the buyer’s purchase decision much easier by giving them all the information at once. Sometimes, the buyers need to be shown why your building is worth this much, and the marketing packet is the tool that sells your building to potential buyers.

5. Contact Qualified Buyers. Once the preparation is done, I/we begin to contact our database of qualified buyers. We also market your property across the nation through various means. Marketing commercial real estate is not like residential, there are only a few avenues online. It is not unusual for a buyer from out of State or out of country to purchase your building. Because financing is more complex with commercial property many of the buyers pay cash or would like some sort of carry back terms. Be open to creative financing but make sure the paperwork is handled correctly.

6. Interview Buyers. All buyers are interviewed to ensure that they have the proper background, resources, and interest to acquire and manage your building successfully. Many deals fall apart at the end because the buyers were not properly interviewed at the beginning. Juan Pesqueira and his team conduct an extensive interview on the qualifications of each buyer, so your time is not wasted by unqualified buyers.

7. Educate Buyers. Many buyers believe the 3 most important words in real estate are “location, location, location”. While the location is important, it is not the only factor buyers should be interested in. I/we believe the 3 most important words in real estate are “location, terms, and expandability”. It is sometimes necessary for us to educate the buyers and expand their vision, so they see the possibilities of your building. All it takes is a little education, and buyers can go from saying no to saying yes.

8. Sign Confidentiality Agreement. There are times when the owner wishes to keep the transaction confidential. If this is the case, the buyers must sign a Confidentiality Agreement, commonly known as a Non-Disclosure Agreement (NDA). This agreement protects the seller in the event of litigation.

9. Seller and Buyer Meeting. If the buyer is interested after reading the marketing packet, the next step is for the seller and buyer to meet in person. The broker will be present at this meeting, coach the seller on what to say, and steer the conversation in the right path.

10. Offer and counteroffer. The agent/broker will help the buyer draft up an offer, which can include the following: price, terms, earnest money, bank financing, seller financing, assignment, due diligence period, closing date, utility charges, seller’s disclosure, promissory note, deed of trust etc. The agent/broker will present all offers to the seller and facilitate the negotiation process to ensure that both parties get what they want. 

11. Acceptance and open escrow. 

  • Due diligence. Once the offer is accepted, the buyer will begin the due diligence process. The broker will facilitate the process to provide the buyer with the information he or she needs, while ensuring that the tenants do not know the building is for sale until the deal is closed.
  • Building inspection. Chances are the building needs to be inspected by an inspector, engineer, appraiser, general contractor, and various sub-contractors. Juan Pesqueira can be a great resource for the buyer in this process, which increases the likelihood of the deal going to closing.
  • Negotiation with Bankers. The professional marketing package on the building is not only a tool to show buyers, but also an important tool to convince bankers to finance the deal. Bankers like it when they have all the information they need presented in an orderly manner. Juan Pesqueira assist the buyers in getting financed so the deal is more likely to close.
  • Waiver of Contingencies. Once the due diligence period is over, the buyer cannot back out from the deal without forfeiting the earnest money.
  • Closing at escrow. Having a good escrow agent is important because it will make closing a smooth, pleasant, and organized process. Having a good broker at closing is also important, because the broker can smooth out the process should emotions ever run high at the closing table.

Finding buyers for commercial property

There are numerous means of finding a buyer for your commercial property in Phoenix, Scottsdale, Tempe, or throughout Arizona. It all starts with showcasing/highlighting the property in the best light. Professional photography, brochure (tell a story or give its history is helpful), and attention to detail is half the battle. LoopNet.com and CoStar.com are the #1 online listing platforms, commercial broker meetings are a must, networking, social media, blogs, etc. Because a buyer might not be local or even outside the U.S, you should try to advertise the property in different languages and different countries.

The most recent commercial deal we did, our buyer only spoke Spanish, paid cash, and was coming from Mexico City. I/We are bilingual in English and Spanish – Juan Pesqueira | Attorneys Realty

Seller expectations

Most of your agents/brokers work will be done outside the property. Broker to broker networking and presentations. Taking calls from other agents, brokers, and potential buyers. As the seller you should also prepare your property to be shown, keep it clean, and answer questions. Don’t try to hide anything, disclose, and work with your agent/broker not against. I/We keep our sellers in the loop, we send out a weekly update email, and every month meet face to face or speak over the phone for a more personalized update.

How a Commercial Agents Are Paid

Juan Pesqueira is success commission-based agent.  What this means is that if the building is not sold, I do not get paid.  This encourages me to work harder to get your property sold. 

Your next step is to decide if you want to sell your property.  We invite you to do one of two things:

  1. Free Property Price and consultation. Have a confidential meeting with me to find out the price of your property in today’s market.  There is no charge for this service, and you are not obligated in any way to use our services.
  2. You can reach Juan Pesqueira – Attorneys Realty at 480.458.8007 (This cell does not have a voice message so if I dont pick up leave a detailed message), call my office 480.767.6900, of shoot me an email: Pesqueira2@cox.net.1234

High Life: Take A Peek Inside The Most Luxurious & largest PENTHOUSE in The Residences @ 2211 E Camelback..


The largest PENTHOUSE in The Residences @ 2211 E. Camelback which spans over 6,500 Sq. Ft. high above the city with gorgeous views in almost every direction has gone on the market for $3.1 million.

take a peek inside the most luxurious & largest penthouse in the residences @ 2211 e. camelback.. 9

The property features 5 Bedrooms, 5 ½ Baths, a Media Room, a Large Great Room perfect for entertaining, and 5 parking spots.

take a peek inside the most luxurious & largest penthouse in the residences @ 2211 e. camelback.. 8

The master suites walk in closet was designed to accommodate the most extensive & discerning wardrobe you could imagine.

take a peek inside the most luxurious & largest penthouse in the residences @ 2211 e. camelback.. 5

Sitting 12 stores high makes the Multiple Patio views of the Mountains & City to die for!

take a peek inside the most luxurious & largest penthouse in the residences @ 2211 e. camelback.. 3

The Residences at 2211 comes with 24hr security, Concierge, Complimentary Valet Parking for guests, Rooftop pool, & Workout facilities with a full locker room.

Asking: $3,100,000

take a peek inside the most luxurious & largest penthouse in the residences @ 2211 e. camelback.. 10

The family selling this fabulous penthouse is very well known, can you guess……

Maverick. ” I feel the need …

“Goose: “… the need for speed!”

 

The listing is held with The Marsh Partners.

Click HERE to see all RESIDENCES AT 2211 CAMELBACK CONDOMINIUM for sale

The 7 most expensive Penthouses & Luxury Condos Sales in Arizona 2018 are…


For past two years, Scottsdale Waterfront Residences & Two Biltmore Estates has dominated the list of the most expensive Penthouses sold— And this year is no different. But we have a new player in the game, The Villas at Mountain Shadows and Enclave at Borgata. Both these “Brand New” developments are located in Paradise Valley and came in at #4 and #5 on the list with sales prices between $2.6-2.7 milliion.  

Without further ado, let’s take a look at the 7 most expensive penthouses and high-rise condos in Arizona.

1. PH 1202 – Scottsdale Waterfront Residences | $3,450,000 – 3,363 sf

The 7 most expensive penthouses & luxury condos sales in Arizona 2018 are

The Scoop: BEAUTIFUL PENTHOUSE WITH EXTRAORDINARY VIEWS. EXCEPTIONAL 2 BEDROOM, 2.5 BATHROOM, 3,363 SQFT CONDO AT THE LUXURIOUS, AND IDEALLY LOCATED, SCOTTSDALE WATERFRONT RESIDENCES. GORGEOUS CAMELBACK MOUNTAIN AND SUNSET VIEWS, HUGE BALCONY, OFFICE, LARGE GOURMET KITCHEN, OPEN SPLIT FLOOR PLAN, WOOD AND STONE FLOORING, AND CARPETED BEDROOMS. THIS EXCEPTIONAL TOWER OFFERS 24 HOUR SECURITY, CONCIERGE & VALET SERVICES, FITNESS CENTER, BREATHTAKING ROOFTOP POOL, SPA, AND CLUB ROOM WITH FIREPLACES, READING NOOKS, AND AREAS TO RELAX AND ENTERTAIN. ALL THIS WITHIN A COMFORTABLE WALKING DISTANCE OF FASHION SQUARE MALL, OLD TOWN SCOTTSDALE, AND THE MANY FINE RESTAURANTS, BOUTIQUES, ART GALLERIES, AND AREAS OF ENTERTAINMENT.

2. PH 1004 – Scottsdale Waterfront Residences | $3,200,000 – 2,975 sf

The 7 most expensive penthouses & luxury condos sales in Arizona 2018 are 1

The Scoop: This one of a kind 3-bedroom 3.5 bath unit at the Scottsdale Waterfront boosts beautiful views in every direction. The unit wraps around the entire southern end of the building overlooking the canal and Papago Mountains to the South, Red Rock, Four Peaks and Superstition Mountains to the east and Camelback Mountain to the west. This beautiful unit has two balconies, east and south. The homes pristine condition features an optimal flow and split floor plan. The home has a many custom feature that include upgraded flooring, granite counter tops, a European designed built in bar, kitchen, book shelves, all with every detail attended to. Private parties can be held in the entertainment room with preparation in the Chef’s kitchen. Make sure to take in the majestic views from the roof top pool and spa. All within walking distance to premier shopping, galleries, restaurants, nightlife and waterfront fitness. This home is too good to miss.

3. PH 210 – Two Biltmore Estates | $2,748,000 – 4,817 sf

The 7 most expensive penthouses & luxury condos sales in Arizona 2018 are 2

The Scoop: This brand new, luxury condominium has unbeatable views across the Biltmore golf course and the Phoenix skyline. The home features 12-foot ceilings with 3 en-suite bedrooms, a separate office and large scale living and media/entertaining areas. With over 4800 sf, three balconies and impeccable finishes and materials, there is nothing like this home currently on the market. Fantastic wood floors throughout the home, marble slabs covering counters, walls and floors, commercial grade appliances and high-end fixtures. The highly desirable lock and leave lifestyle literally within the grounds of the World-renowned Arizona Biltmore Resort. This brand-new home is the last developer unit and has the best views in the community.

4. 5493 E Valley Vista Ln – VILLAS AT MOUNTAIN SHADOWS | $2,735,178 – 3,615 sf

The 7 most expensive penthouses & luxury condos sales in Arizona 2018 are 3

The Scoop: Luxury New Villa at Mountain Shadows Resort Paradise Valley location. Enjoy resort living w/ full amenities at adjacent resort combined with distinct architectural designs. Enjoy views from 800+ sq. ft. outdoor deck. This Villa has 20 ft. high entry foyer with private elevator/stairs to living level. Luxurious designer features include, Wolf combo dual fuel range oven and microwave, Sub Zero refrigerator, Asko dishwasher, Zephyr hood,10 ft. high ceilings, 9 ft. bi-fold doors to deck,9 ft. bi-fold from master suite to deck, indoor/outdoor fireplaces, 3-bedroom, 3.5-bathroom, 2 car private driveway, 2 car private attached garage, 24 hr guarded entry, & more!

5. PH A4002 – Enclave at Borgata Condominium | $2,650,000 – 4,120 sf

The 7 most expensive penthouses & luxury condos sales in Arizona 2018 are 4

The Scoop: Fantastic customized penthouse residence at The Enclave at Borgata, Scottsdale’s newest luxury condominium community. This home features a grand scale great room with a huge balcony and outstanding views, 10-foot ceilings, fantastic kitchen with walk-in pantry and a den/office with beautiful custom built-ins and millwork. The spacious master suite has a bright and beautiful marble bathroom and another large balcony. The home features another en suite guest room plus a large attached guest suite with separate entrance and a kitchenette. Home also includes a private 3 car garage within the garage! Luxury amenities include a gated entrance, resident services coordinators, club room, outdoor fireplace and gardens, heated pool and spa, dog park, fully-equipped fitness studio and a walking path.

6. PH 203 – VILLAS AT MOUNTAIN SHADOWS | $2,466,787 – 3,620 sf

The 7 most expensive penthouses & luxury condos sales in Arizona 2018 are 5

The Scoop:  Luxury New Villa with iconic Camelback Mountain views in Mountain Shadows Resort Paradise Valley location. Enjoy resort living w/ full amenities at adjacent resort combined with distinct architectural designs and indoor living extending to 800+ sq.ft. Outdoor deck by 9 ft high bi-fold doors. Enjoy views of Camelback Mountain and Piestawa Mtn while looking over the golf course. This Villa has 20 ft high entry with private elevator/stairs to living level. Luxurious designer features include, Custom flooring and countertops, Wolf combo dual fuel range oven, steam oven and microwave, Sub Zero refrigerator, Asko dishwasher, Zephyr hood,10 ft high ceilings, indoor/outdoor fireplaces, 3 bedroom, 3.5-bathroom, 2 car driveway, 2 car garage 24 hr guarded entry, & more!

7. 6168 N Las Brisas Dr – VILLAS AT MOUNTAIN SHADOWS | $2,298,000 – 3,615 sf

The 7 most expensive penthouses & luxury condos sales in Arizona 2018 are 6

The Scoop: Luxury New Villa with iconic Camelback Mountain views in Mountain Shadows Resort Paradise Valley location. Enjoy resort living w/ full amenities at adjacent resort combined with distinct architectural designs. Enjoy views of Camelback Mountain and Piestewa Mtn while looking over the golf course from 800+ sq. ft. Outdoor deck. This Villa has 20 ft. high entry foyer with private elevator/stairs to living level. Luxurious designer features include, Custom flooring and countertops, Wolf combo dual fuel range oven, steam oven and microwave, Sub Zero refrigerator, wine storage cabinet, 2 Asko dishwashers, 48” Zephyr hood,9 ft. bi-fold doors to deck, 10 ft. high ceilings, indoor/outdoor fireplaces, 3 bedroom, 3.5 bathroom, 2 car driveway, 2 car attached garage, 24 hr. guarded entry, & more

Luxury penthouses and high-rise condos in recent years have become the crème of the Phoenix-Scottsdale real estate market, especially in urban areas. Hence, when we speak of the most expensive penthouses for sale, one is immediately flooded with images of grandeur that is befitting the rich and the affluent. Most of these luxury condominiums and condos are spread across some of the most desirables valley locations, offering not only a lavish and comfortable lifestyle, but also breathtaking views of the cities they are located in. From Scottsdale to Phoenix to Paradise Valley, these luxuries real estate provide their occupants or owners with the most astounding features and desirable amenities to make their opulent lifestyles all the more luxurious. If you are looking to live the Penthouse lifestyle, downsizing, or relocating to Phoenix – Scottsdale – Paradise Valley areas let me (Luxury Realtor Juan Pesqueira) help you find your lifestyle property…

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Luxury penthouses and high-rise condos for sale

Inside/Outside David and Gladys “Frank Lloyd Wright” house, $13M iconic Arizona design


frank lloyd wright house phoenix 3
Livable art and a Frank Lloyd wright original!

Location: 5212 E EXETER BLVD, Phoenix (Arcadia), AZ 85018

  • Specs: 3 bedrooms, 4 baths, 2553 sf
  • Asking: $12,950,000

This is an original Frank Lloyd Wright design created for Mr. Frank Lloyd Wright’s son and his wife (per yahoo). This iconic design was completed in 1952 and sits on 9.5 acres of one of the most prime real estate locations in Phoenix, Arizona aka Arcadia.

HISTORY: In 2012, the property was threatened with demolition before owner Zach Rawling purchased it for $2.4M. After establishing the nonprofit David & Gladys Wright Home Foundation, Rawling worked tirelessly to preserve the house, first as a proposed museum and later as part of a donation to the School of Architecture at Taliesin. But neighbors opposed the plans, battling zoning changes and the crowds that might come with a tourist destination. – Mansion Global

The property features sweeping views of camelback mountain, concrete block construction (very rare), a pool, and guest house. The estate has been partially updated, but requires additional rehabilitations, including necessary structural and electrical repairs (SOLD AS IS) per listing agent – Robert J Hassett

If you love art, appreciate architecture, and in the market for something unique this home checks all the boxes. So it needs a little work and some people will not see the value here, but that’s what makes it attractive. I considered this property the Mona Lisa of homes says agent Juan Pesqueira. This is a very rare property, there is nothing (zero) like this home anywhere in the world. Rare and scarce equal value so if you’re a real estate aficionado who is looking for a trophy property to add to your portfolio you cannot go wrong with this one! The right buyer, who is willing to update but keep original will only increase its value. This is not a buy and flip but a buy and hold. We have/are already seeing record-breaking sales and list prices within the past year. Buyers are flocking here from all over the world and because of that prices will continue to go up, so will a very rare and unique homes like this… Juan Pesqueira

check out other Frank Lloyd Wright home designs and inspired in Arizona

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7 Oops for NOT selling a Luxury Home | Scottsdale, Arizona 


07_golf2Selling your Luxury home in Scottsdale, (Paradise Valley and Phoenix) Arizona is a complicated and hot (no pun intended) process.  It’s natural to feel overwhelmed by the magnitude of details involved, but the experience can be very manageable—and educational! —when broken down into its component parts and plotted out into steps.  The following is a list of common pitfalls/mistakes encountered during the luxury home-selling process.  Use these as a guide to help your journey remain a smooth one. 

Did you know that only 60% of homes with $1,000,000+ price tag sells? The odds are not that great. Most luxury home sellers will go through a couple of agents before they finally sell their property. And most luxury home take 6 months to a year+ to get sold says luxury home realtor Juan Pesqueira

Mistake #1. Faulty Pricing:

It is essential you determine the asking price of your home based on its market value.  Too many times home-sellers let emotions or needs influence their asking price, drawing from numbers based on the price paid for the house originally, or the amount of money they’ve invested in the home.  This mistake may prove to be a costly one.  If your home is priced significantly higher than what the market is bearing at the time, prospective buyers interested in your style of home will reject it for larger homes listed at the same price.  And, those buyers who do see your house may have significantly higher expectations than what you have to offer.  Ironically, over-pricing your home actually increases the chances that your home will sell for less than it is worth.  Driving prospective buyers away will increase the amount of time your home stays on the market, which raises an additional red flag for buyers.  They become wary of the reasons your home has not sold, thinking, “If no one else has bought it, there must be something wrong with it.”  The bottom line:  price it correctly, and they will come.

Be vigilant, too, of pricing your home too low:  a lack of market value awareness could result in selling your home for much less than it’s worth.

Advice from Juan Pesqueira – Let me add a little more. Let’s keep in 100 here

  • 9 out of 10 times the reason a house or real estate does not sell is because its overpriced or you timed the market wrong.
  • There are some homes/properties so unique it will demand the highest asking price. This home has the potential to break a record or command the highest list/sales price. You might own the largest or most expensive home in the neighborhood or city and no comps exist. This is when its OK to over price the market, its ok to demand the highest list price, but understand that it could take months or years to sell so be patient. Records are meant to be broken…

Mistake #2. Neglecting to showcase your home:

Take the time to ensure you’re offering the best possible first impression of your home to buyers.  A few improvements done to your home before placing it on the market can increase the chances of selling quickly, and for more money.  When buyers spot an area of your home in need of repair, they consider this perceived cost when deciding upon an offer price—if they haven’t already been scared away.  And since buyers often aren’t sure about the cost involved for repairs, they will create a larger margin for error in their asking price.  Sellers are always better off dealing with these repairs themselves. In addition to taking care of fix-ups, make sure the house is clean and welcoming, and the yard is well-groomed.

Mistake #3. Choosing the wrong Realtor:

Many sellers choose the realtor who tells them the highest asking price or lists/sells the most listings.  This should never be the sole basis on which you choose a realtor—you must have confidence in the full spectrum of your realtor’s experience and abilities.  Keep the following questions in mind: can this agent explain to you all aspects of the selling process?  Does s/he have a good grasp of the market?  Does s/he have access to a large pool of buyers and a marketing plan to attract them?  An experienced realtor will usually cost the same as an inexperienced realtor and holding out for experience could mean more security that your ultimate home-selling goals will be attained. 

Advice from Juan Pesqueira – Let me add a little more. 

  • You are hiring the agent, not the brokerage. Will the brokerage answer you calls late at night, weekends, or during non-business hours? NO, the agent will. Don’t shy away from agents in small or boutique style real estate brokerages. Some of the top agents choose the smaller companies due to commission splits or loyalty to the broker. You do have some heavy hitters with large brokerages like Sotheby’s, the agency, Re/Max, etc. Brand awareness is important but focus on the individual agent you interview. 
  • Don’t judge a book by its cover, maybe the best agent is not the one driving the luxury car or carries the most listings. Some agents had to start at the bottom, not all of us are born into the business or had the money to market to the higher end buyers/sellers. Take it as a privilege or compliment to be their 1st luxury home client. You never know, they could be the next Walt Danley, Robert Joffe, Joan Levinson, etc.
  • Ask yourself this when this when you interview your next agent, “how the hell did this guy get to be interviewed by me to list my home, how is he sitting in front of me? If this agent is new (not a friend or family) or some outsider that might not sell many high-end real estates, then he must be doing something right just to be interviewed by you. He somehow got your attention, give him/her a shot. What’s the worst that can happen? The property sells…

Mistake #4 Trying to “Hard Sell” During Showing:

Buying a home can be an emotional and stressful decision, and potential home-buyers don’t want to feel pressured when viewing a home.  So, let your home speak for itself.  Allow potential home-buyers to comfortably view the house and property.  Don’t try haggling or pointing out every improvement you’ve made.  Good realtors let buyers discover the house for themselves, only pointing out features they’re sure will be of interest and being receptive to any questions the buyers might have.

Mistaking #5. “looky loos” for “Buyers”:

Some people who look at your home may not be serious about buying.  Many who view homes may just be getting a feel for the market, gathering ideas for “showcasing” their own home, or even just looking for decorating tips.  Of the people who are looking to buy, those who do not come through a realtor can be 6 to 12 months away from buying. They may still be in the process of selling their own home or saving money for a new one.

An experienced realtor is trained to separate the “Lookers” from the “Buyers.”  Realtors should usually establish a potential buyer’s savings, credit rating, and purchasing power.  If your realtor hasn’t looked into a buyer’s financial background, you should take the time to investigate.  This will save you valuable time in marketing toward the wrong people.

Mistake #6. Limiting the marketing and advertising of the property:

A good Realtor will ensure that your property is showcased and marketed in the best, most effective manner possible, employing a wide spectrum of marketing techniques.  He or she should be committed to selling your property, making the effort to distinguish your home from the hundreds of other homes on the market.  Most calls are received—and viewings scheduled—during business hours, so your realtor should be available to field these calls from prospective buyers.  Lack of realtor availability, limited viewing times, not allowing a “For Sale” sign on your front lawn, can all affect the exposure your home gets to the pool of potential buyers, and will ultimately affect your bottom line.

Mistake #7. Being unaware of your rights and responsibilities:

It is essential that you are thoroughly aware of the details involved in your real estate contract.  These contracts are often complex—but no matter how confusing and convoluted the language, the contract is legally binding.  As you soon as you sign your name, you are responsible for all of its contents.  Not knowing your responsibilities could cost you thousands in repairs and inspections.  Have an experienced realtor explain the contract to you, or get your lawyer to review it, before you accept.

Berridge-010

 

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DONT MAKE THESE 7 OPPS WHEN SELLING, CONTACT JUAN PESQUEIRA FOR A LISTING CONSULTATION.

8930 # Raintree Drive Scottsdale Az 85260

Attorneys Realty | C: 480.458.8007 | O: 480.767.6900

E: LavishPadBoutique@gmail.com

 

Luxury Vintage commercial auto shop with many Possibilities in Central Phoenix seeks $500K.


4502 - 4506 s Central Ave - Commercial RE (5)

If there ever was a property that embodied the age-old real estate adage, “Location, location, location,” it would be this one.

In fact, Owners Larry & Marry Marshal believe their strategically located commercial property at 4506 S Central Avenue, Phoenix, AZ, offers endless possibilities.

The couple, who have owned the property for 40+ years and have run a successful Auto Shop Business known to many as Larry’s Auto Service for all 40 years have decided to put up their Vintage Auto Mechanic/Shop building for sale. “We have run our business effectively out of here for over 40 years. And with no less than 5 stars reviews which include honest/trustworthy work, great pricing, and efficient service shows how Larry’s Auto Service has been a successful auto shop for 40 years. After 40 years of running and owning the business, its time to enjoy retirement, and get the property up for sale.

Priced at $500,000 the property boasts 4,900 +/-  square feet, which includes 3 different parcels (4502, 4504, and 4506 S Central Avenue, Phoenix, AZ) totaling 20,368 sf / .47-acre lot being sold as one. Taxes for the year are approximately $6,183.

4502 - 4506 s Central Ave - Commercial RE (57)

The Solid block old school auto mechanic/shop building has Central Avenue frontage of 180 feet +/-. Highly traffic location, with easy access/exit for any business who operates in this location. It features 12 ft ceilings, wired with three phase electricity including air compressor. Three single post inground lifts, three post twin inground lifts, fronted alignment rack, plus ample room for work benches and tool boxes. The shop entrance has a pull through, one sliding door (north side) and 10ft roll up door (south side). Access to both front and back locks through the shop or through both gates. Back lot has attached steel canopy covering three lifts. The shop also has a waiting room, public & private restroom, employee breakroom, compressor room, office, and 8 camera security system in place. The back office has separate entrance.

4502 - 4506 s Central Ave - Commercial RE (43)

The property is classified as C-3 zoning per city of Phoenix which allows for many uses/developments. The current building is turnkey for a car repair shop business owner/end user. It’s also an excellent opportunity for a rental income producer or for future development. The two lots to the south of the subject are owned by city of Phoenix in which have expressed they would like to sell.

The Marshals said a real selling point of their property is its location on Central Avenue with Central Avenue frontage and proximity to everything. There is also a lot of future development in the works, anyone who is looking to the future would get a great investment as the city continues to build/develop and Central Phoenix is a popular location.

4502 - 4506 s Central Ave - Commercial RE (15)

I love these old school buildings says agent Juan Pesqueira, I hope the new owner is an Auto mechanic who changes nothing because these old school buildings are becoming scarce in the city. Its good to keep things original. This is an old school man/women’s type auto shop, don’t bring those electric toys here, trucks, vintage cars, Shelby mustangs, and so on…

4506 S CENTRAL AVE, Phoenix, AZ 85040 6

The building was built in 1946, the Marshals purchased in 1988. Before owning the property, it was a transmission shop, Red Rooster bar, and Bashas grocery store. Like the Marshals, all these businesses come and go, and all good things come to an end. Asking price of $500,000 is a bargain says agent Juan Pesqueira…

– Property Listing – BROCHUREVirtual Tour

For more information, to view, or tour this vintage commercial property for sale please contact Real estate agent Juan Pesqueira.

 

9 DO’s and Do NOT’S when Buying Investment Properties in Phoenix-Scottsdale-Tempe, Arizona


Are you looking to buy investment properties in the greater Phoenix – Scottsdale – Tempe – Paradise Valley market?

Aerial-of-Canal-Art-in-Scottsdale

The valley of the Sun is smart place to invest your money whether you’ve been buying homes, condos, and apartments to rent in this area for a while, buying your retirement home and leasing till you move in, or you’re looking to add to your financial portfolio horizons in the desert of Arizona.

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Before you commit to a place within the Valley of the Sun, however, there’s several things you should and should not do to make the best moves. Here are (Juan Pesqueira Realtor and Appraiser) 9 do’s and don’ts when buying investment properties in Phoenix to enjoy the benefits and avoid the pitfalls of joining the real estate game in Arizona.

The 5 Dos when Buying Investment Properties in the Phoenix metro, Scottsdale, Tempe, and throughout Maricopa County.

If you’re interested in using real estate to increase your personal capital, the available properties in Phoenix, Scottsdale, Tempe, Paradise Valley area can be sound investments. The combination of lower interest rates and the potential for the resale values of said properties to grow over time sets the stage for return on investments that could work out in your favor.

Before you take a chance on reaping the benefits of successful investment properties in Arizona, nevertheless, you should learn as much as you can about real estate in this area. It’s easy to dish out million dollars for properties in and around Phoenix, so keep these do’s in mind when looking for the right investment property for you…

1. HIRE A REALTOR and APPRAISER

REALTORS® are known for helping people buy and sell real estate, but much of what a REALTOR® actually does to earn their commission happens behind the scenes. A good REALTOR® will make your real estate transaction flow smoothly through each step of the process, leaving the impression that their job is fairly simple… https://lightersideofrealestate.com/real-estate-life/agent-life/what-does-a-realtor-do-to-earn-their-commission

An appraisal is a professional appraiser’s opinion of value. The preparation of an appraisal involves research into appropriate market areas; the assembly and analysis of information pertinent to a property; and the knowledge, experience, and professional judgment of the appraiser. https://www.appraisalinstitute.org/appraisal-profession/

2. CONSIDER THE TAX BENEFITS

The first thing you should do when buying investment properties in Phoenix, Scottsdale, Tempe is considering the tax benefits (including 1031 exchange). With the income you’ll make from the property in mind, think about interest, taxes and insurance, while also focusing on things like losses against your income and wear and tear that you can deduct later on. The tax advantages can also include benefits like selling one rental property and using the funds to pay for another one without paying steep taxes on your profit. 

If you’re pursuing tax breaks through investment property in Phoenix, Scottsdale, Tempe, finally, make sure you’re well versed in the advantages and disadvantages of both Arizona’s property and income taxes. This is an are you should consult with your accountant.

3. TAKE PROPERTY TYPE INTO ACCOUNT

The second thing you should think about when investing in rental properties in the Valley of the Sun is taking property type into account. Once you’ve decided that you’re in the market for a rental property, 2nd home, vacation home, or retirement home. Do some homework on the sort of property that will help you reach your goals, while taking the city’s attractions and other amenities into consideration.

For example: Tempe (Home to Arizona State University #1 largest university in the country) is a college town, your #1 renter will be a college student with parents money for the most part. Condominiums and homes are great but consider the type of renter (college student). Full disclosure, I went to ASU, and boy we beat the shit out of the dorm room and our apartment unit. Consider damage when calculating cap rates.

Old town Scottsdale and Scottsdale in general is great for snowbird and young professionals renters. This area is also great for seasonal and Airbnb type rental.

Downtown Phoenix also gets college students because of ASU downtown campus but also business professionals, families, etc.

Maybe your looking for your future retirement property in North Scottsdale, Paradise Valley, Phoenix early on in life. You can easily rent out for the time being to cover cost and buy down the mortgage. You’re ready to retire and move (if not payed cash) financially you’ll be better off.

Millennials are buying property and renting a part of your residence to save money. Vacation homes and condominiums is another way to generate extra income. If you’re focusing on the Phoenix area, think about attractions like Arizona State University, golf courses, Old Town Scottsdale, Downtown Phoenix, Fashion Square Mall, Sky Harbor airport, Sports team locations (Arizona Diamondbacks, Phoenix Suns, Arizona Cardinals) and concert venues, and others that cater to the city’s tourists, families, and retirees.

4. BE AWARE OF THE CHANGING ECONOMIC LANDSCAPE

Be aware of the changing economic landscape in the Phoenix metro area. In addition to learning about Arizona’s real estate scene, get ahead of the game by thinking about the industries establishing themselves in Phoenix, Scottsdale, Tempe or in Maricopa County. Consider how your property could appeal to renters who work for these up-and-coming companies. Due to our inexpensive real estate and city tax benefits some major teck companies, finance companies, and insurance jobs, are relocating to Phoenix. According to our Governor of Arizona Doug Ducey “we are open for business” …

BBC News recently published an article about how financial firms—looking for a place to thrive—are saying, “Goodbye New York, Hello Arizona.” The story notes that, over the 12 months leading to March 2017, hiring for finance and insurance jobs in Arizona grew faster than any other state in the country:

All this can lead to lucrative investment properties if you play your cards right. A sound investment is offering housing close to the area’s for these thriving employers. This is an opportunity to take advantage of booming industries in the area and make business savvy decisions in Phoenix.

5. GO WITH YOUR GUT!

When the market crashed many investors left the Phoenix, Scottsdale, Tempe real estate market. Some went bankrupt, others choose to leave. During this time buyers were scared to buy investment properties. Some investment properties were as low as $60K – $100K and the luxury market dipped as low as $600K-$999K. Today those smart investors that went with their gut are reaping the rewards. The $60K – $100K properties are now valued at $190K – $250K and the $600K-$999K are now valued at $1.2M – $2M+. to quote Warren Buffet as an investor it is wise to be “Fearful when others are greedy and greedy when others are fearful.” 

The 4 DO NOT when Buying Investment Properties throughout Phoenix, Arizona

If you know what to do when spending money on Phoenix real estate, avert setbacks by also knowing what not to do when searching and buying investment properties. The drawbacks associated with buying investment properties often stem from financial issues and tax problems.

It’s easy to think you’ve found a golden property and then wind up with difficulties. Therefore, it’s best to understand the risks before you dive head first into this competitive real estate landscape. Real estate rental properties are not ideal financial moves for everyone in Phoenix, so make sure these don’ts – don’t end up costing you in the long-term.

6.    DON’T UNDERESTIMATE THE RESPONSIBILITIES ASSOCIATED WITH BEING A LANDLORD

Because valley locals pay high rents, they will want a landlord who is available immediately when issues arise, while also expecting more from their landlord in day-to-day life (See landlord tenant act). The responsibility of managing an extra property requires you to commit time and expend energy to make sure small repairs are completed around the property and your tenants are taken care of regularly. When you’re ready and willing to become a landlord here, consider how it might affect your day to day life. A GOOD PROPERTY MANAGER can take away this stress.

7.    CRUCH NUMBERS – ONCE…TWICE…THREE TIMES+

The 2nd thing included in the do’s and dont’s when buying investment properties in the Phoenix, Scottsdale, Tempe area is not slacking when computing the numbers. There are easy-to-use tools like online mortgage calculators at your disposal, your REALTOR, or an APPRAISER. Be sure to take advantage of these resources to estimate your future housing costs with the information you have about your current finances and how they relate to your properties of interest.

Costs, down payments, and taxes are as essential as insurance and interest rates, so don’t skimp on the details when figuring out the amount you should expect to pay each month. Take the time to see if buying an investment property in Arizona makes sense for you this year. You can make an informed move or avoid a detrimental one now for smart investment practices that will work out in your favor later on.

8.    RESEARCH LOCAL REAL ESTATE TRENDS & SPECIFIC PRoperty characteristics

When investing in rental properties in the Valley of the Sun, DO NOT forget to research local real estate trends. Even though you are working closely with a Realtor, an Appraiser, advisor of some sorts. And don’t forget to pay attention to property characteristics such as zoning & zoning laws, encroachments, building codes, HOAs, etc. while looking for rentals. The property characteristics will affect the property when its time to sell for a profit and reap your rewards. Also Having proper knowledge of local neighborhoods will help you in your search for a spot, especially when you consider schools, transportation, and recreation.

Given that tenants will be drawn to locations with ample shopping and dining opportunities, focus on up-and-coming communities, as well as ones that have been thriving in Phoenix for a while to refine your search and find hidden gems.

9.    GET EMOTIONAL and stick to the end game

The final thing you should make sure to remember when investing in rental properties in Phoenix is keep emotions out of the process and remember this is an investment! Unless your buying a retirement property, its best to stick to your numbers and game plan.

Are Looking to or considering buying an investment or retirement property in the Phoenix, Scottsdale, Tempe, or throughout Maricopa County? Contact TOP Realtor. Appraiser. Consultant Juan Pesqueira with Attorneys Realty – lets chat real estate investing and retirement what you are looking for…

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WORK WITH JUAN – CONTACT HERE…

  • 8930 # Raintree Drive Scottsdale Az 85260
  • Attorneys Realty | C: 480.458.8007 | O: 480.767.6900
  • E: LavishPadBoutique@gmail.com

Top Realtor® guide SELLING an OUT-of-STATE property in Arizona from afar…


Trying to sell a house in Phoenix, Scottsdale, Tempe or throughout Arizona is tough enough, and if you’re selling a home from out of state, it can be damn near scary but in reality its It’s Easy As Pie…

Whether you’ve had to relocate because of a new job, are selling a second home or investment property, or are trying to settle the estate of a former relative, a few simple steps can help you to sell your Arizona property quickly and avoid carrying costs for property that you’re not living in.

The goal to selling home or condominium from out of state is to get the best price for your property in a reasonable period of time. You don’t want to sit or toy with the market for too long.

If you take the time to address these crucial areas before you carry on with your life in another state, you’re likely to secure a sale quickly—so you’re not carrying multiple mortgages or paying for upkeep on an empty property.

1234STEP #1 Choose REALTOR® Juan Pesqueira.

Don’t go at it alone, that’s crazy! You must hire a REALTOR, who will be responsible for showing and marketing the home, making sure all legal paperwork is complete and timelines are in order, checking on it in your absence, possibly hiring contractors to handle upgrades and repairs, and ensuring there is a smooth sales transaction.

STEP #2 THE PRICE IS RIGHT!

Because you’re trying to sell the home or condo quickly and achieve the highest possible price, it’s important to price the home right (Market value) rather than test the market with a high figure and take price cuts later. Although full disclosure some properties benefit using the price high, take price cuts. This will be part of the market evaluation Juan Pesqueira does. Although we want to sell quickly, I don’t want to leave money on the table.

Rely on your agent (Juan Pesqueira) to look at the home and advise you on how best to price it after looking at comparable home sales, doing a full market analysis, and tapping into your agents market knowledge. This will determine how long the home will remain on the market at that price compared to other price points.

STEP 3. De-CLUTTER, clean up, GET SHOW READY.

This should be step #1 and its always best to have another set of eyes (Your REALTOR) go through the home first. As REALTORS we deal with buyers, see a lot of property, and know what buyers will say or think before entering.

Today’s Buyers want a home that looks move-in ready. That means you’ll need to make sure the place is clean and free of clutter. Get rid of all the crap, remove all personal property, make it smell good.  

If you need to use an auction company, hold a garage sale, and hire professional cleaner to get the most value – do so.

Every buyer will get a home inspection during the inspection period. If you know of any major issues, its best to let your agent know upfront (as you will need to fill out the SPDS – Seller property disclosure statements). Be sure to make any necessary home repairs and don’t ignore cosmetic upgrades. If you do, be prepared to make them, or give a price drop/credit during inspections.  Although you don’t need to renovate the entire home, it’ll help to fix major problems, have the home professionally cleaned and repainted.

With that in mind, before you skip town, you might want to hire an on-call handyman to address last-minute repairs who can accept online payments.

STEP 4. SEX SELLS and in real estate it’s necessary!

Scottsdale Real Estate

Once you have everything in its place and are ready to show off your home OR condominium, do so with professional photos (This is covered by your real estate agent Juan Pesqueira). Virtual reality is the new selling trend, a 3-D floor plan, aerial photography and video, or walkthrough video will enhance your property online and allow buyers to check it out from their living room. In the luxury real estate world this is mandatory as your buyer can be outside the state or country.

A professional photographer will know how to best capture your home’s SEXIEST features. Especially now that many potential home buyers start shopping online, professional photos can enhance your listing.

You’d be surprised how many potential home buyers are turned off by horrible photos, bad lighting, etc.

If you live in Canada, California, New York, or anywhere in the country (but not in Arizona) and trying to sell your property in Arizona – whether it be an Investment, luxury home, penthouse, doing a 1031 exchange, condominium, land, multi-family, etc. and looking to put your property on the market, i can help.  It’s Easy & Simple. This is a full service listing we offer to out of state sellers.

How is the process done?  Easy, if there is a way for us to have access to the property all documents for listing and selling the property can be completed via email (DocuSign) or scan.   We will also send you showing reports and market updates throughout the process.  Juan Pesqueira is ALWAYS available by phone (Text and Call) or email to answer any questions or concerns you may have.

If you are considering placing your property on the market, please don’t hesitate to contact Juan Pesqueira or give me a shout.

New & Sleek all White Modern Sanctuary in Phoenix-Arcadia seeks $2.3M


New & Sleek all White Modern Sanctuary in Phoenix-Arcadia seeks $2.3M 4

Today’s HouseOfTheDay takes us to Marion Estates in Phoenix, Arizona 85018. With Camelback Mountain to the east. Paradise Valley to the north, The Biltmore to the west, and Arcadia to the South – the perfect location for the perfect home.

New & Sleek all White Modern Sanctuary in Phoenix-Arcadia seeks $2.3M 2

Clean lines and a 45”retractable floor to ceiling glass wall to your courtyard pool just a few impressive features. The home is 4 bedrooms, 4.5 bathrooms + den, with custom chef’s kitchen, close to 4000 sf, sprawls over half acre lot, and of course camelback views. it is an entertainer dream and can be yours for $2,295,000.

The home is listed with Russell Black/Midland Real Estate Alliance

AZLHBlog | a Guide to the Hottest Luxury Arizona Homes & Penthouses!