All Forum Posts by: Christopher Stewart

 That's true to a point. Second considerations are which buyer is most likely able to complete a deal. And that's where the buyers agent is more or less incentivized to help the buyer close depending on how much they are getting paid...

@Shan Dey the tool has promise. Would like to understand better where you are pulling data from and how accurate it is. Maybe put that in the website somewhere.

Anybody with experience with fixed rate realtor/transaction fees in the few states they operate? 

I think it's pretty certain building materials will be rising pretty fast with global terror i mean global tariff war. The knock on effect will catch up to existing homes eventually. But builders will feel and absorb the immediate impact. This needs to be calculated in decision's to build ground up...

I have a property that has appreciated significantly since I bought it 4 years ago. I have lived in it 2+ years and rented it out 1.5 years and I originally thought I might convert it into a second home after I retire (7-10 years from now). But now realize despite an IDEAL location in North Scottsdale it's probably just too big to winter in for 3 months (3500 feet).  Its appreciated 600k in 2 years and now worth 1.7 million. But the cap rate is at 2.8% and being about 24 years old home and its "high end renters" is a continual expense for repairs and upgrades. It has a 300k 3% 30 year mortgage on it. So now I'm considering selling it before the 5 year mark and capture my 250k exemption on the sale. And then take all the profit off the table and reinvest the bulk of back in real estate (leveraged or otherwise) and take a little into the equity markets. I do need some cash flow from the investments for other unrelated projects. What am I missing here as I think through this?

 And this is why politicians don't make a lot of sense. They only give a rebate/tax credit on primary homes not rentals. But it's the rentals that are the least incentivized to go efficient and primary homes that are most incentivized. Seems absolutely backwards of how the credits should be given...

Yeah. crazy pricing these days. gotta love inflation. But back to my earlier question, any advantage to going with the Platinum AC replacement as a "selling point" for future renters? Or go with the Silver level and save me some money...

I've got a 3100 foot SFH rental with two different Heat Pump AC units, I think a 3 and 4 ton units. One of the units is about 15 years old and now needs a 1200 repair. The other unit is working but it's 25 years old and I'm told by the AC tech that the air handler blower motor and assembly is starting to fail and will cost 2500$ to repair. So I'm already starting to consider impounding some money to save up for just replacing the whole unit. There are different price ranges for replacement of heat pump split units that range from 5k-12k. Of course the more you pay the more efficient the units are. Since I am not paying for utilities on the rental, is there any reason to replace with a higher efficiency unit. I can't imagine that's going to be a big enough selling point for a renter to justify the higher cost?

 Fair, it seems the median for 85257 is closer to 550-600k these days, there are some nice pockets in 85257. Glad you are hitting it well out there. But I've got a few friends living in 500k neighborhoods there and you wouldn't want to leave anything outside that isn't chained up. Because it is going to walk off and has. So when I say rough, I just mean comparatively speaking. 

 Well not all Scottsdale locations are the same. South Scottsdale is pretty rough. Probably could buy something there for 400k. But travel 20 miles north to near Troon and Pinnacle Peak and properties are 1-10 million dollars. I think they want to pretend they are part of the 0.5% or something. But really it's one spouse that has all the complaints and the other seems to be the one talking reasonably with the property managers. Not sure what's going on there but I told the property manager moving forward to try and only deal with the reasonable one...

And they do seem way in the deep end of the pool with home ownership. So maybe this is their test and realize they better move back to a "simpler" place than the edge of the desert...