With many buyers tired of waiting on the sidelines for interest rates to drop, we've seen an uptick in activity in the first couple of months of 2024.Below is a recap of last month's market stats in comparison to the prior year regarding new listings, median sales price, days on market, pending sales and closed sales.New Listings for Detached Single Family HousesJan 2024 - 1,484 compared to 1,425 last January, up about 4.1%Feb 2024 - 1,345 compared to 1,334 last February, pretty much the same level of supply as last year.New Listings for Condos/TownhomesJan 2024 - 933 compared to 811 last January, up about 15%Feb 2024 - 851 compared to 735 last February, up about 15%Median Sales Price for Detached Single Family HousesJanuary 2024: $980,000 February 2024: $1,043,900 is the current median sales price last month for a house.

If something does need corrected, they will give you a couple weeks to make the changes and do a re-inspection, or you can tell them at that point you don't want to move forward with the program at that property and end everything there. 

Hi everyone! I am new to the real estate investing world. So far, I have worked in real estate in a variety of ways (as an agent, as a property manager, owning my own property), but never in the investing world. Outsi...

Then years later forget about it leading to you or lender spiking your escrow charge for a year costing you a couple thousand then you ask why and it's because of that then you redeem it after feeling the burn. 

Here are a couple other tips:- Describe each room with LONG descriptions with tons of details like mattress type and bedding quality.

Buying a brand new house is probably NOT going to work in this situation.

For the last couple years I have had losses on my tax returns from passive rental real estate activity.

I've been devouring any other resources I have been able find as well, to include all of Frank's podcast episodes, and a couple of others too.

I have a couple of ideas on how to approach the seller but I want to get your juices flowing and see what other creative ideas ya'll can come up with. 

I am a licensed real estate agent in Arizona (currently with eXp) and also own a couple of vacation rentals in Scottsdale that I manage myself.