What are seller concessions? A minute with The Real Estate Guy™Let's talk about money shall we? Seller concessions, what are they, how does it work and who benefits? First of all, it benefits everyone as it ensures costs are covered at the closing table for the buyer (maybe not all, but quite a bit can be covered).In my world of representing buyers (annually, if I close my normal of 40 transactions, I'd say 20 of those are home buyers, and I always ask for some love).So what is the "rule of thumb" for closing cost concessions? 3% for any FHA product and if the buyer is putting 10% down and using a conventional loan product, the same percentage applies.  So how does this affect the seller? Simple, it does take 3% away from their bottom line, but in a buyers market, most sellers (that get... 01/16/2023

Here is the most recent Tempe AZ Real Estate Housing Market Report for December 2022:  After decreasing for four straight months the average sales price of Tempe homes barely increased to end 2022, going from $538,715 in November to $539,099 this month. This is the third December that Tempe average home prices have increased.The average sold price per square foot of Tempe homes saw a nice little increase in December, going from $271/sf in November to $275/sf in December. This is the third out of the last four months that there has been an increase, but the overall trend over the last six months is still downward. After Tempe days on market reached an all-time low of 20 in May and June, it has increased six months in a row. Tempe DOM increased to 65 in December. Even with this increase t... 01/13/2023

Here is the most recent Tempe AZ Real Estate Housing Market Report for November 2022:  The average sales price of Tempe homes has decreased for the fourth straight month after increasing for eight months in a row and reaching an all-time high of $627,613 in July. Tempe average home prices have dropped since then to $538,715 in November.The average sold price per square foot of Tempe homes decreased in November after increasing the previous two months, going from $304/sf in October to $271/sf in November. After Tempe days on market reached an all-time low of 20 in May and June, it has increased five months in a row. Tempe DOM increased to 52 in November. Even with this increase to 52 DOM, homes in Tempe are still selling fast, but sales should slow down as the winter is traditionally the... 12/14/2022

Here is the most recent Tempe AZ Real Estate Housing Market Report for October 2022:  The average sales price of Tempe homes has decreased for the third straight month after increasing for eight months in a row and reaching an all-time high of $627,613 in July. Tempe average home prices dropped to $551,037 in October.The average sold price per square foot of Tempe homes increased for the second straight month after decreasing for three straight months, increasing from $301/sf in September to $304/sf in October. After Tempe days on market reached an all-time low of 20 in May and June, it has now increased four months in a row. Tempe DOM increased to 48 in October. Even with this increase to 48 DOM, homes in Tempe are still selling fast, but sales should slow down as the fall and winter a... 11/20/2022

Here is the most recent Tempe AZ Real Estate Housing Market Report for September 2022:  The average sales price of Tempe homes has decreased for the second straight month after increasing for eight months in a row and reaching an all-time high of $627,613 in July. Tempe average home prices dropped to $576,891 in September.The average sold price per square foot of Tempe homes increased this month after decreasing for the three straight months, increasing from $300/sf in August to $301/sf in September. After Tempe days on market reached an all-time low of 20 in May and June, it has now increased three months in a row. Tempe DOM increased to 44 in September. Even with this increase to 44 DOM, homes in Tempe are still selling fast, but should slow down as the fall and winter are traditional... 10/27/2022

Here is the most recent Tempe AZ Real Estate Housing Market Report for August 2022:  The average sales price of Tempe homes finally decreased after increasing for eight straight months and reaching an all-time high of $627,613 in July. Tempe average home prices dropped to $590,965 in August.The average sold price per square foot of Tempe homes decreased for the third straight month, dropping from an all-time high of $330/sf in May to $300/sf in August. After Tempe days on market reached an all-time low of 20 in May and June, it has now increased two months in a row. Tempe DOM increased to 37 in August. Even with this increase to 37 DOM, homes in Tempe are still selling fast.  Click on the image below to read the full article and see what is going on in the Tempe Arizona real estate mark... 09/20/2022

Here are ALWAYS UP TO DATE detached Tempe Arizona Homes For Sale on the MLS in September 2022. Tempe is immediately to the south of Scottsdale and is the home to Arizona State University and all that a major university brings including arts, music, dining, parks, shopping and more.  (Photo: Tempe Art Festival on Mill Avenue near Tempe Town Lake)Tempe Arizona Detached Homes For Sale on the MLS ALWAYS UP TO DATEFor a FULL PAGE view Tempe Arizona Homes For Sale and create your own ALWAYS UP TO DATE free MLS SEARCH PORTAL in Arizona to filter your searchArizona State University Campus in TempeLiving in the Phoenix Metro Area including Tempe and neighboring Scottsdale                 Information about living and buying a home in Phoenix metro area and Scottsdale described by Jeff Masich, REA... 09/11/2022

Here are today's detached Tempe Arizona Homes For Sale on the MLS for August 22, 2022 and ALWAYS UP TO DATE. Tempe is immediately to the south of Scottsdale and is the home to Arizona State University and all that a major university brings including arts, music, dining, parks, shopping and more. Tempe Arizona Detached Homes For Sale on the MLS ALWAYS UP TO DATEFor a FULL PAGE view Tempe Arizona Homes For Sale and create your own ALWAYS UP TO DATE free MLS SEARCH PORTAL in Arizona to filter your searchArizona State University Campus in TempeLiving in the Phoenix Metro Area including Tempe and neighboring Scottsdale                 Information about living and buying a home in Phoenix metro area and Scottsdale described by Jeff Masich, REALTOR®Meet Jeff Masich, your Arizona MAN CAVE REALT... 08/22/2022

Here is the most recent Tempe AZ Real Estate Housing Market Report for July 2022:  The average sales price of Tempe homes increased for the eighth straight month, moving from $501,611 in November of 2021 to a new all-time high of $627,613 in July.The average sold price per square foot of Tempe homes decreased for the second straight month, dropping from an all-time high of $330/sf in May to $311/sf in July. After Tempe days on market decreased two months in a row, the DOM increased to 25 in July. Even with this increase to 25 DOM, homes in Tempe are selling faster than they ever have.  Click on the image below to read the full article and see what is going on in the Tempe Arizona real estate market. Feel free to reach out to me if you have any questions about buying a home, selling your... 08/19/2022

Here is the most recent Tempe AZ Real Estate Housing Market Report for June 2022:  The average sales price of Tempe homes increased for the seventh straight month, moving from $501,611 in November of 2021 to a new all-time high of $615,471 in June.The average sold price per square foot of Tempe homes decreased for the first time since December of 2021, dropping from an all-time high of $330/sf in May to $322/sf in June. After increasing to 40 days on market in March, Tempe days on market decreased two months in a row. The DOM remained at the all-time low of 20 DOM for June, the same as it was in May. This shows that homes in Tempe are selling faster than they ever have before.  Click on the image below to read the full article and see what is going on in the Tempe Arizona real estate ma... 08/12/2022

Here are today's Tempe Arizona Homes For Sale for detached homes on the MLS for August 5, 2022 and always up to date. Tempe is immediately to the south of Scottsdale and is the home to Arizona State University and all that a major university brings including arts, music, dining, parks, shopping and more. (Photo: Tempe Festival Of The Arts)Tempe Arizona Detached Homes For Sale on the MLSFor a FULL PAGE view Tempe Arizona Homes For Sale and create your own free MLS SEARCH PORTAL in Arizona to filter your searchArizona State University Campus in TempeLiving in the Phoenix Metro Area and Scottsdale                 Information about living and buying a home in Phoenix metro area and Scottsdale desribed by Jeff Masich, REALTOR®Meet Jeff Masich, your Arizona MAN CAVE REALTOR® Meet Jeffrey Masi... 08/05/2022

Tempe AZ Home for Sale - 3 Bedroom Home in TempeThis home for Sale in Tempe was built in 1977 and is located just off the I-10 and Baseline Roads and features a refreshing swimming pool to keep cool this summer (and many more to come). A covered back patio with pavers invite you to the large backyard. This Tempe home for sale features 3 bedrooms and 1 bathroom with just over 1,300 square feet. The original one car garage was converted to living space to provide additional room for you to roam. The kitchen and bathroom have been updated, along with some of the flooring, making this Home with a swimming pool ideal for you to call home. Reach out NOW to set your private tour by calling, 602-321-6188 and simply ask for "The Real Estate Guy™" 07/12/2022

3 Bedroom 2 bath home for sale in Tempe - Tempe, AZ Home for SaleThis Tempe home for sale needs some love, as it was built in 1972 and most of the cosmetics reflect that decade! But, location is prime, just off Mill Ave and Southern, this nearly 1400 square foot home, on a 7500 plus sq. ft. lot can be yours for low price of $400k.  Tempe is home to the ASU Sun Devils, Tempe Beach Park and soon to be Arizona Coyotes. AC and Heater updated in 2020, and the plumbing had an upgrade to copper as well. Don't miss this Opportunity to own a home in Tempe pass you by, reach out today for a private showing.  07/02/2022

Here is the most recent Tempe AZ Real Estate Housing Market Report for May 2022:  The average sales price of Tempe homes increased for the sixth straight month, moving from $604,168 in April to a new all-time high of $612,663 in May.After remaining the same in February and March, at $303/sf, the average sold price per square foot of Tempe homes increased for the second straight month reaching a new all-time high of $330/sf in May. This is the fifth straight month the average sold price per square foot in Tempe, Arizona has increased. After increasing to 40 days on market in March, Tempe days on market has decreased two months in a row, as is now at a new all-time low of 20 DOM for May. This shows that homes in Tempe are selling faster than they ever have before.  Click on the image belo... 06/17/2022

Here is the most recent Tempe AZ Real Estate Housing Market Report for April 2022:  The average sales price of Tempe homes increased for the fifth straight month, moving from $577,248 in March to $604,168 in April. This is almost a $30,000 increase in one month, giving the average sales price of Tempe homes a new all-time high.After remaining the same in February and March, at $303/sf, the average sold price per square foot of Tempe homes increased in April to $325/sf. This is a new all-time high for the average sold price per square foot in Tempe, Arizona. After increasing to 40 days on market in March, Tempe days on market decreased in April down to 23. This is the lowest days on market in April since before 2018 and shows that homes in Tempe are still selling faster than normal.  Cli... 05/20/2022

Here is the most recent Tempe AZ Real Estate Housing Market Report for March 2022:  The average sales price of Tempe homes increased for the fourth straight month, moving from $565,980 in February to $577,839 in March. This is not as large of an increase as the last three months, but the average sales price of Tempe homes has reached a new all-time high.After increasing for two straight months, the average sold price per square foot of Tempe homes remained the same as last month. The average sold price in Tempe remains at the all-time high of $303/sf for March. After increasing to 50 days on market in December to end 2021, Tempe days on market decreased two months in a row, to a low of 29 for February, but jumped back up to 40 DOM for March. Days on market typically decrease during the ... 04/16/2022

Here is the most recent Tempe AZ Real Estate Housing Market Report for February 2022:  The average sales price of Tempe homes increased for the third straight month, moving from $531,413 in January to $565,980 in February. This is the largest increase in average sales price for February since before 2018. The average sales price of Tempe homes has reached a new all-time high, surpassing the previous high of $535,535 achieved back in June of 2021.The average sold price per square foot of Tempe homes also increased for the second straight month after experiencing a decrease in December to end 2021. The average sold price in Tempe increased from $294/sf in January to a new all-time high of $303/sf in February. After increasing to 50 days on market in December to end 2021, Tempe days on mar... 03/17/2022

Here is the most recent Tempe AZ Real Estate Housing Market Report for January 2022:  The average sales price of Tempe homes increased for the second straight month, moving from $514,944 in December to $531,413 in January of 2022. This is the fourth straight year that the average sales price of Tempe homes have increased in January to start off a new year. After seeing a few drops in the average sales price in the last part of 2021, the average sales price of Tempe homes is getting close to the all-time high of $535,535 achieved in June of 2021.The average sold price per square foot of Tempe homes also increased after decreasing the previous month. The average sold price in Tempe went from $289/sf in December to a new all-time high of $294/sf in January. After increasing from 32 to 50 d... 02/15/2022

Planned for a year, this first of it's kind Habitat for Humanity 3D printed home in Tempe, Arizona is about 85% complete!  This unique home will be very energy efficient and is achieving LEED Platinum certification,  US Green Building Council's highest awarded home.   The home features about 1800 square feet, 3 bedroom, 2 bath, and is across the street from a neighborhood park.  It's one of 4 homes being built on 19th Street;  land that was formerly owned by the City of Tempe.  Due to the pandemic and ensuing issues, construction that was originally set to start in January began in May, 2021.  As you can imagine, construction during the summer time in the Sonoran Desert is completed between 5 am and noon each day before temperatures sore. Since the home is built on a two foot slab and p... 02/02/2022

Here is the most recent Tempe AZ Real Estate Housing Market Report for December 2021:  The average sales price of Tempe homes increased in December after decreasing in November. The average sales price of Tempe homes ended the year on an upswing and is now at $514,944, still lower than the all-time high of $535,535 achieved in June of this year.At the same time, the average sold price per square foot decreased after increasing the previous two months. The average sold price went from an all-time high of $293/sf in November to $289/sf in December. After remaining the same as the month before in November, Tempe days on market shot up significantly to end the year. Days on market went from 32 DOM in November up to 50 DOM in December. Even though the trend has seen days on market increasin... 01/18/2022