ReZamp Real Estate: January 2015

Monday, January 19, 2015

Phoenix Area - Jan 2015 Stats - Optimistic Outlook

Here are the Jan 2015 ARMLS Stats.  Third and fourth quarter of 2014 was much better than the year prior.  I've been optimistic about the Phoenix Market this year and ARMLS agrees as well.  I will continue to buy at an aggressive pace.

My flips are moving at much quicker pace, and I'm selling for a nice premium.  Inventory has remained steady much of last year and I think sellers are now accustomed to the market.  In early 2014 they were hoping for the big pickup they saw in 2013, but it just was not there.
As long as interest rates stay low, we should see a strong year in real estate.

From ARMLS -   "People are feeling better about themselves. I feel it’s a safe bet to say 2015 sales volume will exceed 2014. I don’t think it will be the breakout year we've been awaiting, but in terms of sales volume, it will definitely be better. 

Based on information from Arizona Regional Multiple Listing Service for the period January 2014 to January 2015.  ARMLS Copyright 2015. 

Thursday, January 15, 2015

How to Rock your Remodel Designs

To stay on top of current trends, you need to hire a designer for your remodels.  I paid $1500 for a designer to go through and pick out all colors and material for my flips.  I will probably do it again in another month or two.  The result?  Every house is moving quickly and selling for 10K+ more than I thought.

If you think it's expensive to hire a professional to do the job, 
wait until you hire an amateur.
-Red Adair

As an example - here is the latest new remodel coming from ReZamp.  Purchased for $142,500 from the MLS.  I will try to push $250,000 as resale price.  The remodel uses our new design colors and cabinets.

Numbers look good if it sells quickly for full price:

What do you think?  Like the new design?