Answers to Today's Real Estate

Saturday, April 17, 2021

85254 Scottsdale Seller's Builder Play

Scottsdale has a hot zip code 85254. It’s Phoenix’s 90210 if you will. Its boundaries are west of Scottsdale Road, east of 64^th Street, north of Shea and south of Cactus. That’s super-hot and getting hotter. What is going on there is Builder’s are pushing over the old house to build a giant mansion. I call them the White Castle. They build giant white rectangles with flat roofs and sell them for 2.5 Mil.

These Builder’s are so desperate for lots over 24,000+ sqft, they have asked me to help find them lots. My Strategy is to approach a homeowner with a very old house and see if they wish to sell. The prices for lots right now are 700k – 850k depending on specific location within that square and the lot size.

If you are thinking about selling, now is the time. Why? The California exodus has created a Seller’s market. Homes are selling so fast, there is virtually no inventory. We have not had this market since 2005, 16 years ago. Smart Owners are selling now to take their profits off the table. The correction is coming, it has to. We just don’t know when.

I have successfully gotten these Owners top dollar with no commissions, no repairs and easy move out. I have successfully found them nicer, smaller homes (some wished to downsize) and they can pocket the difference. Think about that! Sell at 800k, buy at 250k, its nicer, easier to maintain than the big yard and keep the difference.

If you are thinking about selling, call me know. If you are thinking about listing, I do a flat $5,000 full-service listing. All yours for the asking. Either way, I can’t wait to speak with you.