Gotta love the fall in Cave Creek Arizona! 

Time to get outdoors and have some fun!

You don’t want to miss these fun events:

Taste of Cave Creek (www.tasteofcavecreek.com):

Saturday, October 15 & Sunday, October 16 from 11 a.m. – 5 p.m. at Cave Creek’s Stagecoach Village, 7100 E. Cave Creek Road, Cave Creek Arizona

Featuring 20+ Cave Creek area restaurants • Fine art exhibit and sale from select Sonoran Arts League members • Desert Foothills Film Festival Showings • Wine tastings • Craft beer garden and tastings • Live country and rock music and much more

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 Cave Creek Wicked (www.cavecreekwicked.com):

Sat. Oct. 29th, 2011, Family Events 11:00am – 4:00pm, Adult Costume Contest & Bar Crawl 6:30pm – 2:00am

Cave Creek Wicked is almost here! Watch this site for updates on haunted maze, family day on the streets, pet costume, horse costume, kids costume contests and pub crawl in the evening. Plan your costume and get ready to get Wicked!  Cave Creek Wicked map

Wild West Days (www.wildwestdayscavecreek.com):

November 3rd, 4th, 5th & 6th 2011, schedule of events

There’s something for everyone from the oldest to the youngest Cowboy and Cowgirl during Wild West Days.

Bring the whole family out to Cave Creek, Arizona during the 4-day Wild West Days celebration in the historic Western Town of Cave Creek, Arizona, located just north of Scottsdale and Phoenix, Arizona.  This year, in its 9th annual celebration, Wild West Days has also decided to support the Luv Shack Ranch Horse Rescue, the Desert Foothills Community Association (DFCA),  the International Rett Syndrome Foundation, and the 100 Club of Arizona, as its main charities. In addition, the event will provide charitable support to the many horse-related organizations throughout our community which do so much to preserve our independent Western lifestyle.

Hope to see you at these fun events in Cave Creek, AZ!

Courtesy of ARMLS Aug 2011

THE ARMLS PENDING PRICE INDEX™

The ARMLS Pending Price Index (PPI) is a metric unique to ARMLS which focuses on pending sales in the MLS system.   By focusing on pending prices of properties yet to close, ARMLS is able to forecast pricing trends ninety days into the future. Naturally the predictive accuracy diminishes with time as fewer properties make up the pending pool.

The PPI scorecard last month was off by 3.4%, predicting an average sales price for July of $158,200: the actual was $152,800.  The median of $112,000 predicted last month came in only 1.79% off the mark at $110,000.

This month’s prediction calls for a slight rise in the median sales price to $110,000 in Au-gust, followed by a decline to $105,000 in September and a drop again to $98,000 in October.  The median sales price has not dropped below $100,000 this decade, but the market seems to be edging closer and closer to that benchmark. The average sales price predicted for the next ninety days is downward for all three months: $152,800 for August, $144,700 for September and $134,900 in October.

The overall impression is that pricing is going to continue to languish.  It took many months to get to where we are, and unfortunately, it will take many months to climb back.

PPI SUPPLEMENT

The PPI Supplement spotlights the number of pending contracts added to the MLS system in the current month. Data represents the average and median pending sales prices as well as units and their percentage of the total pending units for June in each specific price range.

Data is graphically presented in four month increments so that the reader is alerted to changes in the behavior of properties in given price ranges over time.  July pendings showed an uptick in the below $50,000, $100,000-$150,000 and $200,000-$250,000 ranges.  Metrics for properties above $500,000 are delivered in chart format only. As the market recovers we should observe an increasing percentage of pendings in the higher ranges. Over time such sales will eventually move the actual median and average sales prices to higher levels.

COMMENTARY

A recap of STAT’s good news this month focuses on the six day drop in days on market, continued ebb in the new listing flow, decline in the total inventory pool and the steep, steady downward trajectory of foreclosures pending, all supportive of the coming recovery.   Disappointing, yet no surprise, is the state of Valley pricing which remains singularly lackluster.  The ARMLS PPI predictions forecast more of the same for the next ninety days, with average pricing in the $152,800 to $134,900 range and median pricing hovering in the $110,000 to $98,000 range.  At the recent REAL ESATE FORWARD event, sponsored by ARMLS and the Phoenix Business Journal, panelist Michael Orr, Founder and President of The Cromford Report, perhaps said it best: “Pricing right now is like driving across Kansas and trying to find the lowest point.”

Looking around the country it is not hard to find cities whose median prices actually make the Valley’s look good.  A recent CNN Money report listed cities with low median prices, such Lancing, Michigan ($64,400), Toledo, Ohio ($64,900), South Bend, Indiana ($68,700), Akron, Ohio ($74,900), Ocala, Florida ($75,400), Dayton, Ohio ($78,000), Cumberland, Maryland ($80,700), Grand Rapids, Michigan ($81,100) and Decatur, Illinois ($81,300)1, reminding us that our pricing dilemma could look worse.

STAT has reported for many months that jobs are the key to recovery.  Dr. Ted Jones, Chief Economist for Stewart Title Guaranty Company, provided the national perspective at REAL ES-TATE FORWARD.  He reported that the label “a jobless recovery” attached to the current economy is an oxymoron.  Jones reasoned that without jobs there can be no recovery. The Valley lost 220,000 jobs since July 2007 and gained only 5,000 in May.2 At this pace, recovery is 4-5 years off, if the population remains at 2011 levels.  Jones reported that we need 1.25-1.5 jobs per housing unit to return to normal.

ARMLS is now tracking weekly Valley new job postings on the three major career websites, Ca-reer.com, Monster.com, and Jobing.com. A graph of the postings is available each Saturday morning in its new publication, ARMLS REWIND, a weekly recap of news and emails from the pre-ceding week. This metric will serve as a barometer to anticipate job growth.

Other panelists at REAL ESTATE FORWARD counseled that now is not the time to buy just one house, but rather two or three.  The current affordability of the Valley’s housing market is unprecedented, and for those with the cash and the credit to act, the investment is sound and bound to pay off in the future. For now many factors are affecting jobs over which we have no control, e.g., oil prices, acts of God, general business confidence, etc.  All panelists predicted 2013-2014 when asked when they expected the Valley to recover. We can hardly wait!

1 http://money.cnn.com/galleries/2011/real_estate/1105/gallery.cheapest_housing_markets/ 2 Bureau of Labor Statistics

A Pricing Perspective Courtesy of WAVE – The ARMLS Magazine Aug/Sept 2011

The addition of the Supplement in the June issue of STAT™ to the Pending Price Index (PPI) adds a new perspective to the Valley pricing. It forecasts how prices are changing in monthly increments over four succeeding months, enabling Subscribers to watch, albeit in slow motion, pricing in recovery.

While the industry standard for tracking prices is the rise and fall of average and median prices, the PPI Supplement tracks the average and median price in specific price ranges added each month to pending sales. By grouping the most current four month data, it is possible to watch each price range shift in the dominance hierarchy.

In reality, the pricing pattern as a result of the recession, has shifted to the left of the price range scale. To illustrate the shift, Figure 1 and Figure 2 depict the distribution of sold properties per price range for 2004 to 2011, respectively. We chose to illustrate the shift using sold properties because pending data for 2004 is not available. Since 2004 was the last year before the 2005-2007 boom, and represented a healthy market, it was the ideal year to illustrate the pricing shift.

The gray scale bars in Figure 1 depict the distribution of sales per price range for January, February, April and May of 2004. During this time the predominance of homes sold were in the $100,001-$150,000 range, followed by $150,001-$200,000, and then by $50,001-$100,000. Here most of the action (~58%) is in the range from $50,000-$250,000. Even back in 2004, as is the case in 2011, activity in the ranges above $500,000 was only a small market percentage.

The red scale bars in Figure 2 shows the same month span for 2011 with the majority of units sold to be in $50,001-$100,000 range, followed by the $50,000 and under and then $100,001-$150,000. Most of the action(~68%) is $150,000 and below.

As pricing rights itself, expect the percent of homes in the higher ranges to increase, shifting the pricing pattern to the right.

Watch the PPI Supplement each month in STAT to monitor the shift.

WAVE – the ARMLS magazine August / September 2011

Contributor – Chris Heagerty, Director –Communication, Professional and Business Development

SHADOW INVENTORY Courtesy of WAVE – The ARMLS Magazine Aug/Sept 2011

A look at lender owned sales and lender owned listings does not tell the full distressed property story, because there are still properties not on the market lurking in the shadows.

Since the onset of the Great Recession, shadow inventory has cast a pall of fear over an already troubled market. A shadow, like its namesake inventory, morphs to appear greater than its physical counterpart. Because shadow inventory is unseen, it remains ill- defined and a source of angst.

The shadow inventory label itself is continually reinvented. Some define the shadow as properties whose mortgages are at some stage of delinquency or foreclosure and have not hit the market. Others, such as Standard & Poor’s, only include loans that were packaged and sold as securities by Wall Street, and do not have a guarantee from government-sponsored entities such as Fannie Mae or Freddie Mac .1 Corelogic estimates current shadow inventory by calculating the number of distressed properties not listed on multiple listing services that are either a minimum of 90-days delinquent, in foreclo-sure or in real estate-owned status.2 Others include properties with negative equity mortgages, i.e., that are “upside down,” reasoning that those mortgages have a high likelihood of foreclosure eventually. The variations are vast, and com-plicate estimations of the shadow inventory’s size.

The purest definition of shadow inventory begins with trustee deeds, where the trustee has taken back the property from the original borrower. It then subtracts trustee deeds purchased by a third party before the property is acquired by the lender. The remainder is acquired by a lender, and those properties are either listed for sale, or held in inventory for an indefinite period. (Figure 1 depicts trustee deeds acquired monthly for the Valley, third party sales and trustee deeds acquired by lenders since 2009.)

The difference between what the lender acquires and what is listed, plus any accumulated lender retained inventory, is the shadow inventory in the truest sense. The Cromford Report indicates that the Valley’s residential shadow inventory has remained relatively steady in the 8,000 range since well before November, 2010. In Figure 2, the monthly additions to shadow inventory sits in the spread between the blue line, representing the trustee deeds acquired by lenders, and the green line, representing lender and HUD listings.

Comparing disparate estimates of shadow inventory becomes problematic unless there is a uniform definition used by all. In the broadest and most pessimistic sense, any property in distress sits in the shadow and could wend its way into the market. Lenders, though, prefer not to be in the property liquidation business. Thus all inventory they acquire will eventually be added to the market and influence the supply and demand balance. The good news is that trustee deeds acquired by lenders are trending downward and at some point all of this property will come out of the shadow and be absorbed. (Figure 3 shows Lender Sales compared to the Lender Trustee Deed and Lender Listings.)

1 http://blogs.wsj.com/developments/2011/02/01/sp-modifications-and-slower-foreclosures-shrink-shadow-inventory/

2 http://www.housingwire.com/2011/06/22/corelogic-puts-shadow-inventory-at-1-7-million-units

Figure 1-3  – Data Source: The Cromford Report

Daily Real Estate News  |  June 17, 2011 

‘Compact Housing’ Needed for Population Shift
The U.S. population is projected to grow by 150 million within the next 40 years and “more compact, mixed-use development” is needed to handle the growth and changing demands, Patrick Phillips, CEO for the Urban Land Institute, told an audience at the National Association of Real Estate Editors annual conference this week.

“The design and development of urban areas will be radically different in the decades ahead,” he said. “We are seeing a push to make our cities more livable and sustainable.”

One-person households are the fastest-growing type of household, he noted. Also, younger generations, in buyer preference surveys, are placing a higher value on the sense of community and are willing to swap extra space for convenience.

An urban renaissance has been taking place with neighborhoods that are near urban centers becoming more desirable, Phillips said.
 

Source: “Population Growth to Drive More Compact Housing,” Inman News (June 16, 2011)

Phoenix Metropolitan Area – Recent News and Commentary courtesy of  The Cromford Report

Market Summary for the Beginning of June 2011

It feels almost like the inverse of 2005.

In the second half of 2005, supply rose dramatically but no-one seemed to take any notice. There was a widely believed myth that prices could never go down. Between March 31, 2005 and June 30, 2006, active listings rose from 8,394 to 45,729 (up 445%) creating a huge glut of homes for sale. Yet average sales prices continued to rise throughout this period, up 28.6% from $146.98 to $189.05 per sq. ft. Meanwhile demand fell 16.5%, with sales per month dropping from 8,490 to 7,093. It was as if everyone believed the laws of supply and demand no longer applied. Of course we found out by 2007 that supply and demand really did matter and the bubble burst explosively in 2008 causing untold damage to the economy and family finances.

It’s a question of timing. Supply and demand do control pricing, but in real estate there is a very long time delay between cause and effect. That timing can be extended even further by sentiment. In 2005 sentiment was off-the-charts positive – “irrational exuberance” ruled the roost and caused people to make decisions that in hindsight look crazy. Not just homeowners and developers, but especially lenders and the investors who fueled the credit surplus. Those few of us who tried to warn people in early 2006 that prices would fall dramatically were treated a bit like Harold Camping predicting the end times.

The opposite seems to be happening now. Sentiment is very negative. Everyone seems convinced that prices can only fall further, yet demand is rising and supply has been falling like a rock dropped off a cliff for 6 months now. It comes down to one simple fact: people believe what they want to believe. The facts do not exert a significant influence.

Here at the Cromford Report, we only deal with facts and figures, not beliefs, so here is the market update.

Sales – We are currently recording 9,814 sales in May. This is up 3.5% over April and up 10% over May 2010. This is a very strong sales total because in May 2011 sales are not being boosted by the government bribe (sorry, tax credit) that applied in 2010 for buyers of owner-occupied homes.

Pending Sales – At 13,268 on June 1, pending sales are down 0.4% compared with May 1 but up 6.7% compared with June 1, 2010. Again an extremely strong indicator of demand. In 2010 demand fell sharply during the summer after the tax credit expired, but there is no sign so far that the same will happen in 2011.

Active Listings – At 31,346 on June 1, active listings are 9.4% below May 1 and 23.3% below June 1, 2010. Supply is clearly falling fast. However this understates the situation because a large proportion of the active listings already have a contract against them. In fact there were 7,737 AWC (active with contingent contract) listings as of June 1, 2.6% higher than the very high level we saw on June 1, 2010. If we exclude these AWC listings, we have only 23,609 active listings, down 12.7% in a month and down 28.8% compared with last year. This is almost 60% down from the peak of October 2007.

Supply Versus Demand – The average months supply (active listings divided by monthly sales rate) for the period Jan 1, 2001 to June 1, 2011 is 5.9 months. Right now we have a 3.2 month supply. Yet we read everywhere that there is a “glut of foreclosed home on the market”. What we are reading may have been true in November last year. It is not true now. In fact available supply is really even tighter than this. If we only count active listings that don’t have a contract the months supply number drops to just 2.4 months. Anyone who thinks this is a “glut” is not living in the real world. They should just ask anyone who is actually trying to buy a home right now. Competition is intense, and not just for bank-owned homes and trustee sales. It is also heating up for short sales and normal listings. If you are trying to buy a home that is at all desirable and is priced at market or below, expect multiple bids. If you are a seller, then you only need to price realistically and your home well sell quickly.

(All the above numeric information is for “all areas & types” within ARMLS.)

Records Being Set

In Maricopa County, May saw the largest ever number of distressed homes disappear from inventory. Pending foreclosures fell by 3,394 homes while REO inventory fell by 971 residential properties.

For Maricopa County, May gave us the highest ever percentage of out-of-state buyers. 29.9% of sales went to non-Arizona residents. The average between January 1999 and May 2011 was 11.9%. The absolute count was also a record – 2,648 homes sold to out-of-state buyers. The average since Jan 1999 is 1,446.

For Maricopa County, May saw the highest ever number of foreclosures selling direct to third parties at the courthouse steps. The record set was 1,476, 33% of all the trustee sales.

Paradise Valley

Exceptionally strong market activity is occurring in Paradise Valley where sales are now averaging 52 per month compared with 31 last year at this time. Inventory is down to 319 from a peak of 581 in April 2009 when sales were averaging only 9 per month.

Prices

After a bump upwards between mid April and mid May, average sales price per sq. ft. is back down a little at the beginning of June. Although we are still some 2% to 3% above the market bottom in January and February this year, in most places prices have not yet responded to the huge changes in supply and demand. Why not? Please refer to what happened in 2005, but with everything upside down. The rules of supply and demand have not been lifted. Of course, you don’t have to believe me, but please don’t say I didn’t warn you.

Every single city is showing a negative trend comparing last year with this year. However the picture is much more mixed when we compare this quarter with the one before it.

We can draw the following conclusions:

1. The recent $/SF trend is positive in cities with more expensive housing (over $70 per sq. ft), including
   • Fountain Hills
   • Rio Verde
   • Carefree
   • Gold Canyon
   • New River
   • Tempe
   • Goodyear
   • Phoenix
   • Anthem
   • Paradise Valley
   • Litchfield Park
   • Scottsdale
   • Sun Lakes
   • Chandler

Exceptions are Mesa, Gilbert, Peoria, Cave Creek and Sun City West, which are over $70 but still declining, if only slightly in some cases.

1. The recent $/SF tend is negative in cities with the cheapest housing (under $70 per sq. ft.), including:
   • Wittmann
   • Florence
   • Youngtown
   • Apache Junction
   • Arizona City
   • Avondale
   • Buckeye
   • Queen Creek
   • Tolleson
   • Waddell
   • Glendale
   • El Mirage
   • Maricopa
   • Sun City

Exceptions are Surprise, Laveen, Casa Grande and Coolidge, where prices have risen since a quarter ago.

1. Contrasting Apache Junction with Gold Canyon, or Avondale with Litchfield Park, we can see that the recent pricing trend is significantly more positive in the higher priced neighboring city, despite huge falls in supply in the lower priced city.
2. Because the large cities Phoenix and Scottsdale dominate the market in dollar terms, their positive pricing trend is causing the overall market pricing trend to move higher. However, there are still a significant number of areas where sale pricing has yet to show a turn round. This includes major cities such as Mesa, Peoria and Gilbert.
3. The areas with the most negative pricing trend are either on the outer fringes, which get less attractive as gas prices rise (e.g. Buckeye, Florence, Wittmann, Apache Junction, Arizona City, Queen Creek, Cave Creek), or in the west valley where foreclosures have hit a larger percentage of the housing stock (e.g. Tolleson, Youngtown, Avondale).
4. Golf-oriented areas and cities that appeal to affluent retirees are tending to show the most positive trends in recent months, including Fountain Hills, Rio Verde, Carefree and Gold Canyon.
5. Anthem has the least negative annual price change (-1.7%), which reflects its unusually low supply level (currently only 1.8 months supply and 84 days inventory). Rio Verde and Paradise Valley are close behind with -2.2% and -2.6%. However Rio Verde still has an abundant supply while Paradise Valley’s active listings are at the lowest level since November 2007.
6. The greatest fall in pricing over the year is found in Youngtown (-18.1%), El Mirage (-17.1%), Tolleson (-16.3%) and Laveen (-15.7%) all cities which have suffered extremely high foreclosure rates between 2008 and 2010. The city of Maricopa is also down -15.5% over the year and has suffered a similar high foreclosure rate. However the foreclosure rates for all these areas are down a great deal from the peak of 2009.

Click here for a link to a virtual tour of this amazing home.

Most people don’t think of Lake Front Property when they think of Arizona.  Well, there are many Lake Front homes in the desert, and I just happen to have the nicest one there is listed for sale.  My name is John Maltese.  I have been working for Buyers & Sellers as a Realtor since 1987 where I worked as a Realtor on my days off from the Cicero Fire Department in Cicero, Illinois.  I moved to “The Valley Of The Sun” in 1997 working at first with Coldwell Banker Realty and then moving to RE/MAX at the Village in 2001 where I have been ever since.

Here is a brief description of the amazing 5500 square foot Lake Front home I have for sale in Gilbert, AZ:  165′ Lake Frontage on Southwest’s premier Tournament Water Ski Lake w/Slalom & Jump course.  Which is 8′ deep & only 1 boat is allowed at a time. Exclusive 20 lot Gated community. It includes a private custom dock & boathouse with misters-ceiling fans-cable & hydraulic lift. Custom built home-no detail missed. Gorgeous lake views through walls of glass from family room, kitchen and eating area. This home features a 2 way custom Cantera stone fireplace, media room with wet bar, the biggest master closets I’ve ever seen, and an upstairs laundry with granite & sink. The master bedroom has lake views & a huge deck to enjoy rare beauty of living on the water.  The backyard on the lake features pool & covered patio with misters & built-in-BBQ. The garage has A/C & is spotless.  This mansion truly has it all & has been maintained to perfection.

There are many other communities in the Phoenix Metropolitan Area along with Gilbert that have waterfront homes such as Scottsdale, Chandler, Glendale and Mesa to name a few.  Some are specially designed for water skiing while others are simply designed to be enjoyed and for small engine boat use.

There are nearby lakes that are surrounded by State & National Park Lands that are absolutely gorgeous.  Here, people can enjoy endless lake activities as well as camping & hiking.  Arizona has one of the highest numbers of boat owners per capita in the US believe it or not.

So whether you are looking for that perfect home on the water or a home or condo anywhere in the Phoenix area, I would be happy to go to work for you and find you just what you are looking for.

Best Wishes and I hope to hear from you with any questions you might have.

Thank you,

John Maltese, ABR, Realtor, 480-695-7002

Angela Walls, P.C., CDPE, REALTOR®

Hello all!  This is my first time blogging and I have to admit that I embraced the opportunity as I am excited to be writing about one of my favorite subjects-Cave Creek Arizona!

I’ve been fortunate to live in the area for about 12 years and I love to brag about it to anyone I meet that hasn’t yet discovered this area, weather from they are from out of state or other parts of the Valley.

Cave Creek is home to many unexpected surprises and it always amazes me how few people that live in the Phoenix Metro area haven’t ventured up this way.  It’s only a short 15-20 minute car-ride, or a mellow cruise up on your bike, from the Loop 101 and Scottsdale Road, but feels like a different world once you arrive.  It’s a world away from the bustling downtown and to some, feels like a journey back in time to the old Wild West days when life moved at a slower pace.  I like to describe the town as a mix of artsy, cowboy and funky with just enough sophistication thrown in to appeal to most everyone-wonderfully eclectic!

In addition to being at a bit higher elevation than other parts of the Valley, it’s a bit cooler up here and we’re fortunate to have a gorgeous range of mountains all around us so the views from most parts of town are gorgeous.  It’s normally very peaceful and a bit of a sleepy little town but the population grows in the winter months and weekends as folks head up here to get out of the cold or to take in some of the weekend goings-on.

We have some of the best coffee joints, wine bars, restaurants and bars in the Valley and are overflowing with shops and galleries to keep you busy for a day (weekend or longer) discovering all that the town has to offer.

The residents here are warm and welcoming and love to see new faces, and there are always a few local characters hanging around sipping a cup of locally roasted coffee or a cold beer that are happy to bend your ear with an interesting story or two.  I’ve added a few photos of some of the local hot spots that are among my favorites.

In addition to being a creative writer (ha!), I’m also a local Realtor and would love the opportunity to work with you and introduce you to the area.  It makes my chosen career a delight when I have such a great community in which to live and work.

So, if you’re looking for a day trip during the weekend or considering re-locating to another area of the Valley-head North!  I think you’ll be pleasantly surprised.

Until next time….

The first and probably most obvious thing that should not be done when listing your home for sale is asking too much for the home. While it may be a very nice home, real estate prices must be monitored. Asking too much for your home will result in your home not selling.

In order to sell, a home must be appealing to the buyer. If the outside of the home is messy or bland, the buyers may not look very closely at what is on the inside. This is known as curb appeal. How appealing is your home from the street? Many homes are sold or not sold based solely on their curb appeal. Along the same line as curb appeal is the interior being clean and friendly. Once you have a buyer sold on the outside, you must maintain that sale on the inside. Make sure that the house is clean when you show your home.

While this may sound a little ridiculous, not listing your home with a Realtor that is technologically advanced may slow down the sale. It is thought that nearly 80% of home buyers are spending time doing research on the internet prior to physically looking at homes for sale. If your Realtor does not have a website, you could be missing out on a good sale. Make sure that your home is well maintained and all problems have been corrected. A buyer can sense when there are repair problems or other issues that have been ignored.

Being a real estate broker or sales person can be one of the most rewarding career paths out there. You get to see a multitude of different types of properties, inside and out, you are able to interact with some very nice people, and you basically set your own schedule. You can choose to open shop into the evening hours or on weekends. You can take your day off when you want it, and the work is not physically demanding like digging ditches, for example.

If you have an extroverted personality and you enjoy visiting different homes, apartments and condos, and if you find it appealing to work on commissions, then this sales job would be right up your alley. A qualified real estate professional can help you search out properties, thus saving you time and effort. They will be very familiar with specific property prices in your given area and will be able to best guide you through the maze of properties available that suit your parameters, such as price, location, and amenities.

A skilled real estate professional is one who has been properly trained and licensed in their given state. They have to undergo a rigorous schooling and training schedule and pass a challenging written test. You can be assured that a licensed real estate professional will keep you in good hands. They should also be professional, treat you courteeously, and return your calls as soon as possible. Most will be up to the task, so you can feel safe, well informed and assured when you’re working with one of the best.