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3 Things You Should Know About the Home Flipping Craze


Home flipping is all the rage right now. Here’s what you should know if you are thinking about cashing in on this trend.

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Home flipping is usually defined as buying a home and then reselling it soon after for a higher price. 10 years ago, it was a mainstay of the real estate boom that led to the financial crash. After some years of lower activity, it's back in full force, thanks in part to popular TV shows such as "Flip or Flop" and "Flipping the Block." If you're curious about home flipping, here are three facts you should know right now: 1. Home flipping is more profitable than ever. A recent Waco home that appeared on HGTV's show "Fixer Upper" was originally bought for $28,000. It was thoroughly renovated and is now being listed for $950,000—over 30 times its original price. In 2016, the median flipped home sold for $189,900, which is $62,624 over the median purchase price of $127,276. That's a 49.2% return, the most profitable return since 2000—the first year for which such data is available. 2. Home flipping is caused by different factors than 10 years ago. Back then, many flipped homes were speculations. In other words, investors would buy a home and then just wait, hoping that the price would go up so they could sell. The current flipping trend appears to be a positive response to current market conditions, such as the overall shortage of homes for sale, a lack of new construction, and a steady rise in home prices.

Demand still outstrips supply, for now.
3. Home flipping affects all home buyers and sellers. If you're a buyer, you can clearly benefit from the home-flipping craze. Flipped homes are available at all price ranges, from entry-level to luxury homes.


If you are a seller, then the boom in home flipping means you might face tougher competition when the time comes to sell your home.The good news is that demand still strongly outstrips supply for now. These conditions won’t last forever.

If you have any questions or you're even considering investing in a home you can flip yourself, get in touch with me by giving me a call or sending me a quick email. I’d love to hear from you.

Have You Heard of Arizona Citizens for the Arts?

Today I’m joined by Catherine “Rusty” Foley, the Executive Director of Arizona Citizens for the Arts, to give us the rundown on what the organization is all about.

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Today I’m joined by Catherine “Rusty” Foley, Executive Director of Arizona Citizens for the Arts, to tell us all about the organization.  
Rusty grew up here and has been a member of the community for a long time. While she was enjoying her career she was always involved in nonprofit organizations and has always supported the arts. When she retired from her professional career she had the opportunity to become the executive director of Arizona Citizens for the Arts.
Arizona Citizens for the Arts is 36 years old and it is the statewide advocacy organization that promotes the value of the arts and encourages the financial support of the arts by both public and private sectors.
The arts are a big part of our economy. In fact, in Phoenix alone, the arts contribute about $300 million to our economy’s makeup. Everything from our museums to our festivals which encourage tourism is vital to Phoenix. Additionally, arts and culture are usually among the top five things companies look at when opening new businesses or relocating, further demonstrating the vitality of arts programs.
The arts culture in Phoenix is vital to the economy.
There are a few events coming up for Arizona Citizens for the Arts as well. To get all the details, watch the video above or click on the respective links.
If you’d like to support the arts in Arizona through Arizona Citizens for the Arts, you can visit their website azcitzensforthearts.org where you will find everything you need to know about attending their upcoming events and how to donate. Like them on Facebook to be up to date on all the important news in the arts community. Also, if you’d like to become a member, you can donate and register on the website as well.
If you have any questions about Arizona Citizens for the Arts, or if you have any real estate questions, please feel free to give me a call or send me an email. I’m more than happy to help!

Have You Been to the Phoenix Public Market?

I'm pleased to be joined by Phoenix Public Market manager Sara Matlin to talk about this wonderful downtown farmers market that's open year-round.

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Today I'm happy to be joined by Sara Matlin, who is the market manager of the Phoenix Public Market.
Sara is a Phoenix native and lives in the downtown community. She's always worked with small businesses and has always enjoyed helping them thrive in our community. "Working with the farmers market is definitely a dream," she says. "I love supporting local and shopping local, and that's exactly what we do at the farmers market."
As Sara points out, the Phoenix Public Market is actually one of the only nonprofit farmers markets in the Valley. They're focused on supporting local food systems and supporting small business. This month, they're celebrating 12 years, and many of their vendors and farmers have been with them the whole time. Currently, they host about 100 vendors each week, ranging from local growers to bakers all the way to artisans and specialty services.
The Phoenix Public Market is open year-round, rain or shine.
If you're not familiar with Phoenix and our history, we were agriculture-based in the beginning. Next to California and Florida, we were one of the largest producers of citrus. An abundance of agricultural products still exists. Thanks to this great growing season, Sara says, the market is open every Saturday year-round, rain or shine (but mainly shine!) from 8 a.m. to 1 p.m. during the high season. In the summer from about May to October, they are open from 8 a.m. to noon. You can learn more at their website, phxpublicmarket.com, or you can give them a call at 602-625-6736.
As always, if you have any questions about the Phoenix real estate market or you're looking to buy or sell a home, I'm always here. Just give me a call or send me an email!