Real estate investing Resources in Phoenix

So you wanna get started investing in Phoenix and you’re checking things out, eh?

Good for you. Always do your homework and you won’t get schooled.

Here’s some great tools that we’ve found and we use from time to time and great real estate investing resources in Phoenix for investors here locally to tap into for quick research on your investment deals.

The best thing is most of these sites below are completely free!

Here’s a few sites you should get to know:

1. Zillow

Zillow is the biggest, baddest real estate website on the block. They are building data on real estate wealth like few other sites.

The CEO of Zillow, Spencer Rascoff, said their company’s best asset was their “living database of all homes”.

The Zestimate tool is off, as a lot of folks have noted. We never use it in our business.  It’s fun to see what the computer calculates, but you still gotta know how to analyze the comps and evaluate the market for yourself.  And Zestimate uses more than just comps to come up with a number but can’t calculate conditions of homes, special features, etc.

But what you can see is the actual sold prices of properties.  Spend a lot of time on Zillow and get to know the intimate details of each property sold in your target Phoenix neighborhoods. Really try to identify the psychology of the prices, and seek to understand why the seller and buyer picked that point to settle.

Remember, each sale is like a tiny piece of a moving puzzle that makes up the whole market.

Zillow is an awesome tool for investors to get to know their markets before investing in other, more niche tools..

2. Craigslist

Craigslist is an awesome site. There are deals to be found there if you spend the time on the site. People write terrible ads for great properties. Happens every hour of every day across AZ. Sometimes the best properties only get one terrible ad. So you’ve got to scour.

3. LoopNet

LoopNet is the granddaddy of commercial real estate investing.

You want to sell a building to institutional investors, this is the site you want to list it on.

Sometimes there are great deals on LoopNet, but you’re competing with every othersaavy investor to find them. If you are a Grade-A investor working with a top broker, you’ve got a chance to win the bid and seal the deal, but this is not the site for rookies.

LoopNet is a great place to learn about the market in Phoenix and see how the major money is moving. You’ll be surprised what you can learn, so start searching through the properties for sale and watching where they close.

4. Auction.com

Just like its name suggests, Auction.com is a big clearinghouse of auctions, — foreclosures, REOs, short sales, distressed properties, land, new construction — you name it, they probably sell it.

Definitely check out the auction calendar, and make a trip to visit some Phoenix auctions. You never know who you might meet at an auction – maybe your future business partner(s)?

5. Realtor.com

The largest place to search the MLS (multiple listing service), Realtor.com is sometimes confusing and often doesn’t seem consistent with what data it displays.

But it’s got some neat search alerts and other tools that help you get alerted when a broker in your neighborhood has added a listing. We’ll sometimes have a team member use it to complement a Zillow search when they’ve come up empty or want to see more recent pictures.  If you’re serious about investing, you probably want to form a good relationship with an excellent Realtor, rather than just the website.  Or invest in agent school.  There are plenty of them running specials, some as little as a couple hundred dollars, and the access to save on listing and data access is a game changer.

6. Walkscore

Most investors overlook Walkscore.com – a big mistake.

Walkscore tells you a ton about any given address. It tells you how a potential renter or buyer will evaluate it – what’s nearby and how long it takes to access.

It’s also a fantastic tool to target areas that are underpriced for their amenities. If an area has a really high walk score and low prices, chances are good that prices will rise in the next few years. There are big exceptions – but walkability is a really key factor in Phoenix investment.

Those tools will help you to understand the Phoenix area market if you take the time to use them. Do your homework, and understand the market before you start dumping your hard-earned money into a property.

You can always give us a call (602) 888-3205 – we love to partner up with investors, and we’ve got great terms.

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