Latest Posts

5 CRITERIA FOR PRICING A HOME

When you put your home up for sale, one of the best ways to determine the asking price is to look at comparable sales. There’s rarely a perfect apples-to-apples comparison, so a pricing decision often relies on comparisons to several recent sales in the area. Here are five criteria to look for in a sales comparison.

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Ranked #2 and #6

Grateful to be Ranked #6 agent for Sales/Income at the #2 ranked Real Estate Company in AZ for 2017. Thanks to all my clients and investors for a solid year!

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Vacation Rental Investments

The Shonka Group sold this 4 bedroom, highly upgraded, vacation rental recently to an investors for only $478,000! This property will become one of the highest ROI vacation rentals in the market in the coming years. When looking for a vacation rental as an addition to your current investment portfolio, you need to be mindful of 3 key components before diving straight in. 1. Location is everything ( your property should be within walking distance or a short drive to as many hot areas as possible, whether it's spring training, the Barrett Jackson car show, or Camelback Mountain, etc etc.) 2. Sleeping quarters (This doesn't mean 10 bedrooms, it means fitting as many people inside the home with a place to sleep as you can. We often will put double queen bunks in larger guest rooms that realistically fits 8 people comfortably. The more people you can fit in the property, the better ROI) 3. Amenities (Nearly every vacation rental in our market is going to have a pool, what else does it have or can you add to make it more attractive? Bocce ball, pool tables, cornhole, and putting greens are some fairly inexpensive upgrades to add a ton of interest to your home.)

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Buying Vs Renting?

Buying vs Renting? One of our clients bought this condo in 2016 as they couldn't find their dream home before their existing lease expired. He put roughly $25,000 into the condo to make it his own and update it to his personal style. After living in the property for a year he went out and bought a new home that fit what he really was looking for. He ended up selling the condo and made over a $50,000 profit in 1 year from just making a smart purchase. If they would have rented for one more year this wouldn't have ever been possible. This scenario happens over and over again in our market. If you are able to buy now, don't wait!

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Contact
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Teddy Shonka

(480) 390-9759

teddyshonka@gmail.com

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