November 26, 2024 1:19 pm
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Metro Phoenix home flips climb

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By Catherine Reagor | Arizona Republic

“Hi my name is Mark, and I would like to make you a cash offer on your house. How much will you sell for?” the text read.

It was the eighth I received last week from investors wanting to buy my midtown Phoenix house and flip it. Another 10 had called my cellphone.

They call, they text and they knock at the door with offers to buy metro Phoenix houses “as is” for cash. Home flippers are aggressive in the Valley now, and a growing number are closing deals for houses despite rising prices and fewer homes for sale.

Home flips in metro Phoenix recently climbed, even as the area’s median home price hit a new record of $278,000. Overall, U.S. home flips are up too.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.