From Our Blog

Phoenix Business Journal Ranks Luxury Realtor Walt Danley No. 1

The list is out today. And our very own Walt Danley ranked as the No. 1 selling real estate agent in Arizona by sales volume. The Phoenix Business Journal’s “Residential Real Estate Agents” list ranks the top 50 Realtors in metro-Phoenix. Some interesting stats from the article show that there was a total dollar volume of $2.21 billion that closed and 6,306 total homes sold in 2013 by these agents. He credits his team for Walt Danley Realty’s success: “My team is the most professional, upstanding and hard working group of Realtors in the business. Because of my team’s integrity and expertise, our clients’ best interests are always at the heart [...] read more

Here’s the Skinny on Seller Carryback Financing

So you’ve heard the term “seller carrybacks” mentioned here and there and are wondering if it’s the right option for your Phoenix home. Maybe you’ve listed your home but the buyers aren’t biting. If the asking price is the issue, you can either lower it or offer additional incentives. Many sellers will throw in some extras, such as an offer to pay a portion of closing costs, in order to entice buyers or seal a deal. Seller carryback financing is another course you as a seller can take. What is Seller Carryback Financing? Seller carryback financing basically requires the seller to act as the bank, receiving monthly payments for either [...] read more

Wall Street Journal Explains Rise in New Home Sales

A recent article from The Wall Street Journal questioned whether a rise in new home sales during August indicates an advancing market or simply contradicts a drowsy one. According to the article, Zelman & Associates released a survey of home-builders regarding 2,500 new home communities across the U.S. Results showed that during August, orders increased slightly from the previous month. This is compared to the usual decrease of about 1 percent. Furthermore, new home orders showed a 21 percent increase from the previous year. Ivy Zelman, Chief Executive at Zelman & Associates, attributed the jump in new home sales to a large number of weekend days this past August. Results [...] read more

My Interview with the Arizona School of Real Estate and Business

Recently I was interviewed by Tricia Covert with the ASREB.  Anyone working in real estate in the Phoenix area likely has taken at least one class from them if not their entire licensing course, and I’m grateful for the chance to share a bit of what I’ve learned with their students — both current and former. There have been recent reports in the media about luxury homes sales from both a global and national perspective. According to the reports, sales in this market are rebounding faster overall in comparison to regular home sales. Some major metropolitan areas are seeing double the volume second quarter of this year compared to the [...] read more

Who are the Majority of Homebuyers in Phoenix?

The Phoenix Business Journal included Walt Danley’s perspective on a story published, titled “Generation Gap: Young Families Flee Housing Market, Forcing Builders to Focus on Boomers.” According to Walt, boomers continue to be the “vast majority of our buyers in the upper end” of the residential real estate market. Even after the down market cycle, boomers continue to be the active buyers for luxury homes throughout metro-Phoenix – particularly Scottsdale, Paradise Valley, Fountain Hills, Rio Verde, Arcadia, Biltmore, Cave Creek and Carefree.     read more

Phoenix Real Estate Hotspot for Athletes like Randy Johnson

Randy Johnson’s 25,000 square-foot estate recently went on the market. According to Phoenix Business Journal’s Danika Worthington, luxury homes of Giants pitcher Tim Lincecum, previous Cardinals quarterback Kurt Warner, former Coyotes center Jeremy Roenick and Diamondbacks General Manager Kevin Towers have all gone on the market in the past two years. Walt Danley was sourced in the story for his expertise in the luxury home market throughout metro-Phoenix and says “there’s probably not more on the market than typically are.” Walt goes on to say that professional athletes are more transitory than the general public due to the nature of their career. So although high-profile athletes may be selling, other athletes are [...] read more

Walt Danley’s ALS Ice Bucket Challenge is Bold

Walt means business in everything he does, yet he always does it with a smile and wonderful sense of humor. #icebucketchallenge   read more

Phoenix Business Journal Cites Our Luxury Real Estate Report

Our August “Luxury Market Summary” received a notable mention in the Phoenix Business Journal. We are honored to have our luxury real estate report on the metro-Phoenix housing market cited by such a reputable business source. The monthly real estate report provides a detailed analysis of current market conditions for single family homes over $500,000 in all areas of the Northeast Valley of Phoenix, Arizona, including Scottsdale, Paradise Valley, Fountain Hills, Rio Verde, Arcadia, Biltmore, Cave creek and Carefree. To read the full article from the Phoenix Business Journal, titled “Phoenix home listings up 54 percent from 2013,” click HERE.     read more

What You Can Buy for $5 Million Across the U.S.

We collaborated with our real estate broker-partners across the country to compile listings for a slide show that was recently published in The Arizona Republic. The luxury homes featured offer perspective on what you can buy for about $5 million in major markets across the United States. Scroll down to view photos of each of the homes featured from across the country, in cities including, Paradise Valley, AZ, Aspen, CO, Chicago, IL, Dallas, TX, Los Angeles, CA, New York, NY, and San Francisco, CA. To see more photos of the homes, as well as read their descriptions, you can view the entire Arizona Republic slide show by clicking here: Mansions: What You Can Buy for About $5 [...] read more

Guest Post: Do I Need a Special Real Estate Commissioner?

“I’m divorcing and selling our marital residence. My attorney thinks I may need a Special Real Estate Commissioner. What is that and why do I need one?” A Special Real Estate Commissioner (SREC) is assigned by the Court to enforce the sale of your home. Your attorney may see signs that the process may be hindered, and therefore foresees a need for a SREC. “Emotions and conflict are a natural part of divorce” says James Padish, attorney at Padish and Wells, and former Superior Court Judge. “I prefer to work with the opposing party and come to an agreement. But if one or both of the parties are being unreasonable [...] read more