Equity is a tricky thing. Either it's built by the market or it's built by you. Sometimes it's built by both. One of the facets of real estate I'm most passionate about is getting my clients into homes that they love, that they can afford and where they can build equity. Sure, it's not a guarentee. Nothing in life ever is. But we can try our hardest, right?

One of my first clients was looking in Central Phoenix for her first home... and by "Central"... I mean she really wanted to be in Arcadia. But more than anything she wanted to be sure she was getting a good value for what she'd be paying. Wise thinking when you're considering that a home is a few hundred thousand dollars.

I persuaded this client to look in some other areas around town - knowing that there were some areas where she could potentially get a beautifully remodeled home... but not have to pay top dollar. She closed on her home about 10 months ago at $205,000. Her appraisal at purchase had the home valued at $210,000. So she was walking into a house that already had a bit of value.

In the last ten months she's seen a substaintial amount of redevelopment happening in her neighborhood. Earlier this week, she sent me this screen shot below:

While, I always advise my clients to take information from Zillow or Trulia with a grain of salt - because it's an algorithm... and not an actual person who's calculating values. The information that each platform provides can be pretty valuable - like affirming what you think... and showing a substaintial increase in home value.

Not going to lie, it's pretty cool to recieve messages like that from a client - who's so excited to see how the market has appreciated in her neighborhood!

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