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Hey everyone, and welcome to another episode of The Franco Dinh Show! Episode 18 is packed with exciting updates. In this week’s show, I’m diving into my kitchen remodel, giving you the latest market insights, where we stand with supply and demand in the Greater Phoenix area, and sharing a story about my VA client that got money at the closing table. Let’s dive in! Watch Episode 18 of the Franco Dinh Show Kitchen Remodel Update The big news in my life right now is the ongoing kitchen renovation. We are getting rid of soffits, putting canned lighting throughout, new cabinets, counter tops. Kitchens are one of the things in your home that you get the most ROI out of when you want to resell. I'm not only excited about a nicer kitchen, but also the value that we are adding.  Real Estate Market Update (Cromford Report) Now, onto the real estate market! The market has shifted back to a balanced state with the Cromford Market Index sitting at 91.6.  Contract ratio is at 27.32. Contract ratio indicates how "hot" the market is on a scale to 100. The higher the number, the greater the buying activity relative to supply. In a balanced market for normal segments, the value of the contract ratio is between 30-60. When it lies below 30 it's considered a "cold" or "slow market". Above 60 is considered a "hot market". In high-end luxury markets it's usually less, between 15-25. The spring market is expected to ramp up soon, and we’re anticipating more listings to come on the market as we head into mid-January. The best cities for sellers remain in areas like Chandler and Scottsdale, while places like Goodyear and Queen Creek are still more favorable for buyers. VA Buyer Gets $3,500 at the Closing Table Lastly, I’m thrilled to share the success story of one of my clients who used a VA loan to purchase a home. Not only did we save him $55K through negotiation, but he got his $3,500 he put down as earnest money back! The seller had contributed $10K towards his closing costs, he used all of that. With VA loans you don't have to put anything down, but there are still closing costs. Since we got all of that paid for, he was able to get what he put into the transaction back! If you’re a veteran or know someone who is, make sure you're taking advantage of this! Thanks so much for tuning in! I hope you enjoy this week’s episode and find some valuable insights. Stay tuned for next week’s show, where I’ll continue sharing tips, updates, and success stories from the world of real estate.

Hello, everyone, and welcome back to the first episode of 2025! After a relaxing holiday break, I’m thrilled to be back, and ready to dive into what’s ahead for the year. In this episode, we’ve got a lot to cover – from personal updates to a real estate market update, along with some interesting insights into VA loans that you won’t want to miss. Let’s jump right in! Franco Update First off, we’ve made some exciting changes at home! We’re redoing our kitchen, and it all happened pretty quickly. I took advantage of a sale at a slabs store, and before I knew it, we were buying slabs and planning the remodel. We’ve opted for off-white cabinets, off white quartz with a little light grey veining countertops It’s going to be fun and I can't wait to see how it comes together.  Lincoln's birthday just passed and we celebrated with some cake and I ended up getting a water painting of him done! Real Estate Market Update (Cromford Report) Now let’s talk real estate. We’re back in a balanced market with the Cromford Market Index hitting 91. After several weeks in a buyer’s market, this shift is a welcome change. Active listings have decreased by about 2,000 from last month, but expect those numbers to rise as we enter the spring market (mid-January to May). This is traditionally the busiest season in Arizona, and we’re looking forward to a healthy influx of new listings and returning homes. Several cities, including Chandler, Scottsdale, and Paradise Valley, remain in a seller’s market, while areas like Goodyear and Queen Creek are seeing buyer’s market conditions. If you’re buying, expect an uptick in supply as we move through the spring.  VA Loan Insights In today’s episode, I also highlight a current client transaction where I’m representing a buyer using a VA loan. One key takeaway: VA loans come with unique requirements. From stricter inspections to making sure all repairs related to water damage or termite infestations are addressed, it’s essential to understand these regulations for loan approval. We’ve encountered some interesting inspection surprises, and I share how these can affect the buying process, especially when dealing with government-backed loans. As we head into the new year, I’m excited to see what the market holds. With the Greater Phoenix area returning to a balanced market and the spring season just around the corner, there are plenty of opportunities for both buyers and sellers. Stay tuned for more insights, updates, and helpful tips in the coming weeks! Thank you so much for joining me for Episode 17! I can’t wait to see what 2025 has in store, and I hope you’re as excited as I am.

Hey everyone! Welcome to Episode 16 of The Franco Dinh Show, your go-to source for all things real estate in the Valley. With Christmas just around the corner, I'm reflecting on this year and gearing up for a trip to Washington. New Listings I’ve just listed a great property in Glendale— a 3-bedroom, 2-bath home under $400,000. It’s close to Westgate, the 101 Freeway, and so close to great restaurants and shopping. It's the perfect, turn-key property if you are a first-time homebuyer or if you're looking for an investment property. I also want to share a huge success story! One of my buyers saved $55,000! I’ll be breaking down the negotiation strategies that made this deal work, so if you're in the market, you won’t want to miss this! Cromford Market Update The Cromford Report shows that active listings have dropped to 23,000, which a slowdown is typical for this time of year. The days on market have risen slightly to 73. The Greater Phoenix area is still in a Buyer's Market, with the Cromford Market Index being at 87. $1 Listing Update I’ve been keeping an eye on the $1 listing I mentioned a previous episode. It looks like the marketing strategy didn’t work out as expected. It’s still listed for $1 with no changes. We’ll see if it eventually sells or if the seller decides to adjust their strategy. Holiday Wishes & Looking Ahead As we wrap up this year, I want to thank all of you for your continued support. It’s been an amazing 2024, and I’m looking forward to everything the new year will bring. I hope you all have a wonderful Christmas and a happy New Year! Make sure to tune in next week for more updates, and as always, feel free to reach out if you have any questions or need help navigating the real estate market. Thanks for joining me on this week’s episode, and I’ll see you in 2025!

Welcome to Episode 15 of The Franco Dinh Show! In this week's episode, I have a lot of exciting updates to share with you all, including personal milestones, new listings of mine, and a market update you won't want to miss. It’s been a whirlwind of activity, and I can’t wait to break it all down for you! Franco Update: Broker Exam Success and New Listings First, I’m thrilled to announce that I’ve officially passed my state broker exam! Just a couple of final steps with the application before I’m officially a licensed broker.  In addition to my personal update, I also have two exciting new listings to share. Glendale Listing : A charming 3-bedroom, 2-bathroom home, just under 1,500 square feet, listed for under $400,000. It's a great opportunity for buyers in the area! Gilbert Listing : A downtown Gilbert property, located just a block away from all the local hotspots, being sold as-is. It's a fantastic location with so much potential! This is not going to be an off-market listing! Cromford Market Report: A Buyer's Market with Positive Movement In terms of the market, we’re still in a buyer’s market with the Cromford Market Index at 87. Active listings are slightly down, which is typical for this time of year. But there’s good news: sales activity is up 8% compared to 2023, and sales prices have increased by 2%. Buyers are still benefiting from seller concessions, with 53% of sellers offering an average of $10,000 in concessions. The Unique $1 Listing One of the most interesting things I’ve come across recently is a $1 listing! This is part of a bidding system designed to attract attention and generate interest. Though the house isn’t going to sell at $1, it's a creative marketing strategy is definitely worth noting. The listing had initially been priced at $435,000, but with this unique approach, the seller is hoping to create a bidding war. It will be interesting to see what this property sells for—I'll be keeping my eye on it! As we head into the holiday season, I want to take a moment to thank everyone for their continued support. I hope you’re enjoying these episodes as much as I love creating them. I look forward to next week’s show, where we’ll dive into even more exciting topics. If you’d like to stay up-to-date on everything, make sure to subscribe to my social channels and leave any comments or questions below!

Hey everyone! Welcome to Episode 14 of The Franco Dinh Show . This week, we’re catching up after the holiday break and diving into some exciting updates in the world of real estate. In this episode, I recap my Thanksgiving, share some personal milestones, and provide valuable market insights for buyers. Thanksgiving Recap I hope everyone had a wonderful Thanksgiving! As you may know, Thanksgiving is my favorite holiday. You're around family, there's football on alllll day and it revolves around food... well for me it does! Brian's family came into town (per usual) and I spent my time with them. I was in charge of the bacon mac and cheese and it turned out very well. My favorite side dish is the green bean casserole! I look forward to it every year, it's the only time have it.  Broker School Exam Success I’m thrilled to announce that I’ve passed my broker’s school exam on my second attempt! After a slightly disappointing first try, I nailed it the second time and am now preparing for the state exam this Saturday. I feel confident as I head into the final stage! Cromford Report – Real Estate Market Update The market has cooled slightly as we move into the holiday season, with a current total of 23,683 active listings. Although there has been a slight decrease, it's typical for this time of year. Days on market have decreased slightly to 71 days, and we are still in a buyer’s market, with the Cromford Market Index sitting at 86. Breakdown of Market Areas This week, we broke down the real estate dynamics in different parts of Arizona: Seller’s Market:  Chandler, Scottsdale, Phoenix, Avondale and Cave Creek are still in sellers' markets, with Fountain Hills seeing the most dramatic drop since last month at 25%. Balanced Market:  These are areas where there's a balance between buyers and sellers. Glendale, Tempe, Paradise Valley, gilbert, Mesa, and Peoria. Paradise Valley seeing the biggest jump since last month at 13% Buyer’s Market:  Buckeye, Goodyear, Maricopa, Surprise, and Queen Creek are offering incredible opportunities for buyers, with Buckeye showing a 10% change, being very deep in a buyer's market. MLS Check – Arcadia Property Spotlight I highlighted a listing that has not hit market yet in Arcadia, a highly desirable Phoenix neighborhood. The property, is listed at $795,000, is a spacious home with a large lot and some great features like a pool,  garage, and citrus trees in the backyard. Arcadia is known for its charm, great schools, and beautiful Camelback views, and this property is a great deal compared to others in the area. Whether you're buying or selling, it’s an exciting time in the Arizona real estate market. If you’re interested in learning more or want to dive into any of the properties I mentioned, reach out! I’m always happy to provide guidance and help you navigate this dynamic market. Don’t forget to tune in next week for more real estate insights and updates. Have a great week ahead!

Hello, everyone! Welcome to Episode 11 of the Franco Dinh Show: Halloween Edition! This week, I’m diving into some Halloween fun and sharing one of my creepiest real estate stories. Let’s jump right in! Franco Update I recently hosted a Halloween party with around 15-20 guests, and we had a blast indulging in delicious food and drinks. I dressed as a mummy, while my son, Lincoln, went as a vampire, and Brian joined him as well. We also participated in a cute dog Halloween party with many furry friends showing off their costumes! Creepy Real Estate Story In the spirit of Halloween, I recounted my creepiest experience in real estate. I once met a client through TikTok who seemed promising, discussing cryptocurrency and potentially buying a $2 million home. After spending an entire day together, he ghosted me and turned out to be a con artist involved in significant fraud. This experience reminded me of the importance of staying vigilant in our industry. Market Update (Cromford Report) As for the market update, the Cromford Market Index is currently at 90.7, indicating we are on the cusp of a buyer's market. Active listings have increased by 50% compared to last year, and we are seeing rising interest rates, now around 7%, which is affecting buyer enthusiasm. MLS Check I also shared insights from a client who is looking to sell a lot and purchase a new home. We discussed a property on the market for 97 days and the benefits of making backup offers. This property features a separate studio above the garage, offering potential income opportunities. Thank you for joining me this week! Be sure to check out the full episode for more details, and have a fantastic Halloween!

Hey everyone! I'm so excited to share this week’s episode with you all. In this episode, we go over tennis, real estate, and being a first-time homebuyer. Let’s dive right into the details! Franco Update First up, I’m sharing my update from the tennis tournament I have this week. We’ve made it into round two! Our next match is on Friday at 5 pm and the winner of that match has to play right afterwards at 7 pm, which I think would work in our favor... But one match at a time. And Lincoln started back up with training. Cromford Report: Real Estate Market Insights In this episode, we also dive into the Cromford Market Report, looking at how the Phoenix real estate market is shaping up. Active listings are on the rise, and we're officially in a buyer’s market. I break down what this means for you as a buyer or seller, particularly with mortgage rates fluctuating. Check out our real estate market overview for a deeper look into the stats and how to navigate the current market conditions. Real Estate News: First-Time Homebuyers & Rising Mortgage Rates In our Real Estate News segment, we talk about the rise in the average age of first-time homebuyers, now at an all-time high of 38. We also discuss the benefits of first-time homebuyer programs, which can help with down payments and closing costs. Plus, we look at the current mortgage rates and what it means for Sellers. Don’t forget to subscribe to our social media channels and join the conversation!

Hello, everyone! It’s hard to believe it’s already November. Time is flying by, and I’m keeping busy as usual! This week’s episode is packed with real estate insights, from the current market dynamics to an interesting case study I’ve been working on with a client. I also share some personal updates, including preparations for Thanksgiving and my upcoming tennis tournament! Franco Update This week, I talk about Thanksgiving preparations, hosting a friend, and how my Airbnb is fully booked. In case you didn’t know, I’m working through my broker license coursework, which has been a bit of a challenge with everything else going on—but I’m getting there! Market Update (Cromford Report) In real estate news, the market has officially shifted into a buyer’s market , with the Cromford Market Index now below 90. What does this mean for buyers and sellers? If you’re a buyer, this is a great time to make a move, as there are more homes to choose from  than ever before. For sellers, it's crucial to adjust pricing, as homes that were once listed at higher prices are now being sold for less. Interest rates  are still high, hovering around 7.13% for conventional loans , though VA and FHA rates are slightly better. Buyers should keep an eye out for seller concessions  to help reduce the impact of these rates. MLS Check I also share a case study with a client  who’s been looking at properties in a buyer’s market like Peoria , Goodyear , and Surprise . I talk about a property priced at $380,000  that received multiple offers after just 3 days  on the market, and what that tells us about current pricing strategies. The key takeaway  here is that pricing your home competitively is critical to attracting offers. Conclusion To wrap up, I remind sellers that now, more than ever, pricing competitively is crucial . Make sure your listing is priced right based on comps  and current market conditions . If you're interested in learning more about the market trends and how to make the most of the current conditions, make sure to tune in next week! Stay tuned for more updates, and thanks for listening!

Hello, everyone! Welcome to Episode 9 of the Franco Dinh Show! I’m excited to share updates as we continue into the Halloween season, alongside important insights into the real estate market. Franco Update As the Airbnb season approaches, I've been busy updating my outdoor space with new patio furniture. I sold some old items on Facebook Marketplace, which was an adventure in itself! When choosing furniture for your Airbnb, it’s crucial to strike a balance—avoid options that are too cheap or too high-end to ensure comfort and durability for your guests. Additionally, I draw parallels between selling on Facebook Marketplace and selling your home, emphasizing the importance of demand and negotiation. Market Update (Cromford Report) The Cromford Report shows a sharp increase in listings under contract, with a 14% rise compared to last year. This is fantastic for sellers, but it’s essential to remember that we’ve also seen a 52% increase in the supply of homes since last year, creating a more competitive market. FAQ with Franco I received a question from a past client about selling a condo that currently has tenants. I discussed the pros and cons of selling with tenants in place versus waiting until they move out. It’s important to consider that tenants can complicate showings and the overall selling process. Survivor Pool Update In my survivor pool, many participants were eliminated by week two, highlighting the unpredictability of the games. Additionally, I announced that my weekly betting pot of $1,000+ has been shut down by my broker, which is a bummer but I’m looking into other ways to engage my clients. Thank you for tuning in! Be sure to check out the full episode for all the details, and I look forward to sharing more insights next week!

Hello everyone! Welcome to Episode 10 of the Franco Dinh Show! This week, I'm diving into some important updates, including ways to save on your home insurance and the latest insights from the real estate market. Franco Update Franco saved $725 by switching home insurance companies. Reminder that you can shop around for better home insurance rates! Market Update (Cromford Report) Active listings are up 50% compared to last year, indicating a significant increase in supply. Listings under contract have increased year over year, marking the highest since May 2021. Days on market have decreased by one day compared to the previous month. Listing success rate is currently at 73%. Cromford Market Index indicates a balanced market at 94, moving toward a buyer's market. MLS Check Franco highlights a home search for a client on the west side of town (Peoria, Surprise, El Mirage) FAQ with Franco Franco discusses the strategy of making a lowball offer Any home that's been on market for over 30 days Find out what is important to the seller (sometimes it's not about the money) Have comps to justify your offer price

Hello, everyone! I'm excited to share the highlights from Episode 7 of the Franco Dinh Show. In this episode, we cover a variety of topics that I think you'll find insightful and engaging. Franco Update I kicked off the episode with a personal update about my Tesla, which faced some unexpected car troubles due to a dead 12-volt battery. I didn't know there was an accessory battery, I thought the whole car was the battery. Thankfully, it's all fixed now under warranty, and the AC is back in working order! Market Update Next, we delved into the real estate market. With active listings holding steady at 21,000 and days on the market remaining at 71, it’s clear that the market is stable. A notable 4.7% increase in listings under contract indicates rising demand, which is exciting to see! Real Estate News We also discussed a significant development: the Fed's recent decision to cut rates by 50 basis points, marking the largest cut in over four years. However, mortgage rates have seen a slight uptick, with conventional loans at 6.15% and FHA around 5.7%. FAQ with Franco In the FAQ segment, we addressed a great question from a client about whether now is a good time to sell and buy. Right now, it's a competitive landscape due to lower interest rates and the importance of staying informed about market conditions. Things change for the good and bad, so buy now. Franco's Picks NFL Fans! Here are my picks for the week, including the Falcons +4.5 vs. the Chiefs and the Rams +7 vs. the 49ers. It's always fun to mix sports with real estate! Survivor Pool Update Lastly, I’m excited to announce that Franco is giving away $1,000 to the winner of his survivor pool! With some significant upsets in recent games, it’s been a wild ride for participants. I encourage you to engage with the show and follow us on social media. Your thoughts and feedback are invaluable to us! Thank you for tuning in, and I look forward to sharing more insights in our next episode!

This episode is packed with updates, giveaways, and valuable insights! Survivor Pool Update Football season is in full swing, and the survivor pool has already seen some drama. After a shocking Bengals loss, several participants were eliminated. The national pool, with its impressive $90,000 pot, saw 3,000 exits. Locally, we’re offering a $250 gift card as a prize. Current participants include Andrew, Cosmos Football, Jackson, Carly, and Rave. The excitement is palpable as the season progresses! Client Giveaway Franco is upping the ante this football season with a generous giveaway. At the end of the season, he plans to award $1,000 or more to clients. Alongside providing football picks throughout the season, this giveaway is designed to keep clients engaged and reward their loyalty. Stay tuned for updates as the prize pool grows! Personal Gambling Insights Franco shares his approach to responsible gambling, emphasizing the importance of treating it as a vice rather than a necessity. He sets aside "fun money" for this purpose and avoids spending on high-end designer items. His key message: gamble only with money you can afford to lose. Football Picks for the Week Get ready for some action with Franco’s picks for this week. He’s recommending the Cincinnati Bengals at +6 (consider buying up to +7) and the Colts Moneyline (currently -142 or -145). These picks could be crucial for your betting strategy! Market Update (Cromford Report): Here’s the latest on the market: National Inventory:  21,000 active listings, up 35.8% from last year. Arizona Inventory:  21,000 listings, a 29% increase from last year. Days on Market:  71 days, up from 69 last month and 58 last year. Listing Success Rate:  72.6%, improved from last month but down from last year. Seller Concessions:  At a 15-year high, with 56% of sellers offering an average of $10,000 in concessions. Thank you for tuning into episode 006 of the Franco Dinh Show! We appreciate your support and interest in our updates. Be sure to connect with us across our social media platforms for more insights, giveaways, and real estate tips. We’d love to hear your thoughts and engage with you. See you next time!