Owner FAQs

Designated Broker & Founder Bonnie Kingcannon has had her Arizona Salesperson license since October 2008 and her Brokers license since October 2022.

Our business hours are M - F from 9am-5pm. Emergencies are responded to outside of these business hours.

We offer ACH debit straight to our owners bank account.

We will provide you a copy of the executed lease once it’s signed by all parties. As your Property Manager, we will sign on your behalf. We use the Arizona Association of Realtors lease agreement, which has been written by Arizona Real Estate Attorneys.

Landlords are required to accept Section 8 vouchers as a source of income.

Yes! We are a one stop shop! We assist sellers, buyers and landlords every day!

We pay owners between the 10th-15th of the month as well at month end for any rent stragglers.

Rents come into Thrive Realty where they are posted to each tenant's ledger account. We then pay city sales tax, vendor bills, and then owners.

A typical unfurnished, long term rental is a 12 month lease. However, this can vary by property and landlord.

Equal to One Month's Rent.

As soon as you're ready, we are ready!

Single Family, Multi Family, Commercial Offices and Retail spaces.

You will receive an owner statement with a description of your income and expenses on a monthly basis.

Thrive Realty will hold your tenant security deposit in the broker trust account and will release as necessary according to the law, when the tenant moves out.

After a sharp increase in home prices over the last few years, there is a bit of stabilization. While prices remain relatively high compared to historical averages, the rate of increase has slowed, and in some cases, prices have plateaued or slightly decreased.

Reach out to one of our dedicated Realtors at Thrive Realty. At Thrive Realty, we are extremely familiar with market trends in your immediate area. We know how in-demand housing is the Phoenix Metro area as well as the value of homes in each neighborhood.

Check out our video on what to expect during the home buying process.

Some highly regarded suburbs around Phoenix include Paradise Valley, Scottsdale, Peoria and Chandler. These areas are known for their upscale amenities, good school districts, and attractive communities.

Generally, the buyer will pay between 2% and 4% of the mortgage in closing costs.

The median sale price of a home in Phoenix was $462K last month, up 5.5% since last year.

Phoenix, AZ, is experiencing ongoing development and new construction in various areas. Our team can give you a list of new construction subdivisions that fits your needs.

Credit Score & Report, Monthly costs of home ownership, Down payments, Finding a trusted Realtor and Lender (we can help with both) and getting Pre qualified.

Phoenix inflation has moderated and is below the national rate. Real income growth has accelerated but retail plus remote sales have lost momentum.

Affordability: Phoenix offers relatively affordable housing compared to many other major U.S. cities, making it easier for first-time buyers and families to find a home that fits their budget. Job Growth: The city has a booming job market, particularly in tech, healthcare, and finance, which provides stability and plenty of opportunities for career advancement. Great Climate: With over 300 sunny days a year, Phoenix boasts a warm desert climate, perfect for outdoor activities year-round, especially if you love the sun! Outdoor Lifestyle: Surrounded by beautiful mountains and parks, Phoenix offers ample opportunities for hiking, biking, and exploring nature, making it ideal for outdoor enthusiasts. Strong Community: Phoenix has diverse neighborhoods with a vibrant cultural scene, friendly residents, and plenty of local events, fostering a great sense of community.

The housing market in Phoenix is pretty competitive right now. There’s a ton of demand, as lots of people are moving to the area, which means there are plenty of buyers on the hunt for homes. Unfortunately, the inventory is low, so good properties can fly off the market in just a few days. If you find a place you like, you’ll need to act fast! Prices have also been on the rise, so waiting might not be the best strategy. Plus, many investors are actively buying up homes, making it even tougher for regular buyers to snag a property. Overall, while it can feel a bit challenging, with the right guidance, you can still find a great home in Phoenix!

In Phoenix, you’ll find a diverse range of homes to choose from. The most common are single-family homes, which vary from cozy bungalows to larger family-friendly options, often featuring yards for outdoor living. Townhouses are also popular, especially for those seeking a low-maintenance lifestyle; they usually have shared walls and may come with community amenities like pools or parks. Condos cater to buyers looking for a more urban vibe, often located near dining and entertainment. Ranch-style homes are prevalent as well, offering spacious, single-story layouts that are easy to navigate. Additionally, with the city's growth, many new builds are emerging, featuring modern designs and energy-efficient features. For those seeking something more upscale, there are luxury homes in various neighborhoods, complete with stunning views and high-end amenities. Overall, Phoenix has a little something for everyone when it comes to home styles!

the average time to close on a home typically ranges from 30 to 45 days. This timeframe can vary depending on several factors, including the type of financing, the complexity of the transaction, and how quickly both the buyer and seller can complete necessary paperwork.

Hiring a Realtor at Thrive Realty when buying or selling a home in Phoenix can be a smart move for several reasons. First, our Realtors have in-depth knowledge of the local market, including pricing trends, neighborhoods, and available properties, which can help you make informed decisions. We also have access to a wide network of listings, ensuring you don’t miss out on potential homes or buyers. When it comes to negotiations, our Realtors can advocate on your behalf, helping you secure the best price and terms, whether you’re buying or selling. We handle the paperwork and legal aspects of the transaction, reducing the stress and potential for errors. Plus, we can guide you through the inspection process and any contingencies, ensuring everything goes smoothly.

An agent with a solid track record in the local market can navigate challenges and offer valuable insights. It's also important to find someone with strong local knowledge, as they can provide advice on neighborhoods, market trends, and community vibes. Depending on your specific needs, you might want an agent who specializes in certain types of properties or demographics. Strong communication skills are essential, as a good agent should be responsive and keep you updated throughout the process. Look for someone known for their negotiation skills, as they can help you secure the best deal. Checking online reviews and testimonials from past clients can give you insight into their professionalism and work ethic. If you're selling, ask about their marketing strategy to ensure your home gets maximum exposure. A well-connected agent can also recommend other professionals you might need, like inspectors or mortgage lenders. Finally, trust your instincts—working with someone you feel comfortable with and who understands your needs can make all the difference in your buying or selling experience!

Real estate agents in Phoenix determine the value of a home using several methods. First, they conduct a Comparative Market Analysis (CMA), which involves analyzing recently sold homes in the same area that are similar in size, style, and condition. This helps them gauge what buyers are willing to pay for comparable properties.

The average compensation rate for real estate agents typically ranges from 5% to 6% of the home's sale price. This compensation is usually split between the buyer’s agent and the seller’s agent, with each receiving around 2.5% to 3%. However, these rates can vary based on factors It's always a good idea to discuss compensation structures upfront to ensure clarity and agreement before proceeding with any transaction.

Yes, a real estate agent can absolutely help with both buying and selling a home in Phoenix! Many agents offer services for both buyers and sellers, leveraging their expertise in the local market to benefit clients on either side of the transaction.