Tenant FAQs
Answers to your frequently asked questions
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What is the current real estate market like in Phoenix, AZ?
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. -
How do I determine the right listing price for my home in Phoenix?
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. -
What should I expect during the home buying process in Phoenix?
Check out our video on what to expect during the home buying process. -
Are there specific neighborhoods in Phoenix that are more desirable?
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. -
What are the closing costs I should budget for when buying a home in Phoenix?
Generally, the buyer will pay between 2% and 4% of the mortgage in closing costs. -
What is the average price of homes for sale in Phoenix?
The median sale price of a home in Phoenix was $462K last month, up 5.5% since last year. -
Are there any upcoming developments or new construction homes in Phoenix?
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. -
What should I consider when buying a home in Phoenix?
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. -
How is the job market in Phoenix, and how does it affect real estate?
Phoenix inflation has moderated and is below the national rate. Real income growth has accelerated but retail plus remote sales have lost momentum. -
Can you hold a place before I apply?
No, you must be approved before you will be given the opportunity to hold a property. Once approved, you will have 1 business day to pay the Earnest money in order to hold the property until you move in. -
Do I pay first month’s rent and last month’s rent with my security deposit?
On your move in day, you will pay the first month's rent, plus your security deposit minus your earnest deposit credit. -
How old do you have to be to apply?
All applicants must be at least 18 years old. -
Is the deposit refundable?
Security Deposits are eligible for refund after a tenant moves out, as long as the home is returned in the condition given originally. -
Who needs a cosigner?
Co Signers are by property and up to landlord discretion. -
You have a property I want to rent. How do I apply?
Each property has its own unique link. Please reach out to our leasing manager for the property application link. -
How do I pay rent?
Once you become a resident, you will be provided a tenant web access where you will pay your rent online. -
I want to get a pet. What do I do?
Before you get a pet, please contact your property manager to see if pets are permitted in your home. -
I want to move out, but my roommate wants to stay. What do I do?
Please contact your property manager to see if a roommate release is an option within your lease. -
My lease expiration is coming and I want to move out. What do I do?
All tenants are required to give a thirty day written notice before rent is due, atleast 30 days prior to their lease expiration date. So, if your lease expires 3/31 you will want to give your property manager written notice no later than 2/28. -
Who is responsible for paying for repairs & maintenance requests?
This varies depending on the issue at hand and the cause of the issue.