Bobby Lieb

DRE No: BR007861000


(602) 376-1341

Bobby's Blog

What is my home worth?

Posted On: April 2nd, 2017 3:16PM

 

First off, thank you to all of my clients for helping me to become the #1 HomeSmart agent in the country for 2016, not only for sales(140 homes sold ) but also for sales volume ($79 million). I am very appreciative of your continued support for the past 25 years. So far in 2017 we have sold 35 homes totaling more than $20 million.

 

I have often been asked what some of the biggest challenges are that I face when going on a listing appointment and far and away the number-one issue to me is that sellers see their home values sometimes inflated on Zillow and Trulia and are upset if they find out those numbers are not accurate BY THEIR REALTORS. Those internet sites are off more than 50 percent of the time by about 15-20 percent. I understand that nonrealtors do not have access to MLS and the internet sites are their only sources but neither realtors nor appraisers rely on the internet values. They rely on past sales and multiple listing comps.

 

The other issue that I experience in our neighborhood is older homes that are not historic but are situated on large parcels of land. I sold a property at 130 E. Missouri last year that was a 4,000- square-foot house, more than 60 years old and situated on a 2-plus acre lot. The property was listed by an agent for more than $2 million for three years, never sold and the seller called me for my help. I told him the home was a tear down and the value was in the land. We listed the property at $1.85 million and it sold in five days for $1.8 million to a developer. The home was torn down and is being developed into eight home sites. I realize some of the neighbors were upset because the home was not saved but the seller got the most money for his property because of the land and realized there was no value for a 60-year-old home. I also sold 1316 W. Myrtle last year for $975,000k for 2 acres and the old home on the property was torn down and is making way for six homes being built by Porchlight Homes. There is no value in the homes and stables for some of these old horse properties and my job as a realtor, plain and simple, is to get the most money that I can for my sellers. I realize this does not make everyone happy to see the developers buying these old properties but if they were the sellers of these homes they would understand. Besides, these new homes being built only help the neighbor's property values increase.

 

I have been involved in five sites in central Phoenix the past three years with sales of home sites of 2-plus acres. If you have a large parcel that you are considering putting up for sale, please give me a call. Once again, I appreciate all the support that many of you have given me over the past 25 plus years.

 

I have sold more than 3,000 homes and many of them have sold two or three times.

 

Bobby Lieb

Associate Broker

HomeSmart Elite Group Manager/Founder

5225 N. Central Ave., Ste. 104

Phoenix, AZ 85012

Mobile: 602-376-1341 Fax: 602-996-9141

www.centralphx.com www.biltmoreazagent.com

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My Dad, A Phoenix Icon

Posted On: March 14th, 2017 9:33PM

I wrote the following article five years ago when my dad passed away. I was brainstorming to write another tribute to my dad but decided that this article stands the test of time. I miss you, dad. My dad, Herb Lieb, passed away on Feb. 24, 2011, after just celebrating his 91st birthday. Dad was born in Chicago, left to fight in WWII and actually landed on Normandy Beach. After the war, he met my mom, Sharon. They lived in several locations before they divorced. My brother Michael and I moved with our mom to Atlanta and dad moved to Phoenix in 1965. Dad became partners with Geri Kagel in Kagel's ladies’ store in Park Central Mall. In 1970, he opened Herb's Underground at Central and Clarendon avenues, which was Phoenix's first disco. He sold the Underground after three years and then had Jerry Hassett build the Jockey Club Nightclub in 1976, which was located at 20th Street and Camelback and was the first private disco in Phoenix. I graduated from college in 1978 with visions of playing professional baseball but instead I was hired to manage the Jockey Club at 22–and what a run it was. I met so many great people through my dad and even hired a disc jockey from another club, MaryAnn Ortiz, who worked for me (I mean I worked for her) for five years. In 1986, MaryAnn and I got married and now we have two college-age kids, Sean and Juliann. In 1989, Burt Lewin, Mal Straus and Mike Hayes worked with dad to open another Jockey Club and we opened at Central and Camelback. Once again, I met wonderful people and we enjoyed this club until 1996 when we sold it to Sweet Tomatoes. My dad then retired and started to enjoy his life without the burden of a business to run. Michael and I really enjoyed visiting dad twice a year when we were younger and it was truly amazing how many people my dad knew from going to Rocky's Hideaway, Bobby McGee’s (where dad had a booth reserved for him at every location) and the other places where all the Phoenicians used to hang out. I also remember how wonderful dad's friends were to Michael and me. Instead of treating us like the little punks we were they always treated us respectfully, like we were adults. As my dad grew older, the respect his friends had for him just grew stronger. They all had stories about dad and they all used to tell me how he always had time for them no matter what the situation was. He was like a second father to many people out there. The greatest tribute to my dad was the more than 275 people who attended his funeral and the more than 100 cards that my brother and I have received over the past four weeks. My kids and my brother’s kids, Stephanie and Jeffrey, gave eulogies about what a great grandpa dad was and there were eulogies from his friends. A special thanks to the many people who were there the past few weeks to make my dad's last few days comfortable: Rabbi Herring, Bill Saul, Mike Davis, Bob Sikora, Jan and Wendall Chapman, Arlene Copley, Sherri and Sandy Germaine, Shannon Lieb and his grandkids. There will never be any more stories from dad but there will be hundreds about dad for the years to come. We also have CDs of his numerous birthday roasts. Dad, I wish I could hear one last story from you but just know that I love you very much. Your legacy is the many friends that you left behind and also the wonderful family that loved you dearly. Guess what, dad? You now have a new captive audience to tell your many stories to. WE MISS YOU.

 

Bobby Lieb

Associate Broker HomeSmart Elite Group Manager/Founder

5225 N. Central Ave., Ste. 104 Phoenix, AZ 85012

Mobile: 602-376-1341

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North Central News

Posted On: February 22nd, 2017 7:29PM

I am still excited to see all the new restaurants that keep opening up in North Central and they all seem to be busy. I truly feel the reasons for the crowds are because we are getting more and more new families moving to our ‘hood, which is no longer a secret. There is so much to do in North Central, easy access to all areas of town and you get a great bang for your buck in purchasing a home, especially compared to Arcadia. I find that a lot of these young families are moving to North Central because of all the old homes being torn down and the many new homes being constructed in its place. Changes are a necessary evil if you want growth and it is long overdue. Last year I sold 135 homes, both new and resale, and I represented Porchlight Homes with their eight new home sales. I also represent the following builders with their new homes: Regal American Homes, Diamond Key Homes, Empire Residential, all of which are all building new homes in North Central, and Metro Living LLC, which is building 29 homes on 7th Street just north of Thunderbird. Here are all of our current new home projects for sale: 1. Porchlight Homes at 13th -15th Avenue and Myrtle. Eight new home sites and two have already been sold. Base prices start from $525,000 to $595,000. Square footage is 2,800 to 4,000. You have the ability to pick which home you want and customize the way you want. 2. Regal American Homes at 5th Avenue and Bethany Home Rd. Four new homes and one is sold. Two homes are 3,300 square feet, and one is 3,800 square feet .Prices range from $650,000 to $775,000. One spec home currently available and one under way. 3. Empire Residential at 7th Avenue and Butler. Gated 10 home subdivision. Square feet range from 2,300 to 3,800. Prices range from $735,000 to $900,000. Two spec homes underway. 4. Diamond Key Homes at 18th Street and Palmaire Avenue (just north of Glendale). Four new homes (two sold) ranging from 2,900 to 3,300 square feet and prices are $749,000 to $835,000. Two specs available now. They will build two new homes in 2017 at 18th Street and Aurelius just south of this site. 5. Metro Living LLC at 7th Street just north of Thunderbird. Twenty-nine homes ranging from 1,640 to ,1912 square feet. Prices range from $275,000 to $315,000. Two specs up now. Pick your model. ...and of course we have 35 resale homes currently active. We have already had 12 sales so far in the first two weeks of 2017. Thanks! My favorite North Central business currently is located on 16th St/Camelback--Fitness 4 Home Superstore..Best fitness equipment in the valley with some used machines also for sale. I have a full gym at my house stocked by them. They do have multiple stores t/o the valley. Huge store with everything under one roof. Have a great February. 

Bobby Lieb

Associate Broker

HomeSmart

Elite Group Manager/Founder

5225 N. Central Ave., Ste. 104 Phoenix, AZ 85012

Mobile: 602-376-1341 Fax: 602-996-9141

www.centralphx.com www.biltmoreazagent.com

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Happy Holidays!

Posted On: December 20th, 2016 8:50PM

 

I want to thank all the North Central residents for allowing me to sell more than 130 homes in 2016 with an average price of $560,000. It was an exciting year in our market and I expect 2017 to be even better. I really appreciate the North Central News because it has been a fabulous marketing tool for me for over 15 years. The two-page middle spread has been very effective for me and I really enjoy the feedback that I get from this monthly article as well as the total of three pages that I do every month in this paper. I also appreciate the clients listed below who have allowed me to place my sports magnets in their respective businesses for well over 12 years. You can always pick up the Suns, Cardinals or D-Backs. I grew up in the south so sorry I am not a hockey fan.

• Shell Gas Station, 7th Street and Maryland • Hester, Heitel and Associates, 7th Street and Maryland • Cabinets by Design, 7th Street and Maryland • Tony’s Cleaners, 7th Street and Maryland • Scott’s Generations Deli, 7th Street and Missouri • The Stockroom, 7th Street and Rose Lane • Foothills Sports Medicine Physical Therapy, 7th Street and Glendale • Du Nails, 7th Street and Glendale

 

• Orangetheory, 7th Street and Glendale • UPS Store, 1st Avenue and Glendale • Squaw Peak Cleaners, 7th Street and Glendale • The Fit Alterations, 7th Street and Palo Verde • True Value Hardware, 12th Street and Northern • UPS Store, 16th Street and Glendale • Kodi’s Pet Foods, 16th Street north of Bethany Home • Niccoli’s Italian Deli, 16th Street north of Bethany Home • Salon Estique, Central and Camelback • House of Trophies, 16th Street south of Camelback • Tops Physical Therapy, 16th Street and Missouri • Art of Framing, Central north of Camelback • Popat Orthodontics, 16th Street and Maryland Best wishes for a healthy and happy 2017!

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Thanks for your support!

Posted On: October 3rd, 2016 6:51PM

Happy October to all of you in North Central land. Probably the most difficult thing that I have done in the past 10 years is writing this monthly column because it is not easy doing this since I am not a writer. I truly appreciate the 25-30 emails and calls that I get every month complementing me on this article and its content. My dad moved to Phoenix (North Central) in 1964 and my brother and I would come out here twice a year to visit him from Atlanta. It is absolutely incredible how this area has changed in the past 50 years and even more amazing in the past five years.

Growing up in Atlanta, my friends would always make fun of sleepy Phoenix, Arizona, which they imagined consisted of only desert and cactus (they were not too far off). When my brother and I would fly from Atlanta to Phoenix, there were zero non stop flights. We always had to touch down in two different cities before touching down in Phoenix. Nobody makes fun of Phoenix anymore and thank goodness we can fly non stop between cities now! It is safe to say that Phoenix has changed for the better in the past 25 years. Once my dad and I sold our nightclub, The Jockey Club, in 1993, I knew that I wanted to specialize in selling real estate in Central Phoenix. Guess what? Twenty-five years ago the realtors who sold in Arcadia, Paradise Valley and Scottsdale made fun of North Central, similar to what my Atlanta buddies used to say about Phoenix. Twenty-five years later, with all the new housing, new businesses, great schools and incredible location, the agents realize how powerful North Central is now and even try to sell or list here. Very similar to what the country use to think about Phoenix, Central Phoenix is a very powerful area to live in and raise your family. It took some changes but nobody makes fun of us anymore!! I want to thank everyone for helping me achieve the #2 ranking for residential real estate in the 2015 Business Journal based on sales volume and sales.

There are more than 20,000 licensed realtors in Maricopa Country so this is an incredible honor for me, especially considering that I specialize in North Central. I also want to thank North Central resident attorney Ben Green and his firm, Benjamin C Green, P.L.C., for providing two recent presentations before two separate HomeSmart groups on the risks of DUI, license suspension issues and underage drinking issues. Ben practices in the areas of criminal/DUI defense and MVD administrative proceedings. Ben represents both adults and minors in criminal, DUI and other alcohol-related offenses. He also assists clients with driver's license suspension issues. Ben can be reached at www.bengreenlaw.com. I look forward to hearing from all of you every month. You can email me at boblieb@aol.com or call me at 602-376- 1341. Thanks!

 

Bobby Lieb Associate Broker

HomeSmart Elite Group Manager/Founder

5225 N. Central Ave., Ste. 104

Phoenix, AZ 85012

Mobile: 602-376-1341 Fax: 602-996-9141

www.centralphx.com www.biltmoreazagent.com 

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