Spring has finally sprung in Arizona-- great weather, spring training and the desire to get out and spend time amongst the majestic mountains and scenery. Maybe be nosey and check out some homes that have piqued your interest for some time? Below are some very compelling reasons to consider buying your next home or an investment. Brought to you in classic Letterman Style:
#5) LITTLE TO NO COMPETITION - With many prospective buyers holding off, there are fewer buyers to compete with for the available properties.
#4) ALL TIME HIGHS FOR RECORD INVENTORY - There are alot of homes on the market now! Who loves choices more than the American Consumer. Huge inventory + less competition = sweet deals!
#3) LOW INTEREST RATES - Strangely enough large drops in the prime rate have had the opposite effect on mortgage rates. Right now they are historically low however that can't last forever and with some of the new restrictions for lenders, they can't help but rise. Additionally when activity resumes they will rapidly escalate to higher levels. Huge inventory + less competition + low mortgage interest rates = sweet deals!
#2) NEGOTIATE ANYONE? - Buyers want to wait and wonder if the market has hit "bottom". "Bottom" is a relative term. Most people can only know the bottom when the market has already started to climb. Even if you should pay a little more than you think you might at a later date, normal appreciation would make the difference irrelevant within a short period of time. Huge inventory + less competition + low mortgage interest rates + sellers willing to negotiate = sweet deals!
#1) AVOID THE BURNS! It is absolutely gorgeous outside right now, and will be for a couple more months. If you are new to Arizona, you need to know it gets HOT--YES LIKE AN OVEN! Ever wanted to cook eggs on a sidewalk? Well here you almost can! If you have lived here through a summer, you already know that. Either way, this is the peak home buying season.
Huge Inventory + Less Competition + Low Mortgage Interest Rates + Sellers willing to negotiate + Fabulous Weather = Sweet Deals!
SO WHY WAIT...if you are renting....BUY...if you have a home to sell and can rent it out..BUY...you can sell later when the market returns....if you are unsure....BUY! Keep your eye on the BIG PICTURE...AZ will continue to grow and prosper for years to come. This is just a Hiccup! If you would like to buy a home...call Todd Hillman, DPR REALTY today at 623-979-3002. HAPPY HOUSE HUNTING!!!
