Are You Still Waiting To Buy Real Estate In Phoenix Arizona?
Recently I have spoken to several people how have told me that they are waiting for the market to bottom before they buy. As we all know real estate like all investments goes up and down. However, the rise and fall of real estate prices are much harder to predict than the stock market.
There are so many outside factors when it comes to real estate both national and local influences.
In the Phoenix real estate market...everyone knows that it is a buyers market! What is also true of the Phoenix market is that the Phoenix area is still the number one area for growth in the US and we have the number one job market in the US.
With that in mind....here are 5 reasons why NOW is a great time to buy real estate in Phoenix Arizona!
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It is a buyers market. There are lots of seller's...and most of them are desperate to sell. Now is a great time to be one of a few buyers and get a great home for a great price.
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FHA loans once again have competitive interest rates. Buyers are no longer able to get 100% financing on home purchases, but with an FHA loan Sellers can contribute to the Buyers down payment.
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FHA loan limits have been increased. Three months ago FHA loan limits in the Phoenix market were around $230,000, but now you can get an FHA loan for over $350,000. In the Phoenix real estate market you can still get a great house for that price!
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Sellers want to sell. Long gone are the days of 2005 when Sellers were not willing to fix anything or negotiate price with any buyer. Now, Sellers are willing to negotiate everything from price, closing contributions, and repairs.
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There are so many options for home buyers! With SO many homes for sale in the Phoenix real estate market....you as a buyer will be able to find a great home and make a great real estate investment!
If you are interested in buying a real estate in the Phoenix real estate market...please give me a call!
Date: Monday, June, 30th 2008 @ 10:24:38 AMViews: 115
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