Right now, with the excess of a foreclosure homes on the market prices are being driven down. Until that supply of home diminishes there will be bargains out there, especially in the outlying areas where computing makes those homes less desirable for the people that are still working.
This makes tremendous home bargains available for the newer homes in areas such as Queen Creek, San Tan Valley, Florence, Buckeye etc.
The neighborhoods are new, shopping is newer, they have good access to freeways, golf and doctors. Prices are aready at their bottom with small increase in recent months.
This is a great time to buy. The $8,000 tax credit has been re-instated for first timers or those that have not owned in three years. There is now a $6,500 Tax credit for existing homeowners. Additionally if you do purchase a foreclosure property, free grant money (up to 22% of the purchase price) is available if you live in the home for periods of 5, 10, or 15 years. This makes inexpensive homes already, even more affordable. Cheaper than renting.
If I can answer any more questions or show you some homes, feel free to give me a call. I would be pleased to help you.
Jeff Masich, RealtorÂ®
Arizona Homes and Land
HomeSmart Real Estate
I can't really add much more to what the other agents have presented, and I feel that Jeff has done a great job explaining the reasons for current prices on homes in Queen Creek.
The one thing I would add to this is to find yourself a good agent to work with, who can help you through the entire home buying process. I would interview a couple of agents to find one who is knowledgeable, and you feel you can trust will work best with you.
It's a nice reversal from a few years ago where homes were considered by many to be too expensive. Turns out they were right. Right now, in some areas, there are far more homes than there are buyers. It's the law of supply and demand. So, find some homes you like. Have a Realtor determine the comps and a real range of value. If the price and value are below your preconceptions, great. Make an offer.
Hope that helps.