Look into Prescott AZ. Prescott has one of the best schools systems in Arizona. Prescott sits at 5300 feet. It's got great weather and pine trees without the scorching heat of the desert summers. Home prices are good now but I don't think anyone can say what they will be in two years. The real thing to look at is the interest rate which is still very low. I don't see the interest rates being this low in two years. I think now is the time to buy. You are welcome to call me directly with questions.
Homes here are selling at market value comparible to sold properties in the same area. Some sellers have been satisfied closing below asking price. There is no charge to ask questions, and answers are free. If you like the desert you can get quite a bit in Yuma. Take a look!...
Hope you have a chance to look at these. And if you are not coming to Yuma, Please tell all those who are...! This has been Bill Heick from RE/MAX Territory Yuma, reporting...have a smiling kind-a day!
As for areas? That's another can of worms. What are you looking for in a neighborhood? Schools? Shopping? Value? etc....?
Any REALTOR, or Lender can tell you that the time to buy is now. For a simple reason, Interest Rates are historical lows, and they wont last for ever. If you can afford the price of home, can you afford to get stuck with a high interest rate?
Also an acre in Scottsdale will fetch a pretty penny. So I advise you to rethink what it is that is most important to you and prioritize them. If you can live without something, or sacrifice something that is not as important, than you might find that an Acre in Scottsdale is too expensive or unfeasible. You might find that a bigger and less expensive home can be found in the West Valley, on an acre. You may have a 40 min drive to Scottsdale. But, if you don't mind the drive I suggest you look across the valley. Finding the right home or place should not be left for someone else to decide, You should have the final Say.
The past few years of sky rocketing home prices, interest lists with new home builders, and investor flipping have created a perception in some that real estate is like the stock market. Buyers and seller were monitoring the market on a daily basis trying to predict when it was time to make a move.
Here is something to keep in mind - There is a fixed amount of land (with the exception of a few volcanos here and there) and an ever growing population. If you looked at home prices since the very first sale up to now, you would see that home prices have consistently risen. Corrections in certain markets do occur occasionally, but overall the trend is UP. (Simple supply and demand economics). I find it interesting that most new cars on the market today cost more than the first home my parents purchased when I was a child.
As you know, there is a generous inventory of homes for sale in the Phoenix area. It is common to get "stuck" looking for the perfect home. Having a time line and defined goals will help you navigate your way to your next home. Find a Realtor you are comfortable working with and you feel has your best interest at heart and stick with that person. The process will be much easier and more enjoyable if you work as a team with open and consistent communication.
I am confident you will know when the time is right and which home is right for you when you see it. Isn't it time to join us in the Valley of the Sun?
I would prefer to listen to what your needs are and give you a list of homes in multiple different areas of the Valley. Anyone that is trying to get you to buy in a certain area could be accused of 'steering'. There are many areas of AZ that all have their qualities, positives and negatives. Do your research and buy where you want to buy...Listen to all the 'opinions' to narrow your search and then look in your selected few areas. If you need any more info, please feel free to visit my website at http://www.findmeahomeaz.com
I know you mentioned the Scottsdale area but is there a particular reason you are looking in Scottsdale? I live and work in the Prescott area and find that area has many wonderful attributes including lower temps than the Scottsdale area. It has been named one of the best small towns to live in many times over the past few years. Check out the article in Money Magazine or Inc.com which named Prescott #13 in best samll cities. Next time you are in Arizona please drive up the hill to the "High Counrty" and check out Prescott.
Right now is the best time we have had in many many years to buy. Chandler, Gilbert area or anything east valley are the best for re-sale. I recently purchased a home that is 3000 square feet, four bedroom, plus den, formal living, dining, open greatroom, two and a half bath, three car garage, snail shower, granite, single level out the door for $463,000 in Beautiful Chandler Arizona. contact me and you can still get this any many other deals like this. No one knows when our market is "best" but the media will hurt us by thinking they can predict, if anyone ever tells you they know anything, they are not being honest, noone has a crystal ball.
What did you like when you were here? When do you want to move? When do you see your family in Arizona? I must confess that I am not a fan when the newspapers try to "predict the future." Espically when it comes to real estate. The market changes all the time, as you have watched in the last year! I wish there was a crystal ball to know what the market will look like in 2 years!
Do you want to wait 2 years? What is your time frame? Truly, there are many good values out there! Making a big move like this is packed with emotion. Talking with different REALTORS will help you to make the right decision for you. You should be comfortable with the person who is working for you. They should be armed with all the resources that will help you make the best financial decision for you!
If I can be of service, please fell free to contact me.
Save for the ACRE requirement, what you are looking for exists in many parts of the valley. On one of your visits, meet with Realtors from a couple different areas... the valley is BIG, and it is hard for one agent to specialize in all of it. The acre lots are either much more expensive, much further out, or in much older areas. The good schools are perhaps more critical, too. Lots of variables, as you know. Good luck, and feel free to ask me any further questions for help!
Since I do not work actively in the area that you are looking into I would like to answer the first part of your question.
The best answer for 'when' is one that depends on your situation. I take what the media declares as the end-all with a grain of salt. The bottom line is that if you can't wait, then don't! In general this is a great time to buy.
Will the prices go down in the next year or so? Here's the honest answer: No one knows! Therefore the more important question is whether or not you plan on staying in your new home for more than a couple years. If the answer is yes, than it doesn't matter what the market does in the meantime.
Being a third generation real estate agent there is one thing that I do know: With time your real estate investment is much more likely to appreciate than not.
In California from about 1989 to 1990 many ran around screaming that the sky was falling. Some sold their homes and moved out of the state but those who hung in there saw a fantastic rebound within only a few years.
Those who hurt the most from a leveling in the market are those who have to sell quickly or those who have over leveraged themselves with aspirations of being an overnight real estate mogul. You donâ€™t sound like you fit into either of these categories.
Being from the Seattle and Bellevue area I know Newcastle well. I spoke with an agent friend of mine up there just before responding and with great discussion we decided that this is a great time for you to make your move.
The reason we came to this conclusion is that she was telling me that the market up there has been relatively balanced and has not seen too many losses. Meanwhile, here in AZ we have seen increased market times. Is it a buyer's market here? That severely depends on the specific area.
Best of luck!
At the end of the day you can get far more home and land for your money in Arrowhead than you can in Scottsdale. And the schools, whether in the Deer Valley district or Peoria district, are among the best in the state.
You can check out the below web site for more information on Arrowhead and you're welcome to contact me offline.
After living in the Valley for 30 years, both in the east Valley and the west, I can tell you that I don't live and work in Arrowhead because I have to. It's because I love it up here.