Is this a great time to buy?

Asked by dbsearch, Phoenix, AZ Fri Mar 15, 2013

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This question was asked from this property: http://www.trulia.com/property/3106218859-Fireside-at-Norter…

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Ann Griffin’s answer
Ann Griffin, Agent, Mesa, AZ
Mon Mar 18, 2013
Yes, and I agree with my colleagues below about interest rates and home prices. Inventory is great over $300,000 prices but tight below

One caution: the loan process is incredibly detailed and can get very frustrating. If you are able to purchase with cash, you may wish to do so. If you can't, be prepared!
0 votes
Bianca Benne…, Agent, Glendale, AZ
Sun Mar 17, 2013
YESSS!

Three reasons why buying is the greatest opportunity for you today:

1. Interest Rates

There is never been a cheaper time to buy a property using banks money than today, which means your payment will be less.

2. Home Prices

Home prices are lower than they were during the “Boom”, as low as it was in 2002 – 2003 Nationwide.

3. Inventory
There are more homes for you to choose from than ever, there are so many options!
0 votes
Jennie Miller…, Agent, Phoenix, AZ
Sat Mar 16, 2013
A lot of people certainly think so! This is a very busy real estate market.
0 votes
, ,
Sat Mar 16, 2013
Absolutely, YES!!! Property is priced very realistically. Rates are at record lows. Rent is high and getting higher. So whether you are purchasing a home for you and your family or you are looking for an investment property. The market has not been better. You may have to make multiple offers.
The four most important recommendations I would give you are these:
(1) Work with and take the advice and counsel of qualified professionals. The idea of getting your real estate and mortgage advice across the backyard fence or from your hairdresser's cousin's girlfriend's brother-in-law is the equivalent to performing stay-at-home major surgery.
(2) Be PATIENT. Sellers who sell in a hurry and Buyers who buy in hurry may live to regret the price, the location, the neighborhood, the house size, layout, etc. This is a large ticket item and not to be quick in or out of.
(3) Remember with real estate it is location, location, location and making the home work for you and your needs.
(4) it is better to be house poor and cash rich than to be house rich and cash poor. In other words buy a house that fits your finances and still puts money in the bank.
I am a Mortgage Banker that lends in both Arizona and California where I will be pleased to help you. If you or someone you know is looking for financing options, please feel free to contact me or pass along my information. 623-340-0934 Korene Clopine-Seaman NMLS # 218520 AZ LO- 0916745 CA DOC 218520 KLCSLoanTeam.com We are Direct Lenders, WE CLOSE LOANS! You may hear more information on YOUR Source For Real Estate on Money Talk Radio 1510 AM each Saturday from 12:00 Noon until 1:00 PM
Good Hunting!!!
0 votes
Kawain Payne, Agent, Seal Beach, CA
Fri Mar 15, 2013
Yes!!!!
Interest rates ar at record lows, making home buying more affordable even though prices have risen.

You will need to set realistc expectations and be patient.

Inventory in many major markets is still on the low side.. This causes multiple offers to be written on a single property.

Your hard working agent may have to submitt multiple offers before you actually get one accepted.

Best Of Luck to YOU!!!!!
Kawain Payne, Realtor
0 votes
Abu Musa, Agent, New York, NY
Fri Mar 15, 2013
This is the best time to buy.
0 votes
Doug McVinua, Agent, Gilbert, AZ
Fri Mar 15, 2013
Many signs point to this being a good time to purchase real estate in the Phoenix market. Inventory is low in most price ranges, interest rates are great, jobs are up locally, the weather is great.

Does that make every home a great buy, no! Some are still overpriced for what they offer and need to be evaluated.
0 votes
CAgent007, Agent, Scottsdale, AZ
Fri Mar 15, 2013
Hi Dbsearch


Yes it’s a great time to buy because Rates are so low why not take advantage, the market is still increasing, we are no longer in a distressed market, and all factors are leaning and will continue to lean on the positive side.

There is a lot more buyers than listings, we are in a supply and demand effect. With short sales and lender owned properties no longer the bulk of our market we will continue to see a healthy buying and selling real estate market.

Competition is fierce in the lower price ranges. Looks like this is linked to FIRESIDE AT NORTERRA so you should have enough inventories to consider in the 400K + price range. There is a few subdivision linked to Fireside, the link below will pull up all actives for sale in all Fireside Subdivisions.

http://www.flexmls.com/cgi-bin/mainmenu.cgi?cmd=url+other/ru…

Do not hesitate to call/text or email me anytime.

Juan Pesqueira
American Associates Real Estate
Homes | Condos | Investments
Spanish and English speaking Realtor
Realtor, Appraiser
8930 E. Raintree Drive Suite 200
Scottsdale, AZ 85260
Office 480-458-8007 | Fax 480.767.7200
email: pesqueira2@cox.net
Websites:
TEMPE REALTY CO. http://www.TempeHomesCondos.Com
LAVISH PAD BOUTIQUE – http://AZLuxuryHomeBlog.Com
TEMPE REAL ESTATE BLOG - http://TempeRealEstateBlog.wordpress.com

Yes Dreams Come True, Let me Show You!
Web Reference:  http://AZLuxuryHomeBlog.Com
0 votes
Stephanie We…, Agent, Gilbert, AZ
Fri Mar 15, 2013
Yes! Pricing is on the rise and inventory is down so that will continue to drive pricing up. Additionally interest rates are projected to rise

http://realtormag.realtor.org/daily-news/2013/03/15/improvin…

http://realtormag.realtor.org/daily-news/2013/03/14/economis…
0 votes
Bianca Benne…, Agent, Glendale, AZ
Fri Mar 15, 2013
Three reasons why buying is the greatest opportunity for you today:

1. Interest Rates

There is never been a cheaper time to buy a property using banks money than today, which means your payment will be less.

2. Home Prices

Home prices are lower than they were during the “Boom”, as low as it was in 2002 – 2003 Nationwide.

3. Inventory

There are more homes for you to choose from than ever, there are so many options! If you remember 8 – 9 years ago you had a choice of 2 or 3 homes and you had to choose one of those 3, today you have a choice of 100. And lets not forget you can jump on some good opportunity, some good deals such as Bank Owen, Foreclosure and Short Sale properties.
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