Our agents specialize in assisting all type of home buyer purchase real estate transactions in the Metropolitan Phoenix area. Some of the cities we service are Phoenix, Scottsdale, Cave Creek, Carefree, Fountain Hills, Peoria, Glendale, Rio Verde, Mesa, Queen Creek, Ahwatukee, Chandler, and Queen Creek. Whether you are a first time home buyer, a seasoned buyer, or an investor, the Phoenix real estate market presents a tremendous opportunity.
First Time Home Buyers
While the Phoenix Arizona real estate market has realized a convincingly strong pull back since 2007, the reality is that the home prices that were seen during the boom of 2003 – 2006 were not sustainable. Home prices are now even more affordable than “pre-bubble” pricing and at certain price levels, homes are selling very well. Combine that with EXTREMELY favorable interest rates through 2014 and it is almost a no-brainer when deciding to buy vs. rent. Nearly all of our home buyers are now paying less than on their mortgage they had been paying in their rental fees. It does take about 3% down to qualify for an FHA loan, but there are still some areas in the Metro Phoenix area that offer 100% financing through the USDA loan program. Don’t be intimidated by the loan process. While guidelines are tougher, it is NOT impossible to get a loan. Let us help you understand what is required.
Second Time Home Buyers
For a second time residential real estate home buyer there are a lot of purchase opportunities in today’s Phoenix real estate. Often we find that home owners are reluctant in considering the sale of their current home because market values have pulled back so much. However, if owe less on your home than the market value of your home, now is a great time to consider upgrading; you could wind up owning more home a mortgage payment that is the same or perhaps even less than what you are currently paying on your home.
Whether you are an investor who likes to rehab and “flip” property, or you are an investor looking for long term cash flow opportunities, we can help. We ourselves are real estate rehab specialists and landlords, so we have an intimate understanding of the Phoenix real estate rehab market and our experience in the purchase and rehab process will allow you to realize the greatest return on your investment. We are also represented at the Phoenix home foreclosure auctions every day so we can help you purchase there as well.
Currently we are seeing tremendous opportunity in the investing of multi-family residential real estate. There are excellent cap rates are 4-plexes and larger buildings as well.