A good local friend and Broker, Jay Thompson hit’s it on the head with investors coming to the valley and buying up foreclosures! The inventory rate has shrunk and there are less and less foreclosures to purchase! Jay states there are less than a month’s worth of Arizona inventory homes in the single family home market for foreclosures! I’m here to tell you, he is spot on!
I’ve helped a huge amount of Canadian clients picking up second homes, vacation homes and investment properties in the Queen Creek and the Mesa area and will be back to business this week with three new clients doing the same from Canada! I love my Canadian clients, they really are some amazing and kind people and make my job so much fun!
I’ve even heard speculation that come November there is going to be another wave of foreclosures coming on the market! There are still plenty of deals to be had and if you are patient and diligent about allowing a real estate professional guide you and help you find the right home, you no doubt will put yourself in a win/win situation as a new investor or seasoned investor! If you are a first time home buyer, buying now with the first time $8000 tax credit is just one of the many pluses for you by end of year!
If you are considering jumping into the investment market or looking to pick up a vacation home in Arizona then be sure to be prepared for the following:
1. Do Your Homework!
2. Prepare for a Bidding War!
3. Expect to Pay More than List Price!
4. Call Candace have her set up a personal portal of the new homes, existing homes on the market in the area you hope to become a new investor or first time buyer in!
Search Phoenix Single Family Foreclosures Under 200K |
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Love the video. Arizona looks like the place to be.
Great post! Everyone should master the tips when one considers to invest.