| Many home owners in Arizona are facing tough times | | | | a good work history, a descent credit score, and a |
| because of several underlying issues that home | | | | good debt to income ratio. Lenders are requiring higher |
| owners may or may not be aware of. An Executive | | | | credit scores, more income, and longer work histories |
| Sales Associate with Coldwell Banker Residential | | | | given the recent foreclosure rates. Lenders are also |
| Brokerage wants to discuss these issues so that you | | | | requiring more documentation on your assets and |
| have useful information to make an informed decision | | | | liabilities. |
| about your future regarding Real Estate in Arizona. Do | | | | When lenders raise the bar, not as many people can |
| what you will with this information. This is one Real | | | | qualify to purchase a home. This, combined with |
| Estate Agents opinion and makes no guarantees. | | | | builders and sellers flooding the market with home |
| Market conditions are impossible to forecast. This | | | | listings, is creating an overall slow down of the market |
| article is designed to tell you what has been happening | | | | because the public's confidence has weakened. The |
| in the past, and where we are today regarding | | | | growth in Arizona is still phenomenal. Arizona is now |
| Arizona Real Estate issues. | | | | the number one growing state in the entire United |
| Now may be an excellent time to purchase a home in | | | | States. |
| Arizona. The interests rates are good, the prices are | | | | If you are thinking about purchase a home, now may |
| low, and sellers are giving amazing incentives. There is | | | | be the best time with the current interest rates, and |
| no way to determine if the prices have fallen as far as | | | | the amazing incentives available. It is extremely |
| they are going to go, but home prices seem to be | | | | common for people to get into homes with zero down. |
| leveling out. Home builders in Arizona are still building | | | | If you are a seller, now may not be the best time to |
| massive communities on the outskirts of Phoenix, | | | | put your home on the market. If you have to move, |
| Mesa, Buckeye, Chandler, and Casa Grande. Builders | | | | consider renting your home out to a good tenant. A |
| would not be building if people were not buying these | | | | qualified Realtor will be able to help you put your home |
| homes. Yes, the builders are giving great incentives. | | | | on the market for lease. Lease option purchases are |
| Residential re-seller's are also giving great incentives | | | | also becoming very popular in Arizona. They are |
| because they are imitating the builder incentives. | | | | designed to help a person that does not yet qualify for |
| Home buyers in Arizona are facing a complicated | | | | a home have a possibility of purchasing your home at |
| decision right now. Should they live sixty miles from | | | | the end of the term of the lease. This gives someone |
| work and pay two hundred thousand dollars for a | | | | time to clean up their credit issues. However, a lease |
| home, or should they live ten miles from work and pay | | | | option purchase does not guarantee that the tenant |
| three hundred thousand dollars for a home? When | | | | must buy your home, they just have the option. |
| making this decision, it would be best to calculate how | | | | There is a link below, a website developed by an |
| much money you will spend on gas, how much your | | | | Executive Sales Associate with Coldwell Banker |
| vehicle will depreciate because of the amount of miles | | | | Residential Brokerage, that is truly helpful and is |
| you are putting on your car, how much time you will | | | | designed to educate the public. Definitely take a look at |
| spend away from family with a long commute, and | | | | the website if you have been thinking about buying or |
| how much traffic you are willing to put up with. It would | | | | selling a home in Scottsdale, Phoenix, or any other city |
| be wise to do a mathematical calculation on these | | | | in Arizona If you choose Coldwell Banker Residential |
| factors versus a higher mortgage payment to see | | | | Brokerage to represent you in a Real Estate |
| which would make more sense financially. However, | | | | transaction, of course they are going to make money. |
| other factors will be involved such as school districts | | | | That is not a secret. The seller always pays both the |
| and amenities. | | | | buying and selling Real Estate professionals. When you |
| Buying a home in Arizona is getting more difficult. | | | | are the buyer, you do not pay a Realtor. Choosing the |
| Lenders are raising the bar because of the drastic | | | | right firm to represent your best interests is of |
| increase in foreclosures. When there is a high | | | | paramount importance. Coldwell Banker Residential |
| percentage rate of foreclosures, lenders must raise | | | | Brokerage makes it mandatory for their Realtors to |
| their standards to protect their investments. Someone | | | | get proper education and training. They take the time |
| thinking about purchasing a home in Arizona will need a | | | | to train their Realtors properly so that your best |
| series of qualifications to get into a home loan such as | | | | interests are always number one. |