July 14, 2020|Arizona Phoenix homes, Arizona Real Estate, Buy House, Cash offer for houses, Chandler Realtor, Invell Homes, Investing, Mortgage Loan, Phoenix Rentals, Sell House
On average 200 people move to Arizona on a daily basis. People are actively looking to Buy and Sell in today’s market, despite the pandemic.
In today’s world we have technology that allow people to schedule tours and view new homes via video, There can be less personal contact between Realtors and Buyers/Sellers due to communication through E-mail, creating simple signature and transfer of documents between buyer/seller and agent. This is a response to keep people safe through a pandemic. Which means you can still find your dream home!
People have shown concern about the crash of the stock market, which has caused much chatter about crash in the real estate market. The stock market has no relation or effect on the current or future real estate market. The residential inventory of housing is low, as low as it has been in a while, making it a little bit more of a seller’s market. Houses are selling fast, the average day’s on market for a home today versus one year ago is significantly shorter.
To be fair to buyer’s, it is also a great time to buy due to mortgage rates being at an all time low as well! Depending on your financial profile and initial deposit, your mortgage APR could be as low as 2.5-3%. That is an outstanding rate. If there is any time to buy, it’s NOW!
My advice to people looking to purchase a home but thinking to wait a few months in thoughts the market prices will decrease, they WON”T!
Market prices as well as Rental prices will only increase within months. The best time to buy is when you are financially able to make that step! If you are looking to buy or sell your home, get with a Real Estate Professional, someone who is familiar within your desired area, and start looking. When you pay a professional to help you, you are more likely to find exactly what you are looking for within a reasonable time frame. Real Estate Consultants educate themselves to help alleviate the stress of searching for your Dream home!
There are a lot of legal steps to purchasing a home/mortgage and to selling a home to the right buyer for the right price. Talk to a Real Estate specialist in your area, about your houses value, or talk to them about your needs in searching for a home.
Don’t put your needs on hold to wait on the market! The right time is now and we can connect you with a Real Estate Professional that’s right for you!
Contact Invell Homes and we can best direct you to the right type of professional based on your individual situation. We are aware not every person has the same circumstances and our goal is to find the best solution when assisting you!
