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Now is the Time to Buy, Not Rent in Gilber, AZ
I really have to say that Cindy Flowers put this perfectly. Now is definitely the time to buy in Gilbert! I have clients looking at their finances and they really can afford to buy, not rent!
Now is the time to buy, not rent in Gilbert, AZ. According to Forbes and several other authorities I myself have verified this statement. I've conducting my own research on a sample market in Gilbert that consists of single family homes that are for sale, under contract, or have sold in the past 90 days.
Forbes identified the top 6 cities in the U.S. where it is better to buy than rent and Phoenix, Arizona was one of those 6! As I reviewed the market for buying VS renting in the Gilbert area, I found that a typical single family home of 1750 square feet is renting for about $1,250/month. That same home, if purchased, would cost you about $1100/month. You could purchase this home for an average price of $169K. If a buyer puts 3.5% down, which is the minimum down payment on an FHA loan, their payments would be approximately $1100/month! When you consider that monthly renting payments are continuing to increse in ... more

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