One of the most sought after locations in Maricopa County is Gilbert, Arizona. Still incorporated as a town (The Town of Gilbert) rather than a city, Gilbert was founded in 1920 due to the rail siding industry. Its popularity over time changed from railroad to hay to being centrally located in the Phoenix metropolitan area, with a population of 215,000 in 2008. Bordered by Chandler, Tempe, and Mesa, the town of Gilbert represents a desirable upper-middle class neighborhood in the East Valley of the greater Phoenix metro area.
Along with the Arizona sunshine and small town atmosphere, Gilbert has become an exciting and affordable place for young families and retirees to call home. According to the Arizona Regional Multiple Listing Service (ARMLS), the average sales price for sold properties since October 1, 2009 is $229,000 for a single family residence in Gilbert. With current interest rates, available inventory and its popularity, it is no surprise Gilbert Real Estate Agents and their clients commonly see multiple offers on homes, as bidding wars are normal for this area.
Many property owners, including investors and homeowners in Gilbert, take pleasure in the city living with the San Tan Village Mall, which is strategically located outdoors to enjoy the Arizona Sun. The mall offers a hundred stores and restaurants. In addition to the small town events, such as Gilbert Days (3 day Rodeo/Parade) and Freestone Park (outdoor recreation area) there is something that everyone can take pleasure in in Gilbert, AZ.
Due to Gilbert's attractiveness to investors and home buyers, its real estate stock does not stay available very long. According to ARMLS the average time a home is on the market is 65 days--that is from start to finish, meaning from the first day its listed (or available) to the offer negotiations (multiple offers), opening escrow, deposing earnest money and in some cases, obtaining a loan approval, signing documents for both buyer(s) and seller(s) and closing the transaction. Translation in today's market-that is a pretty great turn around timeline for inventory!
Okay, so we agree Gilbert is a great place to live, invest and have fun, however the offer bidding, competition and escrow process seems too convoluted to even get started? Don't let yourself get discouraged -- if THERE IS A WILL, THERE IS A WAY! Gilbert's real estate is waiting for you to start building your asset portfolio and increase your wealth; especially in today's market- the price is right!
One way to set yourself up for success is to consider all of your options in purchasing real estate. Of course, there is the conventional way that will always be around and will always have benefits--find an agent, your agent locates homes to view according to your wants and desires, you and the agent submit an offer to seller's agent; and if the seller isn't a bank, you may be lucky to negotiate the offer in a timely fashion. Another avenue savvy buyers are purchasing properties today is from wholesalers directly. The wholesalers will purchase the properties in trendy areas, such as Gilbert and offer you a quick answer on your offer. In some cases, the wholesalers will offer seller financing to the buyer, which could be a HUGE benefit to the buyer if they are either not able to qualify for conventional lending or just plainly do not want to deal with it!
Don't miss out on the great deals- check out your local real estate wholesalers and start building your wealth!
Here's an example: http://www.postlets.com/res/3177000 CHECK IT OUT!
Gilbert is indeed a great place to own some real estate! Great job Adrea!