If you don't think now is a great time to buy a home, think again. Prices in the Phoenix area have dropped 25%-50% in many areas, including Arcadia and South Scottsdale, from their highs in 2005. Mortgage interest rates are again approaching all time lows. With the financial and stock markets in turmoil, banks closing everyday, and 401K's losing their value right before your eyes, maybe buying real estate at a deep discount is a great place to park your money. Real estate always has, and always will be, the greatest long-term investment. If you look at real estate in that light, right now everything in ON SALE! We all know the the market is cyclical, and right now it is down. In a year or two it'll begin going back up, and in a few years the wisest of investors will reap huge rewards
Finding a great property in invest in doesn't even take that much work. Any knowledgable REALTOR can point you in the direction of several good investments based on your financial and risk factors. As the past few years have taught us, investing in real estate (or anything else) isn't for everyone. If you have a short-term outlook, you may lose your money. If you invest for the long-term, you could do very well.
To make things easy, below are a few properties that I have available in the Arcadia and South Scottsdale areas that are priced well below their previous highs. If any look interesting to you, please give me a call:
3 bedroom, 2.5 bathroom, 1328 sf total remodeled townhome for $185,000.
2 Bedroom, 2 bathroom, 1,088 sf like-new and gated townhome in South Scottsdale for $219,900.
2 Bedroom, 2 bathroom, 1335 sf townhome with great ammenities in McCormick Ranch for $269,900.
3 Bedroom, 2 Bathroom, 2090 sf single family completely remodeled home in Arcadia for $399,000.