10 Reasons First-Time Home Buyers in Chandler, AZ should consider buying a new home

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Real Estate Agent with Good Company Real Estate License # SA577557000

10 reasons first-time home buyers in Chandler, AZ should consider buying a new home.  

First-time home buyers are finding more and more reasons not to buy bank-owned and short-sale properties.  
If you are a first-time homebuyer in Chandler, here are reasons 1 through 8 why you might want to consider purchasing a new home from a builder:

    1.  Many bank-owned and short-sale properties have things to clean, repair, and buy.  There are things like missing cabinets, fixtures, and appliances, not to mention bad plumbing and electrical, holes in walls, stained carpeting, and painting of both the interior and exterior.  And those are just the things you can see!
    2.  There is usually an extended period of time required to buy short-sale properties, which could take up to 6 months or more.  Even then, a home could fall into foreclosure, as there are many uncertainties when dealing with sellers and banks.
 
    3.  You are eligible for the $8,000 federal tax credit, which has been extended through April 30th, with a closing needed before June 30, 2010.  
    4.  You can take advantage of the three year decline in valley home prices, and still very low interest rates.  Home prices are as low as they were back in 2002.  

    5.  You have a large inventory of new and speculative homes left over from all the new home construction between 2003 and 2005.
    6.  You do not have to sell an existing home.
    7.  You can buy a more energy efficient home, with better windows, insulation, and newer A/C units and water heaters.  Your monthly utility costs will also be less.
    8.  Buying new, you can take full advantage of all new home warranties from the builders.

Reasons number 9 and 10, are extra incentives coming directly from the builders themselves:

    9.  Some new home builders have reduced their prices even more by adjusting some of their standard features.
 
   10.  New home builders are also taking advantage of this by focusing their attention on the lower end of the housing market. According to Greg Burger, and associate with RL Brown on the Phoenix Housing Market Letter, out of 4,025 new home floor plans in active subdivisions, nearly two-thirds of them are for homes priced under $250,000.  Some new home subdivisions have entry level homes starting as low as $80,000.


Statistics are showing that in some newer subdivisions, first-time home buyers make up as much as 90 percent of the  buyers of new homes.  Now I have shown you 10 great reasons for first-time home buyers in Chandler, AZ to consider buying a new build. Just don't forget to take a Realtor with you!

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         Contact Troy Erickson, Realtor®, Good Company Real Estate

                                Licensed Residential Realtor® in Arizona at 602-295-6807

                  for Phoenix, Chandler, Ahwatukee, Tempe, and Gilbert, Arizona Real Estate.

 

Check out our website for all Arizona Real Estate and Homes For Sale in subdivisions like Sun Lakes, Ocotillo, Lakewood, Mountain Park Ranch, Pepperwood, Circle G Ranches, and many others throughout the East Valley.

 

"Real Estate is more than just about a job for me. It is about making a difference in the lives of others. I help people just like you Buy, Sell, and Invest in East Valley Arizona Real Estate!"

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This post is for informational purposes only and should not be construed as legal advice. If you desire specific legal or tax advice, please consult the appropriate professional. The opinions expressed here represent my own and not those of my employer. Troy Erickson will not be held liable for any errors, ommissions, accuracy, validity, currentness, suitability, completeness; or any losses, injuries or damages arising from its display or use.

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Topic:
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Arizona Maricopa County Chandler
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First Time Homebuyer
Local Expert
Moving to Arizona
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Rainmaker
4,433,283
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Most buyers do not know the advantages of going to new construction with a buyer's agent.

Dec 10, 2009 09:33 PM #1
Rainmaker
849,035
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Gita - I just had to throw that in at the end.  I want to make sure buyers understand, but that can be a whole other post.

Don - Well, not so true over the last 4 years here in AZ.  The value of homes has dropped by as much as 60% in some areas.  That's why there have been so many short-sales and foreclosures.  If people stayed in the same house for 30 years, maybe, but that just doesn't happen.

Dec 11, 2009 03:53 AM #3
Rainmaker
84,640
Stephen Garner
Hub Media Company - Tempe, AZ
Hub Media Company
Great post Troy, you should put together a Chandler best buys video, 10-12 homes you recommend and why. Let me know if you want to meet to go over bow I can help you with it. @mytitleguy
Dec 11, 2009 04:59 AM #4
Rainmaker
849,035
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Stephen - That is definately on my agenda, to start producing videos of listings, etc.  I've got my video camera, just need to start filming.  Thanks for the kind words about the post.

Dec 13, 2009 04:10 PM #5
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Rainmaker
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