Arizona Real Estate Market Major Tendencies

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Services for Real Estate Pros with Franchase

If you decide to buy a home fsbo in Arizona you won’t be mistaken, because selling homes in this state is definitely good, although has dropped significantly in the last few months. Regardless of the price point, many of the bank owned properties are in deplorable condition, but perhaps 10-20% of them are in terrific locations. So, why not to pay attention for those 80% which remain? There are also hundreds of single family homes, townhouses and condominiums in Arizona that are on the market by homeowners who are going to sell their homes, many of which are in remarkable condition and priced quite obstinately.

Real estate prices in Arizona have fallen by as much as 50%, but at the same time average purchase prices have seen a slight increase in the past few months. Home prices are extremely attractive and approachable in the  area of Mesa, one of the biggest cities in Arizona. It is also significant to point out that mortgage interest rates continue to hover in an historically low range. So, the obvious benefit is that many buyers of real estate in Arizona are indeed able to finance their home purchases for sale by owner.

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