Pick up in AZ buyers

By
Real Estate Agent with RE/MAX Achievers
WOW!  Is it just me or are the buyers finally starting to buy.  What I'm noticing is that the homes that are selling in and around the Phoenix area are homes that are lender owned.  Is this what others are noticing as well?  Now is the time for buyers to get out there and find themselves a home. 

Comments (4)

Bill Exeter
Exeter 1031 Exchange Services, LLC - San Diego, CA
1031 Tax-Deferred Exchange Expert

Hi Ronni,

It is not just you.  We have seen a pick-up in our 1031 exchange business since the last week in February, which we believe was the bottom of the market in terms of transaction activity.  We think there are 12 to 18 months to go before we see the bottom in the price/valuation of real property.  But, the buyers are jumping in when the properties are priced right and sellers are certainly beginning to come back to reality.

May 05, 2008 03:14 PM
Michael and Cheron Lange
Solutions Real Estate - Chandler, AZ
Associate Broker, GRI

Ronni...

Wow we are slowing down, could you send some buyers to the southeast valley. LOL

C. Lange

May 05, 2008 03:39 PM
Tom Davis
Harrington ERA,DE Homes For Sale, $$ Save $$ Buy Today ! - Dover, DE
FREE Delaware Homes Search!, $$ Save $$ - Find Homes! Delaware Realtor

Yes here in Delaware the Buyers Activity is picking up!  It feels great and I sold my last listing in just 10 days! :)  Feels great!

Tom Davis - DE Realtor

May 05, 2008 04:50 PM
Ronni Zeigler
RE/MAX Achievers - Cave Creek, AZ
The Signing Realtor in Arizona
Tom-  Congratulations!  Wish my listings were selling.  It's the buyers that are doing it for me!  Maybe the good karma will come my way.  10 days?  That's awesome!
May 05, 2008 05:56 PM