Real estate prices are falling with the Autumn leaves!
If you're in a position to consider buying a vacation/2nd home, now is a great time to make an appointment to come to the White Mountains of Arizona and take a look around! While our market hasn't been impacted as hard as others (Phoenix area), we're seeing terrific reductions nonetheless. Where in times past our market noted properties being withdrawn from the market after Labor Day to make another run in the spring, that's not happening this time around.
In a vacation/2nd home market such as ours, many times sellers really don't have to sell their property--they just "take a shot" and see what happens. So, it's not atypical that some sellers just won't come down on their asking price. That, and there's been a tradition of a lot of "padding" in asking prices, too. But, it's a whole new world, now.
We're noting reductions off asking from a few thousand to 10's of thousands of dollars, and that is the most telling evidence that we're in a "new" market. So, what buyers need most is the toughest real estate representation available, and that's where we come in. When it comes to negotiating the best price for buyers, we have a great record of success, and a long line of happy buyers. We don't promise buyers a "steal", but we can find and negotiate real bargains.
Additionally, a new dynamic is operating in our market, and that is, foreclosures. While most buyers envision a foreclosure as a distressed property, that's far from the case in the White Mountains. There are foreclosures ocurring in the vacation home sector, and again, if you've got the ability to buy, you have some compelling choices in the REO, bank-owned/lender-owned market sector.
Please visit our website, www.whitemountainsazrealestate.com to see what's available, or contact us to do the searching for you. We're happy to help!
Pinetop, Lakeside, Show Low, Linden, Vernon, Heber-Overgaard, Greer Arizona Real Estate Realtors
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