may be the time to buy a home in Phoenix \ Scottsdale.
Think Sale, Sale, Sale, think blue light special or Deal Days - yes, prices could go lower. However, they may not. You can buy , in many towns around Phoenix like, Peoria, Glendale, Anthem and Avondale that are 30% or more from the peak.
There are Short sales, REO (bank owned) homes that offer buyers even greater opporunities. ~please note that not all REO, short sale, and foreclosure opportunites are good investments.
Importantly, remember the reasons you are buying a home.
- Is it a place to live? A place to raise your family?
- Are you planning on retiring?
- Do you need the favorable tax advantages?
- Are you looking for a hedge against inflation?
- Are you looking for long-term appreciation?
- A place to live and call home? (I always say this twice)
If you answer ‘yes' to most of the questions above, consider the fact that you can buy real estate and have all of the benefits of home ownership and own your house at a steep discount from the prices of 3 years ago.
Always speak with and consult industry professionals for advice on what is right for you as each situation is unique.
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