Arizona Bank Owned Homes – Offer Opportunity The First Time Home Buyer

By
Real Estate Agent with Arizona Real Estate Consultant

There may never be a better time for First Time Home Buyers to purchase a home than now. Because of the large inventory of home for sale in Arizona at the most affordable prices for years; Available financing programs that require less money to get into a home than conventional financing such as FHA loans (loan amount $346,250 in Maricopa County), if you are a first time home-buyer you may want to take a serious look at buying a home NOW! In addition to the popularity and increase in the amount of FHA loans and the affordable real estate market, there are also other incentives for Arizona First Time Home Buyers to purchase a home like the tax credit proposed in the stimulus package.

The $790 billion stimulus package hammered out by House and Senate late yesterday increases the home buyer tax credit From $7,500 to $8,000 and eliminated  the repayment feature for buyers who hold on to their property for at least three years.  The three-year minimum holding period is a safeguard against speculators' use of the credit. The legislation has also extended the effective date of the credit to December 1 from June 30. This credit is available only to first-time buyers (those who haven't owned in at least three years) and some income eligibility restrictions apply, but those are unchanged from the existing program. 

Couple the attraction of FHA loans, the tax credit, and the state of the greater Phoenix Real Estate Market it may be a very wise time for first time home buyers to seize the opportunity while it is here. 

Mike Bruen of Solutions Real Estate has developed a new website http://www.MikeBruen.comto Find Arizona bank owned homes, Phoenix bank owned homes or Phoenix real estate owned (REOs),  via map search!  Visit http://www.MikeBruen.com  and Search for Scottsdale real estate, Scottsdale bank owned homes, Mesa homes for sale, Mesa bank owned homes, Gilbert REO, Gilbert bank owned homes, Chandler real estate, bank owned homes in Tempe, and Peoria bank owned homes for sale in the local MLS. The possibilities are endless! Get full details: property address, photos, property subdivision,  property virtual tours, save your favorite properties, add your own notes to listings, create and save your own personal searches, keep track of properties you've viewed, receive automatic updates. ALL FOR FREE! Get immediate satellite view of properties, search by price, location, number of bedroom, year built, lot size, and more!

If you prefer to just look at Bank Owned Homes, REO's, Arizona Foreclosure listings, then visit my website that has just Bank Owned Homes in Arizona at http://www.AZ4ClosureHomes.com

If you are looking to buy a bank owned home in Arizona, we want to provide the tools and the service to help you get the best bank deals in Arizona.  Our websites one more time http://www.MikeBruen.com  and http://www.AZ4ClosureHomes.com

 

Comments (2)

Brian Belcher
RE/MAX Executive - Charlotte, NC
Charlotte Realtor

Hey, great post. Thanks for the information about your area.

Feb 14, 2009 09:39 AM
Danielle Gregorich
John Hall and Associates - Scottsdale, AZ

We are very proud and eager to announce the new blueroof.com Bank foreclosure, bank owned, auction homes website. Please feel free to take a look at all of the Arizona bank owned foreclosures we have available with the free Arizona mls search tool as well. http://www.evancarr.com Also feel free to visit our blog at http://freearizonaforeclosurelist.blogspot.com/ We have a relationship with over 25 banks and have over a hundred bank foreclosure listings at any given time. For a free updates list of bank owned homes, shoot us an email. info@Evancarr.com

Mar 08, 2009 01:25 PM