| Many home owners in Arizona are facing tough | | | | history, a descent credit score, and a good |
| times because of several underlying issues | | | | debt to income ratio. Lenders are requiring |
| that home owners may or may not be aware of. | | | | higher credit scores, more income, and longer |
| An Executive Sales Associate with Coldwell | | | | work histories given the recent foreclosure |
| Banker Residential Brokerage wants to discuss | | | | rates. Lenders are also requiring more |
| these issues so that you have useful | | | | documentation on your assets and liabilities. |
| information to make an informed decision | | | | |
| about your future regarding Real Estate in | | | | When lenders raise the bar, not as many |
| Arizona. Do what you will with this | | | | people can qualify to purchase a home. This, |
| information. This is one Real Estate Agents | | | | combined with builders and sellers flooding |
| opinion and makes no guarantees. Market | | | | the market with home listings, is creating an |
| conditions are impossible to forecast. This | | | | overall slow down of the market because the |
| article is designed to tell you what has been | | | | public's confidence has weakened. The growth |
| happening in the past, and where we are today | | | | in Arizona is still phenomenal. Arizona is |
| regarding Arizona Real Estate issues. | | | | now the number one growing state in the |
| | | | entire United States. |
| Now may be an excellent time to purchase a | | | | |
| home in Arizona. The interests rates are | | | | If you are thinking about purchase a home, |
| good, the prices are low, and sellers are | | | | now may be the best time with the current |
| giving amazing incentives. There is now way | | | | interest rates, and the amazing incentives |
| to determine if the prices have fallen as far | | | | available. It is extremely common for people |
| as they are going to go, but home prices seem | | | | to get into homes with zero down. If you are |
| to be leveling out. Home builders in Arizona | | | | a seller, now may not be the best time to put |
| are still building massive communities on the | | | | your home on the market. If you have to move, |
| outskirts of Phoenix, Mesa, Buckeye, | | | | consider renting your home out to a good |
| Chandler, and Casa Grande. Builders would not | | | | tenant. A qualified Realtor will be able to |
| be building if people were not buying these | | | | help you put your home on the market for |
| homes. Yes, the builders are giving great | | | | lease. Lease option purchases are also |
| incentives. Residential re-seller's are also | | | | becoming very popular in Arizona. They are |
| giving great incentives because they are | | | | designed to help a person that does not yet |
| imitating the builder incentives. | | | | qualify for a home have a possibility of |
| | | | purchasing your home at the end of the term |
| Home buyers in Arizona are facing a | | | | of the lease. This gives someone time to |
| complicated decision right now. Should they | | | | clean up their credit issues. However, a |
| live sixty miles from work and pay two | | | | lease option purchase does not guarantee that |
| hundred thousand dollars for a home, or | | | | the tenant must buy your home, they just have |
| should they live ten miles from work and pay | | | | the option. |
| three hundred thousand dollars for a home? | | | | |
| When making this decision, it would be best | | | | There is a link below, a website developed by |
| to calculate how much money you will spend on | | | | an Executive Sales Associate with Coldwell |
| gas, how much your vehicle will depreciate | | | | Banker Residential Brokerage, that is truly |
| because of the amount of miles you are | | | | helpful and is designed to educate the |
| putting on your car, how much time you will | | | | public. Definitely take a look at the website |
| spend away from family with a long commute, | | | | if you have been thinking about buying or |
| and how much traffic you are willing to put | | | | selling a home in Scottsdale, Phoenix, or any |
| up with. It would be wise to do a | | | | other city in Arizona If you choose Coldwell |
| mathematical calculation on these factors | | | | Banker Residential Brokerage to represent you |
| versus a higher mortgage payment to see which | | | | in a Real Estate transaction, of course they |
| would make more sense financially. However, | | | | are going to make money. That is not a |
| other factors will be involved such as school | | | | secret. The seller always pays both the |
| districts and amenities. | | | | buying and selling Real Estate professionals. |
| | | | When you are the buyer, you do not pay a |
| Buying a home in Arizona is getting more | | | | Realtor. Choosing the right firm to represent |
| difficult. Lenders are raising the bar | | | | your best interests is of paramount |
| because of the drastic increase in | | | | importance. Coldwell Banker Residential |
| foreclosures. When there is a high percentage | | | | Brokerage makes it mandatory for their |
| rate of foreclosures, lenders must raise | | | | Realtors to get proper education and |
| their standards to protect their investments. | | | | training. They take the time to train their |
| Someone thinking about purchasing a home in | | | | Realtors properly so that your best interests |
| Arizona will need a series of qualifications | | | | are always number one. |
| to get into a home loan such as a good work | | | | |