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