Buyers’ Options to Buying a Home Other than a Foreclosure

July 20, 2009 at 8:45 pm Leave a comment

A July 20 Arizona Republic article reports on the buying frenzy that is going on in the Metro Phoenix real estate market. Buyers are finding themselves in a bidding war on foreclosed homes, finding prices going up as a result. The buyer’s market has turned into a seller’s market.

If you are looking to buy a home, patience and persistence are keys to getting a good deal on a house. Cash buyers have never been more valuable than in this market.

If you do not have cash or patience, you may be better off looking at regular home sales or new home construction rather than the highly-competitive foreclosure offerings. This may cost you more money, but it will save you time and frustration.

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Entry filed under: Arizona Real Estate, Chandler Real Estate, Foreclosures & Short Sales, Phoenix Real Estate, Real Estate Deals. Tags: , , .

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