Increased Inventory and a Great Buyers Market
The listings just keep increasing...Short Sales and Bank Owned Properties...so many vacanies that the Owner Occupied Properties getting the short end of the stick with limited traffic since it is easier to show vacant properties rather than making appointments and with so many to show that is just the way it goes...Nobody says it's right but that it the marketplace right now.
What a great place to live here in Arizona...I would say that we are really set apart from the rest in that we have the weather and the ammenities that everyone is seeking out. What does that mean for the market? First and foremost it means recovery here and recovery quickly! I have seen the buyers coming out of the woodwork and getting their information gathered and making this the perfect time for them to get a deal. Watch that inventory level and you are sure to see the first peak coming after the vacanies are filled. But until then Buyers get Ready - Set - and Going...Short Sales are great for the buyer who has time to wait to hear about the contract decision from the bank (sometime this can take weeks) and those who are looking for their primary residence will be able to get either a good deal from a bank owned property or a primary owner who needs to move. Regardless of whether you decide to buy Short Sale, Bank Owned or Primary Owner property, there are good deals waiting...
Watch the Realtor selection process because it can be crucial in just how the negotiations are done to get you the best deal. A realtor with experience, market knowledge, who you feel comfortable will be your best choice. Interview a few then go with your insticts that will almost always get you working with the right agent.