If you’re looking to invest, home prices in the Metro Phoenix area have never been better. Properties are creating cash flow again in this market.  House prices are down over 50% with outlying areas and condos being hard hit.  Opportunities abound throughout Metropolitan Phoenix, including Peoria AZ homes, as well as Sun City homes and Surprise homes.  We also have a stronger than normal rental market, due to previous homeowners that now need to rent.  It's a good time to get a great cap rate on your investment.

MARKET CONDITIONS

Ultimately, the final price of a specific property rests solely with the Buyer and the Seller.  Each must decide what they are willing to accept or pay by taking into consideration their own unique circumstances, their own financial resources and the market conditions. 

Because real estate values go up and down, each party has to decide how much risk they are willing to take in a real estate transaction.  It’s important that both the Buyer and Seller acknowledge that there is a risk that any waiver of contingencies, rights or warranties in the Contract may have adverse consequences.

If the return on investment, tax consequences, credit effects or financing terms do not meet the expectations of the Buyer and/or Seller, they assume all responsibility.  Brokers are not qualified to give financial, legal or tax advice on a real estate transaction, including advice on property as an investment.  Both the Buyer and Seller are advised to obtain professional tax and legal advice when considering entering into a real estate transaction. 

Note:  If you are a foreign investor, keep in mind that you will be subject to FIRPTA tax withholding when you sell per US law. Contact us for details.

If you are looking to invest, let us put our expertise to work for you.  Call Mike at 602-574-6400 or Kristie at 480-529-3838 to get the inside market perspective you need to make good investment decisions.  You can also use the form below to send an email.

Kristie & Mike