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Tuesday, December 12, 2006

Time to buy? Time to wait?

While this is a pretty constant question when acquaintences find out I'm in real estate, recently it has become more intense. People are noticing that houses are staying on the market a "long" time and prices are coming down to what we now consider more "reasonable". But there is a serious fear that the market isn't done going down and buyers could lose money.

I'm going on a limb and am going to say It's Time to Buy. Reasons include: In the last seven days I have had more buyer inquiries than in the last 2 months. I know this market turns on a dime, people stopped buying all at once and I think they're going to start buying all at once too. Secondly, many of you know that the CA market, especially Southern California can have a huge influence on our Phoenix market. Well, start reading the San Diego Real Estate blogs and you'll see that they have noticed more serious buyers as well. One good example is Kris Berg, from San Diego Castles.

Now, I realize I could easily be wrong. But real estate is all about timing. And I think if you're going to buy in the next 12 months, your best prices and your most desperate sellers are out there right now.

If you are a first time home buyer, now is even better. The interest rates are at a 15 month low. I have a Maricopa/Pinal country first time buyer program that is amazing! You can get your 3% down payment and your closings costs handed to you for free IF you are a first time buyer and you make less than $65k annually. Call me today for more info on that.

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Elena Thurston, Family Realtor @ 3:38 PM
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Name: Elena Thurston, Family Realtor
Home: Gilbert, Arizona, United States
About Me: My passion is Family Real Estate. Families need more than just a nice house, they need a neighborhood and community where they can give and receive a feeling of home. I am one of the rare Arizona natives. I received my bachelors degree at Arizona State University and my real estate license at Arizona School of Real Estate and Business.
See my complete profile


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