5 Great Reasons To Buy Now

It is finally spring in Arizona, great weather, spring training and the desire to get out and enjoy the scenery.  Maybe even get out and see a few homes, discover for yourself what is available.  There are actually some compelling reasons that make this a great time to not only look but to buy now.  So the top 5 reasons, David Letterman style are:

#5)     Reduced competition for those sweet deals -  With so many potential buyers holding off, you have a much smaller number of people competing with you for the available properties.

#4)     Record Inventory  -  There is a lot on the market right now and no one likes lots of choices better than the American consumer.  Huge inventory + less competition = sweet deals!

#3)     Low Interest Rates  -  Strangely enough large drops in the prime rate have had the opposite effect on mortgage rates.  Right now they are historically low however that can't last forever and with some of the new restrictions for lenders, they can't help but rise.  Additionally when activity resumes they will rapidly escalate to higher levels.  Huge inventory + less competition + low mortgage interest rates = sweet deals!

#2)     You can Negotiate  -  Buyers want to wait and wonder if the market has hit "bottom".  "Bottom" is a relative term; you only know its bottom when the market quickly rebounds with a vengeance.  Even if you should pay a little more than you think you might at a later date, normal appreciation would make the difference irrelevant within a short period of time.  Huge inventory + less competition + low mortgage interest rates + sellers willing to negotiate = sweet deals!

#1)     You won't get first degree burns from your steering wheel!   It is beautiful outside right now and will be for a couple more months.  If you are new to Arizona, you need to know it gets HOT.  If you have lived here through a summer, you already know that.  Either way, this is the peak home buying season. 

Huge Inventory + Less Competition + Low Mortgage Interest Rates + Sellers willing to negotiate + Fabulous Weather = Sweet Deals!