Have you ever heard someone say, “I am not ready to buy, just yet.”?  Well, the next time you do hear those words, turn around and say, “There isn’t a better time to buy, than right now!”

 Some people have this idea that if they wait, they can save up enough money for their down payment.  Now let’s consider this strategy.  Arizona real estate market is growing so quickly.  Right now there are not enough homes on the market to go around.  What is this market doing to the value of Arizona properties?  The answer is Appreciation. 


The Arizona Republic newspaper reported in 2004 that the average Arizona home rose 26%.  This is the average.  Some areas around the city and state appreciated much more than 26%.  If a home price is $200,000 and it appreciated 26% that would be an appreciation value of $52,000.  Now in one year, do you think that an extra $10,000 down payment saved makes much of a difference when you lost $42,000 in lost appreciation and had to pay one year’s worth of rent?



The Phoenix area including the 27 surrounding cities are growing fast.  The time to buy is now.  Rates are at a record low and qualifying for 100% financing has gotten much easier.  In a few years, the average person will not be able to purchase homes because homes will be too expensive and rates are expected to rise.

Buying vs. Renting

There is no better time than the present to buy a home.  Even in today, during a booming Arizona real estate market, buying a property has many more benefits than renting.

Why not buy?

There are many reasons people do not purchase a home.  One main reason is that they are waiting.  Waiting for a time when the real estate market improves, making it easier for buyers to get into a home.  Waiting for the time when they have saved up enough money for a down payment.  Deciding to put a hold on moving forward into a home is not always the best decision.

If you are one of those individuals who is renting and waiting to save up for a down payment, you should wait no more.  In the year that it might take you to save $10,000 more for a down payment, you will lose money in property appreciation. 


As a matter of fact, if you look again at the above scenario with a home priced at $200,000 and an appreciation of 26% which equals out to an increase of $52,000.  You would have lost $42,000 as you waited and saved the extra $10,000 for your down payment.  In addition, you would have spent more money renting for a year, instead of investing in a home with increased appreciation.


Buy Today!

The Valley of the Sun includes 27 surrounding cities and area is growing quickly.  The time to buy is now.  Find out today how you can qualify for a home.  It is easier that you think.  Buy now!  In a few years, the average person will not be able to purchase a home because prices will have risen too high.  Get into a home today!