Savvy buyers and sellers are also exploring their representation options. They want to know whether they’ll save more money by working with agents, going the solo/FSBO route, or using iBuyers like OpenDoor or Offerpad.
Interest rates for these loans have been hovering around 4% for the last several years, with recent growing, logical speculation that they’ll rise to 5% by the end of 2018.
No one likes wasting time or money. So even though buying a property is a big decision, it doesn’t have to be painful, drawn out, or full of nasty surprises.
Year after year, in nearly all locations and price and size ranges, Metro Phoenix homes sell on average for at least 97% of list price. In 2017 that figure has been closer to 99%.
The Arizona Department of Real Estate maintains an extremely helpful resource called the Buyer Advisory. It is a powerful guide for thoroughly researching properties and their surrounding areas.
The best thing you can do to get the buying process started, is to get pre-qualified with a good lender.