Know Your Options When Buying Fountain Hills Real Estate

In today’s fluctuating financial climate, there are many areas that one needs to examine before you consider buying a Fountain Hills home.

For instance, if you’re thinking of buying a foreclosure, you must ask not only the price, but about the financing that is offered, and what shape the property is in. Often, but not always, the most recent owner has left the home in disrepair. But it is a reality and you must make an intelligent decision as to whether or not the home is worth fixing up. Foreclosed homes can be a bargain or a burden; look at lots of properties and consider getting your own appraisal if buying with cash. Short Sales are another option, but waiting it out might not work for you unless you have some flexibility with your current living situation.

Be aware of supply and demand whether buying  a home. Right now, in Fountain Hills the supply is much lower for foreclosed homes and short sales than the demand with only 25 bank owned properties and 23 short sale properties active as of today. If the home is in pretty good shape and priced right more than likely you will be competing with multiple buyers for the property.You don’t always get a bargin when buying a foreclosure or short sale so don’t overlook the traditional sales. In the long run you can avoid some headaches going the traditional route.

When buying a Fountain Hills home learn as much as you possibly can about the process and go over all your options. Make sure you know the pros and cons of any decision you make before you purchase.

Need some advice or suggestions on your specific buying needs. You can call/text 480 888 6708 or email me for a quick response to your questions.

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