We have Sold 8 homes under $300,000 since Arizona began the COVID-19 steps towards a Stay Home, Stay Healthy, Stay Connected order. All 8 homes have been sold to first time buyers or move down buyers.
Two Reasons, this is happening in spite of the pandemic:
- Our inventory is freed up for the “regular, hard working buyer”. The CASH investors and IBuyers (Open Door, Zillow, etc) are NOT buying during this Corona Virus Crisis. This allows those who need a loan in order to purchase….to compete and win!
- Interest rates are 3.5% or less! (as of April 4/18/2020)
As Realtors for many years in the Arizona/Phoenix Market, here is what we believe:
There will never be a day where you will say: “I sure made a mistake buying this home priced under $300,000 and getting a loan at 3.5% fixed for 30 years!”
Talk to anyone who has attempted to purchase property under $350,000 in the Phoenix area in the last 2 years…It took a lot of offers and a lot of time to get a home! They competed with 5 to 10 offers and the Cash offer usually won.
Why do you think these homes were being gobbled up by Cash Investors? Because, these properties are easy properties to rent or re-sale in the future!
If you are putting your home buying on hold due to the virus and this is your price range….Your opportunity is NOW!
We promise to represent you with integrity, honesty and transparency. We also have safety measures in place during this COVID-19 pandemic.
Call us, we know stuff.
