Just a few years ago, trying to sell your house in Phoenix or one of its suburbs was a nightmare. Home foreclosures and other financial problems triggered by the economic crisis caused a glut of housing on the Valley real estate market. The flood of homes for sale may have been great for the small pool of home buyers at the time, but many would-be home sellers were stuck in an impossible position. Real estate prices tanked across the country, and Phoenix was one of the hardest-hit cities in America.
Fortunately for home sellers, the days of plummeting prices and few buyers in the Phoenix real estate market are over. Investors such as AllHomesAZ.com have been buying up Valley homes and creating a win-win situation for everyone with a stake in Phoenix real estate. Not only do individual homeowners finally have interested buyers, but the demand from investors is stabilizing the local housing market as a whole.
With the economy recovering so slowly and unemployment still in the 8 percent range, many homeowners are still having difficulty making their mortgage payments. Assistance programs from mortgage lenders have improved somewhat, but these programs give lenders quite a bit of discretion as to whom they choose to help. Not everyone who could benefit from refinancing has been able to do so, leaving many area residents still “underwater” on their mortgages, especially those who bought their homes when prices were near their peak in the mid-2000s.
Compounding the problem for many of those who would just as soon sell their homes is that their properties are in poor condition. Financially strapped families who can’t make their high monthly mortgage payments seldom have been able to afford to properly maintain their houses. In the buyer’s market that has existed in Phoenix, a home needed to be in pristine condition to attract interest. Buyers were in a position to be choosy and consider only the very best properties. Home investors, are on the other hand, understand and accommodate the needs of home sellers who are short on cash. Investors typically buy houses “as-is,” and will pay cash for homes that would be virtually impossible to sell to an individual buyer intent on occupying it as soon as possible. Investors have the patience and resources to repair and renovate houses that most individual buyers wouldn’t touch!
If you need to sell your home or rental property fast, contact the Phoenix home buyers at AllHomesAZ.com. We’ll buy almost any house quickly, and for cash, no matter what shape it’s in. The transaction is completed without the need for a real estate agent, mortgage broker or other middlemen, saving you expensive commissions as well as precious time. AllHomesAZ.com is available 24/7for a free consultation, so contact us today via our website or by calling us at 480-227-5214.
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