If you are looking to buy in the Surprise, El Mirage area now is the time with plenty of room to negotiate price and closing costs. There are currently 12 homes on the resale market for every 1 home that sells. This market is in the Buyers side because Sellers are willing to negotiate and there are some deals to be made because of the inventory. Pricing is now stabalizing with slight drops because the forclosure and short sale homes values have already been calculated into the base prices. The short sale or preforclosure, and forclosure properties are driving the market in the quantity of them on the market. These are great deals if you are willing to put in a little elbow grease and can stand the waiting on responses from the lenders. Short sales are definitely more difficult to work with and investiagation as to how many loans and how short is needed. Forclosures and Short Sales they are usually sold "AS-IS", I recommend a good Home Inspection before purchasing these properties. Many new home specs are drying up which is helping the prices to stabilize. Be careful of new home builders rebates on prices. Many of the new home builders are offering incentives of $$ off of the price telling the buyer that they are getting instant equity. Once these properties close and the lower price hits comps in the area, all that so called equity vanishes. When looking for incentives look for upgrades to the property (ie landscaping, countertops, flooring, window treatments, apliances...)
ZIP Codes: 85361, 85387, 85375, 85374, 85373, 85379, 85363, 85355 Location Characteristics: Fast Growing West Side, New Sports Complexs, shopping, schools. Includes Sun City West and Sun City Grand which are great retirement areas. And for the families Surprise has great city and neighborhood parks. Most of the homes in the area are no less than 10 years old. New Tennis Center opened in Sept '07 and hopes to have US Davis Cup. Great mountain views of the White Tank mountains.
About Lori P. Crilley:
I am an experienced, dedicated, ethical Realtor, who has service, to you, as my top priority. If you buy or sell with me, you receive a one year free home warranty.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
