5 reasons Arizona real estate is a good investment / Maricopa real estate
If you are thinking about buying a home in Arizona it is a fantastic idea. I’ll give you five reasons why I think buying a home in Arizona would be a fantastic investment but you do need to have certain criteria in mind when you undertake an investment in Arizona.
Reason number one – you can buy a home for cheaper than you can build it. Just that fact alone makes it an attractive long-term Arizona investment. In the city of Maricopa homes are going for around $40-$50 a square foot in some cases that’s less than half of building a new home.
Reason number two – Arizona is still projected as one of the long-term fastest-growing areas of the United States. Maricopa real estate has driven a 4000% growth gain over the past 10 years. Now County Arizona led the way in the nation for the growth over the past 10 years and continues to lead that trend. Homes for sale in Casa Grande Arizona are still very attractive. Casa Grande real estate affords great job opportunity and lots of attractions to include stores malls and movie theaters.
Reason number three – we are driven by retirees investors and people looking to purchase second homes because of the weather. This will always drive the long-term market of Arizona and thus will drive the value of your Maricopa real estate investment or your Casa Grande real estate investment.
Reason number four – ew cities. Maricopa Arizona Incorporated in 2003 and has grown to almost 40,000 people since. You get lots of different homes for salewhen you are looking at Gilbert real estate Casa Grande real estate Maricopa real estate and Chandler real estate. The new roads the stores the space and the attractive weather makes it a great place to invest in Arizona, retire in Arizona, or look to buy a second home in Arizona. Maricopa Arizona and Casa Grande Arizona are great places for second homes because of the low house prices.
There are some things to keep in mind when you’re looking to buy a home in Arizona invest in places like Casa Grande and Maricopa, or buy a second home in Gilbert or Chandler Arizona. Here the tips to look for:
- you can always try to flip your real estate investment quickly for a small gain but in my book that is speculation and with speculation always comes risk. For true long-term value and to minimize the risk when you buy a home in Maricopa Arizona or Casa Grande. You have to think about going in staying for at least 3 to 5 years that will give you sufficient time for your real estate investment in Arizona to mature. With rates as low as they are you can buy a second home in Gilbert Arizona or by second home in Chandler Arizona or even by second home and Maricopa Arizona, but the key is to keep it for at least 3 to 5 years.
- Look for long-term value. It’s always attracted to look for the $30,000 short sale that’s fallen out of escrow three times, but if this is a home you live in or use it’s always a good idea to look for long-term value in Maricopa real estate and casa Grande a real estate. Make sure that the home has a good location and is structurally sound and always getting inspection on your Arizona real estate purchase. A good floor plan could always add value to your casa grande a real estate, things like paint cabinets and flooring could always be things you can add in the future to help you build value in the long run.
- Take advantage of today’s great financing programs. If you apply today for an Arizona mortgage you be very surprised to see the great rates that you get. FHA is leading the financial market in Arizona and around the country with creative financing programs to help you buy your home for less. Low mortgage rates in Arizona coupled with low prices for Maricopa real estate and Casa Grande real estate, make it a great opportunity to take advantage of everything that they have to offer to include financing and low home prices.
If you’re looking to buy a home in Arizona contact the professionals at Prudential one Realty we are here to serve your Maricopa real estate needs, Casa Grande real estate needs, Gilbert real estate needs, Chandler real estate needs, and any other surrounding areas in the East Valley of the Phoenix area. If you are looking to get a mortgage in Arizona or buy a home, sell a home, or just need advice on your Arizona real estate, visit www.pru1re.com.
New Intel facility in Chandler? / Chandler real estate / Chandler Arizona
Intel has committed to invest 5 billion in a new factory that will for sure boost the Chandler real estate market. In short with such an investment, and such a big job draw, it can only help an ailing arizona real estate market. In the big picture the real estate market is driven by jobs, without a job it doesn’t matter what your credit score is, without a job, you have no money to purchase a house, so you can see why a project like this is so vital to the Chandler real estate market, and the Arizona economy. With so much joblosses incurred by the state, and by the country the thousands of temporary construction and factory jobs will be a success. With longer term high paying jobs in the near future this project has really turned into a big winner for Chandler Arizona.
The facility hopes to open for business in 2013 and they will be producing high volume semi conductors, and the plany will be called fab 42. Such a move will be sure to initiate the jobs beign relocated to Arizona. This is what Arizona does best, build expand and produce more jobs. This is the first big step that Arizona has taken in the empoyment sector.
The new plant can be directly attested to the 2005 passed legislation that helped companies such as Intel that have expensive facilities and high wages but sell little within the state. In short, if companies made a billion dollar investment in the state, then the sales counted for tax purposes would only be those in Arizona. This is what prompted Intel to make the decision, good legislation!
Here are some interesting stats about the new Intel plant:
- Over 320 million in direct revenue to Arizona over the next decade
- 569 million when you take multipliers into effect
- target date is 2013
- 19,000 temporary jobs
- 1,000 full time high salary positions
- 3,000 construction jobs
As far as the city of Chandler they could not be happier. with such a major employer in their backyard, that will only boost Chandler real estate. Currently Intel employ’s just under 10k employees, and they are the biggest job provider in the East Valley, and that number will only grow for Chandler Arizona. Chandler real estate has taken a hit like everywhere else around the country, but with it’s great centralized location, good schools, and plenty of jobs, Chandler has really positioned itself to continue to grow and move forward. Intel will not only help Chandler Arizona, but surrounding cities like Maricopa, Casa Grande, Gilbert, Queen Creek, and other cities where the prices of homes are less, and they are still within a 40 minute drive to work. There is no doubt that this is a major benefit to Chandler, the surrounding cities and the state.
HUD Homes for sale Maricopa Arizona / Benefits of HUD Homes
HUD home… What are they? Why should I buy a HUD home? These homes have many benefits, and are unique in many fashions. We will be covering the benefits, and what they mean to the Maricopa real estate market. Here in Maricopa Arizona HUD homes can account for up to 10% of the total homes for sale. With such a large portion of the inventory being, they truly have become a must know part of the real estate market in Maricopa. With the recent changes in strategy and the new processes that have been established, buying a HUD home has never been easier. Check with your local Prudential One Realty agent for all of the HUD homes for sale in Maricopa Arizona, and all of Pinal County.
What is a HUD Home?
A HUD home is a 1-to-4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. They become the property owner and offers it for sale to recover the loss on the foreclosure claim. With so many FHA loans in Maricopa and other cities in Arizona during the boom years of 2004-2007, it is only natural that a lot of these types of loans are starting to default, thus becoming a HUD home. Maricopa, Casa Grande, and a lot of other rural areas in Arizona have been exposed to FHA defaults. At least it is with a reliable source , with a reliable process.
Benefits of buying a HUD home
- HUD homes are priced to sell
- The process to buy a HUD home is simple and straight forward.
- Government backed, thus great programs, leading edge processes, and solution based ideas!
- Creative financing options for buyers including:
- low down payment programs
- Competitive rates
- FHA insured financing
- Creative purchase programs (GNNP)
- Great one stop shop resource in www.hushomestore.com
- HUD Home Store is the listing site for HUD real estate owned (REO) single-family properties. This new site provides the public, brokers, potential owner-occupants, state and local governments and nonprofit organizations a centralized location to search the inventory of HUD properties for sale. In addition, registered real estate brokers and other organizations can place bids on behalf of their clients to purchase a HUD property. HUD Home Store also includes many informative user-friendly features providing advice and guidance for consumers on the home buying process.
With the foreclosure market in Maricopa staying steady, HUD is positioned to play a major role in the real estate market going forward. HUD homes for sale in Maricopa Arizona have increased in listing share, and total sales. Here at Prudential One Realty we have taken the steps necessary to train our agents to be efficiently take you through the process. HUD homes for sale in Maricopa Arizona are great homes to buy, priced right the first time around, and give you creative financing options to use. What are you waiting for? For more information on HUD homes for sale in Maricopa Arizona, and other cities in Arizona, please contact your local Prudential One Realty agent.
Casa Grande Arizona real estate / casa grande real estate stats
Casa Grande Arizona real state has been very affordable for home buyers, and it has been a tough market for home sellers. it seems we closed out the year with the for sale inventory coming down a bit, and that trend seems to be continuing in January. The total listings sold were pretty steady to close out the year with a spike in sales in Casa Grande for the month of December. With the busy season for our friends from up north, everything pionts to casa grande having its typical share of people buying homes in Casa Grande Arizona from other parts of the country. Invesntory from the banks is seeping out to the market at a steady pace. As long as they don’t flood the market in Cg with too many foreclosures casa grande real estate should be fine.
Here are the casa grande real estate for sale vs. sold:
There are some things to think about going forward into the first quarter.
- What are the banks going to do with the foreclosed homes they have on their books?
- How is the job market progressing?
- What growth items are coming up for Casa Grande to attract more home buyers?
These are all items that we need to have an eye on. Investors, retirees, and second home buyers have been and will be a big part of the market going forward. With Arizona’s affordability index off the charts, great weather, and continued long term job growth, that trend will continue for the forseeable future, the question is. What is the first time home buyer going to do? With so many options in the rental market, and the rental market in Arizona being so competative, will the first time home buyer buy or rent. In the long term buying a home for yourself is a good investment, but some potential first time home buyers may be looking short term. Thats where the job market comes in. If people have jobs, you have relocation, and growth. The job market will drive the first time home buyer, in casa Grande Arizona and around the country. All in all casa grande real estate should plug along with nothing spectacular, but nothing bad for the first quarter. Click here for map of Casa Grande Arizona
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