Monday, July 14, 2014

Arizona Home Buyers Face Common Challenges

Recent articles in the Phoenix Business Journal suggest that home buying has slowed down in metro Phoenix, while rental demand has increased. Has home ownership lost its luster in Maricopa County, or is something else going on?

The answers may rest in a home buying survey completed by mortgage marketer The nationwide survey asked home buyers to share any obstacles they experienced during the process.

About 80% of respondents reported having at least one of the following barriers:
  • Insufficient credit score
  • Insufficient down payment
  • Inability to obtain financing at desired rate and terms
  • High home prices
  • High property taxes
These issues were common for buyers in every age group. It boils own to two central points:
  • Mortgage loan approval is still difficult for many home buyers
  • Home prices and home affordability remain a concern
In May of 2013, the median price for a home in Maricopa County was $185,000. As of May 2014, the median price was $205,000, a price gain of 11%. That's a healthy jump. This could be a part of the reason why landlords are enjoying low vacancy rates in our area, along with higher rents.

In fact, if we were to add more reasons to the above list, we would have to include "limited home inventory in appropriate price range" and "competition from cash buyers."  About 25% of all home purchases in Maricopa County are made by cash buyers, who often rent out the property.

This isn't to say that home buying is impossible! You simply need to level the playing field by working with an Accredited Buyer Representative - like me! I can show you comparable sales to help you avoid over-spending on a home. I will also counsel you about appropriate contingencies, home inspections, local amenities, and more. Having experienced, professional home buying guidance on your side is a must.

I also have a network of trusted industry professionals, such as mortgage lenders, home inspectors and contractors. Why go it alone? Let me help! As your Accredited Buyer Representative, I will guide you throughout the home buying process. Consider me your one-stop resource for the latest home listings and community information!

I have helped Arizona home buyers for over 30 years, and I'd like to help you too! Contact me today for complete home buying help in Fountain Hills!

Tina Nabers
Nabers Property Management & Real Estate
Check Out My Website
See Homes for Sale in Fountain Hills
Become a Fan on Facebook
Find Out More About Investing on Facebook
Connect With Me on LinkedIn
Contact Me


  1. All-inclusive buyer and seller properties services, including finding real estate, listing homes for great deals, market analysis, property examine, and more for Santa Rosa Beach.30A Real Estate

  2. I will suggest you to be little careful when investing in commercial or residential properties. I hired an estate agent for investing in Arizona Luxury Real Estate rather than trying to close the deal myself.