It's much easier said then done...analyzing personal investment options that is. We here in Arizona are painfully aware of what has happened to housing values since the "subprime mortgage debacle" first reared it's ugly head. We have seen article upon article...newsprint, online and of course radio and tv that forecast doom and gloom.There is no question that many questionable loans WERE made here in Arizona and yes...the number of foreclosures IS up. In some neighborhoods home prices have dropped a great deal and some neighborhoods are actually UP from last year's averages!
At the same time we are seeing the Dow Jones and other world stock markets respond erratically with huge drops and huge gains recently so how is a person expected to "read the signs"? .What does this mean YOU? It means invest wisely. Know the person you will work with. get references. Talk openly and honestly about your goals and comfort level.
The same principles apply for investing in real estate. As I see it there has never been a better time to purchase Arizona real estate. If you are a savvy investor you already know that a mixed portfolio is often the best protection for your hard earned money. There is a reason why we all know the old saying" Don't put all your eggs in one basket".
I am telling you the same thing. Diversify and invest wisely. There is still almost a full year's supply of homes currently on the market...both re-sale and new . Sellers...individuals , lenders who own foreclosed properties as well as builders are willing to wheel and deal. One can get discounts on the price and often significant loan or closing cost help as well.
If YOU want to know what options are open to you please be sure to contact me here @ www.myphxazhomes.com so that we can review the investment options in Arizona real estate that could make your portfolio shine!
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