What do you guys think about the Real Estate here and the crazy amount of inventory we have? I have a house in Q. Creek that I bought for $180,000 I am worried about it going down in value.. even though I can sell it for about $240,000
2006-07-21 09:00:38 · 4 answers · asked by just me000 4 in Business & Finance ➔ Renting & Real Estate
Arizona is in a real estate downtrend at the moment and, as you pointed out, inventory is increasing. However, real estate markets go up and down and the time to worry about prices is when you are ready to sell. If you are going to sell now, take the profit and walk away with a smile.
2006-07-21 10:08:49 · answer #1 · answered by kearneyconsulting 6 · 1⤊ 0⤋
Lets be honest the housing market sucks right now here in Arizona , but like someone else already pointed out more people are moving here everyday. I'm in the same situation you are and considering selling my home, but I'm leaning towards refinancing and taking some of my equity and investing it get a better return then what the housing market can offer at this moment. Just my personal perspective and by noway am I claiming to be a financial expert. I am a Mortgage Consultant here in the valley so if you need anything or no of anyone who does feel free to email me tadgeman@yahoo.com.
2006-07-22 01:52:44 · answer #2 · answered by Dan 3 · 0⤊ 0⤋
Are you planning on selling it soon? Otherwise I wouldnt worry about it. Once this goverment gets back on its feet the housing market will be great here again. Arizona is one of the best and fastest growing states. The only thing I would say that we would have to worry about is the greenhouse effect, with the heat. Yet, a lot of East coast people are moving out here due to the hurricanes. So that could benefit us as well.
2006-07-21 16:07:47 · answer #3 · answered by Cantankerous One 2 · 0⤊ 0⤋
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2006-07-23 02:04:10 · answer #4 · answered by Anonymous · 0⤊ 0⤋