Take advantage of today’s market, include Tucson foreclosure homes in your viewing itinerary, and set yourself up to make the most of your retirement.
Timing is everything with some successes in life, and this could never be truer when you are out searching for your next home in Pima, Pinal or Santa Cruz Counties. If you are looking for a place to retire yet don’t want to move far from the heart of Tucson, now is the time to go shopping. More sellers than buyers, with demand for residential housing at a low point, average house prices in Tucson this last quarter have fallen slightly for the first time in many years; days on the market for most homes are slipping out a little. Most would agree it is truly a buyer’s dream market this quarter. Good timing will mean you buy the best value to be had in your favorite retirement location.
Foreclosures have tended to cluster in the poorer neighborhoods in metro Tucson, and have followed the noticeable trend in many states that the poorer have been the first to lose their homes as their sub prime loan repayments become unaffordable and refinancing impossible. This means very affordable homes for the investor, or first time buyer of a second home.
Since foreclosure recognises only financial mishap, there is much in distressed price housing to be found in all neigborhoods, including those most favored by retirees. Gated communities in Sun City, Saddlebrook (Oro Valley), and closer in at the foothills of the Catalina mountains; golfing communities in Green Valley, Casas Adobes and Sahuarita to the south, should all be searched for that great value for money to be found in a pre foreclosure home, where the owner cannot afford to wait out the days on the market as the seller under less pressure will do.
When you have completed your purchase at that great but unexpectedly better price, where better to invest than in affordable off campus rental property near El Encanto? Make sure you include REO property in this search. A cash buyer will get the best deal from the bank or lender owner. Today’s students prefer more bedroom space, more storage and better kitchen facilities; take the opportunity to buy a fixer upper and convert it in to a steady cash income stream renting out to more seriously minded graduates. You are buying at the right time.
Philip Smith is the writer of http://www.Foreclosure-Support.com. Your Source of
Tucson Foreclosure Homes online.
