Phoenix Market June 2020
Here is the Phoenix Market Update for June 2020. The second quarter is officially in the books and our market continues to charge forward. Buyer demand is still very high and interest rates are low. This results in the prices steadily rising upward. It is definitely a seller’s market across many of the price points valley wide.
Many homes sell within just a few days of being new to the real estate market. Often receiving multiple offers. Having an experienced agent on your side to help your offer stand out above the rest is key in this market.
What does this information mean to you, as a homeowner? Well, it more than likely means that you are gaining valuable equity in your home. That’s always a plus. And if you are considering selling your home, if it is priced well and shows well, you could be selling it fairly quickly.
The flip side, if you are a buyer in this market, make sure you are prepared! If you are not paying cash, your financing should be squared away and ready to go before you start shopping for homes. Besides, a responsible agent would not take you house hunting without your financing being in place. It’s a good recipe for heartache. You see the house you absolutely love and by the time you get all your financial forms to the lender, get your mortgage pre-qualification, that house will have been sold.
Whether you’re buying or selling, we are here to help you every step of the way. Our goal is to make the process as smooth and as transparent as possible. We strive to save you time and money because we know this is one of the biggest purchases or sales you will ever make.
Are you ready to get the process started? Give us a call or text at 602-391-8986 or you can e-mail us here.