Username:   Remember Me
Password:  

Uber Articles {Über (ger) adj. above, beyond }

- Above and Beyond a Mere Article Directory

 
 

News On Foreclosures In Phoenix, AZ

By Alfred Wendler

For the first time home buyer thinking interested in Phoenix, AZ homes, a lot of good news can be found. All it requires is having the right perspective.

There is great news to be found for first time owners, as Phoenix, AZ foreclosures have caused the prices of homes to drop significantly. Bad news for the current home owners, good news for you to buy a home.

Prices are over 50% off of the peak and lower that could be found 10 years ago in many areas, allowing more people to afford to buy their first home. Combined with low interest rates, the price of homes in Phoenix makes owning a home viable.

FHA Loans are very popular with first time home buyers as they allow you to buy a home with very little down. In some cases you can buy a home with as little as 3.5% of the purchase price as a down payment.

It is common for many Phoenix, AZ homes for sale to be bank owned, and the banks are agreeable to contributing towards buyer’s closing costs. FHA Loans may allow for the seller to pay all of the closing costs for the buyer.

With closing costs running up to 4% of the sales price of a home, they can be significant. By allowing the seller to pay for some, or all, of the closing costs, the FHA helps make homes even more affordable.

By using the right loan program, and working with a knowledgeable Realtor, you should be able to find a home that works for your budget. There are plenty of homes to chose from in all neighborhoods, it just takes work on your part.

By having the right perspective, you will realize that this market is in fact a great market for you as a first time home buyer. Just ignore all that you hear about the housing crisis and realize this can be a great time to buy your first home!

To find help on how to buy Phoenix, AZ foreclosures or other homes for sale Phoenix, check out Alfred’s site www.realestatehelpsite.com, which he created to help the first time home buyer get their first home.

Article kindly provided by UberArticles.com

Topics: Real Estate | Comments Off

Tags: , , , , , , , ,


Article Citation
MLA Style Citation:
Wendler, Alfred "News On Foreclosures In Phoenix, AZ." News On Foreclosures In Phoenix, AZ. 23 Jun. 2010. uberarticles.com. 29 Dec 2014 <http://uberarticles.com/real-estate/news-on-foreclosures-in-phoenix-az/>.

APA Style Citation:
Wendler, A (2010, June 23). News On Foreclosures In Phoenix, AZ. Retrieved December 29, 2014, from http://uberarticles.com/real-estate/news-on-foreclosures-in-phoenix-az/

Chicago Style Citation:
Wendler, Alfred "News On Foreclosures In Phoenix, AZ" uberarticles.com. http://uberarticles.com/real-estate/news-on-foreclosures-in-phoenix-az/


Reprint Rights

Creative Commons License
This article is subject to a revocable license under a Creative Commons Attribution-No Derivative Works 3.0 Unported License, which means you may freely reprint it, in its entirety, provided you include the author's resource box along with LIVE VISIBLE links (without "nofollow" tags). We may revoke the license at any time with or without cause. You must also include the credit to UberArticles.com.

Comments are closed.

Disclaimer
Uber Articles and its partner sites cannot be held responsible for either the content nor the originality of any articles. If you believe the article has been stolen from you without your permission, please contact us and we will remove it immediately. If you have a problem with the accuracy or otherwise of the content of an article, please contact the author, not us! Also, please remember that any opinions and ideas presented in any of the articles are those of the author and cannot be taken to represent the opinions of Uber Articles. All articles are provided for informational purposes only. None of them should be relied upon for medical, psychological, financial, legal, or other professional advice. If you need professional advice, see a professional. We cannot be held responsible for any use or misuse you make of the articles, nor can we be held responsible for any claims for earnings, cures, or other results that the article might make.
  • RSS Feed

    RSS for Real Estate




  • Plugin UAW into your sites and start receiving fresh, unique and niche relevant content today and everyday!